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%19.4%
1 years$91,663$90,846$90,050$89,272$88,513$85,169
2 years$45,378$44,532$43,713$42,919$42,149$38,819
3 years$29,951$29,102$28,285$27,499$26,741$23,530
4 years$22,240$21,393$20,585$19,811$19,072$16,004
5 years$17,614$16,773$15,974$15,217$14,498$11,581
6 years$14,531$13,696$12,910$12,169$11,472$8,708
7 years$12,330$11,502$10,728$10,005$9,330$6,718
8 years$10,680$9,859$9,098$8,393$7,740$5,278
9 years$9,397$8,584$7,836$7,149$6,518$4,202
10 years$8,371$7,567$6,832$6,162$5,554$3,380
11 years$7,533$6,736$6,015$5,363$4,776$2,739
12 years$6,834$6,046$5,338$4,704$4,139$2,234
13 years$6,244$5,464$4,769$4,153$3,609$1,831
14 years$5,738$4,966$4,285$3,687$3,164$1,506
15 years$5,300$4,537$3,869$3,288$2,786$1,243
16 years$4,918$4,163$3,508$2,944$2,462$1,029
17 years$4,580$3,834$3,192$2,645$2,183$853
18 years$4,281$3,542$2,914$2,384$1,941$708
19 years$4,013$3,283$2,667$2,154$1,730$589
20 years$3,773$3,051$2,448$1,951$1,545$491
21 years$3,555$2,842$2,252$1,770$1,383$409
22 years$3,358$2,653$2,075$1,610$1,240$341
23 years$3,178$2,481$1,916$1,466$1,113$285
24 years$3,013$2,324$1,772$1,337$1,000$238
25 years$2,862$2,181$1,641$1,221$900$199
26 years$2,722$2,050$1,522$1,117$811$166
27 years$2,593$1,929$1,414$1,022$731$139
28 years$2,474$1,818$1,314$936$660$116
29 years$2,363$1,715$1,223$859$596$97
30 years$2,259$1,620$1,139$788$538$81
31 years$2,163$1,531$1,062$724$486$68
32 years$2,073$1,449$991$665$440$57
33 years$1,988$1,372$925$612$398$48
34 years$1,908$1,300$864$563$361$40
35 years$1,833$1,233$808$518$327$33
36 years$1,763$1,171$756$477$296$28
37 years$1,696$1,112$708$440$268$23
38 years$1,633$1,057$663$405$243$20
39 years$1,574$1,005$621$374$220$16
40 years$1,518$956$582$345$200$14
41 years$1,464$910$546$318$181$12
42 years$1,413$867$512$293$165$10
43 years$1,365$826$480$271$149$8
44 years$1,319$787$451$250$136$7
45 years$1,275$751$423$231$123$6
46 years$1,233$716$398$213$112$5
47 years$1,193$683$373$197$102$4
48 years$1,155$652$351$182$92$3
49 years$1,119$623$330$168$84$3
50 years$1,084$595$310$156$76$2

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 $4,350 every year, while hoping to spend $23,544 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: 47/24/29 Blend
39$1,110,000$1,110,000$1,110,000$1,110,000
40$1,227,707$1,168,877$1,151,672$1,275,017
41$1,327,883$1,201,101$1,165,202$1,341,120
42$1,437,487$1,234,116$1,178,397$1,410,210
43$1,557,457$1,267,934$1,191,220$1,484,761
44$1,688,824$1,302,569$1,203,632$1,565,299
45$1,832,725$1,338,036$1,215,595$1,652,406
46$1,990,410$1,374,347$1,227,064$1,746,719
47$2,163,258$1,411,516$1,237,997$1,848,942
48$2,352,786$1,449,555$1,248,345$1,959,850
49$2,560,665$1,488,479$1,258,060$2,080,298
50$2,788,736$1,528,298$1,267,088$2,211,226
51$3,039,028$1,569,025$1,275,376$2,353,672
52$3,313,773$1,610,672$1,282,866$2,508,778
53$3,615,433$1,653,249$1,289,497$2,677,804
54$3,946,717$1,696,768$1,295,205$2,862,135
55$4,310,610$1,741,238$1,299,923$3,063,302
56$4,710,403$1,786,670$1,303,581$3,282,990
57$5,149,719$1,833,071$1,306,105$3,523,054
58$5,632,548$1,880,449$1,307,417$3,785,542
59$6,163,289$1,928,812$1,307,437$4,072,709
60$6,746,786$1,978,166$1,306,078$4,387,040
61$7,388,378$2,028,516$1,303,251$4,731,273
62$8,093,945$2,079,865$1,298,863$5,108,429
63$8,869,966$2,132,218$1,292,813$5,521,833
64$9,723,581$2,185,574$1,285,000$5,975,154
65$10,662,653$2,239,934$1,275,315$6,472,432
66$11,695,850$2,295,297$1,263,644$7,018,121
67$12,832,719$2,351,660$1,249,869$7,617,132
68$14,083,782$2,409,016$1,233,865$8,274,873
69$15,460,630$2,467,360$1,215,502$8,997,309
70$16,976,036$2,526,683$1,194,643$9,791,013
71$18,644,074$2,586,973$1,171,146$10,663,227
72$20,480,251$2,648,216$1,144,860$11,621,936
73$22,501,654$2,710,396$1,115,631$12,675,939
74$24,727,112$2,773,494$1,083,293$13,834,933
75$27,177,370$2,837,488$1,047,676$15,109,608
76$29,875,289$2,902,352$1,008,601$16,511,745
77$32,846,060$2,968,059$965,880$18,054,326
78$36,117,439$3,034,575$919,319$19,751,663
79$39,720,013$3,101,864$868,711$21,619,526
80$43,687,486$3,169,887$813,844$23,675,297
81$48,056,995$3,238,597$754,494$25,938,135
82$52,869,466$3,307,946$690,427$28,429,153
83$58,169,995$3,377,879$621,400$31,171,622
84$64,008,275$3,448,336$547,157$34,191,189
85$70,439,066$3,519,250$467,433$37,516,119
86$77,522,708$3,590,551$381,949$41,177,565
87$85,325,695$3,662,159$290,416$45,209,860
88$93,921,301$3,733,990$192,530$49,650,842
89$103,390,269$3,805,951$87,975$54,542,215
90$113,821,575$3,877,941$0$59,929,938
91$125,313,267$3,949,852$0$65,871,968
92$137,973,392$4,021,566$0$72,446,351
93$151,921,012$4,092,956$0$79,687,470
94$167,287,330$4,163,886$0$87,663,247
95$184,216,930$4,234,208$0$96,448,528
96$202,869,137$4,303,765$0$106,125,794
97$223,419,525$4,372,385$0$116,785,937
98$246,061,571$4,439,887$0$128,529,120
99$271,008,483$4,506,073$0$141,465,722
100$298,495,212$4,570,734$0$155,717,380