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%12.4%
1 years$159,378$157,958$156,573$155,221$153,901$152,357
2 years$78,900$77,430$76,006$74,625$73,286$71,731
3 years$52,077$50,602$49,181$47,813$46,496$44,978
4 years$38,669$37,198$35,791$34,447$33,161$31,692
5 years$30,626$29,163$27,775$26,458$25,209$23,793
6 years$25,265$23,814$22,447$21,159$19,947$18,586
7 years$21,438$19,999$18,653$17,396$16,222$14,916
8 years$18,569$17,143$15,819$14,593$13,458$12,208
9 years$16,339$14,926$13,625$12,430$11,333$10,138
10 years$14,555$13,156$11,879$10,715$9,657$8,516
11 years$13,097$11,712$10,458$9,325$8,305$7,217
12 years$11,883$10,512$9,281$8,179$7,197$6,161
13 years$10,857$9,500$8,292$7,221$6,276$5,291
14 years$9,977$8,635$7,451$6,410$5,501$4,566
15 years$9,216$7,889$6,727$5,717$4,844$3,957
16 years$8,551$7,238$6,099$5,119$4,281$3,441
17 years$7,964$6,666$5,550$4,599$3,796$3,001
18 years$7,443$6,159$5,066$4,145$3,375$2,624
19 years$6,978$5,708$4,638$3,745$3,008$2,299
20 years$6,559$5,305$4,256$3,392$2,687$2,019
21 years$6,181$4,941$3,915$3,078$2,405$1,775
22 years$5,838$4,612$3,608$2,799$2,155$1,563
23 years$5,525$4,314$3,332$2,549$1,935$1,378
24 years$5,239$4,042$3,081$2,325$1,739$1,216
25 years$4,976$3,793$2,854$2,123$1,565$1,074
26 years$4,733$3,565$2,647$1,941$1,410$950
27 years$4,509$3,355$2,458$1,777$1,271$840
28 years$4,302$3,161$2,285$1,628$1,147$744
29 years$4,108$2,982$2,126$1,493$1,035$659
30 years$3,929$2,816$1,980$1,370$936$584
31 years$3,761$2,662$1,846$1,258$846$518
32 years$3,604$2,519$1,723$1,157$765$459
33 years$3,456$2,386$1,608$1,064$692$408
34 years$3,318$2,261$1,503$979$627$362
35 years$3,188$2,145$1,405$901$568$321
36 years$3,065$2,036$1,314$830$515$285
37 years$2,950$1,933$1,230$764$466$253
38 years$2,840$1,837$1,152$705$423$225
39 years$2,737$1,747$1,079$650$383$200
40 years$2,639$1,662$1,012$599$348$178
41 years$2,546$1,582$949$553$315$158
42 years$2,457$1,507$890$510$286$140
43 years$2,373$1,436$835$471$260$125
44 years$2,293$1,369$784$435$236$111
45 years$2,217$1,305$736$402$214$99
46 years$2,144$1,245$691$371$194$88
47 years$2,075$1,188$649$343$176$78
48 years$2,008$1,134$610$317$160$69
49 years$1,945$1,083$574$293$146$62
50 years$1,884$1,035$539$271$132$55

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 $5,314 every year, while hoping to spend $41,997 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: 74/14/12 Blend
39$1,930,000$1,930,000$1,930,000$1,930,000
40$2,132,341$2,030,051$2,000,136$2,284,599
41$2,305,156$2,084,839$2,022,456$2,440,672
42$2,494,190$2,140,905$2,044,117$2,605,867
43$2,701,053$2,198,265$2,065,051$2,785,705
44$2,927,519$2,256,938$2,085,188$2,981,627
45$3,175,539$2,316,942$2,104,456$3,195,218
46$3,447,264$2,378,292$2,122,775$3,428,224
47$3,745,062$2,441,005$2,140,065$3,682,568
48$4,071,539$2,505,095$2,156,238$3,960,368
49$4,429,568$2,570,577$2,171,204$4,263,958
50$4,822,313$2,637,464$2,184,868$4,595,906
51$5,253,256$2,705,767$2,197,128$4,959,044
52$5,726,236$2,775,498$2,207,880$5,356,490
53$6,245,481$2,846,665$2,217,012$5,791,679
54$6,815,646$2,919,278$2,224,408$6,268,394
55$7,441,861$2,993,342$2,229,945$6,790,806
56$8,129,778$3,068,862$2,233,495$7,363,507
57$8,885,620$3,145,842$2,234,923$7,991,558
58$9,716,247$3,224,282$2,234,086$8,680,533
59$10,629,213$3,304,180$2,230,837$9,436,575
60$11,632,842$3,385,534$2,225,018$10,266,452
61$12,736,303$3,468,336$2,216,468$11,177,622
62$13,949,700$3,552,579$2,205,014$12,178,300
63$15,284,164$3,638,250$2,190,476$13,277,541
64$16,751,958$3,725,334$2,172,667$14,485,318
65$18,366,595$3,813,812$2,151,388$15,812,625
66$20,142,961$3,903,663$2,126,434$17,271,574
67$22,097,461$3,994,860$2,097,587$18,875,509
68$24,248,168$4,087,374$2,064,621$20,639,137
69$26,614,994$4,181,168$2,027,300$22,578,664
70$29,219,882$4,276,205$1,985,373$24,711,945
71$32,087,009$4,372,438$1,938,582$27,058,658
72$35,243,014$4,469,817$1,886,655$29,640,487
73$38,717,251$4,568,287$1,829,306$32,481,323
74$42,542,061$4,667,784$1,766,239$35,607,499
75$46,753,086$4,768,240$1,697,143$39,048,027
76$51,389,595$4,869,577$1,621,691$42,834,881
77$56,494,859$4,971,713$1,539,544$47,003,294
78$62,116,562$5,074,554$1,450,346$51,592,092
79$68,307,245$5,178,000$1,353,725$56,644,062
80$75,124,803$5,281,941$1,249,294$62,206,353
81$82,633,034$5,386,257$1,136,646$68,330,921
82$90,902,237$5,490,818$1,015,358$75,075,025
83$100,009,879$5,595,482$884,987$82,501,761
84$110,041,323$5,700,097$745,070$90,680,661
85$121,090,633$5,804,496$595,124$99,688,350
86$133,261,462$5,908,502$434,646$109,609,265
87$146,668,034$6,011,921$263,109$120,536,461
88$161,436,213$6,114,545$79,963$132,572,480
89$177,704,700$6,216,151$0$145,830,325
90$195,626,336$6,316,498$0$160,449,313
91$215,369,544$6,415,329$0$176,563,777
92$237,119,924$6,512,366$0$194,314,778
93$261,081,997$6,607,313$0$213,869,055
94$287,481,140$6,699,851$0$235,410,353
95$316,565,713$6,789,640$0$259,141,152
96$348,609,399$6,876,315$0$285,284,583
97$383,913,791$6,959,489$0$314,086,532
98$422,811,238$7,038,744$0$345,817,961
99$465,667,979$7,113,637$0$380,777,464
100$512,887,603$7,183,695$0$419,294,091