Can I retire at age 40 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$156,074$154,684$153,328$152,004$150,711$145,945
2 years$77,265$75,826$74,431$73,079$71,767$67,009
3 years$50,998$49,553$48,162$46,822$45,532$40,931
4 years$37,867$36,427$35,049$33,733$32,474$28,064
5 years$29,991$28,559$27,200$25,910$24,686$20,481
6 years$24,742$23,320$21,981$20,720$19,533$15,535
7 years$20,994$19,585$18,267$17,035$15,886$12,095
8 years$18,184$16,788$15,492$14,291$13,179$9,592
9 years$16,000$14,617$13,343$12,172$11,098$7,713
10 years$14,254$12,884$11,633$10,493$9,456$6,266
11 years$12,826$11,470$10,241$9,132$8,133$5,132
12 years$11,637$10,295$9,089$8,010$7,048$4,230
13 years$10,632$9,303$8,120$7,071$6,146$3,505
14 years$9,771$8,456$7,296$6,277$5,387$2,916
15 years$9,025$7,725$6,587$5,598$4,743$2,434
16 years$8,373$7,088$5,972$5,013$4,192$2,037
17 years$7,799$6,527$5,435$4,504$3,717$1,709
18 years$7,289$6,032$4,961$4,059$3,305$1,437
19 years$6,833$5,590$4,542$3,667$2,946$1,210
20 years$6,424$5,195$4,168$3,322$2,631$1,020
21 years$6,053$4,839$3,834$3,015$2,355$860
22 years$5,717$4,517$3,534$2,741$2,111$727
23 years$5,411$4,224$3,263$2,496$1,895$614
24 years$5,130$3,958$3,017$2,277$1,703$520
25 years$4,873$3,714$2,795$2,079$1,532$440
26 years$4,635$3,491$2,592$1,901$1,380$372
27 years$4,416$3,285$2,407$1,740$1,245$315
28 years$4,212$3,096$2,237$1,594$1,123$267
29 years$4,023$2,920$2,082$1,462$1,014$227
30 years$3,847$2,758$1,939$1,342$916$192
31 years$3,683$2,607$1,808$1,232$828$163
32 years$3,529$2,467$1,687$1,133$749$138
33 years$3,385$2,336$1,575$1,041$678$117
34 years$3,249$2,214$1,472$958$614$99
35 years$3,122$2,100$1,376$882$556$84
36 years$3,002$1,993$1,287$812$504$72
37 years$2,888$1,893$1,205$749$457$61
38 years$2,781$1,799$1,128$690$414$52
39 years$2,680$1,711$1,057$636$375$44
40 years$2,584$1,628$991$587$341$37
41 years$2,493$1,550$929$541$309$31
42 years$2,406$1,476$871$500$280$27
43 years$2,324$1,406$818$461$254$23
44 years$2,246$1,340$768$426$231$19
45 years$2,171$1,278$721$393$210$16
46 years$2,100$1,219$677$363$190$14
47 years$2,032$1,164$636$336$173$12
48 years$1,967$1,111$598$310$157$10
49 years$1,905$1,061$562$287$143$8
50 years$1,845$1,013$528$265$129$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,890,000, adding $2,002 every year, while hoping to spend $33,566 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: 45/25/30 Blend
39$1,890,000$1,890,000$1,890,000$1,890,000
40$2,084,845$1,984,675$1,955,380$2,160,480
41$2,261,785$2,046,210$1,985,171$2,276,176
42$2,455,648$2,109,636$2,014,836$2,398,220
43$2,668,125$2,175,008$2,044,333$2,529,956
44$2,901,078$2,242,387$2,073,622$2,672,310
45$3,156,556$2,311,833$2,102,657$2,826,301
46$3,436,821$2,383,408$2,131,392$2,993,050
47$3,744,358$2,457,177$2,159,775$3,173,794
48$4,081,909$2,533,205$2,187,754$3,369,891
49$4,452,493$2,611,561$2,215,273$3,582,840
50$4,859,434$2,692,315$2,242,271$3,814,289
51$5,306,396$2,775,538$2,268,687$4,066,055
52$5,797,414$2,861,305$2,294,454$4,340,137
53$6,336,934$2,949,693$2,319,502$4,638,738
54$6,929,852$3,040,779$2,343,756$4,964,285
55$7,581,565$3,134,645$2,367,140$5,319,450
56$8,298,015$3,231,373$2,389,570$5,707,178
57$9,085,752$3,331,050$2,410,960$6,130,711
58$9,951,991$3,433,763$2,431,219$6,593,623
59$10,904,680$3,539,603$2,450,250$7,099,848
60$11,952,577$3,648,663$2,467,953$7,653,724
61$13,105,331$3,761,039$2,484,221$8,260,028
62$14,373,575$3,876,830$2,498,942$8,924,023
63$15,769,021$3,996,137$2,511,999$9,651,509
64$17,304,578$4,119,064$2,523,267$10,448,874
65$18,994,465$4,245,718$2,532,617$11,323,160
66$20,854,353$4,376,211$2,539,912$12,282,123
67$22,901,506$4,510,655$2,545,009$13,334,312
68$25,154,950$4,649,167$2,547,756$14,489,143
69$27,635,646$4,791,867$2,547,997$15,756,995
70$30,366,691$4,938,878$2,545,565$17,149,303
71$33,373,538$5,090,327$2,540,286$18,678,667
72$36,684,231$5,246,345$2,531,977$20,358,974
73$40,329,672$5,407,066$2,520,448$22,205,524
74$44,343,914$5,572,627$2,505,498$24,235,176
75$48,764,477$5,743,169$2,486,916$26,466,510
76$53,632,708$5,918,839$2,464,482$28,920,000
77$58,994,168$6,099,786$2,437,966$31,618,207
78$64,899,061$6,286,163$2,407,126$34,585,993
79$71,402,709$6,478,129$2,371,708$37,850,756
80$78,566,073$6,675,845$2,331,448$41,442,686
81$86,456,329$6,879,479$2,286,068$45,395,054
82$95,147,502$7,089,200$2,235,279$49,744,524
83$104,721,162$7,305,186$2,178,776$54,531,499
84$115,267,197$7,527,617$2,116,241$59,800,504
85$126,884,659$7,756,677$2,047,343$65,600,603
86$139,682,698$7,992,558$1,971,733$71,985,868
87$153,781,595$8,235,455$1,889,047$79,015,884
88$169,313,894$8,485,569$1,798,907$86,756,315
89$186,425,654$8,743,106$1,700,914$95,279,523
90$205,277,830$9,008,276$1,594,653$104,665,252
91$226,047,785$9,281,298$1,479,690$115,001,379
92$248,930,971$9,562,394$1,355,572$126,384,747
93$274,142,772$9,851,793$1,221,825$138,922,079
94$301,920,532$10,149,729$1,077,954$152,730,981
95$332,525,803$10,456,442$923,442$167,941,061
96$366,246,806$10,772,179$757,749$184,695,145
97$403,401,159$11,097,194$580,312$203,150,632
98$444,338,866$11,431,745$390,541$223,480,974
99$489,445,629$11,776,100$187,823$245,877,322
100$539,146,484$12,130,530$0$270,550,323