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%11.6%
1 years$98,269$97,394$96,540$95,706$94,892$94,255
2 years$48,648$47,742$46,864$46,013$45,187$44,544
3 years$32,110$31,200$30,324$29,481$28,668$28,040
4 years$23,842$22,935$22,068$21,239$20,447$19,837
5 years$18,883$17,982$17,126$16,314$15,543$14,955
6 years$15,578$14,683$13,840$13,046$12,299$11,733
7 years$13,218$12,331$11,501$10,726$10,002$9,458
8 years$11,449$10,570$9,754$8,998$8,298$7,776
9 years$10,074$9,203$8,401$7,664$6,988$6,488
10 years$8,975$8,112$7,324$6,607$5,954$5,476
11 years$8,076$7,222$6,448$5,750$5,121$4,664
12 years$7,327$6,482$5,723$5,043$4,437$4,002
13 years$6,694$5,858$5,113$4,452$3,870$3,454
14 years$6,152$5,324$4,594$3,952$3,392$2,997
15 years$5,682$4,864$4,148$3,525$2,987$2,611
16 years$5,272$4,463$3,760$3,156$2,640$2,283
17 years$4,910$4,110$3,422$2,836$2,340$2,002
18 years$4,589$3,798$3,124$2,556$2,081$1,761
19 years$4,302$3,520$2,860$2,309$1,855$1,552
20 years$4,044$3,271$2,624$2,091$1,657$1,370
21 years$3,811$3,046$2,414$1,898$1,483$1,212
22 years$3,600$2,844$2,225$1,726$1,329$1,074
23 years$3,407$2,660$2,054$1,572$1,193$952
24 years$3,230$2,492$1,900$1,433$1,072$846
25 years$3,068$2,339$1,760$1,309$965$752
26 years$2,919$2,198$1,632$1,197$869$669
27 years$2,780$2,069$1,515$1,096$784$595
28 years$2,652$1,949$1,409$1,004$707$531
29 years$2,533$1,839$1,311$921$638$473
30 years$2,422$1,737$1,221$845$577$422
31 years$2,319$1,642$1,138$776$522$377
32 years$2,222$1,553$1,062$713$472$336
33 years$2,131$1,471$992$656$427$300
34 years$2,046$1,394$927$603$387$268
35 years$1,966$1,322$866$555$350$240
36 years$1,890$1,255$810$512$317$214
37 years$1,819$1,192$759$471$288$192
38 years$1,751$1,133$710$434$261$172
39 years$1,687$1,077$666$401$236$153
40 years$1,627$1,025$624$369$214$137
41 years$1,570$976$585$341$195$123
42 years$1,515$929$549$315$176$110
43 years$1,463$885$515$290$160$98
44 years$1,414$844$483$268$145$88
45 years$1,367$805$454$248$132$79
46 years$1,322$768$426$229$120$71
47 years$1,279$733$400$211$109$63
48 years$1,238$699$376$195$99$57
49 years$1,199$668$354$180$90$51
50 years$1,162$638$333$167$82$45

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 $2,433 every year, while hoping to spend $31,384 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: 40/45/15 Blend
39$1,190,000$1,190,000$1,190,000$1,190,000
40$1,313,890$1,250,820$1,232,375$1,360,491
41$1,414,514$1,278,717$1,240,267$1,421,675
42$1,524,350$1,306,930$1,247,372$1,484,582
43$1,644,305$1,335,441$1,253,629$1,551,960
44$1,775,376$1,364,229$1,258,978$1,624,230
45$1,918,661$1,393,274$1,263,351$1,701,857
46$2,075,371$1,422,550$1,266,679$1,785,352
47$2,246,837$1,452,033$1,268,891$1,875,278
48$2,434,525$1,481,694$1,269,910$1,972,256
49$2,640,051$1,511,502$1,269,656$2,076,972
50$2,865,193$1,541,421$1,268,046$2,190,180
51$3,111,908$1,571,417$1,264,991$2,312,712
52$3,382,354$1,601,447$1,260,400$2,445,486
53$3,678,906$1,631,470$1,254,175$2,589,514
54$4,004,180$1,661,438$1,246,216$2,745,911
55$4,361,058$1,691,300$1,236,415$2,915,907
56$4,752,714$1,721,001$1,224,663$3,100,857
57$5,182,643$1,750,483$1,210,842$3,302,258
58$5,654,698$1,779,682$1,194,830$3,521,758
59$6,173,120$1,808,529$1,176,500$3,761,175
60$6,742,583$1,836,952$1,155,718$4,022,515
61$7,368,235$1,864,871$1,132,343$4,307,986
62$8,055,748$1,892,203$1,106,229$4,620,028
63$8,811,369$1,918,856$1,077,223$4,961,328
64$9,641,983$1,944,734$1,045,164$5,334,850
65$10,555,173$1,969,733$1,009,885$5,743,861
66$11,559,294$1,993,744$971,209$6,191,967
67$12,663,552$2,016,647$928,954$6,683,139
68$13,878,087$2,038,316$882,928$7,221,760
69$15,214,076$2,058,617$832,929$7,812,661
70$16,683,828$2,077,406$778,749$8,461,168
71$18,300,910$2,094,530$720,168$9,173,155
72$20,080,267$2,109,826$656,958$9,955,098
73$22,038,367$2,123,120$588,879$10,814,137
74$24,193,355$2,134,228$515,682$11,758,144
75$26,565,226$2,142,954$437,105$12,795,801
76$29,176,008$2,149,087$352,877$13,936,676
77$32,049,975$2,152,407$262,713$15,191,322
78$35,213,874$2,152,677$166,315$16,571,370
79$38,697,177$2,149,646$63,375$18,089,646
80$42,532,359$2,143,048$0$19,760,289
81$46,755,204$2,132,602$0$21,606,327
82$51,405,142$2,118,007$0$23,648,813
83$56,525,622$2,098,945$0$25,896,595
84$62,164,522$2,075,079$0$28,370,619
85$68,374,598$2,046,053$0$31,093,971
86$75,213,985$2,011,487$0$34,092,097
87$82,746,742$1,970,981$0$37,393,045
88$91,043,459$1,924,109$0$41,027,731
89$100,181,923$1,870,421$0$45,030,229
90$110,247,850$1,809,442$0$49,438,098
91$121,335,693$1,740,667$0$54,292,735
92$133,549,537$1,663,563$0$59,639,768
93$147,004,077$1,577,565$0$65,529,488
94$161,825,704$1,482,077$0$72,017,326
95$178,153,694$1,376,467$0$79,164,377
96$196,141,525$1,260,068$0$87,037,977
97$215,958,323$1,132,174$0$95,712,344
98$237,790,461$992,039$0$105,269,280
99$261,843,315$838,877$0$115,798,941
100$288,343,205$671,853$0$127,400,695