Can I retire at age 40 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$113,959$112,944$111,954$110,987$110,043$109,533
2 years$56,415$55,365$54,346$53,359$52,401$51,887
3 years$37,237$36,181$35,166$34,188$33,246$32,742
4 years$27,649$26,597$25,592$24,630$23,711$23,223
5 years$21,898$20,853$19,860$18,918$18,025$17,553
6 years$18,065$17,028$16,050$15,129$14,262$13,808
7 years$15,329$14,300$13,338$12,439$11,599$11,162
8 years$13,277$12,258$11,311$10,434$9,623$9,202
9 years$11,683$10,672$9,742$8,888$8,104$7,701
10 years$10,407$9,407$8,494$7,661$6,905$6,519
11 years$9,365$8,375$7,478$6,668$5,938$5,569
12 years$8,497$7,517$6,636$5,848$5,146$4,793
13 years$7,763$6,793$5,929$5,163$4,487$4,151
14 years$7,134$6,175$5,327$4,583$3,934$3,613
15 years$6,590$5,641$4,810$4,088$3,463$3,158
16 years$6,114$5,175$4,361$3,660$3,061$2,771
17 years$5,695$4,766$3,968$3,288$2,714$2,438
18 years$5,322$4,404$3,622$2,964$2,413$2,152
19 years$4,989$4,082$3,316$2,678$2,151$1,903
20 years$4,690$3,793$3,043$2,425$1,921$1,687
21 years$4,420$3,533$2,799$2,201$1,719$1,497
22 years$4,174$3,298$2,580$2,001$1,541$1,331
23 years$3,951$3,084$2,382$1,823$1,383$1,185
24 years$3,746$2,890$2,203$1,662$1,243$1,057
25 years$3,558$2,712$2,041$1,518$1,119$943
26 years$3,384$2,549$1,893$1,388$1,008$842
27 years$3,224$2,399$1,757$1,271$909$753
28 years$3,076$2,260$1,634$1,164$820$673
29 years$2,938$2,132$1,520$1,068$740$603
30 years$2,809$2,014$1,416$980$669$540
31 years$2,689$1,904$1,320$900$605$484
32 years$2,577$1,801$1,232$827$547$434
33 years$2,471$1,706$1,150$760$495$389
34 years$2,372$1,617$1,075$700$448$349
35 years$2,279$1,533$1,005$644$406$313
36 years$2,192$1,455$940$593$368$281
37 years$2,109$1,382$880$547$333$253
38 years$2,031$1,314$824$504$302$227
39 years$1,957$1,249$772$464$274$204
40 years$1,887$1,189$723$428$249$183
41 years$1,820$1,131$678$395$226$165
42 years$1,757$1,078$636$365$205$148
43 years$1,697$1,027$597$337$186$133
44 years$1,640$979$560$311$169$120
45 years$1,585$933$526$287$153$108
46 years$1,533$890$494$265$139$97
47 years$1,484$850$464$245$126$87
48 years$1,436$811$436$226$115$78
49 years$1,391$774$410$209$104$70
50 years$1,347$740$386$193$95$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,380,000, adding $3,191 every year, while hoping to spend $56,423 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: 78/13/9 Blend
39$1,380,000$1,380,000$1,380,000$1,380,000
40$1,524,052$1,450,912$1,429,522$1,640,549
41$1,619,471$1,461,973$1,417,377$1,728,579
42$1,722,732$1,471,685$1,402,934$1,817,487
43$1,834,576$1,479,922$1,386,057$1,913,350
44$1,955,815$1,486,550$1,366,603$2,016,836
45$2,087,346$1,491,429$1,344,421$2,128,681
46$2,230,151$1,494,405$1,319,356$2,249,696
47$2,385,315$1,495,319$1,291,242$2,380,774
48$2,554,027$1,494,000$1,259,909$2,522,901
49$2,737,598$1,490,266$1,225,176$2,677,161
50$2,937,470$1,483,926$1,186,857$2,844,750
51$3,155,229$1,474,776$1,144,754$3,026,985
52$3,392,621$1,462,598$1,098,661$3,225,319
53$3,651,567$1,447,164$1,048,365$3,441,352
54$3,934,182$1,428,230$993,640$3,676,848
55$4,242,793$1,405,538$934,252$3,933,751
56$4,579,964$1,378,815$869,955$4,214,204
57$4,948,514$1,347,771$800,493$4,520,569
58$5,351,551$1,312,100$725,597$4,855,448
59$5,792,493$1,271,477$644,989$5,221,712
60$6,275,107$1,225,559$558,375$5,622,523
61$6,803,538$1,173,982$465,451$6,061,368
62$7,382,353$1,116,361$365,898$6,542,089
63$8,016,580$1,052,290$259,383$7,068,923
64$8,711,757$981,338$145,558$7,646,539
65$9,473,983$903,050$24,060$8,280,084
66$10,309,974$816,945$0$8,975,231
67$11,227,131$722,514$0$9,748,375
68$12,233,603$619,222$0$10,599,394
69$13,338,365$506,499$0$11,533,614
70$14,551,307$383,746$0$12,559,452
71$15,883,321$250,329$0$13,686,185
72$17,346,404$105,580$0$14,924,034
73$18,953,777$0$0$16,284,266
74$20,719,999$0$0$17,786,620
75$22,661,114$0$0$19,454,386
76$24,794,794$0$0$21,287,650
77$27,140,511$0$0$23,303,147
78$29,719,715$0$0$25,519,317
79$32,556,040$0$0$27,956,472
80$35,675,525$0$0$30,636,994
81$39,106,859$0$0$33,585,541
82$42,881,651$0$0$36,829,282
83$47,034,726$0$0$40,398,153
84$51,604,459$0$0$44,325,135
85$56,633,129$0$0$48,646,571
86$62,167,320$0$0$53,402,501
87$68,258,364$0$0$58,637,046
88$74,962,819$0$0$64,398,821
89$82,343,004$0$0$70,741,393
90$90,467,589$0$0$77,723,784
91$99,412,238$0$0$85,411,032
92$109,260,324$0$0$93,874,801
93$120,103,719$0$0$103,194,058
94$132,043,654$0$0$113,455,816
95$145,191,677$0$0$124,755,956
96$159,670,704$0$0$137,200,132
97$175,616,181$0$0$150,904,763
98$193,177,357$0$0$165,998,140
99$212,518,695$0$0$182,621,624
100$233,821,423$0$0$200,930,993