Can I retire at age 40 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$131,301$130,131$128,990$127,876$126,789$122,730
2 years$65,000$63,790$62,617$61,479$60,376$56,324
3 years$42,903$41,687$40,517$39,390$38,305$34,387
4 years$31,857$30,645$29,486$28,378$27,319$23,566
5 years$25,231$24,026$22,882$21,797$20,768$17,189
6 years$20,815$19,619$18,492$17,432$16,433$13,031
7 years$17,662$16,476$15,367$14,331$13,364$10,140
8 years$15,298$14,123$13,033$12,022$11,087$8,037
9 years$13,460$12,296$11,225$10,240$9,337$6,458
10 years$11,991$10,839$9,786$8,827$7,955$5,244
11 years$10,790$9,649$8,616$7,682$6,842$4,292
12 years$9,790$8,661$7,646$6,738$5,929$3,535
13 years$8,944$7,827$6,831$5,949$5,170$2,927
14 years$8,220$7,114$6,138$5,281$4,532$2,434
15 years$7,593$6,499$5,542$4,710$3,991$2,030
16 years$7,044$5,963$5,024$4,217$3,527$1,698
17 years$6,561$5,491$4,572$3,789$3,127$1,423
18 years$6,132$5,074$4,174$3,415$2,781$1,196
19 years$5,749$4,703$3,821$3,085$2,478$1,006
20 years$5,404$4,370$3,507$2,794$2,214$847
21 years$5,092$4,071$3,225$2,536$1,981$714
22 years$4,810$3,800$2,973$2,306$1,776$603
23 years$4,552$3,554$2,745$2,100$1,594$509
24 years$4,316$3,330$2,538$1,915$1,433$430
25 years$4,099$3,125$2,351$1,749$1,289$364
26 years$3,900$2,937$2,180$1,599$1,161$308
27 years$3,715$2,764$2,025$1,464$1,047$261
28 years$3,544$2,604$1,882$1,341$945$221
29 years$3,385$2,457$1,752$1,230$853$187
30 years$3,237$2,320$1,632$1,129$771$158
31 years$3,098$2,193$1,521$1,037$697$134
32 years$2,969$2,075$1,419$953$630$114
33 years$2,847$1,965$1,325$876$570$96
34 years$2,734$1,863$1,238$806$517$82
35 years$2,626$1,767$1,158$742$468$69
36 years$2,525$1,677$1,083$683$424$59
37 years$2,430$1,593$1,014$630$384$50
38 years$2,340$1,514$949$580$348$42
39 years$2,255$1,439$889$535$316$36
40 years$2,174$1,369$833$494$286$30
41 years$2,097$1,304$782$455$260$26
42 years$2,024$1,241$733$420$236$22
43 years$1,955$1,183$688$388$214$18
44 years$1,889$1,128$646$358$194$16
45 years$1,826$1,075$606$331$176$13
46 years$1,766$1,026$569$306$160$11
47 years$1,709$979$535$282$145$10
48 years$1,655$934$503$261$132$8
49 years$1,602$892$473$241$120$7
50 years$1,552$852$444$223$109$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,590,000, adding $3,872 every year, while hoping to spend $41,739 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: 75/6/19 Blend
39$1,590,000$1,590,000$1,590,000$1,590,000
40$1,756,174$1,671,904$1,647,259$1,879,829
41$1,890,894$1,709,417$1,658,032$1,999,804
42$2,037,956$1,747,370$1,667,767$2,125,772
43$2,198,576$1,785,739$1,676,386$2,262,755
44$2,374,090$1,824,500$1,683,804$2,411,842
45$2,565,972$1,863,625$1,689,936$2,574,230
46$2,775,841$1,903,083$1,694,690$2,751,241
47$3,005,484$1,942,841$1,697,969$2,944,327
48$3,256,866$1,982,863$1,699,673$3,155,092
49$3,532,150$2,023,107$1,699,696$3,385,301
50$3,833,721$2,063,530$1,697,927$3,636,900
51$4,164,202$2,104,085$1,694,249$3,912,032
52$4,526,485$2,144,720$1,688,541$4,213,059
53$4,923,753$2,185,377$1,680,674$4,542,584
54$5,359,513$2,225,998$1,670,513$4,903,475
55$5,837,626$2,266,515$1,657,919$5,298,892
56$6,362,348$2,306,858$1,642,743$5,732,319
57$6,938,364$2,346,950$1,624,831$6,207,593
58$7,570,835$2,386,709$1,604,021$6,728,945
59$8,265,449$2,426,047$1,580,144$7,301,033
60$9,028,468$2,464,867$1,553,023$7,928,996
61$9,866,794$2,503,067$1,522,471$8,618,494
62$10,788,027$2,540,538$1,488,294$9,375,764
63$11,800,544$2,577,162$1,450,290$10,207,681
64$12,913,569$2,612,812$1,408,244$11,121,822
65$14,137,268$2,647,355$1,361,935$12,126,534
66$15,482,840$2,680,646$1,311,130$13,231,021
67$16,962,622$2,712,530$1,255,586$14,445,421
68$18,590,209$2,742,843$1,195,047$15,780,911
69$20,380,577$2,771,410$1,129,249$17,249,806
70$22,350,230$2,798,043$1,057,913$18,865,678
71$24,517,349$2,822,542$980,748$20,643,486
72$26,901,966$2,844,695$897,451$22,599,714
73$29,526,156$2,864,274$807,705$24,752,531
74$32,414,239$2,881,039$711,178$27,121,956
75$35,593,014$2,894,732$607,525$29,730,055
76$39,092,008$2,905,080$496,383$32,601,145
77$42,943,757$2,911,794$377,377$35,762,025
78$47,184,113$2,914,564$250,111$39,242,230
79$51,852,577$2,913,063$114,175$43,074,306
80$56,992,679$2,906,942$0$47,294,125
81$62,652,382$2,895,832$0$51,947,481
82$68,884,539$2,879,341$0$57,096,786
83$75,747,385$2,857,053$0$62,766,974
84$83,305,096$2,828,526$0$69,011,058
85$91,628,385$2,793,293$0$75,887,452
86$100,795,174$2,750,858$0$83,460,526
87$110,891,327$2,700,695$0$91,801,215
88$122,011,462$2,642,249$0$100,987,684
89$134,259,841$2,574,929$0$111,106,068
90$147,751,356$2,498,111$0$122,251,284
91$162,612,611$2,411,135$0$134,527,930
92$178,983,118$2,313,302$0$148,051,268
93$197,016,614$2,203,871$0$162,948,312
94$216,882,508$2,082,061$0$179,359,032
95$238,767,486$1,947,043$0$197,437,667
96$262,877,264$1,797,943$0$217,354,189
97$289,438,538$1,633,835$0$239,295,901
98$318,701,117$1,453,741$0$263,469,209
99$350,940,284$1,256,628$0$290,101,569
100$386,459,394$1,041,404$0$319,443,632