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

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$114,785$113,762$112,765$111,791$110,841$108,959
2 years$56,824$55,766$54,740$53,746$52,781$50,892
3 years$37,507$36,444$35,421$34,435$33,487$31,648
4 years$27,850$26,790$25,777$24,809$23,883$22,109
5 years$22,057$21,004$20,004$19,056$18,155$16,451
6 years$18,196$17,151$16,166$15,239$14,366$12,733
7 years$15,440$14,403$13,434$12,529$11,683$10,123
8 years$13,374$12,346$11,393$10,510$9,692$8,204
9 years$11,767$10,750$9,813$8,952$8,162$6,745
10 years$10,483$9,475$8,555$7,717$6,955$5,607
11 years$9,433$8,435$7,532$6,716$5,981$4,702
12 years$8,558$7,571$6,684$5,891$5,183$3,971
13 years$7,819$6,842$5,972$5,201$4,520$3,373
14 years$7,186$6,219$5,366$4,617$3,962$2,878
15 years$6,637$5,681$4,845$4,117$3,489$2,465
16 years$6,158$5,213$4,392$3,687$3,083$2,118
17 years$5,736$4,801$3,997$3,312$2,734$1,826
18 years$5,361$4,436$3,649$2,985$2,431$1,577
19 years$5,025$4,111$3,340$2,697$2,167$1,365
20 years$4,724$3,820$3,065$2,443$1,935$1,183
21 years$4,452$3,559$2,820$2,217$1,732$1,027
22 years$4,205$3,322$2,599$2,016$1,552$893
23 years$3,979$3,107$2,399$1,836$1,393$777
24 years$3,773$2,911$2,219$1,674$1,252$677
25 years$3,584$2,732$2,055$1,529$1,127$590
26 years$3,409$2,567$1,906$1,398$1,015$514
27 years$3,248$2,416$1,770$1,280$915$449
28 years$3,098$2,277$1,646$1,173$826$392
29 years$2,959$2,148$1,531$1,075$746$343
30 years$2,829$2,028$1,426$987$674$299
31 years$2,709$1,918$1,330$906$609$262
32 years$2,595$1,814$1,241$833$551$229
33 years$2,489$1,718$1,158$766$499$200
34 years$2,390$1,628$1,082$705$452$175
35 years$2,296$1,545$1,012$649$409$153
36 years$2,208$1,466$947$597$371$134
37 years$2,124$1,392$886$551$336$118
38 years$2,046$1,323$830$507$304$103
39 years$1,971$1,258$777$468$276$90
40 years$1,900$1,197$729$432$250$79
41 years$1,833$1,140$683$398$227$69
42 years$1,770$1,085$641$367$206$61
43 years$1,709$1,034$601$339$187$53
44 years$1,652$986$565$313$170$46
45 years$1,597$940$530$289$154$41
46 years$1,544$897$498$267$140$36
47 years$1,494$856$468$247$127$31
48 years$1,447$817$440$228$115$27
49 years$1,401$780$413$211$105$24
50 years$1,357$745$388$195$95$21

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 $6,828 every year, while hoping to spend $25,206 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: 64/11/25 Blend
39$1,390,000$1,390,000$1,390,000$1,390,000
40$1,538,823$1,465,153$1,443,608$1,626,801
41$1,668,964$1,510,127$1,465,150$1,732,019
42$1,811,535$1,556,459$1,486,569$1,843,518
43$1,967,776$1,604,190$1,507,834$1,964,783
44$2,139,055$1,653,362$1,528,912$2,096,773
45$2,326,877$1,704,015$1,549,769$2,240,548
46$2,532,901$1,756,194$1,570,369$2,397,271
47$2,758,953$1,809,944$1,590,672$2,568,227
48$3,007,045$1,865,309$1,610,638$2,754,829
49$3,279,392$1,922,338$1,630,223$2,958,634
50$3,578,436$1,981,079$1,649,381$3,181,357
51$3,906,865$2,041,581$1,668,065$3,424,889
52$4,267,643$2,103,895$1,686,222$3,691,311
53$4,664,031$2,168,075$1,703,800$3,982,917
54$5,099,626$2,234,174$1,720,740$4,302,234
55$5,578,387$2,302,247$1,736,984$4,652,047
56$6,104,677$2,372,352$1,752,468$5,035,422
57$6,683,303$2,444,547$1,767,125$5,455,739
58$7,319,562$2,518,892$1,780,886$5,916,724
59$8,019,288$2,595,448$1,793,676$6,422,478
60$8,788,910$2,674,280$1,805,418$6,977,524
61$9,635,510$2,755,451$1,816,031$7,586,843
62$10,566,893$2,839,028$1,825,429$8,255,925
63$11,591,656$2,925,081$1,833,521$8,990,819
64$12,719,274$3,013,679$1,840,213$9,798,189
65$13,960,185$3,104,894$1,845,405$10,685,382
66$15,325,890$3,198,800$1,848,992$11,660,490
67$16,829,063$3,295,473$1,850,866$12,732,432
68$18,483,668$3,394,991$1,850,910$13,911,035
69$20,305,090$3,497,434$1,849,003$15,207,131
70$22,310,284$3,602,883$1,845,020$16,632,652
71$24,517,931$3,711,423$1,838,826$18,200,750
72$26,948,617$3,823,139$1,830,283$19,925,916
73$29,625,022$3,938,120$1,819,245$21,824,122
74$32,572,142$4,056,455$1,805,557$23,912,965
75$35,817,517$4,178,238$1,789,060$26,211,839
76$39,391,496$4,303,564$1,769,585$28,742,116
77$43,327,519$4,432,529$1,746,957$31,527,347
78$47,662,436$4,565,233$1,720,990$34,593,485
79$52,436,854$4,701,778$1,691,492$37,969,130
80$57,695,516$4,842,269$1,658,261$41,685,802
81$63,487,731$4,986,812$1,621,084$45,778,232
82$69,867,830$5,135,517$1,579,741$50,284,697
83$76,895,687$5,288,495$1,534,001$55,247,375
84$84,637,277$5,445,861$1,483,620$60,712,751
85$93,165,303$5,607,733$1,428,345$66,732,048
86$102,559,882$5,774,229$1,367,912$73,361,715
87$112,909,297$5,945,473$1,302,044$80,663,961
88$124,310,833$6,121,590$1,230,451$88,707,339
89$136,871,697$6,302,707$1,152,830$97,567,396
90$150,710,026$6,488,955$1,068,866$107,327,386
91$165,956,003$6,680,468$978,227$118,079,054
92$182,753,087$6,877,383$880,569$129,923,505
93$201,259,365$7,079,837$775,531$142,972,159
94$221,649,045$7,287,974$662,736$157,347,801
95$244,114,101$7,501,938$541,791$173,185,742
96$268,866,083$7,721,877$412,286$190,635,094
97$296,138,117$7,947,943$273,790$209,860,184
98$326,187,100$8,180,287$125,858$231,042,098
99$359,296,131$8,419,068$0$254,380,398
100$395,777,178$8,664,444$0$280,103,542