Can I retire at age 40 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$107,353$106,397$105,464$104,553$103,664$103,054
2 years$53,145$52,155$51,196$50,266$49,364$48,748
3 years$35,078$34,084$33,127$32,206$31,318$30,716
4 years$26,046$25,055$24,108$23,202$22,337$21,753
5 years$20,629$19,644$18,709$17,822$16,980$16,416
6 years$17,018$16,041$15,120$14,252$13,436$12,893
7 years$14,440$13,471$12,564$11,718$10,927$10,405
8 years$12,508$11,547$10,656$9,830$9,065$8,564
9 years$11,005$10,054$9,178$8,373$7,634$7,154
10 years$9,804$8,862$8,001$7,217$6,504$6,045
11 years$8,822$7,889$7,044$6,281$5,594$5,155
12 years$8,004$7,081$6,252$5,509$4,848$4,429
13 years$7,313$6,399$5,585$4,864$4,227$3,828
14 years$6,720$5,817$5,018$4,318$3,706$3,325
15 years$6,208$5,314$4,531$3,851$3,263$2,901
16 years$5,759$4,875$4,108$3,448$2,884$2,540
17 years$5,364$4,490$3,738$3,098$2,557$2,231
18 years$5,014$4,149$3,412$2,792$2,273$1,964
19 years$4,700$3,845$3,124$2,523$2,026$1,733
20 years$4,418$3,573$2,867$2,285$1,810$1,533
21 years$4,164$3,328$2,637$2,074$1,620$1,358
22 years$3,932$3,107$2,430$1,885$1,452$1,205
23 years$3,722$2,906$2,244$1,717$1,303$1,070
24 years$3,529$2,722$2,075$1,566$1,171$952
25 years$3,352$2,555$1,922$1,430$1,054$847
26 years$3,188$2,401$1,783$1,308$949$755
27 years$3,037$2,260$1,655$1,197$856$673
28 years$2,897$2,129$1,539$1,097$772$601
29 years$2,767$2,009$1,432$1,006$697$537
30 years$2,646$1,897$1,334$923$630$479
31 years$2,533$1,793$1,244$848$570$429
32 years$2,427$1,697$1,160$779$515$383
33 years$2,328$1,607$1,083$716$466$343
34 years$2,235$1,523$1,012$659$422$307
35 years$2,147$1,445$946$607$382$275
36 years$2,065$1,371$885$559$347$246
37 years$1,987$1,302$829$515$314$220
38 years$1,913$1,238$776$475$285$198
39 years$1,843$1,177$727$438$258$177
40 years$1,777$1,120$681$404$234$159
41 years$1,715$1,066$639$372$212$142
42 years$1,655$1,015$599$344$193$127
43 years$1,598$967$562$317$175$114
44 years$1,545$922$528$293$159$103
45 years$1,493$879$496$271$144$92
46 years$1,444$839$466$250$131$82
47 years$1,398$800$437$231$119$74
48 years$1,353$764$411$213$108$66
49 years$1,310$730$386$197$98$60
50 years$1,269$697$363$182$89$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,300,000, adding $6,401 every year, while hoping to spend $34,592 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: 58/28/14 Blend
39$1,300,000$1,300,000$1,300,000$1,300,000
40$1,439,203$1,370,303$1,350,153$1,517,207
41$1,549,196$1,400,642$1,358,577$1,601,008
42$1,669,249$1,431,308$1,366,124$1,687,930
43$1,800,351$1,462,282$1,372,729$1,781,872
44$1,943,592$1,493,539$1,378,321$1,883,511
45$2,100,172$1,525,055$1,382,828$1,993,599
46$2,271,410$1,556,804$1,386,173$2,112,958
47$2,458,761$1,588,754$1,388,276$2,242,499
48$2,663,825$1,620,873$1,389,054$2,383,222
49$2,888,364$1,653,126$1,388,417$2,536,232
50$3,134,322$1,685,473$1,386,273$2,702,744
51$3,403,834$1,717,872$1,382,524$2,884,098
52$3,699,255$1,750,278$1,377,069$3,081,771
53$4,023,178$1,782,641$1,369,800$3,297,391
54$4,378,460$1,814,908$1,360,606$3,532,750
55$4,768,245$1,847,021$1,349,369$3,789,826
56$5,195,999$1,878,917$1,335,965$4,070,797
57$5,665,537$1,910,531$1,320,267$4,378,065
58$6,181,064$1,941,789$1,302,138$4,714,275
59$6,747,211$1,972,615$1,281,437$5,082,344
60$7,369,078$2,002,924$1,258,017$5,485,488
61$8,052,286$2,032,630$1,231,722$5,927,250
62$8,803,025$2,061,634$1,202,391$6,411,534
63$9,628,116$2,089,837$1,169,853$6,942,648
64$10,535,072$2,117,127$1,133,932$7,525,334
65$11,532,172$2,143,389$1,094,441$8,164,824
66$12,628,535$2,168,497$1,051,187$8,866,881
67$13,834,210$2,192,318$1,003,966$9,637,860
68$15,160,267$2,214,709$952,567$10,484,764
69$16,618,904$2,235,519$896,767$11,415,312
70$18,223,559$2,254,586$836,335$12,438,014
71$19,989,038$2,271,737$771,029$13,562,247
72$21,931,657$2,286,789$700,595$14,798,350
73$24,069,390$2,299,546$624,770$16,157,714
74$26,422,045$2,309,801$543,276$17,652,900
75$29,011,444$2,317,331$455,826$19,297,750
76$31,861,633$2,321,903$362,119$21,107,519
77$34,999,109$2,323,266$261,839$23,099,026
78$38,453,067$2,321,154$154,660$25,290,804
79$42,255,676$2,315,287$40,237$27,703,284
80$46,442,384$2,305,365$0$30,358,982
81$51,052,250$2,291,070$0$33,294,948
82$56,128,313$2,272,067$0$36,533,513
83$61,718,000$2,247,997$0$40,098,870
84$67,873,570$2,218,483$0$44,024,309
85$74,652,608$2,183,123$0$48,346,518
86$82,118,571$2,141,492$0$53,105,930
87$90,341,380$2,093,140$0$58,347,105
88$99,398,088$2,037,591$0$64,119,150
89$109,373,599$1,974,339$0$70,476,186
90$120,361,475$1,902,851$0$77,477,854
91$132,464,815$1,822,560$0$85,189,886
92$145,797,229$1,732,869$0$93,684,721
93$160,483,912$1,633,144$0$103,042,191
94$176,662,819$1,522,717$0$113,350,277
95$194,485,977$1,400,880$0$124,705,938
96$214,120,908$1,266,885$0$137,216,028
97$235,752,219$1,119,940$0$150,998,308
98$259,583,339$959,212$0$166,182,555
99$285,838,443$783,816$0$182,911,794
100$314,764,561$592,820$0$201,343,642