Can I retire at age 40 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$87,534$86,754$85,993$85,251$84,526$82,752
2 years$43,334$42,527$41,744$40,986$40,250$38,471
3 years$28,602$27,792$27,011$26,260$25,537$23,808
4 years$21,238$20,430$19,657$18,919$18,213$16,548
5 years$16,820$16,017$15,255$14,532$13,845$12,249
6 years$13,876$13,079$12,328$11,621$10,955$9,429
7 years$11,774$10,984$10,245$9,554$8,909$7,454
8 years$10,199$9,415$8,688$8,015$7,391$6,006
9 years$8,974$8,198$7,483$6,827$6,225$4,909
10 years$7,994$7,226$6,524$5,885$5,304$4,056
11 years$7,193$6,433$5,744$5,122$4,561$3,380
12 years$6,526$5,774$5,097$4,492$3,953$2,836
13 years$5,963$5,218$4,554$3,966$3,447$2,393
14 years$5,480$4,743$4,092$3,521$3,021$2,028
15 years$5,062$4,333$3,695$3,140$2,660$1,725
16 years$4,696$3,975$3,350$2,811$2,351$1,472
17 years$4,374$3,661$3,048$2,526$2,085$1,259
18 years$4,088$3,383$2,782$2,276$1,854$1,080
19 years$3,832$3,135$2,547$2,057$1,652$928
20 years$3,603$2,913$2,338$1,863$1,476$798
21 years$3,395$2,714$2,150$1,691$1,321$688
22 years$3,206$2,533$1,982$1,537$1,184$593
23 years$3,035$2,369$1,830$1,400$1,063$512
24 years$2,877$2,220$1,692$1,277$955$443
25 years$2,733$2,083$1,567$1,166$859$383
26 years$2,600$1,958$1,454$1,066$774$331
27 years$2,477$1,843$1,350$976$698$287
28 years$2,363$1,736$1,255$894$630$248
29 years$2,256$1,638$1,168$820$569$215
30 years$2,158$1,547$1,088$753$514$187
31 years$2,065$1,462$1,014$691$465$162
32 years$1,979$1,384$946$635$420$140
33 years$1,898$1,310$883$584$380$122
34 years$1,822$1,242$825$537$344$106
35 years$1,751$1,178$772$495$312$92
36 years$1,684$1,118$722$456$283$80
37 years$1,620$1,062$676$420$256$69
38 years$1,560$1,009$633$387$232$60
39 years$1,503$960$593$357$211$52
40 years$1,449$913$556$329$191$45
41 years$1,398$869$521$304$173$39
42 years$1,350$828$489$280$157$34
43 years$1,303$789$459$259$143$30
44 years$1,259$752$430$239$130$26
45 years$1,218$717$404$221$118$22
46 years$1,178$684$380$204$107$19
47 years$1,140$653$357$188$97$17
48 years$1,103$623$335$174$88$15
49 years$1,068$595$315$161$80$13
50 years$1,035$568$296$149$73$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,060,000, adding $3,180 every year, while hoping to spend $21,782 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: 56/20/24 Blend
39$1,060,000$1,060,000$1,060,000$1,060,000
40$1,171,400$1,115,220$1,098,790$1,229,166
41$1,267,707$1,146,690$1,112,424$1,300,566
42$1,373,107$1,178,972$1,125,784$1,375,752
43$1,488,505$1,212,083$1,138,839$1,457,207
44$1,614,897$1,246,039$1,151,554$1,545,542
45$1,753,380$1,280,858$1,163,894$1,641,429
46$1,905,161$1,316,557$1,175,821$1,745,606
47$2,071,572$1,353,152$1,187,296$1,858,889
48$2,254,077$1,390,661$1,198,275$1,982,175
49$2,454,290$1,429,101$1,208,715$2,116,453
50$2,673,990$1,468,489$1,218,569$2,262,812
51$2,915,134$1,508,842$1,227,788$2,422,452
52$3,179,879$1,550,177$1,236,320$2,596,694
53$3,470,601$1,592,510$1,244,111$2,786,996
54$3,789,918$1,635,859$1,251,105$2,994,961
55$4,140,712$1,680,239$1,257,239$3,222,358
56$4,526,161$1,725,666$1,262,453$3,471,134
57$4,949,763$1,772,157$1,266,678$3,743,437
58$5,415,373$1,819,727$1,269,846$4,041,630
59$5,927,238$1,868,391$1,271,884$4,368,320
60$6,490,038$1,918,164$1,272,713$4,726,379
61$7,108,928$1,969,060$1,272,255$5,118,971
62$7,789,587$2,021,092$1,270,424$5,549,583
63$8,538,272$2,074,273$1,267,131$6,022,057
64$9,361,880$2,128,616$1,262,283$6,540,629
65$10,268,005$2,184,132$1,255,783$7,109,964
66$11,265,018$2,240,832$1,247,529$7,735,204
67$12,362,142$2,298,724$1,237,413$8,422,016
68$13,569,537$2,357,818$1,225,323$9,176,646
69$14,898,400$2,418,121$1,211,141$10,005,974
70$16,361,067$2,479,640$1,194,745$10,917,585
71$17,971,132$2,542,378$1,176,005$11,919,837
72$19,743,572$2,606,339$1,154,785$13,021,940
73$21,694,892$2,671,525$1,130,946$14,234,044
74$23,843,276$2,737,935$1,104,339$15,567,336
75$26,208,765$2,805,568$1,074,808$17,034,143
76$28,813,437$2,874,420$1,042,193$18,648,051
77$31,681,625$2,944,484$1,006,323$20,424,031
78$34,840,138$3,015,751$967,023$22,378,584
79$38,318,520$3,088,210$924,105$24,529,892
80$42,149,324$3,161,847$877,378$26,897,994
81$46,368,423$3,236,646$826,638$29,504,976
82$51,015,346$3,312,586$771,675$32,375,173
83$56,133,652$3,389,643$712,266$35,535,408
84$61,771,339$3,467,790$648,181$39,015,238
85$67,981,300$3,546,996$579,180$42,847,239
86$74,821,819$3,627,225$505,009$47,067,310
87$82,357,124$3,708,438$425,406$51,715,012
88$90,657,989$3,790,591$340,096$56,833,945
89$99,802,407$3,873,632$248,792$62,472,158
90$109,876,320$3,957,508$151,194$68,682,603
91$120,974,435$4,042,157$46,990$75,523,634
92$133,201,117$4,127,511$0$83,059,563
93$146,671,369$4,213,497$0$91,377,704
94$161,511,925$4,300,035$0$100,553,630
95$177,862,439$4,387,035$0$110,661,458
96$195,876,810$4,474,402$0$121,796,142
97$215,724,628$4,562,030$0$134,062,316
98$237,592,776$4,649,806$0$147,575,286
99$261,687,200$4,737,607$0$162,462,116
100$288,234,843$4,825,299$0$178,862,832