Can I retire at age 40 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$113,133$112,126$111,142$110,183$109,246$107,128
2 years$56,007$54,964$53,953$52,972$52,022$49,896
3 years$36,967$35,919$34,911$33,940$33,005$30,938
4 years$27,449$26,404$25,406$24,452$23,539$21,548
5 years$21,740$20,701$19,716$18,781$17,894$15,983
6 years$17,935$16,904$15,934$15,020$14,159$12,331
7 years$15,218$14,196$13,241$12,348$11,515$9,770
8 years$13,181$12,169$11,229$10,359$9,553$7,891
9 years$11,598$10,595$9,672$8,823$8,045$6,464
10 years$10,332$9,339$8,432$7,606$6,855$5,354
11 years$9,297$8,314$7,424$6,619$5,895$4,473
12 years$8,435$7,462$6,588$5,806$5,109$3,763
13 years$7,706$6,744$5,886$5,126$4,455$3,183
14 years$7,082$6,130$5,289$4,550$3,905$2,705
15 years$6,542$5,600$4,775$4,058$3,438$2,308
16 years$6,070$5,138$4,329$3,633$3,039$1,975
17 years$5,653$4,732$3,939$3,265$2,694$1,694
18 years$5,284$4,372$3,596$2,942$2,396$1,457
19 years$4,953$4,052$3,292$2,658$2,135$1,256
20 years$4,656$3,765$3,021$2,408$1,907$1,084
21 years$4,388$3,507$2,779$2,185$1,707$936
22 years$4,144$3,274$2,561$1,987$1,530$810
23 years$3,922$3,062$2,365$1,809$1,373$702
24 years$3,719$2,869$2,187$1,650$1,234$608
25 years$3,532$2,692$2,026$1,507$1,111$528
26 years$3,360$2,530$1,879$1,378$1,001$458
27 years$3,201$2,381$1,745$1,261$902$398
28 years$3,053$2,244$1,622$1,156$814$346
29 years$2,916$2,117$1,509$1,060$735$301
30 years$2,789$1,999$1,406$973$664$261
31 years$2,670$1,890$1,311$893$600$228
32 years$2,558$1,788$1,223$821$543$198
33 years$2,453$1,693$1,142$755$492$172
34 years$2,355$1,605$1,067$695$445$150
35 years$2,263$1,522$997$639$403$131
36 years$2,176$1,445$933$589$365$114
37 years$2,094$1,372$873$543$331$99
38 years$2,016$1,304$818$500$300$86
39 years$1,943$1,240$766$461$272$75
40 years$1,873$1,180$718$425$247$66
41 years$1,807$1,123$673$392$224$57
42 years$1,744$1,070$632$362$203$50
43 years$1,685$1,019$593$334$184$43
44 years$1,628$972$556$309$167$38
45 years$1,574$926$522$285$152$33
46 years$1,522$884$491$263$138$29
47 years$1,473$843$461$243$125$25
48 years$1,426$805$433$225$114$22
49 years$1,381$769$407$208$103$19
50 years$1,338$734$383$192$94$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,370,000, adding $6,919 every year, while hoping to spend $25,827 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: 56/31/13 Blend
39$1,370,000$1,370,000$1,370,000$1,370,000
40$1,516,877$1,444,267$1,423,032$1,596,401
41$1,644,119$1,487,556$1,443,224$1,694,368
42$1,783,473$1,532,101$1,463,226$1,797,606
43$1,936,150$1,577,936$1,483,006$1,909,456
44$2,103,478$1,625,096$1,502,528$2,030,747
45$2,286,923$1,673,616$1,521,753$2,162,389
46$2,488,100$1,723,534$1,540,643$2,305,385
47$2,708,786$1,774,887$1,559,154$2,460,840
48$2,950,940$1,827,714$1,577,243$2,629,966
49$3,216,717$1,882,054$1,594,863$2,814,104
50$3,508,495$1,937,947$1,611,963$3,014,724
51$3,828,890$1,995,435$1,628,492$3,233,449
52$4,180,784$2,054,559$1,644,395$3,472,064
53$4,567,355$2,115,362$1,659,612$3,732,534
54$4,992,099$2,177,890$1,674,083$4,017,027
55$5,458,872$2,242,185$1,687,744$4,327,925
56$5,971,920$2,308,295$1,700,526$4,667,855
57$6,535,920$2,376,266$1,712,358$5,039,709
58$7,156,026$2,446,145$1,723,165$5,446,674
59$7,837,917$2,517,982$1,732,867$5,892,259
60$8,587,848$2,591,827$1,741,381$6,380,330
61$9,412,711$2,667,729$1,748,620$6,915,144
62$10,320,101$2,745,741$1,754,492$7,501,394
63$11,318,384$2,825,915$1,758,901$8,144,246
64$12,416,780$2,908,305$1,761,744$8,849,393
65$13,625,445$2,992,966$1,762,916$9,623,109
66$14,955,573$3,079,953$1,762,306$10,472,302
67$16,419,493$3,169,323$1,759,795$11,404,586
68$18,030,795$3,261,134$1,755,262$12,428,348
69$19,804,450$3,355,443$1,748,577$13,552,829
70$21,756,954$3,452,310$1,739,605$14,788,212
71$23,906,487$3,551,796$1,728,205$16,145,714
72$26,273,076$3,653,963$1,714,228$17,637,698
73$28,878,794$3,758,871$1,697,519$19,277,783
74$31,747,960$3,866,585$1,677,914$21,080,975
75$34,907,372$3,977,167$1,655,245$23,063,810
76$38,386,560$4,090,684$1,629,331$25,244,510
77$42,218,061$4,207,200$1,599,986$27,643,150
78$46,437,732$4,326,781$1,567,014$30,281,853
79$51,085,083$4,449,495$1,530,211$33,184,995
80$56,203,650$4,575,409$1,489,362$36,379,439
81$61,841,409$4,704,592$1,444,242$39,894,782
82$68,051,228$4,837,111$1,394,619$43,763,641
83$74,891,360$4,973,037$1,340,246$48,021,957
84$82,426,001$5,112,438$1,280,867$52,709,333
85$90,725,892$5,255,386$1,216,214$57,869,412
86$99,868,982$5,401,950$1,146,007$63,550,284
87$109,941,174$5,552,200$1,069,953$69,804,945
88$121,037,123$5,706,208$987,746$76,691,790
89$133,261,141$5,864,043$899,067$84,275,173
90$146,728,173$6,025,777$803,582$92,626,007
91$161,564,886$6,191,479$700,941$101,822,437
92$177,910,862$6,361,220$590,780$111,950,576
93$195,919,918$6,535,068$472,719$123,105,319
94$215,761,556$6,713,092$346,361$135,391,238
95$237,622,561$6,895,360$211,291$148,923,570
96$261,708,769$7,081,939$67,076$163,829,302
97$288,247,004$7,272,895$0$180,248,375
98$317,487,223$7,468,292$0$198,347,042
99$349,704,874$7,668,192$0$218,293,912
100$385,203,495$7,872,657$0$240,267,010