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%11.1%
1 years$106,527$105,578$104,652$103,749$102,866$102,390
2 years$52,736$51,754$50,802$49,879$48,984$48,503
3 years$34,808$33,822$32,872$31,958$31,077$30,607
4 years$25,846$24,863$23,923$23,024$22,165$21,708
5 years$20,470$19,493$18,565$17,685$16,849$16,408
6 years$16,887$15,917$15,003$14,143$13,332$12,907
7 years$14,329$13,367$12,468$11,627$10,843$10,434
8 years$12,411$11,458$10,574$9,754$8,995$8,602
9 years$10,921$9,976$9,107$8,308$7,575$7,198
10 years$9,729$8,794$7,940$7,162$6,454$6,094
11 years$8,754$7,829$6,990$6,233$5,551$5,206
12 years$7,943$7,026$6,203$5,467$4,810$4,481
13 years$7,256$6,350$5,542$4,827$4,195$3,880
14 years$6,669$5,772$4,980$4,284$3,677$3,377
15 years$6,160$5,273$4,496$3,821$3,238$2,952
16 years$5,715$4,838$4,076$3,421$2,861$2,590
17 years$5,323$4,455$3,709$3,074$2,537$2,279
18 years$4,975$4,117$3,386$2,770$2,256$2,011
19 years$4,664$3,815$3,100$2,503$2,011$1,779
20 years$4,384$3,545$2,845$2,267$1,796$1,577
21 years$4,132$3,302$2,617$2,058$1,607$1,400
22 years$3,902$3,083$2,412$1,871$1,441$1,245
23 years$3,693$2,883$2,227$1,704$1,293$1,108
24 years$3,502$2,701$2,059$1,554$1,162$988
25 years$3,326$2,535$1,907$1,419$1,046$881
26 years$3,164$2,383$1,769$1,298$942$787
27 years$3,014$2,242$1,643$1,188$849$704
28 years$2,875$2,113$1,527$1,088$766$630
29 years$2,746$1,993$1,421$998$692$563
30 years$2,626$1,882$1,324$916$625$505
31 years$2,514$1,780$1,234$841$565$452
32 years$2,409$1,684$1,151$773$511$405
33 years$2,310$1,595$1,075$711$463$364
34 years$2,218$1,511$1,004$654$419$326
35 years$2,131$1,433$939$602$380$293
36 years$2,049$1,361$879$555$344$263
37 years$1,971$1,292$822$511$312$236
38 years$1,898$1,228$770$471$283$212
39 years$1,829$1,168$721$434$256$191
40 years$1,764$1,111$676$400$232$171
41 years$1,701$1,058$634$370$211$154
42 years$1,642$1,007$595$341$191$138
43 years$1,586$960$558$315$174$124
44 years$1,533$915$524$291$158$112
45 years$1,482$872$492$268$143$101
46 years$1,433$832$462$248$130$90
47 years$1,387$794$434$229$118$81
48 years$1,342$758$408$212$107$73
49 years$1,300$724$383$196$97$66
50 years$1,259$692$360$181$88$59

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 $6,674 every year, while hoping to spend $36,140 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: 59/32/9 Blend
39$1,290,000$1,290,000$1,290,000$1,290,000
40$1,428,464$1,360,094$1,340,099$1,509,422
41$1,535,715$1,388,286$1,346,540$1,592,792
42$1,652,694$1,416,648$1,351,985$1,678,972
43$1,780,355$1,445,151$1,356,363$1,772,049
44$1,919,749$1,473,761$1,359,599$1,872,687
45$2,072,032$1,502,444$1,361,614$1,981,618
46$2,238,477$1,531,161$1,362,326$2,099,651
47$2,420,484$1,559,870$1,361,646$2,227,675
48$2,619,598$1,588,528$1,359,485$2,366,668
49$2,837,516$1,617,085$1,355,747$2,517,711
50$3,076,109$1,645,488$1,350,331$2,681,992
51$3,337,437$1,673,683$1,343,132$2,860,824
52$3,623,769$1,701,607$1,334,041$3,055,649
53$3,937,603$1,729,195$1,322,941$3,268,061
54$4,281,692$1,756,378$1,309,712$3,499,813
55$4,659,064$1,783,081$1,294,227$3,752,839
56$5,073,058$1,809,221$1,276,354$4,029,270
57$5,527,351$1,834,714$1,255,953$4,331,454
58$6,025,993$1,859,467$1,232,879$4,661,981
59$6,573,443$1,883,380$1,206,980$5,023,702
60$7,174,617$1,906,349$1,178,096$5,419,764
61$7,834,927$1,928,259$1,146,062$5,853,632
62$8,560,337$1,948,990$1,110,701$6,329,126
63$9,357,415$1,968,414$1,071,834$6,850,458
64$10,233,398$1,986,394$1,029,267$7,422,271
65$11,196,260$2,002,783$982,803$8,049,679
66$12,254,785$2,017,425$932,233$8,738,322
67$13,418,648$2,030,154$877,338$9,494,417
68$14,698,513$2,040,794$817,891$10,324,816
69$16,106,125$2,049,157$753,655$11,237,071
70$17,654,428$2,055,044$684,380$12,239,506
71$19,357,680$2,058,241$609,807$13,341,298
72$21,231,592$2,058,524$529,664$14,552,561
73$23,293,475$2,055,652$443,669$15,884,443
74$25,562,403$2,049,373$351,525$17,349,234
75$28,059,391$2,039,414$252,924$18,960,477
76$30,807,594$2,025,491$147,543$20,733,102
77$33,832,528$2,007,300$35,044$22,683,566
78$37,162,306$1,984,517$0$24,830,006
79$40,827,905$1,956,802$0$27,200,580
80$44,863,459$1,923,793$0$29,813,280
81$49,306,579$1,885,107$0$32,689,064
82$54,198,710$1,840,337$0$35,854,742
83$59,585,518$1,789,053$0$39,339,861
84$65,517,325$1,730,801$0$43,176,986
85$72,049,579$1,665,097$0$47,402,007
86$79,243,382$1,591,433$0$52,054,479
87$87,166,063$1,509,269$0$57,177,998
88$95,891,813$1,418,035$0$62,820,609
89$105,502,386$1,317,126$0$69,035,265
90$116,087,869$1,205,906$0$75,880,324
91$127,747,536$1,083,699$0$83,420,106
92$140,590,778$949,794$0$91,725,494
93$154,738,140$803,436$0$100,874,613
94$170,322,456$643,830$0$110,953,562
95$187,490,105$470,137$0$122,057,230
96$206,402,389$281,467$0$134,290,195
97$227,237,058$76,883$0$147,767,711
98$250,189,983$0$0$162,616,798
99$275,477,012$0$0$179,028,363
100$303,335,999$0$0$197,139,159