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

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$107,353$106,397$105,464$104,553$103,664$101,364
2 years$53,145$52,155$51,196$50,266$49,364$47,058
3 years$35,078$34,084$33,127$32,206$31,318$29,080
4 years$26,046$25,055$24,108$23,202$22,337$20,182
5 years$20,629$19,644$18,709$17,822$16,980$14,915
6 years$17,018$16,041$15,120$14,252$13,436$11,463
7 years$14,440$13,471$12,564$11,718$10,927$9,047
8 years$12,508$11,547$10,656$9,830$9,065$7,277
9 years$11,005$10,054$9,178$8,373$7,634$5,936
10 years$9,804$8,862$8,001$7,217$6,504$4,896
11 years$8,822$7,889$7,044$6,281$5,594$4,072
12 years$8,004$7,081$6,252$5,509$4,848$3,410
13 years$7,313$6,399$5,585$4,864$4,227$2,871
14 years$6,720$5,817$5,018$4,318$3,706$2,428
15 years$6,208$5,314$4,531$3,851$3,263$2,062
16 years$5,759$4,875$4,108$3,448$2,884$1,755
17 years$5,364$4,490$3,738$3,098$2,557$1,499
18 years$5,014$4,149$3,412$2,792$2,273$1,282
19 years$4,700$3,845$3,124$2,523$2,026$1,099
20 years$4,418$3,573$2,867$2,285$1,810$944
21 years$4,164$3,328$2,637$2,074$1,620$811
22 years$3,932$3,107$2,430$1,885$1,452$698
23 years$3,722$2,906$2,244$1,717$1,303$601
24 years$3,529$2,722$2,075$1,566$1,171$518
25 years$3,352$2,555$1,922$1,430$1,054$447
26 years$3,188$2,401$1,783$1,308$949$386
27 years$3,037$2,260$1,655$1,197$856$333
28 years$2,897$2,129$1,539$1,097$772$288
29 years$2,767$2,009$1,432$1,006$697$249
30 years$2,646$1,897$1,334$923$630$215
31 years$2,533$1,793$1,244$848$570$186
32 years$2,427$1,697$1,160$779$515$161
33 years$2,328$1,607$1,083$716$466$139
34 years$2,235$1,523$1,012$659$422$121
35 years$2,147$1,445$946$607$382$104
36 years$2,065$1,371$885$559$347$90
37 years$1,987$1,302$829$515$314$78
38 years$1,913$1,238$776$475$285$68
39 years$1,843$1,177$727$438$258$59
40 years$1,777$1,120$681$404$234$51
41 years$1,715$1,066$639$372$212$44
42 years$1,655$1,015$599$344$193$38
43 years$1,598$967$562$317$175$33
44 years$1,545$922$528$293$159$29
45 years$1,493$879$496$271$144$25
46 years$1,444$839$466$250$131$22
47 years$1,398$800$437$231$119$19
48 years$1,353$764$411$213$108$16
49 years$1,310$730$386$197$98$14
50 years$1,269$697$363$182$89$12

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 $2,005 every year, while hoping to spend $35,901 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: 62/27/11 Blend
39$1,300,000$1,300,000$1,300,000$1,300,000
40$1,434,668$1,365,768$1,345,618$1,519,860
41$1,542,806$1,394,492$1,352,498$1,605,889
42$1,660,770$1,423,421$1,358,405$1,695,449
43$1,789,526$1,452,526$1,363,269$1,792,316
44$1,930,135$1,481,776$1,367,015$1,897,198
45$2,083,765$1,511,140$1,369,567$2,010,877
46$2,251,703$1,540,580$1,370,841$2,134,212
47$2,435,366$1,570,058$1,370,754$2,268,149
48$2,636,313$1,599,530$1,369,214$2,413,733
49$2,856,262$1,628,952$1,366,127$2,572,113
50$3,097,104$1,658,273$1,361,395$2,744,556
51$3,360,920$1,687,441$1,354,914$2,932,457
52$3,650,005$1,716,397$1,346,575$3,137,357
53$3,966,885$1,745,079$1,336,264$3,360,948
54$4,314,340$1,773,421$1,323,862$3,605,101
55$4,695,435$1,801,351$1,309,243$3,871,873
56$5,113,544$1,828,792$1,292,278$4,163,535
57$5,572,384$1,855,661$1,272,828$4,482,585
58$6,076,050$1,881,871$1,250,750$4,831,782
59$6,629,051$1,907,327$1,225,894$5,214,162
60$7,236,355$1,931,927$1,198,103$5,633,073
61$7,903,436$1,955,563$1,167,211$6,092,205
62$8,636,321$1,978,120$1,133,047$6,595,626
63$9,441,652$1,999,475$1,095,431$7,147,817
64$10,326,747$2,019,495$1,054,174$7,753,720
65$11,299,666$2,038,041$1,009,080$8,418,780
66$12,369,289$2,054,963$959,942$9,149,000
67$13,545,402$2,070,101$906,545$9,950,993
68$14,838,783$2,083,286$848,664$10,832,053
69$16,261,309$2,094,338$786,065$11,800,216
70$17,826,065$2,103,063$718,501$12,864,340
71$19,547,469$2,109,258$645,715$14,034,189
72$21,441,405$2,112,706$567,441$15,320,524
73$23,525,375$2,113,175$483,397$16,735,207
74$25,818,664$2,110,422$393,292$18,291,311
75$28,342,520$2,104,185$296,820$20,003,245
76$31,120,356$2,094,189$193,662$21,886,891
77$34,177,968$2,080,140$83,485$23,959,755
78$37,543,782$2,061,728$0$26,241,131
79$41,249,118$2,038,622$0$28,756,284
80$45,328,488$2,010,475$0$31,535,370
81$49,819,921$1,976,915$0$34,594,456
82$54,765,319$1,937,551$0$37,962,061
83$60,210,857$1,891,966$0$41,669,616
84$66,207,413$1,839,721$0$45,751,757
85$72,811,052$1,780,350$0$50,246,659
86$80,083,553$1,713,360$0$55,196,390
87$88,092,990$1,638,230$0$60,647,316
88$96,914,378$1,554,407$0$66,650,532
89$106,630,380$1,461,307$0$73,262,351
90$117,332,081$1,358,314$0$80,544,832
91$129,119,856$1,244,774$0$88,566,369
92$142,104,312$1,119,998$0$97,402,338
93$156,407,329$983,256$0$107,135,806
94$172,163,219$833,778$0$117,858,321
95$189,519,983$670,749$0$129,670,773
96$208,640,715$493,309$0$142,684,350
97$229,705,137$300,550$0$157,021,589
98$252,911,296$91,512$0$172,817,530
99$278,477,435$0$0$190,221,000
100$306,644,050$0$0$209,436,065