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%14.2%
1 years$159,378$157,958$156,573$155,221$153,901$151,227
2 years$78,900$77,430$76,006$74,625$73,286$70,601
3 years$52,077$50,602$49,181$47,813$46,496$43,883
4 years$38,669$37,198$35,791$34,447$33,161$30,641
5 years$30,626$29,163$27,775$26,458$25,209$22,788
6 years$25,265$23,814$22,447$21,159$19,947$17,628
7 years$21,438$19,999$18,653$17,396$16,222$14,007
8 years$18,569$17,143$15,819$14,593$13,458$11,345
9 years$16,339$14,926$13,625$12,430$11,333$9,322
10 years$14,555$13,156$11,879$10,715$9,657$7,745
11 years$13,097$11,712$10,458$9,325$8,305$6,491
12 years$11,883$10,512$9,281$8,179$7,197$5,478
13 years$10,857$9,500$8,292$7,221$6,276$4,649
14 years$9,977$8,635$7,451$6,410$5,501$3,964
15 years$9,216$7,889$6,727$5,717$4,844$3,393
16 years$8,551$7,238$6,099$5,119$4,281$2,914
17 years$7,964$6,666$5,550$4,599$3,796$2,510
18 years$7,443$6,159$5,066$4,145$3,375$2,166
19 years$6,978$5,708$4,638$3,745$3,008$1,873
20 years$6,559$5,305$4,256$3,392$2,687$1,623
21 years$6,181$4,941$3,915$3,078$2,405$1,408
22 years$5,838$4,612$3,608$2,799$2,155$1,223
23 years$5,525$4,314$3,332$2,549$1,935$1,063
24 years$5,239$4,042$3,081$2,325$1,739$925
25 years$4,976$3,793$2,854$2,123$1,565$806
26 years$4,733$3,565$2,647$1,941$1,410$702
27 years$4,509$3,355$2,458$1,777$1,271$613
28 years$4,302$3,161$2,285$1,628$1,147$534
29 years$4,108$2,982$2,126$1,493$1,035$467
30 years$3,929$2,816$1,980$1,370$936$407
31 years$3,761$2,662$1,846$1,258$846$356
32 years$3,604$2,519$1,723$1,157$765$311
33 years$3,456$2,386$1,608$1,064$692$272
34 years$3,318$2,261$1,503$979$627$238
35 years$3,188$2,145$1,405$901$568$208
36 years$3,065$2,036$1,314$830$515$182
37 years$2,950$1,933$1,230$764$466$159
38 years$2,840$1,837$1,152$705$423$139
39 years$2,737$1,747$1,079$650$383$122
40 years$2,639$1,662$1,012$599$348$107
41 years$2,546$1,582$949$553$315$93
42 years$2,457$1,507$890$510$286$82
43 years$2,373$1,436$835$471$260$71
44 years$2,293$1,369$784$435$236$62
45 years$2,217$1,305$736$402$214$55
46 years$2,144$1,245$691$371$194$48
47 years$2,075$1,188$649$343$176$42
48 years$2,008$1,134$610$317$160$37
49 years$1,945$1,083$574$293$146$32
50 years$1,884$1,035$539$271$132$28

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 $6,485 every year, while hoping to spend $45,252 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: 36/48/16 Blend
39$1,930,000$1,930,000$1,930,000$1,930,000
40$2,133,549$2,031,259$2,001,344$2,199,705
41$2,303,024$2,082,643$2,020,242$2,299,534
42$2,488,267$2,135,028$2,038,255$2,402,479
43$2,690,842$2,188,416$2,055,308$2,512,648
44$2,912,465$2,242,806$2,071,318$2,630,710
45$3,155,030$2,298,196$2,086,200$2,757,401
46$3,420,618$2,354,583$2,099,864$2,893,529
47$3,711,526$2,411,963$2,112,214$3,039,989
48$4,030,280$2,470,327$2,123,151$3,197,760
49$4,379,662$2,529,667$2,132,570$3,367,927
50$4,762,738$2,589,970$2,140,361$3,551,681
51$5,182,882$2,651,224$2,146,408$3,750,334
52$5,643,813$2,713,410$2,150,590$3,965,334
53$6,149,625$2,776,511$2,152,778$4,198,274
54$6,704,830$2,840,503$2,152,839$4,450,911
55$7,314,395$2,905,361$2,150,632$4,725,179
56$7,983,796$2,971,055$2,146,010$5,023,211
57$8,719,060$3,037,554$2,138,819$5,347,358
58$9,526,830$3,104,820$2,128,895$5,700,208
59$10,414,422$3,172,812$2,116,069$6,084,617
60$11,389,899$3,241,486$2,100,163$6,503,730
61$12,462,140$3,310,790$2,080,990$6,961,015
62$13,640,930$3,380,670$2,058,355$7,460,292
63$14,937,047$3,451,066$2,032,052$8,005,775
64$16,362,368$3,521,910$2,001,867$8,602,105
65$17,929,976$3,593,130$1,967,577$9,254,400
66$19,654,288$3,664,647$1,928,945$9,968,301
67$21,551,186$3,736,376$1,885,725$10,750,024
68$23,638,171$3,808,222$1,837,661$11,606,424
69$25,934,525$3,880,085$1,784,483$12,545,054
70$28,461,492$3,951,855$1,725,909$13,574,241
71$31,242,482$4,023,414$1,661,644$14,703,165
72$34,303,287$4,094,633$1,591,381$15,941,941
73$37,672,327$4,165,375$1,514,798$17,301,723
74$41,380,918$4,235,492$1,431,557$18,794,804
75$45,463,565$4,304,824$1,341,307$20,434,735
76$49,958,288$4,373,200$1,243,680$22,236,452
77$54,906,982$4,440,435$1,138,292$24,216,420
78$60,355,811$4,506,333$1,024,742$26,392,788
79$66,355,642$4,570,682$902,609$28,785,560
80$72,962,528$4,633,256$771,457$31,416,786
81$80,238,232$4,693,812$630,827$34,310,774
82$88,250,814$4,752,091$480,242$37,494,313
83$97,075,270$4,807,817$319,203$40,996,936
84$106,794,242$4,860,694$147,190$44,851,193
85$117,498,793$4,910,406$0$49,092,963
86$129,289,272$4,956,618$0$53,768,003
87$142,276,256$4,998,971$0$58,940,914
88$156,581,596$5,037,083$0$64,634,688
89$172,339,566$5,070,546$0$70,902,390
90$189,698,127$5,098,929$0$77,802,499
91$208,820,330$5,121,770$0$85,399,469
92$229,885,847$5,138,580$0$93,764,332
93$253,092,670$5,148,838$0$102,975,372
94$278,658,981$5,151,990$0$113,118,867
95$306,825,208$5,147,448$0$124,289,902
96$337,856,295$5,134,589$0$136,593,273
97$372,044,203$5,112,749$0$150,144,470
98$409,710,664$5,081,226$0$165,070,776
99$451,210,219$5,039,274$0$181,512,470
100$496,933,565$4,986,102$0$199,624,148