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%14.8%
1 years$142,036$140,771$139,536$138,332$137,155$134,441
2 years$70,315$69,005$67,736$66,506$65,312$62,589
3 years$46,411$45,096$43,830$42,611$41,437$38,790
4 years$34,461$33,150$31,897$30,699$29,553$27,002
5 years$27,293$25,990$24,753$23,580$22,466$20,019
6 years$22,516$21,223$20,004$18,857$17,776$15,436
7 years$19,106$17,823$16,624$15,503$14,457$12,223
8 years$16,549$15,278$14,098$13,005$11,993$9,866
9 years$14,561$13,302$12,143$11,078$10,100$8,078
10 years$12,972$11,725$10,586$9,549$8,606$6,686
11 years$11,672$10,438$9,320$8,310$7,401$5,583
12 years$10,590$9,369$8,271$7,289$6,414$4,693
13 years$9,675$8,466$7,390$6,435$5,593$3,967
14 years$8,892$7,696$6,640$5,713$4,903$3,369
15 years$8,213$7,030$5,995$5,095$4,317$2,872
16 years$7,620$6,450$5,435$4,562$3,815$2,456
17 years$7,098$5,940$4,946$4,099$3,383$2,106
18 years$6,633$5,489$4,515$3,694$3,008$1,810
19 years$6,219$5,087$4,133$3,338$2,681$1,558
20 years$5,846$4,727$3,793$3,023$2,395$1,344
21 years$5,509$4,403$3,489$2,743$2,143$1,160
22 years$5,203$4,110$3,216$2,494$1,921$1,003
23 years$4,924$3,844$2,969$2,272$1,724$868
24 years$4,669$3,602$2,746$2,072$1,550$752
25 years$4,434$3,380$2,543$1,892$1,395$652
26 years$4,218$3,177$2,359$1,730$1,256$566
27 years$4,019$2,990$2,190$1,584$1,133$491
28 years$3,834$2,817$2,036$1,451$1,022$426
29 years$3,661$2,658$1,895$1,331$923$370
30 years$3,501$2,510$1,765$1,221$834$322
31 years$3,352$2,373$1,645$1,121$754$280
32 years$3,212$2,245$1,535$1,031$682$243
33 years$3,080$2,126$1,433$948$617$211
34 years$2,957$2,015$1,339$872$559$184
35 years$2,841$1,911$1,252$803$506$160
36 years$2,732$1,814$1,171$739$459$139
37 years$2,629$1,723$1,096$681$416$121
38 years$2,531$1,637$1,027$628$377$106
39 years$2,439$1,557$962$579$342$92
40 years$2,352$1,481$902$534$310$80
41 years$2,269$1,410$845$493$281$70
42 years$2,190$1,343$793$455$255$61
43 years$2,115$1,280$744$420$232$53
44 years$2,044$1,220$699$388$210$46
45 years$1,976$1,163$656$358$191$40
46 years$1,911$1,110$616$331$173$35
47 years$1,849$1,059$579$305$157$30
48 years$1,790$1,011$544$282$143$26
49 years$1,733$965$511$261$130$23
50 years$1,679$922$481$241$118$20

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 $6,354 every year, while hoping to spend $30,762 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: 81/12/7 Blend
39$1,720,000$1,720,000$1,720,000$1,720,000
40$1,901,994$1,810,834$1,784,174$2,054,186
41$2,063,267$1,866,834$1,811,213$2,210,716
42$2,239,959$1,924,548$1,838,128$2,377,740
43$2,433,609$1,984,026$1,864,880$2,560,116
44$2,645,916$2,045,321$1,891,431$2,759,361
45$2,878,745$2,108,488$1,917,741$2,977,147
46$3,134,157$2,173,583$1,943,764$3,215,315
47$3,414,416$2,240,664$1,969,456$3,475,893
48$3,722,020$2,309,790$1,994,766$3,761,111
49$4,059,718$2,381,022$2,019,643$4,073,431
50$4,430,541$2,454,423$2,044,032$4,415,558
51$4,837,824$2,530,058$2,067,875$4,790,477
52$5,285,244$2,607,993$2,091,111$5,201,473
53$5,776,851$2,688,297$2,113,675$5,652,164
54$6,317,106$2,771,040$2,135,500$6,146,536
55$6,910,924$2,856,294$2,156,512$6,688,982
56$7,563,720$2,944,134$2,176,637$7,284,339
57$8,281,459$3,034,636$2,195,794$7,937,934
58$9,070,714$3,127,880$2,213,899$8,655,641
59$9,938,727$3,223,945$2,230,865$9,443,925
60$10,893,475$3,322,916$2,246,596$10,309,912
61$11,943,748$3,424,878$2,260,996$11,261,453
62$13,099,233$3,529,920$2,273,962$12,307,196
63$14,370,599$3,638,130$2,285,384$13,456,671
64$15,769,605$3,749,603$2,295,149$14,720,375
65$17,309,205$3,864,435$2,303,138$16,109,877
66$19,003,674$3,982,722$2,309,223$17,637,922
67$20,868,741$4,104,567$2,313,274$19,318,552
68$22,921,735$4,230,074$2,315,151$21,167,240
69$25,181,752$4,359,348$2,314,709$23,201,034
70$27,669,835$4,492,499$2,311,795$25,438,720
71$30,409,167$4,629,641$2,306,250$27,900,995
72$33,425,297$4,770,889$2,297,904$30,610,667
73$36,746,376$4,916,361$2,286,582$33,592,866
74$40,403,423$5,066,179$2,272,100$36,875,284
75$44,430,620$5,220,470$2,254,263$40,488,433
76$48,865,632$5,379,361$2,232,869$44,465,935
77$53,749,962$5,542,985$2,207,706$48,844,840
78$59,129,345$5,711,478$2,178,551$53,665,971
79$65,054,176$5,884,979$2,145,171$58,974,315
80$71,579,991$6,063,632$2,107,322$64,819,442
81$78,767,982$6,247,582$2,064,750$71,255,977
82$86,685,584$6,436,981$2,017,186$78,344,111
83$95,407,104$6,631,984$1,964,353$86,150,173
84$105,014,426$6,832,748$1,905,956$94,747,253
85$115,597,783$7,039,438$1,841,691$104,215,893
86$127,256,606$7,252,220$1,771,237$114,644,846
87$140,100,467$7,471,266$1,694,260$126,131,916
88$154,250,107$7,696,751$1,610,411$138,784,876
89$169,838,582$7,928,856$1,519,324$152,722,491
90$187,012,513$8,167,765$1,420,616$168,075,633
91$205,933,472$8,413,668$1,313,890$184,988,520
92$226,779,507$8,666,759$1,198,727$203,620,078
93$249,746,825$8,927,238$1,074,692$224,145,436
94$275,051,636$9,195,308$941,329$246,757,583
95$302,932,204$9,471,179$798,164$271,669,189
96$333,651,086$9,755,064$644,700$299,114,611
97$367,497,618$10,047,184$480,419$329,352,105
98$404,790,641$10,347,761$304,779$362,666,265
99$445,881,513$10,657,028$117,215$399,370,709
100$491,157,423$10,975,219$0$439,811,038