Can I retire at age 40 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$96,618$95,757$94,917$94,098$93,297$91,190
2 years$47,830$46,940$46,076$45,239$44,427$42,316
3 years$31,570$30,676$29,814$28,985$28,187$26,136
4 years$23,442$22,550$21,697$20,882$20,103$18,130
5 years$18,566$17,679$16,838$16,040$15,282$13,392
6 years$15,316$14,436$13,608$12,827$12,092$10,287
7 years$12,996$12,124$11,308$10,546$9,834$8,114
8 years$11,257$10,392$9,590$8,847$8,158$6,522
9 years$9,905$9,048$8,260$7,535$6,870$5,318
10 years$8,824$7,976$7,201$6,496$5,854$4,383
11 years$7,940$7,100$6,340$5,653$5,035$3,643
12 years$7,204$6,373$5,626$4,958$4,363$3,049
13 years$6,581$5,759$5,027$4,378$3,805$2,565
14 years$6,048$5,235$4,517$3,886$3,335$2,168
15 years$5,587$4,782$4,078$3,466$2,936$1,839
16 years$5,184$4,388$3,697$3,103$2,595$1,565
17 years$4,828$4,041$3,364$2,788$2,301$1,335
18 years$4,512$3,734$3,071$2,513$2,046$1,142
19 years$4,230$3,461$2,812$2,270$1,824$978
20 years$3,976$3,216$2,580$2,056$1,629$839
21 years$3,747$2,995$2,373$1,866$1,458$721
22 years$3,539$2,796$2,187$1,697$1,307$620
23 years$3,350$2,615$2,020$1,545$1,173$533
24 years$3,176$2,450$1,868$1,409$1,054$459
25 years$3,016$2,299$1,730$1,287$949$396
26 years$2,869$2,161$1,605$1,177$855$342
27 years$2,734$2,034$1,490$1,077$770$295
28 years$2,608$1,916$1,385$987$695$255
29 years$2,491$1,808$1,289$905$628$220
30 years$2,382$1,707$1,201$831$567$190
31 years$2,280$1,614$1,119$763$513$164
32 years$2,185$1,527$1,044$701$464$142
33 years$2,095$1,446$975$645$420$123
34 years$2,011$1,371$911$593$380$106
35 years$1,933$1,300$852$546$344$92
36 years$1,858$1,234$797$503$312$79
37 years$1,788$1,172$746$463$283$69
38 years$1,722$1,114$698$427$256$59
39 years$1,659$1,059$654$394$232$51
40 years$1,600$1,008$613$363$211$45
41 years$1,543$959$575$335$191$39
42 years$1,490$914$539$309$174$33
43 years$1,439$870$506$286$157$29
44 years$1,390$830$475$264$143$25
45 years$1,344$791$446$243$130$22
46 years$1,300$755$419$225$118$19
47 years$1,258$720$394$208$107$16
48 years$1,218$688$370$192$97$14
49 years$1,179$657$348$177$88$12
50 years$1,142$627$327$164$80$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,170,000, adding $5,427 every year, while hoping to spend $36,632 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: 64/14/22 Blend
39$1,170,000$1,170,000$1,170,000$1,170,000
40$1,294,938$1,232,928$1,214,793$1,370,124
41$1,388,045$1,254,365$1,216,512$1,442,874
42$1,489,422$1,275,625$1,217,062$1,517,718
43$1,599,873$1,296,661$1,216,363$1,598,648
44$1,720,283$1,317,420$1,214,334$1,686,262
45$1,851,628$1,337,850$1,210,890$1,781,221
46$1,994,980$1,357,890$1,205,941$1,884,253
47$2,151,520$1,377,479$1,199,393$1,996,160
48$2,322,549$1,396,549$1,191,146$2,117,826
49$2,509,497$1,415,028$1,181,097$2,250,227
50$2,713,940$1,432,839$1,169,138$2,394,438
51$2,937,613$1,449,899$1,155,156$2,551,646
52$3,182,427$1,466,122$1,139,031$2,723,157
53$3,450,485$1,481,412$1,120,639$2,910,414
54$3,744,104$1,495,670$1,099,849$3,115,006
55$4,065,834$1,508,790$1,076,526$3,338,686
56$4,418,485$1,520,657$1,050,526$3,583,386
57$4,805,152$1,531,150$1,021,700$3,851,236
58$5,229,242$1,540,141$989,891$4,144,587
59$5,694,510$1,547,493$954,937$4,466,028
60$6,205,088$1,553,059$916,666$4,818,416
61$6,765,533$1,556,685$874,901$5,204,899
62$7,380,860$1,558,205$829,453$5,628,948
63$8,056,596$1,557,445$780,127$6,094,391
64$8,798,828$1,554,219$726,720$6,605,449
65$9,614,262$1,548,329$669,019$7,166,772
66$10,510,285$1,539,566$606,800$7,783,492
67$11,495,037$1,527,708$539,831$8,461,261
68$12,577,484$1,512,519$467,868$9,206,316
69$13,767,505$1,493,749$390,659$10,025,527
70$15,075,981$1,471,133$307,937$10,926,472
71$16,514,904$1,444,392$219,425$11,917,503
72$18,097,484$1,413,227$124,836$13,007,829
73$19,838,276$1,377,324$23,867$14,207,600
74$21,753,317$1,336,349$0$15,528,006
75$23,860,275$1,289,950$0$17,001,074
76$26,178,618$1,237,753$0$18,627,969
77$28,729,798$1,179,363$0$20,418,152
78$31,537,448$1,114,363$0$22,388,231
79$34,627,610$1,042,310$0$24,556,507
80$38,028,980$962,736$0$26,943,149
81$41,773,173$875,148$0$29,570,382
82$45,895,030$779,022$0$32,462,700
83$50,432,937$673,809$0$35,647,096
84$55,429,194$558,922$0$39,153,316
85$60,930,410$433,748$0$43,014,142
86$66,987,944$297,634$0$47,265,700
87$73,658,390$149,894$0$51,947,802
88$81,004,108$0$0$57,104,322
89$89,093,816$0$0$62,785,185
90$98,003,233$0$0$69,067,215
91$107,815,798$0$0$75,986,167
92$118,623,457$0$0$83,606,887
93$130,527,526$0$0$92,000,829
94$143,639,651$0$0$101,246,733
95$158,082,860$0$0$111,431,367
96$173,992,723$0$0$122,650,344
97$191,518,632$0$0$135,009,025
98$210,825,212$0$0$148,623,515
99$232,093,871$0$0$163,621,755
100$255,524,514$0$0$180,144,732