Can I retire at age 40 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$159,378$157,958$156,573$155,221$153,901$151,978
2 years$78,900$77,430$76,006$74,625$73,286$71,351
3 years$52,077$50,602$49,181$47,813$46,496$44,609
4 years$38,669$37,198$35,791$34,447$33,161$31,337
5 years$30,626$29,163$27,775$26,458$25,209$23,452
6 years$25,265$23,814$22,447$21,159$19,947$18,261
7 years$21,438$19,999$18,653$17,396$16,222$14,607
8 years$18,569$17,143$15,819$14,593$13,458$11,913
9 years$16,339$14,926$13,625$12,430$11,333$9,859
10 years$14,555$13,156$11,879$10,715$9,657$8,251
11 years$13,097$11,712$10,458$9,325$8,305$6,967
12 years$11,883$10,512$9,281$8,179$7,197$5,925
13 years$10,857$9,500$8,292$7,221$6,276$5,069
14 years$9,977$8,635$7,451$6,410$5,501$4,357
15 years$9,216$7,889$6,727$5,717$4,844$3,760
16 years$8,551$7,238$6,099$5,119$4,281$3,256
17 years$7,964$6,666$5,550$4,599$3,796$2,828
18 years$7,443$6,159$5,066$4,145$3,375$2,462
19 years$6,978$5,708$4,638$3,745$3,008$2,148
20 years$6,559$5,305$4,256$3,392$2,687$1,878
21 years$6,181$4,941$3,915$3,078$2,405$1,644
22 years$5,838$4,612$3,608$2,799$2,155$1,441
23 years$5,525$4,314$3,332$2,549$1,935$1,264
24 years$5,239$4,042$3,081$2,325$1,739$1,111
25 years$4,976$3,793$2,854$2,123$1,565$977
26 years$4,733$3,565$2,647$1,941$1,410$859
27 years$4,509$3,355$2,458$1,777$1,271$757
28 years$4,302$3,161$2,285$1,628$1,147$667
29 years$4,108$2,982$2,126$1,493$1,035$588
30 years$3,929$2,816$1,980$1,370$936$518
31 years$3,761$2,662$1,846$1,258$846$457
32 years$3,604$2,519$1,723$1,157$765$404
33 years$3,456$2,386$1,608$1,064$692$356
34 years$3,318$2,261$1,503$979$627$315
35 years$3,188$2,145$1,405$901$568$278
36 years$3,065$2,036$1,314$830$515$246
37 years$2,950$1,933$1,230$764$466$217
38 years$2,840$1,837$1,152$705$423$192
39 years$2,737$1,747$1,079$650$383$170
40 years$2,639$1,662$1,012$599$348$150
41 years$2,546$1,582$949$553$315$133
42 years$2,457$1,507$890$510$286$117
43 years$2,373$1,436$835$471$260$104
44 years$2,293$1,369$784$435$236$92
45 years$2,217$1,305$736$402$214$81
46 years$2,144$1,245$691$371$194$72
47 years$2,075$1,188$649$343$176$63
48 years$2,008$1,134$610$317$160$56
49 years$1,945$1,083$574$293$146$50
50 years$1,884$1,035$539$271$132$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,930,000, adding $4,921 every year, while hoping to spend $27,658 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: 34/49/17 Blend
39$1,930,000$1,930,000$1,930,000$1,930,000
40$2,131,936$2,029,646$1,999,731$2,193,068
41$2,319,966$2,099,671$2,037,294$2,308,334
42$2,526,247$2,172,200$2,075,189$2,429,621
43$2,752,613$2,247,326$2,113,396$2,559,827
44$3,001,083$2,325,148$2,151,898$2,699,752
45$3,273,878$2,405,766$2,190,672$2,850,279
46$3,573,450$2,489,284$2,229,695$3,012,376
47$3,902,495$2,575,812$2,268,943$3,187,104
48$4,263,986$2,665,464$2,308,390$3,375,632
49$4,661,198$2,758,357$2,348,006$3,579,242
50$5,097,737$2,854,613$2,387,761$3,799,342
51$5,577,578$2,954,361$2,427,623$4,037,483
52$6,105,099$3,057,732$2,467,556$4,295,366
53$6,685,122$3,164,865$2,507,522$4,574,862
54$7,322,964$3,275,902$2,547,483$4,878,030
55$8,024,477$3,390,993$2,587,395$5,207,133
56$8,796,115$3,510,292$2,627,214$5,564,659
57$9,644,983$3,633,961$2,666,890$5,953,346
58$10,578,913$3,762,167$2,706,372$6,376,205
59$11,606,533$3,895,084$2,745,607$6,836,549
60$12,737,351$4,032,895$2,784,536$7,338,023
61$13,981,841$4,175,787$2,823,098$7,884,640
62$15,351,546$4,323,957$2,861,229$8,480,812
63$16,859,182$4,477,609$2,898,859$9,131,398
64$18,518,763$4,636,957$2,935,915$9,841,745
65$20,345,730$4,802,221$2,972,321$10,617,738
66$22,357,096$4,973,631$3,007,996$11,465,857
67$24,571,608$5,151,428$3,042,852$12,393,233
68$27,009,925$5,335,860$3,076,800$13,407,720
69$29,694,808$5,527,188$3,109,744$14,517,963
70$32,651,341$5,725,683$3,141,582$15,733,480
71$35,907,161$5,931,624$3,172,209$17,064,755
72$39,492,724$6,145,307$3,201,511$18,523,328
73$43,441,590$6,367,035$3,229,370$20,121,910
74$47,790,740$6,597,127$3,255,661$21,874,500
75$52,580,923$6,835,915$3,280,254$23,796,512
76$57,857,045$7,083,741$3,303,009$25,904,924
77$63,668,585$7,340,967$3,323,782$28,218,435
78$70,070,072$7,607,966$3,342,420$30,757,641
79$77,121,591$7,885,127$3,358,762$33,545,227
80$84,889,351$8,172,857$3,372,639$36,606,179
81$93,446,317$8,471,578$3,383,874$39,968,023
82$102,872,887$8,781,732$3,392,280$43,661,075
83$113,257,662$9,103,777$3,397,662$47,718,736
84$124,698,274$9,438,192$3,399,814$52,177,794
85$137,302,310$9,785,476$3,398,520$57,078,781
86$151,188,330$10,146,148$3,393,554$62,466,346
87$166,486,981$10,520,751$3,384,680$68,389,675
88$183,342,234$10,909,849$3,371,647$74,902,960
89$201,912,740$11,314,030$3,354,196$82,065,901
90$222,373,330$11,733,908$3,332,053$89,944,271
91$244,916,664$12,170,123$3,304,930$98,610,534
92$269,755,047$12,623,343$3,272,529$108,144,527
93$297,122,437$13,094,262$3,234,534$118,634,212
94$327,276,651$13,583,606$3,190,616$130,176,504
95$360,501,797$14,092,131$3,140,430$142,878,180
96$397,110,961$14,620,626$3,083,614$156,856,890
97$437,449,156$15,169,913$3,019,793$172,242,260
98$481,896,583$15,740,852$2,948,568$189,177,115
99$530,872,217$16,334,336$2,869,528$207,818,825
100$584,837,764$16,951,299$2,782,238$228,340,786