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%13.4%
1 years$158,552$157,140$155,762$154,417$153,103$150,940
2 years$78,491$77,029$75,612$74,239$72,906$70,731
3 years$51,808$50,339$48,926$47,566$46,255$44,135
4 years$38,468$37,005$35,606$34,268$32,989$30,942
5 years$30,467$29,012$27,632$26,321$25,078$23,108
6 years$25,135$23,691$22,330$21,049$19,843$17,954
7 years$21,327$19,895$18,557$17,306$16,138$14,329
8 years$18,473$17,054$15,738$14,517$13,388$11,660
9 years$16,254$14,849$13,555$12,366$11,275$9,626
10 years$14,480$13,088$11,817$10,659$9,607$8,037
11 years$13,029$11,652$10,404$9,277$8,262$6,769
12 years$11,822$10,458$9,233$8,137$7,160$5,742
13 years$10,800$9,451$8,249$7,184$6,243$4,899
14 years$9,926$8,591$7,412$6,377$5,473$4,200
15 years$9,168$7,848$6,692$5,687$4,819$3,615
16 years$8,506$7,200$6,067$5,092$4,259$3,122
17 years$7,923$6,631$5,521$4,575$3,776$2,704
18 years$7,405$6,127$5,040$4,123$3,358$2,347
19 years$6,942$5,679$4,614$3,726$2,993$2,042
20 years$6,525$5,277$4,234$3,374$2,673$1,779
21 years$6,149$4,915$3,895$3,062$2,392$1,553
22 years$5,808$4,588$3,590$2,784$2,144$1,357
23 years$5,497$4,291$3,314$2,536$1,925$1,187
24 years$5,212$4,021$3,065$2,313$1,730$1,040
25 years$4,950$3,773$2,839$2,112$1,557$911
26 years$4,709$3,546$2,633$1,931$1,402$799
27 years$4,486$3,337$2,445$1,768$1,264$702
28 years$4,279$3,145$2,273$1,620$1,141$616
29 years$4,087$2,967$2,115$1,485$1,030$542
30 years$3,908$2,802$1,970$1,363$931$476
31 years$3,741$2,649$1,837$1,252$841$419
32 years$3,585$2,506$1,714$1,151$761$368
33 years$3,438$2,373$1,600$1,058$689$324
34 years$3,301$2,249$1,495$973$624$285
35 years$3,171$2,134$1,398$896$565$251
36 years$3,049$2,025$1,308$825$512$221
37 years$2,934$1,923$1,224$760$464$195
38 years$2,825$1,828$1,146$701$421$172
39 years$2,723$1,738$1,074$646$381$151
40 years$2,625$1,654$1,006$596$346$133
41 years$2,532$1,574$944$550$314$117
42 years$2,444$1,499$885$508$285$103
43 years$2,361$1,428$831$469$258$91
44 years$2,281$1,362$780$433$235$80
45 years$2,205$1,298$732$400$213$71
46 years$2,133$1,239$688$369$193$62
47 years$2,064$1,182$646$341$176$55
48 years$1,998$1,128$607$315$159$48
49 years$1,935$1,078$571$291$145$43
50 years$1,875$1,029$536$269$132$38

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 $5,207 every year, while hoping to spend $49,569 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: 50/31/19 Blend
39$1,920,000$1,920,000$1,920,000$1,920,000
40$2,121,211$2,019,451$1,989,691$2,215,809
41$2,284,834$2,065,663$2,003,605$2,327,941
42$2,463,484$2,112,478$2,016,323$2,444,219
43$2,658,643$2,159,874$2,027,754$2,569,533
44$2,871,941$2,207,824$2,037,800$2,704,754
45$3,105,172$2,256,300$2,046,359$2,850,842
46$3,360,312$2,305,271$2,053,324$3,008,853
47$3,639,536$2,354,701$2,058,583$3,179,953
48$3,945,240$2,404,553$2,062,016$3,365,426
49$4,280,061$2,454,783$2,063,501$3,566,688
50$4,646,905$2,505,345$2,062,906$3,785,299
51$5,048,971$2,556,188$2,060,095$4,022,978
52$5,489,782$2,607,257$2,054,924$4,281,621
53$5,973,219$2,658,492$2,047,243$4,563,318
54$6,503,556$2,709,827$2,036,894$4,870,370
55$7,085,501$2,761,191$2,023,713$5,205,317
56$7,724,240$2,812,507$2,007,525$5,570,957
57$8,425,485$2,863,693$1,988,150$5,970,375
58$9,195,528$2,914,657$1,965,396$6,406,972
59$10,041,301$2,965,304$1,939,066$6,884,496
60$10,970,439$3,015,530$1,908,950$7,407,081
61$11,991,355$3,065,221$1,874,831$7,979,282
62$13,113,315$3,114,259$1,836,479$8,606,122
63$14,346,528$3,162,512$1,793,656$9,293,136
64$15,702,242$3,209,843$1,746,111$10,046,428
65$17,192,848$3,256,103$1,693,584$10,872,727
66$18,831,999$3,301,133$1,635,799$11,779,450
67$20,634,736$3,344,762$1,572,472$12,774,772
68$22,617,631$3,386,807$1,503,302$13,867,707
69$24,798,943$3,427,075$1,427,976$15,068,192
70$27,198,791$3,465,356$1,346,168$16,387,179
71$29,839,338$3,501,429$1,257,536$17,836,744
72$32,745,009$3,535,058$1,161,722$19,430,195
73$35,942,714$3,565,989$1,058,353$21,182,206
74$39,462,102$3,593,954$947,039$23,108,950
75$43,335,844$3,618,666$827,373$25,228,256
76$47,599,940$3,639,820$698,930$27,559,775
77$52,294,054$3,657,091$561,264$30,125,173
78$57,461,893$3,670,135$413,912$32,948,328
79$63,151,619$3,678,584$256,391$36,055,562
80$69,416,298$3,682,048$88,194$39,475,890
81$76,314,405$3,680,114$0$43,241,294
82$83,910,375$3,672,340$0$47,405,536
83$92,275,209$3,658,260$0$52,009,247
84$101,487,144$3,637,379$0$57,077,477
85$111,632,392$3,609,170$0$62,657,555
86$122,805,953$3,573,076$0$68,801,644
87$135,112,509$3,528,505$0$75,567,232
88$148,667,415$3,474,832$0$83,017,675
89$163,597,784$3,411,392$0$91,222,794
90$180,043,689$3,337,481$0$100,259,542
91$198,159,483$3,252,355$0$110,212,722
92$218,115,255$3,155,225$0$121,175,797
93$240,098,436$3,045,257$0$133,251,768
94$264,315,567$2,921,565$0$146,554,153
95$290,994,250$2,783,216$0$161,208,052
96$320,385,290$2,629,221$0$177,351,340
97$352,765,070$2,458,532$0$195,135,960
98$388,438,152$2,270,046$0$214,729,366
99$427,740,157$2,062,591$0$236,316,104
100$471,040,927$1,834,933$0$260,099,553