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

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$95,792$94,938$94,106$93,293$92,500$91,840
2 years$47,422$46,538$45,683$44,853$44,048$43,382
3 years$31,300$30,413$29,560$28,738$27,946$27,295
4 years$23,241$22,357$21,512$20,704$19,931$19,301
5 years$18,407$17,528$16,694$15,902$15,151$14,543
6 years$15,185$14,313$13,491$12,717$11,989$11,403
7 years$12,885$12,020$11,211$10,456$9,750$9,187
8 years$11,161$10,303$9,508$8,771$8,089$7,549
9 years$9,820$8,971$8,189$7,471$6,812$6,295
10 years$8,748$7,908$7,140$6,440$5,804$5,310
11 years$7,872$7,040$6,286$5,605$4,992$4,520
12 years$7,142$6,318$5,578$4,916$4,326$3,876
13 years$6,525$5,710$4,984$4,340$3,772$3,343
14 years$5,997$5,190$4,478$3,853$3,307$2,899
15 years$5,539$4,741$4,043$3,436$2,911$2,524
16 years$5,139$4,350$3,666$3,077$2,573$2,205
17 years$4,787$4,006$3,336$2,764$2,281$1,933
18 years$4,474$3,702$3,045$2,491$2,029$1,698
19 years$4,194$3,431$2,788$2,251$1,808$1,496
20 years$3,942$3,188$2,558$2,039$1,615$1,320
21 years$3,715$2,970$2,353$1,850$1,445$1,166
22 years$3,509$2,772$2,169$1,682$1,295$1,033
23 years$3,321$2,593$2,002$1,532$1,163$915
24 years$3,149$2,429$1,852$1,397$1,045$812
25 years$2,991$2,280$1,715$1,276$941$721
26 years$2,845$2,143$1,591$1,167$847$641
27 years$2,710$2,016$1,477$1,068$764$570
28 years$2,585$1,900$1,373$979$689$508
29 years$2,469$1,792$1,278$897$622$452
30 years$2,361$1,693$1,190$824$562$403
31 years$2,260$1,600$1,110$756$508$360
32 years$2,166$1,514$1,035$695$460$321
33 years$2,077$1,434$967$639$416$286
34 years$1,994$1,359$903$588$377$256
35 years$1,916$1,289$844$541$341$228
36 years$1,842$1,223$790$499$309$204
37 years$1,773$1,162$739$459$280$182
38 years$1,707$1,104$692$423$254$163
39 years$1,645$1,050$649$390$230$146
40 years$1,586$999$608$360$209$130
41 years$1,530$951$570$332$190$116
42 years$1,477$906$535$307$172$104
43 years$1,426$863$502$283$156$93
44 years$1,378$823$471$261$142$83
45 years$1,332$784$442$241$129$74
46 years$1,289$748$415$223$117$67
47 years$1,247$714$390$206$106$60
48 years$1,207$682$367$190$96$53
49 years$1,169$651$345$176$87$48
50 years$1,133$622$324$163$79$43

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 $4,163 every year, while hoping to spend $46,990 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: 78/13/9 Blend
39$1,160,000$1,160,000$1,160,000$1,160,000
40$1,282,614$1,221,134$1,203,154$1,380,539
41$1,363,444$1,230,973$1,193,463$1,455,286
42$1,450,943$1,239,718$1,181,872$1,530,752
43$1,545,743$1,247,268$1,168,268$1,612,147
44$1,648,537$1,253,512$1,152,533$1,700,041
45$1,760,087$1,258,334$1,134,542$1,795,063
46$1,881,232$1,261,609$1,114,166$1,897,905
47$2,012,895$1,263,205$1,091,268$2,009,328
48$2,156,091$1,262,982$1,065,706$2,130,174
49$2,311,936$1,260,792$1,037,331$2,261,368
50$2,481,659$1,256,476$1,005,987$2,403,931
51$2,666,611$1,249,867$971,510$2,558,986
52$2,868,281$1,240,786$933,732$2,727,772
53$3,088,306$1,229,045$892,472$2,911,655
54$3,328,489$1,214,444$847,545$3,112,139
55$3,590,813$1,196,770$798,757$3,330,884
56$3,877,464$1,175,799$745,902$3,569,718
57$4,190,844$1,151,293$688,770$3,830,654
58$4,533,603$1,122,999$627,136$4,115,915
59$4,908,655$1,090,650$560,770$4,427,947
60$5,319,210$1,053,964$489,427$4,769,450
61$5,768,802$1,012,641$412,856$5,143,396
62$6,261,325$966,365$330,792$5,553,066
63$6,801,064$914,801$242,957$6,002,071
64$7,392,740$857,594$149,064$6,494,395
65$8,041,554$794,370$48,812$7,034,428
66$8,753,231$724,733$0$7,627,010
67$9,534,080$648,264$0$8,283,062
68$10,391,048$564,521$0$9,008,243
69$11,331,788$473,036$0$9,804,375
70$12,364,730$373,315$0$10,678,636
71$13,499,161$264,836$0$11,638,939
72$14,745,311$147,048$0$12,694,001
73$16,114,449$19,370$0$13,853,429
74$17,618,991$0$0$15,127,811
75$19,272,613$0$0$16,545,812
76$21,090,383$0$0$18,107,660
77$23,088,903$0$0$19,824,853
78$25,286,463$0$0$21,713,111
79$27,703,211$0$0$23,789,755
80$30,361,350$0$0$26,073,866
81$33,285,341$0$0$28,586,470
82$36,502,133$0$0$31,350,731
83$40,041,420$0$0$34,392,172
84$43,935,922$0$0$37,738,916
85$48,221,686$0$0$41,421,949
86$52,938,434$0$0$45,475,411
87$58,129,931$0$0$49,936,921
88$63,844,402$0$0$54,847,930
89$70,134,984$0$0$60,254,113
90$77,060,226$0$0$66,205,793
91$84,684,644$0$0$72,758,427
92$93,079,327$0$0$79,973,119
93$102,322,609$0$0$87,917,198
94$112,500,805$0$0$96,664,859
95$123,709,028$0$0$106,297,854
96$136,052,083$0$0$116,906,271
97$149,645,460$0$0$128,589,375
98$164,616,416$0$0$141,456,555
99$181,105,185$0$0$155,628,345
100$199,266,291$0$0$171,237,569