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%11.7%
1 years$151,945$150,592$149,272$147,983$146,724$145,677
2 years$75,221$73,820$72,462$71,146$69,869$68,813
3 years$49,649$48,242$46,888$45,584$44,328$43,296
4 years$36,866$35,463$34,122$32,840$31,615$30,615
5 years$29,198$27,803$26,480$25,225$24,033$23,068
6 years$24,087$22,704$21,400$20,172$19,017$18,088
7 years$20,438$19,066$17,783$16,585$15,466$14,573
8 years$17,703$16,343$15,082$13,913$12,830$11,974
9 years$15,577$14,230$12,990$11,850$10,805$9,985
10 years$13,877$12,543$11,325$10,215$9,206$8,423
11 years$12,487$11,166$9,970$8,890$7,918$7,169
12 years$11,329$10,022$8,848$7,798$6,861$6,147
13 years$10,350$9,057$7,905$6,884$5,983$5,303
14 years$9,512$8,233$7,103$6,111$5,245$4,598
15 years$8,786$7,521$6,413$5,450$4,618$4,003
16 years$8,152$6,900$5,814$4,880$4,081$3,498
17 years$7,593$6,355$5,291$4,385$3,619$3,066
18 years$7,096$5,872$4,830$3,951$3,218$2,694
19 years$6,652$5,442$4,422$3,570$2,868$2,372
20 years$6,254$5,057$4,058$3,234$2,562$2,093
21 years$5,893$4,711$3,732$2,935$2,292$1,850
22 years$5,566$4,397$3,440$2,668$2,055$1,638
23 years$5,268$4,113$3,176$2,430$1,845$1,452
24 years$4,995$3,853$2,938$2,216$1,658$1,288
25 years$4,744$3,616$2,721$2,024$1,492$1,144
26 years$4,513$3,398$2,523$1,851$1,344$1,017
27 years$4,299$3,198$2,343$1,694$1,212$905
28 years$4,101$3,014$2,178$1,552$1,093$806
29 years$3,917$2,843$2,027$1,423$987$718
30 years$3,745$2,685$1,888$1,306$892$640
31 years$3,585$2,538$1,760$1,200$806$570
32 years$3,436$2,402$1,642$1,103$729$509
33 years$3,295$2,274$1,533$1,014$660$454
34 years$3,163$2,156$1,433$933$598$405
35 years$3,039$2,045$1,340$859$541$362
36 years$2,922$1,941$1,253$791$491$323
37 years$2,812$1,843$1,173$729$445$289
38 years$2,708$1,752$1,098$672$403$258
39 years$2,609$1,666$1,029$619$365$231
40 years$2,516$1,585$965$571$332$206
41 years$2,427$1,509$904$527$301$185
42 years$2,343$1,437$848$486$273$165
43 years$2,262$1,369$796$449$248$148
44 years$2,186$1,305$747$415$225$132
45 years$2,114$1,244$702$383$204$118
46 years$2,044$1,187$659$354$185$106
47 years$1,978$1,133$619$327$168$95
48 years$1,915$1,081$582$302$153$85
49 years$1,854$1,033$547$279$139$76
50 years$1,796$986$514$258$126$68

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 $2,223 every year, while hoping to spend $34,960 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: 51/22/27 Blend
39$1,840,000$1,840,000$1,840,000$1,840,000
40$2,029,973$1,932,453$1,903,933$2,117,975
41$2,199,833$1,989,946$1,930,518$2,236,964
42$2,385,847$2,049,085$1,956,821$2,362,579
43$2,589,626$2,109,912$1,982,797$2,498,480
44$2,812,944$2,172,474$2,008,397$2,645,660
45$3,057,754$2,236,815$2,033,568$2,805,213
46$3,326,208$2,302,982$2,058,256$2,978,344
47$3,620,677$2,371,023$2,082,402$3,166,380
48$3,943,769$2,440,987$2,105,947$3,370,783
49$4,298,362$2,512,924$2,128,824$3,593,160
50$4,687,621$2,586,883$2,150,966$3,835,287
51$5,115,036$2,662,918$2,172,300$4,099,114
52$5,584,449$2,741,080$2,192,752$4,386,794
53$6,100,094$2,821,425$2,212,241$4,700,695
54$6,666,635$2,904,006$2,230,682$5,043,429
55$7,289,210$2,988,880$2,247,988$5,417,871
56$7,973,478$3,076,104$2,264,064$5,827,189
57$8,725,676$3,165,737$2,278,814$6,274,874
58$9,552,674$3,257,836$2,292,133$6,764,773
59$10,462,040$3,352,464$2,303,913$7,301,123
60$11,462,114$3,449,681$2,314,040$7,888,594
61$12,562,084$3,549,549$2,322,394$8,532,329
62$13,772,071$3,652,132$2,328,849$9,237,998
63$15,103,230$3,757,494$2,333,273$10,011,847
64$16,567,849$3,865,700$2,335,527$10,860,760
65$18,179,468$3,976,818$2,335,466$11,792,320
66$19,953,005$4,090,914$2,332,936$12,814,886
67$21,904,899$4,208,056$2,327,777$13,937,667
68$24,053,262$4,328,314$2,319,820$15,170,811
69$26,418,051$4,451,758$2,308,890$16,525,503
70$29,021,257$4,578,458$2,294,802$18,014,065
71$31,887,108$4,708,486$2,277,362$19,650,080
72$35,042,306$4,841,914$2,256,366$21,448,511
73$38,516,270$4,978,816$2,231,602$23,425,852
74$42,341,416$5,119,265$2,202,848$25,600,277
75$46,553,467$5,263,336$2,169,870$27,991,815
76$51,191,784$5,411,102$2,132,424$30,622,535
77$56,299,739$5,562,640$2,090,254$33,516,762
78$61,925,128$5,718,024$2,043,092$36,701,300
79$68,120,615$5,877,331$1,990,660$40,205,687
80$74,944,234$6,040,637$1,932,663$44,062,474
81$82,459,934$6,208,017$1,868,796$48,307,537
82$90,738,185$6,379,547$1,798,738$52,980,407
83$99,856,639$6,555,303$1,722,154$58,124,651
84$109,900,864$6,735,361$1,638,695$63,788,281
85$120,965,154$6,919,796$1,547,993$70,024,206
86$133,153,415$7,108,681$1,449,666$76,890,736
87$146,580,148$7,302,091$1,343,314$84,452,126
88$161,371,527$7,500,098$1,228,520$92,779,191
89$177,666,594$7,702,774$1,104,847$101,949,970
90$195,618,566$7,910,190$971,838$112,050,462
91$215,396,283$8,122,412$829,018$123,175,443
92$237,185,803$8,339,510$675,889$135,429,358
93$261,192,156$8,561,546$511,932$148,927,308
94$287,641,279$8,788,585$336,605$163,796,138
95$316,782,149$9,020,685$149,341$180,175,634
96$348,889,134$9,257,905$0$198,219,846
97$384,264,580$9,500,297$0$218,113,088
98$423,241,668$9,747,912$0$240,074,757
99$466,187,555$10,000,796$0$264,268,142
100$513,506,842$10,258,992$0$290,920,648