Can I retire at age 40 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$128,823$127,676$126,556$125,464$124,397$120,851
2 years$63,774$62,586$61,435$60,319$59,236$55,691
3 years$42,094$40,901$39,753$38,647$37,582$34,149
4 years$31,256$30,066$28,930$27,843$26,804$23,509
5 years$24,754$23,572$22,451$21,386$20,376$17,229
6 years$20,422$19,249$18,143$17,103$16,123$13,126
7 years$17,328$16,165$15,077$14,061$13,112$10,266
8 years$15,009$13,856$12,787$11,795$10,878$8,180
9 years$13,206$12,064$11,013$10,047$9,161$6,609
10 years$11,765$10,634$9,602$8,661$7,805$5,397
11 years$10,586$9,467$8,453$7,537$6,713$4,443
12 years$9,605$8,497$7,502$6,611$5,817$3,682
13 years$8,775$7,679$6,702$5,837$5,073$3,067
14 years$8,065$6,980$6,022$5,181$4,447$2,566
15 years$7,449$6,376$5,437$4,621$3,915$2,154
16 years$6,911$5,850$4,930$4,137$3,460$1,813
17 years$6,437$5,388$4,486$3,717$3,068$1,530
18 years$6,016$4,979$4,095$3,350$2,728$1,294
19 years$5,640$4,614$3,749$3,027$2,432$1,096
20 years$5,302$4,288$3,440$2,742$2,172$929
21 years$4,996$3,994$3,164$2,488$1,944$789
22 years$4,719$3,728$2,917$2,262$1,742$671
23 years$4,466$3,487$2,693$2,060$1,564$571
24 years$4,235$3,267$2,491$1,879$1,406$486
25 years$4,022$3,066$2,307$1,716$1,265$414
26 years$3,826$2,881$2,139$1,569$1,139$353
27 years$3,645$2,712$1,987$1,436$1,027$301
28 years$3,477$2,555$1,847$1,316$927$256
29 years$3,321$2,411$1,719$1,207$837$219
30 years$3,175$2,276$1,601$1,108$756$187
31 years$3,040$2,152$1,492$1,017$684$159
32 years$2,913$2,036$1,392$935$618$136
33 years$2,794$1,928$1,300$860$560$116
34 years$2,682$1,828$1,215$791$507$99
35 years$2,577$1,733$1,136$728$459$85
36 years$2,478$1,645$1,062$671$416$72
37 years$2,384$1,563$994$618$377$62
38 years$2,296$1,485$931$569$342$53
39 years$2,212$1,412$872$525$310$45
40 years$2,133$1,344$818$484$281$39
41 years$2,058$1,279$767$447$255$33
42 years$1,986$1,218$719$412$231$28
43 years$1,918$1,161$675$381$210$24
44 years$1,854$1,106$634$351$191$21
45 years$1,792$1,055$595$325$173$18
46 years$1,733$1,006$559$300$157$15
47 years$1,677$960$525$277$143$13
48 years$1,623$917$493$256$130$11
49 years$1,572$875$464$237$118$9
50 years$1,523$836$436$219$107$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,560,000, adding $5,607 every year, while hoping to spend $22,523 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: 74/15/11 Blend
39$1,560,000$1,560,000$1,560,000$1,560,000
40$1,724,904$1,642,224$1,618,044$1,848,475
41$1,876,879$1,698,728$1,648,284$1,987,311
42$2,043,602$1,757,247$1,678,782$2,136,010
43$2,226,552$1,817,854$1,709,523$2,298,301
44$2,427,359$1,880,628$1,740,492$2,475,523
45$2,647,820$1,945,649$1,771,668$2,669,151
46$2,889,914$2,013,002$1,803,035$2,880,812
47$3,155,819$2,082,773$1,834,571$3,112,292
48$3,447,938$2,155,055$1,866,255$3,365,563
49$3,768,915$2,229,939$1,898,062$3,642,794
50$4,121,664$2,307,526$1,929,966$3,946,373
51$4,509,396$2,387,917$1,961,942$4,278,931
52$4,935,646$2,471,217$1,993,960$4,643,366
53$5,404,313$2,557,538$2,025,988$5,042,870
54$5,919,689$2,646,993$2,057,994$5,480,958
55$6,486,503$2,739,701$2,089,943$5,961,501
56$7,109,966$2,835,787$2,121,796$6,488,764
57$7,795,821$2,935,379$2,153,515$7,067,446
58$8,550,393$3,038,611$2,185,056$7,702,721
59$9,380,653$3,145,622$2,216,375$8,400,291
60$10,294,280$3,256,558$2,247,424$9,166,435
61$11,299,736$3,371,569$2,278,152$10,008,072
62$12,406,345$3,490,812$2,308,506$10,932,825
63$13,624,381$3,614,450$2,338,430$11,949,090
64$14,965,162$3,742,653$2,367,861$13,066,118
65$16,441,163$3,875,597$2,396,739$14,294,102
66$18,066,126$4,013,466$2,424,995$15,644,271
67$19,855,197$4,156,452$2,452,558$17,128,996
68$21,825,062$4,304,753$2,479,354$18,761,910
69$23,994,110$4,458,577$2,505,303$20,558,030
70$26,382,601$4,618,139$2,530,323$22,533,904
71$29,012,863$4,783,665$2,554,326$24,707,765
72$31,909,498$4,955,387$2,577,218$27,099,701
73$35,099,615$5,133,549$2,598,903$29,731,848
74$38,613,088$5,318,405$2,619,278$32,628,594
75$42,482,834$5,510,218$2,638,235$35,816,813
76$46,745,127$5,709,263$2,655,660$39,326,116
77$51,439,939$5,915,826$2,671,434$43,189,131
78$56,611,316$6,130,205$2,685,431$47,441,809
79$62,307,796$6,352,710$2,697,518$52,123,765
80$68,582,863$6,583,666$2,707,557$57,278,651
81$75,495,458$6,823,407$2,715,402$62,954,568
82$83,110,526$7,072,286$2,720,901$69,204,516
83$91,499,640$7,330,668$2,723,890$76,086,900
84$100,741,666$7,598,934$2,724,204$83,666,074
85$110,923,514$7,877,480$2,721,663$92,012,956
86$122,140,956$8,166,720$2,716,082$101,205,689
87$134,499,529$8,467,085$2,707,266$111,330,382
88$148,115,533$8,779,024$2,695,012$122,481,923
89$163,117,126$9,103,005$2,679,103$134,764,873
90$179,645,537$9,439,516$2,659,317$148,294,451
91$197,856,395$9,789,066$2,635,418$163,197,625
92$217,921,202$10,152,184$2,607,159$179,614,306
93$240,028,948$10,529,425$2,574,282$197,698,669
94$264,387,897$10,921,363$2,536,517$217,620,611
95$291,227,553$11,328,600$2,493,581$239,567,349
96$320,800,825$11,751,763$2,445,177$263,745,191
97$353,386,414$12,191,504$2,390,995$290,381,481
98$389,291,446$12,648,506$2,330,712$319,726,743
99$428,854,370$13,123,479$2,263,987$352,057,050
100$472,448,151$13,617,164$2,190,465$387,676,624