Can I retire at age 40 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$106,527$105,578$104,652$103,749$102,866$99,854
2 years$52,736$51,754$50,802$49,879$48,984$45,973
3 years$34,808$33,822$32,872$31,958$31,077$28,163
4 years$25,846$24,863$23,923$23,024$22,165$19,369
5 years$20,470$19,493$18,565$17,685$16,849$14,179
6 years$16,887$15,917$15,003$14,143$13,332$10,791
7 years$14,329$13,367$12,468$11,627$10,843$8,430
8 years$12,411$11,458$10,574$9,754$8,995$6,710
9 years$10,921$9,976$9,107$8,308$7,575$5,414
10 years$9,729$8,794$7,940$7,162$6,454$4,416
11 years$8,754$7,829$6,990$6,233$5,551$3,631
12 years$7,943$7,026$6,203$5,467$4,810$3,005
13 years$7,256$6,350$5,542$4,827$4,195$2,499
14 years$6,669$5,772$4,980$4,284$3,677$2,088
15 years$6,160$5,273$4,496$3,821$3,238$1,750
16 years$5,715$4,838$4,076$3,421$2,861$1,471
17 years$5,323$4,455$3,709$3,074$2,537$1,240
18 years$4,975$4,117$3,386$2,770$2,256$1,047
19 years$4,664$3,815$3,100$2,503$2,011$885
20 years$4,384$3,545$2,845$2,267$1,796$750
21 years$4,132$3,302$2,617$2,058$1,607$636
22 years$3,902$3,083$2,412$1,871$1,441$539
23 years$3,693$2,883$2,227$1,704$1,293$458
24 years$3,502$2,701$2,059$1,554$1,162$389
25 years$3,326$2,535$1,907$1,419$1,046$331
26 years$3,164$2,383$1,769$1,298$942$282
27 years$3,014$2,242$1,643$1,188$849$240
28 years$2,875$2,113$1,527$1,088$766$204
29 years$2,746$1,993$1,421$998$692$174
30 years$2,626$1,882$1,324$916$625$148
31 years$2,514$1,780$1,234$841$565$126
32 years$2,409$1,684$1,151$773$511$108
33 years$2,310$1,595$1,075$711$463$92
34 years$2,218$1,511$1,004$654$419$78
35 years$2,131$1,433$939$602$380$67
36 years$2,049$1,361$879$555$344$57
37 years$1,971$1,292$822$511$312$49
38 years$1,898$1,228$770$471$283$41
39 years$1,829$1,168$721$434$256$35
40 years$1,764$1,111$676$400$232$30
41 years$1,701$1,058$634$370$211$26
42 years$1,642$1,007$595$341$191$22
43 years$1,586$960$558$315$174$19
44 years$1,533$915$524$291$158$16
45 years$1,482$872$492$268$143$14
46 years$1,433$832$462$248$130$12
47 years$1,387$794$434$229$118$10
48 years$1,342$758$408$212$107$8
49 years$1,300$724$383$196$97$7
50 years$1,259$692$360$181$88$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,290,000, adding $2,785 every year, while hoping to spend $22,727 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: 66/14/20 Blend
39$1,290,000$1,290,000$1,290,000$1,290,000
40$1,424,453$1,356,083$1,336,088$1,511,124
41$1,545,566$1,398,349$1,356,665$1,611,861
42$1,678,270$1,441,925$1,377,171$1,719,079
43$1,823,725$1,486,851$1,397,577$1,835,751
44$1,983,206$1,533,168$1,417,857$1,962,804
45$2,158,117$1,580,918$1,437,980$2,101,260
46$2,350,008$1,630,145$1,457,914$2,252,246
47$2,560,582$1,680,895$1,477,627$2,417,000
48$2,791,717$1,733,214$1,497,083$2,596,888
49$3,045,481$1,787,151$1,516,245$2,793,414
50$3,324,153$1,842,754$1,535,072$3,008,234
51$3,630,242$1,900,075$1,553,523$3,243,173
52$3,966,514$1,959,166$1,571,553$3,500,239
53$4,336,014$2,020,081$1,589,116$3,781,647
54$4,742,098$2,082,876$1,606,162$4,089,835
55$5,188,463$2,147,607$1,622,639$4,427,489
56$5,679,181$2,214,335$1,638,492$4,797,570
57$6,218,739$2,283,119$1,653,664$5,203,337
58$6,812,082$2,354,023$1,668,092$5,648,383
59$7,464,654$2,427,110$1,681,713$6,136,666
60$8,182,458$2,502,448$1,694,460$6,672,545
61$8,972,105$2,580,103$1,706,260$7,260,826
62$9,840,879$2,660,148$1,717,040$7,906,801
63$10,796,807$2,742,654$1,726,719$8,616,302
64$11,848,733$2,827,696$1,735,216$9,395,757
65$13,006,401$2,915,350$1,742,443$10,252,244
66$14,280,548$3,005,696$1,748,308$11,193,567
67$15,683,004$3,098,815$1,752,716$12,228,321
68$17,226,804$3,194,790$1,755,566$13,365,980
69$18,926,312$3,293,709$1,756,751$14,616,980
70$20,797,354$3,395,659$1,756,161$15,992,824
71$22,857,370$3,500,733$1,753,679$17,506,185
72$25,125,577$3,609,024$1,749,182$19,171,027
73$27,623,149$3,720,629$1,742,542$21,002,740
74$30,373,418$3,835,647$1,733,625$23,018,280
75$33,402,094$3,954,182$1,722,290$25,236,334
76$36,737,509$4,076,338$1,708,388$27,677,491
77$40,410,881$4,202,225$1,691,765$30,364,442
78$44,456,611$4,331,954$1,672,259$33,322,191
79$48,912,606$4,465,640$1,649,700$36,578,289
80$53,820,636$4,603,401$1,623,910$40,163,098
81$59,226,733$4,745,359$1,594,702$44,110,078
82$65,181,617$4,891,640$1,561,883$48,456,097
83$71,741,184$5,042,371$1,525,247$53,241,784
84$78,967,024$5,197,687$1,484,582$58,511,913
85$86,927,009$5,357,722$1,439,664$64,315,821
86$95,695,931$5,522,618$1,390,260$70,707,879
87$105,356,207$5,692,518$1,336,126$77,748,002
88$115,998,660$5,867,570$1,277,005$85,502,215
89$127,723,370$6,047,928$1,212,632$94,043,278
90$140,640,626$6,233,749$1,142,727$103,451,369
91$154,871,960$6,425,193$1,066,999$113,814,847
92$170,551,299$6,622,426$985,142$125,231,080
93$187,826,225$6,825,619$896,839$137,807,368
94$206,859,374$7,034,948$801,756$151,661,955
95$227,829,962$7,250,592$699,547$166,925,145
96$250,935,484$7,472,737$589,848$183,740,532
97$276,393,576$7,701,574$472,280$202,266,356
98$304,444,067$7,937,298$346,448$222,676,998
99$335,351,247$8,180,110$211,939$245,164,625
100$369,406,356$8,430,217$68,321$269,941,004