Can I retire at age 40 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$137,081$135,860$134,669$133,506$132,371$130,500
2 years$67,862$66,598$65,373$64,186$63,034$61,153
3 years$44,792$43,523$42,301$41,124$39,991$38,158
4 years$33,259$31,994$30,784$29,628$28,522$26,752
5 years$26,341$25,083$23,890$22,757$21,682$19,979
6 years$21,731$20,483$19,306$18,199$17,156$15,522
7 years$18,439$17,201$16,044$14,962$13,953$12,389
8 years$15,971$14,745$13,606$12,552$11,575$10,081
9 years$14,053$12,838$11,719$10,691$9,748$8,323
10 years$12,519$11,316$10,217$9,216$8,306$6,949
11 years$11,265$10,074$8,995$8,021$7,143$5,853
12 years$10,221$9,042$7,983$7,035$6,190$4,965
13 years$9,338$8,171$7,132$6,211$5,398$4,236
14 years$8,582$7,427$6,408$5,513$4,732$3,631
15 years$7,927$6,785$5,786$4,917$4,166$3,126
16 years$7,354$6,225$5,246$4,403$3,682$2,699
17 years$6,850$5,733$4,773$3,956$3,265$2,338
18 years$6,402$5,298$4,357$3,565$2,903$2,029
19 years$6,002$4,910$3,989$3,221$2,587$1,765
20 years$5,642$4,562$3,661$2,917$2,311$1,538
21 years$5,317$4,250$3,367$2,648$2,068$1,343
22 years$5,021$3,967$3,104$2,407$1,854$1,173
23 years$4,752$3,710$2,866$2,192$1,664$1,027
24 years$4,506$3,476$2,650$2,000$1,496$899
25 years$4,280$3,262$2,455$1,826$1,346$788
26 years$4,071$3,066$2,276$1,670$1,212$691
27 years$3,878$2,885$2,114$1,528$1,093$607
28 years$3,700$2,719$1,965$1,400$986$533
29 years$3,534$2,565$1,829$1,284$891$468
30 years$3,379$2,422$1,703$1,179$805$412
31 years$3,235$2,290$1,588$1,082$728$362
32 years$3,099$2,167$1,482$995$658$318
33 years$2,973$2,052$1,383$915$596$280
34 years$2,854$1,945$1,293$842$539$247
35 years$2,742$1,845$1,208$775$488$217
36 years$2,636$1,751$1,131$714$443$191
37 years$2,537$1,663$1,058$657$401$168
38 years$2,443$1,580$991$606$364$148
39 years$2,354$1,503$928$559$330$131
40 years$2,269$1,430$870$515$299$115
41 years$2,189$1,361$816$475$271$101
42 years$2,113$1,296$765$439$246$89
43 years$2,041$1,235$718$405$223$79
44 years$1,972$1,177$674$374$203$69
45 years$1,907$1,123$633$345$184$61
46 years$1,844$1,071$595$319$167$54
47 years$1,785$1,022$559$295$152$48
48 years$1,727$976$525$272$138$42
49 years$1,673$932$493$252$125$37
50 years$1,621$890$464$233$114$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,660,000, adding $6,353 every year, while hoping to spend $25,930 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: 53/29/18 Blend
39$1,660,000$1,660,000$1,660,000$1,660,000
40$1,835,873$1,747,893$1,722,163$1,923,874
41$1,995,543$1,805,951$1,752,266$2,042,929
42$2,170,630$1,865,984$1,782,509$2,169,144
43$2,362,679$1,928,062$1,812,868$2,305,911
44$2,573,393$1,992,258$1,843,320$2,454,243
45$2,804,646$2,058,645$1,873,838$2,615,252
46$3,058,503$2,127,301$1,904,394$2,790,164
47$3,337,238$2,198,307$1,934,959$2,980,324
48$3,643,357$2,271,745$1,965,501$3,187,216
49$3,979,621$2,347,702$1,995,987$3,412,473
50$4,349,070$2,426,267$2,026,380$3,657,890
51$4,755,054$2,507,533$2,056,643$3,925,446
52$5,201,263$2,591,596$2,086,734$4,217,318
53$5,691,763$2,678,556$2,116,611$4,535,902
54$6,231,034$2,768,515$2,146,228$4,883,838
55$6,824,009$2,861,582$2,175,536$5,264,032
56$7,476,126$2,957,868$2,204,485$5,679,683
57$8,193,375$3,057,488$2,233,019$6,134,316
58$8,982,356$3,160,561$2,261,082$6,631,811
59$9,850,341$3,267,213$2,288,613$7,176,442
60$10,805,341$3,377,573$2,315,547$7,772,915
61$11,856,185$3,491,773$2,341,817$8,426,415
62$13,012,599$3,609,953$2,367,351$9,142,652
63$14,285,300$3,732,256$2,392,073$9,927,915
64$15,686,098$3,858,834$2,415,905$10,789,132
65$17,228,003$3,989,840$2,438,761$11,733,934
66$18,925,353$4,125,436$2,460,553$12,770,728
67$20,793,946$4,265,789$2,481,188$13,908,774
68$22,851,188$4,411,073$2,500,568$15,158,274
69$25,116,262$4,561,468$2,518,590$16,530,466
70$27,610,302$4,717,161$2,535,144$18,037,732
71$30,356,598$4,878,347$2,550,116$19,693,712
72$33,380,813$5,045,228$2,563,387$21,513,434
73$36,711,224$5,218,012$2,574,829$23,513,455
74$40,378,993$5,396,919$2,584,310$25,712,015
75$44,418,456$5,582,174$2,591,689$28,129,212
76$48,867,449$5,774,011$2,596,822$30,787,190
77$53,767,667$5,972,675$2,599,553$33,710,346
78$59,165,052$6,178,420$2,599,722$36,925,561
79$65,110,233$6,391,508$2,597,158$40,462,454
80$71,658,998$6,612,213$2,591,684$44,353,658
81$78,872,824$6,840,820$2,583,114$48,635,132
82$86,819,456$7,077,624$2,571,252$53,346,496
83$95,573,544$7,322,931$2,555,893$58,531,407
84$105,217,353$7,577,062$2,536,822$64,237,969
85$115,841,532$7,840,347$2,513,815$70,519,186
86$127,545,975$8,113,131$2,486,635$77,433,463
87$140,440,763$8,395,773$2,455,036$85,045,158
88$154,647,200$8,688,645$2,418,758$93,425,184
89$170,298,961$8,992,135$2,377,533$102,651,684
90$187,543,349$9,306,644$2,331,075$112,810,762
91$206,542,693$9,632,592$2,279,088$123,997,300
92$227,475,873$9,970,414$2,221,262$136,315,848
93$250,540,010$10,320,562$2,157,273$149,881,617
94$275,952,330$10,683,509$2,086,780$164,821,559
95$303,952,210$11,059,742$2,009,429$181,275,567
96$334,803,438$11,449,773$1,924,848$199,397,797
97$368,796,707$11,854,130$1,832,649$219,358,119
98$406,252,354$12,273,366$1,732,426$241,343,722
99$447,523,386$12,708,052$1,623,754$265,560,879
100$492,998,813$13,158,788$1,506,191$292,236,894