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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$82,579$81,843$81,126$80,425$79,741$77,562
2 years$40,881$40,119$39,381$38,666$37,972$35,792
3 years$26,983$26,218$25,482$24,774$24,091$21,979
4 years$20,036$19,273$18,545$17,848$17,182$15,154
5 years$15,868$15,111$14,391$13,709$13,061$11,123
6 years$13,091$12,339$11,630$10,963$10,335$8,488
7 years$11,108$10,362$9,665$9,013$8,405$6,650
8 years$9,621$8,882$8,197$7,561$6,973$5,308
9 years$8,466$7,734$7,060$6,440$5,872$4,297
10 years$7,542$6,817$6,155$5,552$5,003$3,515
11 years$6,786$6,069$5,419$4,832$4,303$2,899
12 years$6,157$5,447$4,809$4,238$3,729$2,407
13 years$5,625$4,922$4,296$3,742$3,252$2,009
14 years$5,170$4,474$3,860$3,321$2,850$1,684
15 years$4,775$4,087$3,485$2,962$2,510$1,417
16 years$4,430$3,750$3,160$2,652$2,218$1,196
17 years$4,126$3,454$2,875$2,383$1,967$1,011
18 years$3,857$3,191$2,625$2,148$1,749$857
19 years$3,615$2,958$2,403$1,940$1,559$727
20 years$3,399$2,748$2,205$1,757$1,392$618
21 years$3,203$2,560$2,029$1,595$1,246$526
22 years$3,025$2,390$1,870$1,450$1,117$448
23 years$2,863$2,235$1,726$1,321$1,002$382
24 years$2,714$2,094$1,596$1,205$901$326
25 years$2,578$1,965$1,479$1,100$811$279
26 years$2,453$1,847$1,371$1,006$730$238
27 years$2,336$1,738$1,273$921$658$203
28 years$2,229$1,638$1,184$844$594$174
29 years$2,129$1,545$1,102$774$537$149
30 years$2,036$1,459$1,026$710$485$127
31 years$1,949$1,380$957$652$438$109
32 years$1,867$1,305$893$599$396$93
33 years$1,791$1,236$833$551$359$80
34 years$1,719$1,172$779$507$325$68
35 years$1,652$1,111$728$467$294$58
36 years$1,588$1,055$681$430$267$50
37 years$1,528$1,002$637$396$242$43
38 years$1,472$952$597$365$219$37
39 years$1,418$905$559$337$199$31
40 years$1,367$861$524$310$180$27
41 years$1,319$820$492$286$163$23
42 years$1,273$781$461$264$148$20
43 years$1,230$744$433$244$135$17
44 years$1,188$709$406$225$122$15
45 years$1,149$676$381$208$111$12
46 years$1,111$645$358$192$101$11
47 years$1,075$616$336$178$91$9
48 years$1,041$588$316$164$83$8
49 years$1,008$561$297$152$75$7
50 years$976$536$279$140$69$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,000,000, adding $2,673 every year, while hoping to spend $36,454 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: 73/5/22 Blend
39$1,000,000$1,000,000$1,000,000$1,000,000
40$1,104,757$1,051,757$1,036,257$1,179,279
41$1,178,656$1,064,507$1,032,185$1,241,972
42$1,258,870$1,076,659$1,026,755$1,306,006
43$1,346,006$1,088,146$1,019,882$1,375,250
44$1,440,730$1,098,897$1,011,479$1,450,214
45$1,543,774$1,108,833$1,001,454$1,531,464
46$1,655,947$1,117,873$989,710$1,619,623
47$1,778,133$1,125,929$976,146$1,715,376
48$1,911,312$1,132,908$960,655$1,819,481
49$2,056,556$1,138,711$943,128$1,932,771
50$2,215,050$1,143,233$923,448$2,056,167
51$2,388,095$1,146,361$901,493$2,190,683
52$2,577,124$1,147,977$877,137$2,337,437
53$2,783,716$1,147,953$850,246$2,497,661
54$3,009,607$1,146,155$820,682$2,672,715
55$3,256,711$1,142,440$788,298$2,864,097
56$3,527,134$1,136,658$752,944$3,073,458
57$3,823,194$1,128,646$714,460$3,302,620
58$4,147,445$1,118,236$672,680$3,553,591
59$4,502,700$1,105,245$627,431$3,828,584
60$4,892,056$1,089,482$578,530$4,130,040
61$5,318,924$1,070,745$525,789$4,460,649
62$5,787,060$1,048,817$469,009$4,823,377
63$6,300,603$1,023,472$407,983$5,221,494
64$6,864,110$994,468$342,496$5,658,606
65$7,482,601$961,549$272,322$6,138,685
66$8,161,606$924,445$197,225$6,666,114
67$8,907,217$882,870$116,959$7,245,721
68$9,726,144$836,521$31,268$7,882,831
69$10,625,779$785,079$0$8,583,313
70$11,614,265$728,204$0$9,367,763
71$12,700,573$665,539$0$10,237,938
72$13,894,587$596,706$0$11,194,421
73$15,207,194$521,304$0$12,245,949
74$16,650,392$438,911$0$13,402,150
75$18,237,395$349,081$0$14,673,633
76$19,982,766$251,343$0$16,072,086
77$21,902,547$145,197$0$17,610,388
78$24,014,414$30,119$0$19,302,730
79$26,337,842$0$0$21,164,751
80$28,894,290$0$0$23,218,878
81$31,707,400$0$0$25,481,112
82$34,803,223$0$0$27,970,751
83$38,210,462$0$0$30,710,887
84$41,960,745$0$0$33,726,961
85$46,088,921$0$0$37,047,007
86$50,633,388$0$0$40,701,914
87$55,636,458$0$0$44,725,719
88$61,144,753$0$0$49,155,927
89$67,209,645$0$0$54,033,863
90$73,887,743$0$0$59,405,067
91$81,241,421$0$0$65,319,715
92$89,339,415$0$0$71,833,100
93$98,257,461$0$0$79,006,150
94$108,079,020$0$0$86,906,003
95$118,896,055$0$0$95,606,639
96$130,809,907$0$0$105,189,581
97$143,932,244$0$0$115,744,661
98$158,386,122$0$0$127,370,871
99$174,307,138$0$0$140,177,292
100$191,844,715$0$0$154,284,128