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%16.5%
1 years$85,056$84,299$83,560$82,838$82,134$79,954
2 years$42,107$41,323$40,563$39,826$39,111$36,930
3 years$27,793$27,005$26,247$25,517$24,814$22,700
4 years$20,637$19,852$19,101$18,384$17,697$15,667
5 years$16,344$15,564$14,823$14,120$13,453$11,512
6 years$13,484$12,709$11,979$11,292$10,645$8,794
7 years$11,441$10,673$9,955$9,284$8,657$6,898
8 years$9,910$9,149$8,443$7,788$7,182$5,512
9 years$8,720$7,966$7,272$6,634$6,048$4,467
10 years$7,768$7,021$6,339$5,718$5,154$3,659
11 years$6,990$6,251$5,581$4,977$4,432$3,022
12 years$6,342$5,610$4,953$4,365$3,841$2,513
13 years$5,794$5,070$4,425$3,854$3,349$2,100
14 years$5,325$4,609$3,976$3,421$2,936$1,763
15 years$4,918$4,210$3,590$3,051$2,585$1,485
16 years$4,563$3,863$3,255$2,732$2,285$1,255
17 years$4,250$3,557$2,962$2,454$2,026$1,063
18 years$3,972$3,287$2,704$2,212$1,801$902
19 years$3,724$3,046$2,475$1,999$1,605$767
20 years$3,501$2,831$2,272$1,810$1,434$653
21 years$3,299$2,637$2,089$1,643$1,283$556
22 years$3,116$2,461$1,926$1,494$1,150$475
23 years$2,949$2,302$1,778$1,360$1,033$405
24 years$2,796$2,157$1,644$1,241$928$347
25 years$2,655$2,024$1,523$1,133$835$296
26 years$2,526$1,902$1,413$1,036$752$254
27 years$2,407$1,790$1,312$948$678$217
28 years$2,296$1,687$1,219$869$612$186
29 years$2,193$1,592$1,135$797$553$159
30 years$2,097$1,503$1,057$731$499$136
31 years$2,007$1,421$985$672$451$117
32 years$1,923$1,344$919$617$408$100
33 years$1,845$1,273$858$568$370$86
34 years$1,771$1,207$802$522$335$74
35 years$1,701$1,145$750$481$303$63
36 years$1,636$1,086$701$443$275$54
37 years$1,574$1,032$657$408$249$47
38 years$1,516$981$615$376$226$40
39 years$1,461$932$576$347$205$34
40 years$1,408$887$540$320$186$29
41 years$1,359$844$506$295$168$25
42 years$1,311$804$475$272$153$22
43 years$1,266$766$446$251$139$19
44 years$1,224$730$418$232$126$16
45 years$1,183$697$393$214$114$14
46 years$1,144$664$369$198$104$12
47 years$1,107$634$347$183$94$10
48 years$1,072$605$326$169$86$9
49 years$1,038$578$306$156$78$7
50 years$1,006$552$288$144$71$6

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 $3,131 every year, while hoping to spend $20,053 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: 39/48/13 Blend
39$1,030,000$1,030,000$1,030,000$1,030,000
40$1,138,290$1,083,700$1,067,735$1,178,116
41$1,233,059$1,115,465$1,082,167$1,238,441
42$1,336,823$1,148,114$1,096,412$1,301,435
43$1,450,477$1,181,670$1,110,440$1,369,110
44$1,575,009$1,216,155$1,124,223$1,441,895
45$1,711,505$1,251,593$1,137,730$1,520,267
46$1,861,164$1,288,005$1,150,929$1,604,746
47$2,025,303$1,325,418$1,163,785$1,695,908
48$2,205,374$1,363,854$1,176,262$1,794,383
49$2,402,977$1,403,338$1,188,323$1,900,867
50$2,619,875$1,443,895$1,199,925$2,016,124
51$2,858,008$1,485,552$1,211,028$2,140,996
52$3,119,514$1,528,333$1,221,587$2,276,408
53$3,406,748$1,572,265$1,231,554$2,423,379
54$3,722,305$1,617,375$1,240,879$2,583,031
55$4,069,043$1,663,689$1,249,512$2,756,600
56$4,450,110$1,711,235$1,257,396$2,945,445
57$4,868,977$1,760,040$1,264,473$3,151,064
58$5,329,463$1,810,133$1,270,684$3,375,104
59$5,835,781$1,861,542$1,275,965$3,619,381
60$6,392,569$1,914,296$1,280,247$3,885,894
61$7,004,937$1,968,423$1,283,462$4,176,846
62$7,678,517$2,023,952$1,285,535$4,494,660
63$8,419,513$2,080,913$1,286,388$4,842,008
64$9,234,762$2,139,336$1,285,939$5,221,832
65$10,131,794$2,199,249$1,284,105$5,637,373
66$11,118,908$2,260,684$1,280,794$6,092,199
67$12,205,249$2,323,670$1,275,912$6,590,244
68$13,400,891$2,388,236$1,269,362$7,135,840
69$14,716,936$2,454,414$1,261,040$7,733,758
70$16,165,616$2,522,232$1,250,837$8,389,257
71$17,760,409$2,591,722$1,238,640$9,108,130
72$19,516,167$2,662,913$1,224,331$9,896,758
73$21,449,254$2,735,834$1,207,784$10,762,174
74$23,577,703$2,810,515$1,188,870$11,712,123
75$25,921,383$2,886,985$1,167,452$12,755,143
76$28,502,190$2,965,273$1,143,388$13,900,639
77$31,344,249$3,045,407$1,116,527$15,158,974
78$34,474,146$3,127,415$1,086,713$16,541,567
79$37,921,174$3,211,324$1,053,784$18,061,000
80$41,717,615$3,297,160$1,017,567$19,731,137
81$45,899,041$3,384,950$977,885$21,567,254
82$50,504,648$3,474,717$934,549$23,586,187
83$55,577,630$3,566,486$887,364$25,806,483
84$61,165,584$3,660,280$836,126$28,248,584
85$67,320,959$3,756,118$780,621$30,935,013
86$74,101,551$3,854,022$720,627$33,890,590
87$81,571,050$3,954,010$655,908$37,142,665
88$89,799,638$4,056,099$586,223$40,721,378
89$98,864,656$4,160,302$511,316$44,659,941
90$108,851,327$4,266,633$430,921$48,994,953
91$119,853,567$4,375,102$344,761$53,766,744
92$131,974,866$4,485,718$252,547$59,019,758
93$145,329,270$4,598,485$153,974$64,802,971
94$160,042,451$4,713,406$48,727$71,170,355
95$176,252,898$4,830,481$0$78,181,384
96$194,113,224$4,949,705$0$85,910,421
97$213,791,603$5,071,070$0$94,428,658
98$235,473,360$5,194,566$0$103,808,972
99$259,362,719$5,320,176$0$114,139,125
100$285,684,731$5,447,879$0$125,515,830