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%19.9%
1 years$155,249$153,866$152,517$151,200$149,914$143,966
2 years$76,856$75,424$74,037$72,692$71,388$65,469
3 years$50,728$49,291$47,907$46,575$45,291$39,588
4 years$37,667$36,234$34,864$33,554$32,302$26,858
5 years$29,832$28,408$27,056$25,773$24,556$19,384
6 years$24,611$23,197$21,865$20,611$19,430$14,535
7 years$20,883$19,481$18,170$16,945$15,802$11,181
8 years$18,088$16,699$15,410$14,215$13,109$8,758
9 years$15,915$14,539$13,272$12,108$11,040$6,952
10 years$14,178$12,816$11,571$10,437$9,406$5,573
11 years$12,758$11,409$10,187$9,084$8,090$4,503
12 years$11,575$10,240$9,041$7,967$7,010$3,660
13 years$10,575$9,254$8,077$7,034$6,113$2,989
14 years$9,719$8,412$7,257$6,244$5,359$2,451
15 years$8,977$7,684$6,553$5,569$4,718$2,015
16 years$8,329$7,050$5,941$4,986$4,170$1,661
17 years$7,758$6,493$5,406$4,480$3,697$1,372
18 years$7,250$6,000$4,935$4,037$3,288$1,136
19 years$6,797$5,560$4,518$3,648$2,930$941
20 years$6,390$5,167$4,146$3,304$2,617$781
21 years$6,021$4,813$3,814$2,999$2,342$648
22 years$5,687$4,493$3,515$2,726$2,100$538
23 years$5,382$4,202$3,245$2,483$1,885$448
24 years$5,103$3,937$3,001$2,265$1,694$372
25 years$4,847$3,695$2,780$2,068$1,524$310
26 years$4,611$3,472$2,578$1,891$1,373$258
27 years$4,392$3,268$2,394$1,731$1,238$215
28 years$4,190$3,079$2,226$1,586$1,117$179
29 years$4,002$2,905$2,071$1,454$1,009$149
30 years$3,827$2,743$1,929$1,335$911$124
31 years$3,663$2,593$1,799$1,226$824$104
32 years$3,510$2,454$1,678$1,127$745$86
33 years$3,367$2,324$1,567$1,036$675$72
34 years$3,232$2,203$1,464$953$611$60
35 years$3,105$2,089$1,369$877$553$50
36 years$2,986$1,983$1,280$808$501$42
37 years$2,873$1,883$1,198$745$454$35
38 years$2,767$1,790$1,122$686$412$29
39 years$2,666$1,702$1,051$633$373$24
40 years$2,570$1,619$985$584$339$20
41 years$2,480$1,541$924$538$307$17
42 years$2,394$1,468$867$497$279$14
43 years$2,312$1,399$813$459$253$12
44 years$2,234$1,333$764$424$230$10
45 years$2,159$1,271$717$391$209$8
46 years$2,089$1,213$673$361$189$7
47 years$2,021$1,157$633$334$172$6
48 years$1,956$1,105$594$308$156$5
49 years$1,895$1,055$559$285$142$4
50 years$1,836$1,008$525$264$129$3

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 $6,400 every year, while hoping to spend $50,328 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: 62/10/28 Blend
39$1,880,000$1,880,000$1,880,000$1,880,000
40$2,078,362$1,978,722$1,949,582$2,191,246
41$2,236,806$2,022,130$1,961,344$2,312,122
42$2,409,725$2,065,979$1,971,814$2,438,027
43$2,598,541$2,110,237$1,980,894$2,574,439
44$2,804,823$2,154,869$1,988,484$2,722,396
45$3,030,293$2,199,836$1,994,477$2,883,041
46$3,276,852$2,245,097$1,998,761$3,057,636
47$3,546,591$2,290,606$2,001,219$3,247,570
48$3,841,810$2,336,314$2,001,728$3,454,375
49$4,165,047$2,382,165$2,000,157$3,679,741
50$4,519,092$2,428,101$1,996,373$3,925,530
51$4,907,020$2,474,058$1,990,231$4,193,794
52$5,332,216$2,519,967$1,981,584$4,486,797
53$5,798,409$2,565,753$1,970,275$4,807,033
54$6,309,707$2,611,335$1,956,139$5,157,253
55$6,870,633$2,656,626$1,939,006$5,540,489
56$7,486,170$2,701,533$1,918,694$5,960,083
57$8,161,805$2,745,954$1,895,017$6,419,720
58$8,903,584$2,789,781$1,867,775$6,923,463
59$9,718,167$2,832,898$1,836,763$7,475,789
60$10,612,890$2,875,180$1,801,764$8,081,635
61$11,595,834$2,916,493$1,762,552$8,746,444
62$12,675,902$2,956,693$1,718,890$9,476,215
63$13,862,901$2,995,629$1,670,531$10,277,561
64$15,167,637$3,033,134$1,617,213$11,157,773
65$16,602,013$3,069,036$1,558,668$12,124,887
66$18,179,146$3,103,146$1,494,610$13,187,763
67$19,913,483$3,135,264$1,424,744$14,356,167
68$21,820,945$3,165,178$1,348,759$15,640,864
69$23,919,070$3,192,662$1,266,332$17,053,719
70$26,227,185$3,217,472$1,177,124$18,607,815
71$28,766,582$3,239,351$1,080,781$20,317,569
72$31,560,719$3,258,026$976,933$22,198,875
73$34,635,447$3,273,204$865,195$24,269,251
74$38,019,247$3,284,575$745,164$26,548,009
75$41,743,500$3,291,809$616,417$29,056,434
76$45,842,785$3,294,556$478,515$31,817,987
77$50,355,203$3,292,443$330,999$34,858,529
78$55,322,736$3,285,075$173,389$38,206,563
79$60,791,643$3,272,031$5,186$41,893,509
80$66,812,898$3,252,867$0$45,953,994
81$73,442,666$3,227,111$0$50,478,266
82$80,742,838$3,194,260$0$55,461,354
83$88,781,613$3,153,783$0$60,948,245
84$97,634,137$3,105,118$0$66,990,224
85$107,383,217$3,047,667$0$73,643,803
86$118,120,101$2,980,799$0$80,971,259
87$129,945,337$2,903,844$0$89,041,218
88$142,969,722$2,816,093$0$97,929,305
89$157,315,348$2,716,796$0$107,718,859
90$173,116,754$2,605,159$0$118,501,717
91$190,522,193$2,480,341$0$130,379,082
92$209,695,034$2,341,455$0$143,462,480
93$230,815,301$2,187,560$0$157,874,810
94$254,081,374$2,017,663$0$173,751,507
95$279,711,858$1,830,712$0$191,241,818
96$307,947,648$1,625,598$0$210,510,216
97$339,054,202$1,401,146$0$231,737,945
98$373,324,045$1,156,117$0$255,124,740
99$411,079,531$889,200$0$280,890,705
100$452,675,884$599,012$0$309,278,398