Can I retire at age 40 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$158,552$157,140$155,762$154,417$153,103$148,919
2 years$78,491$77,029$75,612$74,239$72,906$68,721
3 years$51,808$50,339$48,926$47,566$46,255$42,200
4 years$38,468$37,005$35,606$34,268$32,989$29,096
5 years$30,467$29,012$27,632$26,321$25,078$21,357
6 years$25,135$23,691$22,330$21,049$19,843$16,298
7 years$21,327$19,895$18,557$17,306$16,138$12,768
8 years$18,473$17,054$15,738$14,517$13,388$10,192
9 years$16,254$14,849$13,555$12,366$11,275$8,250
10 years$14,480$13,088$11,817$10,659$9,607$6,749
11 years$13,029$11,652$10,404$9,277$8,262$5,567
12 years$11,822$10,458$9,233$8,137$7,160$4,622
13 years$10,800$9,451$8,249$7,184$6,243$3,858
14 years$9,926$8,591$7,412$6,377$5,473$3,234
15 years$9,168$7,848$6,692$5,687$4,819$2,721
16 years$8,506$7,200$6,067$5,092$4,259$2,295
17 years$7,923$6,631$5,521$4,575$3,776$1,941
18 years$7,405$6,127$5,040$4,123$3,358$1,645
19 years$6,942$5,679$4,614$3,726$2,993$1,397
20 years$6,525$5,277$4,234$3,374$2,673$1,187
21 years$6,149$4,915$3,895$3,062$2,392$1,010
22 years$5,808$4,588$3,590$2,784$2,144$861
23 years$5,497$4,291$3,314$2,536$1,925$734
24 years$5,212$4,021$3,065$2,313$1,730$626
25 years$4,950$3,773$2,839$2,112$1,557$535
26 years$4,709$3,546$2,633$1,931$1,402$457
27 years$4,486$3,337$2,445$1,768$1,264$390
28 years$4,279$3,145$2,273$1,620$1,141$334
29 years$4,087$2,967$2,115$1,485$1,030$285
30 years$3,908$2,802$1,970$1,363$931$244
31 years$3,741$2,649$1,837$1,252$841$209
32 years$3,585$2,506$1,714$1,151$761$179
33 years$3,438$2,373$1,600$1,058$689$153
34 years$3,301$2,249$1,495$973$624$131
35 years$3,171$2,134$1,398$896$565$112
36 years$3,049$2,025$1,308$825$512$96
37 years$2,934$1,923$1,224$760$464$82
38 years$2,825$1,828$1,146$701$421$71
39 years$2,723$1,738$1,074$646$381$60
40 years$2,625$1,654$1,006$596$346$52
41 years$2,532$1,574$944$550$314$44
42 years$2,444$1,499$885$508$285$38
43 years$2,361$1,428$831$469$258$33
44 years$2,281$1,362$780$433$235$28
45 years$2,205$1,298$732$400$213$24
46 years$2,133$1,239$688$369$193$20
47 years$2,064$1,182$646$341$176$18
48 years$1,998$1,128$607$315$159$15
49 years$1,935$1,078$571$291$145$13
50 years$1,875$1,029$536$269$132$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,920,000, adding $2,892 every year, while hoping to spend $28,767 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: 42/46/12 Blend
39$1,920,000$1,920,000$1,920,000$1,920,000
40$2,118,823$2,017,063$1,987,303$2,200,248
41$2,304,335$2,085,291$2,023,270$2,325,825
42$2,507,805$2,155,899$2,059,477$2,458,627
43$2,731,035$2,228,971$2,095,903$2,601,794
44$2,976,008$2,304,598$2,132,524$2,756,283
45$3,244,910$2,382,873$2,169,313$2,923,149
46$3,540,149$2,463,892$2,206,243$3,103,548
47$3,864,377$2,547,755$2,243,284$3,298,752
48$4,220,514$2,634,565$2,280,405$3,510,161
49$4,611,779$2,724,432$2,317,571$3,739,311
50$5,041,718$2,817,466$2,354,747$3,987,893
51$5,514,236$2,913,785$2,391,894$4,257,766
52$6,033,635$3,013,508$2,428,970$4,550,975
53$6,604,658$3,116,762$2,465,932$4,869,769
54$7,232,526$3,223,676$2,502,734$5,216,623
55$7,922,994$3,334,386$2,539,325$5,594,259
56$8,682,400$3,449,032$2,575,654$6,005,673
57$9,517,732$3,567,761$2,611,665$6,454,162
58$10,436,683$3,690,724$2,647,298$6,943,353
59$11,447,734$3,818,079$2,682,492$7,477,240
60$12,560,227$3,949,989$2,717,180$8,060,217
61$13,784,456$4,086,625$2,751,291$8,697,123
62$15,131,764$4,228,163$2,784,753$9,393,283
63$16,614,648$4,374,787$2,817,487$10,154,561
64$18,246,879$4,526,688$2,849,409$10,987,412
65$20,043,630$4,684,065$2,880,433$11,898,945
66$22,021,619$4,847,123$2,910,467$12,896,986
67$24,199,270$5,016,078$2,939,414$13,990,153
68$26,596,882$5,191,153$2,967,171$15,187,936
69$29,236,823$5,372,578$2,993,630$16,500,787
70$32,143,741$5,560,596$3,018,678$17,940,217
71$35,344,794$5,755,457$3,042,195$19,518,901
72$38,869,909$5,957,421$3,064,055$21,250,802
73$42,752,065$6,166,759$3,084,126$23,151,298
74$47,027,600$6,383,754$3,102,268$25,237,326
75$51,736,556$6,608,699$3,118,335$27,527,543
76$56,923,058$6,841,899$3,132,173$30,042,499
77$62,635,728$7,083,670$3,143,619$32,804,834
78$68,928,147$7,334,344$3,152,504$35,839,483
79$75,859,354$7,594,263$3,158,649$39,173,918
80$83,494,411$7,863,786$3,161,867$42,838,400
81$91,905,013$8,143,283$3,161,962$46,866,267
82$101,170,162$8,433,142$3,158,725$51,294,247
83$111,376,918$8,733,765$3,151,942$56,162,802
84$122,621,216$9,045,572$3,141,384$61,516,509
85$135,008,774$9,368,999$3,126,815$67,404,480
86$148,656,089$9,704,500$3,107,983$73,880,822
87$163,691,537$10,052,547$3,084,627$81,005,149
88$180,256,586$10,413,634$3,056,474$88,843,142
89$198,507,128$10,788,272$3,023,236$97,467,166
90$218,614,952$11,176,994$2,984,612$106,956,952
91$240,769,368$11,580,358$2,940,287$117,400,349
92$265,178,988$11,998,940$2,889,931$128,894,151
93$292,073,701$12,433,344$2,833,200$141,545,007
94$321,706,838$12,884,197$2,769,732$155,470,427
95$354,357,565$13,352,153$2,699,148$170,799,890
96$390,333,521$13,837,893$2,621,053$187,676,062
97$429,973,716$14,342,125$2,535,035$206,256,142
98$473,651,735$14,865,590$2,440,659$226,713,345
99$521,779,265$15,409,056$2,337,473$249,238,530
100$574,809,977$15,973,327$2,225,005$274,042,003