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%13.4%
1 years$83,405$82,662$81,937$81,230$80,539$79,401
2 years$41,290$40,521$39,775$39,053$38,352$37,208
3 years$27,253$26,481$25,737$25,021$24,332$23,217
4 years$20,236$19,466$18,730$18,027$17,354$16,277
5 years$16,027$15,262$14,535$13,846$13,192$12,156
6 years$13,222$12,462$11,747$11,073$10,438$9,444
7 years$11,219$10,466$9,762$9,104$8,489$7,538
8 years$9,717$8,971$8,279$7,637$7,043$6,134
9 years$8,550$7,811$7,130$6,505$5,931$5,064
10 years$7,617$6,885$6,216$5,607$5,053$4,228
11 years$6,854$6,129$5,473$4,880$4,346$3,561
12 years$6,219$5,501$4,857$4,280$3,766$3,021
13 years$5,681$4,972$4,339$3,779$3,284$2,577
14 years$5,221$4,519$3,899$3,355$2,879$2,209
15 years$4,823$4,128$3,520$2,992$2,535$1,902
16 years$4,475$3,788$3,192$2,679$2,240$1,642
17 years$4,168$3,488$2,904$2,407$1,986$1,422
18 years$3,895$3,223$2,651$2,169$1,766$1,235
19 years$3,652$2,987$2,427$1,960$1,574$1,074
20 years$3,433$2,776$2,227$1,775$1,406$936
21 years$3,235$2,586$2,049$1,611$1,258$817
22 years$3,055$2,414$1,888$1,465$1,128$714
23 years$2,891$2,257$1,743$1,334$1,013$625
24 years$2,742$2,115$1,612$1,217$910$547
25 years$2,604$1,985$1,493$1,111$819$479
26 years$2,477$1,865$1,385$1,016$738$421
27 years$2,360$1,756$1,286$930$665$369
28 years$2,251$1,654$1,196$852$600$324
29 years$2,150$1,561$1,113$781$542$285
30 years$2,056$1,474$1,036$717$490$250
31 years$1,968$1,393$966$659$443$220
32 years$1,886$1,318$901$605$400$194
33 years$1,809$1,248$842$557$362$170
34 years$1,736$1,183$786$512$328$150
35 years$1,668$1,122$735$471$297$132
36 years$1,604$1,065$688$434$269$116
37 years$1,544$1,012$644$400$244$102
38 years$1,486$962$603$369$221$90
39 years$1,432$914$565$340$201$79
40 years$1,381$870$529$314$182$70
41 years$1,332$828$496$289$165$62
42 years$1,286$789$466$267$150$54
43 years$1,242$751$437$246$136$48
44 years$1,200$716$410$228$123$42
45 years$1,160$683$385$210$112$37
46 years$1,122$652$362$194$102$33
47 years$1,086$622$340$179$92$29
48 years$1,051$594$319$166$84$26
49 years$1,018$567$300$153$76$22
50 years$986$541$282$142$69$20

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 $3,567 every year, while hoping to spend $36,935 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: 46/46/8 Blend
39$1,010,000$1,010,000$1,010,000$1,010,000
40$1,116,699$1,063,169$1,047,514$1,165,442
41$1,191,304$1,075,966$1,043,308$1,212,188
42$1,272,281$1,088,152$1,037,722$1,258,745
43$1,360,240$1,099,658$1,030,672$1,308,394
44$1,455,854$1,110,411$1,022,069$1,361,435
45$1,559,862$1,120,332$1,011,819$1,418,197
46$1,673,077$1,129,338$999,825$1,479,043
47$1,796,395$1,137,339$985,983$1,544,376
48$1,930,800$1,144,242$970,186$1,614,641
49$2,077,377$1,149,944$952,322$1,690,329
50$2,237,318$1,154,340$932,274$1,771,984
51$2,411,936$1,157,314$909,917$1,860,207
52$2,602,677$1,158,747$885,123$1,955,660
53$2,811,133$1,158,508$857,757$2,059,078
54$3,039,055$1,156,461$827,678$2,171,272
55$3,288,373$1,152,462$794,739$2,293,136
56$3,561,210$1,146,355$758,786$2,425,661
57$3,859,905$1,137,979$719,657$2,569,941
58$4,187,033$1,127,158$677,184$2,727,183
59$4,545,432$1,113,710$631,191$2,898,721
60$4,938,224$1,097,440$581,494$3,086,031
61$5,368,849$1,078,140$527,900$3,290,741
62$5,841,096$1,055,594$470,209$3,514,649
63$6,359,138$1,029,568$408,211$3,759,742
64$6,927,571$999,818$341,687$4,028,213
65$7,551,458$966,084$270,409$4,322,484
66$8,236,376$928,091$194,136$4,645,231
67$8,988,467$885,548$112,621$4,999,407
68$9,814,499$838,148$25,602$5,388,272
69$10,721,926$785,566$0$5,815,426
70$11,718,961$727,457$0$6,290,585
71$12,814,651$663,458$0$6,815,097
72$14,018,962$593,184$0$7,391,644
73$15,342,875$516,229$0$8,025,594
74$16,798,487$432,163$0$8,722,873
75$18,399,128$340,534$0$9,490,018
76$20,159,480$240,861$0$10,334,242
77$22,095,722$132,639$0$11,263,502
78$24,225,681$15,333$0$12,286,576
79$26,568,996$0$0$13,413,148
80$29,147,306$0$0$14,710,400
81$31,984,454$0$0$16,146,561
82$35,106,711$0$0$17,727,185
83$38,543,024$0$0$19,466,944
84$42,325,286$0$0$21,382,003
85$46,488,641$0$0$23,490,175
86$51,071,814$0$0$25,811,087
87$56,117,472$0$0$28,366,368
88$61,672,631$0$0$31,179,847
89$67,789,099$0$0$34,277,785
90$74,523,962$0$0$37,689,117
91$81,940,122$0$0$41,445,727
92$90,106,893$0$0$45,582,749
93$99,100,656$0$0$50,138,898
94$109,005,572$0$0$55,156,836
95$119,914,384$0$0$60,683,573
96$131,929,287$0$0$66,770,910
97$145,162,895$0$0$73,475,930
98$159,739,302$0$0$80,861,535
99$175,795,249$0$0$88,997,041
100$193,481,424$0$0$97,958,828