Can I retire at age 40 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$95,792$94,938$94,106$93,293$92,500$89,112
2 years$47,422$46,538$45,683$44,853$44,048$40,672
3 years$31,300$30,413$29,560$28,738$27,946$24,688
4 years$23,241$22,357$21,512$20,704$19,931$16,817
5 years$18,407$17,528$16,694$15,902$15,151$12,189
6 years$15,185$14,313$13,491$12,717$11,989$9,180
7 years$12,885$12,020$11,211$10,456$9,750$7,094
8 years$11,161$10,303$9,508$8,771$8,089$5,583
9 years$9,820$8,971$8,189$7,471$6,812$4,454
10 years$8,748$7,908$7,140$6,440$5,804$3,589
11 years$7,872$7,040$6,286$5,605$4,992$2,915
12 years$7,142$6,318$5,578$4,916$4,326$2,382
13 years$6,525$5,710$4,984$4,340$3,772$1,956
14 years$5,997$5,190$4,478$3,853$3,307$1,613
15 years$5,539$4,741$4,043$3,436$2,911$1,334
16 years$5,139$4,350$3,666$3,077$2,573$1,106
17 years$4,787$4,006$3,336$2,764$2,281$919
18 years$4,474$3,702$3,045$2,491$2,029$765
19 years$4,194$3,431$2,788$2,251$1,808$638
20 years$3,942$3,188$2,558$2,039$1,615$532
21 years$3,715$2,970$2,353$1,850$1,445$445
22 years$3,509$2,772$2,169$1,682$1,295$372
23 years$3,321$2,593$2,002$1,532$1,163$311
24 years$3,149$2,429$1,852$1,397$1,045$260
25 years$2,991$2,280$1,715$1,276$941$218
26 years$2,845$2,143$1,591$1,167$847$183
27 years$2,710$2,016$1,477$1,068$764$153
28 years$2,585$1,900$1,373$979$689$128
29 years$2,469$1,792$1,278$897$622$108
30 years$2,361$1,693$1,190$824$562$90
31 years$2,260$1,600$1,110$756$508$76
32 years$2,166$1,514$1,035$695$460$64
33 years$2,077$1,434$967$639$416$53
34 years$1,994$1,359$903$588$377$45
35 years$1,916$1,289$844$541$341$38
36 years$1,842$1,223$790$499$309$32
37 years$1,773$1,162$739$459$280$26
38 years$1,707$1,104$692$423$254$22
39 years$1,645$1,050$649$390$230$19
40 years$1,586$999$608$360$209$16
41 years$1,530$951$570$332$190$13
42 years$1,477$906$535$307$172$11
43 years$1,426$863$502$283$156$9
44 years$1,378$823$471$261$142$8
45 years$1,332$784$442$241$129$7
46 years$1,289$748$415$223$117$5
47 years$1,247$714$390$206$106$5
48 years$1,207$682$367$190$96$4
49 years$1,169$651$345$176$87$3
50 years$1,133$622$324$163$79$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,160,000, adding $3,759 every year, while hoping to spend $44,421 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: 77/15/8 Blend
39$1,160,000$1,160,000$1,160,000$1,160,000
40$1,282,197$1,220,717$1,202,737$1,379,175
41$1,365,718$1,233,269$1,195,766$1,455,973
42$1,456,269$1,244,947$1,187,071$1,534,060
43$1,554,520$1,255,661$1,176,550$1,618,382
44$1,661,209$1,265,316$1,164,092$1,709,541
45$1,777,146$1,273,811$1,149,583$1,808,200
46$1,903,223$1,281,036$1,132,903$1,915,089
47$2,040,422$1,286,876$1,113,925$2,031,011
48$2,189,822$1,291,210$1,092,518$2,156,854
49$2,352,610$1,293,906$1,068,544$2,293,592
50$2,530,095$1,294,826$1,041,859$2,442,303
51$2,723,716$1,293,823$1,012,312$2,604,171
52$2,935,055$1,290,741$979,745$2,780,503
53$3,165,857$1,285,413$943,992$2,972,739
54$3,418,040$1,277,665$904,882$3,182,465
55$3,693,719$1,267,309$862,234$3,411,431
56$3,995,218$1,254,146$815,859$3,661,563
57$4,325,099$1,237,969$765,559$3,934,986
58$4,686,183$1,218,553$711,129$4,234,042
59$5,081,575$1,195,663$652,353$4,561,310
60$5,514,695$1,169,050$589,006$4,919,635
61$5,989,310$1,138,450$520,854$5,312,152
62$6,509,567$1,103,581$447,650$5,742,317
63$7,080,034$1,064,148$369,138$6,213,938
64$7,705,744$1,019,838$285,050$6,731,214
65$8,392,238$970,318$195,107$7,298,772
66$9,145,620$915,237$99,017$7,921,713
67$9,972,615$854,225$0$8,605,659
68$10,880,628$786,889$0$9,357,108
69$11,877,819$712,813$0$10,191,629
70$12,973,176$631,560$0$11,108,319
71$14,176,599$542,666$0$12,115,506
72$15,498,997$445,641$0$13,222,368
73$16,952,385$339,968$0$14,439,022
74$18,550,002$225,101$0$15,776,613
75$20,306,433$100,462$0$17,247,428
76$22,237,747$0$0$18,865,004
77$24,361,646$0$0$20,649,968
78$26,697,637$0$0$22,631,460
79$29,267,207$0$0$24,811,134
80$32,094,036$0$0$27,209,078
81$35,204,211$0$0$29,847,431
82$38,626,477$0$0$32,750,580
83$42,392,504$0$0$35,945,400
84$46,537,188$0$0$39,461,501
85$51,098,981$0$0$43,331,509
86$56,120,248$0$0$47,591,373
87$61,647,675$0$0$52,280,705
88$67,732,698$0$0$57,443,151
89$74,431,998$0$0$63,126,806
90$81,808,029$0$0$69,384,665
91$89,929,610$0$0$76,275,121
92$98,872,574$0$0$83,862,520
93$108,720,479$0$0$92,217,764
94$119,565,402$0$0$101,418,984
95$131,508,803$0$0$111,552,271
96$144,662,484$0$0$122,712,492
97$159,149,644$0$0$135,004,185
98$175,106,040$0$0$148,542,545
99$192,681,266$0$0$163,454,506
100$212,040,170$0$0$179,879,948