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

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$113,959$112,944$111,954$110,987$110,043$107,514
2 years$56,415$55,365$54,346$53,359$52,401$49,867
3 years$37,237$36,181$35,166$34,188$33,246$30,786
4 years$27,649$26,597$25,592$24,630$23,711$21,344
5 years$21,898$20,853$19,860$18,918$18,025$15,758
6 years$18,065$17,028$16,050$15,129$14,262$12,097
7 years$15,329$14,300$13,338$12,439$11,599$9,537
8 years$13,277$12,258$11,311$10,434$9,623$7,662
9 years$11,683$10,672$9,742$8,888$8,104$6,243
10 years$10,407$9,407$8,494$7,661$6,905$5,142
11 years$9,365$8,375$7,478$6,668$5,938$4,272
12 years$8,497$7,517$6,636$5,848$5,146$3,572
13 years$7,763$6,793$5,929$5,163$4,487$3,004
14 years$7,134$6,175$5,327$4,583$3,934$2,537
15 years$6,590$5,641$4,810$4,088$3,463$2,151
16 years$6,114$5,175$4,361$3,660$3,061$1,829
17 years$5,695$4,766$3,968$3,288$2,714$1,559
18 years$5,322$4,404$3,622$2,964$2,413$1,332
19 years$4,989$4,082$3,316$2,678$2,151$1,140
20 years$4,690$3,793$3,043$2,425$1,921$977
21 years$4,420$3,533$2,799$2,201$1,719$839
22 years$4,174$3,298$2,580$2,001$1,541$721
23 years$3,951$3,084$2,382$1,823$1,383$620
24 years$3,746$2,890$2,203$1,662$1,243$534
25 years$3,558$2,712$2,041$1,518$1,119$460
26 years$3,384$2,549$1,893$1,388$1,008$396
27 years$3,224$2,399$1,757$1,271$909$342
28 years$3,076$2,260$1,634$1,164$820$295
29 years$2,938$2,132$1,520$1,068$740$254
30 years$2,809$2,014$1,416$980$669$220
31 years$2,689$1,904$1,320$900$605$190
32 years$2,577$1,801$1,232$827$547$164
33 years$2,471$1,706$1,150$760$495$141
34 years$2,372$1,617$1,075$700$448$122
35 years$2,279$1,533$1,005$644$406$106
36 years$2,192$1,455$940$593$368$91
37 years$2,109$1,382$880$547$333$79
38 years$2,031$1,314$824$504$302$68
39 years$1,957$1,249$772$464$274$59
40 years$1,887$1,189$723$428$249$51
41 years$1,820$1,131$678$395$226$44
42 years$1,757$1,078$636$365$205$38
43 years$1,697$1,027$597$337$186$33
44 years$1,640$979$560$311$169$29
45 years$1,585$933$526$287$153$25
46 years$1,533$890$494$265$139$21
47 years$1,484$850$464$245$126$18
48 years$1,436$811$436$226$115$16
49 years$1,391$774$410$209$104$14
50 years$1,347$740$386$193$95$12

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 $5,755 every year, while hoping to spend $50,909 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: 31/39/30 Blend
39$1,380,000$1,380,000$1,380,000$1,380,000
40$1,526,696$1,453,556$1,432,166$1,559,897
41$1,628,253$1,470,614$1,425,977$1,603,303
42$1,738,461$1,486,801$1,417,874$1,645,166
43$1,858,151$1,502,021$1,407,740$1,689,246
44$1,988,234$1,516,172$1,395,451$1,735,774
45$2,129,713$1,529,143$1,380,877$1,785,008
46$2,283,691$1,540,818$1,363,884$1,837,235
47$2,451,382$1,551,073$1,344,329$1,892,776
48$2,634,123$1,559,775$1,322,064$1,951,985
49$2,833,383$1,566,784$1,296,932$2,015,261
50$3,050,781$1,571,949$1,268,772$2,083,043
51$3,288,098$1,575,112$1,237,414$2,155,824
52$3,547,295$1,576,103$1,202,678$2,234,147
53$3,830,529$1,574,743$1,164,378$2,318,620
54$4,140,178$1,570,840$1,122,320$2,409,916
55$4,478,858$1,564,193$1,076,299$2,508,783
56$4,849,449$1,554,586$1,026,102$2,616,051
57$5,255,123$1,541,791$971,507$2,732,641
58$5,699,374$1,525,567$912,281$2,859,575
59$6,186,047$1,505,657$848,180$2,997,988
60$6,719,380$1,481,789$778,949$3,149,137
61$7,304,036$1,453,677$704,323$3,314,416
62$7,945,154$1,421,014$624,025$3,495,368
63$8,648,394$1,383,478$537,764$3,693,706
64$9,419,989$1,340,726$445,238$3,911,326
65$10,266,804$1,292,399$346,129$4,150,327
66$11,196,403$1,238,111$240,110$4,413,033
67$12,217,116$1,177,458$126,833$4,702,019
68$13,338,120$1,110,012$5,940$5,020,133
69$14,569,525$1,035,318$0$5,370,527
70$15,922,466$952,899$0$5,796,083
71$17,409,214$862,247$0$6,265,854
72$19,043,283$762,827$0$6,782,332
73$20,839,565$654,072$0$7,350,373
74$22,814,464$535,386$0$7,975,335
75$24,986,055$406,135$0$8,663,132
76$27,374,251$265,653$0$9,420,295
77$30,000,990$113,236$0$10,254,026
78$32,890,446$0$0$11,172,281
79$36,069,250$0$0$12,206,089
80$39,566,748$0$0$13,397,254
81$43,415,272$0$0$14,708,221
82$47,650,446$0$0$16,151,157
83$52,311,522$0$0$17,739,467
84$57,441,750$0$0$19,487,923
85$63,088,788$0$0$21,412,801
86$69,305,144$0$0$23,532,036
87$76,148,680$0$0$25,865,389
88$83,683,150$0$0$28,434,636
89$91,978,807$0$0$31,263,772
90$101,113,060$0$0$34,379,238
91$111,171,207$0$0$37,810,168
92$122,247,241$0$0$41,588,666
93$134,444,732$0$0$45,750,110
94$147,877,808$0$0$50,333,482
95$162,672,229$0$0$55,381,739
96$178,966,574$0$0$60,942,217
97$196,913,548$0$0$67,067,077
98$216,681,423$0$0$73,813,799
99$238,455,626$0$0$81,245,722
100$262,440,488$0$0$89,432,643