Can I retire at age 40 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$90,837$90,028$89,238$88,468$87,716$86,619
2 years$44,969$44,131$43,320$42,533$41,769$40,666
3 years$29,681$28,840$28,031$27,251$26,500$25,425
4 years$22,039$21,201$20,399$19,633$18,900$17,860
5 years$17,455$16,622$15,831$15,080$14,368$13,367
6 years$14,400$13,573$12,793$12,060$11,369$10,408
7 years$12,219$11,398$10,631$9,915$9,246$8,325
8 years$10,583$9,771$9,016$8,317$7,670$6,790
9 years$9,312$8,507$7,766$7,084$6,459$5,619
10 years$8,296$7,499$6,770$6,107$5,504$4,703
11 years$7,465$6,675$5,960$5,315$4,733$3,971
12 years$6,773$5,992$5,290$4,662$4,102$3,377
13 years$6,188$5,415$4,726$4,116$3,577$2,889
14 years$5,687$4,922$4,246$3,653$3,135$2,483
15 years$5,253$4,496$3,834$3,258$2,761$2,143
16 years$4,873$4,125$3,476$2,917$2,440$1,856
17 years$4,539$3,799$3,163$2,621$2,163$1,612
18 years$4,242$3,510$2,887$2,362$1,924$1,403
19 years$3,977$3,253$2,643$2,135$1,715$1,224
20 years$3,739$3,023$2,426$1,933$1,531$1,070
21 years$3,523$2,816$2,231$1,755$1,371$937
22 years$3,327$2,629$2,057$1,595$1,228$821
23 years$3,149$2,459$1,899$1,453$1,103$721
24 years$2,986$2,304$1,756$1,325$991$633
25 years$2,836$2,162$1,627$1,210$892$557
26 years$2,698$2,032$1,509$1,106$803$490
27 years$2,570$1,912$1,401$1,013$724$431
28 years$2,452$1,802$1,302$928$654$380
29 years$2,342$1,700$1,212$851$590$335
30 years$2,239$1,605$1,129$781$533$295
31 years$2,143$1,517$1,052$717$482$261
32 years$2,054$1,436$982$659$436$230
33 years$1,970$1,360$917$606$395$203
34 years$1,891$1,289$857$558$357$179
35 years$1,817$1,222$801$513$324$158
36 years$1,747$1,160$749$473$293$140
37 years$1,681$1,102$701$436$266$124
38 years$1,619$1,047$657$402$241$109
39 years$1,560$996$615$370$218$97
40 years$1,504$947$577$342$198$85
41 years$1,451$902$541$315$180$76
42 years$1,400$859$507$291$163$67
43 years$1,353$818$476$268$148$59
44 years$1,307$780$447$248$134$52
45 years$1,264$744$419$229$122$46
46 years$1,222$710$394$211$111$41
47 years$1,183$677$370$195$101$36
48 years$1,145$646$348$180$91$32
49 years$1,109$617$327$167$83$28
50 years$1,074$590$307$154$75$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,100,000, adding $6,053 every year, while hoping to spend $36,435 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: 45/37/18 Blend
39$1,100,000$1,100,000$1,100,000$1,100,000
40$1,218,444$1,160,144$1,143,094$1,266,725
41$1,303,958$1,178,224$1,142,621$1,319,215
42$1,396,974$1,195,969$1,140,911$1,371,996
43$1,498,218$1,213,325$1,137,884$1,428,465
44$1,608,490$1,230,231$1,133,457$1,488,978
45$1,728,669$1,246,625$1,127,541$1,553,931
46$1,859,724$1,262,441$1,120,044$1,623,762
47$2,002,721$1,277,605$1,110,870$1,698,953
48$2,158,832$1,292,042$1,099,918$1,780,037
49$2,329,350$1,305,668$1,087,082$1,867,604
50$2,515,695$1,318,398$1,072,251$1,962,304
51$2,719,433$1,330,136$1,055,308$2,064,855
52$2,942,288$1,340,785$1,036,133$2,176,052
53$3,186,156$1,350,238$1,014,598$2,296,769
54$3,453,126$1,358,383$990,570$2,427,975
55$3,745,500$1,365,098$963,909$2,570,738
56$4,065,811$1,370,258$934,470$2,726,239
57$4,416,850$1,373,727$902,101$2,895,779
58$4,801,688$1,375,359$866,641$3,080,798
59$5,223,711$1,375,003$827,924$3,282,883
60$5,686,647$1,372,495$785,777$3,503,788
61$6,194,600$1,367,662$740,016$3,745,448
62$6,752,094$1,360,323$690,451$4,009,999
63$7,364,110$1,350,281$636,884$4,299,800
64$8,036,136$1,337,331$579,106$4,617,452
65$8,774,217$1,321,255$516,901$4,965,829
66$9,585,011$1,301,821$450,041$5,348,101
67$10,475,854$1,278,783$378,290$5,767,767
68$11,454,829$1,251,880$301,400$6,228,686
69$12,530,838$1,220,839$219,113$6,735,121
70$13,713,689$1,185,366$131,160$7,291,771
71$15,014,190$1,145,153$37,258$7,903,823
72$16,444,246$1,099,874$0$8,577,000
73$18,016,973$1,049,182$0$9,329,707
74$19,746,824$992,712$0$10,165,240
75$21,649,721$930,076$0$11,084,182
76$23,743,209$860,866$0$12,095,074
77$26,046,617$784,649$0$13,207,333
78$28,581,243$700,968$0$14,431,342
79$31,370,554$609,339$0$15,778,551
80$34,440,406$509,252$0$17,261,584
81$37,819,290$400,168$0$18,894,359
82$41,538,598$281,517$0$20,692,222
83$45,632,920$152,696$0$22,672,092
84$50,140,370$13,071$0$24,852,623
85$55,102,947$0$0$27,254,380
86$60,566,926$0$0$29,956,237
87$66,583,302$0$0$32,937,272
88$73,208,261$0$0$36,220,025
89$80,503,721$0$0$39,835,199
90$88,537,906$0$0$43,816,624
91$97,385,996$0$0$48,201,578
92$107,130,835$0$0$53,031,141
93$117,863,708$0$0$58,350,579
94$129,685,208$0$0$64,209,773
95$142,706,182$0$0$70,663,689
96$157,048,778$0$0$77,772,897
97$172,847,596$0$0$85,604,141
98$190,250,958$0$0$94,230,972
99$209,422,309$0$0$103,734,440
100$230,541,760$0$0$114,203,855