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%13.7%
1 years$85,056$84,299$83,560$82,838$82,134$80,873
2 years$42,107$41,323$40,563$39,826$39,111$37,844
3 years$27,793$27,005$26,247$25,517$24,814$23,580
4 years$20,637$19,852$19,101$18,384$17,697$16,506
5 years$16,344$15,564$14,823$14,120$13,453$12,308
6 years$13,484$12,709$11,979$11,292$10,645$9,547
7 years$11,441$10,673$9,955$9,284$8,657$7,607
8 years$9,910$9,149$8,443$7,788$7,182$6,179
9 years$8,720$7,966$7,272$6,634$6,048$5,092
10 years$7,768$7,021$6,339$5,718$5,154$4,244
11 years$6,990$6,251$5,581$4,977$4,432$3,568
12 years$6,342$5,610$4,953$4,365$3,841$3,021
13 years$5,794$5,070$4,425$3,854$3,349$2,572
14 years$5,325$4,609$3,976$3,421$2,936$2,201
15 years$4,918$4,210$3,590$3,051$2,585$1,890
16 years$4,563$3,863$3,255$2,732$2,285$1,629
17 years$4,250$3,557$2,962$2,454$2,026$1,408
18 years$3,972$3,287$2,704$2,212$1,801$1,220
19 years$3,724$3,046$2,475$1,999$1,605$1,059
20 years$3,501$2,831$2,272$1,810$1,434$920
21 years$3,299$2,637$2,089$1,643$1,283$801
22 years$3,116$2,461$1,926$1,494$1,150$699
23 years$2,949$2,302$1,778$1,360$1,033$610
24 years$2,796$2,157$1,644$1,241$928$533
25 years$2,655$2,024$1,523$1,133$835$466
26 years$2,526$1,902$1,413$1,036$752$408
27 years$2,407$1,790$1,312$948$678$357
28 years$2,296$1,687$1,219$869$612$313
29 years$2,193$1,592$1,135$797$553$274
30 years$2,097$1,503$1,057$731$499$240
31 years$2,007$1,421$985$672$451$211
32 years$1,923$1,344$919$617$408$185
33 years$1,845$1,273$858$568$370$162
34 years$1,771$1,207$802$522$335$143
35 years$1,701$1,145$750$481$303$125
36 years$1,636$1,086$701$443$275$110
37 years$1,574$1,032$657$408$249$97
38 years$1,516$981$615$376$226$85
39 years$1,461$932$576$347$205$75
40 years$1,408$887$540$320$186$66
41 years$1,359$844$506$295$168$58
42 years$1,311$804$475$272$153$51
43 years$1,266$766$446$251$139$45
44 years$1,224$730$418$232$126$39
45 years$1,183$697$393$214$114$34
46 years$1,144$664$369$198$104$30
47 years$1,107$634$347$183$94$27
48 years$1,072$605$326$169$86$23
49 years$1,038$578$306$156$78$21
50 years$1,006$552$288$144$71$18

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 $5,889 every year, while hoping to spend $38,117 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: 78/13/9 Blend
39$1,030,000$1,030,000$1,030,000$1,030,000
40$1,141,135$1,086,545$1,070,580$1,228,085
41$1,216,974$1,099,229$1,065,888$1,298,715
42$1,299,272$1,111,257$1,059,761$1,370,639
43$1,388,646$1,122,558$1,052,112$1,448,408
44$1,485,777$1,133,052$1,042,847$1,532,588
45$1,591,413$1,142,659$1,031,869$1,623,803
46$1,706,379$1,151,290$1,019,078$1,722,738
47$1,831,578$1,158,852$1,004,366$1,830,150
48$1,968,010$1,165,247$987,623$1,946,873
49$2,116,770$1,170,367$968,731$2,073,823
50$2,279,066$1,174,100$947,569$2,212,013
51$2,456,227$1,176,328$924,010$2,362,556
52$2,649,717$1,176,923$897,919$2,526,682
53$2,861,147$1,175,750$869,157$2,705,743
54$3,092,288$1,172,666$837,578$2,901,229
55$3,345,094$1,167,520$803,030$3,114,786
56$3,621,714$1,160,148$765,351$3,348,223
57$3,924,515$1,150,382$724,377$3,603,536
58$4,256,103$1,138,038$679,931$3,882,925
59$4,619,349$1,122,925$631,832$4,188,815
60$5,017,413$1,104,839$579,889$4,523,875
61$5,453,777$1,083,564$523,903$4,891,052
62$5,932,274$1,058,871$463,666$5,293,591
63$6,457,128$1,030,518$398,961$5,735,067
64$7,032,990$998,248$329,561$6,219,423
65$7,664,982$961,789$255,228$6,751,005
66$8,358,748$920,855$175,717$7,334,600
67$9,120,505$875,141$90,767$7,975,486
68$9,957,099$824,326$111$8,679,482
69$10,876,075$768,069$0$9,452,998
70$11,885,741$706,012$0$10,312,381
71$12,995,253$637,773$0$11,256,754
72$14,214,696$562,951$0$12,294,722
73$15,555,182$481,122$0$13,435,777
74$17,028,950$391,836$0$14,690,379
75$18,649,487$294,620$0$16,070,057
76$20,431,652$188,974$0$17,587,512
77$22,391,815$74,369$0$19,256,746
78$24,548,013$0$0$21,093,185
79$26,920,119$0$0$23,120,949
80$29,530,028$0$0$25,363,739
81$32,401,865$0$0$27,831,654
82$35,562,213$0$0$30,547,542
83$39,040,360$0$0$33,536,579
84$42,868,579$0$0$36,826,502
85$47,082,428$0$0$40,447,877
86$51,721,088$0$0$44,434,382
87$56,827,735$0$0$48,823,127
88$62,449,938$0$0$53,655,001
89$68,640,119$0$0$58,975,061
90$75,456,036$0$0$64,832,957
91$82,961,339$0$0$71,283,394
92$91,226,158$0$0$78,386,657
93$100,327,777$0$0$86,209,171
94$110,351,351$0$0$94,824,135
95$121,390,720$0$0$104,312,207
96$133,549,286$0$0$114,762,266
97$146,940,992$0$0$126,272,253
98$161,691,396$0$0$138,950,092
99$177,938,859$0$0$152,914,709
100$195,835,843$0$0$168,297,157