Can I retire at age 40 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$110,656$109,670$108,709$107,770$106,853$104,228
2 years$54,780$53,760$52,771$51,813$50,883$48,254
3 years$36,157$35,133$34,146$33,197$32,282$29,732
4 years$26,848$25,826$24,850$23,916$23,024$20,572
5 years$21,263$20,248$19,285$18,370$17,502$15,156
6 years$17,542$16,534$15,585$14,691$13,849$11,610
7 years$14,885$13,885$12,951$12,078$11,263$9,132
8 years$12,893$11,902$10,983$10,132$9,344$7,319
9 years$11,344$10,363$9,460$8,630$7,869$5,950
10 years$10,106$9,135$8,248$7,439$6,705$4,888
11 years$9,093$8,132$7,261$6,474$5,766$4,050
12 years$8,250$7,299$6,444$5,679$4,997$3,379
13 years$7,538$6,596$5,757$5,014$4,357$2,833
14 years$6,927$5,996$5,173$4,451$3,820$2,387
15 years$6,399$5,477$4,670$3,969$3,363$2,018
16 years$5,937$5,025$4,234$3,554$2,972$1,711
17 years$5,529$4,628$3,853$3,193$2,635$1,454
18 years$5,168$4,276$3,517$2,878$2,343$1,239
19 years$4,845$3,963$3,220$2,600$2,089$1,057
20 years$4,554$3,683$2,955$2,355$1,866$903
21 years$4,292$3,430$2,718$2,137$1,670$773
22 years$4,053$3,202$2,505$1,943$1,496$662
23 years$3,836$2,995$2,313$1,770$1,343$568
24 years$3,637$2,806$2,139$1,614$1,207$487
25 years$3,455$2,633$1,981$1,474$1,086$418
26 years$3,286$2,475$1,838$1,348$979$359
27 years$3,131$2,329$1,706$1,234$882$309
28 years$2,987$2,195$1,586$1,130$796$266
29 years$2,853$2,071$1,476$1,037$719$228
30 years$2,728$1,955$1,375$951$650$197
31 years$2,611$1,849$1,282$874$587$169
32 years$2,502$1,749$1,196$803$531$146
33 years$2,400$1,656$1,117$738$481$125
34 years$2,304$1,570$1,043$679$435$108
35 years$2,213$1,489$976$625$394$93
36 years$2,128$1,413$913$576$357$80
37 years$2,048$1,342$854$531$324$69
38 years$1,972$1,276$800$489$294$59
39 years$1,900$1,213$749$451$266$51
40 years$1,832$1,154$702$416$241$44
41 years$1,767$1,099$659$384$219$38
42 years$1,706$1,046$618$354$199$33
43 years$1,648$997$580$327$180$28
44 years$1,592$950$544$302$164$24
45 years$1,539$906$511$279$149$21
46 years$1,489$864$480$258$135$18
47 years$1,441$825$451$238$123$16
48 years$1,394$788$424$220$111$13
49 years$1,350$752$398$203$101$12
50 years$1,308$718$374$188$92$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,340,000, adding $5,437 every year, while hoping to spend $29,800 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: 52/25/23 Blend
39$1,340,000$1,340,000$1,340,000$1,340,000
40$1,482,288$1,411,268$1,390,498$1,549,635
41$1,601,775$1,448,713$1,405,373$1,634,185
42$1,732,450$1,486,995$1,419,747$1,722,596
43$1,875,424$1,526,121$1,433,573$1,818,148
44$2,031,918$1,566,103$1,446,799$1,921,532
45$2,203,279$1,606,947$1,459,372$2,033,509
46$2,390,988$1,648,662$1,471,235$2,154,916
47$2,596,677$1,691,254$1,482,330$2,286,677
48$2,822,144$1,734,731$1,492,593$2,429,807
49$3,069,367$1,779,097$1,501,959$2,585,427
50$3,340,526$1,824,357$1,510,359$2,754,772
51$3,638,024$1,870,514$1,517,720$2,939,201
52$3,964,504$1,917,572$1,523,965$3,140,212
53$4,322,880$1,965,530$1,529,015$3,359,456
54$4,716,362$2,014,389$1,532,785$3,598,752
55$5,148,484$2,064,147$1,535,187$3,860,104
56$5,623,141$2,114,801$1,536,127$4,145,722
57$6,144,623$2,166,348$1,535,508$4,458,039
58$6,717,655$2,218,779$1,533,228$4,799,737
59$7,347,444$2,272,088$1,529,180$5,173,773
60$8,039,726$2,326,263$1,523,250$5,583,403
61$8,800,820$2,381,292$1,515,322$6,032,219
62$9,637,689$2,437,161$1,505,270$6,524,176
63$10,558,003$2,493,852$1,492,966$7,063,635
64$11,570,213$2,551,344$1,478,274$7,655,401
65$12,683,630$2,609,615$1,461,052$8,304,771
66$13,908,514$2,668,639$1,441,150$9,017,579
67$15,256,166$2,728,387$1,418,413$9,800,261
68$16,739,042$2,788,825$1,392,677$10,659,904
69$18,370,865$2,849,917$1,363,771$11,604,322
70$20,166,752$2,911,623$1,331,517$12,642,126
71$22,143,366$2,973,897$1,295,728$13,782,808
72$24,319,061$3,036,690$1,256,207$15,036,827
73$26,714,065$3,099,947$1,212,749$16,415,710
74$29,350,665$3,163,610$1,165,142$17,932,163
75$32,253,419$3,227,613$1,113,160$19,600,188
76$35,449,386$3,291,885$1,056,570$21,435,218
77$38,968,385$3,356,349$995,126$23,454,261
78$42,843,272$3,420,921$928,575$25,676,063
79$47,110,251$3,485,511$856,647$28,121,284
80$51,809,215$3,550,021$779,063$30,812,691
81$56,984,127$3,614,343$695,533$33,775,380
82$62,683,426$3,678,364$605,752$37,037,006
83$68,960,491$3,741,960$509,401$40,628,050
84$75,874,143$3,804,997$406,147$44,582,105
85$83,489,197$3,867,334$295,645$48,936,193
86$91,877,078$3,928,816$177,531$53,731,117
87$101,116,489$3,989,277$51,428$59,011,845
88$111,294,161$4,048,542$0$64,827,935
89$122,505,665$4,106,420$0$71,254,413
90$134,856,317$4,162,708$0$78,345,863
91$148,462,170$4,217,190$0$86,156,097
92$163,451,111$4,269,631$0$94,758,337
93$179,964,066$4,319,786$0$104,233,274
94$198,156,333$4,367,387$0$114,669,829
95$218,199,042$4,412,153$0$126,165,991
96$240,280,778$4,453,781$0$138,829,748
97$264,609,351$4,491,950$0$152,780,098
98$291,413,767$4,526,318$0$168,148,179
99$320,946,382$4,556,519$0$185,078,505
100$353,485,289$4,582,164$0$203,730,332