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%13.3%
1 years$158,552$157,140$155,762$154,417$153,103$151,003
2 years$78,491$77,029$75,612$74,239$72,906$70,794
3 years$51,808$50,339$48,926$47,566$46,255$44,196
4 years$38,468$37,005$35,606$34,268$32,989$31,000
5 years$30,467$29,012$27,632$26,321$25,078$23,164
6 years$25,135$23,691$22,330$21,049$19,843$18,007
7 years$21,327$19,895$18,557$17,306$16,138$14,379
8 years$18,473$17,054$15,738$14,517$13,388$11,707
9 years$16,254$14,849$13,555$12,366$11,275$9,671
10 years$14,480$13,088$11,817$10,659$9,607$8,079
11 years$13,029$11,652$10,404$9,277$8,262$6,809
12 years$11,822$10,458$9,233$8,137$7,160$5,780
13 years$10,800$9,451$8,249$7,184$6,243$4,935
14 years$9,926$8,591$7,412$6,377$5,473$4,233
15 years$9,168$7,848$6,692$5,687$4,819$3,646
16 years$8,506$7,200$6,067$5,092$4,259$3,151
17 years$7,923$6,631$5,521$4,575$3,776$2,731
18 years$7,405$6,127$5,040$4,123$3,358$2,372
19 years$6,942$5,679$4,614$3,726$2,993$2,065
20 years$6,525$5,277$4,234$3,374$2,673$1,801
21 years$6,149$4,915$3,895$3,062$2,392$1,573
22 years$5,808$4,588$3,590$2,784$2,144$1,376
23 years$5,497$4,291$3,314$2,536$1,925$1,205
24 years$5,212$4,021$3,065$2,313$1,730$1,056
25 years$4,950$3,773$2,839$2,112$1,557$926
26 years$4,709$3,546$2,633$1,931$1,402$813
27 years$4,486$3,337$2,445$1,768$1,264$714
28 years$4,279$3,145$2,273$1,620$1,141$628
29 years$4,087$2,967$2,115$1,485$1,030$552
30 years$3,908$2,802$1,970$1,363$931$486
31 years$3,741$2,649$1,837$1,252$841$427
32 years$3,585$2,506$1,714$1,151$761$376
33 years$3,438$2,373$1,600$1,058$689$331
34 years$3,301$2,249$1,495$973$624$292
35 years$3,171$2,134$1,398$896$565$257
36 years$3,049$2,025$1,308$825$512$227
37 years$2,934$1,923$1,224$760$464$200
38 years$2,825$1,828$1,146$701$421$176
39 years$2,723$1,738$1,074$646$381$155
40 years$2,625$1,654$1,006$596$346$137
41 years$2,532$1,574$944$550$314$121
42 years$2,444$1,499$885$508$285$107
43 years$2,361$1,428$831$469$258$94
44 years$2,281$1,362$780$433$235$83
45 years$2,205$1,298$732$400$213$73
46 years$2,133$1,239$688$369$193$65
47 years$2,064$1,182$646$341$176$57
48 years$1,998$1,128$607$315$159$50
49 years$1,935$1,078$571$291$145$44
50 years$1,875$1,029$536$269$132$39

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 $3,081 every year, while hoping to spend $43,645 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: 48/38/14 Blend
39$1,920,000$1,920,000$1,920,000$1,920,000
40$2,119,018$2,017,258$1,987,498$2,212,337
41$2,288,720$2,069,666$2,007,641$2,329,493
42$2,474,269$2,123,179$2,026,997$2,451,879
43$2,677,234$2,177,805$2,045,491$2,583,799
44$2,899,346$2,233,551$2,063,049$2,726,162
45$3,142,508$2,290,424$2,079,590$2,879,965
46$3,408,817$2,348,427$2,095,029$3,046,306
47$3,700,580$2,407,564$2,109,277$3,226,396
48$4,020,342$2,467,837$2,122,240$3,421,566
49$4,370,902$2,529,246$2,133,820$3,633,284
50$4,755,344$2,591,790$2,143,913$3,863,165
51$5,177,065$2,655,464$2,152,411$4,112,990
52$5,639,808$2,720,263$2,159,198$4,384,719
53$6,147,693$2,786,181$2,164,155$4,680,512
54$6,705,259$2,853,205$2,167,157$5,002,747
55$7,317,508$2,921,325$2,168,069$5,354,046
56$7,989,949$2,990,525$2,166,754$5,737,298
57$8,728,649$3,060,785$2,163,065$6,155,683
58$9,540,293$3,132,087$2,156,851$6,612,707
59$10,432,248$3,204,403$2,147,949$7,112,233
60$11,412,625$3,277,707$2,136,194$7,658,517
61$12,490,363$3,351,965$2,121,407$8,256,250
62$13,675,311$3,427,143$2,103,405$8,910,599
63$14,978,318$3,503,198$2,081,994$9,627,260
64$16,411,338$3,580,086$2,056,972$10,412,507
65$17,987,541$3,657,756$2,028,127$11,273,259
66$19,721,437$3,736,153$1,995,236$12,217,134
67$21,629,014$3,815,215$1,958,067$13,252,533
68$23,727,887$3,894,874$1,916,376$14,388,712
69$26,037,466$3,975,058$1,869,910$15,635,871
70$28,579,137$4,055,685$1,818,400$17,005,251
71$31,376,462$4,136,666$1,761,570$18,509,242
72$34,455,405$4,217,907$1,699,126$20,161,497
73$37,844,574$4,299,302$1,630,765$21,977,063
74$41,575,492$4,380,740$1,556,168$23,972,524
75$45,682,893$4,462,097$1,475,000$26,166,156
76$50,205,051$4,543,242$1,386,915$28,578,100
77$55,184,137$4,624,032$1,291,547$31,230,556
78$60,666,622$4,704,312$1,188,517$34,147,989
79$66,703,712$4,783,919$1,077,428$37,357,360
80$73,351,832$4,862,672$957,863$40,888,386
81$80,673,157$4,940,381$829,390$44,773,816
82$88,736,200$5,016,840$691,555$49,049,744
83$97,616,456$5,091,829$543,885$53,755,946
84$107,397,116$5,165,111$385,887$58,936,264
85$118,169,854$5,236,432$217,046$64,639,013
86$130,035,684$5,305,523$36,823$70,917,441
87$143,105,923$5,372,093$0$77,830,233
88$157,503,235$5,435,833$0$85,465,296
89$173,362,788$5,496,412$0$93,878,058
90$190,833,534$5,553,478$0$103,141,662
91$210,079,610$5,606,654$0$113,342,779
92$231,281,888$5,655,538$0$124,576,923
93$254,639,685$5,699,704$0$136,949,353
94$280,372,640$5,738,696$0$150,576,068
95$308,722,786$5,772,029$0$165,584,901
96$339,956,840$5,799,188$0$182,116,727
97$374,368,713$5,819,624$0$200,326,794
98$412,282,290$5,832,754$0$220,386,192
99$454,054,484$5,837,958$0$242,483,465
100$500,078,601$5,834,579$0$266,826,396