Can I retire at age 40 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$98,269$97,394$96,540$95,706$94,892$93,359
2 years$48,648$47,742$46,864$46,013$45,187$43,646
3 years$32,110$31,200$30,324$29,481$28,668$27,168
4 years$23,842$22,935$22,068$21,239$20,447$18,999
5 years$18,883$17,982$17,126$16,314$15,543$14,152
6 years$15,578$14,683$13,840$13,046$12,299$10,965
7 years$13,218$12,331$11,501$10,726$10,002$8,727
8 years$11,449$10,570$9,754$8,998$8,298$7,081
9 years$10,074$9,203$8,401$7,664$6,988$5,829
10 years$8,975$8,112$7,324$6,607$5,954$4,851
11 years$8,076$7,222$6,448$5,750$5,121$4,074
12 years$7,327$6,482$5,723$5,043$4,437$3,444
13 years$6,694$5,858$5,113$4,452$3,870$2,929
14 years$6,152$5,324$4,594$3,952$3,392$2,503
15 years$5,682$4,864$4,148$3,525$2,987$2,147
16 years$5,272$4,463$3,760$3,156$2,640$1,848
17 years$4,910$4,110$3,422$2,836$2,340$1,594
18 years$4,589$3,798$3,124$2,556$2,081$1,379
19 years$4,302$3,520$2,860$2,309$1,855$1,195
20 years$4,044$3,271$2,624$2,091$1,657$1,038
21 years$3,811$3,046$2,414$1,898$1,483$902
22 years$3,600$2,844$2,225$1,726$1,329$786
23 years$3,407$2,660$2,054$1,572$1,193$685
24 years$3,230$2,492$1,900$1,433$1,072$597
25 years$3,068$2,339$1,760$1,309$965$521
26 years$2,919$2,198$1,632$1,197$869$456
27 years$2,780$2,069$1,515$1,096$784$398
28 years$2,652$1,949$1,409$1,004$707$348
29 years$2,533$1,839$1,311$921$638$305
30 years$2,422$1,737$1,221$845$577$267
31 years$2,319$1,642$1,138$776$522$234
32 years$2,222$1,553$1,062$713$472$205
33 years$2,131$1,471$992$656$427$179
34 years$2,046$1,394$927$603$387$157
35 years$1,966$1,322$866$555$350$138
36 years$1,890$1,255$810$512$317$121
37 years$1,819$1,192$759$471$288$106
38 years$1,751$1,133$710$434$261$93
39 years$1,687$1,077$666$401$236$82
40 years$1,627$1,025$624$369$214$72
41 years$1,570$976$585$341$195$63
42 years$1,515$929$549$315$176$55
43 years$1,463$885$515$290$160$48
44 years$1,414$844$483$268$145$42
45 years$1,367$805$454$248$132$37
46 years$1,322$768$426$229$120$33
47 years$1,279$733$400$211$109$29
48 years$1,238$699$376$195$99$25
49 years$1,199$668$354$180$90$22
50 years$1,162$638$333$167$82$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,190,000, adding $5,668 every year, while hoping to spend $42,526 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: 54/17/29 Blend
39$1,190,000$1,190,000$1,190,000$1,190,000
40$1,317,227$1,254,157$1,235,712$1,377,443
41$1,406,336$1,270,363$1,231,861$1,435,942
42$1,503,110$1,285,938$1,226,455$1,494,792
43$1,608,284$1,300,806$1,219,399$1,558,023
44$1,722,670$1,314,886$1,210,589$1,626,073
45$1,847,159$1,328,092$1,199,920$1,699,426
46$1,982,732$1,340,332$1,187,281$1,778,615
47$2,130,469$1,351,506$1,172,553$1,864,231
48$2,291,559$1,361,512$1,155,615$1,956,925
49$2,467,308$1,370,237$1,136,339$2,057,419
50$2,659,158$1,377,563$1,114,591$2,166,506
51$2,868,692$1,383,363$1,090,229$2,285,066
52$3,097,655$1,387,504$1,063,109$2,414,070
53$3,347,968$1,389,844$1,033,074$2,554,588
54$3,621,744$1,390,230$999,966$2,707,804
55$3,921,313$1,388,502$963,616$2,875,024
56$4,249,237$1,384,489$923,847$3,057,691
57$4,608,340$1,378,010$880,477$3,257,398
58$5,001,731$1,368,872$833,313$3,475,903
59$5,432,832$1,356,872$782,154$3,715,146
60$5,905,415$1,341,792$726,790$3,977,271
61$6,423,632$1,323,405$667,002$4,264,641
62$6,992,057$1,301,466$602,561$4,579,867
63$7,615,728$1,275,719$533,228$4,925,829
64$8,300,193$1,245,890$458,752$5,305,706
65$9,051,565$1,211,691$378,873$5,723,005
66$9,876,577$1,172,816$293,317$6,181,598
67$10,782,645$1,128,941$201,800$6,685,754
68$11,777,940$1,079,724$104,025$7,240,186
69$12,871,462$1,024,803$0$7,850,092
70$14,073,126$963,793$0$8,521,307
71$15,393,857$896,291$0$9,294,416
72$16,845,688$821,867$0$10,144,281
73$18,441,878$740,069$0$11,078,710
74$20,197,035$650,417$0$12,106,309
75$22,127,251$552,406$0$13,236,565
76$24,250,258$445,502$0$14,479,933
77$26,585,592$329,138$0$15,847,936
78$29,154,776$202,720$0$17,353,276
79$31,981,527$65,618$0$19,009,952
80$35,091,975$0$0$20,833,394
81$38,514,912$0$0$22,856,106
82$42,282,059$0$0$25,095,865
83$46,428,373$0$0$27,561,195
84$50,992,367$0$0$30,275,013
85$56,016,480$0$0$33,262,572
86$61,547,474$0$0$36,551,697
87$67,636,874$0$0$40,173,047
88$74,341,457$0$0$44,160,407
89$81,723,785$0$0$48,551,003
90$89,852,794$0$0$53,385,857
91$98,804,448$0$0$58,710,169
92$108,662,451$0$0$64,573,748
93$119,519,038$0$0$71,031,479
94$131,475,847$0$0$78,143,842
95$144,644,875$0$0$85,977,481
96$159,149,537$0$0$94,605,834
97$175,125,827$0$0$104,109,828
98$192,723,604$0$0$114,578,635
99$212,108,005$0$0$126,110,524
100$233,461,003$0$0$138,813,779