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

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$97,443$96,575$95,728$94,902$94,095$92,842
2 years$48,239$47,341$46,470$45,626$44,807$43,547
3 years$31,840$30,938$30,069$29,233$28,427$27,199
4 years$23,642$22,743$21,883$21,061$20,275$19,088
5 years$18,725$17,830$16,982$16,177$15,413$14,270
6 years$15,447$14,560$13,724$12,937$12,195$11,099
7 years$13,107$12,227$11,405$10,636$9,918$8,868
8 years$11,353$10,481$9,672$8,922$8,228$7,225
9 years$9,989$9,126$8,331$7,600$6,929$5,972
10 years$8,899$8,044$7,263$6,551$5,904$4,992
11 years$8,008$7,161$6,394$5,701$5,078$4,210
12 years$7,265$6,427$5,675$5,001$4,400$3,576
13 years$6,638$5,808$5,070$4,415$3,837$3,055
14 years$6,100$5,280$4,555$3,919$3,364$2,622
15 years$5,635$4,823$4,113$3,495$2,962$2,260
16 years$5,228$4,425$3,729$3,130$2,617$1,955
17 years$4,869$4,075$3,393$2,812$2,321$1,695
18 years$4,551$3,766$3,097$2,534$2,064$1,474
19 years$4,266$3,490$2,836$2,290$1,839$1,284
20 years$4,010$3,243$2,602$2,074$1,643$1,120
21 years$3,779$3,021$2,394$1,882$1,470$979
22 years$3,569$2,820$2,206$1,711$1,318$857
23 years$3,378$2,637$2,037$1,558$1,183$751
24 years$3,203$2,471$1,884$1,421$1,063$659
25 years$3,042$2,319$1,745$1,298$957$578
26 years$2,894$2,179$1,618$1,187$862$508
27 years$2,757$2,051$1,503$1,086$777$447
28 years$2,630$1,933$1,397$995$701$393
29 years$2,512$1,823$1,300$913$633$346
30 years$2,402$1,722$1,211$838$572$304
31 years$2,299$1,628$1,129$769$517$268
32 years$2,203$1,540$1,053$707$468$236
33 years$2,113$1,459$983$650$423$208
34 years$2,029$1,382$919$598$383$184
35 years$1,949$1,311$859$551$347$162
36 years$1,874$1,245$804$507$315$143
37 years$1,803$1,182$752$467$285$126
38 years$1,736$1,123$704$431$258$111
39 years$1,673$1,068$660$397$234$98
40 years$1,613$1,016$619$366$213$87
41 years$1,556$967$580$338$193$76
42 years$1,502$921$544$312$175$67
43 years$1,451$878$511$288$159$60
44 years$1,402$837$479$266$144$53
45 years$1,355$798$450$246$131$46
46 years$1,311$761$423$227$119$41
47 years$1,269$726$397$210$108$36
48 years$1,228$693$373$194$98$32
49 years$1,189$662$351$179$89$28
50 years$1,152$633$330$165$81$25

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 $6,343 every year, while hoping to spend $47,507 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: 53/29/18 Blend
39$1,180,000$1,180,000$1,180,000$1,180,000
40$1,306,903$1,244,363$1,226,073$1,369,457
41$1,389,660$1,254,790$1,216,599$1,423,444
42$1,479,266$1,264,135$1,205,216$1,476,623
43$1,576,369$1,272,296$1,191,809$1,533,448
44$1,681,683$1,279,162$1,176,259$1,594,279
45$1,795,991$1,284,618$1,158,440$1,659,517
46$1,920,157$1,288,539$1,138,222$1,729,602
47$2,055,127$1,290,792$1,115,467$1,805,024
48$2,201,947$1,291,238$1,090,032$1,886,322
49$2,361,765$1,289,727$1,061,767$1,974,094
50$2,535,843$1,286,101$1,030,514$2,069,001
51$2,725,572$1,280,194$996,110$2,171,773
52$2,932,482$1,271,825$958,381$2,283,218
53$3,158,258$1,260,807$917,150$2,404,228
54$3,404,752$1,246,939$872,226$2,535,792
55$3,674,006$1,230,008$823,415$2,678,998
56$3,968,266$1,209,790$770,511$2,835,054
57$4,290,006$1,186,045$713,299$3,005,291
58$4,641,947$1,158,522$651,555$3,191,181
59$5,027,088$1,126,953$585,045$3,394,351
60$5,448,732$1,091,054$513,525$3,616,597
61$5,910,513$1,050,526$436,738$3,859,905
62$6,416,435$1,005,051$354,418$4,126,465
63$6,970,907$954,294$266,287$4,418,701
64$7,578,785$897,900$172,053$4,739,287
65$8,245,417$835,493$71,413$5,091,174
66$8,976,693$766,677$0$5,477,625
67$9,779,103$691,031$0$5,909,152
68$10,659,793$608,113$0$6,397,905
69$11,626,634$517,452$0$6,934,607
70$12,688,298$418,555$0$7,524,174
71$13,854,339$310,899$0$8,172,024
72$15,135,278$193,929$0$8,884,135
73$16,542,709$67,064$0$9,667,100
74$18,089,402$0$0$10,528,190
75$19,789,426$0$0$11,497,862
76$21,658,283$0$0$12,587,485
77$23,713,049$0$0$13,785,631
78$25,972,538$0$0$15,103,285
79$28,457,479$0$0$16,552,553
80$31,190,709$0$0$18,146,772
81$34,197,392$0$0$19,900,635
82$37,505,252$0$0$21,830,334
83$41,144,834$0$0$23,953,706
84$45,149,796$0$0$26,290,408
85$49,557,223$0$0$28,862,097
86$54,407,974$0$0$31,692,634
87$59,747,074$0$0$34,808,315
88$65,624,130$0$0$38,238,110
89$72,093,806$0$0$42,013,944
90$79,216,334$0$0$46,170,993
91$87,058,081$0$0$50,748,017
92$95,692,180$0$0$55,787,726
93$105,199,213$0$0$61,337,183
94$115,667,977$0$0$67,448,247
95$127,196,315$0$0$74,178,061
96$139,892,045$0$0$81,589,594
97$153,873,973$0$0$89,752,233
98$169,273,016$0$0$98,742,437
99$186,233,434$0$0$108,644,459
100$204,914,193$0$0$119,551,141