Can I retire at age 40 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$85,056$84,299$83,560$82,838$82,134$80,640
2 years$42,107$41,323$40,563$39,826$39,111$37,612
3 years$27,793$27,005$26,247$25,517$24,814$23,355
4 years$20,637$19,852$19,101$18,384$17,697$16,291
5 years$16,344$15,564$14,823$14,120$13,453$12,103
6 years$13,484$12,709$11,979$11,292$10,645$9,353
7 years$11,441$10,673$9,955$9,284$8,657$7,423
8 years$9,910$9,149$8,443$7,788$7,182$6,005
9 years$8,720$7,966$7,272$6,634$6,048$4,929
10 years$7,768$7,021$6,339$5,718$5,154$4,090
11 years$6,990$6,251$5,581$4,977$4,432$3,423
12 years$6,342$5,610$4,953$4,365$3,841$2,885
13 years$5,794$5,070$4,425$3,854$3,349$2,446
14 years$5,325$4,609$3,976$3,421$2,936$2,083
15 years$4,918$4,210$3,590$3,051$2,585$1,780
16 years$4,563$3,863$3,255$2,732$2,285$1,527
17 years$4,250$3,557$2,962$2,454$2,026$1,313
18 years$3,972$3,287$2,704$2,212$1,801$1,131
19 years$3,724$3,046$2,475$1,999$1,605$977
20 years$3,501$2,831$2,272$1,810$1,434$845
21 years$3,299$2,637$2,089$1,643$1,283$732
22 years$3,116$2,461$1,926$1,494$1,150$635
23 years$2,949$2,302$1,778$1,360$1,033$551
24 years$2,796$2,157$1,644$1,241$928$479
25 years$2,655$2,024$1,523$1,133$835$416
26 years$2,526$1,902$1,413$1,036$752$362
27 years$2,407$1,790$1,312$948$678$316
28 years$2,296$1,687$1,219$869$612$275
29 years$2,193$1,592$1,135$797$553$240
30 years$2,097$1,503$1,057$731$499$209
31 years$2,007$1,421$985$672$451$182
32 years$1,923$1,344$919$617$408$159
33 years$1,845$1,273$858$568$370$139
34 years$1,771$1,207$802$522$335$121
35 years$1,701$1,145$750$481$303$106
36 years$1,636$1,086$701$443$275$92
37 years$1,574$1,032$657$408$249$81
38 years$1,516$981$615$376$226$70
39 years$1,461$932$576$347$205$61
40 years$1,408$887$540$320$186$54
41 years$1,359$844$506$295$168$47
42 years$1,311$804$475$272$153$41
43 years$1,266$766$446$251$139$36
44 years$1,224$730$418$232$126$31
45 years$1,183$697$393$214$114$27
46 years$1,144$664$369$198$104$24
47 years$1,107$634$347$183$94$21
48 years$1,072$605$326$169$86$18
49 years$1,038$578$306$156$78$16
50 years$1,006$552$288$144$71$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,030,000, adding $3,216 every year, while hoping to spend $26,603 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: 38/50/12 Blend
39$1,030,000$1,030,000$1,030,000$1,030,000
40$1,138,377$1,083,787$1,067,822$1,177,361
41$1,226,186$1,108,587$1,075,289$1,230,194
42$1,322,060$1,133,711$1,082,114$1,284,426
43$1,426,794$1,159,146$1,088,248$1,342,447
44$1,541,261$1,184,879$1,093,639$1,404,611
45$1,666,426$1,210,894$1,098,232$1,471,305
46$1,803,348$1,237,175$1,101,970$1,542,958
47$1,953,195$1,263,702$1,104,791$1,620,042
48$2,117,253$1,290,455$1,106,633$1,703,075
49$2,296,936$1,317,411$1,107,429$1,792,631
50$2,493,805$1,344,545$1,107,109$1,889,341
51$2,709,575$1,371,830$1,105,599$1,993,900
52$2,946,138$1,399,236$1,102,823$2,107,075
53$3,205,577$1,426,731$1,098,700$2,229,712
54$3,490,184$1,454,280$1,093,145$2,362,741
55$3,802,487$1,481,844$1,086,070$2,507,191
56$4,145,269$1,509,382$1,077,381$2,664,193
57$4,521,595$1,536,850$1,066,982$2,834,996
58$4,934,841$1,564,199$1,054,769$3,020,975
59$5,388,728$1,591,378$1,040,637$3,223,649
60$5,887,353$1,618,330$1,024,473$3,444,690
61$6,435,230$1,644,996$1,006,161$3,685,943
62$7,037,333$1,671,310$985,577$3,949,440
63$7,699,141$1,697,204$962,593$4,237,424
64$8,426,689$1,722,602$937,075$4,552,368
65$9,226,627$1,747,426$908,883$4,896,996
66$10,106,282$1,771,588$877,870$5,274,313
67$11,073,725$1,794,999$843,881$5,687,634
68$12,137,851$1,817,560$806,757$6,140,611
69$13,308,458$1,839,167$766,330$6,637,271
70$14,596,342$1,859,707$722,423$7,182,057
71$16,013,398$1,879,062$674,854$7,779,863
72$17,572,734$1,897,105$623,430$8,436,088
73$19,288,789$1,913,700$567,952$9,156,684
74$21,177,477$1,928,702$508,209$9,948,212
75$23,256,330$1,941,959$443,984$10,817,908
76$25,544,666$1,953,305$375,049$11,773,745
77$28,063,773$1,962,568$301,163$12,824,519
78$30,837,105$1,969,562$222,080$13,979,923
79$33,890,509$1,974,089$137,538$15,250,645
80$37,252,462$1,975,940$47,267$16,648,467
81$40,954,346$1,974,894$0$18,186,379
82$45,030,739$1,970,713$0$19,884,983
83$49,519,744$1,963,148$0$21,760,651
84$54,463,347$1,951,932$0$23,824,765
85$59,907,815$1,936,783$0$26,096,553
86$65,904,128$1,917,401$0$28,597,205
87$72,508,465$1,893,470$0$31,350,082
88$79,782,732$1,864,653$0$34,380,928
89$87,795,143$1,830,594$0$37,718,124
90$96,620,870$1,790,915$0$41,392,949
91$106,342,745$1,745,216$0$45,439,881
92$117,052,047$1,693,074$0$49,896,922
93$128,849,362$1,634,041$0$54,805,957
94$141,845,530$1,567,643$0$60,213,152
95$156,162,694$1,493,377$0$66,169,394
96$171,935,450$1,410,713$0$72,730,766
97$189,312,118$1,319,090$0$79,959,084
98$208,456,142$1,217,913$0$87,922,481
99$229,547,633$1,106,556$0$96,696,051
100$252,785,070$984,355$0$106,362,560