Can I retire at age 40 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$99,921$99,031$98,162$97,315$96,487$94,578
2 years$49,466$48,544$47,652$46,786$45,946$44,031
3 years$32,650$31,724$30,834$29,976$29,150$27,288
4 years$24,243$23,321$22,439$21,596$20,790$18,996
5 years$19,201$18,284$17,414$16,588$15,804$14,083
6 years$15,840$14,930$14,073$13,265$12,505$10,859
7 years$13,441$12,538$11,695$10,906$10,170$8,599
8 years$11,642$10,748$9,918$9,149$8,437$6,941
9 years$10,243$9,358$8,542$7,793$7,105$5,683
10 years$9,125$8,248$7,447$6,718$6,054$4,704
11 years$8,211$7,343$6,557$5,846$5,207$3,927
12 years$7,450$6,591$5,819$5,128$4,512$3,302
13 years$6,806$5,956$5,199$4,527$3,935$2,791
14 years$6,255$5,414$4,671$4,019$3,449$2,370
15 years$5,778$4,946$4,217$3,584$3,037$2,021
16 years$5,361$4,538$3,824$3,209$2,684$1,728
17 years$4,993$4,179$3,479$2,883$2,380$1,482
18 years$4,667$3,862$3,176$2,599$2,116$1,273
19 years$4,375$3,579$2,908$2,348$1,886$1,096
20 years$4,112$3,326$2,668$2,127$1,685$945
21 years$3,875$3,098$2,455$1,930$1,508$816
22 years$3,660$2,892$2,262$1,755$1,351$706
23 years$3,464$2,704$2,089$1,598$1,213$611
24 years$3,285$2,534$1,932$1,458$1,090$529
25 years$3,120$2,378$1,789$1,331$981$459
26 years$2,968$2,235$1,659$1,217$884$398
27 years$2,827$2,103$1,541$1,114$797$345
28 years$2,697$1,982$1,432$1,021$719$300
29 years$2,576$1,870$1,333$936$649$260
30 years$2,463$1,766$1,242$859$587$226
31 years$2,358$1,669$1,158$789$530$197
32 years$2,259$1,579$1,080$725$480$171
33 years$2,167$1,496$1,008$667$434$149
34 years$2,080$1,418$942$613$393$129
35 years$1,999$1,345$881$565$356$113
36 years$1,922$1,276$824$520$323$98
37 years$1,849$1,212$771$479$292$85
38 years$1,781$1,152$722$442$265$74
39 years$1,716$1,095$677$407$240$65
40 years$1,654$1,042$634$376$218$56
41 years$1,596$992$595$347$198$49
42 years$1,541$945$558$320$179$43
43 years$1,488$900$524$295$163$37
44 years$1,438$858$491$273$148$32
45 years$1,390$818$461$252$134$28
46 years$1,344$781$433$233$122$25
47 years$1,301$745$407$215$111$21
48 years$1,259$711$383$199$100$19
49 years$1,219$679$360$183$91$16
50 years$1,181$649$338$170$83$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,210,000, adding $4,803 every year, while hoping to spend $28,510 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: 28/50/22 Blend
39$1,210,000$1,210,000$1,210,000$1,210,000
40$1,338,374$1,274,244$1,255,489$1,366,471
41$1,444,554$1,306,348$1,267,214$1,420,871
42$1,560,609$1,339,069$1,278,375$1,476,438
43$1,687,515$1,372,408$1,288,925$1,535,541
44$1,826,349$1,406,363$1,298,812$1,598,499
45$1,978,296$1,440,934$1,307,981$1,665,664
46$2,144,660$1,476,117$1,316,376$1,737,425
47$2,326,876$1,511,909$1,323,936$1,814,208
48$2,526,528$1,548,303$1,330,599$1,896,486
49$2,745,357$1,585,293$1,336,297$1,984,777
50$2,985,282$1,622,871$1,340,961$2,079,652
51$3,248,417$1,661,027$1,344,519$2,181,743
52$3,537,088$1,699,750$1,346,893$2,291,744
53$3,853,859$1,739,026$1,348,002$2,410,421
54$4,201,555$1,778,840$1,347,763$2,538,618
55$4,583,286$1,819,175$1,346,085$2,677,265
56$5,002,478$1,860,012$1,342,876$2,827,389
57$5,462,906$1,901,328$1,338,037$2,990,121
58$5,968,728$1,943,099$1,331,468$3,166,708
59$6,524,526$1,985,298$1,323,059$3,358,524
60$7,135,344$2,027,895$1,312,698$3,567,085
61$7,806,744$2,070,856$1,300,269$3,794,064
62$8,544,850$2,114,146$1,285,645$4,041,302
63$9,356,410$2,157,724$1,268,700$4,310,831
64$10,248,858$2,201,548$1,249,296$4,604,893
65$11,230,386$2,245,568$1,227,292$4,925,957
66$12,310,019$2,289,734$1,202,539$5,276,747
67$13,497,699$2,333,990$1,174,883$5,660,266
68$14,804,383$2,378,273$1,144,160$6,079,827
69$16,242,140$2,422,519$1,110,200$6,539,081
70$17,824,272$2,466,656$1,072,825$7,042,053
71$19,565,433$2,510,607$1,031,849$7,593,183
72$21,481,769$2,554,289$987,078$8,197,365
73$23,591,072$2,597,612$938,308$8,859,997
74$25,912,946$2,640,480$885,326$9,587,028
75$28,468,993$2,682,789$827,910$10,385,019
76$31,283,013$2,724,429$765,828$11,261,203
77$34,381,234$2,765,279$698,837$12,223,556
78$37,792,555$2,805,213$626,684$13,280,869
79$41,548,821$2,844,094$549,103$14,442,838
80$45,685,120$2,881,774$465,817$15,720,149
81$50,240,120$2,918,098$376,539$17,124,586
82$55,256,425$2,952,898$280,967$18,669,139
83$60,780,986$2,985,996$178,784$20,368,130
84$66,865,536$3,017,200$69,664$22,237,347
85$73,567,085$3,046,307$0$24,294,196
86$80,948,452$3,073,099$0$26,568,849
87$89,078,860$3,097,347$0$29,089,641
88$98,034,590$3,118,804$0$31,863,611
89$107,899,700$3,137,207$0$34,916,557
90$118,766,817$3,152,277$0$38,276,912
91$130,738,012$3,163,719$0$41,976,016
92$143,925,764$3,171,216$0$46,048,408
93$158,454,019$3,174,433$0$50,532,158
94$174,459,363$3,173,014$0$55,469,223
95$192,092,308$3,166,582$0$60,905,845
96$211,518,713$3,154,734$0$66,892,991
97$232,921,351$3,137,045$0$73,486,833
98$256,501,631$3,113,062$0$80,749,279
99$282,481,502$3,082,307$0$88,748,563
100$311,105,546$3,044,271$0$97,559,884