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

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$88,360$87,573$86,805$86,055$85,323$84,118
2 years$43,742$42,928$42,138$41,373$40,630$39,418
3 years$28,872$28,054$27,266$26,508$25,777$24,596
4 years$21,438$20,622$19,843$19,097$18,385$17,243
5 years$16,979$16,168$15,399$14,669$13,976$12,878
6 years$14,007$13,203$12,445$11,731$11,059$10,005
7 years$11,885$11,088$10,341$9,644$8,994$7,986
8 years$10,295$9,504$8,770$8,090$7,461$6,498
9 years$9,058$8,275$7,554$6,891$6,283$5,365
10 years$8,070$7,294$6,586$5,940$5,354$4,479
11 years$7,261$6,493$5,798$5,170$4,604$3,772
12 years$6,588$5,828$5,146$4,535$3,990$3,200
13 years$6,019$5,267$4,597$4,003$3,479$2,730
14 years$5,531$4,788$4,131$3,554$3,050$2,341
15 years$5,109$4,373$3,729$3,169$2,685$2,015
16 years$4,741$4,013$3,381$2,838$2,373$1,740
17 years$4,415$3,695$3,077$2,550$2,104$1,507
18 years$4,127$3,415$2,809$2,298$1,871$1,308
19 years$3,869$3,165$2,571$2,076$1,668$1,138
20 years$3,637$2,941$2,360$1,880$1,490$992
21 years$3,427$2,739$2,171$1,707$1,333$865
22 years$3,237$2,557$2,000$1,552$1,195$756
23 years$3,063$2,392$1,847$1,413$1,073$662
24 years$2,904$2,241$1,708$1,289$964$579
25 years$2,759$2,103$1,582$1,177$868$508
26 years$2,624$1,976$1,467$1,076$781$446
27 years$2,500$1,860$1,363$985$705$391
28 years$2,385$1,753$1,267$903$636$343
29 years$2,278$1,653$1,179$828$574$302
30 years$2,178$1,561$1,098$760$519$265
31 years$2,085$1,476$1,024$698$469$233
32 years$1,998$1,397$955$641$424$205
33 years$1,916$1,323$892$590$384$181
34 years$1,840$1,254$833$543$348$159
35 years$1,767$1,189$779$499$315$140
36 years$1,699$1,129$729$460$285$123
37 years$1,635$1,072$682$424$259$109
38 years$1,575$1,019$639$391$234$96
39 years$1,517$969$598$360$213$84
40 years$1,463$922$561$332$193$74
41 years$1,411$877$526$306$175$65
42 years$1,362$835$493$283$159$58
43 years$1,316$796$463$261$144$51
44 years$1,271$759$435$241$131$45
45 years$1,229$724$408$223$119$39
46 years$1,189$690$383$206$108$35
47 years$1,150$659$360$190$98$31
48 years$1,113$629$338$176$89$27
49 years$1,078$600$318$162$81$24
50 years$1,045$574$299$150$73$21

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 $2,795 every year, while hoping to spend $21,554 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: 78/11/11 Blend
39$1,070,000$1,070,000$1,070,000$1,070,000
40$1,182,023$1,125,313$1,108,728$1,271,660
41$1,279,656$1,157,520$1,122,937$1,363,201
42$1,386,525$1,190,583$1,136,900$1,460,528
43$1,503,550$1,224,521$1,150,585$1,566,656
44$1,631,743$1,259,353$1,163,960$1,682,453
45$1,772,218$1,295,099$1,176,991$1,808,877
46$1,926,204$1,331,778$1,189,640$1,946,980
47$2,095,053$1,369,412$1,201,869$2,097,923
48$2,280,255$1,408,019$1,213,638$2,262,985
49$2,483,450$1,447,621$1,224,903$2,443,573
50$2,706,444$1,488,237$1,235,620$2,641,238
51$2,951,229$1,529,888$1,245,741$2,857,686
52$3,219,998$1,572,595$1,255,216$3,094,801
53$3,515,164$1,616,379$1,263,993$3,354,654
54$3,839,389$1,661,260$1,272,015$3,639,529
55$4,195,604$1,707,259$1,279,225$3,951,941
56$4,587,038$1,754,397$1,285,561$4,294,660
57$5,017,248$1,802,695$1,290,959$4,670,740
58$5,490,152$1,852,172$1,295,352$5,083,543
59$6,010,069$1,902,850$1,298,667$5,536,776
60$6,581,755$1,954,748$1,300,832$6,034,521
61$7,210,451$2,007,888$1,301,766$6,581,276
62$7,901,930$2,062,288$1,301,389$7,181,998
63$8,662,555$2,117,968$1,299,613$7,842,146
64$9,499,334$2,174,947$1,296,349$8,567,739
65$10,419,991$2,233,243$1,291,501$9,365,404
66$11,433,034$2,292,876$1,284,970$10,242,449
67$12,547,838$2,353,862$1,276,651$11,206,921
68$13,774,735$2,416,218$1,266,436$12,267,689
69$15,125,106$2,479,961$1,254,210$13,434,528
70$16,611,493$2,545,106$1,239,853$14,718,204
71$18,247,716$2,611,667$1,223,239$16,130,585
72$20,049,003$2,679,658$1,204,236$17,684,746
73$22,032,131$2,749,091$1,182,708$19,395,096
74$24,215,589$2,819,977$1,158,510$21,277,510
75$26,619,749$2,892,327$1,131,490$23,349,486
76$29,267,061$2,966,148$1,101,492$25,630,300
77$32,182,259$3,041,447$1,068,350$28,141,199
78$35,392,601$3,118,229$1,031,891$30,905,591
79$38,928,122$3,196,498$991,935$33,949,274
80$42,821,919$3,276,255$948,294$37,300,676
81$47,110,461$3,357,499$900,768$40,991,122
82$51,833,938$3,440,225$849,153$45,055,133
83$57,036,632$3,524,429$793,233$49,530,748
84$62,767,344$3,610,101$732,781$54,459,887
85$69,079,847$3,697,230$667,563$59,888,745
86$76,033,397$3,785,800$597,333$65,868,225
87$83,693,293$3,875,794$521,833$72,454,425
88$92,131,490$3,967,189$440,795$79,709,161
89$101,427,280$4,059,959$353,939$87,700,556
90$111,668,039$4,154,073$260,973$96,503,677
91$122,950,053$4,249,497$161,590$106,201,251
92$135,379,427$4,346,191$55,472$116,884,439
93$149,073,084$4,444,110$0$128,653,702
94$164,159,870$4,543,203$0$141,626,525
95$180,781,770$4,643,413$0$155,925,515
96$199,095,248$4,744,678$0$171,678,637
97$219,272,724$4,846,927$0$189,034,087
98$241,504,199$4,950,085$0$208,155,175
99$265,999,054$5,054,065$0$229,221,864
100$292,988,018$5,158,775$0$252,432,471