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

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$117,262$116,218$115,199$114,204$113,233$109,872
2 years$58,051$56,969$55,922$54,906$53,920$50,562
3 years$38,316$37,230$36,185$35,179$34,209$30,959
4 years$28,451$27,368$26,333$25,344$24,398$21,281
5 years$22,533$21,457$20,436$19,467$18,547$15,571
6 years$18,589$17,521$16,515$15,568$14,676$11,844
7 years$15,773$14,714$13,724$12,799$11,935$9,247
8 years$13,662$12,613$11,639$10,737$9,902$7,356
9 years$12,021$10,982$10,025$9,145$8,339$5,932
10 years$10,709$9,680$8,740$7,883$7,105$4,835
11 years$9,636$8,617$7,694$6,861$6,110$3,973
12 years$8,743$7,735$6,829$6,018$5,295$3,285
13 years$7,988$6,990$6,101$5,313$4,617$2,731
14 years$7,341$6,354$5,482$4,716$4,048$2,280
15 years$6,781$5,804$4,949$4,206$3,564$1,910
16 years$6,291$5,325$4,487$3,766$3,150$1,605
17 years$5,860$4,904$4,083$3,384$2,793$1,351
18 years$5,476$4,532$3,727$3,049$2,483$1,140
19 years$5,134$4,200$3,412$2,755$2,213$963
20 years$4,826$3,903$3,132$2,496$1,977$815
21 years$4,548$3,635$2,880$2,265$1,769$691
22 years$4,295$3,393$2,655$2,059$1,586$586
23 years$4,065$3,174$2,451$1,875$1,424$497
24 years$3,855$2,974$2,267$1,711$1,280$422
25 years$3,661$2,791$2,100$1,562$1,151$359
26 years$3,483$2,623$1,947$1,428$1,037$305
27 years$3,318$2,468$1,808$1,307$935$259
28 years$3,165$2,326$1,681$1,198$844$221
29 years$3,023$2,194$1,564$1,098$762$188
30 years$2,891$2,072$1,457$1,008$688$160
31 years$2,767$1,959$1,358$926$622$136
32 years$2,651$1,854$1,267$851$563$116
33 years$2,543$1,755$1,183$782$509$99
34 years$2,441$1,664$1,106$720$461$84
35 years$2,346$1,578$1,034$663$418$72
36 years$2,255$1,498$967$610$379$61
37 years$2,170$1,422$905$562$343$52
38 years$2,090$1,352$848$518$311$44
39 years$2,014$1,285$794$478$282$38
40 years$1,941$1,223$744$441$256$32
41 years$1,873$1,164$698$407$232$27
42 years$1,808$1,109$655$375$211$23
43 years$1,746$1,056$614$347$191$20
44 years$1,687$1,007$577$320$173$17
45 years$1,631$960$541$295$158$14
46 years$1,578$916$509$273$143$12
47 years$1,527$874$478$252$130$11
48 years$1,478$835$449$233$118$9
49 years$1,431$797$422$215$107$8
50 years$1,386$761$397$199$97$7

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 $2,835 every year, while hoping to spend $22,799 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: 37/49/14 Blend
39$1,420,000$1,420,000$1,420,000$1,420,000
40$1,567,764$1,492,504$1,470,494$1,618,974
41$1,703,418$1,541,379$1,495,498$1,704,831
42$1,852,145$1,591,885$1,520,575$1,795,113
43$2,015,253$1,644,077$1,545,704$1,892,134
44$2,194,186$1,698,013$1,570,862$1,996,510
45$2,390,531$1,753,754$1,596,024$2,108,915
46$2,606,038$1,811,361$1,621,163$2,230,092
47$2,842,635$1,870,898$1,646,253$2,360,854
48$3,102,444$1,932,432$1,671,263$2,502,098
49$3,387,804$1,996,032$1,696,161$2,654,807
50$3,701,292$2,061,770$1,720,914$2,820,065
51$4,045,745$2,129,718$1,745,486$2,999,060
52$4,424,290$2,199,953$1,769,839$3,193,103
53$4,840,372$2,272,556$1,793,934$3,403,633
54$5,297,786$2,347,607$1,817,727$3,632,232
55$5,800,713$2,425,192$1,841,173$3,880,643
56$6,353,759$2,505,400$1,864,225$4,150,783
57$6,961,998$2,588,320$1,886,833$4,444,761
58$7,631,023$2,674,049$1,908,943$4,764,897
59$8,366,994$2,762,684$1,930,498$5,113,745
60$9,176,698$2,854,326$1,951,441$5,494,118
61$10,067,615$2,949,082$1,971,708$5,909,110
62$11,047,984$3,047,059$1,991,233$6,362,127
63$12,126,885$3,148,372$2,009,946$6,856,919
64$13,314,323$3,253,138$2,027,775$7,397,615
65$14,621,320$3,361,477$2,044,641$7,988,762
66$16,060,022$3,473,517$2,060,464$8,635,364
67$17,643,812$3,589,388$2,075,158$9,342,934
68$19,387,438$3,709,224$2,088,632$10,117,540
69$21,307,148$3,833,168$2,100,793$10,965,868
70$23,420,847$3,961,363$2,111,540$11,895,277
71$25,748,266$4,093,962$2,120,768$12,913,876
72$28,311,143$4,231,121$2,128,368$14,030,593
73$31,133,436$4,373,002$2,134,225$15,255,263
74$34,241,541$4,519,774$2,138,216$16,598,718
75$37,664,546$4,671,611$2,140,214$18,072,891
76$41,434,505$4,828,694$2,140,086$19,690,923
77$45,586,736$4,991,213$2,137,691$21,467,294
78$50,160,162$5,159,360$2,132,882$23,417,951
79$55,197,670$5,333,340$2,125,505$25,560,465
80$60,746,520$5,513,362$2,115,398$27,914,189
81$66,858,792$5,699,643$2,102,390$30,500,445
82$73,591,873$5,892,411$2,086,305$33,342,724
83$81,009,004$6,091,898$2,066,956$36,466,905
84$89,179,871$6,298,350$2,044,147$39,901,499
85$98,181,266$6,512,018$2,017,675$43,677,918
86$108,097,813$6,733,164$1,987,325$47,830,770
87$119,022,763$6,962,062$1,952,873$52,398,184
88$131,058,875$7,198,993$1,914,084$57,422,173
89$144,319,388$7,444,252$1,870,714$62,949,022
90$158,929,087$7,698,142$1,822,504$69,029,733
91$175,025,483$7,960,980$1,769,187$75,720,496
92$192,760,109$8,233,094$1,710,481$83,083,227
93$212,299,950$8,514,826$1,646,093$91,186,146
94$233,829,022$8,806,529$1,575,714$100,104,419
95$257,550,105$9,108,572$1,499,023$109,920,873
96$283,686,660$9,421,336$1,415,685$120,726,769
97$312,484,937$9,745,219$1,325,347$132,622,666
98$344,216,299$10,080,633$1,227,645$145,719,369
99$379,179,783$10,428,006$1,122,192$160,138,973
100$417,704,925$10,787,782$1,008,590$176,016,013