Can I retire at age 40 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$125,520$124,402$123,311$122,247$121,207$119,346
2 years$62,139$60,981$59,860$58,772$57,718$55,848
3 years$41,014$39,852$38,733$37,656$36,618$34,797
4 years$30,454$29,295$28,188$27,129$26,117$24,358
5 years$24,120$22,968$21,875$20,838$19,853$18,163
6 years$19,898$18,755$17,678$16,664$15,709$14,089
7 years$16,884$15,751$14,691$13,700$12,776$11,226
8 years$14,624$13,501$12,459$11,493$10,599$9,119
9 years$12,868$11,755$10,731$9,789$8,926$7,515
10 years$11,463$10,362$9,355$8,439$7,605$6,263
11 years$10,315$9,224$8,236$7,344$6,541$5,265
12 years$9,359$8,279$7,310$6,442$5,668$4,458
13 years$8,550$7,482$6,531$5,687$4,943$3,796
14 years$7,858$6,801$5,868$5,048$4,333$3,248
15 years$7,258$6,213$5,298$4,502$3,815$2,790
16 years$6,734$5,700$4,803$4,031$3,372$2,404
17 years$6,272$5,250$4,371$3,622$2,989$2,078
18 years$5,862$4,851$3,990$3,264$2,658$1,800
19 years$5,495$4,496$3,653$2,950$2,369$1,562
20 years$5,166$4,178$3,352$2,671$2,116$1,358
21 years$4,868$3,891$3,083$2,424$1,894$1,183
22 years$4,598$3,632$2,842$2,204$1,698$1,031
23 years$4,352$3,397$2,624$2,008$1,524$900
24 years$4,126$3,183$2,427$1,831$1,370$786
25 years$3,919$2,987$2,248$1,672$1,232$688
26 years$3,728$2,807$2,084$1,529$1,110$602
27 years$3,551$2,642$1,936$1,399$1,001$527
28 years$3,388$2,490$1,799$1,282$903$462
29 years$3,236$2,349$1,675$1,176$815$405
30 years$3,094$2,218$1,560$1,079$737$355
31 years$2,962$2,097$1,454$991$666$311
32 years$2,838$1,984$1,357$911$603$273
33 years$2,722$1,879$1,267$838$545$240
34 years$2,613$1,781$1,184$771$494$210
35 years$2,511$1,689$1,107$709$447$185
36 years$2,414$1,603$1,035$653$405$162
37 years$2,323$1,523$969$602$367$143
38 years$2,237$1,447$907$555$333$125
39 years$2,155$1,376$850$512$302$110
40 years$2,078$1,309$797$472$274$97
41 years$2,005$1,246$747$435$248$85
42 years$1,935$1,187$701$402$225$75
43 years$1,869$1,131$658$371$205$66
44 years$1,806$1,078$617$342$186$58
45 years$1,746$1,028$580$316$169$51
46 years$1,689$981$544$292$153$45
47 years$1,634$936$511$270$139$39
48 years$1,582$893$481$249$126$35
49 years$1,532$853$452$231$115$30
50 years$1,484$815$425$213$104$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,520,000, adding $5,823 every year, while hoping to spend $51,209 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: 45/30/25 Blend
39$1,520,000$1,520,000$1,520,000$1,520,000
40$1,681,046$1,600,486$1,576,926$1,744,328
41$1,798,027$1,624,424$1,575,267$1,813,616
42$1,925,224$1,647,819$1,571,837$1,883,287
43$2,063,624$1,670,589$1,566,521$1,957,834
44$2,214,315$1,692,649$1,559,200$2,037,738
45$2,378,492$1,713,907$1,549,751$2,123,532
46$2,557,473$1,734,263$1,538,042$2,215,804
47$2,752,706$1,753,612$1,523,937$2,315,202
48$2,965,785$1,771,842$1,507,292$2,422,447
49$3,198,465$1,788,833$1,487,957$2,538,332
50$3,452,680$1,804,456$1,465,774$2,663,734
51$3,730,555$1,818,577$1,440,579$2,799,623
52$4,034,433$1,831,049$1,412,201$2,947,070
53$4,366,893$1,841,718$1,380,457$3,107,259
54$4,730,773$1,850,419$1,345,159$3,281,497
55$5,129,201$1,856,978$1,306,111$3,471,230
56$5,565,619$1,861,210$1,263,105$3,678,052
57$6,043,818$1,862,915$1,215,925$3,903,726
58$6,567,975$1,861,885$1,164,346$4,150,199
59$7,142,687$1,857,897$1,108,131$4,419,620
60$7,773,022$1,850,714$1,047,033$4,714,363
61$8,464,556$1,840,085$980,795$5,037,049
62$9,223,435$1,825,744$909,146$5,390,572
63$10,056,428$1,807,408$831,805$5,778,127
64$10,970,991$1,784,778$748,478$6,203,241
65$11,975,336$1,757,536$658,856$6,669,809
66$13,078,512$1,725,347$562,620$7,182,128
67$14,290,486$1,687,854$459,432$7,744,943
68$15,622,236$1,644,680$348,944$8,363,488
69$17,085,860$1,595,425$230,789$9,043,544
70$18,694,683$1,539,666$104,586$9,791,487
71$20,463,387$1,476,956$0$10,614,353
72$22,408,147$1,406,822$0$11,527,936
73$24,546,784$1,328,762$0$12,563,071
74$26,898,931$1,242,247$0$13,701,397
75$29,486,222$1,146,716$0$14,953,467
76$32,332,489$1,041,578$0$16,330,910
77$35,463,994$926,206$0$17,846,554
78$38,909,670$799,939$0$19,514,536
79$42,701,398$662,078$0$21,350,445
80$46,874,306$511,885$0$23,371,467
81$51,467,096$348,579$0$25,596,550
82$56,522,418$171,336$0$28,046,582
83$62,087,261$0$0$30,744,590
84$68,213,403$0$0$33,722,800
85$74,957,900$0$0$37,064,113
86$82,383,617$0$0$40,743,139
87$90,559,828$0$0$44,794,229
88$99,562,864$0$0$49,255,232
89$109,476,837$0$0$54,167,854
90$120,394,430$0$0$59,578,054
91$132,417,772$0$0$65,536,475
92$145,659,403$0$0$72,098,921
93$160,243,334$0$0$79,326,884
94$176,306,216$0$0$87,288,127
95$193,998,630$0$0$96,057,319
96$213,486,510$0$0$105,716,741
97$234,952,705$0$0$116,357,063
98$258,598,704$0$0$128,078,201
99$284,646,541$0$0$140,990,255
100$313,340,887$0$0$155,214,553