Can I retire at age 40 with 1,720,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$142,036$140,771$139,536$138,332$137,155$132,447
2 years$70,315$69,005$67,736$66,506$65,312$60,616
3 years$46,411$45,096$43,830$42,611$41,437$36,901
4 years$34,461$33,150$31,897$30,699$29,553$25,212
5 years$27,293$25,990$24,753$23,580$22,466$18,332
6 years$22,516$21,223$20,004$18,857$17,776$13,852
7 years$19,106$17,823$16,624$15,503$14,457$10,741
8 years$16,549$15,278$14,098$13,005$11,993$8,484
9 years$14,561$13,302$12,143$11,078$10,100$6,792
10 years$12,972$11,725$10,586$9,549$8,606$5,494
11 years$11,672$10,438$9,320$8,310$7,401$4,479
12 years$10,590$9,369$8,271$7,289$6,414$3,675
13 years$9,675$8,466$7,390$6,435$5,593$3,031
14 years$8,892$7,696$6,640$5,713$4,903$2,509
15 years$8,213$7,030$5,995$5,095$4,317$2,084
16 years$7,620$6,450$5,435$4,562$3,815$1,736
17 years$7,098$5,940$4,946$4,099$3,383$1,449
18 years$6,633$5,489$4,515$3,694$3,008$1,211
19 years$6,219$5,087$4,133$3,338$2,681$1,014
20 years$5,846$4,727$3,793$3,023$2,395$850
21 years$5,509$4,403$3,489$2,743$2,143$714
22 years$5,203$4,110$3,216$2,494$1,921$600
23 years$4,924$3,844$2,969$2,272$1,724$504
24 years$4,669$3,602$2,746$2,072$1,550$424
25 years$4,434$3,380$2,543$1,892$1,395$357
26 years$4,218$3,177$2,359$1,730$1,256$300
27 years$4,019$2,990$2,190$1,584$1,133$253
28 years$3,834$2,817$2,036$1,451$1,022$213
29 years$3,661$2,658$1,895$1,331$923$180
30 years$3,501$2,510$1,765$1,221$834$151
31 years$3,352$2,373$1,645$1,121$754$128
32 years$3,212$2,245$1,535$1,031$682$108
33 years$3,080$2,126$1,433$948$617$91
34 years$2,957$2,015$1,339$872$559$77
35 years$2,841$1,911$1,252$803$506$65
36 years$2,732$1,814$1,171$739$459$54
37 years$2,629$1,723$1,096$681$416$46
38 years$2,531$1,637$1,027$628$377$39
39 years$2,439$1,557$962$579$342$33
40 years$2,352$1,481$902$534$310$28
41 years$2,269$1,410$845$493$281$23
42 years$2,190$1,343$793$455$255$20
43 years$2,115$1,280$744$420$232$17
44 years$2,044$1,220$699$388$210$14
45 years$1,976$1,163$656$358$191$12
46 years$1,911$1,110$616$331$173$10
47 years$1,849$1,059$579$305$157$8
48 years$1,790$1,011$544$282$143$7
49 years$1,733$965$511$261$130$6
50 years$1,679$922$481$241$118$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,720,000, adding $5,148 every year, while hoping to spend $49,964 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/22/27 Blend
39$1,720,000$1,720,000$1,720,000$1,720,000
40$1,900,750$1,809,590$1,782,930$1,983,013
41$2,041,465$1,845,099$1,789,497$2,076,326
42$2,194,859$1,880,673$1,794,609$2,172,293
43$2,362,171$1,916,262$1,798,165$2,275,655
44$2,544,768$1,951,814$1,800,059$2,387,139
45$2,744,151$1,987,270$1,800,178$2,507,545
46$2,961,976$2,022,568$1,798,406$2,637,754
47$3,200,064$2,057,640$1,794,618$2,778,742
48$3,460,419$2,092,413$1,788,687$2,931,581
49$3,745,250$2,126,810$1,780,476$3,097,458
50$4,056,988$2,160,745$1,769,844$3,277,680
51$4,398,309$2,194,130$1,756,642$3,473,689
52$4,772,161$2,226,867$1,740,714$3,687,076
53$5,181,791$2,258,853$1,721,898$3,919,597
54$5,630,774$2,289,977$1,700,021$4,173,187
55$6,123,046$2,320,120$1,674,906$4,449,982
56$6,662,945$2,349,154$1,646,364$4,752,338
57$7,255,248$2,376,945$1,614,199$5,082,853
58$7,905,215$2,403,347$1,578,206$5,444,395
59$8,618,641$2,428,205$1,538,170$5,840,123
60$9,401,910$2,451,355$1,493,867$6,273,527
61$10,262,054$2,472,620$1,445,061$6,748,450
62$11,206,819$2,491,814$1,391,506$7,269,136
63$12,244,738$2,508,737$1,332,945$7,840,262
64$13,385,212$2,523,175$1,269,109$8,466,988
65$14,638,597$2,534,904$1,199,717$9,155,004
66$16,016,302$2,543,682$1,124,475$9,910,585
67$17,530,896$2,549,254$1,043,077$10,740,651
68$19,196,229$2,551,349$955,201$11,652,833
69$21,027,556$2,549,677$860,513$12,655,545
70$23,041,689$2,543,933$758,662$13,758,068
71$25,257,147$2,533,791$649,282$14,970,633
72$27,694,335$2,518,906$531,993$16,304,523
73$30,375,737$2,498,912$406,394$17,772,177
74$33,326,123$2,473,421$272,070$19,387,312
75$36,572,790$2,442,020$128,586$21,165,053
76$40,145,809$2,404,274$0$23,122,075
77$44,078,318$2,359,720$0$25,283,831
78$48,406,829$2,307,869$0$27,703,515
79$53,171,572$2,248,201$0$30,366,532
80$58,416,878$2,180,168$0$33,297,671
81$64,191,591$2,103,188$0$36,524,246
82$70,549,535$2,016,646$0$40,076,366
83$77,550,017$1,919,891$0$43,987,211
84$85,258,388$1,812,234$0$48,293,348
85$93,746,658$1,692,948$0$53,035,080
86$103,094,177$1,561,263$0$58,256,824
87$113,388,381$1,416,363$0$64,007,532
88$124,725,621$1,257,389$0$70,341,154
89$137,212,064$1,083,432$0$77,317,149
90$150,964,705$893,530$0$85,001,045
91$166,112,461$686,669$0$93,465,062
92$182,797,393$461,777$0$102,788,790
93$201,176,044$217,721$0$113,059,949
94$221,420,917$0$0$124,375,210
95$243,722,101$0$0$136,852,419
96$268,289,068$0$0$150,655,631
97$295,352,647$0$0$165,861,865
98$325,167,200$0$0$182,614,075
99$358,013,028$0$0$201,069,791
100$394,199,012$0$0$221,402,606