Can I retire at age 40 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$123,869$122,765$121,689$120,638$119,612$116,815
2 years$61,321$60,179$59,072$57,999$56,958$54,156
3 years$40,475$39,328$38,224$37,161$36,137$33,417
4 years$30,053$28,910$27,817$26,772$25,773$23,157
5 years$23,802$22,666$21,587$20,564$19,592$17,087
6 years$19,636$18,508$17,446$16,445$15,503$13,111
7 years$16,662$15,543$14,497$13,520$12,608$10,330
8 years$14,432$13,323$12,295$11,342$10,459$8,294
9 years$12,698$11,600$10,590$9,661$8,808$6,754
10 years$11,312$10,225$9,232$8,328$7,505$5,560
11 years$10,179$9,103$8,128$7,247$6,455$4,616
12 years$9,236$8,170$7,213$6,357$5,593$3,857
13 years$8,438$7,384$6,445$5,612$4,878$3,242
14 years$7,754$6,711$5,791$4,982$4,276$2,736
15 years$7,163$6,131$5,228$4,443$3,765$2,318
16 years$6,646$5,625$4,740$3,978$3,327$1,970
17 years$6,190$5,181$4,313$3,574$2,950$1,678
18 years$5,785$4,787$3,937$3,221$2,623$1,432
19 years$5,423$4,437$3,605$2,911$2,338$1,225
20 years$5,098$4,123$3,308$2,636$2,088$1,049
21 years$4,804$3,840$3,043$2,393$1,869$900
22 years$4,537$3,585$2,804$2,175$1,675$773
23 years$4,294$3,353$2,589$1,981$1,504$664
24 years$4,072$3,141$2,395$1,807$1,352$571
25 years$3,867$2,948$2,218$1,650$1,216$492
26 years$3,679$2,770$2,057$1,509$1,096$423
27 years$3,505$2,607$1,910$1,381$988$365
28 years$3,343$2,457$1,776$1,265$891$314
29 years$3,193$2,318$1,652$1,160$805$271
30 years$3,053$2,189$1,539$1,065$727$234
31 years$2,923$2,069$1,435$978$657$202
32 years$2,801$1,958$1,339$899$595$174
33 years$2,686$1,854$1,250$827$538$150
34 years$2,579$1,757$1,168$761$487$130
35 years$2,478$1,667$1,092$700$441$112
36 years$2,382$1,582$1,022$645$400$97
37 years$2,292$1,503$956$594$362$84
38 years$2,207$1,428$895$548$329$72
39 years$2,127$1,358$839$505$298$62
40 years$2,051$1,292$786$466$270$54
41 years$1,978$1,230$737$430$245$47
42 years$1,910$1,171$692$397$222$40
43 years$1,844$1,116$649$366$202$35
44 years$1,782$1,064$609$338$183$30
45 years$1,723$1,014$572$312$166$26
46 years$1,666$968$537$288$151$22
47 years$1,613$923$505$266$137$19
48 years$1,561$882$474$246$125$17
49 years$1,512$842$446$227$113$14
50 years$1,465$804$419$210$103$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,500,000, adding $5,028 every year, while hoping to spend $40,295 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: 48/26/26 Blend
39$1,500,000$1,500,000$1,500,000$1,500,000
40$1,658,186$1,578,686$1,555,436$1,725,281
41$1,784,448$1,613,168$1,564,670$1,807,338
42$1,922,237$1,647,990$1,572,862$1,892,017
43$2,072,688$1,683,124$1,579,936$1,983,181
44$2,237,049$1,718,543$1,585,810$2,081,461
45$2,416,691$1,754,215$1,590,398$2,187,551
46$2,613,129$1,790,107$1,593,611$2,302,219
47$2,828,026$1,826,180$1,595,355$2,426,309
48$3,063,215$1,862,393$1,595,530$2,560,753
49$3,320,716$1,898,704$1,594,034$2,706,580
50$3,602,751$1,935,063$1,590,756$2,864,923
51$3,911,769$1,971,417$1,585,583$3,037,032
52$4,250,465$2,007,712$1,578,396$3,224,286
53$4,621,808$2,043,886$1,569,068$3,428,205
54$5,029,068$2,079,873$1,557,468$3,650,465
55$5,475,849$2,115,601$1,543,458$3,892,917
56$5,966,115$2,150,996$1,526,894$4,157,598
57$6,504,239$2,185,975$1,507,625$4,446,757
58$7,095,033$2,220,449$1,485,492$4,762,875
59$7,743,800$2,254,324$1,460,329$5,108,685
60$8,456,381$2,287,500$1,431,964$5,487,204
61$9,239,210$2,319,866$1,400,213$5,901,757
62$10,099,377$2,351,307$1,364,888$6,356,011
63$11,044,691$2,381,698$1,325,789$6,854,009
64$12,083,754$2,410,906$1,282,708$7,400,210
65$13,226,046$2,438,790$1,235,428$7,999,531
66$14,482,009$2,465,197$1,183,721$8,657,394
67$15,863,148$2,489,965$1,127,349$9,379,775
68$17,382,138$2,512,923$1,066,064$10,173,267
69$19,052,945$2,533,885$999,606$11,045,136
70$20,890,956$2,552,656$927,704$12,003,395
71$22,913,124$2,569,027$850,073$13,056,880
72$25,138,130$2,582,775$766,416$14,215,330
73$27,586,553$2,593,665$676,425$15,489,486
74$30,281,072$2,601,446$579,776$16,891,186
75$33,246,674$2,605,849$476,131$18,433,486
76$36,510,890$2,606,591$365,138$20,130,777
77$40,104,058$2,603,371$246,427$21,998,923
78$44,059,605$2,595,869$119,615$24,055,418
79$48,414,362$2,583,744$0$26,319,542
80$53,208,916$2,566,637$0$28,816,915
81$58,487,988$2,544,164$0$31,602,306
82$64,300,855$2,515,921$0$34,668,451
83$70,701,819$2,481,477$0$38,043,956
84$77,750,712$2,440,378$0$41,760,343
85$85,513,468$2,392,139$0$45,852,358
86$94,062,738$2,336,251$0$50,358,289
87$103,478,582$2,272,171$0$55,320,335
88$113,849,216$2,199,327$0$60,785,003
89$125,271,854$2,117,112$0$66,803,548
90$137,853,617$2,024,884$0$73,432,456
91$151,712,546$1,921,964$0$80,733,981
92$166,978,719$1,807,633$0$88,776,730
93$183,795,474$1,681,132$0$97,636,316
94$202,320,762$1,541,658$0$107,396,069
95$222,728,642$1,388,361$0$118,147,826
96$245,210,917$1,220,344$0$129,992,795
97$269,978,949$1,036,659$0$143,042,521
98$297,265,650$836,304$0$157,419,928
99$327,327,683$618,220$0$173,260,493
100$360,447,884$381,290$0$190,713,515