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%19.1%
1 years$106,527$105,578$104,652$103,749$102,866$99,098
2 years$52,736$51,754$50,802$49,879$48,984$45,230
3 years$34,808$33,822$32,872$31,958$31,077$27,455
4 years$25,846$24,863$23,923$23,024$22,165$18,702
5 years$20,470$19,493$18,565$17,685$16,849$13,555
6 years$16,887$15,917$15,003$14,143$13,332$10,209
7 years$14,329$13,367$12,468$11,627$10,843$7,889
8 years$12,411$11,458$10,574$9,754$8,995$6,209
9 years$10,921$9,976$9,107$8,308$7,575$4,953
10 years$9,729$8,794$7,940$7,162$6,454$3,991
11 years$8,754$7,829$6,990$6,233$5,551$3,241
12 years$7,943$7,026$6,203$5,467$4,810$2,649
13 years$7,256$6,350$5,542$4,827$4,195$2,175
14 years$6,669$5,772$4,980$4,284$3,677$1,793
15 years$6,160$5,273$4,496$3,821$3,238$1,483
16 years$5,715$4,838$4,076$3,421$2,861$1,230
17 years$5,323$4,455$3,709$3,074$2,537$1,022
18 years$4,975$4,117$3,386$2,770$2,256$851
19 years$4,664$3,815$3,100$2,503$2,011$709
20 years$4,384$3,545$2,845$2,267$1,796$592
21 years$4,132$3,302$2,617$2,058$1,607$494
22 years$3,902$3,083$2,412$1,871$1,441$413
23 years$3,693$2,883$2,227$1,704$1,293$346
24 years$3,502$2,701$2,059$1,554$1,162$290
25 years$3,326$2,535$1,907$1,419$1,046$243
26 years$3,164$2,383$1,769$1,298$942$203
27 years$3,014$2,242$1,643$1,188$849$170
28 years$2,875$2,113$1,527$1,088$766$143
29 years$2,746$1,993$1,421$998$692$120
30 years$2,626$1,882$1,324$916$625$100
31 years$2,514$1,780$1,234$841$565$84
32 years$2,409$1,684$1,151$773$511$71
33 years$2,310$1,595$1,075$711$463$59
34 years$2,218$1,511$1,004$654$419$50
35 years$2,131$1,433$939$602$380$42
36 years$2,049$1,361$879$555$344$35
37 years$1,971$1,292$822$511$312$29
38 years$1,898$1,228$770$471$283$25
39 years$1,829$1,168$721$434$256$21
40 years$1,764$1,111$676$400$232$17
41 years$1,701$1,058$634$370$211$15
42 years$1,642$1,007$595$341$191$12
43 years$1,586$960$558$315$174$10
44 years$1,533$915$524$291$158$9
45 years$1,482$872$492$268$143$7
46 years$1,433$832$462$248$130$6
47 years$1,387$794$434$229$118$5
48 years$1,342$758$408$212$107$4
49 years$1,300$724$383$196$97$4
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 $2,229 every year, while hoping to spend $53,473 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: 69/24/7 Blend
39$1,290,000$1,290,000$1,290,000$1,290,000
40$1,423,879$1,355,509$1,335,514$1,520,376
41$1,512,220$1,365,034$1,323,359$1,594,068
42$1,607,779$1,373,234$1,309,005$1,667,907
43$1,711,237$1,379,987$1,292,321$1,747,223
44$1,823,341$1,385,164$1,273,171$1,832,544
45$1,944,912$1,388,627$1,251,412$1,924,448
46$2,076,855$1,390,231$1,226,896$2,023,576
47$2,220,163$1,389,821$1,199,466$2,130,634
48$2,375,929$1,387,233$1,168,958$2,246,399
49$2,545,358$1,382,290$1,135,202$2,371,731
50$2,729,770$1,374,809$1,098,017$2,507,575
51$2,930,624$1,364,592$1,057,218$2,654,977
52$3,149,521$1,351,430$1,012,608$2,815,087
53$3,388,225$1,335,103$963,983$2,989,177
54$3,648,676$1,315,375$911,129$3,178,649
55$3,933,011$1,291,999$853,822$3,385,047
56$4,243,582$1,264,710$791,829$3,610,077
57$4,582,977$1,233,231$724,904$3,855,621
58$4,954,047$1,197,265$652,795$4,123,752
59$5,359,929$1,156,501$575,233$4,416,759
60$5,804,079$1,110,607$491,941$4,737,167
61$6,290,302$1,059,233$402,628$5,087,759
62$6,822,787$1,002,010$306,990$5,471,606
63$7,406,149$938,545$204,711$5,892,095
64$8,045,467$868,425$95,460$6,352,962
65$8,746,338$791,212$0$6,858,328
66$9,514,926$706,442$0$7,414,313
67$10,358,018$613,628$0$8,032,064
68$11,283,091$512,251$0$8,709,997
69$12,298,382$401,766$0$9,454,238
70$13,412,961$281,597$0$10,271,540
71$14,636,821$151,134$0$11,169,347
72$15,980,972$9,734$0$12,155,868
73$17,457,538$0$0$13,240,153
74$19,079,879$0$0$14,470,019
75$20,862,711$0$0$15,824,454
76$22,822,248$0$0$17,313,214
77$24,976,351$0$0$18,949,880
78$27,344,698$0$0$20,749,412
79$29,948,972$0$0$22,728,297
80$32,813,057$0$0$24,904,694
81$35,963,272$0$0$27,298,615
82$39,428,612$0$0$29,932,106
83$43,241,025$0$0$32,829,456
84$47,435,710$0$0$36,017,432
85$52,051,453$0$0$39,525,521
86$57,130,987$0$0$43,386,216
87$62,721,397$0$0$47,635,318
88$68,874,565$0$0$52,312,275
89$75,647,657$0$0$57,460,554
90$83,103,663$0$0$63,128,049
91$91,311,990$0$0$69,367,534
92$100,349,116$0$0$76,237,159
93$110,299,314$0$0$83,801,002
94$121,255,441$0$0$92,129,667
95$133,319,819$0$0$101,300,957
96$146,605,198$0$0$111,400,601
97$161,235,818$0$0$122,523,068
98$177,348,584$0$0$134,772,454
99$195,094,353$0$0$148,263,466
100$214,639,362$0$0$163,122,505