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%18.6%
1 years$97,443$96,575$95,728$94,902$94,095$90,829
2 years$48,239$47,341$46,470$45,626$44,807$41,550
3 years$31,840$30,938$30,069$29,233$28,427$25,282
4 years$23,642$22,743$21,883$21,061$20,275$17,265
5 years$18,725$17,830$16,982$16,177$15,413$12,547
6 years$15,447$14,560$13,724$12,937$12,195$9,475
7 years$13,107$12,227$11,405$10,636$9,918$7,343
8 years$11,353$10,481$9,672$8,922$8,228$5,797
9 years$9,989$9,126$8,331$7,600$6,929$4,638
10 years$8,899$8,044$7,263$6,551$5,904$3,749
11 years$8,008$7,161$6,394$5,701$5,078$3,055
12 years$7,265$6,427$5,675$5,001$4,400$2,505
13 years$6,638$5,808$5,070$4,415$3,837$2,064
14 years$6,100$5,280$4,555$3,919$3,364$1,708
15 years$5,635$4,823$4,113$3,495$2,962$1,417
16 years$5,228$4,425$3,729$3,130$2,617$1,179
17 years$4,869$4,075$3,393$2,812$2,321$984
18 years$4,551$3,766$3,097$2,534$2,064$822
19 years$4,266$3,490$2,836$2,290$1,839$688
20 years$4,010$3,243$2,602$2,074$1,643$576
21 years$3,779$3,021$2,394$1,882$1,470$483
22 years$3,569$2,820$2,206$1,711$1,318$406
23 years$3,378$2,637$2,037$1,558$1,183$341
24 years$3,203$2,471$1,884$1,421$1,063$286
25 years$3,042$2,319$1,745$1,298$957$241
26 years$2,894$2,179$1,618$1,187$862$203
27 years$2,757$2,051$1,503$1,086$777$171
28 years$2,630$1,933$1,397$995$701$144
29 years$2,512$1,823$1,300$913$633$121
30 years$2,402$1,722$1,211$838$572$102
31 years$2,299$1,628$1,129$769$517$86
32 years$2,203$1,540$1,053$707$468$72
33 years$2,113$1,459$983$650$423$61
34 years$2,029$1,382$919$598$383$51
35 years$1,949$1,311$859$551$347$43
36 years$1,874$1,245$804$507$315$36
37 years$1,803$1,182$752$467$285$31
38 years$1,736$1,123$704$431$258$26
39 years$1,673$1,068$660$397$234$22
40 years$1,613$1,016$619$366$213$18
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$9
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 $2,399 every year, while hoping to spend $23,624 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: 67/23/10 Blend
39$1,180,000$1,180,000$1,180,000$1,180,000
40$1,302,835$1,240,295$1,222,005$1,387,270
41$1,410,588$1,275,933$1,237,806$1,479,350
42$1,528,540$1,312,526$1,253,345$1,576,940
43$1,657,707$1,350,096$1,268,588$1,683,016
44$1,799,207$1,388,664$1,283,499$1,798,407
45$1,954,270$1,428,253$1,298,040$1,924,024
46$2,124,254$1,468,885$1,312,173$2,060,867
47$2,310,651$1,510,584$1,325,854$2,210,043
48$2,515,107$1,553,372$1,339,040$2,372,767
49$2,739,434$1,597,273$1,351,683$2,550,377
50$2,985,627$1,642,311$1,363,736$2,744,347
51$3,255,886$1,688,509$1,375,145$2,956,302
52$3,552,631$1,735,890$1,385,858$3,188,029
53$3,878,530$1,784,480$1,395,815$3,441,498
54$4,236,523$1,834,302$1,404,957$3,718,879
55$4,629,845$1,885,380$1,413,221$4,022,561
56$5,062,065$1,937,739$1,420,539$4,355,176
57$5,537,110$1,991,402$1,426,841$4,719,624
58$6,059,309$2,046,395$1,432,054$5,119,099
59$6,633,430$2,102,741$1,436,100$5,557,120
60$7,264,729$2,160,464$1,438,898$6,037,564
61$7,958,992$2,219,588$1,440,362$6,564,701
62$8,722,599$2,280,136$1,440,404$7,143,237
63$9,562,574$2,342,134$1,438,927$7,778,356
64$10,486,661$2,405,602$1,435,835$8,475,770
65$11,503,388$2,470,565$1,431,024$9,241,771
66$12,622,155$2,537,044$1,424,385$10,083,293
67$13,853,317$2,605,061$1,415,804$11,007,975
68$15,208,284$2,674,638$1,405,162$12,024,235
69$16,699,629$2,745,794$1,392,334$13,141,349
70$18,341,203$2,818,551$1,377,190$14,369,534
71$20,148,273$2,892,926$1,359,592$15,720,053
72$22,137,655$2,968,938$1,339,397$17,205,313
73$24,327,884$3,046,604$1,316,455$18,838,985
74$26,739,380$3,125,940$1,290,608$20,636,136
75$29,394,645$3,206,959$1,261,692$22,613,367
76$32,318,474$3,289,676$1,229,534$24,788,969
77$35,538,190$3,374,101$1,193,955$27,183,100
78$39,083,898$3,460,245$1,154,765$29,817,973
79$42,988,775$3,548,116$1,111,769$32,718,063
80$47,289,375$3,637,719$1,064,759$35,910,342
81$52,025,983$3,729,059$1,013,520$39,424,532
82$57,242,988$3,822,137$957,827$43,293,383
83$62,989,303$3,916,952$897,444$47,552,987
84$69,318,829$4,013,500$832,126$52,243,115
85$76,290,963$4,111,775$761,615$57,407,592
86$83,971,155$4,211,765$685,643$63,094,715
87$92,431,529$4,313,459$603,929$69,357,704
88$101,751,565$4,416,838$516,180$76,255,206
89$112,018,842$4,521,881$422,090$83,851,849
90$123,329,873$4,628,562$321,340$92,218,854
91$135,791,011$4,736,852$213,595$101,434,702
92$149,519,451$4,846,715$98,508$111,585,881
93$164,644,342$4,958,111$0$122,767,698
94$181,308,000$5,070,993$0$135,087,775
95$199,667,254$5,185,310$0$148,670,644
96$219,894,925$5,301,001$0$163,633,370
97$242,181,460$5,418,003$0$180,116,550
98$266,736,724$5,536,241$0$198,275,120
99$293,791,988$5,655,634$0$218,279,814
100$323,602,104$5,776,094$0$240,318,781