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%18.4%
1 years$93,314$92,483$91,672$90,881$90,108$87,049
2 years$46,195$45,335$44,501$43,693$42,908$39,858
3 years$30,491$29,627$28,795$27,994$27,223$24,276
4 years$22,640$21,779$20,955$20,168$19,416$16,595
5 years$17,931$17,075$16,262$15,491$14,759$12,072
6 years$14,793$13,943$13,142$12,388$11,679$9,127
7 years$12,552$11,709$10,921$10,185$9,498$7,081
8 years$10,872$10,037$9,262$8,544$7,879$5,596
9 years$9,566$8,739$7,978$7,278$6,636$4,483
10 years$8,522$7,703$6,955$6,273$5,654$3,629
11 years$7,668$6,858$6,123$5,460$4,862$2,961
12 years$6,957$6,155$5,434$4,789$4,214$2,431
13 years$6,356$5,562$4,855$4,228$3,674$2,006
14 years$5,842$5,056$4,362$3,753$3,221$1,662
15 years$5,396$4,619$3,938$3,347$2,836$1,381
16 years$5,006$4,238$3,571$2,997$2,506$1,151
17 years$4,663$3,903$3,249$2,693$2,222$961
18 years$4,358$3,606$2,966$2,427$1,976$805
19 years$4,085$3,342$2,715$2,193$1,761$674
20 years$3,841$3,106$2,492$1,986$1,573$566
21 years$3,619$2,893$2,292$1,802$1,408$475
22 years$3,418$2,700$2,113$1,639$1,262$400
23 years$3,235$2,526$1,951$1,492$1,133$336
24 years$3,067$2,366$1,804$1,361$1,018$283
25 years$2,913$2,221$1,671$1,243$916$238
26 years$2,771$2,087$1,550$1,137$825$201
27 years$2,640$1,964$1,439$1,040$744$169
28 years$2,519$1,851$1,338$953$671$143
29 years$2,405$1,746$1,245$874$606$120
30 years$2,300$1,649$1,160$802$548$102
31 years$2,202$1,559$1,081$737$495$86
32 years$2,110$1,475$1,009$677$448$72
33 years$2,024$1,397$942$623$405$61
34 years$1,943$1,324$880$573$367$52
35 years$1,866$1,256$823$527$332$43
36 years$1,795$1,192$770$486$301$37
37 years$1,727$1,132$720$448$273$31
38 years$1,663$1,076$675$413$248$26
39 years$1,602$1,023$632$380$224$22
40 years$1,545$973$592$351$204$19
41 years$1,490$926$555$324$185$16
42 years$1,439$882$521$299$168$13
43 years$1,389$841$489$276$152$11
44 years$1,343$801$459$255$138$9
45 years$1,298$764$431$235$125$8
46 years$1,255$729$405$217$114$7
47 years$1,215$696$380$201$103$6
48 years$1,176$664$357$185$94$5
49 years$1,139$634$336$171$85$4
50 years$1,103$606$316$158$77$3

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 $5,456 every year, while hoping to spend $32,364 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: 42/35/23 Blend
39$1,130,000$1,130,000$1,130,000$1,130,000
40$1,250,888$1,190,998$1,173,483$1,294,798
41$1,344,043$1,214,922$1,178,359$1,350,569
42$1,445,616$1,238,933$1,182,315$1,407,410
43$1,556,430$1,263,002$1,185,284$1,468,318
44$1,677,393$1,287,097$1,187,198$1,533,684
45$1,809,504$1,311,181$1,187,986$1,603,940
46$1,953,863$1,335,218$1,187,572$1,679,565
47$2,111,679$1,359,166$1,185,878$1,761,084
48$2,284,286$1,382,980$1,182,821$1,849,079
49$2,473,151$1,406,614$1,178,313$1,944,190
50$2,679,890$1,430,016$1,172,264$2,047,125
51$2,906,282$1,453,131$1,164,579$2,158,666
52$3,154,288$1,475,899$1,155,157$2,279,672
53$3,426,064$1,498,257$1,143,894$2,411,096
54$3,723,988$1,520,137$1,130,679$2,553,985
55$4,050,676$1,541,465$1,115,399$2,709,498
56$4,409,013$1,562,164$1,097,932$2,878,912
57$4,802,172$1,582,151$1,078,153$3,063,635
58$5,233,652$1,601,334$1,055,930$3,265,223
59$5,707,306$1,619,621$1,031,124$3,485,390
60$6,227,376$1,636,907$1,003,592$3,726,030
61$6,798,538$1,653,085$973,182$3,989,230
62$7,425,942$1,668,039$939,736$4,277,294
63$8,115,260$1,681,645$903,090$4,592,764
64$8,872,743$1,693,772$863,069$4,938,442
65$9,705,275$1,704,280$819,495$5,317,421
66$10,620,442$1,713,019$772,177$5,733,112
67$11,626,602$1,719,831$720,919$6,189,279
68$12,732,959$1,724,547$665,515$6,690,072
69$13,949,660$1,726,988$605,748$7,240,069
70$15,287,879$1,726,964$541,394$7,844,319
71$16,759,930$1,724,273$472,218$8,508,392
72$18,379,379$1,718,699$397,974$9,238,430
73$20,161,176$1,710,015$318,406$10,041,207
74$22,121,790$1,697,980$233,246$10,924,193
75$24,279,367$1,682,336$142,215$11,895,628
76$26,653,904$1,662,812$45,021$12,964,598
77$29,267,432$1,639,119$0$14,141,121
78$32,144,227$1,610,953$0$15,450,652
79$35,311,038$1,577,989$0$16,903,695
80$38,797,338$1,539,885$0$18,502,706
81$42,635,606$1,496,279$0$20,262,581
82$46,861,626$1,446,785$0$22,199,743
83$51,514,832$1,390,997$0$24,332,292
84$56,638,674$1,328,485$0$26,680,182
85$62,281,032$1,258,794$0$29,265,404
86$68,494,665$1,181,443$0$32,112,201
87$75,337,709$1,095,922$0$35,247,291
88$82,874,226$1,001,692$0$38,700,129
89$91,174,808$898,186$0$42,503,175
90$100,317,242$784,802$0$46,692,213
91$110,387,247$660,903$0$51,306,682
92$121,479,278$525,820$0$56,390,053
93$133,697,422$378,842$0$61,990,238
94$147,156,374$219,220$0$68,160,050
95$161,982,527$46,165$0$74,957,695
96$178,315,158$0$0$82,447,329
97$196,307,745$0$0$90,754,030
98$216,129,416$0$0$99,924,983
99$237,966,543$0$0$110,028,666
100$262,024,503$0$0$121,160,132