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%17.8%
1 years$90,837$90,028$89,238$88,468$87,716$84,942
2 years$44,969$44,131$43,320$42,533$41,769$39,000
3 years$29,681$28,840$28,031$27,251$26,500$23,822
4 years$22,039$21,201$20,399$19,633$18,900$16,334
5 years$17,455$16,622$15,831$15,080$14,368$11,920
6 years$14,400$13,573$12,793$12,060$11,369$9,042
7 years$12,219$11,398$10,631$9,915$9,246$7,039
8 years$10,583$9,771$9,016$8,317$7,670$5,583
9 years$9,312$8,507$7,766$7,084$6,459$4,489
10 years$8,296$7,499$6,770$6,107$5,504$3,647
11 years$7,465$6,675$5,960$5,315$4,733$2,987
12 years$6,773$5,992$5,290$4,662$4,102$2,462
13 years$6,188$5,415$4,726$4,116$3,577$2,040
14 years$5,687$4,922$4,246$3,653$3,135$1,697
15 years$5,253$4,496$3,834$3,258$2,761$1,417
16 years$4,873$4,125$3,476$2,917$2,440$1,186
17 years$4,539$3,799$3,163$2,621$2,163$995
18 years$4,242$3,510$2,887$2,362$1,924$836
19 years$3,977$3,253$2,643$2,135$1,715$704
20 years$3,739$3,023$2,426$1,933$1,531$593
21 years$3,523$2,816$2,231$1,755$1,371$501
22 years$3,327$2,629$2,057$1,595$1,228$423
23 years$3,149$2,459$1,899$1,453$1,103$358
24 years$2,986$2,304$1,756$1,325$991$302
25 years$2,836$2,162$1,627$1,210$892$256
26 years$2,698$2,032$1,509$1,106$803$217
27 years$2,570$1,912$1,401$1,013$724$184
28 years$2,452$1,802$1,302$928$654$156
29 years$2,342$1,700$1,212$851$590$132
30 years$2,239$1,605$1,129$781$533$112
31 years$2,143$1,517$1,052$717$482$95
32 years$2,054$1,436$982$659$436$80
33 years$1,970$1,360$917$606$395$68
34 years$1,891$1,289$857$558$357$58
35 years$1,817$1,222$801$513$324$49
36 years$1,747$1,160$749$473$293$42
37 years$1,681$1,102$701$436$266$35
38 years$1,619$1,047$657$402$241$30
39 years$1,560$996$615$370$218$25
40 years$1,504$947$577$342$198$22
41 years$1,451$902$541$315$180$18
42 years$1,400$859$507$291$163$16
43 years$1,353$818$476$268$148$13
44 years$1,307$780$447$248$134$11
45 years$1,264$744$419$229$122$10
46 years$1,222$710$394$211$111$8
47 years$1,183$677$370$195$101$7
48 years$1,145$646$348$180$91$6
49 years$1,109$617$327$167$83$5
50 years$1,074$590$307$154$75$4

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 $3,605 every year, while hoping to spend $46,043 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: 30/46/24 Blend
39$1,100,000$1,100,000$1,100,000$1,100,000
40$1,215,919$1,157,619$1,140,569$1,243,259
41$1,290,953$1,165,352$1,129,788$1,272,348
42$1,372,097$1,171,922$1,117,104$1,299,293
43$1,459,927$1,177,222$1,102,402$1,327,337
44$1,555,073$1,181,140$1,085,566$1,356,608
45$1,658,231$1,183,556$1,066,473$1,387,245
46$1,770,164$1,184,343$1,044,993$1,419,409
47$1,891,711$1,183,367$1,020,991$1,453,279
48$2,023,798$1,180,484$994,327$1,489,055
49$2,167,441$1,175,543$964,852$1,526,965
50$2,323,757$1,168,382$932,412$1,567,263
51$2,493,978$1,158,830$896,845$1,610,231
52$2,679,456$1,146,705$857,982$1,656,189
53$2,881,683$1,131,816$815,647$1,705,493
54$3,102,298$1,113,959$769,654$1,758,540
55$3,343,107$1,092,917$719,812$1,815,776
56$3,606,095$1,068,461$665,917$1,877,697
57$3,893,451$1,040,350$607,760$1,944,857
58$4,207,583$1,008,327$545,120$2,017,875
59$4,551,142$972,121$477,766$2,097,438
60$4,927,047$931,443$405,460$2,184,313
61$5,338,512$885,990$327,950$2,279,356
62$5,789,078$835,441$244,973$2,383,515
63$6,282,641$779,455$156,257$2,497,847
64$6,823,495$717,673$61,516$2,623,528
65$7,416,366$649,714$0$2,761,863
66$8,066,462$575,176$0$2,924,441
67$8,779,518$493,636$0$3,120,205
68$9,561,848$404,644$0$3,335,255
69$10,420,411$307,726$0$3,571,663
70$11,362,870$202,381$0$3,831,719
71$12,397,666$88,081$0$4,117,960
72$13,534,098$0$0$4,433,189
73$14,782,411$0$0$4,798,594
74$16,153,889$0$0$5,249,217
75$17,660,962$0$0$5,744,581
76$19,317,328$0$0$6,289,210
77$21,138,074$0$0$6,888,090
78$23,139,823$0$0$7,546,714
79$25,340,888$0$0$8,271,132
80$27,761,448$0$0$9,068,012
81$30,423,732$0$0$9,944,700
82$33,352,233$0$0$10,909,291
83$36,573,938$0$0$11,970,703
84$40,118,580$0$0$13,138,761
85$44,018,920$0$0$14,424,294
86$48,311,054$0$0$15,839,230
87$53,034,754$0$0$17,396,714
88$58,233,846$0$0$19,111,232
89$63,956,615$0$0$20,998,742
90$70,256,269$0$0$23,076,830
91$77,191,435$0$0$25,364,874
92$84,826,711$0$0$27,884,226
93$93,233,281$0$0$30,658,414
94$102,489,579$0$0$33,713,364
95$112,682,035$0$0$37,077,645
96$123,905,884$0$0$40,782,736
97$136,266,071$0$0$44,863,326
98$149,878,232$0$0$49,357,641
99$164,869,794$0$0$54,307,800
100$181,381,171$0$0$59,760,219