Can I retire at age 40 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$147,817$146,500$145,215$143,961$142,737$139,005
2 years$73,176$71,814$70,493$69,212$67,970$64,235
3 years$48,300$46,931$45,614$44,345$43,123$39,502
4 years$35,864$34,499$33,195$31,948$30,756$27,277
5 years$28,404$27,048$25,761$24,539$23,380$20,053
6 years$23,433$22,087$20,818$19,624$18,500$15,328
7 years$19,883$18,548$17,300$16,134$15,045$12,029
8 years$17,222$15,899$14,672$13,534$12,482$9,619
9 years$15,153$13,843$12,637$11,528$10,511$7,800
10 years$13,500$12,202$11,017$9,938$8,956$6,393
11 years$12,147$10,863$9,699$8,649$7,703$5,283
12 years$11,021$9,750$8,608$7,586$6,675$4,396
13 years$10,069$8,811$7,691$6,697$5,821$3,676
14 years$9,254$8,009$6,910$5,945$5,102$3,088
15 years$8,548$7,316$6,239$5,302$4,492$2,603
16 years$7,930$6,713$5,656$4,747$3,970$2,201
17 years$7,386$6,182$5,147$4,265$3,520$1,866
18 years$6,903$5,713$4,699$3,844$3,130$1,585
19 years$6,472$5,294$4,301$3,473$2,790$1,348
20 years$6,084$4,920$3,948$3,146$2,492$1,149
21 years$5,733$4,583$3,631$2,855$2,230$980
22 years$5,415$4,278$3,347$2,596$1,999$837
23 years$5,125$4,001$3,090$2,364$1,794$715
24 years$4,859$3,748$2,858$2,156$1,613$612
25 years$4,615$3,518$2,647$1,969$1,451$523
26 years$4,390$3,306$2,455$1,801$1,307$448
27 years$4,182$3,111$2,279$1,648$1,179$384
28 years$3,990$2,932$2,119$1,510$1,064$329
29 years$3,810$2,766$1,972$1,385$960$282
30 years$3,644$2,612$1,837$1,271$868$242
31 years$3,488$2,469$1,712$1,167$785$208
32 years$3,342$2,336$1,598$1,073$710$178
33 years$3,206$2,213$1,492$986$642$153
34 years$3,077$2,097$1,394$908$581$131
35 years$2,957$1,989$1,303$835$527$113
36 years$2,843$1,888$1,219$769$477$97
37 years$2,736$1,793$1,141$709$432$83
38 years$2,634$1,704$1,069$653$392$71
39 years$2,538$1,620$1,001$602$356$61
40 years$2,447$1,542$938$556$323$53
41 years$2,361$1,468$880$513$293$45
42 years$2,279$1,398$825$473$265$39
43 years$2,201$1,332$774$437$241$33
44 years$2,127$1,269$727$403$219$29
45 years$2,056$1,210$683$372$199$25
46 years$1,989$1,155$641$344$180$21
47 years$1,924$1,102$602$318$164$18
48 years$1,863$1,052$566$294$149$16
49 years$1,804$1,005$532$271$135$13
50 years$1,748$960$500$251$123$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,790,000, adding $5,956 every year, while hoping to spend $38,213 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: 53/32/15 Blend
39$1,790,000$1,790,000$1,790,000$1,790,000
40$1,978,724$1,883,854$1,856,109$2,075,349
41$2,139,895$1,935,504$1,877,630$2,193,657
42$2,316,225$1,988,405$1,898,591$2,317,747
43$2,509,220$2,042,576$1,918,934$2,451,904
44$2,720,538$2,098,040$1,938,596$2,597,094
45$2,952,004$2,154,815$1,957,510$2,754,380
46$3,205,630$2,212,923$1,975,608$2,924,933
47$3,483,631$2,272,382$1,992,817$3,110,041
48$3,788,444$2,333,212$2,009,060$3,311,123
49$4,122,758$2,395,432$2,024,256$3,529,742
50$4,489,530$2,459,059$2,038,319$3,767,620
51$4,892,019$2,524,110$2,051,160$4,026,652
52$5,333,816$2,590,603$2,062,685$4,308,926
53$5,818,875$2,658,552$2,072,795$4,616,741
54$6,351,552$2,727,973$2,081,385$4,952,629
55$6,936,645$2,798,878$2,088,346$5,319,383
56$7,579,441$2,871,281$2,093,564$5,720,075
57$8,285,762$2,945,192$2,096,916$6,158,092
58$9,062,025$3,020,621$2,098,278$6,637,164
59$9,915,296$3,097,576$2,097,515$7,161,402
60$10,853,363$3,176,064$2,094,488$7,735,334
61$11,884,804$3,256,089$2,089,051$8,363,950
62$13,019,070$3,337,654$2,081,051$9,052,747
63$14,266,575$3,420,759$2,070,326$9,807,782
64$15,638,792$3,505,402$2,056,708$10,635,731
65$17,148,361$3,591,579$2,040,020$11,543,946
66$18,809,210$3,679,282$2,020,077$12,540,532
67$20,636,685$3,768,503$1,996,685$13,634,418
68$22,647,693$3,859,226$1,969,641$14,835,443
69$24,860,866$3,951,436$1,938,732$16,154,452
70$27,296,730$4,045,112$1,903,735$17,603,390
71$29,977,904$4,140,231$1,864,418$19,195,426
72$32,929,311$4,236,762$1,820,536$20,945,069
73$36,178,411$4,334,674$1,771,834$22,868,306
74$39,755,464$4,433,928$1,718,046$24,982,757
75$43,693,813$4,534,482$1,658,892$27,307,839
76$48,030,197$4,636,287$1,594,080$29,864,948
77$52,805,099$4,739,287$1,523,304$32,677,665
78$58,063,131$4,843,424$1,446,246$35,771,973
79$63,853,446$4,948,628$1,362,572$39,176,510
80$70,230,212$5,054,825$1,271,932$42,922,832
81$77,253,116$5,161,933$1,173,963$47,045,716
82$84,987,927$5,269,861$1,068,285$51,583,488
83$93,507,121$5,378,510$954,498$56,578,381
84$102,890,561$5,487,771$832,187$62,076,941
85$113,226,252$5,597,525$700,920$68,130,461
86$124,611,171$5,707,645$560,241$74,795,467
87$137,152,180$5,817,989$409,679$82,134,255
88$150,967,038$5,928,407$248,739$90,215,476
89$166,185,510$6,038,733$76,906$99,114,784
90$182,950,591$6,148,790$0$108,915,554
91$201,419,856$6,258,385$0$119,726,711
92$221,766,948$6,367,312$0$131,646,713
93$244,183,215$6,475,348$0$144,774,923
94$268,879,516$6,582,254$0$159,234,415
95$296,088,212$6,687,770$0$175,160,814
96$326,065,359$6,791,620$0$192,703,579
97$359,093,125$6,893,508$0$212,027,411
98$395,482,448$6,993,115$0$233,313,812
99$435,575,981$7,090,101$0$256,762,794
100$479,751,315$7,184,099$0$282,594,772