Can I retire at age 40 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$114,785$113,762$112,765$111,791$110,841$108,781
2 years$56,824$55,766$54,740$53,746$52,781$50,714
3 years$37,507$36,444$35,421$34,435$33,487$31,476
4 years$27,850$26,790$25,777$24,809$23,883$21,944
5 years$22,057$21,004$20,004$19,056$18,155$16,294
6 years$18,196$17,151$16,166$15,239$14,366$12,585
7 years$15,440$14,403$13,434$12,529$11,683$9,982
8 years$13,374$12,346$11,393$10,510$9,692$8,071
9 years$11,767$10,750$9,813$8,952$8,162$6,620
10 years$10,483$9,475$8,555$7,717$6,955$5,490
11 years$9,433$8,435$7,532$6,716$5,981$4,592
12 years$8,558$7,571$6,684$5,891$5,183$3,868
13 years$7,819$6,842$5,972$5,201$4,520$3,277
14 years$7,186$6,219$5,366$4,617$3,962$2,788
15 years$6,637$5,681$4,845$4,117$3,489$2,382
16 years$6,158$5,213$4,392$3,687$3,083$2,041
17 years$5,736$4,801$3,997$3,312$2,734$1,754
18 years$5,361$4,436$3,649$2,985$2,431$1,511
19 years$5,025$4,111$3,340$2,697$2,167$1,303
20 years$4,724$3,820$3,065$2,443$1,935$1,127
21 years$4,452$3,559$2,820$2,217$1,732$975
22 years$4,205$3,322$2,599$2,016$1,552$845
23 years$3,979$3,107$2,399$1,836$1,393$733
24 years$3,773$2,911$2,219$1,674$1,252$636
25 years$3,584$2,732$2,055$1,529$1,127$553
26 years$3,409$2,567$1,906$1,398$1,015$481
27 years$3,248$2,416$1,770$1,280$915$418
28 years$3,098$2,277$1,646$1,173$826$364
29 years$2,959$2,148$1,531$1,075$746$317
30 years$2,829$2,028$1,426$987$674$276
31 years$2,709$1,918$1,330$906$609$241
32 years$2,595$1,814$1,241$833$551$210
33 years$2,489$1,718$1,158$766$499$183
34 years$2,390$1,628$1,082$705$452$160
35 years$2,296$1,545$1,012$649$409$139
36 years$2,208$1,466$947$597$371$121
37 years$2,124$1,392$886$551$336$106
38 years$2,046$1,323$830$507$304$92
39 years$1,971$1,258$777$468$276$81
40 years$1,900$1,197$729$432$250$70
41 years$1,833$1,140$683$398$227$61
42 years$1,770$1,085$641$367$206$54
43 years$1,709$1,034$601$339$187$47
44 years$1,652$986$565$313$170$41
45 years$1,597$940$530$289$154$36
46 years$1,544$897$498$267$140$31
47 years$1,494$856$468$247$127$27
48 years$1,447$817$440$228$115$24
49 years$1,401$780$413$211$105$21
50 years$1,357$745$388$195$95$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,390,000, adding $2,087 every year, while hoping to spend $57,774 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: 48/45/7 Blend
39$1,390,000$1,390,000$1,390,000$1,390,000
40$1,533,933$1,460,263$1,438,718$1,604,632
41$1,628,923$1,470,345$1,425,444$1,663,344
42$1,731,665$1,478,984$1,409,789$1,720,779
43$1,842,891$1,486,049$1,391,612$1,781,779
44$1,963,400$1,491,401$1,370,766$1,846,693
45$2,094,077$1,494,889$1,347,096$1,915,906
46$2,235,891$1,496,357$1,320,442$1,989,845
47$2,389,908$1,495,635$1,290,633$2,068,983
48$2,557,303$1,492,545$1,257,494$2,153,843
49$2,739,366$1,486,898$1,220,838$2,245,006
50$2,937,519$1,478,493$1,180,473$2,343,115
51$3,153,322$1,467,116$1,136,196$2,448,881
52$3,388,498$1,452,541$1,087,795$2,563,091
53$3,644,938$1,434,529$1,035,049$2,686,619
54$3,924,725$1,412,824$977,727$2,820,428
55$4,230,153$1,387,159$915,586$2,965,589
56$4,563,745$1,357,246$848,375$3,123,282
57$4,928,280$1,322,784$775,829$3,294,817
58$5,326,817$1,283,453$697,672$3,481,640
59$5,762,724$1,238,914$613,616$3,685,353
60$6,239,710$1,188,809$523,360$3,907,726
61$6,761,859$1,132,759$426,590$4,150,718
62$7,333,665$1,070,361$322,978$4,416,494
63$7,960,082$1,001,192$212,181$4,707,449
64$8,646,563$924,802$93,841$5,026,230
65$9,399,112$840,718$0$5,375,762
66$10,224,346$748,438$0$5,761,705
67$11,129,550$647,431$0$6,192,845
68$12,122,747$537,138$0$6,666,148
69$13,212,776$416,967$0$7,186,008
70$14,409,375$286,294$0$7,757,281
71$15,723,266$144,458$0$8,385,328
72$17,166,265$0$0$9,076,069
73$18,751,385$0$0$9,840,616
74$20,492,964$0$0$10,759,381
75$22,406,795$0$0$11,769,182
76$24,510,278$0$0$12,879,223
77$26,822,584$0$0$14,099,639
78$29,364,831$0$0$15,441,601
79$32,160,286$0$0$16,917,412
80$35,234,586$0$0$18,540,629
81$38,615,974$0$0$20,326,191
82$42,335,569$0$0$22,290,554
83$46,427,656$0$0$24,451,852
84$50,930,013$0$0$26,830,063
85$55,884,263$0$0$29,447,202
86$61,336,266$0$0$32,327,523
87$67,336,556$0$0$35,497,754
88$73,940,812$0$0$38,987,342
89$81,210,382$0$0$42,828,736
90$89,212,869$0$0$47,057,690
91$98,022,759$0$0$51,713,601
92$107,722,128$0$0$56,839,879
93$118,401,416$0$0$62,484,359
94$130,160,278$0$0$68,699,751
95$143,108,524$0$0$75,544,135
96$157,367,156$0$0$83,081,513
97$173,069,507$0$0$91,382,407
98$190,362,502$0$0$100,524,530
99$209,408,039$0$0$110,593,514
100$230,384,521$0$0$121,683,723