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%12.3%
1 years$82,579$81,843$81,126$80,425$79,741$78,974
2 years$40,881$40,119$39,381$38,666$37,972$37,199
3 years$26,983$26,218$25,482$24,774$24,091$23,337
4 years$20,036$19,273$18,545$17,848$17,182$16,452
5 years$15,868$15,111$14,391$13,709$13,061$12,357
6 years$13,091$12,339$11,630$10,963$10,335$9,658
7 years$11,108$10,362$9,665$9,013$8,405$7,756
8 years$9,621$8,882$8,197$7,561$6,973$6,351
9 years$8,466$7,734$7,060$6,440$5,872$5,277
10 years$7,542$6,817$6,155$5,552$5,003$4,435
11 years$6,786$6,069$5,419$4,832$4,303$3,762
12 years$6,157$5,447$4,809$4,238$3,729$3,213
13 years$5,625$4,922$4,296$3,742$3,252$2,761
14 years$5,170$4,474$3,860$3,321$2,850$2,385
15 years$4,775$4,087$3,485$2,962$2,510$2,068
16 years$4,430$3,750$3,160$2,652$2,218$1,799
17 years$4,126$3,454$2,875$2,383$1,967$1,570
18 years$3,857$3,191$2,625$2,148$1,749$1,374
19 years$3,615$2,958$2,403$1,940$1,559$1,205
20 years$3,399$2,748$2,205$1,757$1,392$1,059
21 years$3,203$2,560$2,029$1,595$1,246$932
22 years$3,025$2,390$1,870$1,450$1,117$821
23 years$2,863$2,235$1,726$1,321$1,002$724
24 years$2,714$2,094$1,596$1,205$901$640
25 years$2,578$1,965$1,479$1,100$811$566
26 years$2,453$1,847$1,371$1,006$730$500
27 years$2,336$1,738$1,273$921$658$443
28 years$2,229$1,638$1,184$844$594$393
29 years$2,129$1,545$1,102$774$537$348
30 years$2,036$1,459$1,026$710$485$309
31 years$1,949$1,380$957$652$438$274
32 years$1,867$1,305$893$599$396$243
33 years$1,791$1,236$833$551$359$216
34 years$1,719$1,172$779$507$325$192
35 years$1,652$1,111$728$467$294$170
36 years$1,588$1,055$681$430$267$152
37 years$1,528$1,002$637$396$242$135
38 years$1,472$952$597$365$219$120
39 years$1,418$905$559$337$199$106
40 years$1,367$861$524$310$180$95
41 years$1,319$820$492$286$163$84
42 years$1,273$781$461$264$148$75
43 years$1,230$744$433$244$135$67
44 years$1,188$709$406$225$122$59
45 years$1,149$676$381$208$111$53
46 years$1,111$645$358$192$101$47
47 years$1,075$616$336$178$91$42
48 years$1,041$588$316$164$83$37
49 years$1,008$561$297$152$75$33
50 years$976$536$279$140$69$29

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 $4,600 every year, while hoping to spend $28,900 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: 45/45/10 Blend
39$1,000,000$1,000,000$1,000,000$1,000,000
40$1,106,745$1,053,745$1,038,245$1,153,219
41$1,188,884$1,074,629$1,042,277$1,206,758
42$1,278,432$1,095,568$1,045,475$1,261,448
43$1,376,115$1,116,534$1,047,781$1,320,096
44$1,482,731$1,137,496$1,049,134$1,383,075
45$1,599,158$1,158,423$1,049,470$1,450,801
46$1,726,365$1,179,278$1,048,720$1,523,728
47$1,865,416$1,200,024$1,046,813$1,602,360
48$2,017,484$1,220,620$1,043,676$1,687,252
49$2,183,858$1,241,022$1,039,231$1,779,014
50$2,365,962$1,261,183$1,033,395$1,878,321
51$2,565,360$1,281,050$1,026,084$1,985,917
52$2,783,775$1,300,570$1,017,206$2,102,620
53$3,023,107$1,319,685$1,006,669$2,229,336
54$3,285,445$1,338,330$994,374$2,367,061
55$3,573,092$1,356,440$980,217$2,516,894
56$3,888,583$1,373,942$964,090$2,680,047
57$4,234,712$1,390,759$945,881$2,857,860
58$4,614,556$1,406,809$925,471$3,051,805
59$5,031,503$1,422,005$902,736$3,263,509
60$5,489,285$1,436,252$877,547$3,494,766
61$5,992,015$1,449,451$849,768$3,747,554
62$6,544,223$1,461,496$819,257$4,024,055
63$7,150,898$1,472,274$785,867$4,326,674
64$7,817,537$1,481,663$749,441$4,658,065
65$8,550,197$1,489,536$709,818$5,021,153
66$9,355,549$1,495,755$666,829$5,419,166
67$10,240,944$1,500,176$620,297$5,855,661
68$11,214,480$1,502,644$570,037$6,334,563
69$12,285,079$1,502,996$515,855$6,860,198
70$13,462,571$1,501,056$457,549$7,437,339
71$14,757,785$1,496,641$394,910$8,071,248
72$16,182,656$1,489,552$327,716$8,767,726
73$17,750,330$1,479,584$255,738$9,533,172
74$19,475,294$1,466,514$178,735$10,374,639
75$21,373,509$1,450,107$96,457$11,299,908
76$23,462,561$1,430,117$8,643$12,317,555
77$25,761,828$1,406,279$0$13,437,038
78$28,292,663$1,378,315$0$14,677,860
79$31,078,591$1,345,929$0$16,044,016
80$34,145,536$1,308,808$0$17,547,291
81$37,522,063$1,266,622$0$19,201,693
82$41,239,647$1,219,020$0$21,022,665
83$45,332,970$1,165,631$0$23,027,230
84$49,840,248$1,106,062$0$25,234,156
85$54,803,593$1,039,899$0$27,664,129
86$60,269,409$966,703$0$30,339,953
87$66,288,826$886,009$0$33,286,765
88$72,918,190$797,327$0$36,532,275
89$80,219,588$700,139$0$40,107,027
90$88,261,437$593,896$0$44,044,691
91$97,119,127$478,021$0$48,382,378
92$106,875,735$351,900$0$53,160,999
93$117,622,805$214,890$0$58,425,644
94$129,461,219$66,306$0$64,226,019
95$142,502,138$0$0$70,616,908
96$156,868,061$0$0$77,705,530
97$172,693,975$0$0$85,550,913
98$190,128,632$0$0$94,193,986
99$209,335,950$0$0$103,716,035
100$230,496,562$0$0$114,206,632