Can I retire at age 40 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$158,552$157,140$155,762$154,417$153,103$148,321
2 years$78,491$77,029$75,612$74,239$72,906$68,131
3 years$51,808$50,339$48,926$47,566$46,255$41,636
4 years$38,468$37,005$35,606$34,268$32,989$28,563
5 years$30,467$29,012$27,632$26,321$25,078$20,855
6 years$25,135$23,691$22,330$21,049$19,843$15,828
7 years$21,327$19,895$18,557$17,306$16,138$12,330
8 years$18,473$17,054$15,738$14,517$13,388$9,785
9 years$16,254$14,849$13,555$12,366$11,275$7,872
10 years$14,480$13,088$11,817$10,659$9,607$6,400
11 years$13,029$11,652$10,404$9,277$8,262$5,245
12 years$11,822$10,458$9,233$8,137$7,160$4,326
13 years$10,800$9,451$8,249$7,184$6,243$3,587
14 years$9,926$8,591$7,412$6,377$5,473$2,986
15 years$9,168$7,848$6,692$5,687$4,819$2,494
16 years$8,506$7,200$6,067$5,092$4,259$2,089
17 years$7,923$6,631$5,521$4,575$3,776$1,754
18 years$7,405$6,127$5,040$4,123$3,358$1,476
19 years$6,942$5,679$4,614$3,726$2,993$1,243
20 years$6,525$5,277$4,234$3,374$2,673$1,049
21 years$6,149$4,915$3,895$3,062$2,392$886
22 years$5,808$4,588$3,590$2,784$2,144$749
23 years$5,497$4,291$3,314$2,536$1,925$633
24 years$5,212$4,021$3,065$2,313$1,730$536
25 years$4,950$3,773$2,839$2,112$1,557$454
26 years$4,709$3,546$2,633$1,931$1,402$385
27 years$4,486$3,337$2,445$1,768$1,264$326
28 years$4,279$3,145$2,273$1,620$1,141$277
29 years$4,087$2,967$2,115$1,485$1,030$235
30 years$3,908$2,802$1,970$1,363$931$199
31 years$3,741$2,649$1,837$1,252$841$169
32 years$3,585$2,506$1,714$1,151$761$143
33 years$3,438$2,373$1,600$1,058$689$122
34 years$3,301$2,249$1,495$973$624$103
35 years$3,171$2,134$1,398$896$565$88
36 years$3,049$2,025$1,308$825$512$75
37 years$2,934$1,923$1,224$760$464$63
38 years$2,825$1,828$1,146$701$421$54
39 years$2,723$1,738$1,074$646$381$46
40 years$2,625$1,654$1,006$596$346$39
41 years$2,532$1,574$944$550$314$33
42 years$2,444$1,499$885$508$285$28
43 years$2,361$1,428$831$469$258$24
44 years$2,281$1,362$780$433$235$20
45 years$2,205$1,298$732$400$213$17
46 years$2,133$1,239$688$369$193$15
47 years$2,064$1,182$646$341$176$12
48 years$1,998$1,128$607$315$159$11
49 years$1,935$1,078$571$291$145$9
50 years$1,875$1,029$536$269$132$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,920,000, adding $6,192 every year, while hoping to spend $33,184 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: 44/42/14 Blend
39$1,920,000$1,920,000$1,920,000$1,920,000
40$2,122,227$2,020,467$1,990,707$2,206,790
41$2,303,387$2,084,162$2,022,088$2,330,159
42$2,501,912$2,149,867$2,053,408$2,459,978
43$2,719,541$2,217,643$2,084,631$2,599,961
44$2,958,183$2,287,557$2,115,716$2,751,057
45$3,219,947$2,359,677$2,146,621$2,914,313
46$3,507,152$2,434,071$2,177,303$3,090,877
47$3,822,353$2,510,812$2,207,714$3,282,013
48$4,168,364$2,589,973$2,237,804$3,489,112
49$4,548,287$2,671,632$2,267,520$3,713,703
50$4,965,537$2,755,866$2,296,806$3,957,468
51$5,423,875$2,842,757$2,325,603$4,222,260
52$5,927,448$2,932,390$2,353,849$4,510,116
53$6,480,821$3,024,850$2,381,476$4,823,278
54$7,089,024$3,120,227$2,408,414$5,164,216
55$7,757,600$3,218,613$2,434,591$5,535,646
56$8,492,653$3,320,104$2,459,928$5,940,560
57$9,300,911$3,424,796$2,484,343$6,382,250
58$10,189,784$3,532,791$2,507,749$6,864,342
59$11,167,438$3,644,194$2,530,054$7,390,828
60$12,242,869$3,759,112$2,551,163$7,966,104
61$13,425,989$3,877,655$2,570,975$8,595,011
62$14,727,719$3,999,940$2,589,382$9,282,878
63$16,160,093$4,126,083$2,606,272$10,035,577
64$17,736,368$4,256,207$2,621,528$10,859,573
65$19,471,153$4,390,437$2,635,025$11,761,987
66$21,380,546$4,528,903$2,646,634$12,750,663
67$23,482,281$4,671,740$2,656,216$13,834,239
68$25,795,903$4,819,084$2,663,628$15,022,232
69$28,342,944$4,971,078$2,668,719$16,325,124
70$31,147,134$5,127,870$2,671,330$17,754,462
71$34,234,616$5,289,611$2,671,294$19,322,967
72$37,634,202$5,456,456$2,668,438$21,044,652
73$41,377,637$5,628,569$2,662,577$22,934,954
74$45,499,901$5,806,114$2,653,518$25,010,880
75$50,039,542$5,989,265$2,641,062$27,291,168
76$55,039,033$6,178,197$2,624,996$29,796,461
77$60,545,180$6,373,093$2,605,098$32,549,501
78$66,609,557$6,574,143$2,581,137$35,575,345
79$73,288,996$6,781,541$2,552,870$38,901,603
80$80,646,124$6,995,487$2,520,041$42,558,691
81$88,749,950$7,216,188$2,482,385$46,580,124
82$97,676,522$7,443,858$2,439,621$51,002,829
83$107,509,638$7,678,717$2,391,459$55,867,494
84$118,341,639$7,920,993$2,337,591$61,218,950
85$130,274,285$8,170,920$2,277,699$67,106,594
86$143,419,707$8,428,740$2,211,447$73,584,856
87$157,901,471$8,694,702$2,138,485$80,713,710
88$173,855,744$8,969,065$2,058,447$88,559,241
89$191,432,575$9,252,094$1,970,949$97,194,266
90$210,797,314$9,544,063$1,875,592$106,699,025
91$232,132,172$9,845,255$1,771,957$117,161,932
92$255,637,943$10,155,961$1,659,607$128,680,413
93$281,535,893$10,476,484$1,538,084$141,361,823
94$310,069,855$10,807,132$1,406,911$155,324,460
95$341,508,526$11,148,228$1,265,588$170,698,678
96$376,148,006$11,500,100$1,113,595$187,628,122
97$414,314,588$11,863,091$950,386$206,271,076
98$456,367,846$12,237,553$775,394$226,801,963
99$502,704,022$12,623,848$588,025$249,412,988
100$553,759,766$13,022,351$387,658$274,315,951