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%14.5%
1 years$82,579$81,843$81,126$80,425$79,741$78,259
2 years$40,881$40,119$39,381$38,666$37,972$36,485
3 years$26,983$26,218$25,482$24,774$24,091$22,644
4 years$20,036$19,273$18,545$17,848$17,182$15,787
5 years$15,868$15,111$14,391$13,709$13,061$11,723
6 years$13,091$12,339$11,630$10,963$10,335$9,054
7 years$11,108$10,362$9,665$9,013$8,405$7,182
8 years$9,621$8,882$8,197$7,561$6,973$5,807
9 years$8,466$7,734$7,060$6,440$5,872$4,763
10 years$7,542$6,817$6,155$5,552$5,003$3,950
11 years$6,786$6,069$5,419$4,832$4,303$3,304
12 years$6,157$5,447$4,809$4,238$3,729$2,783
13 years$5,625$4,922$4,296$3,742$3,252$2,357
14 years$5,170$4,474$3,860$3,321$2,850$2,006
15 years$4,775$4,087$3,485$2,962$2,510$1,714
16 years$4,430$3,750$3,160$2,652$2,218$1,468
17 years$4,126$3,454$2,875$2,383$1,967$1,262
18 years$3,857$3,191$2,625$2,148$1,749$1,087
19 years$3,615$2,958$2,403$1,940$1,559$938
20 years$3,399$2,748$2,205$1,757$1,392$811
21 years$3,203$2,560$2,029$1,595$1,246$702
22 years$3,025$2,390$1,870$1,450$1,117$608
23 years$2,863$2,235$1,726$1,321$1,002$527
24 years$2,714$2,094$1,596$1,205$901$458
25 years$2,578$1,965$1,479$1,100$811$398
26 years$2,453$1,847$1,371$1,006$730$346
27 years$2,336$1,738$1,273$921$658$301
28 years$2,229$1,638$1,184$844$594$262
29 years$2,129$1,545$1,102$774$537$228
30 years$2,036$1,459$1,026$710$485$199
31 years$1,949$1,380$957$652$438$173
32 years$1,867$1,305$893$599$396$151
33 years$1,791$1,236$833$551$359$132
34 years$1,719$1,172$779$507$325$115
35 years$1,652$1,111$728$467$294$100
36 years$1,588$1,055$681$430$267$87
37 years$1,528$1,002$637$396$242$76
38 years$1,472$952$597$365$219$67
39 years$1,418$905$559$337$199$58
40 years$1,367$861$524$310$180$51
41 years$1,319$820$492$286$163$44
42 years$1,273$781$461$264$148$39
43 years$1,230$744$433$244$135$34
44 years$1,188$709$406$225$122$29
45 years$1,149$676$381$208$111$26
46 years$1,111$645$358$192$101$22
47 years$1,075$616$336$178$91$20
48 years$1,041$588$316$164$83$17
49 years$1,008$561$297$152$75$15
50 years$976$536$279$140$69$13

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 $4,000 every year, while hoping to spend $25,710 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: 58/18/24 Blend
39$1,000,000$1,000,000$1,000,000$1,000,000
40$1,106,126$1,053,126$1,037,626$1,162,902
41$1,191,596$1,077,374$1,045,031$1,226,339
42$1,284,921$1,101,948$1,051,823$1,292,379
43$1,386,878$1,126,838$1,057,953$1,363,834
44$1,498,317$1,152,030$1,063,372$1,441,232
45$1,620,177$1,177,512$1,068,027$1,525,157
46$1,753,491$1,203,266$1,071,862$1,616,255
47$1,899,397$1,229,276$1,074,819$1,715,233
48$2,059,147$1,255,522$1,076,838$1,822,875
49$2,234,122$1,281,985$1,077,853$1,940,041
50$2,425,839$1,308,639$1,077,798$2,067,683
51$2,635,973$1,335,460$1,076,602$2,206,846
52$2,866,365$1,362,421$1,074,191$2,358,685
53$3,119,045$1,389,490$1,070,488$2,524,473
54$3,396,248$1,416,636$1,065,410$2,705,612
55$3,700,437$1,443,822$1,058,872$2,903,646
56$4,034,322$1,471,010$1,050,785$3,120,282
57$4,400,892$1,498,158$1,041,055$3,357,395
58$4,803,436$1,525,222$1,029,584$3,617,058
59$5,245,580$1,552,151$1,016,269$3,901,552
60$5,731,317$1,578,894$1,001,001$4,213,392
61$6,265,046$1,605,394$983,669$4,555,353
62$6,851,612$1,631,590$964,154$4,930,491
63$7,496,356$1,657,418$942,332$5,342,175
64$8,205,159$1,682,806$918,075$5,794,120
65$8,984,501$1,707,679$891,246$6,290,420
66$9,841,522$1,731,957$861,705$6,835,588
67$10,784,088$1,755,554$829,303$7,434,600
68$11,820,866$1,778,377$793,886$8,092,938
69$12,961,405$1,800,328$755,292$8,816,648
70$14,216,225$1,821,301$713,351$9,612,392
71$15,596,919$1,841,184$667,887$10,487,514
72$17,116,258$1,859,855$618,715$11,450,110
73$18,788,317$1,877,188$565,642$12,509,103
74$20,628,600$1,893,046$508,466$13,674,328
75$22,654,195$1,907,283$446,977$14,956,626
76$24,883,927$1,919,743$380,955$16,367,946
77$27,338,540$1,930,263$310,169$17,921,459
78$30,040,892$1,938,667$234,381$19,631,683
79$33,016,169$1,944,768$153,339$21,514,618
80$36,292,125$1,948,368$66,782$23,587,900
81$39,899,339$1,949,256$0$25,870,969
82$43,871,510$1,947,207$0$28,391,803
83$48,245,769$1,941,986$0$31,186,140
84$53,063,033$1,933,338$0$34,262,964
85$58,368,387$1,920,997$0$37,651,042
86$64,211,515$1,904,679$0$41,382,074
87$70,647,163$1,884,081$0$45,490,995
88$77,735,659$1,858,886$0$50,016,303
89$85,543,479$1,828,754$0$55,000,424
90$94,143,878$1,793,328$0$60,490,109
91$103,617,580$1,752,227$0$66,536,882
92$114,053,536$1,705,049$0$73,197,521
93$125,549,770$1,651,369$0$80,534,597
94$138,214,296$1,590,736$0$88,617,063
95$152,166,146$1,522,674$0$97,520,908
96$167,536,484$1,446,677$0$107,329,873
97$184,469,854$1,362,212$0$118,136,241
98$203,125,533$1,268,714$0$130,041,709
99$223,679,044$1,165,587$0$143,158,350
100$246,323,806$1,052,201$0$157,609,671