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%14.7%
1 years$90,011$89,209$88,427$87,664$86,918$85,233
2 years$44,560$43,730$42,926$42,146$41,390$39,699
3 years$29,412$28,578$27,776$27,003$26,259$24,615
4 years$21,839$21,008$20,214$19,454$18,728$17,144
5 years$17,296$16,470$15,687$14,943$14,237$12,717
6 years$14,269$13,449$12,677$11,950$11,265$9,811
7 years$12,108$11,295$10,535$9,825$9,162$7,773
8 years$10,487$9,682$8,934$8,242$7,600$6,278
9 years$9,228$8,430$7,695$7,020$6,401$5,143
10 years$8,220$7,430$6,709$6,051$5,454$4,260
11 years$7,397$6,615$5,906$5,267$4,690$3,559
12 years$6,711$5,937$5,242$4,619$4,065$2,994
13 years$6,131$5,365$4,683$4,078$3,544$2,533
14 years$5,635$4,877$4,208$3,620$3,107$2,152
15 years$5,205$4,455$3,799$3,229$2,736$1,836
16 years$4,829$4,088$3,444$2,891$2,418$1,571
17 years$4,498$3,765$3,134$2,597$2,144$1,348
18 years$4,204$3,479$2,861$2,341$1,906$1,159
19 years$3,941$3,224$2,619$2,115$1,699$999
20 years$3,705$2,996$2,404$1,916$1,518$862
21 years$3,491$2,790$2,211$1,739$1,358$745
22 years$3,297$2,605$2,038$1,581$1,217$645
23 years$3,121$2,436$1,882$1,440$1,093$558
24 years$2,959$2,283$1,740$1,313$982$484
25 years$2,810$2,142$1,612$1,199$884$420
26 years$2,673$2,013$1,495$1,096$796$365
27 years$2,547$1,895$1,388$1,004$718$317
28 years$2,429$1,785$1,290$919$648$275
29 years$2,320$1,684$1,201$843$585$239
30 years$2,219$1,591$1,119$774$528$208
31 years$2,124$1,504$1,043$711$478$181
32 years$2,035$1,423$973$653$432$158
33 years$1,952$1,347$908$601$391$137
34 years$1,874$1,277$849$553$354$119
35 years$1,800$1,211$794$509$321$104
36 years$1,731$1,150$742$469$291$91
37 years$1,666$1,092$695$432$263$79
38 years$1,604$1,038$651$398$239$69
39 years$1,546$987$610$367$217$60
40 years$1,490$939$571$338$196$52
41 years$1,438$894$536$312$178$45
42 years$1,388$851$503$288$162$40
43 years$1,340$811$472$266$147$35
44 years$1,295$773$443$246$133$30
45 years$1,252$737$416$227$121$26
46 years$1,211$703$390$210$110$23
47 years$1,172$671$367$194$100$20
48 years$1,134$641$345$179$91$17
49 years$1,098$612$324$165$82$15
50 years$1,064$584$305$153$75$13

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 $3,620 every year, while hoping to spend $27,763 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: 42/46/12 Blend
39$1,090,000$1,090,000$1,090,000$1,090,000
40$1,204,914$1,147,144$1,130,249$1,251,140
41$1,298,276$1,173,814$1,138,573$1,310,562
42$1,400,230$1,200,861$1,146,245$1,371,818
43$1,511,623$1,228,274$1,153,214$1,437,534
44$1,633,389$1,256,039$1,159,427$1,508,129
45$1,766,553$1,284,144$1,164,826$1,584,065
46$1,912,247$1,312,572$1,169,354$1,665,850
47$2,071,715$1,341,307$1,172,946$1,754,045
48$2,246,328$1,370,329$1,175,537$1,849,266
49$2,437,595$1,399,617$1,177,060$1,952,194
50$2,647,179$1,429,148$1,177,441$2,063,578
51$2,876,911$1,458,895$1,176,604$2,184,243
52$3,128,806$1,488,832$1,174,471$2,315,099
53$3,405,086$1,518,926$1,170,957$2,457,149
54$3,708,197$1,549,145$1,165,976$2,611,499
55$4,040,832$1,579,452$1,159,435$2,779,365
56$4,405,959$1,609,808$1,151,239$2,962,092
57$4,806,848$1,640,169$1,141,286$3,161,158
58$5,247,099$1,670,490$1,129,472$3,378,196
59$5,730,679$1,700,720$1,115,685$3,615,003
60$6,261,958$1,730,805$1,099,811$3,873,562
61$6,845,751$1,760,687$1,081,727$4,156,057
62$7,487,360$1,790,303$1,061,307$4,464,898
63$8,192,628$1,819,586$1,038,418$4,802,739
64$8,967,993$1,848,462$1,012,922$5,172,509
65$9,820,546$1,876,855$984,673$5,577,433
66$10,758,100$1,904,680$953,518$6,021,070
67$11,789,265$1,931,847$919,300$6,507,340
68$12,923,525$1,958,262$881,851$7,040,568
69$14,171,329$1,983,822$840,998$7,625,517
70$15,544,192$2,008,417$796,558$8,267,444
71$17,054,799$2,031,929$748,343$8,972,138
72$18,717,130$2,054,234$696,153$9,745,985
73$20,546,584$2,075,199$639,781$10,596,024
74$22,560,132$2,094,680$579,011$11,530,012
75$24,776,473$2,112,527$513,615$12,556,504
76$27,216,209$2,128,577$443,357$13,684,929
77$29,902,044$2,142,658$367,991$14,925,680
78$32,858,992$2,154,588$287,258$16,290,214
79$36,114,617$2,164,170$200,889$17,791,164
80$39,699,292$2,171,199$108,602$19,442,451
81$43,646,484$2,175,453$10,106$21,259,423
82$47,993,074$2,176,698$0$23,258,999
83$52,779,696$2,174,685$0$25,471,992
84$58,051,132$2,169,151$0$27,908,965
85$63,856,722$2,159,814$0$30,591,327
86$70,250,841$2,146,378$0$33,544,098
87$77,293,403$2,128,527$0$36,794,858
88$85,050,431$2,105,926$0$40,374,003
89$93,594,678$2,078,219$0$44,315,035
90$103,006,315$2,045,032$0$48,654,878
91$113,373,687$2,005,966$0$53,434,229
92$124,794,143$1,960,599$0$58,697,942
93$137,374,960$1,908,483$0$64,495,452
94$151,234,353$1,849,145$0$70,881,246
95$166,502,589$1,782,085$0$77,915,374
96$183,323,219$1,706,773$0$85,664,022
97$201,854,429$1,622,648$0$94,200,134
98$222,270,539$1,529,115$0$103,604,104
99$244,763,642$1,425,549$0$113,964,539
100$269,545,418$1,311,286$0$125,379,093