Can I retire at age 40 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$146,165$144,863$143,593$142,353$141,142$137,507
2 years$72,359$71,011$69,705$68,439$67,211$63,572
3 years$47,760$46,407$45,104$43,849$42,641$39,114
4 years$35,463$34,114$32,824$31,591$30,412$27,023
5 years$28,087$26,746$25,473$24,265$23,119$19,877
6 years$23,171$21,840$20,586$19,405$18,293$15,201
7 years$19,661$18,341$17,107$15,954$14,877$11,936
8 years$17,030$15,722$14,508$13,383$12,342$9,550
9 years$14,984$13,689$12,496$11,400$10,394$7,749
10 years$13,349$12,066$10,894$9,827$8,856$6,355
11 years$12,012$10,741$9,591$8,552$7,616$5,256
12 years$10,898$9,641$8,512$7,501$6,600$4,375
13 years$9,957$8,713$7,605$6,623$5,756$3,662
14 years$9,150$7,920$6,833$5,879$5,045$3,078
15 years$8,452$7,235$6,169$5,243$4,442$2,597
16 years$7,842$6,638$5,593$4,694$3,926$2,197
17 years$7,304$6,113$5,090$4,218$3,481$1,864
18 years$6,826$5,649$4,646$3,801$3,095$1,584
19 years$6,399$5,235$4,253$3,435$2,759$1,349
20 years$6,016$4,865$3,904$3,111$2,464$1,150
21 years$5,669$4,531$3,590$2,823$2,205$982
22 years$5,354$4,230$3,309$2,567$1,977$839
23 years$5,067$3,956$3,055$2,338$1,774$718
24 years$4,805$3,707$2,826$2,132$1,595$614
25 years$4,563$3,478$2,617$1,947$1,435$526
26 years$4,341$3,269$2,427$1,780$1,293$451
27 years$4,135$3,077$2,254$1,630$1,166$387
28 years$3,945$2,899$2,095$1,493$1,052$332
29 years$3,768$2,735$1,950$1,369$950$285
30 years$3,603$2,583$1,816$1,257$858$244
31 years$3,449$2,442$1,693$1,154$776$210
32 years$3,305$2,310$1,580$1,061$702$180
33 years$3,170$2,188$1,475$975$635$155
34 years$3,043$2,074$1,378$897$575$133
35 years$2,924$1,967$1,289$826$521$114
36 years$2,811$1,867$1,205$761$472$98
37 years$2,705$1,773$1,128$701$428$84
38 years$2,605$1,685$1,057$646$388$72
39 years$2,510$1,602$990$596$352$62
40 years$2,420$1,524$928$550$319$54
41 years$2,335$1,451$870$507$289$46
42 years$2,253$1,382$816$468$263$40
43 years$2,176$1,317$766$432$238$34
44 years$2,103$1,255$719$399$216$29
45 years$2,033$1,197$675$368$196$25
46 years$1,966$1,142$634$340$178$22
47 years$1,903$1,090$596$314$162$19
48 years$1,842$1,040$560$290$147$16
49 years$1,784$993$526$268$134$14
50 years$1,728$949$495$248$121$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,770,000, adding $6,351 every year, while hoping to spend $29,707 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: 77/11/12 Blend
39$1,770,000$1,770,000$1,770,000$1,770,000
40$1,957,091$1,863,281$1,835,846$2,102,780
41$2,125,106$1,922,974$1,865,739$2,259,299
42$2,309,264$1,984,596$1,895,637$2,426,469
43$2,511,178$2,048,210$1,925,511$2,608,937
44$2,732,628$2,113,883$1,955,325$2,808,215
45$2,975,573$2,181,680$1,985,046$3,025,969
46$3,242,172$2,251,672$2,014,635$3,264,034
47$3,534,800$2,323,932$2,044,053$3,524,430
48$3,856,078$2,398,533$2,073,256$3,809,382
49$4,208,889$2,475,552$2,102,202$4,121,342
50$4,596,411$2,555,069$2,130,840$4,463,010
51$5,022,144$2,637,166$2,159,122$4,837,357
52$5,489,943$2,721,928$2,186,994$5,247,661
53$6,004,058$2,809,443$2,214,399$5,697,528
54$6,569,168$2,899,802$2,241,277$6,190,934
55$7,190,429$2,993,098$2,267,566$6,732,255
56$7,873,522$3,089,429$2,293,198$7,326,317
57$8,624,705$3,188,895$2,318,104$7,978,431
58$9,450,873$3,291,599$2,342,209$8,694,452
59$10,359,623$3,397,648$2,365,434$9,480,829
60$11,359,326$3,507,154$2,387,697$10,344,667
61$12,459,204$3,620,231$2,408,912$11,293,794
62$13,669,418$3,736,998$2,428,985$12,336,835
63$15,001,164$3,857,576$2,447,822$13,483,292
64$16,466,778$3,982,093$2,465,319$14,743,635
65$18,079,853$4,110,679$2,481,371$16,129,401
66$19,855,366$4,243,470$2,495,865$17,653,299
67$21,809,819$4,380,606$2,508,682$19,329,335
68$23,961,396$4,522,232$2,519,699$21,172,939
69$26,330,134$4,668,497$2,528,785$23,201,114
70$28,938,111$4,819,556$2,535,802$25,432,597
71$31,809,653$4,975,569$2,540,606$27,888,029
72$34,971,569$5,136,703$2,543,048$30,590,159
73$38,453,396$5,303,128$2,542,966$33,564,051
74$42,287,683$5,475,022$2,540,197$36,837,324
75$46,510,296$5,652,568$2,534,563$40,440,413
76$51,160,758$5,835,956$2,525,883$44,406,852
77$56,282,620$6,025,382$2,513,964$48,773,595
78$61,923,870$6,221,049$2,498,605$53,581,362
79$68,137,391$6,423,166$2,479,594$58,875,024
80$74,981,456$6,631,952$2,456,712$64,704,025
81$82,520,278$6,847,632$2,429,725$71,122,851
82$90,824,617$7,070,437$2,398,392$78,191,541
83$99,972,448$7,300,608$2,362,458$85,976,257
84$110,049,695$7,538,395$2,321,657$94,549,904
85$121,151,043$7,784,055$2,275,712$103,992,823
86$133,380,831$8,037,856$2,224,330$114,393,544
87$146,854,037$8,300,072$2,167,207$125,849,625
88$161,697,364$8,570,991$2,104,023$138,468,572
89$178,050,434$8,850,908$2,034,446$152,368,852
90$196,067,104$9,140,128$1,958,126$167,681,013
91$215,916,924$9,438,970$1,874,699$184,548,916
92$237,786,731$9,747,760$1,783,782$203,131,091
93$261,882,416$10,066,839$1,684,977$223,602,234
94$288,430,866$10,396,558$1,577,868$246,154,858
95$317,682,106$10,737,281$1,462,018$271,001,107
96$349,911,659$11,089,385$1,336,974$298,374,760
97$385,423,144$11,453,261$1,202,258$328,533,438
98$424,551,146$11,829,313$1,057,375$361,761,034
99$467,664,372$12,217,958$901,806$398,370,396
100$515,169,131$12,619,631$735,010$438,706,276