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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$99,921$99,031$98,162$97,315$96,487$95,242
2 years$49,466$48,544$47,652$46,786$45,946$44,694
3 years$32,650$31,724$30,834$29,976$29,150$27,929
4 years$24,243$23,321$22,439$21,596$20,790$19,610
5 years$19,201$18,284$17,414$16,588$15,804$14,668
6 years$15,840$14,930$14,073$13,265$12,505$11,415
7 years$13,441$12,538$11,695$10,906$10,170$9,126
8 years$11,642$10,748$9,918$9,149$8,437$7,438
9 years$10,243$9,358$8,542$7,793$7,105$6,152
10 years$9,125$8,248$7,447$6,718$6,054$5,146
11 years$8,211$7,343$6,557$5,846$5,207$4,342
12 years$7,450$6,591$5,819$5,128$4,512$3,690
13 years$6,806$5,956$5,199$4,527$3,935$3,155
14 years$6,255$5,414$4,671$4,019$3,449$2,710
15 years$5,778$4,946$4,217$3,584$3,037$2,337
16 years$5,361$4,538$3,824$3,209$2,684$2,023
17 years$4,993$4,179$3,479$2,883$2,380$1,756
18 years$4,667$3,862$3,176$2,599$2,116$1,527
19 years$4,375$3,579$2,908$2,348$1,886$1,332
20 years$4,112$3,326$2,668$2,127$1,685$1,163
21 years$3,875$3,098$2,455$1,930$1,508$1,017
22 years$3,660$2,892$2,262$1,755$1,351$891
23 years$3,464$2,704$2,089$1,598$1,213$781
24 years$3,285$2,534$1,932$1,458$1,090$686
25 years$3,120$2,378$1,789$1,331$981$603
26 years$2,968$2,235$1,659$1,217$884$530
27 years$2,827$2,103$1,541$1,114$797$466
28 years$2,697$1,982$1,432$1,021$719$410
29 years$2,576$1,870$1,333$936$649$361
30 years$2,463$1,766$1,242$859$587$319
31 years$2,358$1,669$1,158$789$530$281
32 years$2,259$1,579$1,080$725$480$248
33 years$2,167$1,496$1,008$667$434$218
34 years$2,080$1,418$942$613$393$193
35 years$1,999$1,345$881$565$356$170
36 years$1,922$1,276$824$520$323$150
37 years$1,849$1,212$771$479$292$133
38 years$1,781$1,152$722$442$265$117
39 years$1,716$1,095$677$407$240$103
40 years$1,654$1,042$634$376$218$91
41 years$1,596$992$595$347$198$81
42 years$1,541$945$558$320$179$71
43 years$1,488$900$524$295$163$63
44 years$1,438$858$491$273$148$56
45 years$1,390$818$461$252$134$49
46 years$1,344$781$433$233$122$43
47 years$1,301$745$407$215$111$38
48 years$1,259$711$383$199$100$34
49 years$1,219$679$360$183$91$30
50 years$1,181$649$338$170$83$27

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 $2,448 every year, while hoping to spend $55,818 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: 64/17/19 Blend
39$1,210,000$1,210,000$1,210,000$1,210,000
40$1,335,945$1,271,815$1,253,060$1,414,873
41$1,412,822$1,274,744$1,235,648$1,471,148
42$1,495,669$1,275,946$1,215,781$1,526,041
43$1,585,036$1,275,277$1,193,319$1,584,694
44$1,681,529$1,272,584$1,168,115$1,647,479
45$1,785,811$1,267,707$1,140,012$1,714,803
46$1,898,612$1,260,473$1,108,851$1,787,119
47$2,020,734$1,250,699$1,074,461$1,864,928
48$2,153,059$1,238,194$1,036,665$1,948,782
49$2,296,556$1,222,751$995,279$2,039,294
50$2,452,293$1,204,153$950,109$2,137,137
51$2,621,442$1,182,172$900,953$2,243,060
52$2,805,293$1,156,562$847,598$2,357,886
53$3,005,265$1,127,066$789,826$2,482,528
54$3,222,920$1,093,411$727,403$2,617,994
55$3,459,977$1,055,306$660,089$2,765,396
56$3,718,325$1,012,447$587,633$2,925,963
57$4,000,046$964,508$509,770$3,101,055
58$4,307,429$911,148$426,226$3,292,172
59$4,642,996$852,003$336,714$3,500,969
60$5,009,521$786,691$240,934$3,729,279
61$5,410,060$714,806$138,572$3,979,121
62$5,847,975$635,921$29,303$4,252,727
63$6,326,969$549,581$0$4,552,562
64$6,851,119$455,310$0$4,899,046
65$7,424,914$352,602$0$5,284,972
66$8,053,299$240,923$0$5,707,785
67$8,741,717$119,709$0$6,171,224
68$9,496,163$0$0$6,679,409
69$10,323,241$0$0$7,239,063
70$11,230,222$0$0$7,877,425
71$12,225,117$0$0$8,577,749
72$13,316,748$0$0$9,346,257
73$14,514,832$0$0$10,189,799
74$15,830,073$0$0$11,115,925
75$17,274,263$0$0$12,132,949
76$18,860,391$0$0$13,250,031
77$20,602,764$0$0$14,477,259
78$22,517,146$0$0$15,825,750
79$24,620,901$0$0$17,307,750
80$26,933,160$0$0$18,936,748
81$29,474,998$0$0$20,727,607
82$32,269,635$0$0$22,696,703
83$35,342,654$0$0$24,862,075
84$38,722,238$0$0$27,243,600
85$42,439,440$0$0$29,863,176
86$46,528,475$0$0$32,744,932
87$51,027,037$0$0$35,915,452
88$55,976,662$0$0$39,404,027
89$61,423,112$0$0$43,242,931
90$67,416,810$0$0$47,467,723
91$74,013,314$0$0$52,117,585
92$81,273,841$0$0$57,235,690
93$89,265,844$0$0$62,869,609
94$98,063,646$0$0$69,071,757
95$107,749,144$0$0$75,899,891
96$118,412,577$0$0$83,417,655
97$130,153,380$0$0$91,695,173
98$143,081,121$0$0$100,809,719
99$157,316,533$0$0$110,846,440
100$172,992,653$0$0$121,899,162