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%18.5%
1 years$97,443$96,575$95,728$94,902$94,095$90,865
2 years$48,239$47,341$46,470$45,626$44,807$41,586
3 years$31,840$30,938$30,069$29,233$28,427$25,316
4 years$23,642$22,743$21,883$21,061$20,275$17,297
5 years$18,725$17,830$16,982$16,177$15,413$12,576
6 years$15,447$14,560$13,724$12,937$12,195$9,503
7 years$13,107$12,227$11,405$10,636$9,918$7,369
8 years$11,353$10,481$9,672$8,922$8,228$5,820
9 years$9,989$9,126$8,331$7,600$6,929$4,660
10 years$8,899$8,044$7,263$6,551$5,904$3,769
11 years$8,008$7,161$6,394$5,701$5,078$3,073
12 years$7,265$6,427$5,675$5,001$4,400$2,521
13 years$6,638$5,808$5,070$4,415$3,837$2,079
14 years$6,100$5,280$4,555$3,919$3,364$1,721
15 years$5,635$4,823$4,113$3,495$2,962$1,430
16 years$5,228$4,425$3,729$3,130$2,617$1,191
17 years$4,869$4,075$3,393$2,812$2,321$994
18 years$4,551$3,766$3,097$2,534$2,064$831
19 years$4,266$3,490$2,836$2,290$1,839$696
20 years$4,010$3,243$2,602$2,074$1,643$583
21 years$3,779$3,021$2,394$1,882$1,470$490
22 years$3,569$2,820$2,206$1,711$1,318$411
23 years$3,378$2,637$2,037$1,558$1,183$346
24 years$3,203$2,471$1,884$1,421$1,063$291
25 years$3,042$2,319$1,745$1,298$957$245
26 years$2,894$2,179$1,618$1,187$862$206
27 years$2,757$2,051$1,503$1,086$777$174
28 years$2,630$1,933$1,397$995$701$146
29 years$2,512$1,823$1,300$913$633$123
30 years$2,402$1,722$1,211$838$572$104
31 years$2,299$1,628$1,129$769$517$88
32 years$2,203$1,540$1,053$707$468$74
33 years$2,113$1,459$983$650$423$62
34 years$2,029$1,382$919$598$383$53
35 years$1,949$1,311$859$551$347$44
36 years$1,874$1,245$804$507$315$37
37 years$1,803$1,182$752$467$285$32
38 years$1,736$1,123$704$431$258$27
39 years$1,673$1,068$660$397$234$22
40 years$1,613$1,016$619$366$213$19
41 years$1,556$967$580$338$193$16
42 years$1,502$921$544$312$175$13
43 years$1,451$878$511$288$159$11
44 years$1,402$837$479$266$144$10
45 years$1,355$798$450$246$131$8
46 years$1,311$761$423$227$119$7
47 years$1,269$726$397$210$108$6
48 years$1,228$693$373$194$98$5
49 years$1,189$662$351$179$89$4
50 years$1,152$633$330$165$81$3

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 $4,372 every year, while hoping to spend $42,711 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: 68/14/18 Blend
39$1,180,000$1,180,000$1,180,000$1,180,000
40$1,304,870$1,242,330$1,224,040$1,387,603
41$1,392,522$1,257,760$1,219,601$1,458,835
42$1,487,684$1,272,514$1,213,582$1,531,310
43$1,591,075$1,286,515$1,205,885$1,609,534
44$1,703,490$1,299,679$1,196,406$1,694,068
45$1,825,799$1,311,917$1,185,040$1,785,533
46$1,958,964$1,323,134$1,171,671$1,884,615
47$2,104,040$1,333,229$1,156,184$1,992,068
48$2,262,189$1,342,094$1,138,453$2,108,724
49$2,434,690$1,349,615$1,118,350$2,235,501
50$2,622,953$1,355,671$1,095,739$2,373,411
51$2,828,526$1,360,130$1,070,477$2,523,570
52$3,053,115$1,362,856$1,042,418$2,687,210
53$3,298,599$1,363,702$1,011,405$2,865,686
54$3,567,045$1,362,512$977,276$3,060,496
55$3,860,730$1,359,122$939,862$3,273,290
56$4,182,162$1,353,356$898,984$3,505,888
57$4,534,100$1,345,028$854,458$3,760,298
58$4,919,584$1,333,941$806,088$4,038,731
59$5,341,963$1,319,885$753,673$4,343,630
60$5,804,922$1,302,639$697,001$4,677,683
61$6,312,523$1,281,967$635,849$5,043,859
62$6,869,237$1,257,620$569,987$5,445,430
63$7,479,991$1,229,335$499,173$5,886,002
64$8,150,209$1,196,832$423,154$6,369,555
65$8,885,869$1,159,815$341,668$6,900,474
66$9,693,552$1,117,970$254,438$7,483,594
67$10,580,510$1,070,967$161,178$8,124,249
68$11,554,733$1,018,454$61,588$8,828,317
69$12,625,018$960,061$0$9,602,280
70$13,801,062$895,396$0$10,461,868
71$15,093,543$824,043$0$11,419,558
72$16,514,227$745,564$0$12,472,260
73$18,076,078$659,496$0$13,629,620
74$19,793,375$565,349$0$14,902,266
75$21,681,852$462,604$0$16,301,913
76$23,758,846$350,717$0$17,841,471
77$26,043,454$229,108$0$19,535,166
78$28,556,721$97,168$0$21,398,677
79$31,321,830$0$0$23,449,283
80$34,364,330$0$0$25,713,075
81$37,712,366$0$0$28,220,756
82$41,396,952$0$0$30,980,597
83$45,452,260$0$0$34,018,203
84$49,915,944$0$0$37,361,789
85$54,829,491$0$0$41,042,444
86$60,238,617$0$0$45,094,422
87$66,193,694$0$0$49,555,470
88$72,750,228$0$0$54,467,180
89$79,969,378$0$0$59,875,381
90$87,918,538$0$0$65,830,574
91$96,671,969$0$0$72,388,405
92$106,311,502$0$0$79,610,193
93$116,927,305$0$0$87,563,507
94$128,618,738$0$0$96,322,799
95$141,495,291$0$0$105,970,116
96$155,677,611$0$0$116,595,865
97$171,298,647$0$0$128,299,669
98$188,504,899$0$0$141,191,308
99$207,457,803$0$0$155,391,755
100$228,335,254$0$0$171,034,313