Can I retire at age 40 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$93,314$92,483$91,672$90,881$90,108$88,652
2 years$46,195$45,335$44,501$43,693$42,908$41,445
3 years$30,491$29,627$28,795$27,994$27,223$25,798
4 years$22,640$21,779$20,955$20,168$19,416$18,041
5 years$17,931$17,075$16,262$15,491$14,759$13,438
6 years$14,793$13,943$13,142$12,388$11,679$10,412
7 years$12,552$11,709$10,921$10,185$9,498$8,287
8 years$10,872$10,037$9,262$8,544$7,879$6,724
9 years$9,566$8,739$7,978$7,278$6,636$5,535
10 years$8,522$7,703$6,955$6,273$5,654$4,607
11 years$7,668$6,858$6,123$5,460$4,862$3,868
12 years$6,957$6,155$5,434$4,789$4,214$3,271
13 years$6,356$5,562$4,855$4,228$3,674$2,782
14 years$5,842$5,056$4,362$3,753$3,221$2,377
15 years$5,396$4,619$3,938$3,347$2,836$2,039
16 years$5,006$4,238$3,571$2,997$2,506$1,754
17 years$4,663$3,903$3,249$2,693$2,222$1,514
18 years$4,358$3,606$2,966$2,427$1,976$1,310
19 years$4,085$3,342$2,715$2,193$1,761$1,135
20 years$3,841$3,106$2,492$1,986$1,573$985
21 years$3,619$2,893$2,292$1,802$1,408$857
22 years$3,418$2,700$2,113$1,639$1,262$746
23 years$3,235$2,526$1,951$1,492$1,133$650
24 years$3,067$2,366$1,804$1,361$1,018$567
25 years$2,913$2,221$1,671$1,243$916$495
26 years$2,771$2,087$1,550$1,137$825$433
27 years$2,640$1,964$1,439$1,040$744$378
28 years$2,519$1,851$1,338$953$671$331
29 years$2,405$1,746$1,245$874$606$289
30 years$2,300$1,649$1,160$802$548$253
31 years$2,202$1,559$1,081$737$495$222
32 years$2,110$1,475$1,009$677$448$194
33 years$2,024$1,397$942$623$405$170
34 years$1,943$1,324$880$573$367$149
35 years$1,866$1,256$823$527$332$131
36 years$1,795$1,192$770$486$301$115
37 years$1,727$1,132$720$448$273$101
38 years$1,663$1,076$675$413$248$88
39 years$1,602$1,023$632$380$224$77
40 years$1,545$973$592$351$204$68
41 years$1,490$926$555$324$185$60
42 years$1,439$882$521$299$168$52
43 years$1,389$841$489$276$152$46
44 years$1,343$801$459$255$138$40
45 years$1,298$764$431$235$125$35
46 years$1,255$729$405$217$114$31
47 years$1,215$696$380$201$103$27
48 years$1,176$664$357$185$94$24
49 years$1,139$634$336$171$85$21
50 years$1,103$606$316$158$77$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,130,000, adding $6,626 every year, while hoping to spend $22,037 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: 68/17/15 Blend
39$1,130,000$1,130,000$1,130,000$1,130,000
40$1,252,095$1,192,205$1,174,690$1,332,417
41$1,356,361$1,227,176$1,190,595$1,421,756
42$1,470,524$1,263,121$1,206,294$1,516,211
43$1,595,570$1,300,067$1,221,757$1,618,964
44$1,732,585$1,338,036$1,236,952$1,730,829
45$1,882,764$1,377,056$1,251,846$1,852,702
46$2,047,426$1,417,152$1,266,403$1,985,569
47$2,228,021$1,458,349$1,280,585$2,130,516
48$2,426,147$1,500,676$1,294,352$2,288,739
49$2,643,563$1,544,159$1,307,663$2,461,557
50$2,882,210$1,588,826$1,320,473$2,650,419
51$3,144,223$1,634,706$1,332,735$2,856,924
52$3,431,953$1,681,826$1,344,402$3,082,833
53$3,747,994$1,730,217$1,355,420$3,330,084
54$4,095,198$1,779,907$1,365,736$3,600,814
55$4,476,713$1,830,926$1,375,293$3,897,377
56$4,896,001$1,883,306$1,384,029$4,222,365
57$5,356,881$1,937,075$1,391,882$4,578,633
58$5,863,558$1,992,267$1,398,784$4,969,329
59$6,420,664$2,048,911$1,404,667$5,397,919
60$7,033,304$2,107,040$1,409,456$5,868,222
61$7,707,102$2,166,686$1,413,073$6,384,447
62$8,448,254$2,227,882$1,415,439$6,951,230
63$9,263,587$2,290,659$1,416,467$7,573,680
64$10,160,623$2,355,051$1,416,069$8,257,425
65$11,147,649$2,421,091$1,414,150$9,008,667
66$12,233,797$2,488,813$1,410,612$9,834,239
67$13,429,128$2,558,248$1,405,351$10,741,673
68$14,744,729$2,629,432$1,398,260$11,739,263
69$16,192,815$2,702,398$1,389,226$12,836,153
70$17,786,846$2,777,179$1,378,128$14,042,417
71$19,541,652$2,853,809$1,364,843$15,369,154
72$21,473,575$2,932,320$1,349,240$16,828,598
73$23,600,623$3,012,747$1,331,183$18,434,225
74$25,942,638$3,095,123$1,310,529$20,200,890
75$28,521,482$3,179,479$1,287,127$22,144,958
76$31,361,248$3,265,849$1,260,821$24,284,465
77$34,488,484$3,354,264$1,231,447$26,639,285
78$37,932,442$3,444,755$1,198,833$29,231,317
79$41,725,357$3,537,354$1,162,799$32,084,695
80$45,902,749$3,632,090$1,123,159$35,226,014
81$50,503,760$3,728,993$1,079,715$38,684,577
82$55,571,520$3,828,090$1,032,261$42,492,680
83$61,153,557$3,929,408$980,584$46,685,911
84$67,302,245$4,032,974$924,459$51,303,484
85$74,075,296$4,138,812$863,651$56,388,617
86$81,536,307$4,246,945$797,914$61,988,932
87$89,755,360$4,357,395$726,994$68,156,910
88$98,809,680$4,470,180$650,621$74,950,383
89$108,784,367$4,585,319$568,517$82,433,082
90$119,773,200$4,702,828$480,390$90,675,238
91$131,879,518$4,822,718$385,935$99,754,245
92$145,217,199$4,945,000$284,833$109,755,390
93$159,911,730$5,069,683$176,752$120,772,661
94$176,101,399$5,196,769$61,346$132,909,630
95$193,938,592$5,326,261$0$146,280,435
96$213,591,237$5,458,156$0$161,020,747
97$235,244,384$5,592,448$0$177,270,405
98$259,101,959$5,729,125$0$195,172,387
99$285,388,680$5,868,173$0$214,895,087
100$314,352,183$6,009,571$0$236,624,071