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%19.5%
1 years$106,527$105,578$104,652$103,749$102,866$98,941
2 years$52,736$51,754$50,802$49,879$48,984$45,076
3 years$34,808$33,822$32,872$31,958$31,077$27,309
4 years$25,846$24,863$23,923$23,024$22,165$18,565
5 years$20,470$19,493$18,565$17,685$16,849$13,427
6 years$16,887$15,917$15,003$14,143$13,332$10,090
7 years$14,329$13,367$12,468$11,627$10,843$7,780
8 years$12,411$11,458$10,574$9,754$8,995$6,108
9 years$10,921$9,976$9,107$8,308$7,575$4,860
10 years$9,729$8,794$7,940$7,162$6,454$3,907
11 years$8,754$7,829$6,990$6,233$5,551$3,165
12 years$7,943$7,026$6,203$5,467$4,810$2,579
13 years$7,256$6,350$5,542$4,827$4,195$2,112
14 years$6,669$5,772$4,980$4,284$3,677$1,737
15 years$6,160$5,273$4,496$3,821$3,238$1,432
16 years$5,715$4,838$4,076$3,421$2,861$1,184
17 years$5,323$4,455$3,709$3,074$2,537$981
18 years$4,975$4,117$3,386$2,770$2,256$814
19 years$4,664$3,815$3,100$2,503$2,011$677
20 years$4,384$3,545$2,845$2,267$1,796$563
21 years$4,132$3,302$2,617$2,058$1,607$469
22 years$3,902$3,083$2,412$1,871$1,441$391
23 years$3,693$2,883$2,227$1,704$1,293$326
24 years$3,502$2,701$2,059$1,554$1,162$272
25 years$3,326$2,535$1,907$1,419$1,046$227
26 years$3,164$2,383$1,769$1,298$942$190
27 years$3,014$2,242$1,643$1,188$849$159
28 years$2,875$2,113$1,527$1,088$766$132
29 years$2,746$1,993$1,421$998$692$111
30 years$2,626$1,882$1,324$916$625$93
31 years$2,514$1,780$1,234$841$565$77
32 years$2,409$1,684$1,151$773$511$65
33 years$2,310$1,595$1,075$711$463$54
34 years$2,218$1,511$1,004$654$419$45
35 years$2,131$1,433$939$602$380$38
36 years$2,049$1,361$879$555$344$32
37 years$1,971$1,292$822$511$312$27
38 years$1,898$1,228$770$471$283$22
39 years$1,829$1,168$721$434$256$19
40 years$1,764$1,111$676$400$232$16
41 years$1,701$1,058$634$370$211$13
42 years$1,642$1,007$595$341$191$11
43 years$1,586$960$558$315$174$9
44 years$1,533$915$524$291$158$8
45 years$1,482$872$492$268$143$6
46 years$1,433$832$462$248$130$5
47 years$1,387$794$434$229$118$4
48 years$1,342$758$408$212$107$4
49 years$1,300$724$383$196$97$3
50 years$1,259$692$360$181$88$3

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 $5,984 every year, while hoping to spend $48,197 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: 56/23/21 Blend
39$1,290,000$1,290,000$1,290,000$1,290,000
40$1,427,752$1,359,382$1,339,387$1,499,301
41$1,522,102$1,374,711$1,332,976$1,564,166
42$1,624,460$1,389,175$1,324,734$1,629,156
43$1,735,592$1,402,682$1,314,550$1,698,912
44$1,856,341$1,415,132$1,302,305$1,773,905
45$1,987,633$1,426,419$1,287,878$1,854,654
46$2,130,488$1,436,430$1,271,139$1,941,733
47$2,286,029$1,445,046$1,251,953$2,035,777
48$2,455,489$1,452,138$1,230,178$2,137,486
49$2,640,226$1,457,570$1,205,667$2,247,633
50$2,841,737$1,461,199$1,178,264$2,367,074
51$3,061,666$1,462,870$1,147,808$2,496,751
52$3,301,825$1,462,420$1,114,129$2,637,706
53$3,564,208$1,459,675$1,077,049$2,791,089
54$3,851,011$1,454,453$1,036,384$2,958,172
55$4,164,650$1,446,557$991,939$3,140,356
56$4,507,787$1,435,781$943,511$3,339,190
57$4,883,352$1,421,904$890,889$3,556,384
58$5,294,570$1,404,694$833,850$3,793,824
59$5,744,996$1,383,904$772,165$4,053,593
60$6,238,543$1,359,273$705,589$4,337,992
61$6,779,520$1,330,522$633,871$4,649,557
62$7,372,672$1,297,359$556,747$4,991,090
63$8,023,228$1,259,473$473,942$5,365,682
64$8,736,944$1,216,534$385,166$5,776,744
65$9,520,163$1,168,195$290,120$6,228,042
66$10,379,870$1,114,087$188,489$6,723,728
67$11,323,759$1,053,820$79,946$7,268,388
68$12,360,308$986,982$0$7,867,077
69$13,498,852$913,137$0$8,533,418
70$14,749,678$831,824$0$9,285,164
71$16,124,117$742,555$0$10,111,258
72$17,634,654$644,817$0$11,019,279
73$19,295,040$538,065$0$12,017,583
74$21,120,428$421,724$0$13,115,379
75$23,127,510$295,187$0$14,322,824
76$25,334,678$157,813$0$15,651,110
77$27,762,194$8,924$0$17,112,579
78$30,432,382$0$0$18,720,834
79$33,369,842$0$0$20,529,392
80$36,601,672$0$0$22,521,810
81$40,157,735$0$0$24,714,254
82$44,070,931$0$0$27,127,027
83$48,377,512$0$0$29,782,498
84$53,117,421$0$0$32,705,316
85$58,334,672$0$0$35,922,639
86$64,077,759$0$0$39,464,392
87$70,400,119$0$0$43,363,549
88$77,360,632$0$0$47,656,445
89$85,024,178$0$0$52,383,116
90$93,462,248$0$0$57,587,677
91$102,753,618$0$0$63,318,740
92$112,985,091$0$0$69,629,871
93$124,252,318$0$0$76,580,094
94$136,660,699$0$0$84,234,452
95$150,326,377$0$0$92,664,614
96$165,377,331$0$0$101,949,558
97$181,954,589$0$0$112,176,310
98$200,213,554$0$0$123,440,770
99$220,325,471$0$0$135,848,613
100$242,479,042$0$0$149,516,288