Can I retire at age 40 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$90,011$89,209$88,427$87,664$86,918$86,370
2 years$44,560$43,730$42,926$42,146$41,390$40,837
3 years$29,412$28,578$27,776$27,003$26,259$25,719
4 years$21,839$21,008$20,214$19,454$18,728$18,205
5 years$17,296$16,470$15,687$14,943$14,237$13,731
6 years$14,269$13,449$12,677$11,950$11,265$10,778
7 years$12,108$11,295$10,535$9,825$9,162$8,694
8 years$10,487$9,682$8,934$8,242$7,600$7,151
9 years$9,228$8,430$7,695$7,020$6,401$5,970
10 years$8,220$7,430$6,709$6,051$5,454$5,042
11 years$7,397$6,615$5,906$5,267$4,690$4,297
12 years$6,711$5,937$5,242$4,619$4,065$3,689
13 years$6,131$5,365$4,683$4,078$3,544$3,187
14 years$5,635$4,877$4,208$3,620$3,107$2,766
15 years$5,205$4,455$3,799$3,229$2,736$2,412
16 years$4,829$4,088$3,444$2,891$2,418$2,110
17 years$4,498$3,765$3,134$2,597$2,144$1,852
18 years$4,204$3,479$2,861$2,341$1,906$1,630
19 years$3,941$3,224$2,619$2,115$1,699$1,437
20 years$3,705$2,996$2,404$1,916$1,518$1,270
21 years$3,491$2,790$2,211$1,739$1,358$1,124
22 years$3,297$2,605$2,038$1,581$1,217$997
23 years$3,121$2,436$1,882$1,440$1,093$885
24 years$2,959$2,283$1,740$1,313$982$786
25 years$2,810$2,142$1,612$1,199$884$699
26 years$2,673$2,013$1,495$1,096$796$623
27 years$2,547$1,895$1,388$1,004$718$555
28 years$2,429$1,785$1,290$919$648$495
29 years$2,320$1,684$1,201$843$585$442
30 years$2,219$1,591$1,119$774$528$394
31 years$2,124$1,504$1,043$711$478$352
32 years$2,035$1,423$973$653$432$315
33 years$1,952$1,347$908$601$391$281
34 years$1,874$1,277$849$553$354$252
35 years$1,800$1,211$794$509$321$225
36 years$1,731$1,150$742$469$291$201
37 years$1,666$1,092$695$432$263$180
38 years$1,604$1,038$651$398$239$161
39 years$1,546$987$610$367$217$144
40 years$1,490$939$571$338$196$129
41 years$1,438$894$536$312$178$116
42 years$1,388$851$503$288$162$104
43 years$1,340$811$472$266$147$93
44 years$1,295$773$443$246$133$83
45 years$1,252$737$416$227$121$75
46 years$1,211$703$390$210$110$67
47 years$1,172$671$367$194$100$60
48 years$1,134$641$345$179$91$54
49 years$1,098$612$324$165$82$48
50 years$1,064$584$305$153$75$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,090,000, adding $3,465 every year, while hoping to spend $45,580 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: 58/33/9 Blend
39$1,090,000$1,090,000$1,090,000$1,090,000
40$1,204,754$1,146,984$1,130,089$1,271,917
41$1,279,142$1,154,690$1,119,450$1,325,221
42$1,359,590$1,161,245$1,106,928$1,377,864
43$1,446,668$1,166,546$1,092,409$1,434,129
44$1,541,003$1,170,481$1,075,780$1,494,366
45$1,643,283$1,172,932$1,056,916$1,558,965
46$1,754,266$1,173,774$1,035,691$1,628,354
47$1,874,786$1,172,874$1,011,971$1,703,007
48$2,005,759$1,170,089$985,617$1,783,448
49$2,148,192$1,165,270$956,481$1,870,257
50$2,303,197$1,158,256$924,412$1,964,072
51$2,471,992$1,148,880$889,249$2,065,600
52$2,655,921$1,136,961$850,824$2,175,624
53$2,856,462$1,122,309$808,964$2,295,004
54$3,075,241$1,104,723$763,485$2,424,695
55$3,314,050$1,083,989$714,196$2,565,749
56$3,574,860$1,059,881$660,898$2,719,330
57$3,859,839$1,032,158$603,382$2,886,721
58$4,171,377$1,000,569$541,429$3,069,343
59$4,512,104$964,843$474,813$3,268,761
60$4,884,915$924,697$403,296$3,486,706
61$5,292,999$879,829$326,629$3,725,090
62$5,739,867$829,923$244,553$3,986,022
63$6,229,385$774,641$156,798$4,271,833
64$6,765,812$713,628$63,080$4,585,095
65$7,353,837$646,508$0$4,928,647
66$7,998,625$572,883$0$5,309,171
67$8,705,864$492,334$0$5,733,278
68$9,481,820$404,416$0$6,198,753
69$10,333,394$308,661$0$6,709,846
70$11,268,188$204,573$0$7,271,243
71$12,294,575$91,630$0$7,888,116
72$13,421,781$0$0$8,566,170
73$14,659,967$0$0$9,322,853
74$16,020,326$0$0$10,190,853
75$17,515,190$0$0$11,144,777
76$19,158,146$0$0$12,193,306
77$20,964,159$0$0$13,346,006
78$22,949,721$0$0$14,613,413
79$25,132,997$0$0$16,007,140
80$27,534,003$0$0$17,539,975
81$30,174,791$0$0$19,226,014
82$33,079,657$0$0$21,080,782
83$36,275,372$0$0$23,121,389
84$39,791,429$0$0$25,366,684
85$43,660,328$0$0$27,837,438
86$47,917,874$0$0$30,556,533
87$52,603,522$0$0$33,549,187
88$57,760,745$0$0$36,843,181
89$63,437,441$0$0$40,469,130
90$69,686,391$0$0$44,460,766
91$76,565,751$0$0$48,855,259
92$84,139,603$0$0$53,693,563
93$92,478,559$0$0$59,020,809
94$101,660,425$0$0$64,886,726
95$111,770,937$0$0$71,346,108
96$122,904,566$0$0$78,459,336
97$135,165,416$0$0$86,292,946
98$148,668,196$0$0$94,920,252
99$163,539,311$0$0$104,422,045
100$179,918,049$0$0$114,887,349