Can I retire at age 40 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$83,405$82,662$81,937$81,230$80,539$78,496
2 years$41,290$40,521$39,775$39,053$38,352$36,307
3 years$27,253$26,481$25,737$25,021$24,332$22,349
4 years$20,236$19,466$18,730$18,027$17,354$15,448
5 years$16,027$15,262$14,535$13,846$13,192$11,369
6 years$13,222$12,462$11,747$11,073$10,438$8,700
7 years$11,219$10,466$9,762$9,104$8,489$6,835
8 years$9,717$8,971$8,279$7,637$7,043$5,472
9 years$8,550$7,811$7,130$6,505$5,931$4,443
10 years$7,617$6,885$6,216$5,607$5,053$3,646
11 years$6,854$6,129$5,473$4,880$4,346$3,017
12 years$6,219$5,501$4,857$4,280$3,766$2,513
13 years$5,681$4,972$4,339$3,779$3,284$2,105
14 years$5,221$4,519$3,899$3,355$2,879$1,770
15 years$4,823$4,128$3,520$2,992$2,535$1,495
16 years$4,475$3,788$3,192$2,679$2,240$1,266
17 years$4,168$3,488$2,904$2,407$1,986$1,074
18 years$3,895$3,223$2,651$2,169$1,766$914
19 years$3,652$2,987$2,427$1,960$1,574$778
20 years$3,433$2,776$2,227$1,775$1,406$664
21 years$3,235$2,586$2,049$1,611$1,258$568
22 years$3,055$2,414$1,888$1,465$1,128$485
23 years$2,891$2,257$1,743$1,334$1,013$416
24 years$2,742$2,115$1,612$1,217$910$356
25 years$2,604$1,985$1,493$1,111$819$305
26 years$2,477$1,865$1,385$1,016$738$262
27 years$2,360$1,756$1,286$930$665$225
28 years$2,251$1,654$1,196$852$600$193
29 years$2,150$1,561$1,113$781$542$166
30 years$2,056$1,474$1,036$717$490$142
31 years$1,968$1,393$966$659$443$122
32 years$1,886$1,318$901$605$400$105
33 years$1,809$1,248$842$557$362$90
34 years$1,736$1,183$786$512$328$78
35 years$1,668$1,122$735$471$297$67
36 years$1,604$1,065$688$434$269$57
37 years$1,544$1,012$644$400$244$49
38 years$1,486$962$603$369$221$42
39 years$1,432$914$565$340$201$37
40 years$1,381$870$529$314$182$31
41 years$1,332$828$496$289$165$27
42 years$1,286$789$466$267$150$23
43 years$1,242$751$437$246$136$20
44 years$1,200$716$410$228$123$17
45 years$1,160$683$385$210$112$15
46 years$1,122$652$362$194$102$13
47 years$1,086$622$340$179$92$11
48 years$1,051$594$319$166$84$9
49 years$1,018$567$300$153$76$8
50 years$986$541$282$142$69$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,010,000, adding $4,449 every year, while hoping to spend $20,889 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: 42/44/14 Blend
39$1,010,000$1,010,000$1,010,000$1,010,000
40$1,117,609$1,064,079$1,048,424$1,159,790
41$1,209,380$1,093,993$1,061,321$1,219,791
42$1,309,810$1,124,673$1,073,949$1,282,310
43$1,419,763$1,156,134$1,086,278$1,349,556
44$1,540,186$1,188,392$1,098,276$1,421,969
45$1,672,124$1,221,462$1,109,907$1,500,034
46$1,816,726$1,255,359$1,121,135$1,584,287
47$1,975,261$1,290,101$1,131,921$1,675,316
48$2,149,123$1,325,701$1,142,226$1,773,767
49$2,339,849$1,362,176$1,152,006$1,880,353
50$2,549,132$1,399,540$1,161,216$1,995,858
51$2,778,836$1,437,810$1,169,810$2,121,146
52$3,031,015$1,477,001$1,177,736$2,257,166
53$3,307,932$1,517,127$1,184,943$2,404,966
54$3,612,078$1,558,204$1,191,376$2,565,697
55$3,946,200$1,600,245$1,196,977$2,740,629
56$4,313,321$1,643,266$1,201,685$2,931,160
57$4,716,774$1,687,280$1,205,435$3,138,829
58$5,160,228$1,732,301$1,208,161$3,365,332
59$5,647,730$1,778,342$1,209,793$3,612,535
60$6,183,733$1,825,415$1,210,255$3,882,497
61$6,773,146$1,873,533$1,209,471$4,177,484
62$7,421,377$1,922,706$1,207,359$4,499,993
63$8,134,385$1,972,947$1,203,833$4,852,773
64$8,918,735$2,024,264$1,198,804$5,238,855
65$9,781,660$2,076,666$1,192,178$5,661,578
66$10,731,129$2,130,163$1,183,856$6,124,620
67$11,775,924$2,184,761$1,173,735$6,632,034
68$12,925,720$2,240,466$1,161,707$7,188,285
69$14,191,178$2,297,283$1,147,658$7,798,293
70$15,584,044$2,355,216$1,131,471$8,467,480
71$17,117,261$2,414,267$1,113,020$9,201,819
72$18,805,092$2,474,435$1,092,176$10,007,892
73$20,663,250$2,535,721$1,068,802$10,892,954
74$22,709,051$2,598,121$1,042,757$11,864,996
75$24,961,576$2,661,631$1,013,891$12,932,826
76$27,441,849$2,726,243$982,048$14,106,149
77$30,173,036$2,791,948$947,066$15,395,660
78$33,180,667$2,858,734$908,773$16,813,145
79$36,492,870$2,926,587$866,992$18,371,590
80$40,140,642$2,995,490$821,537$20,085,308
81$44,158,141$3,065,422$772,211$21,970,071
82$48,583,004$3,136,360$718,813$24,043,258
83$53,456,706$3,208,277$661,129$26,324,022
84$58,824,951$3,281,143$598,937$28,833,472
85$64,738,099$3,354,923$532,005$31,594,866
86$71,251,648$3,429,577$460,090$34,633,839
87$78,426,752$3,505,062$382,939$37,978,637
88$86,330,802$3,581,331$300,288$41,660,393
89$95,038,056$3,658,329$211,860$45,713,411
90$104,630,349$3,735,998$117,368$50,175,499
91$115,197,855$3,814,272$16,511$55,088,319
92$126,839,945$3,893,081$0$60,497,788
93$139,666,125$3,972,347$0$66,468,117
94$153,797,062$4,051,985$0$73,044,972
95$169,365,732$4,131,902$0$80,287,388
96$186,518,670$4,211,998$0$88,263,140
97$205,417,353$4,292,165$0$97,046,917
98$226,239,726$4,372,283$0$106,721,023
99$249,181,879$4,452,226$0$117,376,158
100$274,459,902$4,531,857$0$129,112,272