Can I retire at age 40 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$133,778$132,586$131,424$130,289$129,181$126,366
2 years$66,227$64,993$63,798$62,639$61,515$58,693
3 years$43,713$42,474$41,282$40,133$39,028$36,287
4 years$32,458$31,223$30,042$28,914$27,835$25,197
5 years$25,707$24,479$23,314$22,209$21,160$18,631
6 years$21,207$19,989$18,841$17,760$16,743$14,327
7 years$17,995$16,787$15,657$14,602$13,616$11,313
8 years$15,586$14,389$13,279$12,249$11,296$9,105
9 years$13,714$12,528$11,437$10,434$9,513$7,432
10 years$12,217$11,043$9,971$8,994$8,106$6,133
11 years$10,994$9,831$8,778$7,827$6,971$5,104
12 years$9,974$8,824$7,790$6,866$6,041$4,277
13 years$9,113$7,974$6,960$6,061$5,268$3,604
14 years$8,375$7,248$6,254$5,381$4,618$3,050
15 years$7,736$6,622$5,646$4,798$4,066$2,591
16 years$7,177$6,075$5,119$4,297$3,593$2,208
17 years$6,685$5,595$4,658$3,860$3,186$1,887
18 years$6,248$5,170$4,252$3,479$2,833$1,615
19 years$5,857$4,791$3,893$3,144$2,525$1,386
20 years$5,506$4,452$3,573$2,847$2,255$1,190
21 years$5,189$4,147$3,286$2,584$2,018$1,024
22 years$4,900$3,871$3,029$2,349$1,809$882
23 years$4,638$3,621$2,797$2,140$1,624$760
24 years$4,397$3,392$2,586$1,951$1,460$656
25 years$4,177$3,184$2,395$1,782$1,314$566
26 years$3,973$2,992$2,222$1,630$1,183$489
27 years$3,785$2,816$2,063$1,492$1,067$423
28 years$3,611$2,653$1,918$1,367$963$366
29 years$3,449$2,503$1,785$1,253$869$316
30 years$3,298$2,364$1,662$1,150$785$274
31 years$3,157$2,235$1,550$1,056$710$237
32 years$3,025$2,115$1,446$971$642$205
33 years$2,901$2,003$1,350$893$581$178
34 years$2,785$1,898$1,261$821$526$154
35 years$2,676$1,800$1,179$756$477$133
36 years$2,573$1,709$1,103$696$432$116
37 years$2,476$1,623$1,033$642$391$100
38 years$2,384$1,542$967$591$355$87
39 years$2,297$1,467$906$545$322$75
40 years$2,215$1,395$849$503$292$65
41 years$2,137$1,328$796$464$265$57
42 years$2,062$1,265$747$428$240$49
43 years$1,992$1,205$701$395$218$43
44 years$1,925$1,149$658$365$198$37
45 years$1,861$1,095$618$337$180$32
46 years$1,800$1,045$580$311$163$28
47 years$1,742$997$545$288$148$24
48 years$1,686$952$512$266$135$21
49 years$1,633$909$481$246$122$18
50 years$1,582$868$453$227$111$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,620,000, adding $3,138 every year, while hoping to spend $25,284 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: 77/11/12 Blend
39$1,620,000$1,620,000$1,620,000$1,620,000
40$1,788,477$1,702,617$1,677,507$1,921,819
41$1,944,000$1,759,143$1,706,801$2,066,592
42$2,114,538$1,817,592$1,736,230$2,221,770
43$2,301,597$1,878,030$1,765,770$2,391,212
44$2,506,835$1,940,529$1,795,398$2,576,330
45$2,732,077$2,005,159$1,825,089$2,778,678
46$2,979,335$2,071,998$1,854,815$2,999,969
47$3,250,823$2,141,121$1,884,547$3,242,089
48$3,548,982$2,212,611$1,914,255$3,507,112
49$3,876,500$2,286,552$1,943,904$3,797,326
50$4,236,340$2,363,029$1,973,461$4,115,250
51$4,631,762$2,442,134$2,002,888$4,463,658
52$5,066,362$2,523,959$2,032,146$4,845,605
53$5,544,100$2,608,601$2,061,191$5,264,459
54$6,069,337$2,696,161$2,089,980$5,723,926
55$6,646,880$2,786,744$2,118,465$6,228,091
56$7,282,025$2,880,457$2,146,596$6,781,454
57$7,980,604$2,977,413$2,174,321$7,388,971
58$8,749,048$3,077,728$2,201,582$8,056,105
59$9,594,436$3,181,522$2,228,320$8,788,870
60$10,524,573$3,288,921$2,254,474$9,593,895
61$11,548,057$3,400,055$2,279,976$10,478,483
62$12,674,360$3,515,059$2,304,756$11,450,678
63$13,913,921$3,634,073$2,328,742$12,519,346
64$15,278,240$3,757,242$2,351,854$13,694,251
65$16,779,991$3,884,717$2,374,011$14,986,156
66$18,433,136$4,016,655$2,395,127$16,406,916
67$20,253,062$4,153,217$2,415,110$17,969,594
68$22,256,723$4,294,573$2,433,864$19,688,584
69$24,462,799$4,440,898$2,451,289$21,579,746
70$26,891,875$4,592,373$2,467,278$23,660,553
71$29,566,634$4,749,187$2,481,720$25,950,263
72$32,512,070$4,911,536$2,494,497$28,470,090
73$35,755,724$5,079,624$2,505,485$31,243,414
74$39,327,945$5,253,663$2,514,556$34,295,994
75$43,262,174$5,433,871$2,521,572$37,656,216
76$47,595,262$5,620,476$2,526,391$41,355,359
77$52,367,815$5,813,717$2,528,862$45,427,886
78$57,624,581$6,013,837$2,528,827$49,911,778
79$63,414,868$6,221,095$2,526,122$54,848,882
80$69,793,009$6,435,754$2,520,573$60,285,314
81$76,818,881$6,658,090$2,511,997$66,271,889
82$84,558,462$6,888,392$2,500,203$72,864,602
83$93,084,458$7,126,956$2,484,993$80,125,158
84$102,476,988$7,374,092$2,466,155$88,121,550
85$112,824,340$7,630,122$2,443,471$96,928,706
86$124,223,805$7,895,380$2,416,710$106,629,189
87$136,782,594$8,170,215$2,385,631$117,313,983
88$150,618,851$8,454,987$2,349,981$129,083,349
89$165,862,765$8,750,073$2,309,497$142,047,770
90$182,657,803$9,055,863$2,263,902$156,328,992
91$201,162,062$9,372,763$2,212,905$172,061,179
92$221,549,760$9,701,196$2,156,205$189,392,174
93$244,012,882$10,041,601$2,093,485$208,484,895
94$268,762,992$10,394,435$2,024,412$229,518,873
95$296,033,227$10,760,173$1,948,640$252,691,950
96$326,080,504$11,139,309$1,865,807$278,222,140
97$359,187,937$11,532,357$1,775,533$306,349,689
98$395,667,516$11,939,852$1,677,423$337,339,348
99$435,863,048$12,362,350$1,571,062$371,482,862
100$480,153,404$12,800,430$1,456,017$409,101,733