Can I retire at age 40 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$123,043$121,947$120,878$119,834$118,815$117,281
2 years$60,912$59,778$58,678$57,612$56,578$55,036
3 years$40,205$39,065$37,969$36,913$35,896$34,392
4 years$29,853$28,717$27,632$26,594$25,601$24,147
5 years$23,644$22,515$21,443$20,426$19,462$18,062
6 years$19,505$18,385$17,329$16,335$15,399$14,056
7 years$16,551$15,440$14,401$13,430$12,524$11,237
8 years$14,336$13,235$12,213$11,266$10,390$9,160
9 years$12,614$11,523$10,519$9,596$8,750$7,576
10 years$11,237$10,157$9,171$8,272$7,455$6,336
11 years$10,111$9,042$8,074$7,199$6,412$5,347
12 years$9,174$8,116$7,165$6,315$5,556$4,544
13 years$8,381$7,334$6,402$5,575$4,845$3,885
14 years$7,703$6,667$5,752$4,949$4,247$3,337
15 years$7,115$6,090$5,193$4,413$3,740$2,878
16 years$6,601$5,588$4,708$3,952$3,305$2,491
17 years$6,148$5,146$4,284$3,551$2,930$2,162
18 years$5,746$4,755$3,911$3,200$2,606$1,881
19 years$5,387$4,407$3,580$2,891$2,322$1,640
20 years$5,064$4,095$3,286$2,619$2,074$1,432
21 years$4,772$3,815$3,022$2,377$1,856$1,253
22 years$4,507$3,561$2,786$2,161$1,664$1,097
23 years$4,266$3,330$2,572$1,968$1,494$962
24 years$4,045$3,120$2,379$1,795$1,343$845
25 years$3,841$2,928$2,203$1,639$1,208$742
26 years$3,654$2,752$2,043$1,499$1,088$652
27 years$3,481$2,590$1,897$1,372$981$574
28 years$3,321$2,441$1,764$1,257$885$505
29 years$3,172$2,302$1,641$1,153$799$445
30 years$3,033$2,174$1,529$1,058$722$392
31 years$2,903$2,055$1,425$972$653$346
32 years$2,782$1,945$1,330$893$591$305
33 years$2,668$1,842$1,242$821$535$269
34 years$2,562$1,746$1,160$755$484$237
35 years$2,461$1,656$1,085$695$438$210
36 years$2,366$1,572$1,015$640$397$185
37 years$2,277$1,493$950$590$360$163
38 years$2,193$1,418$889$544$326$144
39 years$2,113$1,349$833$502$296$127
40 years$2,037$1,283$781$463$268$113
41 years$1,965$1,222$732$427$244$99
42 years$1,897$1,163$687$394$221$88
43 years$1,832$1,108$645$364$201$78
44 years$1,770$1,057$605$336$182$69
45 years$1,711$1,008$568$310$165$61
46 years$1,655$961$534$286$150$54
47 years$1,602$917$501$265$136$47
48 years$1,551$876$471$244$124$42
49 years$1,502$836$443$226$112$37
50 years$1,455$799$416$209$102$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,490,000, adding $5,405 every year, while hoping to spend $54,084 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: 65/9/26 Blend
39$1,490,000$1,490,000$1,490,000$1,490,000
40$1,647,555$1,568,585$1,545,490$1,743,080
41$1,758,061$1,587,901$1,539,719$1,827,521
42$1,878,026$1,606,351$1,531,942$1,913,248
43$2,008,357$1,623,834$1,522,035$2,005,741
44$2,150,053$1,640,246$1,509,867$2,105,671
45$2,304,213$1,655,473$1,495,302$2,213,777
46$2,472,045$1,669,393$1,478,197$2,330,877
47$2,654,880$1,681,879$1,458,402$2,457,869
48$2,854,180$1,692,794$1,435,761$2,595,747
49$3,071,556$1,701,991$1,410,109$2,745,608
50$3,308,782$1,709,315$1,381,275$2,908,661
51$3,567,808$1,714,603$1,349,079$3,086,240
52$3,850,784$1,717,677$1,313,332$3,279,816
53$4,160,073$1,718,353$1,273,838$3,491,014
54$4,498,280$1,716,431$1,230,391$3,721,624
55$4,868,271$1,711,703$1,182,775$3,973,623
56$5,273,203$1,703,945$1,130,766$4,249,190
57$5,716,551$1,692,920$1,074,129$4,550,730
58$6,202,144$1,678,377$1,012,617$4,880,895
59$6,734,196$1,660,051$945,973$5,242,610
60$7,317,350$1,637,659$873,929$5,639,101
61$7,956,718$1,610,903$796,203$6,073,928
62$8,657,930$1,579,464$712,504$6,551,015
63$9,427,190$1,543,009$622,523$7,074,692
64$10,271,328$1,501,181$525,942$7,649,731
65$11,197,868$1,453,604$422,426$8,281,399
66$12,215,100$1,399,880$311,627$8,975,500
67$13,332,154$1,339,588$193,180$9,738,438
68$14,559,087$1,272,281$66,705$10,577,273
69$15,906,980$1,197,489$0$11,499,792
70$17,388,038$1,114,712$0$12,533,516
71$19,015,708$1,023,423$0$13,689,954
72$20,804,805$923,065$0$14,961,139
73$22,771,648$813,048$0$16,358,705
74$24,934,219$692,750$0$17,895,471
75$27,312,328$561,514$0$19,585,566
76$29,927,801$418,643$0$21,444,556
77$32,804,685$263,405$0$23,489,596
78$35,969,475$95,024$0$25,739,590
79$39,451,363$0$0$28,215,370
80$43,282,513$0$0$30,948,541
81$47,498,364$0$0$33,966,632
82$52,137,965$0$0$37,288,200
83$57,244,340$0$0$40,944,062
84$62,864,897$0$0$44,968,176
85$69,051,873$0$0$49,397,955
86$75,862,824$0$0$54,274,626
87$83,361,174$0$0$59,643,618
88$91,616,807$0$0$65,554,986
89$100,706,727$0$0$72,063,887
90$110,715,786$0$0$79,231,097
91$121,737,485$0$0$87,123,589
92$133,874,850$0$0$95,815,159
93$147,241,411$0$0$105,387,126
94$161,962,268$0$0$115,929,096
95$178,175,272$0$0$127,539,810
96$196,032,328$0$0$140,328,074
97$215,700,824$0$0$154,413,787
98$237,365,212$0$0$169,929,067
99$261,228,749$0$0$187,019,507
100$287,515,414$0$0$205,845,537