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%16.4%
1 years$151,945$150,592$149,272$147,983$146,724$142,887
2 years$75,221$73,820$72,462$71,146$69,869$66,029
3 years$49,649$48,242$46,888$45,584$44,328$40,606
4 years$36,866$35,463$34,122$32,840$31,615$28,039
5 years$29,198$27,803$26,480$25,225$24,033$20,613
6 years$24,087$22,704$21,400$20,172$19,017$15,756
7 years$20,438$19,066$17,783$16,585$15,466$12,365
8 years$17,703$16,343$15,082$13,913$12,830$9,888
9 years$15,577$14,230$12,990$11,850$10,805$8,018
10 years$13,877$12,543$11,325$10,215$9,206$6,571
11 years$12,487$11,166$9,970$8,890$7,918$5,431
12 years$11,329$10,022$8,848$7,798$6,861$4,518
13 years$10,350$9,057$7,905$6,884$5,983$3,779
14 years$9,512$8,233$7,103$6,111$5,245$3,174
15 years$8,786$7,521$6,413$5,450$4,618$2,676
16 years$8,152$6,900$5,814$4,880$4,081$2,263
17 years$7,593$6,355$5,291$4,385$3,619$1,918
18 years$7,096$5,872$4,830$3,951$3,218$1,629
19 years$6,652$5,442$4,422$3,570$2,868$1,386
20 years$6,254$5,057$4,058$3,234$2,562$1,181
21 years$5,893$4,711$3,732$2,935$2,292$1,007
22 years$5,566$4,397$3,440$2,668$2,055$860
23 years$5,268$4,113$3,176$2,430$1,845$735
24 years$4,995$3,853$2,938$2,216$1,658$629
25 years$4,744$3,616$2,721$2,024$1,492$538
26 years$4,513$3,398$2,523$1,851$1,344$461
27 years$4,299$3,198$2,343$1,694$1,212$395
28 years$4,101$3,014$2,178$1,552$1,093$338
29 years$3,917$2,843$2,027$1,423$987$290
30 years$3,745$2,685$1,888$1,306$892$249
31 years$3,585$2,538$1,760$1,200$806$213
32 years$3,436$2,402$1,642$1,103$729$183
33 years$3,295$2,274$1,533$1,014$660$157
34 years$3,163$2,156$1,433$933$598$135
35 years$3,039$2,045$1,340$859$541$116
36 years$2,922$1,941$1,253$791$491$99
37 years$2,812$1,843$1,173$729$445$85
38 years$2,708$1,752$1,098$672$403$73
39 years$2,609$1,666$1,029$619$365$63
40 years$2,516$1,585$965$571$332$54
41 years$2,427$1,509$904$527$301$46
42 years$2,343$1,437$848$486$273$40
43 years$2,262$1,369$796$449$248$34
44 years$2,186$1,305$747$415$225$29
45 years$2,114$1,244$702$383$204$25
46 years$2,044$1,187$659$354$185$22
47 years$1,978$1,133$619$327$168$19
48 years$1,915$1,081$582$302$153$16
49 years$1,854$1,033$547$279$139$14
50 years$1,796$986$514$258$126$12

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 $6,494 every year, while hoping to spend $44,089 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: 50/24/26 Blend
39$1,840,000$1,840,000$1,840,000$1,840,000
40$2,034,379$1,936,859$1,908,339$2,120,877
41$2,194,975$1,984,854$1,925,358$2,229,854
42$2,370,474$2,033,724$1,941,469$2,343,292
43$2,562,350$2,083,464$1,956,596$2,465,712
44$2,772,226$2,134,070$1,970,657$2,597,985
45$3,001,886$2,185,533$1,983,568$2,741,069
46$3,253,300$2,237,845$1,995,239$2,896,024
47$3,528,632$2,290,995$2,005,574$3,064,013
48$3,830,267$2,344,969$2,014,477$3,246,322
49$4,160,834$2,399,752$2,021,841$3,444,367
50$4,523,225$2,455,325$2,027,559$3,659,707
51$4,920,626$2,511,668$2,031,514$3,894,063
52$5,356,547$2,568,757$2,033,587$4,149,329
53$5,834,854$2,626,565$2,033,651$4,427,595
54$6,359,804$2,685,062$2,031,573$4,731,165
55$6,936,087$2,744,213$2,027,214$5,062,576
56$7,568,871$2,803,982$2,020,428$5,424,626
57$8,263,845$2,864,327$2,011,062$5,820,401
58$9,027,279$2,925,201$1,998,955$6,253,299
59$9,866,080$2,986,554$1,983,938$6,727,069
60$10,787,857$3,048,332$1,965,837$7,245,841
61$11,800,991$3,110,473$1,944,465$7,814,170
62$12,914,717$3,172,911$1,919,629$8,437,075
63$14,139,208$3,235,574$1,891,127$9,120,090
64$15,485,675$3,298,384$1,858,747$9,869,314
65$16,966,465$3,361,256$1,822,267$10,691,471
66$18,595,186$3,424,099$1,781,454$11,593,973
67$20,386,827$3,486,812$1,736,065$12,584,989
68$22,357,906$3,549,289$1,685,846$13,673,525
69$24,526,622$3,611,413$1,630,531$14,869,507
70$26,913,024$3,673,060$1,569,841$16,183,879
71$29,539,208$3,734,095$1,503,486$17,628,702
72$32,429,516$3,794,374$1,431,161$19,217,271
73$35,610,770$3,853,742$1,352,548$20,964,240
74$39,112,525$3,912,032$1,267,316$22,885,765
75$42,967,348$3,969,067$1,175,116$24,999,650
76$47,211,121$4,024,654$1,075,585$27,325,522
77$51,883,383$4,078,590$968,346$29,885,014
78$57,027,703$4,130,656$853,000$32,701,970
79$62,692,089$4,180,618$729,135$35,802,674
80$68,929,440$4,228,226$596,319$39,216,095
81$75,798,048$4,273,214$454,101$42,974,162
82$83,362,144$4,315,297$302,009$47,112,071
83$91,692,508$4,354,173$139,552$51,668,611
84$100,867,134$4,389,517$0$56,686,540
85$110,971,963$4,420,985$0$62,222,362
86$122,101,702$4,448,211$0$68,360,562
87$134,360,707$4,470,806$0$75,119,785
88$147,863,977$4,488,353$0$82,563,291
89$162,738,233$4,500,412$0$90,760,790
90$179,123,115$4,506,515$0$99,789,105
91$197,172,501$4,506,162$0$109,732,895
92$217,055,957$4,498,825$0$120,685,458
93$238,960,339$4,483,942$0$132,749,608
94$263,091,555$4,460,917$0$146,038,650
95$289,676,510$4,429,117$0$160,677,446
96$318,965,242$4,387,873$0$176,803,598
97$351,233,290$4,336,471$0$194,568,746
98$386,784,286$4,274,159$0$214,140,003
99$425,952,828$4,200,138$0$235,701,527
100$469,107,633$4,113,561$0$259,456,266