Can I retire at age 40 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$109,830$108,852$107,897$106,966$106,056$102,661
2 years$54,371$53,359$52,377$51,426$50,503$47,114
3 years$35,888$34,871$33,892$32,949$32,041$28,764
4 years$26,647$25,634$24,664$23,738$22,852$19,713
5 years$21,105$20,097$19,141$18,233$17,372$14,378
6 years$17,411$16,411$15,468$14,581$13,746$10,900
7 years$14,773$13,782$12,854$11,988$11,179$8,482
8 years$12,796$11,813$10,902$10,056$9,274$6,723
9 years$11,259$10,286$9,389$8,566$7,810$5,402
10 years$10,030$9,066$8,186$7,384$6,655$4,386
11 years$9,026$8,071$7,207$6,426$5,723$3,590
12 years$8,189$7,244$6,396$5,637$4,960$2,957
13 years$7,481$6,547$5,714$4,976$4,325$2,449
14 years$6,876$5,951$5,134$4,417$3,791$2,036
15 years$6,351$5,436$4,636$3,939$3,338$1,698
16 years$5,892$4,988$4,203$3,527$2,950$1,420
17 years$5,488$4,593$3,824$3,169$2,616$1,191
18 years$5,129$4,244$3,491$2,856$2,326$1,000
19 years$4,809$3,934$3,196$2,581$2,073$841
20 years$4,520$3,655$2,933$2,337$1,852$709
21 years$4,260$3,405$2,698$2,121$1,657$598
22 years$4,023$3,178$2,487$1,929$1,485$504
23 years$3,808$2,973$2,296$1,757$1,333$426
24 years$3,610$2,785$2,123$1,602$1,198$360
25 years$3,429$2,614$1,967$1,463$1,078$304
26 years$3,262$2,457$1,824$1,338$971$258
27 years$3,107$2,312$1,694$1,225$876$218
28 years$2,964$2,178$1,574$1,122$790$185
29 years$2,831$2,055$1,465$1,029$714$156
30 years$2,707$1,941$1,365$944$645$132
31 years$2,592$1,835$1,272$867$583$112
32 years$2,483$1,736$1,187$797$527$95
33 years$2,382$1,644$1,108$733$477$81
34 years$2,287$1,558$1,036$674$432$68
35 years$2,197$1,478$968$621$391$58
36 years$2,112$1,403$906$572$355$49
37 years$2,033$1,332$848$527$321$42
38 years$1,957$1,266$794$486$291$35
39 years$1,886$1,204$744$448$264$30
40 years$1,818$1,146$697$413$240$25
41 years$1,754$1,090$654$381$217$22
42 years$1,693$1,038$613$352$197$18
43 years$1,635$989$575$325$179$15
44 years$1,580$943$540$300$163$13
45 years$1,528$899$507$277$148$11
46 years$1,478$858$476$256$134$9
47 years$1,430$819$448$236$122$8
48 years$1,384$782$421$218$110$7
49 years$1,340$746$395$202$100$6
50 years$1,299$713$372$186$91$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,330,000, adding $6,121 every year, while hoping to spend $43,391 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: 67/20/13 Blend
39$1,330,000$1,330,000$1,330,000$1,330,000
40$1,471,974$1,401,484$1,380,869$1,565,854
41$1,575,947$1,423,989$1,380,960$1,651,685
42$1,689,072$1,446,142$1,379,600$1,739,795
43$1,812,235$1,467,881$1,376,695$1,835,026
44$1,946,414$1,489,138$1,372,145$1,938,071
45$2,092,683$1,509,840$1,365,846$2,049,696
46$2,252,225$1,529,911$1,357,690$2,170,743
47$2,426,341$1,549,266$1,347,563$2,302,140
48$2,616,466$1,567,818$1,335,344$2,444,912
49$2,824,177$1,585,473$1,320,910$2,600,187
50$3,051,211$1,602,128$1,304,128$2,769,209
51$3,299,479$1,617,678$1,284,861$2,953,347
52$3,571,088$1,632,006$1,262,966$3,154,115
53$3,868,355$1,644,990$1,238,291$3,373,177
54$4,193,834$1,656,501$1,210,680$3,612,370
55$4,550,335$1,666,400$1,179,968$3,873,719
56$4,940,954$1,674,538$1,145,982$4,159,455
57$5,369,101$1,680,760$1,108,541$4,472,039
58$5,838,529$1,684,897$1,067,458$4,814,182
59$6,353,376$1,686,774$1,022,534$5,188,875
60$6,918,195$1,686,201$973,564$5,599,414
61$7,538,005$1,682,978$920,332$6,049,432
62$8,218,330$1,676,894$862,613$6,542,936
63$8,965,260$1,667,721$800,170$7,084,340
64$9,785,499$1,655,222$732,759$7,678,513
65$10,686,435$1,639,143$660,121$8,330,823
66$11,676,205$1,619,215$581,989$9,047,183
67$12,763,774$1,595,152$498,081$9,834,118
68$13,959,017$1,566,653$408,105$10,698,815
69$15,272,816$1,533,398$311,756$11,649,200
70$16,717,156$1,495,047$208,712$12,694,010
71$18,305,244$1,451,243$98,643$13,842,875
72$20,051,630$1,401,605$0$15,106,412
73$21,972,343$1,345,730$0$16,498,935
74$24,085,046$1,283,195$0$18,045,504
75$26,409,198$1,213,548$0$19,746,697
76$28,966,238$1,136,314$0$21,618,242
77$31,779,791$1,050,990$0$23,677,476
78$34,875,884$957,043$0$25,943,505
79$38,283,197$853,912$0$28,437,386
80$42,033,331$741,001$0$31,182,326
81$46,161,103$617,682$0$34,203,900
82$50,704,880$483,293$0$37,530,297
83$55,706,935$337,132$0$41,192,581
84$61,213,850$178,459$0$45,224,989
85$67,276,952$6,493$0$49,665,255
86$73,952,798$0$0$54,554,963
87$81,303,708$0$0$59,979,469
88$89,398,355$0$0$65,954,486
89$98,312,408$0$0$72,534,453
90$108,129,250$0$0$79,780,934
91$118,940,763$0$0$87,761,767
92$130,848,194$0$0$96,551,706
93$143,963,110$0$0$106,233,122
94$158,408,452$0$0$116,896,787
95$174,319,693$0$0$128,642,724
96$191,846,120$0$0$141,581,154
97$211,152,234$0$0$155,833,536
98$232,419,314$0$0$171,533,711
99$255,847,116$0$0$188,829,165
100$281,655,767$0$0$207,882,425