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%11.3%
1 years$90,011$89,209$88,427$87,664$86,918$86,443
2 years$44,560$43,730$42,926$42,146$41,390$40,910
3 years$29,412$28,578$27,776$27,003$26,259$25,790
4 years$21,839$21,008$20,214$19,454$18,728$18,273
5 years$17,296$16,470$15,687$14,943$14,237$13,798
6 years$14,269$13,449$12,677$11,950$11,265$10,842
7 years$12,108$11,295$10,535$9,825$9,162$8,755
8 years$10,487$9,682$8,934$8,242$7,600$7,210
9 years$9,228$8,430$7,695$7,020$6,401$6,026
10 years$8,220$7,430$6,709$6,051$5,454$5,095
11 years$7,397$6,615$5,906$5,267$4,690$4,348
12 years$6,711$5,937$5,242$4,619$4,065$3,737
13 years$6,131$5,365$4,683$4,078$3,544$3,232
14 years$5,635$4,877$4,208$3,620$3,107$2,810
15 years$5,205$4,455$3,799$3,229$2,736$2,453
16 years$4,829$4,088$3,444$2,891$2,418$2,149
17 years$4,498$3,765$3,134$2,597$2,144$1,889
18 years$4,204$3,479$2,861$2,341$1,906$1,664
19 years$3,941$3,224$2,619$2,115$1,699$1,470
20 years$3,705$2,996$2,404$1,916$1,518$1,301
21 years$3,491$2,790$2,211$1,739$1,358$1,153
22 years$3,297$2,605$2,038$1,581$1,217$1,024
23 years$3,121$2,436$1,882$1,440$1,093$910
24 years$2,959$2,283$1,740$1,313$982$810
25 years$2,810$2,142$1,612$1,199$884$722
26 years$2,673$2,013$1,495$1,096$796$644
27 years$2,547$1,895$1,388$1,004$718$574
28 years$2,429$1,785$1,290$919$648$513
29 years$2,320$1,684$1,201$843$585$459
30 years$2,219$1,591$1,119$774$528$410
31 years$2,124$1,504$1,043$711$478$367
32 years$2,035$1,423$973$653$432$328
33 years$1,952$1,347$908$601$391$294
34 years$1,874$1,277$849$553$354$263
35 years$1,800$1,211$794$509$321$236
36 years$1,731$1,150$742$469$291$211
37 years$1,666$1,092$695$432$263$190
38 years$1,604$1,038$651$398$239$170
39 years$1,546$987$610$367$217$152
40 years$1,490$939$571$338$196$137
41 years$1,438$894$536$312$178$123
42 years$1,388$851$503$288$162$110
43 years$1,340$811$472$266$147$99
44 years$1,295$773$443$246$133$89
45 years$1,252$737$416$227$121$80
46 years$1,211$703$390$210$110$71
47 years$1,172$671$367$194$100$64
48 years$1,134$641$345$179$91$58
49 years$1,098$612$324$165$82$52
50 years$1,064$584$305$153$75$46

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 $5,358 every year, while hoping to spend $34,020 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: 43/35/22 Blend
39$1,090,000$1,090,000$1,090,000$1,090,000
40$1,206,707$1,148,937$1,132,042$1,250,657
41$1,293,594$1,169,038$1,133,768$1,302,455
42$1,388,203$1,188,983$1,134,412$1,354,834
43$1,491,287$1,208,730$1,133,902$1,410,895
44$1,603,671$1,228,231$1,132,161$1,470,997
45$1,726,268$1,247,437$1,129,110$1,535,534
46$1,860,078$1,266,293$1,124,667$1,604,942
47$2,006,206$1,284,741$1,118,743$1,679,703
48$2,165,866$1,302,719$1,111,247$1,760,350
49$2,340,394$1,320,162$1,102,084$1,847,470
50$2,531,263$1,336,999$1,091,152$1,941,711
51$2,740,092$1,353,153$1,078,347$2,043,789
52$2,968,668$1,368,544$1,063,558$2,154,497
53$3,218,955$1,383,085$1,046,670$2,274,706
54$3,493,117$1,396,684$1,027,561$2,405,382
55$3,793,536$1,409,244$1,006,106$2,547,588
56$4,122,839$1,420,658$982,173$2,702,501
57$4,483,914$1,430,817$955,621$2,871,417
58$4,879,947$1,439,600$926,308$3,055,769
59$5,314,443$1,446,882$894,081$3,257,137
60$5,791,265$1,452,528$858,781$3,477,267
61$6,314,667$1,456,395$820,244$3,718,085
62$6,889,337$1,458,332$778,296$3,981,716
63$7,520,435$1,458,177$732,755$4,270,506
64$8,213,650$1,455,758$683,433$4,587,045
65$8,975,246$1,450,893$630,131$4,934,189
66$9,812,125$1,443,391$572,644$5,315,091
67$10,731,889$1,433,044$510,755$5,733,229
68$11,742,916$1,419,637$444,239$6,192,443
69$12,854,433$1,402,939$372,861$6,696,967
70$14,076,608$1,382,706$296,374$7,251,473
71$15,420,641$1,358,678$214,523$7,861,116
72$16,898,875$1,330,582$127,038$8,531,582
73$18,524,907$1,298,127$33,640$9,269,146
74$20,313,718$1,261,005$0$10,080,726
75$22,281,814$1,218,892$0$10,989,457
76$24,447,384$1,171,442$0$11,997,692
77$26,830,465$1,118,291$0$13,106,888
78$29,453,139$1,059,053$0$14,327,365
79$32,339,733$993,321$0$15,670,502
80$35,517,054$920,662$0$17,148,842
81$39,014,640$840,621$0$18,776,214
82$42,865,038$752,716$0$20,567,862
83$47,104,110$656,437$0$22,540,593
84$51,771,372$551,246$0$24,712,934
85$56,910,369$436,574$0$27,105,309
86$62,569,080$311,820$0$29,740,233
87$68,800,376$176,349$0$32,642,525
88$75,662,516$29,491$0$35,839,545
89$83,219,696$0$0$39,361,452
90$91,542,655$0$0$43,291,353
91$100,709,345$0$0$47,632,339
92$110,805,661$0$0$52,413,751
93$121,926,257$0$0$57,680,439
94$134,175,433$0$0$63,481,824
95$147,668,126$0$0$69,872,367
96$162,530,987$0$0$76,912,080
97$178,903,582$0$0$84,667,095
98$196,939,707$0$0$93,210,286
99$216,808,837$0$0$102,621,958
100$238,697,729$0$0$112,990,604