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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$82,579$81,843$81,126$80,425$79,741$78,778
2 years$40,881$40,119$39,381$38,666$37,972$37,002
3 years$26,983$26,218$25,482$24,774$24,091$23,145
4 years$20,036$19,273$18,545$17,848$17,182$16,267
5 years$15,868$15,111$14,391$13,709$13,061$12,181
6 years$13,091$12,339$11,630$10,963$10,335$9,489
7 years$11,108$10,362$9,665$9,013$8,405$7,595
8 years$9,621$8,882$8,197$7,561$6,973$6,198
9 years$8,466$7,734$7,060$6,440$5,872$5,132
10 years$7,542$6,817$6,155$5,552$5,003$4,298
11 years$6,786$6,069$5,419$4,832$4,303$3,631
12 years$6,157$5,447$4,809$4,238$3,729$3,090
13 years$5,625$4,922$4,296$3,742$3,252$2,645
14 years$5,170$4,474$3,860$3,321$2,850$2,275
15 years$4,775$4,087$3,485$2,962$2,510$1,965
16 years$4,430$3,750$3,160$2,652$2,218$1,703
17 years$4,126$3,454$2,875$2,383$1,967$1,480
18 years$3,857$3,191$2,625$2,148$1,749$1,289
19 years$3,615$2,958$2,403$1,940$1,559$1,126
20 years$3,399$2,748$2,205$1,757$1,392$985
21 years$3,203$2,560$2,029$1,595$1,246$863
22 years$3,025$2,390$1,870$1,450$1,117$757
23 years$2,863$2,235$1,726$1,321$1,002$665
24 years$2,714$2,094$1,596$1,205$901$584
25 years$2,578$1,965$1,479$1,100$811$514
26 years$2,453$1,847$1,371$1,006$730$453
27 years$2,336$1,738$1,273$921$658$399
28 years$2,229$1,638$1,184$844$594$352
29 years$2,129$1,545$1,102$774$537$310
30 years$2,036$1,459$1,026$710$485$274
31 years$1,949$1,380$957$652$438$242
32 years$1,867$1,305$893$599$396$214
33 years$1,791$1,236$833$551$359$189
34 years$1,719$1,172$779$507$325$167
35 years$1,652$1,111$728$467$294$148
36 years$1,588$1,055$681$430$267$130
37 years$1,528$1,002$637$396$242$115
38 years$1,472$952$597$365$219$102
39 years$1,418$905$559$337$199$90
40 years$1,367$861$524$310$180$80
41 years$1,319$820$492$286$163$71
42 years$1,273$781$461$264$148$63
43 years$1,230$744$433$244$135$55
44 years$1,188$709$406$225$122$49
45 years$1,149$676$381$208$111$43
46 years$1,111$645$358$192$101$38
47 years$1,075$616$336$178$91$34
48 years$1,041$588$316$164$83$30
49 years$1,008$561$297$152$75$27
50 years$976$536$279$140$69$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,000,000, adding $4,013 every year, while hoping to spend $29,034 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: 52/29/19 Blend
39$1,000,000$1,000,000$1,000,000$1,000,000
40$1,106,139$1,053,139$1,037,639$1,157,689
41$1,188,074$1,073,851$1,041,508$1,214,280
42$1,277,392$1,094,605$1,044,534$1,272,442
43$1,374,817$1,115,372$1,046,657$1,335,079
44$1,481,145$1,136,121$1,047,816$1,402,625
45$1,597,249$1,156,819$1,047,945$1,475,558
46$1,724,095$1,177,429$1,046,978$1,554,406
47$1,862,742$1,197,913$1,044,842$1,639,753
48$2,014,360$1,218,228$1,041,462$1,732,238
49$2,180,233$1,238,330$1,036,759$1,832,571
50$2,361,779$1,258,170$1,030,652$1,941,532
51$2,560,555$1,277,696$1,023,054$2,059,982
52$2,778,280$1,296,851$1,013,875$2,188,869
53$3,016,845$1,315,576$1,003,019$2,329,241
54$3,278,330$1,333,807$990,388$2,482,253
55$3,565,031$1,351,475$975,878$2,649,177
56$3,879,474$1,368,507$959,379$2,831,417
57$4,224,440$1,384,823$940,778$3,030,521
58$4,602,994$1,400,341$919,955$3,248,197
59$5,018,512$1,414,970$896,786$3,486,328
60$5,474,713$1,428,616$871,141$3,746,990
61$5,975,691$1,441,176$842,882$4,032,471
62$6,525,960$1,452,542$811,867$4,345,298
63$7,130,490$1,462,599$777,947$4,688,254
64$7,794,757$1,471,223$740,965$5,064,409
65$8,524,794$1,478,284$700,758$5,477,148
66$9,327,245$1,483,643$657,156$5,930,204
67$10,209,434$1,487,151$609,980$6,427,692
68$11,179,426$1,488,652$559,045$6,974,152
69$12,246,110$1,487,978$504,155$7,574,586
70$13,419,276$1,484,952$445,107$8,234,513
71$14,709,713$1,479,385$381,689$8,960,014
72$16,129,308$1,471,079$313,680$9,757,799
73$17,691,156$1,459,820$240,847$10,635,261
74$19,409,687$1,445,385$162,948$11,600,553
75$21,300,800$1,427,534$79,732$12,662,665
76$23,382,014$1,406,015$0$13,831,507
77$25,672,630$1,380,561$0$15,119,843
78$28,193,918$1,350,887$0$16,555,250
79$30,969,311$1,316,694$0$18,134,883
80$34,024,631$1,277,663$0$19,873,442
81$37,388,333$1,233,458$0$21,787,130
82$41,091,768$1,183,722$0$23,893,803
83$45,169,483$1,128,079$0$26,213,143
84$49,659,544$1,066,129$0$28,766,843
85$54,603,900$997,452$0$31,578,811
86$60,048,770$921,600$0$34,675,397
87$66,045,089$838,102$0$38,085,644
88$72,648,979$746,460$0$41,841,562
89$79,922,286$646,148$0$45,978,428
90$87,933,158$536,608$0$50,535,126
91$96,756,692$417,253$0$55,554,509
92$106,475,637$287,462$0$61,083,807
93$117,181,183$146,578$0$67,175,073
94$128,973,813$0$0$73,885,680
95$141,964,256$0$0$81,280,798
96$156,274,530$0$0$89,478,940
97$172,039,095$0$0$98,510,378
98$189,406,119$0$0$108,460,018
99$208,538,879$0$0$119,421,421
100$229,617,301$0$0$131,497,689