Can I retire at age 40 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$88,360$87,573$86,805$86,055$85,323$84,715
2 years$43,742$42,928$42,138$41,373$40,630$40,016
3 years$28,872$28,054$27,266$26,508$25,777$25,178
4 years$21,438$20,622$19,843$19,097$18,385$17,803
5 years$16,979$16,168$15,399$14,669$13,976$13,415
6 years$14,007$13,203$12,445$11,731$11,059$10,518
7 years$11,885$11,088$10,341$9,644$8,994$8,475
8 years$10,295$9,504$8,770$8,090$7,461$6,963
9 years$9,058$8,275$7,554$6,891$6,283$5,807
10 years$8,070$7,294$6,586$5,940$5,354$4,898
11 years$7,261$6,493$5,798$5,170$4,604$4,169
12 years$6,588$5,828$5,146$4,535$3,990$3,575
13 years$6,019$5,267$4,597$4,003$3,479$3,084
14 years$5,531$4,788$4,131$3,554$3,050$2,674
15 years$5,109$4,373$3,729$3,169$2,685$2,328
16 years$4,741$4,013$3,381$2,838$2,373$2,034
17 years$4,415$3,695$3,077$2,550$2,104$1,783
18 years$4,127$3,415$2,809$2,298$1,871$1,566
19 years$3,869$3,165$2,571$2,076$1,668$1,380
20 years$3,637$2,941$2,360$1,880$1,490$1,217
21 years$3,427$2,739$2,171$1,707$1,333$1,076
22 years$3,237$2,557$2,000$1,552$1,195$952
23 years$3,063$2,392$1,847$1,413$1,073$844
24 years$2,904$2,241$1,708$1,289$964$749
25 years$2,759$2,103$1,582$1,177$868$665
26 years$2,624$1,976$1,467$1,076$781$591
27 years$2,500$1,860$1,363$985$705$526
28 years$2,385$1,753$1,267$903$636$469
29 years$2,278$1,653$1,179$828$574$417
30 years$2,178$1,561$1,098$760$519$372
31 years$2,085$1,476$1,024$698$469$332
32 years$1,998$1,397$955$641$424$296
33 years$1,916$1,323$892$590$384$264
34 years$1,840$1,254$833$543$348$236
35 years$1,767$1,189$779$499$315$211
36 years$1,699$1,129$729$460$285$188
37 years$1,635$1,072$682$424$259$168
38 years$1,575$1,019$639$391$234$150
39 years$1,517$969$598$360$213$134
40 years$1,463$922$561$332$193$120
41 years$1,411$877$526$306$175$107
42 years$1,362$835$493$283$159$96
43 years$1,316$796$463$261$144$86
44 years$1,271$759$435$241$131$77
45 years$1,229$724$408$223$119$69
46 years$1,189$690$383$206$108$61
47 years$1,150$659$360$190$98$55
48 years$1,113$629$338$176$89$49
49 years$1,078$600$318$162$81$44
50 years$1,045$574$299$150$73$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,070,000, adding $6,146 every year, while hoping to spend $27,816 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: 67/12/21 Blend
39$1,070,000$1,070,000$1,070,000$1,070,000
40$1,185,480$1,128,770$1,112,185$1,258,244
41$1,276,803$1,154,483$1,119,847$1,333,491
42$1,376,508$1,180,525$1,126,833$1,411,978
43$1,485,422$1,206,880$1,133,092$1,497,148
44$1,604,453$1,233,536$1,138,569$1,589,658
45$1,734,602$1,260,474$1,143,206$1,690,233
46$1,876,971$1,287,677$1,146,943$1,799,671
47$2,032,773$1,315,124$1,149,717$1,918,851
48$2,203,344$1,342,793$1,151,460$2,048,743
49$2,390,155$1,370,659$1,152,104$2,190,414
50$2,594,826$1,398,696$1,151,574$2,345,042
51$2,819,140$1,426,875$1,149,794$2,513,924
52$3,065,064$1,455,163$1,146,683$2,698,488
53$3,334,760$1,483,526$1,142,157$2,900,310
54$3,630,613$1,511,926$1,136,126$3,121,126
55$3,955,247$1,540,322$1,128,499$3,362,849
56$4,311,555$1,568,671$1,119,176$3,627,587
57$4,702,722$1,596,924$1,108,057$3,917,666
58$5,132,257$1,625,030$1,095,034$4,235,644
59$5,604,024$1,652,934$1,079,995$4,584,346
60$6,122,283$1,680,576$1,062,823$4,966,882
61$6,691,724$1,707,892$1,043,395$5,386,682
62$7,317,514$1,734,813$1,021,583$5,847,523
63$8,005,346$1,761,265$997,252$6,353,572
64$8,761,493$1,787,168$970,262$6,909,418
65$9,592,864$1,812,439$940,465$7,520,121
66$10,507,073$1,836,985$907,707$8,191,258
67$11,512,507$1,860,709$871,827$8,928,973
68$12,618,406$1,883,508$832,658$9,740,042
69$13,834,954$1,905,271$790,022$10,631,929
70$15,173,368$1,925,877$743,736$11,612,862
71$16,646,009$1,945,202$693,608$12,691,911
72$18,266,495$1,963,111$639,438$13,879,070
73$20,049,832$1,979,458$581,014$15,185,355
74$22,012,555$1,994,091$518,117$16,622,908
75$24,172,881$2,006,847$450,520$18,205,108
76$26,550,884$2,017,552$377,981$19,946,705
77$29,168,683$2,026,021$300,253$21,863,951
78$32,050,650$2,032,057$217,073$23,974,761
79$35,223,641$2,035,453$128,169$26,298,878
80$38,717,248$2,035,985$33,258$28,858,061
81$42,564,077$2,033,418$0$31,676,293
82$46,800,060$2,027,502$0$34,795,246
83$51,464,788$2,017,972$0$38,237,750
84$56,601,888$2,004,545$0$42,028,521
85$62,259,435$1,986,922$0$46,203,015
86$68,490,403$1,964,786$0$50,800,306
87$75,353,165$1,937,802$0$55,863,450
88$82,912,046$1,905,613$0$61,439,896
89$91,237,929$1,867,842$0$67,581,929
90$100,408,920$1,824,088$0$74,347,170
91$110,511,091$1,773,930$0$81,799,115
92$121,639,288$1,716,918$0$90,007,734
93$133,898,028$1,652,579$0$99,050,137
94$147,402,482$1,580,411$0$109,011,296
95$162,279,566$1,499,882$0$119,984,851
96$178,669,136$1,410,431$0$132,073,991
97$196,725,311$1,311,464$0$145,392,431
98$216,617,920$1,202,354$0$160,065,487
99$238,534,115$1,082,436$0$176,231,253
100$262,680,128$951,009$0$194,041,912