Can I retire at age 40 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$151,945$150,592$149,272$147,983$146,724$141,350
2 years$75,221$73,820$72,462$71,146$69,869$64,514
3 years$49,649$48,242$46,888$45,584$44,328$39,161
4 years$36,866$35,463$34,122$32,840$31,615$26,675
5 years$29,198$27,803$26,480$25,225$24,033$19,334
6 years$24,087$22,704$21,400$20,172$19,017$14,561
7 years$20,438$19,066$17,783$16,585$15,466$11,253
8 years$17,703$16,343$15,082$13,913$12,830$8,856
9 years$15,577$14,230$12,990$11,850$10,805$7,064
10 years$13,877$12,543$11,325$10,215$9,206$5,692
11 years$12,487$11,166$9,970$8,890$7,918$4,623
12 years$11,329$10,022$8,848$7,798$6,861$3,778
13 years$10,350$9,057$7,905$6,884$5,983$3,103
14 years$9,512$8,233$7,103$6,111$5,245$2,558
15 years$8,786$7,521$6,413$5,450$4,618$2,116
16 years$8,152$6,900$5,814$4,880$4,081$1,754
17 years$7,593$6,355$5,291$4,385$3,619$1,458
18 years$7,096$5,872$4,830$3,951$3,218$1,213
19 years$6,652$5,442$4,422$3,570$2,868$1,012
20 years$6,254$5,057$4,058$3,234$2,562$844
21 years$5,893$4,711$3,732$2,935$2,292$705
22 years$5,566$4,397$3,440$2,668$2,055$590
23 years$5,268$4,113$3,176$2,430$1,845$493
24 years$4,995$3,853$2,938$2,216$1,658$413
25 years$4,744$3,616$2,721$2,024$1,492$346
26 years$4,513$3,398$2,523$1,851$1,344$290
27 years$4,299$3,198$2,343$1,694$1,212$243
28 years$4,101$3,014$2,178$1,552$1,093$204
29 years$3,917$2,843$2,027$1,423$987$171
30 years$3,745$2,685$1,888$1,306$892$143
31 years$3,585$2,538$1,760$1,200$806$120
32 years$3,436$2,402$1,642$1,103$729$101
33 years$3,295$2,274$1,533$1,014$660$85
34 years$3,163$2,156$1,433$933$598$71
35 years$3,039$2,045$1,340$859$541$60
36 years$2,922$1,941$1,253$791$491$50
37 years$2,812$1,843$1,173$729$445$42
38 years$2,708$1,752$1,098$672$403$35
39 years$2,609$1,666$1,029$619$365$30
40 years$2,516$1,585$965$571$332$25
41 years$2,427$1,509$904$527$301$21
42 years$2,343$1,437$848$486$273$18
43 years$2,262$1,369$796$449$248$15
44 years$2,186$1,305$747$415$225$12
45 years$2,114$1,244$702$383$204$10
46 years$2,044$1,187$659$354$185$9
47 years$1,978$1,133$619$327$168$7
48 years$1,915$1,081$582$302$153$6
49 years$1,854$1,033$547$279$139$5
50 years$1,796$986$514$258$126$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,840,000, adding $3,182 every year, while hoping to spend $30,035 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: 41/32/27 Blend
39$1,840,000$1,840,000$1,840,000$1,840,000
40$2,030,962$1,933,442$1,904,922$2,097,988
41$2,206,163$1,996,224$1,936,780$2,209,457
42$2,398,228$2,061,075$1,968,699$2,326,978
43$2,608,846$2,128,066$2,000,648$2,453,611
44$2,839,875$2,197,268$2,032,597$2,590,211
45$3,093,364$2,268,756$2,064,511$2,737,719
46$3,371,570$2,342,608$2,096,354$2,897,170
47$3,676,977$2,418,903$2,128,089$3,069,703
48$4,012,323$2,497,723$2,159,675$3,256,572
49$4,380,624$2,579,156$2,191,068$3,459,156
50$4,785,201$2,663,288$2,222,222$3,678,973
51$5,229,715$2,750,212$2,253,089$3,917,694
52$5,718,196$2,840,023$2,283,618$4,177,157
53$6,255,086$2,932,818$2,313,754$4,459,388
54$6,845,279$3,028,700$2,343,438$4,766,615
55$7,494,164$3,127,773$2,372,611$5,101,292
56$8,207,682$3,230,147$2,401,206$5,466,122
57$8,992,376$3,335,935$2,429,157$5,864,079
58$9,855,455$3,445,253$2,456,391$6,298,441
59$10,804,863$3,558,222$2,482,831$6,772,815
60$11,849,352$3,674,967$2,508,398$7,291,176
61$12,998,563$3,795,617$2,533,007$7,857,901
62$14,263,122$3,920,308$2,556,568$8,477,809
63$15,654,735$4,049,178$2,578,988$9,156,212
64$17,186,302$4,182,372$2,600,168$9,898,957
65$18,872,034$4,320,037$2,620,003$10,712,487
66$20,727,591$4,462,329$2,638,383$11,603,900
67$22,770,230$4,609,407$2,655,193$12,581,012
68$25,018,963$4,761,437$2,670,311$13,652,437
69$27,494,741$4,918,592$2,683,611$14,827,663
70$30,220,649$5,081,048$2,694,957$16,117,141
71$33,222,126$5,248,990$2,704,208$17,532,390
72$36,527,201$5,422,608$2,711,217$19,086,095
73$40,166,761$5,602,101$2,715,828$20,792,235
74$44,174,840$5,787,674$2,717,878$22,666,210
75$48,588,941$5,979,538$2,717,195$24,724,991
76$53,450,392$6,177,914$2,713,600$26,987,271
77$58,804,730$6,383,030$2,706,903$29,473,651
78$64,702,136$6,595,122$2,696,908$32,206,828
79$71,197,906$6,814,435$2,683,407$35,211,809
80$78,352,974$7,041,223$2,666,182$38,516,152
81$86,234,484$7,275,750$2,645,006$42,150,217
82$94,916,428$7,518,288$2,619,640$46,147,461
83$104,480,340$7,769,121$2,589,834$50,544,749
84$115,016,067$8,028,540$2,555,326$55,382,701
85$126,622,619$8,296,852$2,515,843$60,706,076
86$139,409,099$8,574,370$2,471,096$66,564,197
87$153,495,735$8,861,423$2,420,786$73,011,410
88$169,015,016$9,158,348$2,364,599$80,107,604
89$186,112,939$9,465,499$2,302,204$87,918,769
90$204,950,390$9,783,239$2,233,259$96,517,623
91$225,704,659$10,111,948$2,157,403$105,984,297
92$248,571,118$10,452,017$2,074,259$116,407,089
93$273,765,060$10,803,854$1,983,435$127,883,303
94$301,523,734$11,167,880$1,884,518$140,520,157
95$332,108,584$11,544,536$1,777,079$154,435,806
96$365,807,716$11,934,274$1,660,667$169,760,449
97$402,938,617$12,337,568$1,534,814$186,637,560
98$443,851,154$12,754,906$1,399,027$205,225,244
99$488,930,871$13,186,796$1,252,795$225,697,726
100$538,602,638$13,633,767$1,095,581$248,246,998