Can I retire at age 40 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$130,475$129,313$128,179$127,072$125,991$121,715
2 years$64,592$63,389$62,223$61,092$59,996$55,730
3 years$42,633$41,425$40,262$39,142$38,064$33,943
4 years$31,656$30,452$29,301$28,200$27,147$23,203
5 years$25,072$23,875$22,738$21,660$20,637$16,879
6 years$20,684$19,495$18,376$17,322$16,329$12,762
7 years$17,550$16,372$15,271$14,241$13,280$9,901
8 years$15,202$14,034$12,951$11,947$11,017$7,825
9 years$13,376$12,219$11,154$10,176$9,278$6,269
10 years$11,916$10,771$9,725$8,772$7,905$5,074
11 years$10,722$9,588$8,561$7,634$6,799$4,140
12 years$9,728$8,606$7,598$6,696$5,892$3,399
13 years$8,888$7,777$6,788$5,912$5,138$2,804
14 years$8,168$7,069$6,099$5,248$4,504$2,323
15 years$7,545$6,458$5,507$4,680$3,965$1,931
16 years$7,000$5,925$4,993$4,190$3,505$1,609
17 years$6,520$5,457$4,543$3,765$3,107$1,344
18 years$6,093$5,042$4,147$3,393$2,763$1,125
19 years$5,712$4,673$3,797$3,066$2,463$943
20 years$5,370$4,343$3,484$2,777$2,200$791
21 years$5,060$4,045$3,205$2,520$1,969$664
22 years$4,779$3,776$2,954$2,291$1,765$559
23 years$4,523$3,531$2,727$2,087$1,584$470
24 years$4,289$3,309$2,522$1,903$1,424$396
25 years$4,073$3,105$2,336$1,738$1,281$333
26 years$3,875$2,918$2,167$1,589$1,154$281
27 years$3,692$2,746$2,012$1,455$1,040$237
28 years$3,521$2,588$1,870$1,333$939$200
29 years$3,363$2,441$1,741$1,222$848$168
30 years$3,216$2,306$1,621$1,122$766$142
31 years$3,079$2,180$1,512$1,030$692$120
32 years$2,950$2,062$1,410$947$626$101
33 years$2,830$1,953$1,317$871$567$85
34 years$2,716$1,851$1,230$801$513$72
35 years$2,610$1,756$1,150$737$465$61
36 years$2,509$1,666$1,076$679$421$51
37 years$2,415$1,583$1,007$626$382$43
38 years$2,325$1,504$943$577$346$37
39 years$2,240$1,430$884$532$314$31
40 years$2,160$1,361$828$491$285$26
41 years$2,084$1,295$777$453$258$22
42 years$2,012$1,234$728$418$234$19
43 years$1,943$1,175$684$386$213$16
44 years$1,877$1,120$642$356$193$13
45 years$1,815$1,068$603$329$175$11
46 years$1,755$1,019$566$304$159$9
47 years$1,699$973$532$281$144$8
48 years$1,644$929$500$259$131$7
49 years$1,592$887$470$240$119$6
50 years$1,543$847$441$221$108$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,580,000, adding $4,698 every year, while hoping to spend $49,077 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: 59/16/25 Blend
39$1,580,000$1,580,000$1,580,000$1,580,000
40$1,746,006$1,662,266$1,637,776$1,837,003
41$1,871,881$1,691,499$1,640,424$1,928,795
42$2,008,951$1,720,521$1,641,516$2,023,193
43$2,158,304$1,749,267$1,640,947$2,125,108
44$2,321,142$1,777,672$1,638,610$2,235,279
45$2,498,784$1,805,663$1,634,389$2,354,523
46$2,692,684$1,833,164$1,628,165$2,483,743
47$2,904,440$1,860,092$1,619,811$2,623,931
48$3,135,815$1,886,358$1,609,196$2,776,183
49$3,388,746$1,911,867$1,596,182$2,941,708
50$3,665,367$1,936,519$1,580,624$3,121,841
51$3,968,030$1,960,203$1,562,370$3,318,051
52$4,299,322$1,982,806$1,541,261$3,531,961
53$4,662,091$2,004,202$1,517,132$3,765,360
54$5,059,477$2,024,260$1,489,809$4,020,222
55$5,494,934$2,042,839$1,459,108$4,298,721
56$5,972,268$2,059,790$1,424,839$4,603,260
57$6,495,672$2,074,952$1,386,804$4,936,484
58$7,069,761$2,088,155$1,344,792$5,301,312
59$7,699,620$2,099,218$1,298,586$5,700,966
60$8,390,851$2,107,949$1,247,958$6,138,994
61$9,149,622$2,114,143$1,192,669$6,619,312
62$9,982,729$2,117,581$1,132,469$7,146,238
63$10,897,658$2,118,033$1,067,097$7,724,533
64$11,902,655$2,115,253$996,281$8,359,448
65$13,006,806$2,108,981$919,736$9,056,770
66$14,220,117$2,098,938$837,165$9,822,886
67$15,553,615$2,084,831$748,255$10,664,832
68$17,019,445$2,066,350$652,683$11,590,372
69$18,630,990$2,043,162$550,110$12,608,062
70$20,402,992$2,014,919$440,180$13,727,339
71$22,351,696$1,981,248$322,524$14,958,605
72$24,494,996$1,941,757$196,757$16,313,332
73$26,852,612$1,896,029$62,474$17,804,164
74$29,446,266$1,843,622$0$19,445,045
75$32,299,896$1,784,071$0$21,272,908
76$35,439,875$1,716,879$0$23,302,323
77$38,895,261$1,641,525$0$25,535,412
78$42,698,073$1,557,456$0$27,992,900
79$46,883,590$1,464,084$0$30,697,625
80$51,490,685$1,360,793$0$33,674,757
81$56,562,189$1,246,927$0$36,952,033
82$62,145,300$1,121,794$0$40,560,023
83$68,292,022$984,663$0$44,532,415
84$75,059,659$834,762$0$48,906,336
85$82,511,353$671,274$0$53,722,703
86$90,716,681$493,336$0$59,026,606
87$99,752,312$300,039$0$64,867,741
88$109,702,726$90,420$0$71,300,872
89$120,661,017$0$0$78,386,356
90$132,729,764$0$0$86,214,745
91$146,022,006$0$0$94,854,464
92$160,662,301$0$0$104,370,578
93$176,787,907$0$0$114,852,326
94$194,550,073$0$0$126,398,045
95$214,115,469$0$0$139,116,097
96$235,667,756$0$0$153,125,892
97$259,409,320$0$0$168,559,014
98$285,563,183$0$0$185,560,464
99$314,375,104$0$0$204,290,028
100$346,115,902$0$0$224,923,784