Can I retire at age 40 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$132,952$131,768$130,613$129,485$128,384$125,128
2 years$65,818$64,592$63,404$62,252$61,135$57,876
3 years$43,443$42,212$41,027$39,886$38,787$35,626
4 years$32,257$31,030$29,857$28,735$27,663$24,625
5 years$25,548$24,328$23,170$22,072$21,029$18,123
6 years$21,076$19,866$18,725$17,651$16,639$13,868
7 years$17,884$16,683$15,561$14,512$13,532$10,895
8 years$15,490$14,300$13,197$12,173$11,226$8,723
9 years$13,630$12,451$11,366$10,369$9,454$7,082
10 years$12,142$10,975$9,909$8,938$8,055$5,811
11 years$10,926$9,770$8,724$7,779$6,928$4,809
12 years$9,913$8,769$7,742$6,823$6,004$4,006
13 years$9,056$7,925$6,917$6,024$5,235$3,355
14 years$8,323$7,204$6,215$5,347$4,589$2,822
15 years$7,688$6,581$5,611$4,769$4,041$2,383
16 years$7,133$6,038$5,088$4,270$3,571$2,017
17 years$6,644$5,560$4,630$3,837$3,166$1,712
18 years$6,209$5,138$4,226$3,458$2,815$1,456
19 years$5,821$4,762$3,869$3,124$2,509$1,241
20 years$5,472$4,425$3,551$2,830$2,242$1,059
21 years$5,157$4,122$3,266$2,568$2,006$905
22 years$4,870$3,847$3,010$2,335$1,798$774
23 years$4,609$3,598$2,779$2,126$1,614$662
24 years$4,370$3,372$2,570$1,939$1,451$567
25 years$4,151$3,164$2,381$1,771$1,305$486
26 years$3,949$2,974$2,208$1,619$1,176$417
27 years$3,762$2,799$2,050$1,482$1,060$358
28 years$3,588$2,637$1,906$1,358$957$307
29 years$3,427$2,488$1,774$1,245$864$264
30 years$3,277$2,349$1,652$1,143$780$227
31 years$3,137$2,221$1,540$1,050$706$195
32 years$3,006$2,102$1,437$965$638$167
33 years$2,883$1,990$1,342$887$578$144
34 years$2,768$1,886$1,254$816$523$124
35 years$2,659$1,789$1,172$751$474$106
36 years$2,557$1,698$1,096$692$429$91
37 years$2,461$1,613$1,026$638$389$79
38 years$2,369$1,533$961$588$353$68
39 years$2,283$1,457$900$542$320$58
40 years$2,201$1,387$844$500$290$50
41 years$2,123$1,320$791$461$263$43
42 years$2,050$1,257$742$426$239$37
43 years$1,980$1,198$697$393$217$32
44 years$1,913$1,142$654$363$197$27
45 years$1,849$1,089$614$335$179$24
46 years$1,789$1,039$577$309$162$20
47 years$1,731$991$542$286$147$17
48 years$1,675$946$509$264$134$15
49 years$1,623$904$479$244$121$13
50 years$1,572$863$450$226$110$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,610,000, adding $2,024 every year, while hoping to spend $59,636 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: 80/13/7 Blend
39$1,610,000$1,610,000$1,610,000$1,610,000
40$1,776,308$1,690,978$1,666,023$1,916,931
41$1,894,039$1,710,383$1,658,382$2,028,736
42$2,021,780$1,728,741$1,648,487$2,143,321
43$2,160,489$1,745,937$1,636,199$2,267,248
44$2,311,219$1,761,848$1,621,372$2,401,422
45$2,475,131$1,776,346$1,603,855$2,546,834
46$2,653,498$1,789,291$1,583,488$2,704,579
47$2,847,725$1,800,537$1,560,106$2,875,862
48$3,059,356$1,809,926$1,533,532$3,062,011
49$3,290,090$1,817,292$1,503,584$3,264,488
50$3,541,797$1,822,457$1,470,072$3,484,904
51$3,816,535$1,825,232$1,432,795$3,725,034
52$4,116,572$1,825,419$1,391,544$3,986,834
53$4,444,401$1,822,803$1,346,099$4,272,457
54$4,802,768$1,817,159$1,296,232$4,584,279
55$5,194,698$1,808,247$1,241,703$4,924,914
56$5,623,519$1,795,813$1,182,262$5,297,245
57$6,092,897$1,779,587$1,117,647$5,704,449
58$6,606,869$1,759,283$1,047,584$6,150,026
59$7,169,879$1,734,597$971,788$6,637,832
60$7,786,824$1,705,209$889,960$7,172,118
61$8,463,093$1,670,778$801,787$7,757,568
62$9,204,626$1,630,944$706,944$8,399,345
63$10,017,961$1,585,323$605,090$9,103,138
64$10,910,302$1,533,513$495,870$9,875,216
65$11,889,583$1,475,085$378,912$10,722,490
66$12,964,543$1,409,587$253,828$11,652,573
67$14,144,810$1,336,540$120,214$12,673,860
68$15,440,986$1,255,436$0$13,795,600
69$16,864,755$1,165,741$0$15,029,657
70$18,428,985$1,066,887$0$16,395,287
71$20,147,853$958,277$0$17,895,919
72$22,036,978$839,276$0$19,545,234
73$24,113,566$709,217$0$21,358,312
74$26,396,574$567,393$0$23,351,768
75$28,906,887$413,057$0$25,543,913
76$31,667,514$245,421$0$27,954,924
77$34,703,806$63,653$0$30,607,039
78$38,043,697$0$0$33,524,761
79$41,717,959$0$0$36,754,139
80$45,760,501$0$0$40,317,275
81$50,208,682$0$0$44,237,998
82$55,103,667$0$0$48,552,599
83$60,490,812$0$0$53,301,062
84$66,420,093$0$0$58,527,446
85$72,946,576$0$0$64,280,295
86$80,130,937$0$0$70,613,101
87$88,040,032$0$0$77,584,804
88$96,747,531$0$0$85,260,349
89$106,334,608$0$0$93,711,300
90$116,890,711$0$0$103,016,511
91$128,514,400$0$0$113,262,874
92$141,314,282$0$0$124,546,134
93$155,410,031$0$0$136,971,795
94$170,933,519$0$0$150,656,116
95$188,030,062$0$0$165,727,203
96$206,859,783$0$0$182,326,222
97$227,599,131$0$0$200,608,729
98$250,442,542$0$0$220,746,136
99$275,604,272$0$0$242,927,331
100$303,320,421$0$0$267,360,458