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

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$143,688$142,408$141,159$139,940$138,750$133,615
2 years$71,132$69,808$68,524$67,279$66,071$60,956
3 years$46,951$45,620$44,339$43,106$41,918$36,983
4 years$34,862$33,536$32,268$31,056$29,897$25,179
5 years$27,611$26,292$25,041$23,854$22,727$18,240
6 years$22,778$21,470$20,237$19,076$17,983$13,730
7 years$19,328$18,030$16,817$15,683$14,625$10,604
8 years$16,741$15,455$14,262$13,156$12,133$8,341
9 years$14,730$13,457$12,284$11,206$10,218$6,649
10 years$13,122$11,861$10,709$9,660$8,706$5,354
11 years$11,808$10,559$9,428$8,407$7,487$4,346
12 years$10,713$9,478$8,367$7,374$6,488$3,549
13 years$9,788$8,565$7,476$6,510$5,658$2,912
14 years$8,995$7,785$6,717$5,779$4,960$2,399
15 years$8,309$7,112$6,065$5,154$4,367$1,983
16 years$7,709$6,525$5,498$4,615$3,860$1,643
17 years$7,180$6,009$5,003$4,146$3,422$1,364
18 years$6,711$5,553$4,567$3,737$3,043$1,135
19 years$6,291$5,146$4,181$3,376$2,712$945
20 years$5,914$4,782$3,837$3,058$2,423$788
21 years$5,573$4,455$3,530$2,775$2,168$658
22 years$5,263$4,158$3,253$2,523$1,943$550
23 years$4,981$3,889$3,004$2,298$1,744$460
24 years$4,723$3,644$2,778$2,096$1,568$385
25 years$4,486$3,419$2,573$1,914$1,411$322
26 years$4,267$3,214$2,386$1,750$1,271$269
27 years$4,065$3,025$2,216$1,602$1,146$226
28 years$3,878$2,850$2,060$1,468$1,034$189
29 years$3,704$2,689$1,917$1,346$934$158
30 years$3,542$2,539$1,786$1,235$843$133
31 years$3,391$2,400$1,665$1,135$763$111
32 years$3,249$2,271$1,553$1,043$690$93
33 years$3,116$2,151$1,450$959$624$78
34 years$2,991$2,039$1,355$882$565$66
35 years$2,874$1,934$1,267$812$512$55
36 years$2,764$1,835$1,185$748$464$46
37 years$2,659$1,743$1,109$689$420$39
38 years$2,561$1,656$1,039$635$381$32
39 years$2,467$1,575$973$586$346$27
40 years$2,379$1,499$912$540$313$23
41 years$2,295$1,427$855$498$284$19
42 years$2,215$1,359$802$460$258$16
43 years$2,139$1,294$753$425$234$13
44 years$2,067$1,234$707$392$213$11
45 years$1,999$1,177$664$362$193$9
46 years$1,933$1,122$623$334$175$8
47 years$1,871$1,071$585$309$159$7
48 years$1,811$1,023$550$286$145$6
49 years$1,754$977$517$264$131$5
50 years$1,699$933$486$244$119$4

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 $6,840 every year, while hoping to spend $58,936 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: 63/17/20 Blend
39$1,740,000$1,740,000$1,740,000$1,740,000
40$1,924,535$1,832,315$1,805,345$2,035,490
41$2,058,131$1,859,391$1,803,117$2,138,139
42$2,203,377$1,885,819$1,798,839$2,242,963
43$2,361,401$1,911,504$1,792,380$2,356,080
44$2,533,442$1,936,346$1,783,602$2,478,304
45$2,720,864$1,960,237$1,772,363$2,610,532
46$2,925,166$1,983,062$1,758,511$2,753,756
47$3,148,000$2,004,700$1,741,889$2,909,066
48$3,391,184$2,025,018$1,722,330$3,077,668
49$3,656,719$2,043,878$1,699,662$3,260,891
50$3,946,807$2,061,130$1,673,703$3,460,199
51$4,263,872$2,076,617$1,644,264$3,677,208
52$4,610,585$2,090,168$1,611,144$3,913,701
53$4,989,883$2,101,606$1,574,136$4,171,644
54$5,405,005$2,110,738$1,533,023$4,453,204
55$5,859,512$2,117,361$1,487,577$4,760,772
56$6,357,330$2,121,260$1,437,558$5,096,985
57$6,902,781$2,122,204$1,382,719$5,464,752
58$7,500,622$2,119,950$1,322,798$5,867,279
59$8,156,097$2,114,239$1,257,523$6,308,104
60$8,874,978$2,104,796$1,186,610$6,791,126
61$9,663,625$2,091,329$1,109,760$7,320,648
62$10,529,040$2,073,530$1,026,662$7,901,412
63$11,478,939$2,051,070$936,992$8,538,649
64$12,521,820$2,023,602$840,411$9,238,127
65$13,667,044$1,990,756$736,562$10,006,207
66$14,924,922$1,952,143$625,077$10,849,902
67$16,306,815$1,907,349$505,568$11,776,944
68$17,825,237$1,855,936$377,631$12,795,861
69$19,493,974$1,797,440$240,845$13,916,055
70$21,328,215$1,731,370$94,769$15,147,893
71$23,344,694$1,657,208$0$16,502,804
72$25,561,844$1,574,403$0$18,006,433
73$27,999,978$1,482,374$0$19,682,062
74$30,681,473$1,380,507$0$21,524,872
75$33,630,983$1,268,152$0$23,551,862
76$36,875,673$1,144,621$0$25,781,769
77$40,445,472$1,009,189$0$28,235,241
78$44,373,359$861,087$0$30,935,036
79$48,695,667$699,506$0$33,906,234
80$53,452,432$523,588$0$37,176,476
81$58,687,765$332,430$0$40,776,226
82$64,450,273$125,074$0$44,739,056
83$70,793,512$0$0$49,101,970
84$77,776,494$0$0$53,924,356
85$85,464,245$0$0$59,259,363
86$93,928,415$0$0$65,133,333
87$103,247,955$0$0$71,601,079
88$113,509,862$0$0$78,722,995
89$124,809,998$0$0$86,565,633
90$137,253,994$0$0$95,202,326
91$150,958,249$0$0$104,713,882
92$166,051,026$0$0$115,189,345
93$182,673,659$0$0$126,726,838
94$200,981,892$0$0$139,434,482
95$221,147,344$0$0$153,431,423
96$243,359,128$0$0$168,848,953
97$267,825,639$0$0$185,831,748
98$294,776,517$0$0$204,539,235
99$324,464,813$0$0$225,147,093
100$357,169,379$0$0$247,848,917