Can I retire at age 40 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$138,733$137,497$136,291$135,115$133,966$132,567
2 years$68,680$67,401$66,161$64,959$63,793$62,384
3 years$45,332$44,047$42,810$41,620$40,473$39,098
4 years$33,660$32,379$31,155$29,985$28,866$27,535
5 years$26,659$25,386$24,178$23,031$21,943$20,661
6 years$21,993$20,729$19,539$18,418$17,363$16,131
7 years$18,661$17,408$16,237$15,143$14,121$12,939
8 years$16,164$14,922$13,770$12,703$11,714$10,583
9 years$14,222$12,993$11,860$10,820$9,865$8,784
10 years$12,670$11,452$10,340$9,327$8,406$7,374
11 years$11,401$10,195$9,103$8,117$7,229$6,246
12 years$10,344$9,151$8,079$7,120$6,265$5,328
13 years$9,450$8,270$7,218$6,286$5,463$4,573
14 years$8,685$7,517$6,485$5,580$4,789$3,944
15 years$8,022$6,867$5,855$4,976$4,216$3,415
16 years$7,443$6,300$5,309$4,456$3,726$2,968
17 years$6,932$5,802$4,831$4,003$3,304$2,587
18 years$6,479$5,361$4,410$3,608$2,938$2,260
19 years$6,074$4,969$4,037$3,260$2,619$1,979
20 years$5,710$4,617$3,705$2,953$2,339$1,736
21 years$5,381$4,301$3,408$2,680$2,093$1,525
22 years$5,082$4,015$3,141$2,436$1,876$1,342
23 years$4,810$3,755$2,900$2,219$1,684$1,182
24 years$4,560$3,518$2,682$2,024$1,514$1,043
25 years$4,331$3,302$2,484$1,848$1,362$920
26 years$4,120$3,103$2,304$1,690$1,227$813
27 years$3,925$2,920$2,139$1,547$1,106$719
28 years$3,744$2,752$1,989$1,417$998$636
29 years$3,576$2,596$1,851$1,300$901$563
30 years$3,420$2,452$1,724$1,193$814$498
31 years$3,274$2,318$1,607$1,095$736$442
32 years$3,137$2,193$1,500$1,007$666$391
33 years$3,009$2,077$1,400$926$603$347
34 years$2,888$1,968$1,308$852$546$308
35 years$2,775$1,867$1,223$784$494$273
36 years$2,668$1,772$1,144$722$448$242
37 years$2,567$1,683$1,071$665$406$215
38 years$2,472$1,599$1,003$613$368$191
39 years$2,382$1,521$940$565$334$169
40 years$2,297$1,447$881$522$303$150
41 years$2,216$1,377$826$481$275$134
42 years$2,139$1,312$775$444$249$119
43 years$2,066$1,250$727$410$226$105
44 years$1,996$1,191$682$379$205$94
45 years$1,930$1,136$641$350$186$83
46 years$1,866$1,084$602$323$169$74
47 years$1,806$1,034$565$298$154$66
48 years$1,748$987$531$276$140$58
49 years$1,693$943$499$255$127$52
50 years$1,640$901$469$235$115$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,680,000, adding $6,427 every year, while hoping to spend $57,233 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: 49/46/5 Blend
39$1,680,000$1,680,000$1,680,000$1,680,000
40$1,857,989$1,768,949$1,742,909$1,946,439
41$1,986,609$1,794,733$1,740,401$2,033,213
42$2,126,429$1,819,861$1,735,891$2,120,748
43$2,278,533$1,844,242$1,729,251$2,214,449
44$2,444,110$1,867,776$1,720,348$2,314,905
45$2,624,471$1,890,359$1,709,041$2,422,765
46$2,821,057$1,911,876$1,695,184$2,538,745
47$3,035,454$1,932,208$1,678,622$2,663,637
48$3,269,410$1,951,226$1,659,196$2,798,313
49$3,524,846$1,968,792$1,636,735$2,943,736
50$3,803,878$1,984,760$1,611,063$3,100,969
51$4,108,835$1,998,976$1,581,996$3,271,185
52$4,442,283$2,011,272$1,549,339$3,455,680
53$4,807,044$2,021,472$1,512,890$3,655,883
54$5,206,227$2,029,389$1,472,437$3,873,370
55$5,643,257$2,034,824$1,427,758$4,109,884
56$6,121,902$2,037,563$1,378,621$4,367,345
57$6,646,315$2,037,382$1,324,783$4,647,875
58$7,221,067$2,034,042$1,265,991$4,953,813
59$7,851,194$2,027,288$1,201,980$5,287,744
60$8,542,241$2,016,851$1,132,472$5,652,516
61$9,300,318$2,002,445$1,057,178$6,051,276
62$10,132,151$1,983,766$975,794$6,487,495
63$11,045,153$1,960,492$888,005$6,965,004
64$12,047,485$1,932,283$793,481$7,488,028
65$13,148,141$1,898,777$691,874$8,061,233
66$14,357,026$1,859,591$582,826$8,689,762
67$15,685,052$1,814,321$465,960$9,379,294
68$17,144,240$1,762,535$340,883$10,136,094
69$18,747,833$1,703,781$207,184$10,967,071
70$20,510,422$1,637,576$64,435$11,879,850
71$22,448,080$1,563,412$0$12,882,842
72$24,578,516$1,480,750$0$13,990,015
73$26,921,238$1,389,021$0$15,210,888
74$29,497,744$1,287,622$0$16,553,337
75$32,331,714$1,175,917$0$18,029,842
76$35,449,244$1,053,231$0$19,654,170
77$38,879,082$918,855$0$21,441,500
78$42,652,905$772,036$0$23,408,574
79$46,805,616$611,979$0$25,573,857
80$51,375,669$437,846$0$27,957,709
81$56,405,437$248,751$0$30,582,582
82$61,941,610$43,758$0$33,473,237
83$68,035,631$0$0$36,656,975
84$74,744,186$0$0$40,254,064
85$82,129,734$0$0$44,238,764
86$90,261,100$0$0$48,626,085
87$99,214,120$0$0$53,456,974
88$109,072,359$0$0$58,776,551
89$119,927,899$0$0$64,634,535
90$131,882,203$0$0$71,085,710
91$145,047,079$0$0$78,190,446
92$159,545,729$0$0$86,015,266
93$175,513,911$0$0$94,633,474
94$193,101,226$0$0$104,125,846
95$212,472,521$0$0$114,581,392
96$233,809,450$0$0$126,098,196
97$257,312,184$0$0$138,784,345
98$283,201,304$0$0$152,758,940
99$311,719,877$0$0$168,153,230
100$343,135,754$0$0$185,111,843