Can I retire at age 40 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$142,036$140,771$139,536$138,332$137,155$132,447
2 years$70,315$69,005$67,736$66,506$65,312$60,616
3 years$46,411$45,096$43,830$42,611$41,437$36,901
4 years$34,461$33,150$31,897$30,699$29,553$25,212
5 years$27,293$25,990$24,753$23,580$22,466$18,332
6 years$22,516$21,223$20,004$18,857$17,776$13,852
7 years$19,106$17,823$16,624$15,503$14,457$10,741
8 years$16,549$15,278$14,098$13,005$11,993$8,484
9 years$14,561$13,302$12,143$11,078$10,100$6,792
10 years$12,972$11,725$10,586$9,549$8,606$5,494
11 years$11,672$10,438$9,320$8,310$7,401$4,479
12 years$10,590$9,369$8,271$7,289$6,414$3,675
13 years$9,675$8,466$7,390$6,435$5,593$3,031
14 years$8,892$7,696$6,640$5,713$4,903$2,509
15 years$8,213$7,030$5,995$5,095$4,317$2,084
16 years$7,620$6,450$5,435$4,562$3,815$1,736
17 years$7,098$5,940$4,946$4,099$3,383$1,449
18 years$6,633$5,489$4,515$3,694$3,008$1,211
19 years$6,219$5,087$4,133$3,338$2,681$1,014
20 years$5,846$4,727$3,793$3,023$2,395$850
21 years$5,509$4,403$3,489$2,743$2,143$714
22 years$5,203$4,110$3,216$2,494$1,921$600
23 years$4,924$3,844$2,969$2,272$1,724$504
24 years$4,669$3,602$2,746$2,072$1,550$424
25 years$4,434$3,380$2,543$1,892$1,395$357
26 years$4,218$3,177$2,359$1,730$1,256$300
27 years$4,019$2,990$2,190$1,584$1,133$253
28 years$3,834$2,817$2,036$1,451$1,022$213
29 years$3,661$2,658$1,895$1,331$923$180
30 years$3,501$2,510$1,765$1,221$834$151
31 years$3,352$2,373$1,645$1,121$754$128
32 years$3,212$2,245$1,535$1,031$682$108
33 years$3,080$2,126$1,433$948$617$91
34 years$2,957$2,015$1,339$872$559$77
35 years$2,841$1,911$1,252$803$506$65
36 years$2,732$1,814$1,171$739$459$54
37 years$2,629$1,723$1,096$681$416$46
38 years$2,531$1,637$1,027$628$377$39
39 years$2,439$1,557$962$579$342$33
40 years$2,352$1,481$902$534$310$28
41 years$2,269$1,410$845$493$281$23
42 years$2,190$1,343$793$455$255$20
43 years$2,115$1,280$744$420$232$17
44 years$2,044$1,220$699$388$210$14
45 years$1,976$1,163$656$358$191$12
46 years$1,911$1,110$616$331$173$10
47 years$1,849$1,059$579$305$157$8
48 years$1,790$1,011$544$282$143$7
49 years$1,733$965$511$261$130$6
50 years$1,679$922$481$241$118$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,720,000, adding $6,075 every year, while hoping to spend $32,499 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: 44/33/23 Blend
39$1,720,000$1,720,000$1,720,000$1,720,000
40$1,901,706$1,810,546$1,783,886$1,972,464
41$2,061,102$1,864,684$1,809,068$2,077,287
42$2,235,666$1,920,386$1,834,004$2,187,214
43$2,426,913$1,977,694$1,858,651$2,305,720
44$2,636,507$2,036,650$1,882,966$2,433,617
45$2,866,285$2,097,300$1,906,899$2,571,798
46$3,118,268$2,159,689$1,930,402$2,721,247
47$3,394,680$2,223,863$1,953,419$2,883,048
48$3,697,974$2,289,869$1,975,896$3,058,392
49$4,030,852$2,357,757$1,997,772$3,248,591
50$4,396,286$2,427,575$2,018,985$3,455,091
51$4,797,556$2,499,374$2,039,469$3,679,481
52$5,238,269$2,573,206$2,059,154$3,923,514
53$5,722,403$2,649,123$2,077,966$4,189,118
54$6,254,338$2,727,181$2,095,829$4,478,419
55$6,838,901$2,807,433$2,112,659$4,793,755
56$7,481,407$2,889,935$2,128,372$5,137,704
57$8,187,715$2,974,746$2,142,876$5,513,105
58$8,964,277$3,061,924$2,156,078$5,923,083
59$9,818,203$3,151,528$2,167,876$6,371,085
60$10,757,326$3,243,619$2,178,166$6,860,903
61$11,790,276$3,338,259$2,186,837$7,396,717
62$12,926,561$3,435,511$2,193,774$7,983,133
63$14,176,659$3,535,439$2,198,853$8,625,223
64$15,552,111$3,638,109$2,201,948$9,328,578
65$17,065,637$3,743,587$2,202,923$10,099,354
66$18,731,249$3,851,940$2,201,639$10,944,337
67$20,564,389$3,963,237$2,197,946$11,871,002
68$22,582,069$4,077,548$2,191,690$12,887,587
69$24,803,036$4,194,945$2,182,708$14,003,166
70$27,247,946$4,315,497$2,170,829$15,227,741
71$29,939,560$4,439,280$2,155,875$16,572,330
72$32,902,956$4,566,366$2,137,658$18,049,074
73$36,165,770$4,696,830$2,115,982$19,671,354
74$39,758,453$4,830,749$2,090,641$21,453,911
75$43,714,558$4,968,198$2,061,420$23,412,990
76$48,071,059$5,109,256$2,028,094$25,566,493
77$52,868,698$5,254,000$1,990,426$27,934,147
78$58,152,369$5,402,511$1,948,170$30,537,687
79$63,971,544$5,554,867$1,901,066$33,401,069
80$70,380,734$5,711,148$1,848,845$36,550,688
81$77,440,012$5,871,437$1,791,224$40,015,631
82$85,215,569$6,035,813$1,727,906$43,827,954
83$93,780,348$6,204,360$1,658,582$48,022,978
84$103,214,728$6,377,158$1,582,929$52,639,630
85$113,607,282$6,554,290$1,500,609$57,720,805
86$125,055,612$6,735,838$1,411,267$63,313,774
87$137,667,274$6,921,883$1,314,534$69,470,629
88$151,560,790$7,112,509$1,210,024$76,248,775
89$166,866,765$7,307,796$1,097,334$83,711,474
90$183,729,122$7,507,826$976,043$91,928,438
91$202,306,462$7,712,679$845,709$100,976,494
92$222,773,555$7,922,434$705,874$110,940,302
93$245,322,993$8,137,169$556,057$121,913,161
94$270,167,011$8,356,963$395,757$133,997,886
95$297,539,482$8,581,890$224,451$147,307,780
96$327,698,132$8,812,025$41,592$161,967,705
97$360,926,966$9,047,439$0$178,115,260
98$397,538,956$9,288,203$0$195,939,764
99$437,878,989$9,534,384$0$215,583,981
100$482,327,123$9,786,046$0$237,221,998