Can I retire at age 40 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$97,443$96,575$95,728$94,902$94,095$91,413
2 years$48,239$47,341$46,470$45,626$44,807$42,126
3 years$31,840$30,938$30,069$29,233$28,427$25,831
4 years$23,642$22,743$21,883$21,061$20,275$17,783
5 years$18,725$17,830$16,982$16,177$15,413$13,032
6 years$15,447$14,560$13,724$12,937$12,195$9,929
7 years$13,107$12,227$11,405$10,636$9,918$7,765
8 years$11,353$10,481$9,672$8,922$8,228$6,188
9 years$9,989$9,126$8,331$7,600$6,929$4,999
10 years$8,899$8,044$7,263$6,551$5,904$4,082
11 years$8,008$7,161$6,394$5,701$5,078$3,361
12 years$7,265$6,427$5,675$5,001$4,400$2,785
13 years$6,638$5,808$5,070$4,415$3,837$2,320
14 years$6,100$5,280$4,555$3,919$3,364$1,941
15 years$5,635$4,823$4,113$3,495$2,962$1,629
16 years$5,228$4,425$3,729$3,130$2,617$1,372
17 years$4,869$4,075$3,393$2,812$2,321$1,157
18 years$4,551$3,766$3,097$2,534$2,064$979
19 years$4,266$3,490$2,836$2,290$1,839$829
20 years$4,010$3,243$2,602$2,074$1,643$703
21 years$3,779$3,021$2,394$1,882$1,470$597
22 years$3,569$2,820$2,206$1,711$1,318$507
23 years$3,378$2,637$2,037$1,558$1,183$432
24 years$3,203$2,471$1,884$1,421$1,063$367
25 years$3,042$2,319$1,745$1,298$957$313
26 years$2,894$2,179$1,618$1,187$862$267
27 years$2,757$2,051$1,503$1,086$777$227
28 years$2,630$1,933$1,397$995$701$194
29 years$2,512$1,823$1,300$913$633$165
30 years$2,402$1,722$1,211$838$572$141
31 years$2,299$1,628$1,129$769$517$121
32 years$2,203$1,540$1,053$707$468$103
33 years$2,113$1,459$983$650$423$88
34 years$2,029$1,382$919$598$383$75
35 years$1,949$1,311$859$551$347$64
36 years$1,874$1,245$804$507$315$55
37 years$1,803$1,182$752$467$285$47
38 years$1,736$1,123$704$431$258$40
39 years$1,673$1,068$660$397$234$34
40 years$1,613$1,016$619$366$213$29
41 years$1,556$967$580$338$193$25
42 years$1,502$921$544$312$175$21
43 years$1,451$878$511$288$159$18
44 years$1,402$837$479$266$144$16
45 years$1,355$798$450$246$131$13
46 years$1,311$761$423$227$119$11
47 years$1,269$726$397$210$108$10
48 years$1,228$693$373$194$98$8
49 years$1,189$662$351$179$89$7
50 years$1,152$633$330$165$81$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,180,000, adding $6,523 every year, while hoping to spend $46,312 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: 67/15/18 Blend
39$1,180,000$1,180,000$1,180,000$1,180,000
40$1,307,088$1,244,548$1,226,258$1,388,476
41$1,391,136$1,256,256$1,218,063$1,455,426
42$1,482,204$1,266,984$1,208,040$1,522,616
43$1,580,960$1,276,638$1,196,080$1,594,956
44$1,688,137$1,285,113$1,182,069$1,672,952
45$1,804,544$1,292,299$1,165,884$1,757,158
46$1,931,066$1,298,081$1,147,400$1,848,189
47$2,068,681$1,302,333$1,126,484$1,946,722
48$2,218,463$1,304,924$1,102,998$2,053,504
49$2,381,595$1,305,714$1,076,797$2,169,358
50$2,559,376$1,304,553$1,047,728$2,295,193
51$2,753,239$1,301,283$1,015,634$2,432,013
52$2,964,760$1,295,736$980,348$2,580,923
53$3,195,673$1,287,734$941,697$2,743,144
54$3,447,887$1,277,088$899,499$2,920,023
55$3,723,503$1,263,598$853,564$3,113,043
56$4,024,836$1,247,050$803,695$3,323,844
57$4,354,434$1,227,220$749,683$3,554,234
58$4,715,101$1,203,868$691,312$3,806,204
59$5,109,927$1,176,743$628,356$4,081,954
60$5,542,312$1,145,576$560,579$4,383,910
61$6,016,002$1,110,084$487,733$4,714,747
62$6,535,123$1,069,966$409,560$5,077,415
63$7,104,216$1,024,905$325,791$5,475,170
64$7,728,286$974,566$236,146$5,911,599
65$8,412,844$918,592$140,329$6,390,662
66$9,163,960$856,608$38,035$6,916,725
67$9,988,318$788,217$0$7,494,601
68$10,893,285$712,998$0$8,143,263
69$11,886,972$630,507$0$8,863,589
70$12,978,317$540,275$0$9,654,788
71$14,177,163$441,807$0$10,524,052
72$15,494,356$334,577$0$11,479,305
73$16,941,843$218,034$0$12,529,281
74$18,532,786$91,593$0$13,683,606
75$20,281,685$0$0$14,952,888
76$22,204,517$0$0$16,356,307
77$24,318,882$0$0$17,916,225
78$26,644,172$0$0$19,631,839
79$29,201,751$0$0$21,518,922
80$32,015,159$0$0$23,594,854
81$35,110,332$0$0$25,878,783
82$38,515,846$0$0$28,391,806
83$42,263,187$0$0$31,157,169
84$46,387,046$0$0$34,200,485
85$50,925,649$0$0$37,549,975
86$55,921,113$0$0$41,236,737
87$61,419,848$0$0$45,295,033
88$67,472,990$0$0$49,762,618
89$74,136,884$0$0$54,681,093
90$81,473,617$0$0$60,096,297
91$89,551,602$0$0$66,058,740
92$98,446,223$0$0$72,624,080
93$108,240,547$0$0$79,853,646
94$119,026,106$0$0$87,815,018
95$130,903,760$0$0$96,582,663
96$143,984,650$0$0$106,238,639
97$158,391,244$0$0$116,873,369
98$174,258,497$0$0$128,586,489
99$191,735,116$0$0$141,487,797
100$210,984,972$0$0$155,698,282