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%13.1%
1 years$98,269$97,394$96,540$95,706$94,892$93,668
2 years$48,648$47,742$46,864$46,013$45,187$43,955
3 years$32,110$31,200$30,324$29,481$28,668$27,467
4 years$23,842$22,935$22,068$21,239$20,447$19,286
5 years$18,883$17,982$17,126$16,314$15,543$14,426
6 years$15,578$14,683$13,840$13,046$12,299$11,226
7 years$13,218$12,331$11,501$10,726$10,002$8,975
8 years$11,449$10,570$9,754$8,998$8,298$7,316
9 years$10,074$9,203$8,401$7,664$6,988$6,050
10 years$8,975$8,112$7,324$6,607$5,954$5,061
11 years$8,076$7,222$6,448$5,750$5,121$4,270
12 years$7,327$6,482$5,723$5,043$4,437$3,629
13 years$6,694$5,858$5,113$4,452$3,870$3,103
14 years$6,152$5,324$4,594$3,952$3,392$2,665
15 years$5,682$4,864$4,148$3,525$2,987$2,299
16 years$5,272$4,463$3,760$3,156$2,640$1,989
17 years$4,910$4,110$3,422$2,836$2,340$1,727
18 years$4,589$3,798$3,124$2,556$2,081$1,502
19 years$4,302$3,520$2,860$2,309$1,855$1,310
20 years$4,044$3,271$2,624$2,091$1,657$1,144
21 years$3,811$3,046$2,414$1,898$1,483$1,000
22 years$3,600$2,844$2,225$1,726$1,329$876
23 years$3,407$2,660$2,054$1,572$1,193$768
24 years$3,230$2,492$1,900$1,433$1,072$675
25 years$3,068$2,339$1,760$1,309$965$593
26 years$2,919$2,198$1,632$1,197$869$521
27 years$2,780$2,069$1,515$1,096$784$458
28 years$2,652$1,949$1,409$1,004$707$404
29 years$2,533$1,839$1,311$921$638$356
30 years$2,422$1,737$1,221$845$577$313
31 years$2,319$1,642$1,138$776$522$276
32 years$2,222$1,553$1,062$713$472$244
33 years$2,131$1,471$992$656$427$215
34 years$2,046$1,394$927$603$387$190
35 years$1,966$1,322$866$555$350$167
36 years$1,890$1,255$810$512$317$148
37 years$1,819$1,192$759$471$288$130
38 years$1,751$1,133$710$434$261$115
39 years$1,687$1,077$666$401$236$102
40 years$1,627$1,025$624$369$214$90
41 years$1,570$976$585$341$195$79
42 years$1,515$929$549$315$176$70
43 years$1,463$885$515$290$160$62
44 years$1,414$844$483$268$145$55
45 years$1,367$805$454$248$132$48
46 years$1,322$768$426$229$120$43
47 years$1,279$733$400$211$109$38
48 years$1,238$699$376$195$99$33
49 years$1,199$668$354$180$90$30
50 years$1,162$638$333$167$82$26

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 $2,453 every year, while hoping to spend $36,558 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: 56/37/7 Blend
39$1,190,000$1,190,000$1,190,000$1,190,000
40$1,313,910$1,250,840$1,232,395$1,385,290
41$1,409,032$1,273,234$1,234,783$1,456,071
42$1,512,630$1,295,500$1,236,026$1,528,830
43$1,625,532$1,317,593$1,236,046$1,607,179
44$1,748,646$1,339,465$1,234,763$1,691,652
45$1,882,973$1,361,063$1,232,093$1,782,842
46$2,029,614$1,382,333$1,227,946$1,881,401
47$2,189,782$1,403,215$1,222,229$1,988,046
48$2,364,811$1,423,644$1,214,845$2,103,569
49$2,556,170$1,443,551$1,205,691$2,228,843
50$2,765,478$1,462,864$1,194,661$2,364,831
51$2,994,516$1,481,503$1,181,640$2,512,593
52$3,245,245$1,499,384$1,166,513$2,673,298
53$3,519,824$1,516,419$1,149,156$2,848,236
54$3,820,633$1,532,510$1,129,440$3,038,829
55$4,150,291$1,547,556$1,107,229$3,246,642
56$4,511,682$1,561,448$1,082,383$3,473,405
57$4,907,984$1,574,070$1,054,754$3,721,023
58$5,342,697$1,585,297$1,024,186$3,991,595
59$5,819,674$1,594,999$990,518$4,287,438
60$6,343,162$1,603,035$953,582$4,611,106
61$6,917,836$1,609,256$913,199$4,965,413
62$7,548,850$1,613,503$869,185$5,353,465
63$8,241,876$1,615,609$821,346$5,778,684
64$9,003,167$1,615,393$769,481$6,244,845
65$9,839,609$1,612,666$713,378$6,756,107
66$10,758,789$1,607,227$652,816$7,317,059
67$11,769,065$1,598,861$587,564$7,932,759
68$12,879,645$1,587,340$517,383$8,608,784
69$14,100,673$1,572,424$442,019$9,351,283
70$15,443,326$1,553,857$361,212$10,167,035
71$16,919,918$1,531,368$274,685$11,063,515
72$18,544,015$1,504,671$182,152$12,048,962
73$20,330,566$1,473,461$83,316$13,132,463
74$22,296,039$1,437,417$0$14,324,034
75$24,458,581$1,396,196$0$15,636,371
76$26,838,185$1,349,438$0$17,086,743
77$29,456,880$1,296,762$0$18,682,366
78$32,338,941$1,237,762$0$20,438,063
79$35,511,112$1,172,010$0$22,370,173
80$39,002,862$1,099,056$0$24,496,707
81$42,846,664$1,018,420$0$26,837,518
82$47,078,297$929,596$0$29,414,491
83$51,737,187$832,050$0$32,251,747
84$56,866,776$725,216$0$35,375,878
85$62,514,934$608,498$0$38,816,192
86$68,734,408$481,265$0$42,604,996
87$75,583,321$342,851$0$46,777,900
88$83,125,720$192,551$0$51,374,157
89$91,432,181$29,623$0$56,437,030
90$100,580,471$0$0$62,014,208
91$110,656,286$0$0$68,217,990
92$121,754,057$0$0$75,064,434
93$133,977,842$0$0$82,605,695
94$147,442,307$0$0$90,912,532
95$162,273,807$0$0$100,062,920
96$178,611,580$0$0$110,142,782
97$196,609,060$0$0$121,246,805
98$216,435,325$0$0$133,479,325
99$238,276,691$0$0$146,955,320
100$262,338,472$0$0$161,801,492