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%11.1%
1 years$143,688$142,408$141,159$139,940$138,750$138,107
2 years$71,132$69,808$68,524$67,279$66,071$65,423
3 years$46,951$45,620$44,339$43,106$41,918$41,284
4 years$34,862$33,536$32,268$31,056$29,897$29,281
5 years$27,611$26,292$25,041$23,854$22,727$22,132
6 years$22,778$21,470$20,237$19,076$17,983$17,410
7 years$19,328$18,030$16,817$15,683$14,625$14,073
8 years$16,741$15,455$14,262$13,156$12,133$11,603
9 years$14,730$13,457$12,284$11,206$10,218$9,710
10 years$13,122$11,861$10,709$9,660$8,706$8,219
11 years$11,808$10,559$9,428$8,407$7,487$7,022
12 years$10,713$9,478$8,367$7,374$6,488$6,044
13 years$9,788$8,565$7,476$6,510$5,658$5,234
14 years$8,995$7,785$6,717$5,779$4,960$4,556
15 years$8,309$7,112$6,065$5,154$4,367$3,982
16 years$7,709$6,525$5,498$4,615$3,860$3,494
17 years$7,180$6,009$5,003$4,146$3,422$3,075
18 years$6,711$5,553$4,567$3,737$3,043$2,713
19 years$6,291$5,146$4,181$3,376$2,712$2,400
20 years$5,914$4,782$3,837$3,058$2,423$2,127
21 years$5,573$4,455$3,530$2,775$2,168$1,888
22 years$5,263$4,158$3,253$2,523$1,943$1,679
23 years$4,981$3,889$3,004$2,298$1,744$1,495
24 years$4,723$3,644$2,778$2,096$1,568$1,332
25 years$4,486$3,419$2,573$1,914$1,411$1,189
26 years$4,267$3,214$2,386$1,750$1,271$1,062
27 years$4,065$3,025$2,216$1,602$1,146$949
28 years$3,878$2,850$2,060$1,468$1,034$849
29 years$3,704$2,689$1,917$1,346$934$760
30 years$3,542$2,539$1,786$1,235$843$681
31 years$3,391$2,400$1,665$1,135$763$610
32 years$3,249$2,271$1,553$1,043$690$547
33 years$3,116$2,151$1,450$959$624$491
34 years$2,991$2,039$1,355$882$565$440
35 years$2,874$1,934$1,267$812$512$395
36 years$2,764$1,835$1,185$748$464$355
37 years$2,659$1,743$1,109$689$420$318
38 years$2,561$1,656$1,039$635$381$286
39 years$2,467$1,575$973$586$346$257
40 years$2,379$1,499$912$540$313$231
41 years$2,295$1,427$855$498$284$208
42 years$2,215$1,359$802$460$258$187
43 years$2,139$1,294$753$425$234$168
44 years$2,067$1,234$707$392$213$151
45 years$1,999$1,177$664$362$193$136
46 years$1,933$1,122$623$334$175$122
47 years$1,871$1,071$585$309$159$110
48 years$1,811$1,023$550$286$145$99
49 years$1,754$977$517$264$131$89
50 years$1,699$933$486$244$119$80

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 $6,584 every year, while hoping to spend $24,691 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: 60/18/22 Blend
39$1,740,000$1,740,000$1,740,000$1,740,000
40$1,924,271$1,832,051$1,805,081$2,028,152
41$2,094,276$1,895,551$1,839,281$2,162,884
42$2,280,794$1,961,334$1,873,798$2,306,542
43$2,485,482$2,029,488$1,908,618$2,462,734
44$2,710,169$2,100,100$1,943,724$2,632,680
45$2,956,865$2,173,264$1,979,098$2,817,724
46$3,227,788$2,249,076$2,014,720$3,019,345
47$3,525,378$2,327,637$2,050,569$3,239,171
48$3,852,326$2,409,050$2,086,622$3,478,996
49$4,211,594$2,493,424$2,122,855$3,740,793
50$4,606,447$2,580,872$2,159,241$4,026,737
51$5,040,481$2,671,512$2,195,752$4,339,221
52$5,517,658$2,765,464$2,232,357$4,680,881
53$6,042,343$2,862,855$2,269,025$5,054,620
54$6,619,345$2,963,818$2,305,721$5,463,634
55$7,253,963$3,068,490$2,342,408$5,911,445
56$7,952,035$3,177,014$2,379,045$6,401,930
57$8,719,992$3,289,537$2,415,593$6,939,362
58$9,564,921$3,406,215$2,452,006$7,528,445
59$10,494,632$3,527,207$2,488,236$8,174,361
60$11,517,726$3,652,683$2,524,234$8,882,820
61$12,643,685$3,782,814$2,559,947$9,660,111
62$13,882,952$3,917,784$2,595,316$10,513,160
63$15,247,037$4,057,780$2,630,284$11,449,601
64$16,748,622$4,202,998$2,664,785$12,477,840
65$18,401,680$4,353,643$2,698,754$13,607,141
66$20,221,608$4,509,928$2,732,118$14,847,708
67$22,225,371$4,672,074$2,764,804$16,210,783
68$24,431,665$4,840,311$2,796,731$17,708,754
69$26,861,089$5,014,880$2,827,815$19,355,267
70$29,536,341$5,196,032$2,857,969$21,165,358
71$32,482,436$5,384,025$2,887,099$23,155,593
72$35,726,934$5,579,132$2,915,106$25,344,225
73$39,300,206$5,781,634$2,941,887$27,751,366
74$43,235,720$5,991,827$2,967,333$30,399,175
75$47,570,353$6,210,016$2,991,328$33,312,067
76$52,344,743$6,436,521$3,013,752$36,516,945
77$57,603,671$6,671,674$3,034,476$40,043,451
78$63,396,482$6,915,823$3,053,368$43,924,249
79$69,777,553$7,169,328$3,070,285$48,195,328
80$76,806,803$7,432,565$3,085,080$52,896,345
81$84,550,264$7,705,927$3,097,596$58,070,998
82$93,080,696$7,989,823$3,107,671$63,767,436
83$102,478,280$8,284,678$3,115,132$70,038,719
84$112,831,374$8,590,936$3,119,798$76,943,309
85$124,237,344$8,909,061$3,121,481$84,545,630
86$136,803,483$9,239,535$3,119,980$92,916,671
87$150,648,027$9,582,861$3,115,088$102,134,656
88$165,901,268$9,939,564$3,106,586$112,285,785
89$182,706,785$10,310,190$3,094,244$123,465,043
90$201,222,797$10,695,309$3,077,822$135,777,099
91$221,623,660$11,095,517$3,057,066$149,337,290
92$244,101,509$11,511,434$3,031,714$164,272,716
93$268,868,075$11,943,706$3,001,488$180,723,429
94$296,156,679$12,393,008$2,966,098$198,843,766
95$326,224,438$12,860,043$2,925,241$218,803,796
96$359,354,692$13,345,546$2,878,598$240,790,929
97$395,859,676$13,850,283$2,825,836$265,011,685
98$436,083,468$14,375,053$2,766,606$291,693,640
99$480,405,240$14,920,688$2,700,546$321,087,577
100$529,242,831$15,488,059$2,627,271$353,469,850