Can I retire at age 40 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$117,262$116,218$115,199$114,204$113,233$111,957
2 years$58,051$56,969$55,922$54,906$53,920$52,636
3 years$38,316$37,230$36,185$35,179$34,209$32,956
4 years$28,451$27,368$26,333$25,344$24,398$23,186
5 years$22,533$21,457$20,436$19,467$18,547$17,380
6 years$18,589$17,521$16,515$15,568$14,676$13,554
7 years$15,773$14,714$13,724$12,799$11,935$10,860
8 years$13,662$12,613$11,639$10,737$9,902$8,873
9 years$12,021$10,982$10,025$9,145$8,339$7,356
10 years$10,709$9,680$8,740$7,883$7,105$6,167
11 years$9,636$8,617$7,694$6,861$6,110$5,217
12 years$8,743$7,735$6,829$6,018$5,295$4,445
13 years$7,988$6,990$6,101$5,313$4,617$3,810
14 years$7,341$6,354$5,482$4,716$4,048$3,282
15 years$6,781$5,804$4,949$4,206$3,564$2,838
16 years$6,291$5,325$4,487$3,766$3,150$2,463
17 years$5,860$4,904$4,083$3,384$2,793$2,144
18 years$5,476$4,532$3,727$3,049$2,483$1,870
19 years$5,134$4,200$3,412$2,755$2,213$1,635
20 years$4,826$3,903$3,132$2,496$1,977$1,432
21 years$4,548$3,635$2,880$2,265$1,769$1,257
22 years$4,295$3,393$2,655$2,059$1,586$1,104
23 years$4,065$3,174$2,451$1,875$1,424$971
24 years$3,855$2,974$2,267$1,711$1,280$855
25 years$3,661$2,791$2,100$1,562$1,151$754
26 years$3,483$2,623$1,947$1,428$1,037$665
27 years$3,318$2,468$1,808$1,307$935$587
28 years$3,165$2,326$1,681$1,198$844$518
29 years$3,023$2,194$1,564$1,098$762$458
30 years$2,891$2,072$1,457$1,008$688$405
31 years$2,767$1,959$1,358$926$622$358
32 years$2,651$1,854$1,267$851$563$317
33 years$2,543$1,755$1,183$782$509$280
34 years$2,441$1,664$1,106$720$461$248
35 years$2,346$1,578$1,034$663$418$220
36 years$2,255$1,498$967$610$379$195
37 years$2,170$1,422$905$562$343$173
38 years$2,090$1,352$848$518$311$153
39 years$2,014$1,285$794$478$282$136
40 years$1,941$1,223$744$441$256$120
41 years$1,873$1,164$698$407$232$106
42 years$1,808$1,109$655$375$211$94
43 years$1,746$1,056$614$347$191$84
44 years$1,687$1,007$577$320$173$74
45 years$1,631$960$541$295$158$66
46 years$1,578$916$509$273$143$58
47 years$1,527$874$478$252$130$52
48 years$1,478$835$449$233$118$46
49 years$1,431$797$422$215$107$41
50 years$1,386$761$397$199$97$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,420,000, adding $4,897 every year, while hoping to spend $28,130 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: 33/43/24 Blend
39$1,420,000$1,420,000$1,420,000$1,420,000
40$1,569,891$1,494,631$1,472,621$1,610,042
41$1,700,090$1,537,938$1,492,024$1,683,933
42$1,842,626$1,582,424$1,511,134$1,760,633
43$1,998,729$1,628,118$1,529,911$1,842,731
44$2,169,751$1,675,047$1,548,315$1,930,721
45$2,357,182$1,723,241$1,566,300$2,025,147
46$2,562,664$1,772,729$1,583,821$2,126,608
47$2,788,004$1,823,541$1,600,827$2,235,762
48$3,035,193$1,875,708$1,617,268$2,353,335
49$3,306,425$1,929,259$1,633,088$2,480,124
50$3,604,113$1,984,226$1,648,229$2,617,007
51$3,930,919$2,040,639$1,662,632$2,764,950
52$4,289,774$2,098,532$1,676,231$2,925,019
53$4,683,907$2,157,935$1,688,960$3,098,385
54$5,116,872$2,218,881$1,700,747$3,286,337
55$5,592,589$2,281,403$1,711,519$3,490,299
56$6,115,374$2,345,532$1,721,195$3,711,833
57$6,689,982$2,411,303$1,729,695$3,952,664
58$7,321,651$2,478,748$1,736,931$4,214,692
59$8,016,153$2,547,900$1,742,811$4,500,006
60$8,779,847$2,618,793$1,747,242$4,810,911
61$9,619,738$2,691,460$1,750,121$5,149,944
62$10,543,544$2,765,935$1,751,343$5,519,902
63$11,559,771$2,842,251$1,750,798$5,923,865
64$12,677,787$2,920,441$1,748,370$6,365,227
65$13,907,917$3,000,538$1,743,936$6,847,727
66$15,261,536$3,082,576$1,737,369$7,375,484
67$16,751,177$3,166,586$1,728,535$7,953,039
68$18,390,649$3,252,601$1,717,293$8,585,392
69$20,195,169$3,340,653$1,703,496$9,278,056
70$22,181,504$3,430,772$1,686,991$10,037,104
71$24,368,127$3,522,990$1,667,615$10,869,227
72$26,775,396$3,617,336$1,645,200$11,781,801
73$29,425,740$3,713,839$1,619,567$12,782,952
74$32,343,875$3,812,527$1,590,533$13,881,634
75$35,557,037$3,913,427$1,557,902$15,087,716
76$39,095,235$4,016,565$1,521,472$16,412,074
77$42,991,537$4,121,965$1,481,030$17,866,690
78$47,282,383$4,229,651$1,436,353$19,464,772
79$52,007,925$4,339,643$1,387,210$21,220,873
80$57,212,409$4,451,960$1,333,357$23,151,033
81$62,944,589$4,566,621$1,274,539$25,272,928
82$69,258,193$4,683,641$1,210,491$27,606,035
83$76,212,421$4,803,032$1,140,936$30,171,822
84$83,872,512$4,924,805$1,065,581$32,993,946
85$92,310,355$5,048,967$984,125$36,098,478
86$101,605,168$5,175,523$896,250$39,514,150
87$111,844,245$5,304,474$801,624$43,272,626
88$123,123,781$5,435,816$699,902$47,408,802
89$135,549,780$5,569,544$590,721$51,961,135
90$149,239,053$5,705,647$473,706$56,972,006
91$164,320,323$5,844,110$348,461$62,488,121
92$180,935,436$5,984,913$214,576$68,560,955
93$199,240,707$6,128,029$71,620$75,247,235
94$219,408,385$6,273,429$0$82,609,475
95$241,628,288$6,421,075$0$90,737,300
96$266,109,589$6,570,923$0$99,706,830
97$293,082,793$6,722,923$0$109,583,506
98$322,801,908$6,877,017$0$120,459,675
99$355,546,851$7,033,139$0$132,437,099
100$391,626,080$7,191,214$0$145,627,919