Can I retire at age 40 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$143,688$142,408$141,159$139,940$138,750$134,309
2 years$71,132$69,808$68,524$67,279$66,071$61,638
3 years$46,951$45,620$44,339$43,106$41,918$37,632
4 years$34,862$33,536$32,268$31,056$29,897$25,789
5 years$27,611$26,292$25,041$23,854$22,727$18,810
6 years$22,778$21,470$20,237$19,076$17,983$14,261
7 years$19,328$18,030$16,817$15,683$14,625$11,096
8 years$16,741$15,455$14,262$13,156$12,133$8,795
9 years$14,730$13,457$12,284$11,206$10,218$7,067
10 years$13,122$11,861$10,709$9,660$8,706$5,738
11 years$11,808$10,559$9,428$8,407$7,487$4,697
12 years$10,713$9,478$8,367$7,374$6,488$3,869
13 years$9,788$8,565$7,476$6,510$5,658$3,203
14 years$8,995$7,785$6,717$5,779$4,960$2,663
15 years$8,309$7,112$6,065$5,154$4,367$2,221
16 years$7,709$6,525$5,498$4,615$3,860$1,858
17 years$7,180$6,009$5,003$4,146$3,422$1,558
18 years$6,711$5,553$4,567$3,737$3,043$1,308
19 years$6,291$5,146$4,181$3,376$2,712$1,101
20 years$5,914$4,782$3,837$3,058$2,423$927
21 years$5,573$4,455$3,530$2,775$2,168$782
22 years$5,263$4,158$3,253$2,523$1,943$660
23 years$4,981$3,889$3,004$2,298$1,744$557
24 years$4,723$3,644$2,778$2,096$1,568$471
25 years$4,486$3,419$2,573$1,914$1,411$398
26 years$4,267$3,214$2,386$1,750$1,271$337
27 years$4,065$3,025$2,216$1,602$1,146$285
28 years$3,878$2,850$2,060$1,468$1,034$241
29 years$3,704$2,689$1,917$1,346$934$205
30 years$3,542$2,539$1,786$1,235$843$173
31 years$3,391$2,400$1,665$1,135$763$147
32 years$3,249$2,271$1,553$1,043$690$124
33 years$3,116$2,151$1,450$959$624$105
34 years$2,991$2,039$1,355$882$565$89
35 years$2,874$1,934$1,267$812$512$76
36 years$2,764$1,835$1,185$748$464$64
37 years$2,659$1,743$1,109$689$420$54
38 years$2,561$1,656$1,039$635$381$46
39 years$2,467$1,575$973$586$346$39
40 years$2,379$1,499$912$540$313$33
41 years$2,295$1,427$855$498$284$28
42 years$2,215$1,359$802$460$258$24
43 years$2,139$1,294$753$425$234$20
44 years$2,067$1,234$707$392$213$17
45 years$1,999$1,177$664$362$193$15
46 years$1,933$1,122$623$334$175$12
47 years$1,871$1,071$585$309$159$10
48 years$1,811$1,023$550$286$145$9
49 years$1,754$977$517$264$131$8
50 years$1,699$933$486$244$119$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,740,000, adding $2,790 every year, while hoping to spend $26,226 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: 67/5/28 Blend
39$1,740,000$1,740,000$1,740,000$1,740,000
40$1,920,358$1,828,138$1,801,168$2,034,754
41$2,088,330$1,889,812$1,833,603$2,173,863
42$2,272,557$1,953,630$1,866,245$2,322,749
43$2,474,667$2,019,668$1,899,074$2,485,012
44$2,696,458$2,088,006$1,932,068$2,661,976
45$2,939,907$2,158,729$1,965,203$2,855,099
46$3,207,193$2,231,922$1,998,452$3,065,987
47$3,500,715$2,307,675$2,031,789$3,296,409
48$3,823,118$2,386,081$2,065,184$3,548,313
49$4,177,314$2,467,236$2,098,605$3,823,846
50$4,566,511$2,551,242$2,132,020$4,125,372
51$4,994,245$2,638,202$2,165,392$4,455,496
52$5,464,408$2,728,225$2,198,683$4,817,088
53$5,981,292$2,821,422$2,231,853$5,213,310
54$6,549,623$2,917,911$2,264,859$5,647,646
55$7,174,608$3,017,812$2,297,656$6,123,933
56$7,861,985$3,121,252$2,330,194$6,646,401
57$8,618,074$3,228,360$2,362,422$7,219,709
58$9,449,841$3,339,273$2,394,287$7,848,989
59$10,364,959$3,454,131$2,425,729$8,539,900
60$11,371,883$3,573,082$2,456,689$9,298,673
61$12,479,928$3,696,276$2,487,102$10,132,177
62$13,699,360$3,823,872$2,516,899$11,047,978
63$15,041,487$3,956,035$2,546,008$12,054,416
64$16,518,773$4,092,935$2,574,353$13,160,677
65$18,144,948$4,234,749$2,601,854$14,376,888
66$19,935,143$4,381,662$2,628,426$15,714,203
67$21,906,029$4,533,865$2,653,980$17,184,918
68$24,075,977$4,691,557$2,678,421$18,802,579
69$26,465,228$4,854,945$2,701,650$20,582,113
70$29,096,089$5,024,244$2,723,562$22,539,971
71$31,993,136$5,199,679$2,744,048$24,694,280
72$35,183,454$5,381,481$2,762,992$27,065,016
73$38,696,885$5,569,892$2,780,271$29,674,189
74$42,566,315$5,765,165$2,795,758$32,546,058
75$46,827,981$5,967,559$2,809,317$35,707,351
76$51,521,813$6,177,348$2,820,807$39,187,526
77$56,691,814$6,394,814$2,830,080$43,019,043
78$62,386,470$6,620,251$2,836,979$47,237,671
79$68,659,212$6,853,965$2,841,340$51,882,830
80$75,568,918$7,096,276$2,842,991$56,997,958
81$83,180,467$7,347,512$2,841,750$62,630,923
82$91,565,355$7,608,021$2,837,429$68,834,478
83$100,802,366$7,878,159$2,829,829$75,666,754
84$110,978,319$8,158,301$2,818,740$83,191,811
85$122,188,884$8,448,834$2,803,944$91,480,244
86$134,539,486$8,750,163$2,785,212$100,609,847
87$148,146,301$9,062,708$2,762,303$110,666,351
88$163,137,350$9,386,906$2,734,967$121,744,229
89$179,653,709$9,723,215$2,702,938$133,947,592
90$197,850,843$10,072,108$2,665,942$147,391,169
91$217,900,066$10,434,078$2,623,688$162,201,393
92$239,990,167$10,809,641$2,575,875$178,517,592
93$264,329,182$11,199,332$2,522,185$196,493,306
94$291,146,368$11,603,709$2,462,288$216,297,736
95$320,694,358$12,023,351$2,395,835$238,117,344
96$353,251,552$12,458,865$2,322,465$262,157,610
97$389,124,740$12,910,879$2,241,797$288,644,972
98$428,652,001$13,380,050$2,153,435$317,828,968
99$472,205,894$13,867,061$2,056,964$349,984,589
100$520,196,973$14,372,625$1,951,950$385,414,876