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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.1%
1 years$93,314$92,483$91,672$90,881$90,108$87,504
2 years$46,195$45,335$44,501$43,693$42,908$40,306
3 years$30,491$29,627$28,795$27,994$27,223$24,703
4 years$22,640$21,779$20,955$20,168$19,416$16,998
5 years$17,931$17,075$16,262$15,491$14,759$12,450
6 years$14,793$13,943$13,142$12,388$11,679$9,480
7 years$12,552$11,709$10,921$10,185$9,498$7,410
8 years$10,872$10,037$9,262$8,544$7,879$5,901
9 years$9,566$8,739$7,978$7,278$6,636$4,765
10 years$8,522$7,703$6,955$6,273$5,654$3,888
11 years$7,668$6,858$6,123$5,460$4,862$3,199
12 years$6,957$6,155$5,434$4,789$4,214$2,649
13 years$6,356$5,562$4,855$4,228$3,674$2,205
14 years$5,842$5,056$4,362$3,753$3,221$1,844
15 years$5,396$4,619$3,938$3,347$2,836$1,547
16 years$5,006$4,238$3,571$2,997$2,506$1,301
17 years$4,663$3,903$3,249$2,693$2,222$1,097
18 years$4,358$3,606$2,966$2,427$1,976$927
19 years$4,085$3,342$2,715$2,193$1,761$785
20 years$3,841$3,106$2,492$1,986$1,573$665
21 years$3,619$2,893$2,292$1,802$1,408$564
22 years$3,418$2,700$2,113$1,639$1,262$479
23 years$3,235$2,526$1,951$1,492$1,133$407
24 years$3,067$2,366$1,804$1,361$1,018$346
25 years$2,913$2,221$1,671$1,243$916$295
26 years$2,771$2,087$1,550$1,137$825$251
27 years$2,640$1,964$1,439$1,040$744$214
28 years$2,519$1,851$1,338$953$671$182
29 years$2,405$1,746$1,245$874$606$155
30 years$2,300$1,649$1,160$802$548$132
31 years$2,202$1,559$1,081$737$495$113
32 years$2,110$1,475$1,009$677$448$96
33 years$2,024$1,397$942$623$405$82
34 years$1,943$1,324$880$573$367$70
35 years$1,866$1,256$823$527$332$60
36 years$1,795$1,192$770$486$301$51
37 years$1,727$1,132$720$448$273$44
38 years$1,663$1,076$675$413$248$37
39 years$1,602$1,023$632$380$224$32
40 years$1,545$973$592$351$204$27
41 years$1,490$926$555$324$185$23
42 years$1,439$882$521$299$168$20
43 years$1,389$841$489$276$152$17
44 years$1,343$801$459$255$138$14
45 years$1,298$764$431$235$125$12
46 years$1,255$729$405$217$114$11
47 years$1,215$696$380$201$103$9
48 years$1,176$664$357$185$94$8
49 years$1,139$634$336$171$85$7
50 years$1,103$606$316$158$77$6

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 $4,742 every year, while hoping to spend $24,179 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: 66/21/13 Blend
39$1,130,000$1,130,000$1,130,000$1,130,000
40$1,250,151$1,190,261$1,172,746$1,328,626
41$1,351,941$1,222,858$1,186,307$1,414,172
42$1,463,302$1,256,241$1,199,512$1,504,362
43$1,585,186$1,290,425$1,212,323$1,602,330
44$1,718,640$1,325,421$1,224,701$1,708,837
45$1,864,817$1,361,242$1,236,604$1,824,718
46$2,024,987$1,397,901$1,247,989$1,950,893
47$2,200,548$1,435,411$1,258,809$2,088,376
48$2,393,040$1,473,782$1,269,015$2,238,283
49$2,604,159$1,513,026$1,278,556$2,401,844
50$2,835,774$1,553,155$1,287,378$2,580,413
51$3,089,942$1,594,179$1,295,424$2,775,480
52$3,368,930$1,636,108$1,302,635$2,988,690
53$3,675,235$1,678,951$1,308,948$3,221,851
54$4,011,608$1,722,718$1,314,296$3,476,958
55$4,381,078$1,767,417$1,318,611$3,756,207
56$4,786,982$1,813,056$1,321,819$4,062,017
57$5,232,999$1,859,640$1,323,844$4,397,053
58$5,723,178$1,907,175$1,324,606$4,764,254
59$6,261,983$1,955,667$1,324,021$5,166,853
60$6,854,329$2,005,119$1,322,000$5,608,417
61$7,505,634$2,055,533$1,318,450$6,092,872
62$8,221,865$2,106,911$1,313,275$6,624,548
63$9,009,597$2,159,252$1,306,371$7,208,211
64$9,876,075$2,212,554$1,297,634$7,849,117
65$10,829,280$2,266,814$1,286,949$8,553,055
66$11,878,006$2,322,027$1,274,201$9,326,404
67$13,031,942$2,378,186$1,259,267$10,176,194
68$14,301,764$2,435,281$1,242,017$11,110,170
69$15,699,236$2,493,302$1,222,316$12,136,868
70$17,237,320$2,552,235$1,200,025$13,265,692
71$18,930,295$2,612,064$1,174,995$14,507,007
72$20,793,900$2,672,769$1,147,072$15,872,233
73$22,845,472$2,734,330$1,116,093$17,373,956
74$25,104,119$2,796,720$1,081,891$19,026,043
75$27,590,892$2,859,913$1,044,288$20,843,776
76$30,328,990$2,923,876$1,003,098$22,843,997
77$33,343,975$2,988,573$958,130$25,045,263
78$36,664,013$3,053,966$909,180$27,468,024
79$40,320,142$3,120,010$856,037$30,134,818
80$44,346,563$3,186,657$798,481$33,070,479
81$48,780,963$3,253,853$736,280$36,302,375
82$53,664,869$3,321,540$669,193$39,860,664
83$59,044,043$3,389,654$596,969$43,778,584
84$64,968,912$3,458,123$519,344$48,092,758
85$71,495,043$3,526,873$436,044$52,843,548
86$78,683,667$3,595,819$346,781$58,075,433
87$86,602,258$3,664,872$251,256$63,837,429
88$95,325,171$3,733,933$149,155$70,183,550
89$104,934,340$3,802,897$40,153$77,173,323
90$115,520,053$3,871,649$0$84,872,346
91$127,181,805$3,940,066$0$93,363,473
92$140,029,234$4,008,015$0$102,722,434
93$154,183,161$4,075,352$0$113,031,495
94$169,776,722$4,141,924$0$124,387,456
95$186,956,634$4,207,564$0$136,896,989
96$205,884,571$4,272,095$0$150,677,645
97$226,738,696$4,335,326$0$165,858,963
98$249,715,340$4,397,054$0$182,583,692
99$275,030,854$4,457,059$0$201,009,142
100$302,923,653$4,515,108$0$221,308,664