Can I retire at age 40 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$112,308$111,307$110,331$109,379$108,448$106,477
2 years$55,598$54,562$53,559$52,586$51,642$49,663
3 years$36,697$35,657$34,656$33,692$32,764$30,838
4 years$27,248$26,212$25,221$24,273$23,367$21,511
5 years$21,581$20,550$19,572$18,644$17,764$15,981
6 years$17,804$16,781$15,817$14,910$14,056$12,349
7 years$15,107$14,093$13,144$12,258$11,431$9,801
8 years$13,085$12,080$11,147$10,283$9,483$7,929
9 years$11,513$10,518$9,601$8,759$7,986$6,508
10 years$10,257$9,271$8,371$7,550$6,805$5,400
11 years$9,229$8,253$7,369$6,571$5,852$4,520
12 years$8,374$7,408$6,540$5,764$5,071$3,810
13 years$7,650$6,694$5,843$5,088$4,422$3,229
14 years$7,031$6,085$5,250$4,517$3,877$2,750
15 years$6,494$5,559$4,740$4,028$3,413$2,351
16 years$6,025$5,100$4,298$3,607$3,017$2,016
17 years$5,612$4,697$3,911$3,241$2,675$1,733
18 years$5,245$4,340$3,570$2,921$2,378$1,494
19 years$4,917$4,022$3,268$2,639$2,120$1,290
20 years$4,622$3,738$2,999$2,390$1,893$1,116
21 years$4,356$3,482$2,759$2,169$1,694$967
22 years$4,114$3,250$2,543$1,972$1,519$838
23 years$3,893$3,040$2,348$1,796$1,363$728
24 years$3,692$2,848$2,171$1,638$1,225$632
25 years$3,506$2,673$2,011$1,496$1,103$550
26 years$3,335$2,512$1,865$1,368$993$479
27 years$3,178$2,364$1,732$1,252$896$417
28 years$3,031$2,228$1,610$1,147$808$363
29 years$2,895$2,101$1,498$1,052$730$316
30 years$2,768$1,985$1,396$966$659$276
31 years$2,650$1,876$1,301$887$596$241
32 years$2,539$1,775$1,214$815$539$210
33 years$2,436$1,681$1,133$749$488$183
34 years$2,338$1,593$1,059$690$442$160
35 years$2,246$1,511$990$635$400$140
36 years$2,160$1,434$926$585$363$122
37 years$2,078$1,362$867$539$329$106
38 years$2,001$1,295$812$496$298$93
39 years$1,928$1,231$761$458$270$81
40 years$1,859$1,171$713$422$245$71
41 years$1,794$1,115$668$390$222$62
42 years$1,731$1,062$627$360$202$54
43 years$1,672$1,012$588$332$183$47
44 years$1,616$964$552$306$166$41
45 years$1,562$920$519$283$151$36
46 years$1,511$877$487$261$137$32
47 years$1,462$837$458$242$124$28
48 years$1,415$799$430$223$113$24
49 years$1,371$763$404$206$103$21
50 years$1,328$729$380$191$93$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,360,000, adding $5,302 every year, while hoping to spend $51,538 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: 71/13/16 Blend
39$1,360,000$1,360,000$1,360,000$1,360,000
40$1,504,189$1,432,109$1,411,029$1,605,072
41$1,602,780$1,447,446$1,403,462$1,688,127
42$1,709,700$1,461,808$1,393,915$1,772,308
43$1,825,745$1,475,091$1,382,266$1,863,139
44$1,951,788$1,487,188$1,368,389$1,961,267
45$2,088,791$1,497,981$1,352,151$2,067,408
46$2,237,814$1,507,348$1,333,414$2,182,349
47$2,400,020$1,515,157$1,312,032$2,306,961
48$2,576,690$1,521,268$1,287,853$2,442,202
49$2,769,234$1,525,532$1,260,718$2,589,127
50$2,979,204$1,527,791$1,230,461$2,748,903
51$3,208,307$1,527,877$1,196,906$2,922,813
52$3,458,424$1,525,612$1,159,871$3,112,275
53$3,731,623$1,520,807$1,119,167$3,318,849
54$4,030,182$1,513,260$1,074,592$3,544,259
55$4,356,609$1,502,758$1,025,939$3,790,402
56$4,713,665$1,489,075$972,990$4,059,372
57$5,104,390$1,471,971$915,517$4,353,479
58$5,532,132$1,451,192$853,281$4,675,266
59$6,000,577$1,426,468$786,033$5,027,542
60$6,513,785$1,397,514$713,514$5,413,400
61$7,076,226$1,364,027$635,452$5,836,252
62$7,692,824$1,325,688$551,563$6,299,861
63$8,369,002$1,282,157$461,550$6,808,374
64$9,110,733$1,233,075$365,105$7,366,365
65$9,924,596$1,178,063$261,904$7,978,877
66$10,817,836$1,116,720$151,609$8,651,468
67$11,798,436$1,048,620$33,869$9,390,269
68$12,875,189$973,315$0$10,202,036
69$14,057,779$890,328$0$11,109,889
70$15,356,878$799,159$0$12,113,563
71$16,784,239$699,277$0$13,216,393
72$18,352,810$590,121$0$14,428,433
73$20,076,858$471,098$0$15,760,765
74$21,972,099$341,583$0$17,225,599
75$24,055,848$200,916$0$18,836,392
76$26,347,180$48,397$0$20,607,975
77$28,867,114$0$0$22,556,691
78$31,638,806$0$0$24,717,247
79$34,687,769$0$0$27,101,632
80$38,042,113$0$0$29,724,917
81$41,732,809$0$0$32,611,332
82$45,793,985$0$0$35,787,577
83$50,263,240$0$0$39,283,071
84$55,182,004$0$0$43,130,228
85$60,595,928$0$0$47,364,764
86$66,555,311$0$0$52,026,033
87$73,115,576$0$0$57,157,399
88$80,337,795$0$0$62,806,642
89$88,289,259$0$0$69,026,413
90$97,044,119$0$0$75,874,725
91$106,684,080$0$0$83,415,504
92$117,299,172$0$0$91,719,193
93$128,988,603$0$0$100,863,410
94$141,861,691$0$0$110,933,686
95$156,038,895$0$0$122,024,269
96$171,652,955$0$0$134,239,016
97$188,850,139$0$0$147,692,368
98$207,791,626$0$0$162,510,431
99$228,655,026$0$0$178,832,171
100$251,636,056$0$0$196,810,717