Can I retire at age 40 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$91,663$90,846$90,050$89,272$88,513$85,102
2 years$45,378$44,532$43,713$42,919$42,149$38,753
3 years$29,951$29,102$28,285$27,499$26,741$23,467
4 years$22,240$21,393$20,585$19,811$19,072$15,945
5 years$17,614$16,773$15,974$15,217$14,498$11,526
6 years$14,531$13,696$12,910$12,169$11,472$8,657
7 years$12,330$11,502$10,728$10,005$9,330$6,671
8 years$10,680$9,859$9,098$8,393$7,740$5,235
9 years$9,397$8,584$7,836$7,149$6,518$4,163
10 years$8,371$7,567$6,832$6,162$5,554$3,344
11 years$7,533$6,736$6,015$5,363$4,776$2,707
12 years$6,834$6,046$5,338$4,704$4,139$2,205
13 years$6,244$5,464$4,769$4,153$3,609$1,804
14 years$5,738$4,966$4,285$3,687$3,164$1,482
15 years$5,300$4,537$3,869$3,288$2,786$1,222
16 years$4,918$4,163$3,508$2,944$2,462$1,009
17 years$4,580$3,834$3,192$2,645$2,183$836
18 years$4,281$3,542$2,914$2,384$1,941$693
19 years$4,013$3,283$2,667$2,154$1,730$575
20 years$3,773$3,051$2,448$1,951$1,545$478
21 years$3,555$2,842$2,252$1,770$1,383$398
22 years$3,358$2,653$2,075$1,610$1,240$332
23 years$3,178$2,481$1,916$1,466$1,113$276
24 years$3,013$2,324$1,772$1,337$1,000$230
25 years$2,862$2,181$1,641$1,221$900$192
26 years$2,722$2,050$1,522$1,117$811$160
27 years$2,593$1,929$1,414$1,022$731$134
28 years$2,474$1,818$1,314$936$660$112
29 years$2,363$1,715$1,223$859$596$93
30 years$2,259$1,620$1,139$788$538$78
31 years$2,163$1,531$1,062$724$486$65
32 years$2,073$1,449$991$665$440$54
33 years$1,988$1,372$925$612$398$46
34 years$1,908$1,300$864$563$361$38
35 years$1,833$1,233$808$518$327$32
36 years$1,763$1,171$756$477$296$27
37 years$1,696$1,112$708$440$268$22
38 years$1,633$1,057$663$405$243$19
39 years$1,574$1,005$621$374$220$16
40 years$1,518$956$582$345$200$13
41 years$1,464$910$546$318$181$11
42 years$1,413$867$512$293$165$9
43 years$1,365$826$480$271$149$8
44 years$1,319$787$451$250$136$6
45 years$1,275$751$423$231$123$5
46 years$1,233$716$398$213$112$4
47 years$1,193$683$373$197$102$4
48 years$1,155$652$351$182$92$3
49 years$1,119$623$330$168$84$3
50 years$1,084$595$310$156$76$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,110,000, adding $6,496 every year, while hoping to spend $50,571 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: 39/39/22 Blend
39$1,110,000$1,110,000$1,110,000$1,110,000
40$1,229,921$1,171,091$1,153,886$1,269,615
41$1,301,565$1,174,667$1,138,734$1,302,434
42$1,378,823$1,176,724$1,121,379$1,332,645
43$1,462,213$1,177,133$1,101,695$1,364,292
44$1,552,304$1,175,758$1,079,548$1,397,534
45$1,649,725$1,172,456$1,054,799$1,432,548
46$1,755,165$1,167,074$1,027,302$1,469,537
47$1,869,380$1,159,449$996,904$1,508,725
48$1,993,203$1,149,408$963,447$1,550,362
49$2,127,550$1,136,770$926,763$1,594,730
50$2,273,428$1,121,340$886,678$1,642,142
51$2,431,946$1,102,913$843,009$1,692,951
52$2,604,321$1,081,272$795,567$1,747,547
53$2,791,894$1,056,187$744,151$1,806,367
54$2,996,140$1,027,413$688,553$1,869,898
55$3,218,683$994,693$628,556$1,938,683
56$3,461,309$957,753$563,933$2,013,326
57$3,725,984$916,305$494,446$2,094,501
58$4,014,871$870,041$419,847$2,182,955
59$4,330,354$818,639$339,878$2,279,522
60$4,675,054$761,756$254,267$2,385,126
61$5,051,857$699,030$162,734$2,500,798
62$5,463,944$630,079$64,982$2,627,678
63$5,914,811$554,499$0$2,767,038
64$6,408,315$471,861$0$2,929,518
65$6,948,696$381,716$0$3,124,326
66$7,540,629$283,586$0$3,338,006
67$8,189,258$176,967$0$3,572,562
68$8,900,252$61,327$0$3,830,212
69$9,679,851$0$0$4,113,408
70$10,534,930$0$0$4,452,281
71$11,473,060$0$0$4,853,095
72$12,502,582$0$0$5,293,113
73$13,632,683$0$0$5,776,280
74$14,873,481$0$0$6,306,943
75$16,236,124$0$0$6,889,890
76$17,732,891$0$0$7,530,396
77$19,377,310$0$0$8,234,273
78$21,184,284$0$0$9,007,922
79$23,170,229$0$0$9,858,397
80$25,353,232$0$0$10,793,467
81$27,753,220$0$0$11,821,695
82$30,392,147$0$0$12,952,511
83$33,294,200$0$0$14,196,308
84$36,486,026$0$0$15,564,536
85$39,996,987$0$0$17,069,809
86$43,859,432$0$0$18,726,028
87$48,109,003$0$0$20,548,506
88$52,784,972$0$0$22,554,119
89$57,930,607$0$0$24,761,458
90$63,593,588$0$0$27,191,011
91$69,826,445$0$0$29,865,351
92$76,687,062$0$0$32,809,350
93$84,239,219$0$0$36,050,416
94$92,553,194$0$0$39,618,748
95$101,706,423$0$0$43,547,622
96$111,784,236$0$0$47,873,705
97$122,880,653$0$0$52,637,402
98$135,099,280$0$0$57,883,235
99$148,554,277$0$0$63,660,262
100$163,371,443$0$0$70,022,544