Can I retire at age 40 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$155,249$153,866$152,517$151,200$149,914$144,710
2 years$76,856$75,424$74,037$72,692$71,388$66,199
3 years$50,728$49,291$47,907$46,575$45,291$40,280
4 years$37,667$36,234$34,864$33,554$32,302$27,507
5 years$29,832$28,408$27,056$25,773$24,556$19,989
6 years$24,611$23,197$21,865$20,611$19,430$15,096
7 years$20,883$19,481$18,170$16,945$15,802$11,700
8 years$18,088$16,699$15,410$14,215$13,109$9,235
9 years$15,915$14,539$13,272$12,108$11,040$7,389
10 years$14,178$12,816$11,571$10,437$9,406$5,973
11 years$12,758$11,409$10,187$9,084$8,090$4,867
12 years$11,575$10,240$9,041$7,967$7,010$3,991
13 years$10,575$9,254$8,077$7,034$6,113$3,288
14 years$9,719$8,412$7,257$6,244$5,359$2,720
15 years$8,977$7,684$6,553$5,569$4,718$2,258
16 years$8,329$7,050$5,941$4,986$4,170$1,879
17 years$7,758$6,493$5,406$4,480$3,697$1,567
18 years$7,250$6,000$4,935$4,037$3,288$1,310
19 years$6,797$5,560$4,518$3,648$2,930$1,096
20 years$6,390$5,167$4,146$3,304$2,617$918
21 years$6,021$4,813$3,814$2,999$2,342$770
22 years$5,687$4,493$3,515$2,726$2,100$646
23 years$5,382$4,202$3,245$2,483$1,885$543
24 years$5,103$3,937$3,001$2,265$1,694$456
25 years$4,847$3,695$2,780$2,068$1,524$384
26 years$4,611$3,472$2,578$1,891$1,373$323
27 years$4,392$3,268$2,394$1,731$1,238$272
28 years$4,190$3,079$2,226$1,586$1,117$229
29 years$4,002$2,905$2,071$1,454$1,009$193
30 years$3,827$2,743$1,929$1,335$911$162
31 years$3,663$2,593$1,799$1,226$824$137
32 years$3,510$2,454$1,678$1,127$745$115
33 years$3,367$2,324$1,567$1,036$675$97
34 years$3,232$2,203$1,464$953$611$82
35 years$3,105$2,089$1,369$877$553$69
36 years$2,986$1,983$1,280$808$501$58
37 years$2,873$1,883$1,198$745$454$49
38 years$2,767$1,790$1,122$686$412$41
39 years$2,666$1,702$1,051$633$373$35
40 years$2,570$1,619$985$584$339$29
41 years$2,480$1,541$924$538$307$25
42 years$2,394$1,468$867$497$279$21
43 years$2,312$1,399$813$459$253$18
44 years$2,234$1,333$764$424$230$15
45 years$2,159$1,271$717$391$209$12
46 years$2,089$1,213$673$361$189$11
47 years$2,021$1,157$633$334$172$9
48 years$1,956$1,105$594$308$156$7
49 years$1,895$1,055$559$285$142$6
50 years$1,836$1,008$525$264$129$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,880,000, adding $2,160 every year, while hoping to spend $47,633 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: 30/47/23 Blend
39$1,880,000$1,880,000$1,880,000$1,880,000
40$2,073,988$1,974,348$1,945,208$2,121,322
41$2,234,854$2,020,410$1,959,691$2,203,902
42$2,410,531$2,067,132$1,973,063$2,288,293
43$2,602,481$2,114,498$1,985,237$2,378,099
44$2,812,311$2,162,485$1,996,119$2,473,819
45$3,041,792$2,211,072$2,005,614$2,576,005
46$3,292,872$2,260,232$2,013,620$2,685,263
47$3,567,698$2,309,937$2,020,029$2,802,264
48$3,868,634$2,360,154$2,024,731$2,927,748
49$4,198,282$2,410,848$2,027,606$3,062,528
50$4,559,507$2,461,981$2,028,532$3,207,505
51$4,955,467$2,513,508$2,027,378$3,363,669
52$5,389,638$2,565,383$2,024,008$3,532,115
53$5,865,849$2,617,555$2,018,281$3,714,048
54$6,388,317$2,669,967$2,010,045$3,910,801
55$6,961,688$2,722,557$1,999,143$4,123,842
56$7,591,078$2,775,261$1,985,413$4,354,790
57$8,282,124$2,828,004$1,968,680$4,605,432
58$9,041,034$2,880,710$1,948,764$4,877,740
59$9,874,648$2,933,294$1,925,476$5,173,888
60$10,790,501$2,985,664$1,898,619$5,496,276
61$11,796,893$3,037,722$1,867,983$5,847,550
62$12,902,969$3,089,363$1,833,353$6,230,630
63$14,118,802$3,140,472$1,794,501$6,648,735
64$15,455,492$3,190,927$1,751,188$7,105,418
65$16,925,266$3,240,596$1,703,167$7,604,599
66$18,541,596$3,289,339$1,650,177$8,150,599
67$20,319,326$3,337,003$1,591,944$8,748,187
68$22,274,808$3,383,427$1,528,185$9,402,622
69$24,426,061$3,428,438$1,458,602$10,119,704
70$26,792,938$3,471,850$1,382,884$10,905,831
71$29,397,312$3,513,465$1,300,705$11,768,061
72$32,263,284$3,553,070$1,211,724$12,714,175
73$35,417,409$3,590,442$1,115,588$13,752,758
74$38,888,948$3,625,337$1,011,924$14,893,276
75$42,710,142$3,657,499$900,344$16,146,169
76$46,916,515$3,686,655$780,444$17,522,951
77$51,547,211$3,712,513$651,800$19,036,318
78$56,645,362$3,734,762$513,971$20,700,273
79$62,258,495$3,753,071$366,495$22,530,255
80$68,438,980$3,767,090$208,891$24,543,289
81$75,244,523$3,776,444$40,656$26,758,152
82$82,738,712$3,780,737$0$29,195,544
83$90,991,614$3,779,547$0$31,912,374
84$100,080,439$3,772,425$0$34,912,593
85$110,090,266$3,758,897$0$38,214,103
86$121,114,847$3,738,456$0$41,847,650
87$133,257,489$3,710,568$0$45,847,121
88$146,632,032$3,674,665$0$50,249,871
89$161,363,920$3,630,144$0$55,097,073
90$177,591,387$3,576,368$0$60,434,113
91$195,466,758$3,512,660$0$66,311,013
92$215,157,890$3,438,302$0$72,782,913
93$236,849,753$3,352,538$0$79,910,589
94$260,746,177$3,254,562$0$87,761,030
95$287,071,776$3,143,524$0$96,408,071
96$316,074,066$3,018,525$0$105,933,097
97$348,025,799$2,878,611$0$116,425,808
98$383,227,542$2,722,775$0$127,985,073
99$422,010,511$2,549,951$0$140,719,866
100$464,739,697$2,359,012$0$154,750,295