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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$142,036$140,771$139,536$138,332$137,155$136,063
2 years$70,315$69,005$67,736$66,506$65,312$64,211
3 years$46,411$45,096$43,830$42,611$41,437$40,361
4 years$34,461$33,150$31,897$30,699$29,553$28,511
5 years$27,293$25,990$24,753$23,580$22,466$21,460
6 years$22,516$21,223$20,004$18,857$17,776$16,809
7 years$19,106$17,823$16,624$15,503$14,457$13,528
8 years$16,549$15,278$14,098$13,005$11,993$11,103
9 years$14,561$13,302$12,143$11,078$10,100$9,248
10 years$12,972$11,725$10,586$9,549$8,606$7,791
11 years$11,672$10,438$9,320$8,310$7,401$6,624
12 years$10,590$9,369$8,271$7,289$6,414$5,672
13 years$9,675$8,466$7,390$6,435$5,593$4,887
14 years$8,892$7,696$6,640$5,713$4,903$4,232
15 years$8,213$7,030$5,995$5,095$4,317$3,679
16 years$7,620$6,450$5,435$4,562$3,815$3,210
17 years$7,098$5,940$4,946$4,099$3,383$2,810
18 years$6,633$5,489$4,515$3,694$3,008$2,465
19 years$6,219$5,087$4,133$3,338$2,681$2,168
20 years$5,846$4,727$3,793$3,023$2,395$1,910
21 years$5,509$4,403$3,489$2,743$2,143$1,686
22 years$5,203$4,110$3,216$2,494$1,921$1,490
23 years$4,924$3,844$2,969$2,272$1,724$1,319
24 years$4,669$3,602$2,746$2,072$1,550$1,168
25 years$4,434$3,380$2,543$1,892$1,395$1,036
26 years$4,218$3,177$2,359$1,730$1,256$920
27 years$4,019$2,990$2,190$1,584$1,133$817
28 years$3,834$2,817$2,036$1,451$1,022$726
29 years$3,661$2,658$1,895$1,331$923$646
30 years$3,501$2,510$1,765$1,221$834$575
31 years$3,352$2,373$1,645$1,121$754$512
32 years$3,212$2,245$1,535$1,031$682$456
33 years$3,080$2,126$1,433$948$617$406
34 years$2,957$2,015$1,339$872$559$362
35 years$2,841$1,911$1,252$803$506$323
36 years$2,732$1,814$1,171$739$459$288
37 years$2,629$1,723$1,096$681$416$257
38 years$2,531$1,637$1,027$628$377$229
39 years$2,439$1,557$962$579$342$204
40 years$2,352$1,481$902$534$310$182
41 years$2,269$1,410$845$493$281$163
42 years$2,190$1,343$793$455$255$145
43 years$2,115$1,280$744$420$232$130
44 years$2,044$1,220$699$388$210$116
45 years$1,976$1,163$656$358$191$103
46 years$1,911$1,110$616$331$173$92
47 years$1,849$1,059$579$305$157$83
48 years$1,790$1,011$544$282$143$74
49 years$1,733$965$511$261$130$66
50 years$1,679$922$481$241$118$59

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 $2,110 every year, while hoping to spend $49,327 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: 50/45/5 Blend
39$1,720,000$1,720,000$1,720,000$1,720,000
40$1,897,616$1,806,456$1,779,796$1,990,133
41$2,038,690$1,842,489$1,786,936$2,089,327
42$2,192,499$1,878,634$1,792,662$2,191,558
43$2,360,292$1,914,845$1,796,874$2,301,450
44$2,543,441$1,951,072$1,799,468$2,419,731
45$2,743,456$1,987,259$1,800,335$2,547,202
46$2,962,002$2,023,347$1,799,359$2,684,746
47$3,200,908$2,059,274$1,796,419$2,833,335
48$3,462,192$2,094,969$1,791,390$2,994,041
49$3,748,072$2,130,359$1,784,139$3,168,046
50$4,060,994$2,165,365$1,774,526$3,356,651
51$4,403,648$2,199,901$1,762,405$3,561,293
52$4,778,998$2,233,874$1,747,624$3,783,553
53$5,190,309$2,267,186$1,730,022$4,025,174
54$5,641,174$2,299,733$1,709,432$4,288,080
55$6,135,554$2,331,400$1,685,678$4,574,389
56$6,677,808$2,362,066$1,658,576$4,886,437
57$7,272,740$2,391,603$1,627,933$5,226,801
58$7,925,639$2,419,871$1,593,549$5,598,319
59$8,642,333$2,446,724$1,555,212$6,004,121
60$9,429,241$2,472,003$1,512,701$6,447,659
61$10,293,433$2,495,540$1,465,786$6,932,738
62$11,242,699$2,517,157$1,414,225$7,463,553
63$12,285,618$2,536,662$1,357,766$8,044,729
64$13,431,645$2,553,852$1,296,145$8,681,364
65$14,691,192$2,568,511$1,229,085$9,379,081
66$16,075,734$2,580,407$1,156,299$10,144,078
67$17,597,908$2,589,297$1,077,485$10,983,188
68$19,271,642$2,594,920$992,328$11,903,946
69$21,112,277$2,596,998$900,498$12,914,657
70$23,136,717$2,595,239$801,653$14,024,480
71$25,363,586$2,589,329$695,432$15,243,510
72$27,813,404$2,578,939$581,461$16,582,878
73$30,508,779$2,563,715$459,348$18,054,856
74$33,474,623$2,543,285$328,684$19,672,973
75$36,738,381$2,517,253$189,042$21,452,144
76$40,330,298$2,485,200$39,977$23,408,811
77$44,283,695$2,446,681$0$25,561,102
78$48,635,289$2,401,226$0$27,935,354
79$53,425,538$2,348,335$0$30,549,934
80$58,699,019$2,287,480$0$33,427,020
81$64,504,855$2,218,102$0$36,593,413
82$70,897,169$2,139,608$0$40,078,657
83$77,935,603$2,051,372$0$43,915,318
84$85,685,875$1,952,730$0$48,139,294
85$94,220,402$1,842,981$0$52,790,156
86$103,618,979$1,721,383$0$57,911,521
87$113,969,536$1,587,152$0$63,551,468
88$125,368,965$1,439,459$0$69,762,993
89$137,924,033$1,277,426$0$76,604,512
90$151,752,393$1,100,128$0$84,140,414
91$166,983,689$906,586$0$92,441,670
92$183,760,782$695,766$0$101,586,510
93$202,241,098$466,575$0$111,661,161
94$222,598,113$217,861$0$122,760,661
95$245,022,990$0$0$134,989,769
96$269,726,379$0$0$148,489,494
97$296,940,412$0$0$163,480,339
98$326,920,888$0$0$179,995,366
99$359,949,687$0$0$198,189,886
100$396,337,435$0$0$218,235,050