Can I retire at age 40 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$85,056$84,299$83,560$82,838$82,134$80,673
2 years$42,107$41,323$40,563$39,826$39,111$37,645
3 years$27,793$27,005$26,247$25,517$24,814$23,387
4 years$20,637$19,852$19,101$18,384$17,697$16,322
5 years$16,344$15,564$14,823$14,120$13,453$12,132
6 years$13,484$12,709$11,979$11,292$10,645$9,380
7 years$11,441$10,673$9,955$9,284$8,657$7,449
8 years$9,910$9,149$8,443$7,788$7,182$6,030
9 years$8,720$7,966$7,272$6,634$6,048$4,952
10 years$7,768$7,021$6,339$5,718$5,154$4,111
11 years$6,990$6,251$5,581$4,977$4,432$3,443
12 years$6,342$5,610$4,953$4,365$3,841$2,904
13 years$5,794$5,070$4,425$3,854$3,349$2,463
14 years$5,325$4,609$3,976$3,421$2,936$2,099
15 years$4,918$4,210$3,590$3,051$2,585$1,796
16 years$4,563$3,863$3,255$2,732$2,285$1,541
17 years$4,250$3,557$2,962$2,454$2,026$1,326
18 years$3,972$3,287$2,704$2,212$1,801$1,144
19 years$3,724$3,046$2,475$1,999$1,605$988
20 years$3,501$2,831$2,272$1,810$1,434$855
21 years$3,299$2,637$2,089$1,643$1,283$742
22 years$3,116$2,461$1,926$1,494$1,150$644
23 years$2,949$2,302$1,778$1,360$1,033$559
24 years$2,796$2,157$1,644$1,241$928$486
25 years$2,655$2,024$1,523$1,133$835$423
26 years$2,526$1,902$1,413$1,036$752$369
27 years$2,407$1,790$1,312$948$678$321
28 years$2,296$1,687$1,219$869$612$280
29 years$2,193$1,592$1,135$797$553$244
30 years$2,097$1,503$1,057$731$499$213
31 years$2,007$1,421$985$672$451$186
32 years$1,923$1,344$919$617$408$162
33 years$1,845$1,273$858$568$370$142
34 years$1,771$1,207$802$522$335$124
35 years$1,701$1,145$750$481$303$108
36 years$1,636$1,086$701$443$275$95
37 years$1,574$1,032$657$408$249$83
38 years$1,516$981$615$376$226$72
39 years$1,461$932$576$347$205$63
40 years$1,408$887$540$320$186$55
41 years$1,359$844$506$295$168$48
42 years$1,311$804$475$272$153$42
43 years$1,266$766$446$251$139$37
44 years$1,224$730$418$232$126$32
45 years$1,183$697$393$214$114$28
46 years$1,144$664$369$198$104$25
47 years$1,107$634$347$183$94$22
48 years$1,072$605$326$169$86$19
49 years$1,038$578$306$156$78$17
50 years$1,006$552$288$144$71$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,030,000, adding $4,611 every year, while hoping to spend $41,425 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: 45/42/13 Blend
39$1,030,000$1,030,000$1,030,000$1,030,000
40$1,139,816$1,085,226$1,069,261$1,186,688
41$1,212,002$1,094,326$1,061,006$1,228,843
42$1,290,162$1,102,484$1,051,085$1,269,963
43$1,374,862$1,109,610$1,039,400$1,313,636
44$1,466,724$1,115,607$1,025,846$1,360,117
45$1,566,432$1,120,374$1,010,315$1,409,684
46$1,674,739$1,123,803$992,691$1,462,647
47$1,792,472$1,125,779$972,856$1,519,351
48$1,920,542$1,126,180$950,684$1,580,177
49$2,059,949$1,124,875$926,044$1,645,546
50$2,211,797$1,121,726$898,799$1,715,926
51$2,377,297$1,116,588$868,806$1,791,834
52$2,557,786$1,109,305$835,915$1,873,844
53$2,754,731$1,099,712$799,970$1,962,592
54$2,969,751$1,087,635$760,806$2,058,780
55$3,204,624$1,072,888$718,252$2,163,187
56$3,461,312$1,055,276$672,129$2,276,673
57$3,741,970$1,034,589$622,250$2,400,193
58$4,048,976$1,010,609$568,420$2,534,801
59$4,384,944$983,101$510,435$2,681,664
60$4,752,754$951,818$448,080$2,842,073
61$5,155,578$916,501$381,134$3,017,456
62$5,596,908$876,871$309,363$3,209,391
63$6,080,591$832,636$232,525$3,419,626
64$6,610,863$783,487$150,367$3,650,090
65$7,192,390$729,096$62,622$3,902,917
66$7,830,309$669,117$0$4,180,466
67$8,530,281$603,185$0$4,489,647
68$9,298,541$530,912$0$4,838,588
69$10,141,956$451,890$0$5,221,818
70$11,068,091$365,688$0$5,642,899
71$12,085,278$271,849$0$6,105,762
72$13,202,699$169,891$0$6,614,746
73$14,430,464$59,306$0$7,174,643
74$15,779,717$0$0$7,790,741
75$17,262,729$0$0$8,496,809
76$18,893,023$0$0$9,303,263
77$20,685,497$0$0$10,190,078
78$22,656,562$0$0$11,165,392
79$24,824,302$0$0$12,238,170
80$27,208,640$0$0$13,418,288
81$29,831,526$0$0$14,716,632
82$32,717,147$0$0$16,145,191
83$35,892,149$0$0$17,717,178
84$39,385,893$0$0$19,447,151
85$43,230,731$0$0$21,351,151
86$47,462,308$0$0$23,446,850
87$52,119,901$0$0$25,753,725
88$57,246,785$0$0$28,293,232
89$62,890,647$0$0$31,089,016
90$69,104,031$0$0$34,167,132
91$75,944,834$0$0$37,556,287
92$83,476,853$0$0$41,288,116
93$91,770,386$0$0$45,397,475
94$100,902,894$0$0$49,922,775
95$110,959,734$0$0$54,906,340
96$122,034,961$0$0$60,394,809
97$134,232,217$0$0$66,439,575
98$147,665,709$0$0$73,097,269
99$162,461,283$0$0$80,430,295
100$178,757,617$0$0$88,507,417