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

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 $1,360,000?

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 $5,172 every year, while hoping to spend $58,511 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: 43/40/17 Blend
39$1,360,000$1,360,000$1,360,000$1,360,000
40$1,504,055$1,431,975$1,410,895$1,561,086
41$1,595,213$1,439,886$1,395,905$1,609,643
42$1,693,709$1,446,225$1,378,451$1,656,045
43$1,800,228$1,450,850$1,358,390$1,705,076
44$1,915,526$1,453,617$1,335,571$1,757,007
45$2,040,431$1,454,366$1,309,834$1,812,136
46$2,175,857$1,452,932$1,281,016$1,870,797
47$2,322,807$1,449,138$1,248,942$1,933,362
48$2,482,383$1,442,795$1,213,431$2,000,242
49$2,655,800$1,433,706$1,174,295$2,071,895
50$2,844,391$1,421,657$1,131,334$2,148,832
51$3,049,627$1,406,426$1,084,341$2,231,617
52$3,273,122$1,387,775$1,033,100$2,320,878
53$3,516,656$1,365,451$977,384$2,417,314
54$3,782,185$1,339,188$916,957$2,521,697
55$4,071,863$1,308,703$851,570$2,634,888
56$4,388,061$1,273,698$780,965$2,757,837
57$4,733,388$1,233,854$704,873$2,891,603
58$5,110,718$1,188,837$623,010$3,037,355
59$5,523,213$1,138,292$535,083$3,196,392
60$5,974,355$1,081,843$440,783$3,370,154
61$6,467,979$1,019,092$339,788$3,560,232
62$7,008,306$949,621$231,764$3,768,394
63$7,599,985$872,984$116,360$3,996,594
64$8,248,135$788,712$0$4,246,998
65$8,958,395$696,309$0$4,523,234
66$9,736,973$595,250$0$4,849,327
67$10,590,708$484,981$0$5,207,155
68$11,527,131$364,916$0$5,600,042
69$12,554,539$234,438$0$6,031,658
70$13,682,070$92,893$0$6,506,059
71$14,919,788$0$0$7,027,726
72$16,278,781$0$0$7,628,194
73$17,771,262$0$0$8,332,723
74$19,410,686$0$0$9,106,796
75$21,211,873$0$0$9,957,436
76$23,191,153$0$0$10,892,376
77$25,366,513$0$0$11,920,137
78$27,757,770$0$0$13,050,107
79$30,386,758$0$0$14,292,628
80$33,277,529$0$0$15,659,096
81$36,456,586$0$0$17,162,066
82$39,953,127$0$0$18,815,369
83$43,799,320$0$0$20,634,246
84$48,030,611$0$0$22,635,490
85$52,686,052$0$0$24,837,602
86$57,808,672$0$0$27,260,968
87$63,445,882$0$0$29,928,051
88$69,649,920$0$0$32,863,599
89$76,478,345$0$0$36,094,884
90$83,994,580$0$0$39,651,955
91$92,268,507$0$0$43,567,922
92$101,377,129$0$0$47,879,269
93$111,405,293$0$0$52,626,197
94$122,446,492$0$0$57,853,004
95$134,603,746$0$0$63,608,501
96$147,990,574$0$0$69,946,476
97$162,732,060$0$0$76,926,196
98$178,966,042$0$0$84,612,971
99$196,844,402$0$0$93,078,767
100$216,534,505$0$0$102,402,885