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%15.2%
1 years$95,792$94,938$94,106$93,293$92,500$90,521
2 years$47,422$46,538$45,683$44,853$44,048$42,064
3 years$31,300$30,413$29,560$28,738$27,946$26,019
4 years$23,241$22,357$21,512$20,704$19,931$18,076
5 years$18,407$17,528$16,694$15,902$15,151$13,373
6 years$15,185$14,313$13,491$12,717$11,989$10,289
7 years$12,885$12,020$11,211$10,456$9,750$8,129
8 years$11,161$10,303$9,508$8,771$8,089$6,546
9 years$9,820$8,971$8,189$7,471$6,812$5,347
10 years$8,748$7,908$7,140$6,440$5,804$4,415
11 years$7,872$7,040$6,286$5,605$4,992$3,677
12 years$7,142$6,318$5,578$4,916$4,326$3,083
13 years$6,525$5,710$4,984$4,340$3,772$2,599
14 years$5,997$5,190$4,478$3,853$3,307$2,201
15 years$5,539$4,741$4,043$3,436$2,911$1,872
16 years$5,139$4,350$3,666$3,077$2,573$1,596
17 years$4,787$4,006$3,336$2,764$2,281$1,364
18 years$4,474$3,702$3,045$2,491$2,029$1,169
19 years$4,194$3,431$2,788$2,251$1,808$1,004
20 years$3,942$3,188$2,558$2,039$1,615$863
21 years$3,715$2,970$2,353$1,850$1,445$743
22 years$3,509$2,772$2,169$1,682$1,295$640
23 years$3,321$2,593$2,002$1,532$1,163$552
24 years$3,149$2,429$1,852$1,397$1,045$477
25 years$2,991$2,280$1,715$1,276$941$412
26 years$2,845$2,143$1,591$1,167$847$356
27 years$2,710$2,016$1,477$1,068$764$308
28 years$2,585$1,900$1,373$979$689$267
29 years$2,469$1,792$1,278$897$622$231
30 years$2,361$1,693$1,190$824$562$200
31 years$2,260$1,600$1,110$756$508$173
32 years$2,166$1,514$1,035$695$460$150
33 years$2,077$1,434$967$639$416$130
34 years$1,994$1,359$903$588$377$113
35 years$1,916$1,289$844$541$341$98
36 years$1,842$1,223$790$499$309$85
37 years$1,773$1,162$739$459$280$74
38 years$1,707$1,104$692$423$254$64
39 years$1,645$1,050$649$390$230$55
40 years$1,586$999$608$360$209$48
41 years$1,530$951$570$332$190$42
42 years$1,477$906$535$307$172$36
43 years$1,426$863$502$283$156$31
44 years$1,378$823$471$261$142$27
45 years$1,332$784$442$241$129$24
46 years$1,289$748$415$223$117$21
47 years$1,247$714$390$206$106$18
48 years$1,207$682$367$190$96$15
49 years$1,169$651$345$176$87$13
50 years$1,133$622$324$163$79$12

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 $6,246 every year, while hoping to spend $34,895 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: 46/28/26 Blend
39$1,160,000$1,160,000$1,160,000$1,160,000
40$1,284,763$1,223,283$1,205,303$1,334,005
41$1,378,681$1,246,096$1,208,552$1,392,209
42$1,481,008$1,268,857$1,210,741$1,451,436
43$1,592,567$1,291,527$1,211,797$1,515,013
44$1,714,261$1,314,063$1,211,644$1,583,367
45$1,847,084$1,336,421$1,210,202$1,656,966
46$1,992,130$1,358,549$1,207,388$1,736,328
47$2,150,606$1,380,397$1,203,114$1,822,026
48$2,323,838$1,401,906$1,197,288$1,914,690
49$2,513,286$1,423,016$1,189,814$2,015,018
50$2,720,559$1,443,661$1,180,591$2,123,778
51$2,947,427$1,463,772$1,169,512$2,241,820
52$3,195,841$1,483,274$1,156,467$2,370,079
53$3,467,949$1,502,086$1,141,341$2,509,591
54$3,766,115$1,520,123$1,124,011$2,661,496
55$4,092,943$1,537,294$1,104,350$2,827,053
56$4,451,303$1,553,501$1,082,225$3,007,653
57$4,844,352$1,568,639$1,057,496$3,204,829
58$5,275,572$1,582,598$1,030,018$3,420,273
59$5,748,795$1,595,260$999,638$3,655,852
60$6,268,243$1,606,499$966,197$3,913,627
61$6,838,566$1,616,179$929,527$4,195,871
62$7,464,887$1,624,160$889,453$4,505,092
63$8,152,850$1,630,288$845,795$4,844,059
64$8,908,672$1,634,403$798,359$5,215,822
65$9,739,200$1,636,332$746,948$5,623,751
66$10,651,980$1,635,894$691,353$6,071,561
67$11,655,325$1,632,896$631,356$6,563,350
68$12,758,391$1,627,130$566,729$7,103,639
69$13,971,268$1,618,381$497,235$7,697,414
70$15,305,071$1,606,415$422,627$8,350,176
71$16,772,047$1,590,989$342,644$9,067,992
72$18,385,689$1,571,841$257,016$9,857,552
73$20,160,865$1,548,696$165,461$10,726,236
74$22,113,952$1,521,261$67,683$11,682,182
75$24,263,000$1,489,228$0$12,734,366
76$26,627,894$1,452,268$0$13,902,856
77$29,230,544$1,410,034$0$15,209,096
78$32,095,093$1,362,159$0$16,646,419
79$35,248,141$1,308,253$0$18,228,195
80$38,718,999$1,247,906$0$19,969,159
81$42,539,965$1,180,681$0$21,885,557
82$46,746,626$1,106,119$0$23,995,290
83$51,378,195$1,023,731$0$26,318,095
84$56,477,881$933,005$0$28,875,722
85$62,093,297$833,394$0$31,692,146
86$68,276,908$724,325$0$34,793,794
87$75,086,525$605,190$0$38,209,791
88$82,585,853$475,346$0$41,972,242
89$90,845,088$334,116$0$46,116,529
90$99,941,582$180,783$0$50,681,654
91$109,960,573$14,591$0$55,710,601
92$120,995,986$0$0$61,250,748
93$133,151,325$0$0$67,405,232
94$146,540,640$0$0$74,189,651
95$161,289,615$0$0$81,663,217
96$177,536,742$0$0$89,896,133
97$195,434,637$0$0$98,965,759
98$215,151,476$0$0$108,957,344
99$236,872,581$0$0$119,964,829
100$260,802,172$0$0$132,091,732