Can I retire at age 40 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$160,203$158,776$157,384$156,025$154,698$149,627
2 years$79,309$77,832$76,400$75,012$73,666$68,605
3 years$52,347$50,864$49,436$48,061$46,737$41,845
4 years$38,869$37,390$35,977$34,625$33,333$28,648
5 years$30,784$29,314$27,919$26,596$25,339$20,873
6 years$25,396$23,937$22,563$21,269$20,050$15,807
7 years$21,549$20,103$18,750$17,486$16,306$12,286
8 years$18,665$17,232$15,901$14,669$13,527$9,726
9 years$16,423$15,003$13,696$12,494$11,392$7,806
10 years$14,631$13,225$11,940$10,770$9,707$6,330
11 years$13,165$11,773$10,512$9,373$8,348$5,175
12 years$11,945$10,567$9,329$8,222$7,234$4,257
13 years$10,913$9,549$8,335$7,259$6,308$3,520
14 years$10,029$8,680$7,489$6,443$5,530$2,922
15 years$9,264$7,929$6,762$5,746$4,869$2,434
16 years$8,595$7,275$6,130$5,145$4,303$2,033
17 years$8,005$6,700$5,578$4,623$3,816$1,702
18 years$7,482$6,191$5,092$4,166$3,393$1,427
19 years$7,014$5,738$4,662$3,765$3,024$1,199
20 years$6,593$5,332$4,278$3,409$2,701$1,008
21 years$6,213$4,967$3,935$3,094$2,417$849
22 years$5,868$4,636$3,627$2,813$2,167$715
23 years$5,554$4,336$3,349$2,562$1,945$603
24 years$5,266$4,063$3,097$2,337$1,748$509
25 years$5,002$3,813$2,869$2,134$1,573$430
26 years$4,758$3,583$2,660$1,951$1,417$363
27 years$4,533$3,372$2,470$1,786$1,277$307
28 years$4,324$3,178$2,297$1,637$1,153$259
29 years$4,130$2,998$2,137$1,501$1,041$219
30 years$3,949$2,831$1,991$1,377$940$185
31 years$3,780$2,676$1,856$1,265$850$157
32 years$3,622$2,532$1,732$1,163$769$133
33 years$3,474$2,398$1,617$1,069$696$112
34 years$3,335$2,273$1,511$984$630$95
35 years$3,204$2,156$1,412$905$571$80
36 years$3,081$2,046$1,321$834$517$68
37 years$2,965$1,943$1,237$768$469$58
38 years$2,855$1,847$1,158$708$425$49
39 years$2,751$1,756$1,085$653$385$41
40 years$2,652$1,671$1,017$602$350$35
41 years$2,559$1,591$954$556$317$30
42 years$2,470$1,515$894$513$288$25
43 years$2,385$1,443$839$473$261$21
44 years$2,305$1,376$788$437$237$18
45 years$2,228$1,312$740$404$215$15
46 years$2,155$1,251$695$373$195$13
47 years$2,086$1,194$653$345$177$11
48 years$2,019$1,140$613$318$161$9
49 years$1,955$1,089$577$294$146$8
50 years$1,894$1,040$542$272$133$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,940,000, adding $4,279 every year, while hoping to spend $44,401 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: 73/12/15 Blend
39$1,940,000$1,940,000$1,940,000$1,940,000
40$2,142,294$2,039,474$2,009,404$2,291,250
41$2,313,565$2,092,166$2,029,476$2,443,185
42$2,500,819$2,145,951$2,048,734$2,603,706
43$2,705,637$2,200,838$2,067,101$2,778,361
44$2,929,763$2,256,830$2,084,500$2,968,542
45$3,175,117$2,313,932$2,100,848$3,175,782
46$3,443,812$2,372,148$2,116,060$3,401,766
47$3,738,176$2,431,479$2,130,044$3,648,355
48$4,060,773$2,491,924$2,142,703$3,917,596
49$4,414,426$2,553,483$2,153,938$4,211,744
50$4,802,244$2,616,150$2,163,641$4,533,284
51$5,227,653$2,679,921$2,171,703$4,884,953
52$5,694,424$2,744,788$2,178,005$5,269,768
53$6,206,712$2,810,740$2,182,426$5,691,049
54$6,769,095$2,877,764$2,184,835$6,152,458
55$7,386,613$2,945,845$2,185,098$6,658,028
56$8,064,821$3,014,965$2,183,072$7,212,203
57$8,809,837$3,085,103$2,178,609$7,819,877
58$9,628,401$3,156,233$2,171,553$8,486,447
59$10,527,936$3,228,327$2,161,738$9,217,856
60$11,516,623$3,301,352$2,148,994$10,020,655
61$12,603,474$3,375,274$2,133,141$10,902,059
62$13,798,417$3,450,050$2,113,989$11,870,023
63$15,112,389$3,525,637$2,091,342$12,933,308
64$16,557,442$3,601,983$2,064,991$14,101,573
65$18,146,854$3,679,033$2,034,721$15,385,457
66$19,895,253$3,756,725$2,000,305$16,796,686
67$21,818,758$3,834,994$1,961,504$18,348,182
68$23,935,127$3,913,764$1,918,070$20,054,183
69$26,263,928$3,992,957$1,869,743$21,930,380
70$28,826,720$4,072,483$1,816,251$23,994,065
71$31,647,259$4,152,248$1,757,309$26,264,291
72$34,751,720$4,232,148$1,692,619$28,762,057
73$38,168,943$4,312,071$1,621,869$31,510,502
74$41,930,708$4,391,896$1,544,735$34,535,125
75$46,072,033$4,471,491$1,460,876$37,864,027
76$50,631,500$4,550,715$1,369,936$41,528,176
77$55,651,628$4,629,414$1,271,543$45,561,697
78$61,179,263$4,707,424$1,165,309$50,002,197
79$67,266,029$4,784,569$1,050,827$54,891,121
80$73,968,809$4,860,658$927,675$60,274,138
81$81,350,284$4,935,488$795,410$66,201,581
82$89,479,525$5,008,838$653,567$72,728,914
83$98,432,641$5,080,476$501,666$79,917,260
84$108,293,500$5,150,149$339,202$87,833,978
85$119,154,520$5,217,589$165,648$96,553,300
86$131,117,539$5,282,508$0$106,157,030
87$144,294,777$5,344,601$0$116,738,449
88$158,809,896$5,403,538$0$128,422,269
89$174,799,165$5,458,970$0$141,291,529
90$192,412,744$5,510,525$0$155,466,979
91$211,816,107$5,557,803$0$171,081,686
92$233,191,596$5,600,382$0$188,282,283
93$256,740,148$5,637,810$0$207,230,359
94$282,683,188$5,669,607$0$228,103,978
95$311,264,717$5,695,261$0$251,099,368
96$342,753,618$5,714,230$0$276,432,765
97$377,446,195$5,725,935$0$304,342,458
98$415,668,964$5,729,762$0$335,091,039
99$457,781,737$5,725,059$0$368,967,881
100$504,181,021$5,711,134$0$406,291,870