Can I retire at age 40 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$151,945$150,592$149,272$147,983$146,724$145,071
2 years$75,221$73,820$72,462$71,146$69,869$68,205
3 years$49,649$48,242$46,888$45,584$44,328$42,704
4 years$36,866$35,463$34,122$32,840$31,615$30,044
5 years$29,198$27,803$26,480$25,225$24,033$22,520
6 years$24,087$22,704$21,400$20,172$19,017$17,563
7 years$20,438$19,066$17,783$16,585$15,466$14,072
8 years$17,703$16,343$15,082$13,913$12,830$11,497
9 years$15,577$14,230$12,990$11,850$10,805$9,531
10 years$13,877$12,543$11,325$10,215$9,206$7,991
11 years$12,487$11,166$9,970$8,890$7,918$6,760
12 years$11,329$10,022$8,848$7,798$6,861$5,760
13 years$10,350$9,057$7,905$6,884$5,983$4,937
14 years$9,512$8,233$7,103$6,111$5,245$4,252
15 years$8,786$7,521$6,413$5,450$4,618$3,678
16 years$8,152$6,900$5,814$4,880$4,081$3,191
17 years$7,593$6,355$5,291$4,385$3,619$2,778
18 years$7,096$5,872$4,830$3,951$3,218$2,423
19 years$6,652$5,442$4,422$3,570$2,868$2,119
20 years$6,254$5,057$4,058$3,234$2,562$1,856
21 years$5,893$4,711$3,732$2,935$2,292$1,628
22 years$5,566$4,397$3,440$2,668$2,055$1,431
23 years$5,268$4,113$3,176$2,430$1,845$1,258
24 years$4,995$3,853$2,938$2,216$1,658$1,108
25 years$4,744$3,616$2,721$2,024$1,492$977
26 years$4,513$3,398$2,523$1,851$1,344$861
27 years$4,299$3,198$2,343$1,694$1,212$760
28 years$4,101$3,014$2,178$1,552$1,093$672
29 years$3,917$2,843$2,027$1,423$987$593
30 years$3,745$2,685$1,888$1,306$892$525
31 years$3,585$2,538$1,760$1,200$806$464
32 years$3,436$2,402$1,642$1,103$729$411
33 years$3,295$2,274$1,533$1,014$660$363
34 years$3,163$2,156$1,433$933$598$322
35 years$3,039$2,045$1,340$859$541$285
36 years$2,922$1,941$1,253$791$491$252
37 years$2,812$1,843$1,173$729$445$224
38 years$2,708$1,752$1,098$672$403$198
39 years$2,609$1,666$1,029$619$365$176
40 years$2,516$1,585$965$571$332$156
41 years$2,427$1,509$904$527$301$138
42 years$2,343$1,437$848$486$273$122
43 years$2,262$1,369$796$449$248$108
44 years$2,186$1,305$747$415$225$96
45 years$2,114$1,244$702$383$204$85
46 years$2,044$1,187$659$354$185$76
47 years$1,978$1,133$619$327$168$67
48 years$1,915$1,081$582$302$153$59
49 years$1,854$1,033$547$279$139$53
50 years$1,796$986$514$258$126$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,840,000, adding $2,628 every year, while hoping to spend $47,987 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: 38/38/24 Blend
39$1,840,000$1,840,000$1,840,000$1,840,000
40$2,030,391$1,932,871$1,904,351$2,092,905
41$2,186,433$1,976,524$1,917,089$2,182,327
42$2,356,783$2,020,707$1,928,645$2,274,247
43$2,542,850$2,065,397$1,938,930$2,372,638
44$2,746,184$2,110,565$1,947,847$2,478,115
45$2,968,493$2,156,181$1,955,299$2,591,357
46$3,211,657$2,202,212$1,961,179$2,713,111
47$3,477,746$2,248,620$1,965,378$2,844,201
48$3,769,039$2,295,364$1,967,781$2,985,539
49$4,088,045$2,342,401$1,968,266$3,138,127
50$4,437,528$2,389,682$1,966,705$3,303,072
51$4,820,533$2,437,153$1,962,967$3,481,593
52$5,240,411$2,484,757$1,956,910$3,675,038
53$5,700,854$2,532,432$1,948,388$3,884,892
54$6,205,929$2,580,109$1,937,247$4,112,791
55$6,760,114$2,627,715$1,923,325$4,360,543
56$7,368,344$2,675,171$1,906,455$4,630,140
57$8,036,053$2,722,392$1,886,458$4,923,781
58$8,769,225$2,769,284$1,863,150$5,243,888
59$9,574,457$2,815,750$1,836,336$5,593,136
60$10,459,011$2,861,681$1,805,813$5,974,474
61$11,430,891$2,906,964$1,771,368$6,391,155
62$12,498,912$2,951,476$1,732,779$6,846,767
63$13,672,786$2,995,083$1,689,812$7,345,265
64$14,963,213$3,037,645$1,642,224$7,891,015
65$16,381,982$3,079,011$1,589,760$8,488,829
66$17,942,080$3,119,018$1,532,152$9,144,016
67$19,657,815$3,157,493$1,469,122$9,862,429
68$21,544,953$3,194,251$1,400,379$10,650,524
69$23,620,863$3,229,095$1,325,617$11,515,420
70$25,904,684$3,261,813$1,244,517$12,464,970
71$28,417,501$3,292,181$1,156,748$13,507,831
72$31,182,547$3,319,958$1,061,960$14,653,550
73$34,225,421$3,344,891$959,790$15,912,655
74$37,574,329$3,366,706$849,858$17,296,756
75$41,260,351$3,385,114$731,768$18,818,655
76$45,317,730$3,399,808$605,106$20,492,464
77$49,784,199$3,410,460$469,438$22,333,750
78$54,701,337$3,416,721$324,313$24,359,671
79$60,114,955$3,418,223$169,260$26,589,148
80$66,075,536$3,414,572$3,786$29,043,044
81$72,638,706$3,405,350$0$31,744,357
82$79,865,758$3,390,117$0$34,762,699
83$87,824,233$3,368,400$0$38,085,686
84$96,588,556$3,339,703$0$41,743,314
85$106,240,737$3,303,497$0$45,769,714
86$116,871,145$3,259,221$0$50,202,504
87$128,579,361$3,206,282$0$55,083,149
88$141,475,116$3,144,050$0$60,457,345
89$155,679,330$3,071,861$0$66,375,464
90$171,325,247$2,989,007$0$72,893,019
91$188,559,695$2,894,742$0$80,071,198
92$207,544,475$2,788,275$0$87,977,440
93$228,457,880$2,668,769$0$96,686,072
94$251,496,385$2,535,340$0$106,279,015
95$276,876,495$2,387,050$0$116,846,559
96$304,836,792$2,222,910$0$128,488,216
97$335,640,184$2,041,871$0$141,313,662
98$369,576,388$1,842,829$0$155,443,776
99$406,964,664$1,624,611$0$171,011,784
100$448,156,825$1,385,983$0$188,164,517