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%17.8%
1 years$117,262$116,218$115,199$114,204$113,233$109,652
2 years$58,051$56,969$55,922$54,906$53,920$50,345
3 years$38,316$37,230$36,185$35,179$34,209$30,752
4 years$28,451$27,368$26,333$25,344$24,398$21,085
5 years$22,533$21,457$20,436$19,467$18,547$15,388
6 years$18,589$17,521$16,515$15,568$14,676$11,672
7 years$15,773$14,714$13,724$12,799$11,935$9,087
8 years$13,662$12,613$11,639$10,737$9,902$7,207
9 years$12,021$10,982$10,025$9,145$8,339$5,795
10 years$10,709$9,680$8,740$7,883$7,105$4,708
11 years$9,636$8,617$7,694$6,861$6,110$3,856
12 years$8,743$7,735$6,829$6,018$5,295$3,178
13 years$7,988$6,990$6,101$5,313$4,617$2,633
14 years$7,341$6,354$5,482$4,716$4,048$2,191
15 years$6,781$5,804$4,949$4,206$3,564$1,829
16 years$6,291$5,325$4,487$3,766$3,150$1,531
17 years$5,860$4,904$4,083$3,384$2,793$1,284
18 years$5,476$4,532$3,727$3,049$2,483$1,079
19 years$5,134$4,200$3,412$2,755$2,213$909
20 years$4,826$3,903$3,132$2,496$1,977$766
21 years$4,548$3,635$2,880$2,265$1,769$646
22 years$4,295$3,393$2,655$2,059$1,586$546
23 years$4,065$3,174$2,451$1,875$1,424$462
24 years$3,855$2,974$2,267$1,711$1,280$390
25 years$3,661$2,791$2,100$1,562$1,151$330
26 years$3,483$2,623$1,947$1,428$1,037$280
27 years$3,318$2,468$1,808$1,307$935$237
28 years$3,165$2,326$1,681$1,198$844$201
29 years$3,023$2,194$1,564$1,098$762$170
30 years$2,891$2,072$1,457$1,008$688$144
31 years$2,767$1,959$1,358$926$622$122
32 years$2,651$1,854$1,267$851$563$104
33 years$2,543$1,755$1,183$782$509$88
34 years$2,441$1,664$1,106$720$461$75
35 years$2,346$1,578$1,034$663$418$63
36 years$2,255$1,498$967$610$379$54
37 years$2,170$1,422$905$562$343$46
38 years$2,090$1,352$848$518$311$39
39 years$2,014$1,285$794$478$282$33
40 years$1,941$1,223$744$441$256$28
41 years$1,873$1,164$698$407$232$24
42 years$1,808$1,109$655$375$211$20
43 years$1,746$1,056$614$347$191$17
44 years$1,687$1,007$577$320$173$14
45 years$1,631$960$541$295$158$12
46 years$1,578$916$509$273$143$10
47 years$1,527$874$478$252$130$9
48 years$1,478$835$449$233$118$8
49 years$1,431$797$422$215$107$6
50 years$1,386$761$397$199$97$5

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 $6,328 every year, while hoping to spend $45,624 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: 40/30/30 Blend
39$1,420,000$1,420,000$1,420,000$1,420,000
40$1,571,367$1,496,107$1,474,097$1,620,100
41$1,683,103$1,520,873$1,474,936$1,681,017
42$1,804,707$1,545,323$1,474,274$1,742,209
43$1,937,137$1,569,394$1,472,012$1,807,561
44$2,081,448$1,593,017$1,468,047$1,877,485
45$2,238,801$1,616,120$1,462,272$1,952,436
46$2,410,472$1,638,623$1,454,571$2,032,917
47$2,597,868$1,660,444$1,444,828$2,119,484
48$2,802,537$1,681,492$1,432,916$2,212,753
49$3,026,182$1,701,672$1,418,705$2,313,405
50$3,270,680$1,720,880$1,402,058$2,422,191
51$3,538,094$1,739,008$1,382,832$2,539,944
52$3,830,700$1,755,940$1,360,877$2,667,582
53$4,151,000$1,771,550$1,336,035$2,806,122
54$4,501,753$1,785,707$1,308,143$2,956,687
55$4,885,994$1,798,268$1,277,028$3,120,516
56$5,307,067$1,809,085$1,242,510$3,298,981
57$5,768,654$1,817,997$1,204,401$3,493,598
58$6,274,812$1,824,834$1,162,504$3,706,038
59$6,830,007$1,829,416$1,116,612$3,938,151
60$7,439,160$1,831,549$1,066,511$4,191,978
61$8,107,690$1,831,030$1,011,974$4,469,775
62$8,841,567$1,827,643$952,768$4,774,031
63$9,647,366$1,821,157$888,645$5,107,497
64$10,532,332$1,811,328$819,349$5,473,209
65$11,504,443$1,797,897$744,610$5,874,521
66$12,572,491$1,780,588$664,149$6,315,134
67$13,746,159$1,759,111$577,673$6,799,134
68$15,036,117$1,733,157$484,874$7,331,032
69$16,454,118$1,702,399$385,435$7,915,807
70$18,013,110$1,666,489$279,019$8,558,955
71$19,727,362$1,625,061$165,280$9,266,541
72$21,612,589$1,577,726$43,854$10,045,259
73$23,686,111$1,524,072$0$10,902,495
74$25,967,006$1,463,663$0$11,873,842
75$28,476,298$1,396,040$0$12,957,616
76$31,237,148$1,320,713$0$14,149,821
77$34,275,077$1,237,168$0$15,461,541
78$37,618,204$1,144,859$0$16,905,000
79$41,297,513$1,043,210$0$18,493,673
80$45,347,143$931,610$0$20,242,414
81$49,804,710$809,417$0$22,167,602
82$54,711,661$675,949$0$24,287,291
83$60,113,667$530,488$0$26,621,386
84$66,061,053$372,274$0$29,191,828
85$72,609,270$200,504$0$32,022,807
86$79,819,420$14,333$0$35,140,990
87$87,758,830$0$0$38,575,771
88$96,501,693$0$0$42,421,332
89$106,129,758$0$0$46,661,710
90$116,733,111$0$0$51,331,878
91$128,411,015$0$0$56,475,590
92$141,272,857$0$0$62,141,058
93$155,439,170$0$0$68,381,411
94$171,042,776$0$0$75,255,191
95$188,230,038$0$0$82,826,911
96$207,162,238$0$0$91,167,661
97$228,017,104$0$0$100,355,778
98$250,990,482$0$0$110,477,587
99$276,298,188$0$0$121,628,214
100$304,178,039$0$0$133,912,486