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%18.8%
1 years$112,308$111,307$110,331$109,379$108,448$104,600
2 years$55,598$54,562$53,559$52,586$51,642$47,806
3 years$36,697$35,657$34,656$33,692$32,764$29,061
4 years$27,248$26,212$25,221$24,273$23,367$19,826
5 years$21,581$20,550$19,572$18,644$17,764$14,392
6 years$17,804$16,781$15,817$14,910$14,056$10,857
7 years$15,107$14,093$13,144$12,258$11,431$8,405
8 years$13,085$12,080$11,147$10,283$9,483$6,626
9 years$11,513$10,518$9,601$8,759$7,986$5,295
10 years$10,257$9,271$8,371$7,550$6,805$4,275
11 years$9,229$8,253$7,369$6,571$5,852$3,479
12 years$8,374$7,408$6,540$5,764$5,071$2,849
13 years$7,650$6,694$5,843$5,088$4,422$2,344
14 years$7,031$6,085$5,250$4,517$3,877$1,937
15 years$6,494$5,559$4,740$4,028$3,413$1,605
16 years$6,025$5,100$4,298$3,607$3,017$1,334
17 years$5,612$4,697$3,911$3,241$2,675$1,111
18 years$5,245$4,340$3,570$2,921$2,378$927
19 years$4,917$4,022$3,268$2,639$2,120$774
20 years$4,622$3,738$2,999$2,390$1,893$648
21 years$4,356$3,482$2,759$2,169$1,694$542
22 years$4,114$3,250$2,543$1,972$1,519$455
23 years$3,893$3,040$2,348$1,796$1,363$381
24 years$3,692$2,848$2,171$1,638$1,225$320
25 years$3,506$2,673$2,011$1,496$1,103$269
26 years$3,335$2,512$1,865$1,368$993$226
27 years$3,178$2,364$1,732$1,252$896$190
28 years$3,031$2,228$1,610$1,147$808$159
29 years$2,895$2,101$1,498$1,052$730$134
30 years$2,768$1,985$1,396$966$659$113
31 years$2,650$1,876$1,301$887$596$95
32 years$2,539$1,775$1,214$815$539$80
33 years$2,436$1,681$1,133$749$488$67
34 years$2,338$1,593$1,059$690$442$56
35 years$2,246$1,511$990$635$400$47
36 years$2,160$1,434$926$585$363$40
37 years$2,078$1,362$867$539$329$34
38 years$2,001$1,295$812$496$298$28
39 years$1,928$1,231$761$458$270$24
40 years$1,859$1,171$713$422$245$20
41 years$1,794$1,115$668$390$222$17
42 years$1,731$1,062$627$360$202$14
43 years$1,672$1,012$588$332$183$12
44 years$1,616$964$552$306$166$10
45 years$1,562$920$519$283$151$8
46 years$1,511$877$487$261$137$7
47 years$1,462$837$458$242$124$6
48 years$1,415$799$430$223$113$5
49 years$1,371$763$404$206$103$4
50 years$1,328$729$380$191$93$4

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 $4,122 every year, while hoping to spend $57,515 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: 84/5/11 Blend
39$1,360,000$1,360,000$1,360,000$1,360,000
40$1,502,972$1,430,892$1,409,812$1,626,205
41$1,595,079$1,439,810$1,395,845$1,716,356
42$1,694,654$1,447,238$1,379,483$1,807,237
43$1,802,398$1,453,041$1,360,584$1,905,312
44$1,919,080$1,457,077$1,339,001$2,011,268
45$2,045,547$1,459,196$1,314,579$2,125,866
46$2,182,733$1,459,236$1,287,157$2,249,941
47$2,331,660$1,457,027$1,256,565$2,384,413
48$2,493,456$1,452,388$1,222,627$2,530,296
49$2,669,360$1,445,126$1,185,157$2,688,706
50$2,860,736$1,435,039$1,143,960$2,860,873
51$3,069,084$1,421,908$1,098,836$3,048,152
52$3,296,055$1,405,506$1,049,571$3,252,034
53$3,543,465$1,385,589$995,944$3,474,165
54$3,813,315$1,361,899$937,725$3,716,355
55$4,107,804$1,334,163$874,669$3,980,599
56$4,429,355$1,302,092$806,526$4,269,097
57$4,780,635$1,265,380$733,031$4,584,271
58$5,164,579$1,223,704$653,907$4,928,790
59$5,584,420$1,176,719$568,866$5,305,596
60$6,043,716$1,124,063$477,608$5,717,930
61$6,546,385$1,065,352$379,818$6,169,363
62$7,096,742$1,000,180$275,168$6,663,831
63$7,699,538$928,117$163,314$7,205,670
64$8,360,005$848,709$43,900$7,799,662
65$9,083,906$761,476$0$8,451,071
66$9,877,588$665,912$0$9,175,506
67$10,748,039$561,478$0$9,975,697
68$11,702,959$447,611$0$10,853,580
69$12,750,827$323,710$0$11,816,974
70$13,900,983$189,144$0$12,874,493
71$15,163,718$43,246$0$14,035,625
72$16,550,363$0$0$15,310,824
73$18,073,405$0$0$16,717,919
74$19,746,596$0$0$18,266,373
75$21,585,089$0$0$19,967,830
76$23,605,574$0$0$21,837,741
77$25,826,441$0$0$23,893,130
78$28,267,950$0$0$26,152,748
79$30,952,420$0$0$28,637,256
80$33,904,441$0$0$31,369,418
81$37,151,107$0$0$34,374,311
82$40,722,268$0$0$37,679,568
83$44,650,812$0$0$41,315,632
84$48,972,977$0$0$45,316,047
85$53,728,687$0$0$49,717,769
86$58,961,935$0$0$54,561,521
87$64,721,190$0$0$59,892,170
88$71,059,862$0$0$65,759,155
89$78,036,797$0$0$72,216,949
90$85,716,838$0$0$79,325,574
91$94,171,432$0$0$87,151,168
92$103,479,306$0$0$95,766,606
93$113,727,209$0$0$105,252,187
94$125,010,727$0$0$115,696,396
95$137,435,190$0$0$127,196,731
96$151,116,659$0$0$139,860,629
97$166,183,024$0$0$153,806,473
98$182,775,212$0$0$169,164,716
99$201,048,511$0$0$186,079,104
100$221,174,038$0$0$204,708,036