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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$83,405$82,662$81,937$81,230$80,539$78,338
2 years$41,290$40,521$39,775$39,053$38,352$36,150
3 years$27,253$26,481$25,737$25,021$24,332$22,199
4 years$20,236$19,466$18,730$18,027$17,354$15,306
5 years$16,027$15,262$14,535$13,846$13,192$11,235
6 years$13,222$12,462$11,747$11,073$10,438$8,573
7 years$11,219$10,466$9,762$9,104$8,489$6,717
8 years$9,717$8,971$8,279$7,637$7,043$5,361
9 years$8,550$7,811$7,130$6,505$5,931$4,340
10 years$7,617$6,885$6,216$5,607$5,053$3,550
11 years$6,854$6,129$5,473$4,880$4,346$2,928
12 years$6,219$5,501$4,857$4,280$3,766$2,431
13 years$5,681$4,972$4,339$3,779$3,284$2,030
14 years$5,221$4,519$3,899$3,355$2,879$1,701
15 years$4,823$4,128$3,520$2,992$2,535$1,431
16 years$4,475$3,788$3,192$2,679$2,240$1,208
17 years$4,168$3,488$2,904$2,407$1,986$1,021
18 years$3,895$3,223$2,651$2,169$1,766$865
19 years$3,652$2,987$2,427$1,960$1,574$735
20 years$3,433$2,776$2,227$1,775$1,406$624
21 years$3,235$2,586$2,049$1,611$1,258$531
22 years$3,055$2,414$1,888$1,465$1,128$453
23 years$2,891$2,257$1,743$1,334$1,013$386
24 years$2,742$2,115$1,612$1,217$910$329
25 years$2,604$1,985$1,493$1,111$819$281
26 years$2,477$1,865$1,385$1,016$738$240
27 years$2,360$1,756$1,286$930$665$205
28 years$2,251$1,654$1,196$852$600$176
29 years$2,150$1,561$1,113$781$542$150
30 years$2,056$1,474$1,036$717$490$128
31 years$1,968$1,393$966$659$443$110
32 years$1,886$1,318$901$605$400$94
33 years$1,809$1,248$842$557$362$81
34 years$1,736$1,183$786$512$328$69
35 years$1,668$1,122$735$471$297$59
36 years$1,604$1,065$688$434$269$51
37 years$1,544$1,012$644$400$244$43
38 years$1,486$962$603$369$221$37
39 years$1,432$914$565$340$201$32
40 years$1,381$870$529$314$182$27
41 years$1,332$828$496$289$165$23
42 years$1,286$789$466$267$150$20
43 years$1,242$751$437$246$136$17
44 years$1,200$716$410$228$123$15
45 years$1,160$683$385$210$112$13
46 years$1,122$652$362$194$102$11
47 years$1,086$622$340$179$92$9
48 years$1,051$594$319$166$84$8
49 years$1,018$567$300$153$76$7
50 years$986$541$282$142$69$6

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 $2,299 every year, while hoping to spend $34,161 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: 35/49/16 Blend
39$1,010,000$1,010,000$1,010,000$1,010,000
40$1,115,391$1,061,861$1,046,206$1,148,860
41$1,192,814$1,077,546$1,044,907$1,189,089
42$1,276,989$1,092,853$1,042,420$1,229,086
43$1,368,569$1,107,730$1,038,668$1,271,512
44$1,468,272$1,122,118$1,033,572$1,316,600
45$1,576,888$1,135,954$1,027,049$1,364,608
46$1,695,287$1,149,172$1,019,011$1,415,823
47$1,824,425$1,161,700$1,009,367$1,470,564
48$1,965,357$1,173,464$998,021$1,529,181
49$2,119,241$1,184,381$984,872$1,592,064
50$2,287,353$1,194,366$969,816$1,659,643
51$2,471,100$1,203,326$952,741$1,732,395
52$2,672,028$1,211,164$933,533$1,810,847
53$2,891,839$1,217,776$912,071$1,895,583
54$3,132,411$1,223,051$888,229$1,987,248
55$3,395,807$1,226,871$861,875$2,086,557
56$3,684,302$1,229,110$832,871$2,194,300
57$4,000,400$1,229,636$801,072$2,311,350
58$4,346,860$1,228,308$766,327$2,438,673
59$4,726,719$1,224,974$728,478$2,577,339
60$5,143,323$1,219,476$687,361$2,728,528
61$5,600,356$1,211,645$642,802$2,893,547
62$6,101,878$1,201,301$594,621$3,073,838
63$6,652,359$1,188,254$542,630$3,270,998
64$7,256,724$1,172,303$486,633$3,486,790
65$7,920,398$1,153,234$426,423$3,723,163
66$8,649,356$1,130,820$361,786$3,982,270
67$9,450,182$1,104,822$292,497$4,266,489
68$10,330,128$1,074,985$218,323$4,578,450
69$11,297,183$1,041,042$139,019$4,921,054
70$12,360,150$1,002,706$54,330$5,297,509
71$13,528,724$959,678$0$5,711,355
72$14,813,590$911,639$0$6,172,659
73$16,226,518$858,251$0$6,689,883
74$17,780,476$799,158$0$7,258,561
75$19,489,751$733,983$0$7,884,008
76$21,370,086$662,329$0$8,572,092
77$23,438,825$583,773$0$9,329,287
78$25,715,078$497,871$0$10,162,733
79$28,219,903$404,153$0$11,080,310
80$30,976,499$302,123$0$12,090,711
81$34,010,430$191,255$0$13,203,526
82$37,349,863$70,996$0$14,429,334
83$41,025,835$0$0$15,779,805
84$45,072,544$0$0$17,299,752
85$49,527,673$0$0$19,015,427
86$54,432,743$0$0$20,904,559
87$59,833,508$0$0$22,984,795
88$65,780,383$0$0$25,275,575
89$72,328,920$0$0$27,798,324
90$79,540,335$0$0$30,576,650
91$87,482,081$0$0$33,636,567
92$96,228,487$0$0$37,006,740
93$105,861,458$0$0$40,718,756
94$116,471,248$0$0$44,807,424
95$128,157,313$0$0$49,311,100
96$141,029,245$0$0$54,272,050
97$155,207,811$0$0$59,736,851
98$170,826,088$0$0$65,756,826
99$188,030,723$0$0$72,388,533
100$206,983,312$0$0$79,694,297