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

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$158,552$157,140$155,762$154,417$153,103$152,330
2 years$78,491$77,029$75,612$74,239$72,906$72,126
3 years$51,808$50,339$48,926$47,566$46,255$45,491
4 years$38,468$37,005$35,606$34,268$32,989$32,249
5 years$30,467$29,012$27,632$26,321$25,078$24,363
6 years$25,135$23,691$22,330$21,049$19,843$19,154
7 years$21,327$19,895$18,557$17,306$16,138$15,475
8 years$18,473$17,054$15,738$14,517$13,388$12,751
9 years$16,254$14,849$13,555$12,366$11,275$10,664
10 years$14,480$13,088$11,817$10,659$9,607$9,022
11 years$13,029$11,652$10,404$9,277$8,262$7,703
12 years$11,822$10,458$9,233$8,137$7,160$6,626
13 years$10,800$9,451$8,249$7,184$6,243$5,734
14 years$9,926$8,591$7,412$6,377$5,473$4,988
15 years$9,168$7,848$6,692$5,687$4,819$4,357
16 years$8,506$7,200$6,067$5,092$4,259$3,820
17 years$7,923$6,631$5,521$4,575$3,776$3,360
18 years$7,405$6,127$5,040$4,123$3,358$2,962
19 years$6,942$5,679$4,614$3,726$2,993$2,618
20 years$6,525$5,277$4,234$3,374$2,673$2,319
21 years$6,149$4,915$3,895$3,062$2,392$2,057
22 years$5,808$4,588$3,590$2,784$2,144$1,828
23 years$5,497$4,291$3,314$2,536$1,925$1,626
24 years$5,212$4,021$3,065$2,313$1,730$1,448
25 years$4,950$3,773$2,839$2,112$1,557$1,291
26 years$4,709$3,546$2,633$1,931$1,402$1,153
27 years$4,486$3,337$2,445$1,768$1,264$1,029
28 years$4,279$3,145$2,273$1,620$1,141$920
29 years$4,087$2,967$2,115$1,485$1,030$823
30 years$3,908$2,802$1,970$1,363$931$737
31 years$3,741$2,649$1,837$1,252$841$660
32 years$3,585$2,506$1,714$1,151$761$591
33 years$3,438$2,373$1,600$1,058$689$529
34 years$3,301$2,249$1,495$973$624$475
35 years$3,171$2,134$1,398$896$565$426
36 years$3,049$2,025$1,308$825$512$382
37 years$2,934$1,923$1,224$760$464$343
38 years$2,825$1,828$1,146$701$421$307
39 years$2,723$1,738$1,074$646$381$276
40 years$2,625$1,654$1,006$596$346$248
41 years$2,532$1,574$944$550$314$223
42 years$2,444$1,499$885$508$285$200
43 years$2,361$1,428$831$469$258$179
44 years$2,281$1,362$780$433$235$161
45 years$2,205$1,298$732$400$213$145
46 years$2,133$1,239$688$369$193$130
47 years$2,064$1,182$646$341$176$117
48 years$1,998$1,128$607$315$159$105
49 years$1,935$1,078$571$291$145$94
50 years$1,875$1,029$536$269$132$85

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 $4,155 every year, while hoping to spend $34,173 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: 71/7/22 Blend
39$1,920,000$1,920,000$1,920,000$1,920,000
40$2,120,126$2,018,366$1,988,606$2,258,830
41$2,300,019$2,080,906$2,018,864$2,414,437
42$2,497,116$2,145,365$2,048,991$2,580,328
43$2,713,135$2,211,802$2,078,946$2,761,133
44$2,949,970$2,280,275$2,108,685$2,958,328
45$3,209,704$2,350,846$2,138,164$3,173,539
46$3,494,635$2,423,579$2,167,334$3,408,556
47$3,807,292$2,498,538$2,196,143$3,665,351
48$4,150,460$2,575,790$2,224,538$3,946,096
49$4,527,208$2,655,405$2,252,461$4,253,184
50$4,940,916$2,737,453$2,279,852$4,589,253
51$5,395,309$2,822,008$2,306,646$4,957,206
52$5,894,488$2,909,143$2,332,776$5,360,243
53$6,442,972$2,998,938$2,358,171$5,801,889
54$7,045,740$3,091,470$2,382,754$6,286,029
55$7,708,276$3,186,823$2,406,447$6,816,942
56$8,436,622$3,285,080$2,429,165$7,399,343
57$9,237,436$3,386,327$2,450,821$8,038,426
58$10,118,052$3,490,655$2,471,321$8,739,916
59$11,086,551$3,598,154$2,490,567$9,510,120
60$12,151,834$3,708,919$2,508,457$10,355,986
61$13,323,712$3,823,046$2,524,881$11,285,174
62$14,612,992$3,940,637$2,539,725$12,306,119
63$16,031,581$4,061,792$2,552,870$13,428,120
64$17,592,601$4,186,618$2,564,190$14,661,421
65$19,310,507$4,315,224$2,573,551$16,017,311
66$21,201,228$4,447,720$2,580,815$17,508,231
67$23,282,317$4,584,221$2,585,835$19,147,888
68$25,573,111$4,724,845$2,588,458$20,951,387
69$28,094,920$4,869,715$2,588,523$22,935,374
70$30,871,224$5,018,953$2,585,861$25,118,190
71$33,927,895$5,172,688$2,580,295$27,520,048
72$37,293,444$5,331,053$2,571,637$30,163,223
73$40,999,282$5,494,182$2,559,694$33,072,257
74$45,080,026$5,662,214$2,544,261$36,274,200
75$49,573,819$5,835,292$2,525,124$39,798,856
76$54,522,691$6,013,564$2,502,058$43,679,072
77$59,972,956$6,197,180$2,474,828$47,951,043
78$65,975,651$6,386,295$2,443,188$52,654,655
79$72,587,013$6,581,068$2,406,880$57,833,863
80$79,869,011$6,781,664$2,365,633$63,537,106
81$87,889,934$6,988,249$2,319,166$69,817,760
82$96,725,031$7,200,997$2,267,182$76,734,649
83$106,457,223$7,420,085$2,209,372$84,352,594
84$117,177,886$7,645,695$2,145,411$92,743,029
85$128,987,709$7,878,013$2,074,962$101,984,674
86$141,997,652$8,117,232$1,997,669$112,164,278
87$156,329,984$8,363,549$1,913,163$123,377,440
88$172,119,445$8,617,165$1,821,056$135,729,507
89$189,514,510$8,878,287$1,720,943$149,336,575
90$208,678,796$9,147,130$1,612,402$164,326,580
91$229,792,605$9,423,911$1,494,988$180,840,510
92$253,054,622$9,708,854$1,368,242$199,033,732
93$278,683,795$10,002,189$1,231,679$219,077,462
94$306,921,398$10,304,152$1,084,796$241,160,382
95$338,033,310$10,614,985$927,066$265,490,418
96$372,312,523$10,934,935$757,939$292,296,709
97$410,081,911$11,264,257$576,840$321,831,763
98$451,697,272$11,603,211$383,170$354,373,850
99$497,550,690$11,952,065$176,303$390,229,621
100$548,074,236$12,311,092$0$429,737,008