Can I retire at age 40 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$90,011$89,209$88,427$87,664$86,918$84,990
2 years$44,560$43,730$42,926$42,146$41,390$39,457
3 years$29,412$28,578$27,776$27,003$26,259$24,382
4 years$21,839$21,008$20,214$19,454$18,728$16,922
5 years$17,296$16,470$15,687$14,943$14,237$12,506
6 years$14,269$13,449$12,677$11,950$11,265$9,611
7 years$12,108$11,295$10,535$9,825$9,162$7,585
8 years$10,487$9,682$8,934$8,242$7,600$6,101
9 years$9,228$8,430$7,695$7,020$6,401$4,977
10 years$8,220$7,430$6,709$6,051$5,454$4,105
11 years$7,397$6,615$5,906$5,267$4,690$3,414
12 years$6,711$5,937$5,242$4,619$4,065$2,859
13 years$6,131$5,365$4,683$4,078$3,544$2,407
14 years$5,635$4,877$4,208$3,620$3,107$2,036
15 years$5,205$4,455$3,799$3,229$2,736$1,729
16 years$4,829$4,088$3,444$2,891$2,418$1,472
17 years$4,498$3,765$3,134$2,597$2,144$1,257
18 years$4,204$3,479$2,861$2,341$1,906$1,075
19 years$3,941$3,224$2,619$2,115$1,699$922
20 years$3,705$2,996$2,404$1,916$1,518$791
21 years$3,491$2,790$2,211$1,739$1,358$680
22 years$3,297$2,605$2,038$1,581$1,217$585
23 years$3,121$2,436$1,882$1,440$1,093$504
24 years$2,959$2,283$1,740$1,313$982$435
25 years$2,810$2,142$1,612$1,199$884$375
26 years$2,673$2,013$1,495$1,096$796$324
27 years$2,547$1,895$1,388$1,004$718$280
28 years$2,429$1,785$1,290$919$648$242
29 years$2,320$1,684$1,201$843$585$209
30 years$2,219$1,591$1,119$774$528$181
31 years$2,124$1,504$1,043$711$478$156
32 years$2,035$1,423$973$653$432$135
33 years$1,952$1,347$908$601$391$117
34 years$1,874$1,277$849$553$354$101
35 years$1,800$1,211$794$509$321$88
36 years$1,731$1,150$742$469$291$76
37 years$1,666$1,092$695$432$263$66
38 years$1,604$1,038$651$398$239$57
39 years$1,546$987$610$367$217$49
40 years$1,490$939$571$338$196$43
41 years$1,438$894$536$312$178$37
42 years$1,388$851$503$288$162$32
43 years$1,340$811$472$266$147$28
44 years$1,295$773$443$246$133$24
45 years$1,252$737$416$227$121$21
46 years$1,211$703$390$210$110$18
47 years$1,172$671$367$194$100$16
48 years$1,134$641$345$179$91$14
49 years$1,098$612$324$165$82$12
50 years$1,064$584$305$153$75$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,090,000, adding $3,018 every year, while hoping to spend $33,714 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: 63/26/11 Blend
39$1,090,000$1,090,000$1,090,000$1,090,000
40$1,204,293$1,146,523$1,129,628$1,276,966
41$1,291,260$1,166,831$1,131,599$1,346,252
42$1,385,967$1,187,005$1,132,506$1,417,699
43$1,489,168$1,207,001$1,132,278$1,494,870
44$1,601,694$1,226,775$1,130,841$1,578,319
45$1,724,458$1,246,277$1,128,114$1,668,658
46$1,858,464$1,265,456$1,124,018$1,766,562
47$2,004,819$1,284,256$1,118,464$1,872,773
48$2,164,742$1,302,615$1,111,364$1,988,110
49$2,339,572$1,320,471$1,102,622$2,113,478
50$2,530,788$1,337,752$1,092,138$2,249,869
51$2,740,013$1,354,387$1,079,810$2,398,382
52$2,969,039$1,370,297$1,065,528$2,560,225
53$3,219,836$1,385,396$1,049,178$2,736,731
54$3,494,574$1,399,596$1,030,641$2,929,369
55$3,795,646$1,412,801$1,009,792$3,139,758
56$4,125,682$1,424,908$986,500$3,369,684
57$4,487,582$1,435,810$960,629$3,621,114
58$4,884,540$1,445,389$932,035$3,896,218
59$5,320,074$1,453,524$900,568$4,197,388
60$5,798,057$1,460,082$866,073$4,527,259
61$6,322,758$1,464,925$828,385$4,888,738
62$6,898,877$1,467,904$787,334$5,285,030
63$7,531,593$1,468,862$742,740$5,719,665
64$8,226,610$1,467,631$694,417$6,196,539
65$8,990,213$1,464,034$642,169$6,719,944
66$9,829,325$1,457,882$585,792$7,294,610
67$10,751,573$1,448,975$525,073$7,925,756
68$11,765,360$1,437,101$459,789$8,619,131
69$12,879,942$1,422,034$389,707$9,381,075
70$14,105,519$1,403,537$314,585$10,218,576
71$15,453,327$1,381,355$234,169$11,139,338
72$16,935,746$1,355,222$148,194$12,151,852
73$18,566,417$1,324,852$56,383$13,265,479
74$20,360,368$1,289,946$0$14,490,540
75$22,334,158$1,250,186$0$15,843,290
76$24,506,030$1,205,233$0$17,338,767
77$26,896,088$1,154,732$0$18,984,204
78$29,526,481$1,098,306$0$20,794,877
79$32,421,614$1,035,555$0$22,787,620
80$35,608,379$966,057$0$24,980,987
81$39,116,406$889,366$0$27,395,429
82$42,978,345$805,011$0$30,053,482
83$47,230,171$712,492$0$32,979,989
84$51,911,528$611,283$0$36,202,327
85$57,066,095$500,827$0$39,750,669
86$62,742,004$380,536$0$43,658,272
87$68,992,295$249,788$0$47,961,788
88$75,875,409$107,927$0$52,701,612
89$83,455,746$0$0$57,922,266
90$91,804,271$0$0$63,685,904
91$100,999,181$0$0$70,067,983
92$111,126,644$0$0$77,097,446
93$122,281,613$0$0$84,840,215
94$134,568,720$0$0$93,368,929
95$148,103,265$0$0$102,763,635
96$163,012,303$0$0$113,112,539
97$179,435,842$0$0$124,512,843
98$197,528,164$0$0$137,071,657
99$217,459,285$0$0$150,907,013
100$239,416,551$0$0$166,148,978