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%12.9%
1 years$99,921$99,031$98,162$97,315$96,487$95,321
2 years$49,466$48,544$47,652$46,786$45,946$44,773
3 years$32,650$31,724$30,834$29,976$29,150$28,006
4 years$24,243$23,321$22,439$21,596$20,790$19,683
5 years$19,201$18,284$17,414$16,588$15,804$14,739
6 years$15,840$14,930$14,073$13,265$12,505$11,482
7 years$13,441$12,538$11,695$10,906$10,170$9,190
8 years$11,642$10,748$9,918$9,149$8,437$7,499
9 years$10,243$9,358$8,542$7,793$7,105$6,210
10 years$9,125$8,248$7,447$6,718$6,054$5,200
11 years$8,211$7,343$6,557$5,846$5,207$4,394
12 years$7,450$6,591$5,819$5,128$4,512$3,739
13 years$6,806$5,956$5,199$4,527$3,935$3,201
14 years$6,255$5,414$4,671$4,019$3,449$2,753
15 years$5,778$4,946$4,217$3,584$3,037$2,378
16 years$5,361$4,538$3,824$3,209$2,684$2,060
17 years$4,993$4,179$3,479$2,883$2,380$1,791
18 years$4,667$3,862$3,176$2,599$2,116$1,560
19 years$4,375$3,579$2,908$2,348$1,886$1,362
20 years$4,112$3,326$2,668$2,127$1,685$1,191
21 years$3,875$3,098$2,455$1,930$1,508$1,044
22 years$3,660$2,892$2,262$1,755$1,351$916
23 years$3,464$2,704$2,089$1,598$1,213$804
24 years$3,285$2,534$1,932$1,458$1,090$707
25 years$3,120$2,378$1,789$1,331$981$622
26 years$2,968$2,235$1,659$1,217$884$548
27 years$2,827$2,103$1,541$1,114$797$483
28 years$2,697$1,982$1,432$1,021$719$426
29 years$2,576$1,870$1,333$936$649$376
30 years$2,463$1,766$1,242$859$587$332
31 years$2,358$1,669$1,158$789$530$293
32 years$2,259$1,579$1,080$725$480$259
33 years$2,167$1,496$1,008$667$434$228
34 years$2,080$1,418$942$613$393$202
35 years$1,999$1,345$881$565$356$179
36 years$1,922$1,276$824$520$323$158
37 years$1,849$1,212$771$479$292$140
38 years$1,781$1,152$722$442$265$124
39 years$1,716$1,095$677$407$240$109
40 years$1,654$1,042$634$376$218$97
41 years$1,596$992$595$347$198$86
42 years$1,541$945$558$320$179$76
43 years$1,488$900$524$295$163$67
44 years$1,438$858$491$273$148$59
45 years$1,390$818$461$252$134$53
46 years$1,344$781$433$233$122$47
47 years$1,301$745$407$215$111$41
48 years$1,259$711$383$199$100$36
49 years$1,219$679$360$183$91$32
50 years$1,181$649$338$170$83$29

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 $3,817 every year, while hoping to spend $39,729 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: 55/40/5 Blend
39$1,210,000$1,210,000$1,210,000$1,210,000
40$1,337,357$1,273,227$1,254,472$1,409,339
41$1,431,496$1,293,344$1,254,226$1,478,400
42$1,533,906$1,313,115$1,252,639$1,548,787
43$1,645,388$1,332,481$1,249,626$1,624,433
44$1,766,825$1,351,380$1,245,096$1,705,841
45$1,899,186$1,369,743$1,238,952$1,793,566
46$2,043,541$1,387,498$1,231,095$1,888,221
47$2,201,065$1,404,569$1,221,420$1,990,479
48$2,373,053$1,420,872$1,209,817$2,101,087
49$2,560,930$1,436,319$1,196,170$2,220,863
50$2,766,263$1,450,818$1,180,360$2,350,714
51$2,990,780$1,464,266$1,162,260$2,491,637
52$3,236,382$1,476,557$1,141,739$2,644,734
53$3,505,162$1,487,578$1,118,656$2,811,218
54$3,799,426$1,497,207$1,092,869$2,992,429
55$4,121,712$1,505,315$1,064,225$3,189,843
56$4,474,816$1,511,764$1,032,565$3,405,088
57$4,861,817$1,516,410$997,725$3,639,962
58$5,286,104$1,519,095$959,531$3,896,445
59$5,751,412$1,519,657$917,801$4,176,722
60$6,261,855$1,517,919$872,346$4,483,204
61$6,821,963$1,513,696$822,968$4,818,547
62$7,436,726$1,506,789$769,460$5,185,683
63$8,111,640$1,496,991$711,606$5,587,846
64$8,852,762$1,484,077$649,179$6,028,599
65$9,666,760$1,467,814$581,943$6,511,875
66$10,560,984$1,447,951$509,652$7,042,011
67$11,543,527$1,424,223$432,048$7,623,787
68$12,623,307$1,396,350$348,862$8,262,479
69$13,810,148$1,364,035$259,813$8,963,900
70$15,114,874$1,326,964$164,608$9,734,465
71$16,549,409$1,284,803$62,940$10,581,246
72$18,126,890$1,237,200$0$11,512,040
73$19,861,792$1,183,781$0$12,537,878
74$21,770,061$1,124,153$0$13,669,552
75$23,869,269$1,057,898$0$14,914,176
76$26,178,773$984,574$0$16,283,298
77$28,719,904$903,714$0$17,789,650
78$31,516,164$814,826$0$19,447,270
79$34,593,447$717,387$0$21,271,634
80$37,980,287$610,847$0$23,279,805
81$41,708,120$494,623$0$25,490,592
82$45,811,589$368,100$0$27,924,733
83$50,328,863$230,628$0$30,605,092
84$55,302,000$81,522$0$33,556,871
85$60,777,344$0$0$36,807,856
86$66,805,962$0$0$40,423,866
87$73,444,122$0$0$44,445,137
88$80,753,829$0$0$48,873,366
89$88,803,406$0$0$53,749,961
90$97,668,139$0$0$59,120,552
91$107,430,989$0$0$65,035,418
92$118,183,372$0$0$71,549,964
93$130,026,022$0$0$78,725,244
94$143,069,943$0$0$86,628,533
95$157,437,453$0$0$95,333,967
96$173,263,343$0$0$104,923,239
97$190,696,142$0$0$115,486,371
98$209,899,524$0$0$127,122,563
99$231,053,852$0$0$139,941,128
100$254,357,875$0$0$154,062,527