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%17.4%
1 years$156,074$154,684$153,328$152,004$150,711$146,180
2 years$77,265$75,826$74,431$73,079$71,767$67,240
3 years$50,998$49,553$48,162$46,822$45,532$41,151
4 years$37,867$36,427$35,049$33,733$32,474$28,273
5 years$29,991$28,559$27,200$25,910$24,686$20,676
6 years$24,742$23,320$21,981$20,720$19,533$15,718
7 years$20,994$19,585$18,267$17,035$15,886$12,265
8 years$18,184$16,788$15,492$14,291$13,179$9,750
9 years$16,000$14,617$13,343$12,172$11,098$7,859
10 years$14,254$12,884$11,633$10,493$9,456$6,401
11 years$12,826$11,470$10,241$9,132$8,133$5,256
12 years$11,637$10,295$9,089$8,010$7,048$4,344
13 years$10,632$9,303$8,120$7,071$6,146$3,609
14 years$9,771$8,456$7,296$6,277$5,387$3,011
15 years$9,025$7,725$6,587$5,598$4,743$2,520
16 years$8,373$7,088$5,972$5,013$4,192$2,116
17 years$7,799$6,527$5,435$4,504$3,717$1,780
18 years$7,289$6,032$4,961$4,059$3,305$1,501
19 years$6,833$5,590$4,542$3,667$2,946$1,267
20 years$6,424$5,195$4,168$3,322$2,631$1,072
21 years$6,053$4,839$3,834$3,015$2,355$907
22 years$5,717$4,517$3,534$2,741$2,111$769
23 years$5,411$4,224$3,263$2,496$1,895$652
24 years$5,130$3,958$3,017$2,277$1,703$553
25 years$4,873$3,714$2,795$2,079$1,532$470
26 years$4,635$3,491$2,592$1,901$1,380$399
27 years$4,416$3,285$2,407$1,740$1,245$339
28 years$4,212$3,096$2,237$1,594$1,123$288
29 years$4,023$2,920$2,082$1,462$1,014$245
30 years$3,847$2,758$1,939$1,342$916$208
31 years$3,683$2,607$1,808$1,232$828$177
32 years$3,529$2,467$1,687$1,133$749$151
33 years$3,385$2,336$1,575$1,041$678$128
34 years$3,249$2,214$1,472$958$614$109
35 years$3,122$2,100$1,376$882$556$93
36 years$3,002$1,993$1,287$812$504$79
37 years$2,888$1,893$1,205$749$457$67
38 years$2,781$1,799$1,128$690$414$57
39 years$2,680$1,711$1,057$636$375$49
40 years$2,584$1,628$991$587$341$42
41 years$2,493$1,550$929$541$309$35
42 years$2,406$1,476$871$500$280$30
43 years$2,324$1,406$818$461$254$26
44 years$2,246$1,340$768$426$231$22
45 years$2,171$1,278$721$393$210$19
46 years$2,100$1,219$677$363$190$16
47 years$2,032$1,164$636$336$173$14
48 years$1,967$1,111$598$310$157$12
49 years$1,905$1,061$562$287$143$10
50 years$1,845$1,013$528$265$129$8

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 $6,702 every year, while hoping to spend $35,153 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: 67/27/6 Blend
39$1,890,000$1,890,000$1,890,000$1,890,000
40$2,089,693$1,989,523$1,960,228$2,227,373
41$2,265,439$2,049,607$1,988,493$2,379,607
42$2,457,933$2,111,457$2,016,527$2,541,088
43$2,668,847$2,175,123$2,044,285$2,716,668
44$2,900,019$2,240,654$2,071,719$2,907,719
45$3,153,479$2,308,104$2,098,779$3,115,748
46$3,431,457$2,377,524$2,125,411$3,342,416
47$3,736,414$2,448,971$2,151,560$3,589,549
48$4,071,056$2,522,499$2,177,166$3,859,161
49$4,438,369$2,598,166$2,202,166$4,153,467
50$4,841,637$2,676,031$2,226,494$4,474,904
51$5,284,482$2,756,154$2,250,078$4,826,160
52$5,770,890$2,838,596$2,272,847$5,210,190
53$6,305,254$2,923,421$2,294,721$5,630,253
54$6,892,414$3,010,693$2,315,618$6,089,933
55$7,537,701$3,100,477$2,335,452$6,593,182
56$8,246,988$3,192,843$2,354,132$7,144,348
57$9,026,747$3,287,858$2,371,561$7,748,224
58$9,884,106$3,385,594$2,387,639$8,410,087
59$10,826,920$3,486,123$2,402,260$9,135,750
60$11,863,842$3,589,519$2,415,311$9,931,617
61$13,004,405$3,695,857$2,426,676$10,804,741
62$14,259,116$3,805,215$2,436,231$11,762,893
63$15,639,547$3,917,672$2,443,846$12,814,633
64$17,158,451$4,033,308$2,449,385$13,969,391
65$18,829,879$4,152,206$2,452,706$15,237,555
66$20,669,313$4,274,450$2,453,657$16,630,572
67$22,693,810$4,400,126$2,452,082$18,161,051
68$24,922,167$4,529,321$2,447,816$19,842,884
69$27,375,095$4,662,125$2,440,684$21,691,378
70$30,075,414$4,798,628$2,430,506$23,723,397
71$33,048,269$4,938,924$2,417,091$25,957,521
72$36,321,368$5,083,106$2,400,240$28,414,222
73$39,925,242$5,231,273$2,379,742$31,116,058
74$43,893,533$5,383,521$2,355,379$34,087,882
75$48,263,310$5,539,950$2,326,921$37,357,078
76$53,075,423$5,700,663$2,294,128$40,953,821
77$58,374,882$5,865,762$2,256,748$44,911,359
78$64,211,288$6,035,353$2,214,517$49,266,326
79$70,639,296$6,209,541$2,167,160$54,059,091
80$77,719,132$6,388,437$2,114,387$59,334,133
81$85,517,163$6,572,149$2,055,898$65,140,466
82$94,106,518$6,760,789$1,991,376$71,532,099
83$103,567,786$6,954,471$1,920,490$78,568,544
84$113,989,769$7,153,309$1,842,895$86,315,378
85$125,470,324$7,357,419$1,758,230$94,844,865
86$138,117,283$7,566,919$1,666,117$104,236,631
87$152,049,475$7,781,927$1,566,161$114,578,422
88$167,397,844$8,002,564$1,457,950$125,966,928
89$184,306,686$8,228,951$1,341,053$138,508,695
90$202,935,008$8,461,210$1,215,019$152,321,135
91$223,458,034$8,699,465$1,079,377$167,533,626
92$246,068,854$8,943,839$933,637$184,288,739
93$270,980,248$9,194,458$777,284$202,743,584
94$298,426,693$9,451,446$609,783$223,071,287
95$328,666,580$9,714,931$430,575$245,462,628
96$361,984,646$9,985,038$239,074$270,127,842
97$398,694,669$10,261,893$34,672$297,298,601
98$439,142,423$10,545,624$0$327,230,201
99$483,708,946$10,836,355$0$360,215,719
100$532,814,135$11,134,213$0$396,556,560