Can I retire at age 40 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$134,604$133,405$132,235$131,093$129,978$125,919
2 years$66,636$65,395$64,192$63,026$61,895$57,840
3 years$43,982$42,736$41,536$40,381$39,268$35,347
4 years$32,658$31,416$30,228$29,092$28,007$24,248
5 years$25,865$24,630$23,458$22,346$21,290$17,705
6 years$21,338$20,112$18,958$17,870$16,846$13,437
7 years$18,106$16,890$15,754$14,692$13,700$10,468
8 years$15,683$14,478$13,361$12,325$11,366$8,307
9 years$13,799$12,606$11,507$10,498$9,572$6,683
10 years$12,293$11,111$10,032$9,049$8,156$5,433
11 years$11,061$9,892$8,832$7,876$7,014$4,453
12 years$10,036$8,878$7,839$6,908$6,078$3,673
13 years$9,169$8,023$7,003$6,099$5,300$3,045
14 years$8,426$7,293$6,292$5,414$4,646$2,535
15 years$7,784$6,662$5,681$4,828$4,091$2,118
16 years$7,222$6,113$5,151$4,323$3,616$1,774
17 years$6,726$5,629$4,687$3,884$3,206$1,489
18 years$6,286$5,202$4,279$3,500$2,850$1,253
19 years$5,893$4,821$3,917$3,163$2,541$1,055
20 years$5,540$4,480$3,595$2,865$2,269$890
21 years$5,221$4,173$3,306$2,600$2,031$752
22 years$4,931$3,895$3,047$2,364$1,820$636
23 years$4,666$3,643$2,814$2,153$1,634$538
24 years$4,425$3,413$2,602$1,964$1,469$455
25 years$4,202$3,203$2,410$1,793$1,322$386
26 years$3,998$3,011$2,235$1,640$1,190$327
27 years$3,808$2,833$2,076$1,501$1,073$277
28 years$3,633$2,670$1,930$1,375$968$235
29 years$3,470$2,519$1,796$1,261$875$199
30 years$3,318$2,379$1,673$1,157$790$169
31 years$3,176$2,249$1,559$1,063$714$143
32 years$3,043$2,128$1,455$977$646$122
33 years$2,919$2,015$1,358$898$585$103
34 years$2,802$1,910$1,269$826$529$88
35 years$2,692$1,811$1,187$761$480$75
36 years$2,589$1,719$1,110$701$435$63
37 years$2,491$1,633$1,039$646$394$54
38 years$2,399$1,552$973$595$357$46
39 years$2,311$1,476$912$549$324$39
40 years$2,228$1,404$854$506$294$33
41 years$2,150$1,336$801$467$266$28
42 years$2,075$1,273$752$431$242$24
43 years$2,004$1,213$705$398$219$20
44 years$1,937$1,156$662$367$199$17
45 years$1,872$1,102$622$339$181$15
46 years$1,811$1,052$584$313$164$12
47 years$1,752$1,003$548$289$149$11
48 years$1,696$958$515$267$135$9
49 years$1,643$915$484$247$123$8
50 years$1,591$874$455$228$112$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,630,000, adding $6,878 every year, while hoping to spend $45,333 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: 50/33/17 Blend
39$1,630,000$1,630,000$1,630,000$1,630,000
40$1,803,355$1,716,965$1,691,700$1,884,716
41$1,939,063$1,752,862$1,700,138$1,977,432
42$2,087,094$1,788,999$1,707,339$2,072,883
43$2,248,657$1,825,339$1,713,214$2,175,630
44$2,425,083$1,861,844$1,717,670$2,286,378
45$2,617,837$1,898,469$1,720,607$2,405,902
46$2,828,531$1,935,170$1,721,923$2,535,056
47$3,058,942$1,971,894$1,721,508$2,674,782
48$3,311,025$2,008,588$1,719,249$2,826,118
49$3,586,933$2,045,192$1,715,028$2,990,210
50$3,889,036$2,081,642$1,708,717$3,168,320
51$4,219,945$2,117,870$1,700,186$3,361,840
52$4,582,535$2,153,801$1,689,298$3,572,303
53$4,979,972$2,189,356$1,675,908$3,801,402
54$5,415,744$2,224,448$1,659,865$4,051,002
55$5,893,690$2,258,986$1,641,010$4,323,159
56$6,418,041$2,292,871$1,619,179$4,620,142
57$6,993,456$2,325,997$1,594,197$4,944,450
58$7,625,068$2,358,251$1,565,882$5,298,841
59$8,318,531$2,389,511$1,534,045$5,686,353
60$9,080,071$2,419,647$1,498,485$6,110,340
61$9,916,550$2,448,521$1,458,996$6,574,497
62$10,835,524$2,475,985$1,415,358$7,082,898
63$11,845,319$2,501,880$1,367,345$7,640,036
64$12,955,108$2,526,038$1,314,717$8,250,865
65$14,174,994$2,548,279$1,257,225$8,920,846
66$15,516,111$2,568,412$1,194,609$9,656,002
67$16,990,722$2,586,232$1,126,597$10,462,973
68$18,612,340$2,601,522$1,052,902$11,349,078
69$20,395,854$2,614,051$973,229$12,322,388
70$22,357,665$2,623,573$887,266$13,391,803
71$24,515,845$2,629,828$794,689$14,567,133
72$26,890,308$2,632,536$695,157$15,859,193
73$29,502,992$2,631,403$588,318$17,279,908
74$32,378,071$2,626,115$473,800$18,842,424
75$35,542,180$2,616,340$351,218$20,561,236
76$39,024,667$2,601,725$220,168$22,452,319
77$42,857,868$2,581,895$80,229$24,533,290
78$47,077,416$2,556,453$0$26,823,566
79$51,722,571$2,524,978$0$29,357,091
80$56,836,595$2,487,023$0$32,161,271
81$62,467,156$2,442,116$0$35,247,641
82$68,666,781$2,389,755$0$38,644,968
83$75,493,348$2,329,409$0$42,384,960
84$83,010,637$2,260,517$0$46,502,563
85$91,288,923$2,182,483$0$51,036,293
86$100,405,647$2,094,679$0$56,028,601
87$110,446,143$1,996,438$0$61,526,275
88$121,504,441$1,887,055$0$67,580,882
89$133,684,159$1,765,785$0$74,249,255
90$147,099,475$1,631,841$0$81,594,035
91$161,876,209$1,484,389$0$89,684,257
92$178,153,006$1,322,548$0$98,596,011
93$196,082,648$1,145,387$0$108,413,156
94$215,833,491$951,924$0$119,228,116
95$237,591,058$741,119$0$131,142,753
96$261,559,787$511,875$0$144,269,331
97$287,964,961$263,033$0$158,731,580
98$317,054,835$0$0$174,665,864
99$349,102,975$0$0$192,224,877
100$384,410,845$0$0$211,675,391