Can I retire at age 40 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$118,914$117,855$116,821$115,813$114,828$110,228
2 years$58,868$57,772$56,709$55,679$54,680$50,104
3 years$38,856$37,755$36,695$35,674$34,691$30,282
4 years$28,851$27,754$26,704$25,701$24,742$20,534
5 years$22,850$21,759$20,724$19,741$18,808$14,812
6 years$18,851$17,768$16,748$15,787$14,883$11,101
7 years$15,995$14,922$13,917$12,979$12,103$8,534
8 years$13,855$12,791$11,803$10,888$10,041$6,681
9 years$12,191$11,136$10,166$9,274$8,456$5,300
10 years$10,860$9,816$8,863$7,994$7,205$4,246
11 years$9,772$8,739$7,803$6,958$6,196$3,429
12 years$8,866$7,843$6,925$6,103$5,370$2,785
13 years$8,100$7,088$6,187$5,388$4,683$2,273
14 years$7,444$6,443$5,559$4,783$4,105$1,862
15 years$6,876$5,886$5,019$4,265$3,614$1,530
16 years$6,380$5,400$4,550$3,819$3,194$1,261
17 years$5,942$4,973$4,141$3,431$2,832$1,041
18 years$5,554$4,596$3,780$3,092$2,518$860
19 years$5,206$4,259$3,460$2,794$2,245$712
20 years$4,894$3,958$3,176$2,531$2,005$590
21 years$4,612$3,687$2,921$2,297$1,794$490
22 years$4,356$3,441$2,692$2,088$1,608$407
23 years$4,123$3,218$2,486$1,902$1,444$338
24 years$3,909$3,016$2,299$1,735$1,298$281
25 years$3,713$2,830$2,129$1,584$1,168$234
26 years$3,532$2,660$1,975$1,448$1,052$194
27 years$3,364$2,503$1,834$1,326$948$162
28 years$3,209$2,359$1,705$1,215$856$135
29 years$3,065$2,225$1,586$1,114$773$112
30 years$2,931$2,101$1,478$1,022$698$93
31 years$2,806$1,986$1,378$939$631$78
32 years$2,689$1,880$1,285$863$571$65
33 years$2,579$1,780$1,200$794$517$54
34 years$2,476$1,687$1,121$730$468$45
35 years$2,379$1,600$1,048$672$424$37
36 years$2,287$1,519$981$619$384$31
37 years$2,201$1,442$918$570$348$26
38 years$2,119$1,371$860$526$315$22
39 years$2,042$1,304$805$485$286$18
40 years$1,969$1,240$755$447$259$15
41 years$1,899$1,181$708$412$235$13
42 years$1,833$1,124$664$381$214$10
43 years$1,771$1,071$623$351$194$9
44 years$1,711$1,021$585$324$176$7
45 years$1,654$974$549$300$160$6
46 years$1,600$929$516$277$145$5
47 years$1,548$886$485$256$132$4
48 years$1,499$846$455$236$120$3
49 years$1,451$808$428$218$109$3
50 years$1,406$772$402$202$99$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,440,000, adding $6,130 every year, while hoping to spend $40,394 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: 63/22/15 Blend
39$1,440,000$1,440,000$1,440,000$1,440,000
40$1,593,203$1,516,883$1,494,563$1,687,352
41$1,712,731$1,548,231$1,501,652$1,782,616
42$1,843,097$1,579,762$1,507,625$1,881,435
43$1,985,363$1,611,441$1,512,401$1,988,368
44$2,140,701$1,643,232$1,515,897$2,104,207
45$2,310,397$1,675,095$1,518,024$2,229,822
46$2,495,869$1,706,986$1,518,689$2,366,173
47$2,698,678$1,738,860$1,517,796$2,514,320
48$2,920,544$1,770,664$1,515,243$2,675,427
49$3,163,357$1,802,345$1,510,921$2,850,778
50$3,429,203$1,833,842$1,504,720$3,041,791
51$3,720,375$1,865,094$1,496,521$3,250,024
52$4,039,400$1,896,031$1,486,202$3,477,199
53$4,389,062$1,926,579$1,473,633$3,725,208
54$4,772,425$1,956,660$1,458,678$3,996,143
55$5,192,865$1,986,189$1,441,196$4,292,304
56$5,654,099$2,015,075$1,421,039$4,616,230
57$6,160,224$2,043,220$1,398,050$4,970,716
58$6,715,750$2,070,521$1,372,068$5,358,846
59$7,325,646$2,096,866$1,342,922$5,784,018
60$7,995,385$2,122,136$1,310,433$6,249,976
61$8,730,997$2,146,203$1,274,415$6,760,848
62$9,539,125$2,168,933$1,234,674$7,321,184
63$10,427,084$2,190,179$1,191,004$7,936,000
64$11,402,937$2,209,788$1,143,193$8,610,824
65$12,475,564$2,227,595$1,091,017$9,351,748
66$13,654,749$2,243,425$1,034,244$10,165,489
67$14,951,271$2,257,091$972,629$11,059,450
68$16,377,007$2,268,394$905,918$12,041,790
69$17,945,039$2,277,123$833,844$13,121,504
70$19,669,785$2,283,053$756,129$14,308,506
71$21,567,126$2,285,947$672,483$15,613,721
72$23,654,564$2,285,549$582,602$17,049,195
73$25,951,380$2,281,591$486,170$18,628,202
74$28,478,818$2,273,786$382,854$20,365,377
75$31,260,288$2,261,832$272,310$22,276,845
76$34,321,581$2,245,406$154,176$24,380,385
77$37,691,118$2,224,166$28,076$26,695,590
78$41,400,212$2,197,751$0$29,244,057
79$45,483,369$2,165,776$0$32,066,632
80$49,978,609$2,127,835$0$35,178,412
81$54,927,825$2,083,497$0$38,603,882
82$60,377,180$2,032,305$0$42,374,986
83$66,377,541$1,973,777$0$46,526,928
84$72,984,958$1,907,400$0$51,098,502
85$80,261,195$1,832,633$0$56,132,462
86$88,274,308$1,748,904$0$61,675,926
87$97,099,293$1,655,605$0$67,780,818
88$106,818,788$1,552,097$0$74,504,365
89$117,523,856$1,437,701$0$81,909,629
90$129,314,841$1,311,700$0$90,066,110
91$142,302,318$1,173,338$0$99,050,401
92$156,608,136$1,021,812$0$108,946,910
93$172,366,562$856,277$0$119,848,660
94$189,725,557$675,840$0$131,858,165
95$208,848,163$479,556$0$145,088,402
96$229,914,050$266,428$0$159,663,877
97$253,121,203$35,403$0$175,721,800
98$278,687,797$0$0$193,413,385
99$306,854,253$0$0$212,957,233
100$337,885,506$0$0$234,498,490