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%14.3%
1 years$96,618$95,757$94,917$94,098$93,297$91,639
2 years$47,830$46,940$46,076$45,239$44,427$42,762
3 years$31,570$30,676$29,814$28,985$28,187$26,566
4 years$23,442$22,550$21,697$20,882$20,103$18,540
5 years$18,566$17,679$16,838$16,040$15,282$13,781
6 years$15,316$14,436$13,608$12,827$12,092$10,655
7 years$12,996$12,124$11,308$10,546$9,834$8,461
8 years$11,257$10,392$9,590$8,847$8,158$6,849
9 years$9,905$9,048$8,260$7,535$6,870$5,625
10 years$8,824$7,976$7,201$6,496$5,854$4,670
11 years$7,940$7,100$6,340$5,653$5,035$3,912
12 years$7,204$6,373$5,626$4,958$4,363$3,299
13 years$6,581$5,759$5,027$4,378$3,805$2,798
14 years$6,048$5,235$4,517$3,886$3,335$2,384
15 years$5,587$4,782$4,078$3,466$2,936$2,040
16 years$5,184$4,388$3,697$3,103$2,595$1,750
17 years$4,828$4,041$3,364$2,788$2,301$1,506
18 years$4,512$3,734$3,071$2,513$2,046$1,299
19 years$4,230$3,461$2,812$2,270$1,824$1,123
20 years$3,976$3,216$2,580$2,056$1,629$972
21 years$3,747$2,995$2,373$1,866$1,458$842
22 years$3,539$2,796$2,187$1,697$1,307$731
23 years$3,350$2,615$2,020$1,545$1,173$635
24 years$3,176$2,450$1,868$1,409$1,054$552
25 years$3,016$2,299$1,730$1,287$949$481
26 years$2,869$2,161$1,605$1,177$855$419
27 years$2,734$2,034$1,490$1,077$770$365
28 years$2,608$1,916$1,385$987$695$318
29 years$2,491$1,808$1,289$905$628$277
30 years$2,382$1,707$1,201$831$567$242
31 years$2,280$1,614$1,119$763$513$211
32 years$2,185$1,527$1,044$701$464$185
33 years$2,095$1,446$975$645$420$161
34 years$2,011$1,371$911$593$380$141
35 years$1,933$1,300$852$546$344$123
36 years$1,858$1,234$797$503$312$107
37 years$1,788$1,172$746$463$283$94
38 years$1,722$1,114$698$427$256$82
39 years$1,659$1,059$654$394$232$72
40 years$1,600$1,008$613$363$211$63
41 years$1,543$959$575$335$191$55
42 years$1,490$914$539$309$174$48
43 years$1,439$870$506$286$157$42
44 years$1,390$830$475$264$143$37
45 years$1,344$791$446$243$130$32
46 years$1,300$755$419$225$118$28
47 years$1,258$720$394$208$107$25
48 years$1,218$688$370$192$97$21
49 years$1,179$657$348$177$88$19
50 years$1,142$627$327$164$80$16

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 $5,797 every year, while hoping to spend $53,172 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: 47/47/6 Blend
39$1,170,000$1,170,000$1,170,000$1,170,000
40$1,295,320$1,233,310$1,215,175$1,353,873
41$1,370,868$1,237,167$1,199,308$1,398,486
42$1,452,339$1,239,432$1,181,128$1,440,802
43$1,540,283$1,239,969$1,160,501$1,485,472
44$1,635,301$1,238,636$1,137,287$1,532,727
45$1,738,055$1,235,283$1,111,339$1,582,828
46$1,849,272$1,229,747$1,082,505$1,636,061
47$1,969,752$1,221,859$1,050,623$1,692,749
48$2,100,375$1,211,438$1,015,527$1,753,246
49$2,242,107$1,198,292$977,041$1,817,949
50$2,396,011$1,182,219$934,982$1,887,296
51$2,563,259$1,163,001$889,157$1,961,775
52$2,745,135$1,140,412$839,368$2,041,929
53$2,943,056$1,114,209$785,404$2,128,358
54$3,158,579$1,084,137$727,047$2,221,730
55$3,393,419$1,049,925$664,067$2,322,784
56$3,649,461$1,011,284$596,227$2,432,342
57$3,928,781$967,913$523,276$2,551,313
58$4,233,666$919,489$444,955$2,680,708
59$4,566,629$865,674$360,990$2,821,643
60$4,930,440$806,106$271,098$2,975,360
61$5,328,147$740,408$174,982$3,143,232
62$5,763,107$668,177$72,333$3,326,779
63$6,239,014$588,988$0$3,527,687
64$6,759,938$502,393$0$3,750,204
65$7,330,360$407,918$0$3,999,109
66$7,955,213$305,063$0$4,272,076
67$8,639,932$193,297$0$4,571,658
68$9,390,500$72,064$0$4,900,679
69$10,213,510$0$0$5,262,264
70$11,116,219$0$0$5,690,495
71$12,106,624$0$0$6,201,354
72$13,193,532$0$0$6,762,128
73$14,386,643$0$0$7,377,841
74$15,696,644$0$0$8,054,026
75$17,135,305$0$0$8,796,775
76$18,715,595$0$0$9,612,805
77$20,451,797$0$0$10,509,510
78$22,359,650$0$0$11,495,039
79$24,456,489$0$0$12,578,370
80$26,761,415$0$0$13,769,391
81$29,295,469$0$0$15,079,000
82$32,081,835$0$0$16,519,200
83$35,146,055$0$0$18,103,218
84$38,516,269$0$0$19,845,626
85$42,223,483$0$0$21,762,480
86$46,301,857$0$0$23,871,471
87$50,789,029$0$0$26,192,088
88$55,726,472$0$0$28,745,809
89$61,159,877$0$0$31,556,297
90$67,139,594$0$0$34,649,625
91$73,721,095$0$0$38,054,521
92$80,965,508$0$0$41,802,642
93$88,940,184$0$0$45,928,867
94$97,719,336$0$0$50,471,632
95$107,384,741$0$0$55,473,287
96$118,026,506$0$0$60,980,497
97$129,743,918$0$0$67,044,684
98$142,646,386$0$0$73,722,509
99$156,854,467$0$0$81,076,410
100$172,501,003$0$0$89,175,186