Can I retire at age 40 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$118,088$117,036$116,010$115,008$114,030$112,326
2 years$58,459$57,371$56,316$55,292$54,300$52,587
3 years$38,586$37,492$36,440$35,426$34,450$32,782
4 years$28,651$27,561$26,519$25,523$24,570$22,959
5 years$22,692$21,608$20,580$19,604$18,678$17,128
6 years$18,720$17,645$16,631$15,677$14,779$13,293
7 years$15,884$14,818$13,821$12,889$12,019$10,598
8 years$13,758$12,702$11,721$10,812$9,971$8,614
9 years$12,106$11,059$10,095$9,210$8,397$7,103
10 years$10,785$9,748$8,801$7,939$7,155$5,923
11 years$9,704$8,678$7,749$6,909$6,153$4,983
12 years$8,805$7,789$6,877$6,060$5,332$4,221
13 years$8,044$7,039$6,144$5,350$4,650$3,597
14 years$7,393$6,398$5,520$4,749$4,076$3,079
15 years$6,828$5,845$4,984$4,236$3,589$2,647
16 years$6,335$5,363$4,519$3,793$3,172$2,283
17 years$5,901$4,939$4,112$3,408$2,812$1,974
18 years$5,515$4,564$3,754$3,071$2,501$1,711
19 years$5,170$4,230$3,436$2,775$2,229$1,486
20 years$4,860$3,930$3,154$2,513$1,991$1,293
21 years$4,580$3,661$2,901$2,281$1,782$1,127
22 years$4,326$3,417$2,674$2,074$1,597$984
23 years$4,094$3,196$2,469$1,889$1,434$859
24 years$3,882$2,995$2,283$1,723$1,289$751
25 years$3,687$2,810$2,114$1,573$1,159$657
26 years$3,507$2,641$1,961$1,438$1,044$576
27 years$3,341$2,486$1,821$1,317$942$505
28 years$3,187$2,342$1,693$1,206$850$442
29 years$3,044$2,210$1,575$1,106$767$388
30 years$2,911$2,087$1,467$1,015$693$341
31 years$2,786$1,973$1,368$932$627$299
32 years$2,670$1,867$1,276$857$567$263
33 years$2,561$1,768$1,192$788$513$231
34 years$2,458$1,675$1,114$725$465$203
35 years$2,362$1,589$1,041$667$421$178
36 years$2,271$1,508$974$615$381$157
37 years$2,185$1,432$912$566$346$138
38 years$2,104$1,361$854$522$313$121
39 years$2,028$1,295$800$481$284$106
40 years$1,955$1,232$750$444$258$94
41 years$1,886$1,172$703$410$234$82
42 years$1,821$1,117$659$378$212$72
43 years$1,758$1,064$619$349$192$64
44 years$1,699$1,014$581$322$175$56
45 years$1,643$967$545$298$159$49
46 years$1,589$922$512$275$144$43
47 years$1,537$880$481$254$131$38
48 years$1,488$840$452$235$119$34
49 years$1,441$803$425$217$108$30
50 years$1,396$767$400$200$98$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,430,000, adding $4,942 every year, while hoping to spend $21,602 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: 40/38/22 Blend
39$1,430,000$1,430,000$1,430,000$1,430,000
40$1,580,958$1,505,168$1,483,003$1,633,726
41$1,719,231$1,555,937$1,509,699$1,722,860
42$1,870,884$1,608,469$1,536,565$1,816,806
43$2,037,259$1,662,829$1,563,585$1,918,006
44$2,219,834$1,719,082$1,590,740$2,027,135
45$2,420,237$1,777,297$1,618,009$2,144,931
46$2,640,261$1,837,545$1,645,373$2,272,210
47$2,881,883$1,899,899$1,672,808$2,409,867
48$3,147,278$1,964,437$1,700,290$2,558,886
49$3,438,843$2,031,237$1,727,792$2,720,350
50$3,759,220$2,100,383$1,755,289$2,895,449
51$4,111,319$2,171,960$1,782,749$3,085,493
52$4,498,345$2,246,057$1,810,142$3,291,925
53$4,923,828$2,322,766$1,837,434$3,516,329
54$5,391,661$2,402,184$1,864,590$3,760,452
55$5,906,129$2,484,410$1,891,573$4,026,214
56$6,471,955$2,569,547$1,918,341$4,315,728
57$7,094,342$2,657,702$1,944,854$4,631,322
58$7,779,024$2,748,989$1,971,065$4,975,557
59$8,532,316$2,843,521$1,996,928$5,351,254
60$9,361,179$2,941,421$2,022,392$5,761,515
61$10,273,281$3,042,812$2,047,404$6,209,761
62$11,277,071$3,147,825$2,071,907$6,699,753
63$12,381,860$3,256,595$2,095,843$7,235,637
64$13,597,904$3,369,263$2,119,148$7,821,975
65$14,936,507$3,485,974$2,141,756$8,463,794
66$16,410,123$3,606,879$2,163,598$9,166,627
67$18,032,476$3,732,137$2,184,599$9,936,571
68$19,818,688$3,861,911$2,204,682$10,780,338
69$21,785,421$3,996,371$2,223,766$11,705,323
70$23,951,035$4,135,694$2,241,763$12,719,670
71$26,335,762$4,280,064$2,258,583$13,832,349
72$28,961,895$4,429,673$2,274,131$15,053,244
73$31,854,000$4,584,719$2,288,307$16,393,238
74$35,039,147$4,745,409$2,301,004$17,864,322
75$38,547,164$4,911,958$2,312,111$19,479,706
76$42,410,920$5,084,590$2,321,513$21,253,940
77$46,666,636$5,263,537$2,329,085$23,203,057
78$51,354,224$5,449,041$2,334,701$25,344,715
79$56,517,664$5,641,354$2,338,223$27,698,373
80$62,205,423$5,840,737$2,339,510$30,285,465
81$68,470,907$6,047,463$2,338,414$33,129,609
82$75,372,966$6,261,816$2,334,778$36,256,822
83$82,976,453$6,484,090$2,328,438$39,695,773
84$91,352,833$6,714,592$2,319,222$43,478,046
85$100,580,856$6,953,641$2,306,950$47,638,442
86$110,747,303$7,201,569$2,291,433$52,215,302
87$121,947,805$7,458,723$2,272,473$57,250,874
88$134,287,743$7,725,462$2,249,862$62,791,706
89$147,883,244$8,002,161$2,223,384$68,889,088
90$162,862,278$8,289,209$2,192,810$75,599,533
91$179,365,864$8,587,014$2,157,903$82,985,309
92$197,549,402$8,895,998$2,118,413$91,115,029
93$217,584,140$9,216,601$2,074,079$100,064,295
94$239,658,790$9,549,282$2,024,628$109,916,412
95$263,981,307$9,894,518$1,969,774$120,763,174
96$290,780,857$10,252,805$1,909,217$132,705,726
97$320,309,974$10,624,663$1,842,646$145,855,521
98$352,846,950$11,010,630$1,769,734$160,335,370
99$388,698,457$11,411,269$1,690,137$176,280,602
100$428,202,442$11,827,163$1,603,499$193,840,336