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

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$118,914$117,855$116,821$115,813$114,828$110,446
2 years$58,868$57,772$56,709$55,679$54,680$50,317
3 years$38,856$37,755$36,695$35,674$34,691$30,485
4 years$28,851$27,754$26,704$25,701$24,742$20,724
5 years$22,850$21,759$20,724$19,741$18,808$14,988
6 years$18,851$17,768$16,748$15,787$14,883$11,263
7 years$15,995$14,922$13,917$12,979$12,103$8,684
8 years$13,855$12,791$11,803$10,888$10,041$6,819
9 years$12,191$11,136$10,166$9,274$8,456$5,426
10 years$10,860$9,816$8,863$7,994$7,205$4,361
11 years$9,772$8,739$7,803$6,958$6,196$3,533
12 years$8,866$7,843$6,925$6,103$5,370$2,879
13 years$8,100$7,088$6,187$5,388$4,683$2,358
14 years$7,444$6,443$5,559$4,783$4,105$1,938
15 years$6,876$5,886$5,019$4,265$3,614$1,599
16 years$6,380$5,400$4,550$3,819$3,194$1,322
17 years$5,942$4,973$4,141$3,431$2,832$1,095
18 years$5,554$4,596$3,780$3,092$2,518$909
19 years$5,206$4,259$3,460$2,794$2,245$755
20 years$4,894$3,958$3,176$2,531$2,005$629
21 years$4,612$3,687$2,921$2,297$1,794$523
22 years$4,356$3,441$2,692$2,088$1,608$436
23 years$4,123$3,218$2,486$1,902$1,444$364
24 years$3,909$3,016$2,299$1,735$1,298$304
25 years$3,713$2,830$2,129$1,584$1,168$254
26 years$3,532$2,660$1,975$1,448$1,052$212
27 years$3,364$2,503$1,834$1,326$948$177
28 years$3,209$2,359$1,705$1,215$856$148
29 years$3,065$2,225$1,586$1,114$773$124
30 years$2,931$2,101$1,478$1,022$698$103
31 years$2,806$1,986$1,378$939$631$86
32 years$2,689$1,880$1,285$863$571$72
33 years$2,579$1,780$1,200$794$517$60
34 years$2,476$1,687$1,121$730$468$51
35 years$2,379$1,600$1,048$672$424$42
36 years$2,287$1,519$981$619$384$35
37 years$2,201$1,442$918$570$348$30
38 years$2,119$1,371$860$526$315$25
39 years$2,042$1,304$805$485$286$21
40 years$1,969$1,240$755$447$259$17
41 years$1,899$1,181$708$412$235$15
42 years$1,833$1,124$664$381$214$12
43 years$1,771$1,071$623$351$194$10
44 years$1,711$1,021$585$324$176$8
45 years$1,654$974$549$300$160$7
46 years$1,600$929$516$277$145$6
47 years$1,548$886$485$256$132$5
48 years$1,499$846$455$236$120$4
49 years$1,451$808$428$218$109$3
50 years$1,406$772$402$202$99$3

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 $3,254 every year, while hoping to spend $37,319 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: 61/34/5 Blend
39$1,440,000$1,440,000$1,440,000$1,440,000
40$1,590,237$1,513,917$1,491,597$1,685,750
41$1,712,733$1,548,391$1,501,858$1,784,390
42$1,846,474$1,583,305$1,511,212$1,887,330
43$1,992,567$1,618,638$1,519,590$1,998,675
44$2,152,230$1,654,373$1,526,917$2,119,234
45$2,326,805$1,690,485$1,533,117$2,249,899
46$2,517,772$1,726,952$1,538,109$2,391,648
47$2,726,757$1,763,744$1,541,807$2,545,563
48$2,955,551$1,800,833$1,544,123$2,712,832
49$3,206,128$1,838,185$1,544,963$2,894,766
50$3,480,662$1,875,764$1,544,227$3,092,807
51$3,781,544$1,913,531$1,541,813$3,308,544
52$4,111,410$1,951,443$1,537,613$3,543,729
53$4,473,164$1,989,454$1,531,513$3,800,291
54$4,870,002$2,027,512$1,523,394$4,080,354
55$5,305,445$2,065,563$1,513,131$4,386,259
56$5,783,373$2,103,548$1,500,593$4,720,587
57$6,308,058$2,141,403$1,485,644$5,086,180
58$6,884,206$2,179,058$1,468,139$5,486,169
59$7,517,002$2,216,439$1,447,929$5,924,006
60$8,212,158$2,253,466$1,424,856$6,403,493
61$8,975,964$2,290,052$1,398,755$6,928,821
62$9,815,354$2,326,106$1,369,454$7,504,607
63$10,737,961$2,361,527$1,336,772$8,135,940
64$11,752,201$2,396,209$1,300,521$8,828,428
65$12,867,340$2,430,037$1,260,504$9,588,250
66$14,093,590$2,462,891$1,216,512$10,422,217
67$15,442,202$2,494,639$1,168,331$11,337,833
68$16,925,571$2,525,140$1,115,735$12,343,369
69$18,557,354$2,554,247$1,058,487$13,447,942
70$20,352,599$2,581,799$996,340$14,661,597
71$22,327,883$2,607,627$929,037$15,995,404
72$24,501,475$2,631,548$856,308$17,461,565
73$26,893,503$2,653,371$777,871$19,073,527
74$29,526,142$2,672,889$693,432$20,846,110
75$32,423,830$2,689,882$602,683$22,795,646
76$35,613,492$2,704,117$505,305$24,940,135
77$39,124,796$2,715,347$400,960$27,299,415
78$42,990,433$2,723,307$289,300$29,895,350
79$47,246,425$2,727,716$169,959$32,752,036
80$51,932,463$2,728,277$42,556$35,896,029
81$57,092,285$2,724,673$0$39,356,595
82$62,774,084$2,716,568$0$43,170,976
83$69,030,965$2,703,605$0$47,372,482
84$75,921,447$2,685,405$0$51,998,043
85$83,510,012$2,661,567$0$57,090,863
86$91,867,715$2,631,665$0$62,698,555
87$101,072,853$2,595,248$0$68,873,590
88$111,211,706$2,551,837$0$75,673,798
89$122,379,349$2,500,927$0$83,162,908
90$134,680,550$2,441,979$0$91,411,157
91$148,230,755$2,374,425$0$100,495,947
92$163,157,185$2,297,664$0$110,502,585
93$179,600,027$2,211,059$0$121,525,079
94$197,713,765$2,113,936$0$133,667,037
95$217,668,632$2,005,582$0$147,042,639
96$239,652,219$1,885,243$0$161,777,719
97$263,871,246$1,752,120$0$178,010,952
98$290,553,510$1,605,371$0$195,895,170
99$319,950,039$1,444,105$0$215,598,799
100$352,337,455$1,267,378$0$237,307,455