Can I retire at age 40 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$121,391$120,310$119,255$118,225$117,220$115,468
2 years$60,095$58,975$57,891$56,839$55,819$54,058
3 years$39,665$38,541$37,459$36,417$35,414$33,699
4 years$29,452$28,332$27,261$26,237$25,257$23,601
5 years$23,326$22,212$21,155$20,152$19,200$17,608
6 years$19,244$18,138$17,097$16,116$15,193$13,665
7 years$16,329$15,232$14,207$13,250$12,356$10,894
8 years$14,143$13,057$12,049$11,115$10,250$8,855
9 years$12,444$11,368$10,378$9,467$8,632$7,302
10 years$11,086$10,021$9,048$8,161$7,355$6,089
11 years$9,976$8,921$7,965$7,103$6,326$5,122
12 years$9,051$8,007$7,069$6,230$5,482$4,339
13 years$8,269$7,236$6,316$5,500$4,780$3,698
14 years$7,599$6,577$5,675$4,882$4,190$3,166
15 years$7,020$6,008$5,124$4,354$3,689$2,721
16 years$6,513$5,513$4,645$3,899$3,261$2,347
17 years$6,066$5,077$4,227$3,503$2,891$2,029
18 years$5,669$4,691$3,859$3,157$2,571$1,759
19 years$5,315$4,348$3,532$2,852$2,291$1,528
20 years$4,996$4,040$3,242$2,583$2,047$1,330
21 years$4,708$3,763$2,982$2,345$1,831$1,159
22 years$4,447$3,513$2,748$2,132$1,642$1,011
23 years$4,208$3,286$2,538$1,942$1,474$883
24 years$3,990$3,078$2,347$1,771$1,325$772
25 years$3,790$2,889$2,174$1,617$1,192$676
26 years$3,605$2,715$2,016$1,479$1,074$592
27 years$3,435$2,555$1,872$1,353$968$519
28 years$3,276$2,408$1,740$1,240$873$455
29 years$3,129$2,271$1,619$1,137$789$399
30 years$2,992$2,145$1,508$1,044$713$350
31 years$2,864$2,028$1,406$958$644$307
32 years$2,745$1,919$1,312$881$583$270
33 years$2,633$1,817$1,225$810$527$237
34 years$2,527$1,722$1,145$745$478$208
35 years$2,428$1,633$1,070$686$433$183
36 years$2,335$1,550$1,001$632$392$161
37 years$2,247$1,473$937$582$355$142
38 years$2,163$1,399$877$537$322$124
39 years$2,084$1,331$822$495$292$109
40 years$2,010$1,266$771$456$265$96
41 years$1,939$1,205$723$421$240$85
42 years$1,872$1,148$678$389$218$75
43 years$1,808$1,094$636$359$198$66
44 years$1,747$1,042$597$331$180$58
45 years$1,689$994$561$306$163$51
46 years$1,633$948$526$283$148$45
47 years$1,580$905$495$261$134$39
48 years$1,530$864$465$241$122$35
49 years$1,481$825$437$223$111$30
50 years$1,435$788$411$206$101$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,470,000, adding $3,334 every year, while hoping to spend $29,983 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: 70/23/7 Blend
39$1,470,000$1,470,000$1,470,000$1,470,000
40$1,623,379$1,545,469$1,522,684$1,735,016
41$1,757,062$1,589,295$1,541,792$1,853,100
42$1,903,376$1,634,264$1,560,536$1,978,257
43$2,063,577$1,680,400$1,578,871$2,114,382
44$2,239,049$1,727,727$1,596,750$2,262,545
45$2,431,317$1,776,271$1,614,126$2,423,923
46$2,642,059$1,826,055$1,630,947$2,599,814
47$2,873,122$1,877,105$1,647,157$2,791,646
48$3,126,544$1,929,447$1,662,700$3,000,992
49$3,404,566$1,983,104$1,677,515$3,229,582
50$3,709,659$2,038,103$1,691,539$3,479,324
51$4,044,542$2,094,469$1,704,704$3,752,318
52$4,412,214$2,152,226$1,716,939$4,050,876
53$4,815,974$2,211,399$1,728,171$4,377,546
54$5,259,460$2,272,014$1,738,321$4,735,134
55$5,746,678$2,334,096$1,747,308$5,126,730
56$6,282,040$2,397,668$1,755,044$5,555,738
57$6,870,409$2,462,755$1,761,439$6,025,909
58$7,517,142$2,529,380$1,766,398$6,541,372
59$8,228,138$2,597,568$1,769,821$7,106,679
60$9,009,900$2,667,341$1,771,601$7,726,842
61$9,869,591$2,738,721$1,771,630$8,407,385
62$10,815,101$2,811,730$1,769,792$9,154,392
63$11,855,125$2,886,389$1,765,964$9,974,567
64$12,999,244$2,962,719$1,760,020$10,875,296
65$14,258,013$3,040,738$1,751,827$11,864,715
66$15,643,060$3,120,464$1,741,243$12,951,790
67$17,167,201$3,201,915$1,728,123$14,146,400
68$18,844,552$3,285,106$1,712,312$15,459,428
69$20,690,672$3,370,052$1,693,650$16,902,867
70$22,722,702$3,456,765$1,671,969$18,489,932
71$24,959,528$3,545,258$1,647,091$20,235,180
72$27,421,963$3,635,538$1,618,831$22,154,656
73$30,132,938$3,727,614$1,586,996$24,266,038
74$33,117,721$3,821,490$1,551,384$26,588,803
75$36,404,156$3,917,171$1,511,782$29,144,416
76$40,022,922$4,014,654$1,467,970$31,956,528
77$44,007,827$4,113,939$1,419,714$35,051,200
78$48,396,123$4,215,020$1,366,772$38,457,151
79$53,228,860$4,317,888$1,308,891$42,206,025
80$58,551,270$4,422,532$1,245,805$46,332,693
81$64,413,198$4,528,934$1,177,238$50,875,581
82$70,869,568$4,637,075$1,102,899$55,877,034
83$77,980,903$4,746,931$1,022,486$61,383,710
84$85,813,898$4,858,474$935,682$67,447,029
85$94,442,045$4,971,669$842,157$74,123,650
86$103,946,330$5,086,477$741,565$81,476,012
87$114,415,995$5,202,853$633,546$89,572,920
88$125,949,380$5,320,746$517,724$98,490,194
89$138,654,853$5,440,099$393,704$108,311,387
90$152,651,832$5,560,848$261,077$119,128,573
91$168,071,909$5,682,920$119,414$131,043,215
92$185,060,097$5,806,236$0$144,167,123
93$203,776,192$5,930,707$0$158,625,884
94$224,396,288$6,056,236$0$174,562,576
95$247,114,434$6,182,716$0$192,117,936
96$272,144,467$6,310,030$0$211,456,888
97$299,722,031$6,438,050$0$232,761,178
98$330,106,799$6,566,635$0$256,231,085
99$363,584,927$6,695,635$0$282,087,311
100$400,471,753$6,824,884$0$310,573,069