Can I retire at age 40 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$159,378$157,958$156,573$155,221$153,901$149,034
2 years$78,900$77,430$76,006$74,625$73,286$68,427
3 years$52,077$50,602$49,181$47,813$46,496$41,797
4 years$38,669$37,198$35,791$34,447$33,161$28,658
5 years$30,626$29,163$27,775$26,458$25,209$20,914
6 years$25,265$23,814$22,447$21,159$19,947$15,864
7 years$21,438$19,999$18,653$17,396$16,222$12,351
8 years$18,569$17,143$15,819$14,593$13,458$9,795
9 years$16,339$14,926$13,625$12,430$11,333$7,876
10 years$14,555$13,156$11,879$10,715$9,657$6,399
11 years$13,097$11,712$10,458$9,325$8,305$5,241
12 years$11,883$10,512$9,281$8,179$7,197$4,320
13 years$10,857$9,500$8,292$7,221$6,276$3,579
14 years$9,977$8,635$7,451$6,410$5,501$2,978
15 years$9,216$7,889$6,727$5,717$4,844$2,486
16 years$8,551$7,238$6,099$5,119$4,281$2,081
17 years$7,964$6,666$5,550$4,599$3,796$1,745
18 years$7,443$6,159$5,066$4,145$3,375$1,467
19 years$6,978$5,708$4,638$3,745$3,008$1,235
20 years$6,559$5,305$4,256$3,392$2,687$1,041
21 years$6,181$4,941$3,915$3,078$2,405$879
22 years$5,838$4,612$3,608$2,799$2,155$742
23 years$5,525$4,314$3,332$2,549$1,935$627
24 years$5,239$4,042$3,081$2,325$1,739$531
25 years$4,976$3,793$2,854$2,123$1,565$449
26 years$4,733$3,565$2,647$1,941$1,410$380
27 years$4,509$3,355$2,458$1,777$1,271$322
28 years$4,302$3,161$2,285$1,628$1,147$273
29 years$4,108$2,982$2,126$1,493$1,035$231
30 years$3,929$2,816$1,980$1,370$936$196
31 years$3,761$2,662$1,846$1,258$846$166
32 years$3,604$2,519$1,723$1,157$765$141
33 years$3,456$2,386$1,608$1,064$692$120
34 years$3,318$2,261$1,503$979$627$101
35 years$3,188$2,145$1,405$901$568$86
36 years$3,065$2,036$1,314$830$515$73
37 years$2,950$1,933$1,230$764$466$62
38 years$2,840$1,837$1,152$705$423$53
39 years$2,737$1,747$1,079$650$383$45
40 years$2,639$1,662$1,012$599$348$38
41 years$2,546$1,582$949$553$315$32
42 years$2,457$1,507$890$510$286$27
43 years$2,373$1,436$835$471$260$23
44 years$2,293$1,369$784$435$236$20
45 years$2,217$1,305$736$402$214$17
46 years$2,144$1,245$691$371$194$14
47 years$2,075$1,188$649$343$176$12
48 years$2,008$1,134$610$317$160$10
49 years$1,945$1,083$574$293$146$9
50 years$1,884$1,035$539$271$132$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,930,000, adding $5,991 every year, while hoping to spend $56,671 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: 32/41/27 Blend
39$1,930,000$1,930,000$1,930,000$1,930,000
40$2,133,040$2,030,750$2,000,835$2,183,541
41$2,290,312$2,069,959$2,007,565$2,261,850
42$2,461,727$2,109,190$2,012,622$2,340,699
43$2,648,667$2,148,384$2,015,888$2,424,511
44$2,852,654$2,187,478$2,017,244$2,513,762
45$3,075,364$2,226,403$2,016,560$2,608,978
46$3,318,639$2,265,085$2,013,703$2,710,739
47$3,584,510$2,303,444$2,008,532$2,819,688
48$3,875,213$2,341,395$2,000,900$2,936,535
49$4,193,207$2,378,846$1,990,653$3,062,066
50$4,541,202$2,415,698$1,977,628$3,197,148
51$4,922,182$2,451,845$1,961,656$3,342,742
52$5,339,432$2,487,172$1,942,559$3,499,906
53$5,796,570$2,521,559$1,920,150$3,669,812
54$6,297,580$2,554,876$1,894,235$3,853,756
55$6,846,850$2,586,982$1,864,609$4,053,168
56$7,449,214$2,617,729$1,831,059$4,269,629
57$8,109,995$2,646,959$1,793,360$4,504,886
58$8,835,056$2,674,501$1,751,279$4,760,867
59$9,630,854$2,700,175$1,704,570$5,039,704
60$10,504,505$2,723,787$1,652,977$5,343,752
61$11,463,844$2,745,132$1,596,231$5,675,611
62$12,517,505$2,763,992$1,534,053$6,038,152
63$13,674,995$2,780,132$1,466,149$6,434,548
64$14,946,792$2,793,306$1,392,212$6,868,301
65$16,344,435$2,803,249$1,311,922$7,343,277
66$17,880,641$2,809,681$1,224,944$7,863,747
67$19,569,414$2,812,304$1,130,928$8,434,425
68$21,426,189$2,810,801$1,029,508$9,060,513
69$23,467,967$2,804,836$920,303$9,747,758
70$25,713,479$2,794,053$802,913$10,502,501
71$28,183,365$2,778,073$676,922$11,331,740
72$30,900,363$2,756,493$541,894$12,243,199
73$33,889,527$2,728,889$397,374$13,245,405
74$37,178,462$2,694,807$242,889$14,347,765
75$40,797,583$2,653,770$77,944$15,560,662
76$44,780,402$2,605,271$0$16,895,550
77$49,163,844$2,548,770$0$18,393,327
78$53,988,597$2,483,701$0$20,065,481
79$59,299,491$2,409,459$0$21,905,084
80$65,145,923$2,325,407$0$23,929,279
81$71,582,325$2,230,870$0$26,156,969
82$78,668,673$2,125,133$0$28,608,996
83$86,471,055$2,007,441$0$31,308,338
84$95,062,292$1,876,995$0$34,280,330
85$104,522,627$1,732,950$0$37,552,904
86$114,940,482$1,574,412$0$41,156,855
87$126,413,290$1,400,436$0$45,126,135
88$139,048,413$1,210,026$0$49,498,173
89$152,964,160$1,002,126$0$54,314,233
90$168,290,897$775,622$0$59,619,808
91$185,172,278$529,338$0$65,465,047
92$203,766,606$262,030$0$71,905,239
93$224,248,318$0$0$79,001,331
94$246,809,636$0$0$86,832,967
95$271,662,381$0$0$95,590,677
96$299,039,967$0$0$105,238,546
97$329,199,610$0$0$115,867,273
98$362,424,750$0$0$127,576,803
99$399,027,728$0$0$140,477,275
100$439,352,733$0$0$154,690,055