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

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$147,817$146,500$145,215$143,961$142,737$139,741
2 years$73,176$71,814$70,493$69,212$67,970$64,966
3 years$48,300$46,931$45,614$44,345$43,123$40,204
4 years$35,864$34,499$33,195$31,948$30,756$27,945
5 years$28,404$27,048$25,761$24,539$23,380$20,685
6 years$23,433$22,087$20,818$19,624$18,500$15,923
7 years$19,883$18,548$17,300$16,134$15,045$12,588
8 years$17,222$15,899$14,672$13,534$12,482$10,143
9 years$15,153$13,843$12,637$11,528$10,511$8,289
10 years$13,500$12,202$11,017$9,938$8,956$6,849
11 years$12,147$10,863$9,699$8,649$7,703$5,707
12 years$11,021$9,750$8,608$7,586$6,675$4,789
13 years$10,069$8,811$7,691$6,697$5,821$4,040
14 years$9,254$8,009$6,910$5,945$5,102$3,424
15 years$8,548$7,316$6,239$5,302$4,492$2,913
16 years$7,930$6,713$5,656$4,747$3,970$2,486
17 years$7,386$6,182$5,147$4,265$3,520$2,127
18 years$6,903$5,713$4,699$3,844$3,130$1,824
19 years$6,472$5,294$4,301$3,473$2,790$1,567
20 years$6,084$4,920$3,948$3,146$2,492$1,348
21 years$5,733$4,583$3,631$2,855$2,230$1,161
22 years$5,415$4,278$3,347$2,596$1,999$1,002
23 years$5,125$4,001$3,090$2,364$1,794$865
24 years$4,859$3,748$2,858$2,156$1,613$748
25 years$4,615$3,518$2,647$1,969$1,451$646
26 years$4,390$3,306$2,455$1,801$1,307$559
27 years$4,182$3,111$2,279$1,648$1,179$484
28 years$3,990$2,932$2,119$1,510$1,064$420
29 years$3,810$2,766$1,972$1,385$960$364
30 years$3,644$2,612$1,837$1,271$868$315
31 years$3,488$2,469$1,712$1,167$785$273
32 years$3,342$2,336$1,598$1,073$710$237
33 years$3,206$2,213$1,492$986$642$206
34 years$3,077$2,097$1,394$908$581$178
35 years$2,957$1,989$1,303$835$527$155
36 years$2,843$1,888$1,219$769$477$134
37 years$2,736$1,793$1,141$709$432$117
38 years$2,634$1,704$1,069$653$392$101
39 years$2,538$1,620$1,001$602$356$88
40 years$2,447$1,542$938$556$323$76
41 years$2,361$1,468$880$513$293$66
42 years$2,279$1,398$825$473$265$58
43 years$2,201$1,332$774$437$241$50
44 years$2,127$1,269$727$403$219$43
45 years$2,056$1,210$683$372$199$38
46 years$1,989$1,155$641$344$180$33
47 years$1,924$1,102$602$318$164$28
48 years$1,863$1,052$566$294$149$25
49 years$1,804$1,005$532$271$135$21
50 years$1,748$960$500$251$123$19

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 $2,532 every year, while hoping to spend $24,879 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: 48/38/14 Blend
39$1,790,000$1,790,000$1,790,000$1,790,000
40$1,975,192$1,880,322$1,852,577$2,062,192
41$2,150,190$1,945,986$1,888,167$2,188,186
42$2,342,205$2,014,035$1,924,116$2,322,141
43$2,552,945$2,084,558$1,960,409$2,467,039
44$2,784,293$2,157,649$1,997,030$2,623,911
45$3,038,323$2,233,406$2,033,963$2,793,892
46$3,317,321$2,311,932$2,071,190$2,978,227
47$3,623,803$2,393,331$2,108,689$3,178,287
48$3,960,541$2,477,715$2,146,441$3,395,580
49$4,330,591$2,565,198$2,184,422$3,631,764
50$4,737,317$2,655,898$2,222,606$3,888,663
51$5,184,427$2,749,941$2,260,967$4,168,284
52$5,676,005$2,847,455$2,299,475$4,472,834
53$6,216,551$2,948,574$2,338,102$4,804,743
54$6,811,024$3,053,438$2,376,812$5,166,684
55$7,464,884$3,162,192$2,415,571$5,561,600
56$8,184,151$3,274,989$2,454,342$5,992,729
57$8,975,456$3,391,984$2,493,083$6,463,636
58$9,846,103$3,513,343$2,531,753$6,978,244
59$10,804,145$3,639,235$2,570,305$7,540,873
60$11,858,449$3,769,839$2,608,692$8,156,279
61$13,018,789$3,905,340$2,646,862$8,829,697
62$14,295,934$4,045,929$2,684,759$9,566,892
63$15,701,747$4,191,808$2,722,327$10,374,213
64$17,249,304$4,343,186$2,759,504$11,258,650
65$18,953,011$4,500,279$2,796,225$12,227,899
66$20,828,740$4,663,315$2,832,420$13,290,437
67$22,893,982$4,832,529$2,868,018$14,455,602
68$25,168,012$5,008,166$2,902,940$15,733,673
69$27,672,067$5,190,484$2,937,106$17,135,976
70$30,429,548$5,379,748$2,970,429$18,674,983
71$33,466,243$5,576,236$3,002,819$20,364,431
72$36,810,566$5,780,238$3,034,180$22,219,454
73$40,493,829$5,992,055$3,064,410$24,256,719
74$44,550,535$6,212,001$3,093,404$26,494,587
75$49,018,705$6,440,405$3,121,048$28,953,284
76$53,940,235$6,677,607$3,147,225$31,655,091
77$59,361,292$6,923,962$3,171,810$34,624,551
78$65,332,750$7,179,843$3,194,672$37,888,705
79$71,910,670$7,445,635$3,215,673$41,477,340
80$79,156,829$7,721,741$3,234,668$45,423,273
81$87,139,300$8,008,581$3,251,505$49,762,659
82$95,933,100$8,306,593$3,266,022$54,535,330
83$105,620,894$8,616,234$3,278,051$59,785,170
84$116,293,776$8,937,980$3,287,416$65,560,529
85$128,052,127$9,272,327$3,293,931$71,914,675
86$141,006,567$9,619,793$3,297,400$78,906,300
87$155,278,992$9,980,919$3,297,619$86,600,069
88$171,003,732$10,356,267$3,294,372$95,067,230
89$188,328,814$10,746,425$3,287,434$104,386,285
90$207,417,359$11,152,006$3,276,569$114,643,730
91$228,449,124$11,573,649$3,261,529$125,934,867
92$251,622,198$12,012,021$3,242,054$138,364,706
93$277,154,871$12,467,818$3,217,871$152,048,953
94$305,287,693$12,941,766$3,188,695$167,115,096
95$336,285,748$13,434,623$3,154,226$183,703,615
96$370,441,154$13,947,180$3,114,153$201,969,297
97$408,075,821$14,480,260$3,068,146$222,082,702
98$449,544,488$15,034,727$3,015,862$244,231,767
99$495,238,075$15,611,478$2,956,943$268,623,579
100$545,587,369$16,211,450$2,891,011$295,486,327