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

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$156,074$154,684$153,328$152,004$150,711$147,548
2 years$77,265$75,826$74,431$73,079$71,767$68,595
3 years$50,998$49,553$48,162$46,822$45,532$42,450
4 years$37,867$36,427$35,049$33,733$32,474$29,506
5 years$29,991$28,559$27,200$25,910$24,686$21,840
6 years$24,742$23,320$21,981$20,720$19,533$16,813
7 years$20,994$19,585$18,267$17,035$15,886$13,291
8 years$18,184$16,788$15,492$14,291$13,179$10,709
9 years$16,000$14,617$13,343$12,172$11,098$8,753
10 years$14,254$12,884$11,633$10,493$9,456$7,232
11 years$12,826$11,470$10,241$9,132$8,133$6,026
12 years$11,637$10,295$9,089$8,010$7,048$5,056
13 years$10,632$9,303$8,120$7,071$6,146$4,266
14 years$9,771$8,456$7,296$6,277$5,387$3,615
15 years$9,025$7,725$6,587$5,598$4,743$3,076
16 years$8,373$7,088$5,972$5,013$4,192$2,625
17 years$7,799$6,527$5,435$4,504$3,717$2,246
18 years$7,289$6,032$4,961$4,059$3,305$1,926
19 years$6,833$5,590$4,542$3,667$2,946$1,654
20 years$6,424$5,195$4,168$3,322$2,631$1,423
21 years$6,053$4,839$3,834$3,015$2,355$1,226
22 years$5,717$4,517$3,534$2,741$2,111$1,058
23 years$5,411$4,224$3,263$2,496$1,895$913
24 years$5,130$3,958$3,017$2,277$1,703$789
25 years$4,873$3,714$2,795$2,079$1,532$683
26 years$4,635$3,491$2,592$1,901$1,380$591
27 years$4,416$3,285$2,407$1,740$1,245$511
28 years$4,212$3,096$2,237$1,594$1,123$443
29 years$4,023$2,920$2,082$1,462$1,014$384
30 years$3,847$2,758$1,939$1,342$916$333
31 years$3,683$2,607$1,808$1,232$828$289
32 years$3,529$2,467$1,687$1,133$749$250
33 years$3,385$2,336$1,575$1,041$678$217
34 years$3,249$2,214$1,472$958$614$188
35 years$3,122$2,100$1,376$882$556$163
36 years$3,002$1,993$1,287$812$504$142
37 years$2,888$1,893$1,205$749$457$123
38 years$2,781$1,799$1,128$690$414$107
39 years$2,680$1,711$1,057$636$375$93
40 years$2,584$1,628$991$587$341$81
41 years$2,493$1,550$929$541$309$70
42 years$2,406$1,476$871$500$280$61
43 years$2,324$1,406$818$461$254$53
44 years$2,246$1,340$768$426$231$46
45 years$2,171$1,278$721$393$210$40
46 years$2,100$1,219$677$363$190$35
47 years$2,032$1,164$636$336$173$30
48 years$1,967$1,111$598$310$157$26
49 years$1,905$1,061$562$287$143$23
50 years$1,845$1,013$528$265$129$20

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 $5,687 every year, while hoping to spend $38,582 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: 77/18/5 Blend
39$1,890,000$1,890,000$1,890,000$1,890,000
40$2,088,646$1,988,476$1,959,181$2,248,482
41$2,260,637$2,044,861$1,983,763$2,410,517
42$2,448,878$2,102,715$2,007,875$2,582,533
43$2,654,986$2,162,070$2,031,461$2,769,968
44$2,880,740$2,222,957$2,054,461$2,974,338
45$3,128,103$2,285,409$2,076,812$3,197,309
46$3,399,233$2,349,458$2,098,449$3,440,715
47$3,696,508$2,415,134$2,119,300$3,706,578
48$4,022,547$2,482,471$2,139,292$3,997,121
49$4,380,236$2,551,501$2,158,347$4,314,797
50$4,772,751$2,622,257$2,176,384$4,662,301
51$5,203,594$2,694,769$2,193,315$5,042,608
52$5,676,620$2,769,072$2,209,050$5,458,989
53$6,196,075$2,845,197$2,223,493$5,915,050
54$6,766,639$2,923,175$2,236,544$6,414,761
55$7,393,465$3,003,040$2,248,097$6,962,497
56$8,082,231$3,084,821$2,258,041$7,563,076
57$8,839,192$3,168,551$2,266,258$8,221,806
58$9,671,239$3,254,259$2,272,628$8,944,533
59$10,585,964$3,341,977$2,277,019$9,737,698
60$11,591,731$3,431,732$2,279,298$10,608,399
61$12,697,755$3,523,555$2,279,323$11,564,451
62$13,914,190$3,617,473$2,276,943$12,614,469
63$15,252,220$3,713,512$2,272,004$13,767,941
64$16,724,171$3,811,699$2,264,341$15,035,322
65$18,343,623$3,912,058$2,253,782$16,428,130
66$20,125,536$4,014,613$2,240,148$17,959,057
67$22,086,397$4,119,385$2,223,249$19,642,086
68$24,244,369$4,226,394$2,202,887$21,492,623
69$26,619,467$4,335,660$2,178,856$23,527,644
70$29,233,743$4,447,198$2,150,939$25,765,855
71$32,111,497$4,561,023$2,118,907$28,227,864
72$35,279,503$4,677,146$2,082,524$30,936,382
73$38,767,264$4,795,578$2,041,540$33,916,432
74$42,607,288$4,916,324$1,995,694$37,195,587
75$46,835,395$5,039,388$1,944,714$40,804,228
76$51,491,058$5,164,770$1,888,315$44,775,835
77$56,617,770$5,292,468$1,826,197$49,147,298
78$62,263,457$5,422,473$1,758,049$53,959,266
79$68,480,930$5,554,775$1,683,544$59,256,535
80$75,328,383$5,689,357$1,602,341$65,088,463
81$82,869,942$5,826,200$1,514,083$71,509,441
82$91,176,269$5,965,276$1,418,398$78,579,406
83$100,325,230$6,106,556$1,314,896$86,364,404
84$110,402,628$6,250,001$1,203,169$94,937,214
85$121,503,013$6,395,569$1,082,792$104,378,037
86$133,730,576$6,543,207$953,322$114,775,251
87$147,200,129$6,692,859$814,293$126,226,244
88$162,038,192$6,844,459$665,221$138,838,334
89$178,384,181$6,997,931$505,600$152,729,786
90$196,391,732$7,153,194$334,902$168,030,919
91$216,230,143$7,310,154$152,575$184,885,345
92$238,085,974$7,468,709$0$203,451,321
93$262,164,812$7,628,744$0$223,905,482
94$288,693,204$7,790,134$0$246,446,600
95$317,920,801$7,952,741$0$271,278,339
96$350,122,711$8,116,413$0$298,634,110
97$385,602,096$8,280,986$0$328,771,129
98$424,693,036$8,446,280$0$361,972,839
99$467,763,676$8,612,098$0$398,551,593
100$515,219,707$8,778,228$0$438,851,594