Can I retire at age 40 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$135,430$134,223$133,046$131,898$130,776$127,979
2 years$67,044$65,796$64,586$63,412$62,274$59,470
3 years$44,252$42,998$41,791$40,629$39,509$36,785
4 years$32,858$31,608$30,413$29,271$28,178$25,555
5 years$26,024$24,781$23,602$22,483$21,421$18,906
6 years$21,469$20,236$19,074$17,980$16,950$14,546
7 years$18,217$16,994$15,850$14,782$13,784$11,493
8 years$15,779$14,567$13,442$12,400$11,436$9,255
9 years$13,884$12,683$11,578$10,562$9,630$7,559
10 years$12,368$11,180$10,094$9,105$8,206$6,242
11 years$11,129$9,953$8,887$7,924$7,057$5,198
12 years$10,098$8,933$7,887$6,950$6,116$4,359
13 years$9,225$8,073$7,046$6,136$5,333$3,675
14 years$8,478$7,338$6,331$5,447$4,675$3,112
15 years$7,831$6,703$5,716$4,858$4,116$2,646
16 years$7,266$6,150$5,182$4,350$3,638$2,256
17 years$6,767$5,664$4,716$3,908$3,225$1,929
18 years$6,325$5,234$4,305$3,522$2,868$1,653
19 years$5,929$4,851$3,941$3,182$2,556$1,419
20 years$5,574$4,507$3,617$2,882$2,283$1,220
21 years$5,253$4,199$3,327$2,616$2,043$1,050
22 years$4,961$3,919$3,066$2,378$1,832$905
23 years$4,695$3,666$2,831$2,166$1,644$781
24 years$4,452$3,434$2,618$1,976$1,478$674
25 years$4,228$3,223$2,425$1,804$1,330$583
26 years$4,022$3,029$2,249$1,650$1,198$504
27 years$3,832$2,851$2,088$1,510$1,080$436
28 years$3,655$2,686$1,941$1,383$974$377
29 years$3,491$2,534$1,807$1,269$880$327
30 years$3,338$2,393$1,683$1,164$795$283
31 years$3,196$2,262$1,569$1,069$719$245
32 years$3,062$2,141$1,464$983$650$212
33 years$2,937$2,027$1,367$904$588$184
34 years$2,819$1,921$1,277$831$533$160
35 years$2,709$1,822$1,194$765$483$138
36 years$2,605$1,730$1,117$705$437$120
37 years$2,506$1,643$1,045$650$396$104
38 years$2,413$1,561$979$599$359$90
39 years$2,325$1,485$917$552$326$78
40 years$2,242$1,412$860$509$295$68
41 years$2,163$1,345$806$470$268$59
42 years$2,088$1,281$756$434$243$51
43 years$2,017$1,220$710$400$221$44
44 years$1,949$1,163$666$370$200$39
45 years$1,884$1,109$625$341$182$33
46 years$1,822$1,058$587$315$165$29
47 years$1,763$1,010$552$291$150$25
48 years$1,707$964$519$269$136$22
49 years$1,653$920$487$249$124$19
50 years$1,601$879$458$230$112$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,640,000, adding $5,399 every year, while hoping to spend $25,752 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: 28/45/27 Blend
39$1,640,000$1,640,000$1,640,000$1,640,000
40$1,812,849$1,725,929$1,700,509$1,848,284
41$1,970,360$1,783,100$1,730,076$1,934,090
42$2,143,073$1,842,209$1,759,771$2,023,623
43$2,332,514$1,903,323$1,789,570$2,119,294
44$2,540,358$1,966,515$1,819,449$2,221,648
45$2,768,456$2,031,855$1,849,381$2,331,283
46$3,018,843$2,099,420$1,879,340$2,448,854
47$3,293,761$2,169,288$1,909,294$2,575,083
48$3,595,681$2,241,539$1,939,211$2,710,760
49$3,927,324$2,316,259$1,969,059$2,856,756
50$4,291,689$2,393,533$1,998,801$3,014,027
51$4,692,079$2,473,454$2,028,397$3,183,625
52$5,132,131$2,556,113$2,057,809$3,366,704
53$5,615,854$2,641,608$2,086,991$3,564,535
54$6,147,665$2,730,041$2,115,900$3,778,517
55$6,732,429$2,821,515$2,144,484$4,010,185
56$7,375,506$2,916,139$2,172,694$4,261,232
57$8,082,803$3,014,025$2,200,475$4,533,517
58$8,860,827$3,115,290$2,227,768$4,829,087
59$9,716,747$3,220,055$2,254,514$5,150,194
60$10,658,462$3,328,445$2,280,647$5,499,317
61$11,694,677$3,440,590$2,306,100$5,879,185
62$12,834,980$3,556,625$2,330,801$6,292,800
63$14,089,939$3,676,690$2,354,674$6,743,467
64$15,471,196$3,800,931$2,377,639$7,234,826
65$16,991,579$3,929,499$2,399,611$7,770,882
66$18,665,226$4,062,549$2,420,503$8,356,047
67$20,507,710$4,200,245$2,440,221$8,995,177
68$22,536,194$4,342,755$2,458,666$9,693,620
69$24,769,589$4,490,254$2,475,735$10,457,266
70$27,228,734$4,642,923$2,491,320$11,292,598
71$29,936,591$4,800,952$2,505,304$12,206,761
72$32,918,460$4,964,535$2,517,569$13,207,619
73$36,202,222$5,133,877$2,527,987$14,303,836
74$39,818,600$5,309,188$2,536,425$15,504,955
75$43,801,446$5,490,688$2,542,745$16,821,485
76$48,188,065$5,678,603$2,546,798$18,265,005
77$53,019,564$5,873,171$2,548,432$19,848,266
78$58,341,240$6,074,636$2,547,485$21,585,317
79$64,203,007$6,283,254$2,543,786$23,491,633
80$70,659,870$6,499,290$2,537,160$25,584,260
81$77,772,440$6,723,018$2,527,418$27,881,980
82$85,607,508$6,954,725$2,514,365$30,405,481
83$94,238,675$7,194,708$2,497,797$33,177,558
84$103,747,045$7,443,274$2,477,499$36,223,322
85$114,221,994$7,700,745$2,453,246$39,570,439
86$125,762,010$7,967,453$2,424,801$43,249,390
87$138,475,622$8,243,746$2,391,919$47,293,759
88$152,482,428$8,529,982$2,354,341$51,740,545
89$167,914,221$8,826,536$2,311,797$56,630,517
90$184,916,231$9,133,797$2,264,002$62,008,591
91$203,648,502$9,452,168$2,210,662$67,924,258
92$224,287,396$9,782,070$2,151,465$74,432,050
93$247,027,258$10,123,940$2,086,088$81,592,049
94$272,082,257$10,478,232$2,014,190$89,470,458
95$299,688,400$10,845,418$1,935,418$98,140,226
96$330,105,763$11,225,989$1,849,401$107,681,728
97$363,620,945$11,620,457$1,755,750$118,183,531
98$400,549,774$12,029,351$1,654,060$129,743,226
99$441,240,287$12,453,226$1,543,907$142,468,345
100$486,076,017$12,892,655$1,424,849$156,477,379