Can I retire at age 40 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$116,436$115,399$114,387$113,400$112,435$109,584
2 years$57,642$56,568$55,528$54,519$53,541$50,686
3 years$38,046$36,968$35,930$34,931$33,968$31,201
4 years$28,250$27,175$26,148$25,166$24,227$21,566
5 years$22,374$21,306$20,292$19,330$18,417$15,872
6 years$18,458$17,398$16,399$15,458$14,572$12,145
7 years$15,662$14,611$13,628$12,709$11,851$9,542
8 years$13,566$12,524$11,557$10,661$9,832$7,639
9 years$11,937$10,904$9,954$9,081$8,280$6,202
10 years$10,634$9,612$8,678$7,828$7,055$5,089
11 years$9,569$8,557$7,640$6,813$6,067$4,212
12 years$8,681$7,680$6,781$5,976$5,258$3,508
13 years$7,931$6,941$6,058$5,276$4,585$2,938
14 years$7,289$6,309$5,443$4,683$4,019$2,472
15 years$6,733$5,763$4,914$4,176$3,539$2,087
16 years$6,247$5,288$4,456$3,740$3,128$1,767
17 years$5,818$4,870$4,054$3,360$2,773$1,500
18 years$5,438$4,500$3,701$3,028$2,466$1,276
19 years$5,098$4,170$3,388$2,736$2,198$1,087
20 years$4,792$3,875$3,110$2,478$1,963$927
21 years$4,516$3,610$2,860$2,249$1,757$792
22 years$4,265$3,370$2,636$2,045$1,575$678
23 years$4,037$3,151$2,434$1,862$1,414$580
24 years$3,827$2,953$2,251$1,698$1,270$497
25 years$3,635$2,771$2,085$1,551$1,143$426
26 years$3,458$2,604$1,934$1,418$1,030$365
27 years$3,294$2,451$1,796$1,298$928$314
28 years$3,143$2,309$1,669$1,189$838$269
29 years$3,002$2,179$1,553$1,091$756$231
30 years$2,870$2,058$1,447$1,001$684$199
31 years$2,747$1,945$1,349$919$618$171
32 years$2,633$1,840$1,259$845$559$147
33 years$2,525$1,743$1,175$777$506$126
34 years$2,424$1,652$1,098$715$458$108
35 years$2,329$1,567$1,026$658$415$93
36 years$2,239$1,487$960$606$376$80
37 years$2,155$1,412$899$558$341$69
38 years$2,075$1,342$842$515$309$59
39 years$1,999$1,276$789$475$280$51
40 years$1,928$1,214$739$438$254$44
41 years$1,860$1,156$693$404$230$38
42 years$1,795$1,101$650$373$209$32
43 years$1,734$1,049$610$344$190$28
44 years$1,675$1,000$573$318$172$24
45 years$1,620$953$538$293$156$21
46 years$1,566$910$505$271$142$18
47 years$1,516$868$474$250$129$15
48 years$1,467$829$446$231$117$13
49 years$1,421$791$419$214$106$11
50 years$1,377$756$394$198$97$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,410,000, adding $6,445 every year, while hoping to spend $20,153 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: 67/22/11 Blend
39$1,410,000$1,410,000$1,410,000$1,410,000
40$1,560,468$1,485,738$1,463,883$1,660,906
41$1,698,193$1,537,097$1,491,480$1,779,910
42$1,849,291$1,590,296$1,519,327$1,906,970
43$2,015,104$1,645,406$1,547,410$2,045,365
44$2,197,111$1,702,497$1,575,714$2,196,201
45$2,396,941$1,761,645$1,604,226$2,360,697
46$2,616,390$1,822,926$1,632,928$2,540,193
47$2,857,433$1,886,421$1,661,803$2,736,166
48$3,122,250$1,952,214$1,690,832$2,950,242
49$3,413,238$2,020,392$1,719,994$3,184,209
50$3,733,042$2,091,044$1,749,267$3,440,038
51$4,084,573$2,164,266$1,778,628$3,719,897
52$4,471,039$2,240,154$1,808,051$4,026,175
53$4,895,974$2,318,811$1,837,510$4,361,502
54$5,363,273$2,400,342$1,866,976$4,728,774
55$5,877,225$2,484,858$1,896,418$5,131,181
56$6,442,558$2,572,472$1,925,804$5,572,235
57$7,064,479$2,663,303$1,955,099$6,055,806
58$7,748,727$2,757,476$1,984,266$6,586,155
59$8,501,623$2,855,119$2,013,265$7,167,974
60$9,330,135$2,956,365$2,042,056$7,806,434
61$10,241,937$3,061,356$2,070,593$8,507,229
62$11,245,487$3,170,235$2,098,830$9,276,631
63$12,350,104$3,283,153$2,126,718$10,121,551
64$13,566,055$3,400,268$2,154,204$11,049,599
65$14,904,655$3,521,744$2,181,232$12,069,162
66$16,378,370$3,647,750$2,207,744$13,189,476
67$18,000,938$3,778,463$2,233,677$14,420,719
68$19,787,495$3,914,069$2,258,966$15,774,100
69$21,754,720$4,054,759$2,283,542$17,261,973
70$23,920,992$4,200,733$2,307,331$18,897,944
71$26,306,564$4,352,199$2,330,258$20,697,006
72$28,933,751$4,509,375$2,352,239$22,675,677
73$31,827,145$4,672,486$2,373,190$24,852,157
74$35,013,843$4,841,767$2,393,021$27,246,495
75$38,523,704$5,017,463$2,411,637$29,880,785
76$42,389,633$5,199,829$2,428,937$32,779,369
77$46,647,886$5,389,131$2,444,817$35,969,066
78$51,338,418$5,585,646$2,459,167$39,479,427
79$56,505,256$5,789,663$2,471,869$43,343,014
80$62,196,917$6,001,481$2,482,801$47,595,703
81$68,466,864$6,221,415$2,491,836$52,277,026
82$75,374,010$6,449,789$2,498,838$57,430,541
83$82,983,275$6,686,946$2,503,665$63,104,246
84$91,366,201$6,933,238$2,506,170$69,351,025
85$100,601,622$7,189,035$2,506,195$76,229,154
86$110,776,412$7,454,722$2,503,577$83,802,845
87$121,986,304$7,730,702$2,498,145$92,142,855
88$134,336,791$8,017,391$2,489,717$101,327,151
89$147,944,127$8,315,226$2,478,106$111,441,646
90$162,936,418$8,624,662$2,463,113$122,581,009
91$179,454,835$8,946,173$2,444,529$134,849,559
92$197,654,947$9,280,253$2,422,139$148,362,246
93$217,708,185$9,627,419$2,395,714$163,245,741
94$239,803,464$9,988,207$2,365,015$179,639,623
95$264,148,967$10,363,179$2,329,793$197,697,703
96$290,974,107$10,752,920$2,289,786$217,589,470
97$320,531,691$11,158,038$2,244,719$239,501,695
98$353,100,314$11,579,172$2,194,308$263,640,188
99$388,986,979$12,016,985$2,138,250$290,231,741
100$428,530,003$12,472,169$2,076,233$319,526,273