Can I retire at age 40 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$120,565$119,492$118,444$117,421$116,422$115,111
2 years$59,686$58,574$57,497$56,452$55,439$54,119
3 years$39,395$38,279$37,204$36,170$35,173$33,885
4 years$29,252$28,139$27,075$26,058$25,086$23,840
5 years$23,168$22,061$21,011$20,015$19,070$17,869
6 years$19,113$18,015$16,980$16,006$15,089$13,936
7 years$16,217$15,129$14,111$13,160$12,272$11,166
8 years$14,047$12,968$11,967$11,039$10,180$9,123
9 years$12,360$11,291$10,307$9,403$8,573$7,563
10 years$11,011$9,953$8,986$8,106$7,305$6,341
11 years$9,908$8,860$7,911$7,054$6,283$5,364
12 years$8,989$7,952$7,021$6,188$5,444$4,571
13 years$8,213$7,187$6,273$5,463$4,748$3,918
14 years$7,548$6,532$5,636$4,849$4,162$3,374
15 years$6,972$5,968$5,089$4,325$3,664$2,918
16 years$6,468$5,475$4,614$3,872$3,238$2,532
17 years$6,025$5,042$4,198$3,479$2,871$2,204
18 years$5,631$4,659$3,832$3,135$2,553$1,923
19 years$5,279$4,318$3,508$2,833$2,276$1,681
20 years$4,962$4,013$3,220$2,566$2,033$1,473
21 years$4,676$3,738$2,962$2,329$1,819$1,292
22 years$4,416$3,489$2,730$2,117$1,631$1,135
23 years$4,180$3,263$2,520$1,928$1,464$999
24 years$3,963$3,057$2,331$1,759$1,316$879
25 years$3,764$2,869$2,159$1,606$1,184$775
26 years$3,581$2,697$2,002$1,469$1,066$684
27 years$3,411$2,538$1,859$1,344$961$603
28 years$3,254$2,391$1,728$1,232$867$533
29 years$3,108$2,256$1,608$1,129$783$471
30 years$2,972$2,131$1,498$1,037$708$416
31 years$2,845$2,014$1,397$952$640$368
32 years$2,726$1,906$1,303$875$579$326
33 years$2,615$1,805$1,217$805$524$288
34 years$2,510$1,710$1,137$740$474$255
35 years$2,412$1,622$1,063$681$430$226
36 years$2,319$1,540$994$628$389$200
37 years$2,231$1,463$931$578$353$177
38 years$2,149$1,390$872$533$320$157
39 years$2,070$1,322$817$491$290$139
40 years$1,996$1,257$765$453$263$123
41 years$1,926$1,197$718$418$239$109
42 years$1,859$1,140$673$386$217$97
43 years$1,795$1,086$632$356$197$86
44 years$1,735$1,035$593$329$178$76
45 years$1,677$987$557$304$162$68
46 years$1,622$942$523$281$147$60
47 years$1,570$899$491$259$134$53
48 years$1,519$858$462$240$121$47
49 years$1,471$819$434$221$110$42
50 years$1,425$783$408$205$100$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,460,000, adding $6,810 every year, while hoping to spend $40,736 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: 65/12/23 Blend
39$1,460,000$1,460,000$1,460,000$1,460,000
40$1,615,945$1,538,565$1,515,935$1,710,960
41$1,737,428$1,570,611$1,523,376$1,807,805
42$1,869,938$1,602,863$1,529,701$1,908,394
43$2,014,555$1,635,287$1,534,829$2,017,396
44$2,172,470$1,667,847$1,538,677$2,135,640
45$2,344,995$1,700,504$1,541,155$2,264,039
46$2,533,571$1,733,216$1,542,171$2,403,599
47$2,739,788$1,765,936$1,541,626$2,555,429
48$2,965,395$1,798,615$1,539,418$2,720,751
49$3,212,317$1,831,199$1,535,441$2,900,913
50$3,482,675$1,863,629$1,529,580$3,097,400
51$3,778,805$1,895,844$1,521,718$3,311,848
52$4,103,278$1,927,776$1,511,731$3,546,063
53$4,458,927$1,959,352$1,499,489$3,802,032
54$4,848,872$1,990,494$1,484,855$4,081,950
55$5,276,548$2,021,119$1,467,689$4,388,232
56$5,745,739$2,051,137$1,447,840$4,723,542
57$6,260,613$2,080,452$1,425,151$5,090,817
58$6,825,762$2,108,961$1,399,460$5,493,294
59$7,446,243$2,136,553$1,370,596$5,934,542
60$8,127,628$2,163,112$1,338,378$6,418,493
61$8,876,052$2,188,510$1,302,620$6,949,483
62$9,698,277$2,212,615$1,263,125$7,532,292
63$10,601,750$2,235,282$1,219,689$8,172,187
64$11,594,676$2,256,358$1,172,096$8,874,976
65$12,686,094$2,275,681$1,120,123$9,647,059
66$13,885,963$2,293,077$1,063,534$10,495,494
67$15,205,254$2,308,361$1,002,086$11,428,056
68$16,656,055$2,321,335$935,520$12,453,319
69$18,251,684$2,331,792$863,571$13,580,733
70$20,006,812$2,339,506$785,958$14,820,714
71$21,937,608$2,344,243$702,388$16,184,743
72$24,061,883$2,345,750$612,557$17,685,474
73$26,399,264$2,343,760$516,146$19,336,857
74$28,971,374$2,337,990$412,822$21,154,266
75$31,802,039$2,328,137$302,237$23,154,649
76$34,917,514$2,313,882$184,029$25,356,683
77$38,346,724$2,294,886$57,818$27,780,957
78$42,121,544$2,270,790$0$30,450,164
79$46,277,095$2,241,211$0$33,408,178
80$50,852,075$2,205,747$0$36,680,072
81$55,889,126$2,163,968$0$40,282,131
82$61,435,236$2,115,422$0$44,247,953
83$67,542,180$2,059,628$0$48,614,565
84$74,267,010$1,996,077$0$53,422,768
85$81,672,592$1,924,231$0$58,717,525
86$89,828,198$1,843,521$0$64,548,383
87$98,810,164$1,753,343$0$70,969,943
88$108,702,605$1,653,061$0$78,042,378
89$119,598,209$1,541,999$0$85,831,993
90$131,599,115$1,419,446$0$94,411,860
91$144,817,873$1,284,647$0$103,862,503
92$159,378,507$1,136,806$0$114,272,659
93$175,417,687$975,081$0$125,740,117
94$193,086,013$798,582$0$138,372,641
95$212,549,444$606,370$0$152,288,986
96$233,990,857$397,452$0$167,620,022
97$257,611,778$170,781$0$184,509,968
98$283,634,279$0$0$203,117,754
99$312,303,077$0$0$223,628,394
100$343,887,843$0$0$246,250,221