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

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$155,249$153,866$152,517$151,200$149,914$146,230
2 years$76,856$75,424$74,037$72,692$71,388$67,699
3 years$50,728$49,291$47,907$46,575$45,291$41,713
4 years$37,667$36,234$34,864$33,554$32,302$28,862
5 years$29,832$28,408$27,056$25,773$24,556$21,263
6 years$24,611$23,197$21,865$20,611$19,430$16,289
7 years$20,883$19,481$18,170$16,945$15,802$12,812
8 years$18,088$16,699$15,410$14,215$13,109$10,269
9 years$15,915$14,539$13,272$12,108$11,040$8,347
10 years$14,178$12,816$11,571$10,437$9,406$6,858
11 years$12,758$11,409$10,187$9,084$8,090$5,683
12 years$11,575$10,240$9,041$7,967$7,010$4,740
13 years$10,575$9,254$8,077$7,034$6,113$3,975
14 years$9,719$8,412$7,257$6,244$5,359$3,348
15 years$8,977$7,684$6,553$5,569$4,718$2,831
16 years$8,329$7,050$5,941$4,986$4,170$2,400
17 years$7,758$6,493$5,406$4,480$3,697$2,040
18 years$7,250$6,000$4,935$4,037$3,288$1,738
19 years$6,797$5,560$4,518$3,648$2,930$1,483
20 years$6,390$5,167$4,146$3,304$2,617$1,267
21 years$6,021$4,813$3,814$2,999$2,342$1,084
22 years$5,687$4,493$3,515$2,726$2,100$929
23 years$5,382$4,202$3,245$2,483$1,885$796
24 years$5,103$3,937$3,001$2,265$1,694$683
25 years$4,847$3,695$2,780$2,068$1,524$587
26 years$4,611$3,472$2,578$1,891$1,373$504
27 years$4,392$3,268$2,394$1,731$1,238$433
28 years$4,190$3,079$2,226$1,586$1,117$373
29 years$4,002$2,905$2,071$1,454$1,009$320
30 years$3,827$2,743$1,929$1,335$911$276
31 years$3,663$2,593$1,799$1,226$824$237
32 years$3,510$2,454$1,678$1,127$745$204
33 years$3,367$2,324$1,567$1,036$675$176
34 years$3,232$2,203$1,464$953$611$151
35 years$3,105$2,089$1,369$877$553$130
36 years$2,986$1,983$1,280$808$501$112
37 years$2,873$1,883$1,198$745$454$97
38 years$2,767$1,790$1,122$686$412$83
39 years$2,666$1,702$1,051$633$373$72
40 years$2,570$1,619$985$584$339$62
41 years$2,480$1,541$924$538$307$53
42 years$2,394$1,468$867$497$279$46
43 years$2,312$1,399$813$459$253$40
44 years$2,234$1,333$764$424$230$34
45 years$2,159$1,271$717$391$209$29
46 years$2,089$1,213$673$361$189$25
47 years$2,021$1,157$633$334$172$22
48 years$1,956$1,105$594$308$156$19
49 years$1,895$1,055$559$285$142$16
50 years$1,836$1,008$525$264$129$14

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 $2,860 every year, while hoping to spend $46,935 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: 64/21/15 Blend
39$1,880,000$1,880,000$1,880,000$1,880,000
40$2,074,710$1,975,070$1,945,930$2,199,770
41$2,236,392$2,021,910$1,961,180$2,330,746
42$2,412,992$2,069,472$1,975,368$2,468,102
43$2,605,984$2,117,742$1,988,409$2,617,001
44$2,816,986$2,166,704$2,000,213$2,778,567
45$3,047,784$2,216,338$2,010,686$2,954,041
46$3,300,343$2,266,623$2,019,728$3,144,789
47$3,576,826$2,317,536$2,027,237$3,352,314
48$3,879,615$2,369,048$2,033,103$3,578,275
49$4,211,335$2,421,130$2,037,210$3,824,498
50$4,574,874$2,473,748$2,039,440$4,092,994
51$4,973,414$2,526,865$2,039,664$4,385,979
52$5,410,460$2,580,439$2,037,751$4,705,898
53$5,889,872$2,634,426$2,033,561$5,055,439
54$6,415,902$2,688,776$2,026,948$5,437,569
55$6,993,233$2,743,435$2,017,760$5,855,555
56$7,627,023$2,798,343$2,005,835$6,312,998
57$8,322,955$2,853,438$1,991,006$6,813,864
58$9,087,289$2,908,648$1,973,097$7,362,527
59$9,926,919$2,963,899$1,951,922$7,963,805
60$10,849,442$3,019,107$1,927,289$8,623,007
61$11,863,227$3,074,185$1,898,995$9,345,985
62$12,977,493$3,129,037$1,866,828$10,139,187
63$14,202,397$3,183,560$1,830,567$11,009,719
64$15,549,129$3,237,642$1,789,978$11,965,415
65$17,030,017$3,291,163$1,744,819$13,014,904
66$18,658,645$3,343,996$1,694,837$14,167,699
67$20,449,977$3,396,002$1,639,764$15,434,284
68$22,420,502$3,447,033$1,579,323$16,826,211
69$24,588,385$3,496,930$1,513,223$18,356,214
70$26,973,645$3,545,524$1,441,160$20,038,325
71$29,598,333$3,592,632$1,362,816$21,888,009
72$32,486,752$3,638,059$1,277,859$23,922,311
73$35,665,675$3,681,598$1,185,941$26,160,015
74$39,164,604$3,723,027$1,086,700$28,621,824
75$43,016,046$3,762,108$979,758$31,330,552
76$47,255,821$3,798,589$864,717$34,311,346
77$51,923,394$3,832,199$741,165$37,591,918
78$57,062,255$3,862,652$608,669$41,202,810
79$62,720,325$3,889,642$466,779$45,177,681
80$68,950,406$3,912,842$315,024$49,553,630
81$75,810,682$3,931,906$152,912$54,371,539
82$83,365,268$3,946,466$0$59,676,466
83$91,684,811$3,956,128$0$65,521,285
84$100,847,160$3,960,477$0$71,983,834
85$110,938,100$3,959,070$0$79,100,018
86$122,052,158$3,951,436$0$86,936,401
87$134,293,499$3,937,077$0$95,566,338
88$147,776,905$3,915,463$0$105,070,666
89$162,628,861$3,886,033$0$115,538,467
90$178,988,746$3,848,190$0$127,067,911
91$197,010,149$3,801,302$0$139,767,183
92$216,862,319$3,744,700$0$153,755,500
93$238,731,760$3,677,674$0$169,164,244
94$262,823,992$3,599,473$0$186,138,200
95$289,365,492$3,509,300$0$204,836,919
96$318,605,829$3,406,313$0$225,436,232
97$350,820,020$3,289,618$0$248,129,905
98$386,311,124$3,158,272$0$273,131,472
99$425,413,106$3,011,275$0$300,676,250
100$468,493,986$2,847,570$0$331,023,562