Can I retire at age 40 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$91,663$90,846$90,050$89,272$88,513$86,163
2 years$45,378$44,532$43,713$42,919$42,149$39,798
3 years$29,951$29,102$28,285$27,499$26,741$24,463
4 years$22,240$21,393$20,585$19,811$19,072$16,884
5 years$17,614$16,773$15,974$15,217$14,498$12,406
6 years$14,531$13,696$12,910$12,169$11,472$9,477
7 years$12,330$11,502$10,728$10,005$9,330$7,433
8 years$10,680$9,859$9,098$8,393$7,740$5,941
9 years$9,397$8,584$7,836$7,149$6,518$4,814
10 years$8,371$7,567$6,832$6,162$5,554$3,943
11 years$7,533$6,736$6,015$5,363$4,776$3,257
12 years$6,834$6,046$5,338$4,704$4,139$2,708
13 years$6,244$5,464$4,769$4,153$3,609$2,263
14 years$5,738$4,966$4,285$3,687$3,164$1,900
15 years$5,300$4,537$3,869$3,288$2,786$1,600
16 years$4,918$4,163$3,508$2,944$2,462$1,352
17 years$4,580$3,834$3,192$2,645$2,183$1,145
18 years$4,281$3,542$2,914$2,384$1,941$972
19 years$4,013$3,283$2,667$2,154$1,730$826
20 years$3,773$3,051$2,448$1,951$1,545$704
21 years$3,555$2,842$2,252$1,770$1,383$600
22 years$3,358$2,653$2,075$1,610$1,240$512
23 years$3,178$2,481$1,916$1,466$1,113$437
24 years$3,013$2,324$1,772$1,337$1,000$373
25 years$2,862$2,181$1,641$1,221$900$319
26 years$2,722$2,050$1,522$1,117$811$273
27 years$2,593$1,929$1,414$1,022$731$234
28 years$2,474$1,818$1,314$936$660$200
29 years$2,363$1,715$1,223$859$596$172
30 years$2,259$1,620$1,139$788$538$147
31 years$2,163$1,531$1,062$724$486$126
32 years$2,073$1,449$991$665$440$108
33 years$1,988$1,372$925$612$398$93
34 years$1,908$1,300$864$563$361$79
35 years$1,833$1,233$808$518$327$68
36 years$1,763$1,171$756$477$296$58
37 years$1,696$1,112$708$440$268$50
38 years$1,633$1,057$663$405$243$43
39 years$1,574$1,005$621$374$220$37
40 years$1,518$956$582$345$200$32
41 years$1,464$910$546$318$181$27
42 years$1,413$867$512$293$165$23
43 years$1,365$826$480$271$149$20
44 years$1,319$787$451$250$136$17
45 years$1,275$751$423$231$123$15
46 years$1,233$716$398$213$112$13
47 years$1,193$683$373$197$102$11
48 years$1,155$652$351$182$92$9
49 years$1,119$623$330$168$84$8
50 years$1,084$595$310$156$76$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,110,000, adding $4,656 every year, while hoping to spend $39,022 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: 48/22/30 Blend
39$1,110,000$1,110,000$1,110,000$1,110,000
40$1,228,023$1,169,193$1,151,988$1,276,240
41$1,311,762$1,184,964$1,149,060$1,326,499
42$1,402,735$1,200,200$1,144,727$1,376,884
43$1,501,638$1,214,834$1,138,899$1,430,864
44$1,609,237$1,228,793$1,131,485$1,488,800
45$1,726,376$1,242,001$1,122,386$1,551,089
46$1,853,983$1,254,376$1,111,503$1,618,173
47$1,993,079$1,265,830$1,098,727$1,690,538
48$2,144,787$1,276,269$1,083,949$1,768,722
49$2,310,344$1,285,595$1,067,050$1,853,322
50$2,491,112$1,293,702$1,047,909$1,944,994
51$2,688,589$1,300,477$1,026,398$2,044,466
52$2,904,425$1,305,801$1,002,382$2,152,542
53$3,140,438$1,309,546$975,723$2,270,110
54$3,398,626$1,311,578$946,273$2,398,151
55$3,681,191$1,311,751$913,879$2,537,750
56$3,990,560$1,309,914$878,381$2,690,105
57$4,329,402$1,305,904$839,612$2,856,538
58$4,700,657$1,299,550$797,395$3,038,511
59$5,107,564$1,290,668$751,548$3,237,639
60$5,553,691$1,279,066$701,880$3,455,704
61$6,042,965$1,264,537$648,190$3,694,676
62$6,579,712$1,246,865$590,270$3,956,727
63$7,168,700$1,225,818$527,901$4,244,258
64$7,815,177$1,201,153$460,855$4,559,919
65$8,524,925$1,172,610$388,894$4,906,636
66$9,304,315$1,139,915$311,769$5,287,636
67$10,160,363$1,102,778$229,221$5,706,484
68$11,100,798$1,060,892$140,978$6,167,115
69$12,134,136$1,013,933$46,758$6,673,870
70$13,269,758$961,555$0$7,231,541
71$14,517,998$903,397$0$7,862,633
72$15,890,243$839,072$0$8,572,854
73$17,399,036$768,175$0$9,353,761
74$19,058,197$690,275$0$10,212,566
75$20,882,954$604,919$0$11,157,216
76$22,890,081$511,627$0$12,196,475
77$25,098,063$409,890$0$13,340,000
78$27,527,265$299,174$0$14,598,440
79$30,200,126$178,913$0$15,983,532
80$33,141,368$48,509$0$17,508,216
81$36,378,233$0$0$19,186,753
82$39,940,736$0$0$21,057,302
83$43,861,950$0$0$23,129,270
84$48,178,316$0$0$25,410,189
85$52,929,989$0$0$27,921,296
86$58,161,213$0$0$30,685,993
87$63,920,742$0$0$33,730,066
88$70,262,296$0$0$37,081,929
89$77,245,070$0$0$40,772,890
90$84,934,292$0$0$44,837,451
91$93,401,836$0$0$49,313,627
92$102,726,903$0$0$54,243,311
93$112,996,767$0$0$59,672,662
94$124,307,597$0$0$65,652,548
95$136,765,363$0$0$72,239,020
96$150,486,841$0$0$79,493,845
97$165,600,709$0$0$87,485,084
98$182,248,764$0$0$96,287,741
99$200,587,259$0$0$105,984,463
100$220,788,378$0$0$116,666,324