Can I retire at age 40 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$94,140$93,302$92,483$91,685$90,905$89,658
2 years$46,604$45,736$44,895$44,079$43,288$42,034
3 years$30,761$29,889$29,050$28,242$27,464$26,241
4 years$22,841$21,972$21,141$20,347$19,587$18,406
5 years$18,090$17,226$16,406$15,628$14,890$13,753
6 years$14,924$14,066$13,259$12,498$11,782$10,691
7 years$12,663$11,813$11,018$10,275$9,582$8,538
8 years$10,968$10,126$9,344$8,620$7,949$6,951
9 years$9,651$8,816$8,048$7,342$6,694$5,742
10 years$8,597$7,771$7,017$6,329$5,704$4,797
11 years$7,736$6,918$6,177$5,508$4,906$4,043
12 years$7,019$6,209$5,482$4,831$4,251$3,432
13 years$6,413$5,612$4,898$4,265$3,707$2,930
14 years$5,893$5,101$4,401$3,786$3,250$2,514
15 years$5,444$4,660$3,973$3,377$2,861$2,165
16 years$5,051$4,275$3,602$3,023$2,529$1,871
17 years$4,704$3,937$3,278$2,717$2,242$1,621
18 years$4,397$3,638$2,992$2,448$1,994$1,409
19 years$4,122$3,372$2,739$2,212$1,777$1,226
20 years$3,874$3,133$2,514$2,004$1,587$1,069
21 years$3,651$2,918$2,313$1,818$1,420$934
22 years$3,448$2,724$2,131$1,653$1,273$817
23 years$3,264$2,548$1,968$1,506$1,143$715
24 years$3,094$2,387$1,820$1,373$1,027$627
25 years$2,939$2,240$1,686$1,254$924$550
26 years$2,796$2,106$1,563$1,147$833$483
27 years$2,664$1,982$1,452$1,050$751$424
28 years$2,541$1,867$1,350$962$677$373
29 years$2,427$1,762$1,256$882$612$328
30 years$2,321$1,664$1,170$809$553$288
31 years$2,221$1,573$1,091$743$500$254
32 years$2,129$1,488$1,018$683$452$223
33 years$2,042$1,409$950$628$409$197
34 years$1,960$1,336$888$578$370$173
35 years$1,883$1,267$830$532$335$153
36 years$1,811$1,202$776$490$304$135
37 years$1,742$1,142$727$451$275$119
38 years$1,678$1,085$681$416$250$105
39 years$1,616$1,032$638$384$226$92
40 years$1,559$982$598$354$205$81
41 years$1,504$935$560$327$186$72
42 years$1,451$890$526$301$169$63
43 years$1,402$848$493$278$153$56
44 years$1,354$808$463$257$139$49
45 years$1,309$771$435$237$126$43
46 years$1,267$735$408$219$115$38
47 years$1,226$702$384$202$104$34
48 years$1,186$670$360$187$95$30
49 years$1,149$640$339$173$86$26
50 years$1,113$611$319$160$78$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,140,000, adding $5,422 every year, while hoping to spend $50,446 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: 71/12/17 Blend
39$1,140,000$1,140,000$1,140,000$1,140,000
40$1,261,873$1,201,453$1,183,783$1,346,068
41$1,336,910$1,206,650$1,169,765$1,407,948
42$1,417,910$1,210,411$1,153,588$1,469,097
43$1,505,427$1,212,612$1,135,124$1,534,753
44$1,600,073$1,213,122$1,114,243$1,605,352
45$1,702,517$1,211,802$1,090,806$1,681,378
46$1,813,497$1,208,503$1,064,671$1,763,364
47$1,933,821$1,203,067$1,035,686$1,851,898
48$2,064,383$1,195,329$1,003,693$1,947,628
49$2,206,161$1,185,112$968,528$2,051,270
50$2,360,234$1,172,226$930,017$2,163,613
51$2,527,786$1,156,474$887,982$2,285,529
52$2,710,124$1,137,645$842,233$2,417,979
53$2,908,682$1,115,515$792,573$2,562,024
54$3,125,040$1,089,848$738,797$2,718,834
55$3,360,936$1,060,392$680,688$2,889,699
56$3,618,284$1,026,883$618,023$3,076,044
57$3,899,188$989,040$550,567$3,279,440
58$4,205,968$946,566$478,073$3,501,621
59$4,541,175$899,146$400,287$3,744,498
60$4,907,618$846,447$316,940$4,010,181
61$5,308,391$788,119$227,753$4,300,998
62$5,746,898$723,788$132,435$4,619,514
63$6,226,891$653,063$30,680$4,968,561
64$6,752,498$575,527$0$5,351,263
65$7,328,266$490,741$0$5,785,195
66$7,959,203$398,242$0$6,266,883
67$8,650,825$297,539$0$6,795,009
68$9,409,206$188,114$0$7,374,260
69$10,241,035$69,422$0$8,009,800
70$11,153,682$0$0$8,707,323
71$12,155,262$0$0$9,480,909
72$13,254,717$0$0$10,340,211
73$14,461,894$0$0$11,283,769
74$15,787,642$0$0$12,320,068
75$17,243,911$0$0$13,458,458
76$18,843,866$0$0$14,709,239
77$20,602,011$0$0$16,083,758
78$22,534,323$0$0$17,594,514
79$24,658,404$0$0$19,255,278
80$26,993,647$0$0$21,081,224
81$29,561,418$0$0$23,089,066
82$32,385,255$0$0$25,297,220
83$35,491,094$0$0$27,725,979
84$38,907,508$0$0$30,397,696
85$42,665,981$0$0$33,337,005
86$46,801,200$0$0$36,571,043
87$51,351,385$0$0$40,129,714
88$56,358,648$0$0$44,045,964
89$61,869,388$0$0$48,356,097
90$67,934,732$0$0$53,100,113
91$74,611,013$0$0$58,322,087
92$81,960,303$0$0$64,070,584
93$90,050,998$0$0$70,399,117
94$98,958,462$0$0$77,366,650
95$108,765,739$0$0$85,038,156
96$119,564,334$0$0$93,485,229
97$131,455,077$0$0$102,786,758
98$144,549,073$0$0$113,029,674
99$158,968,754$0$0$124,309,766
100$174,849,025$0$0$136,732,585