Can I retire at age 40 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$94,140$93,302$92,483$91,685$90,905$87,575
2 years$46,604$45,736$44,895$44,079$43,288$39,970
3 years$30,761$29,889$29,050$28,242$27,464$24,263
4 years$22,841$21,972$21,141$20,347$19,587$16,527
5 years$18,090$17,226$16,406$15,628$14,890$11,979
6 years$14,924$14,066$13,259$12,498$11,782$9,022
7 years$12,663$11,813$11,018$10,275$9,582$6,972
8 years$10,968$10,126$9,344$8,620$7,949$5,487
9 years$9,651$8,816$8,048$7,342$6,694$4,377
10 years$8,597$7,771$7,017$6,329$5,704$3,527
11 years$7,736$6,918$6,177$5,508$4,906$2,864
12 years$7,019$6,209$5,482$4,831$4,251$2,341
13 years$6,413$5,612$4,898$4,265$3,707$1,922
14 years$5,893$5,101$4,401$3,786$3,250$1,585
15 years$5,444$4,660$3,973$3,377$2,861$1,311
16 years$5,051$4,275$3,602$3,023$2,529$1,087
17 years$4,704$3,937$3,278$2,717$2,242$903
18 years$4,397$3,638$2,992$2,448$1,994$752
19 years$4,122$3,372$2,739$2,212$1,777$627
20 years$3,874$3,133$2,514$2,004$1,587$523
21 years$3,651$2,918$2,313$1,818$1,420$437
22 years$3,448$2,724$2,131$1,653$1,273$365
23 years$3,264$2,548$1,968$1,506$1,143$306
24 years$3,094$2,387$1,820$1,373$1,027$256
25 years$2,939$2,240$1,686$1,254$924$214
26 years$2,796$2,106$1,563$1,147$833$180
27 years$2,664$1,982$1,452$1,050$751$151
28 years$2,541$1,867$1,350$962$677$126
29 years$2,427$1,762$1,256$882$612$106
30 years$2,321$1,664$1,170$809$553$89
31 years$2,221$1,573$1,091$743$500$74
32 years$2,129$1,488$1,018$683$452$62
33 years$2,042$1,409$950$628$409$52
34 years$1,960$1,336$888$578$370$44
35 years$1,883$1,267$830$532$335$37
36 years$1,811$1,202$776$490$304$31
37 years$1,742$1,142$727$451$275$26
38 years$1,678$1,085$681$416$250$22
39 years$1,616$1,032$638$384$226$18
40 years$1,559$982$598$354$205$15
41 years$1,504$935$560$327$186$13
42 years$1,451$890$526$301$169$11
43 years$1,402$848$493$278$153$9
44 years$1,354$808$463$257$139$8
45 years$1,309$771$435$237$126$6
46 years$1,267$735$408$219$115$5
47 years$1,226$702$384$202$104$5
48 years$1,186$670$360$187$95$4
49 years$1,149$640$339$173$86$3
50 years$1,113$611$319$160$78$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,140,000, adding $5,654 every year, while hoping to spend $32,234 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: 70/18/12 Blend
39$1,140,000$1,140,000$1,140,000$1,140,000
40$1,262,112$1,201,692$1,184,022$1,346,848
41$1,356,551$1,226,278$1,189,390$1,428,386
42$1,459,542$1,250,989$1,193,858$1,513,145
43$1,571,924$1,275,796$1,197,360$1,605,048
44$1,694,619$1,300,669$1,199,831$1,704,795
45$1,828,644$1,325,575$1,201,199$1,813,154
46$1,975,116$1,350,479$1,201,389$1,930,972
47$2,135,266$1,375,341$1,200,325$2,059,180
48$2,310,451$1,400,120$1,197,923$2,198,808
49$2,502,162$1,424,771$1,194,099$2,350,988
50$2,712,043$1,449,245$1,188,761$2,516,966
51$2,941,904$1,473,491$1,181,817$2,698,118
52$3,193,737$1,497,451$1,173,167$2,895,958
53$3,469,738$1,521,066$1,162,708$3,112,154
54$3,772,323$1,544,270$1,150,331$3,348,547
55$4,104,156$1,566,995$1,135,923$3,607,163
56$4,468,167$1,589,165$1,119,364$3,890,235
57$4,867,588$1,610,702$1,100,530$4,200,223
58$5,305,975$1,631,519$1,079,290$4,539,841
59$5,787,246$1,651,526$1,055,509$4,912,076
60$6,315,720$1,670,625$1,029,043$5,320,224
61$6,896,150$1,688,713$999,743$5,767,913
62$7,533,776$1,705,678$967,452$6,259,146
63$8,234,367$1,721,402$932,008$6,798,329
64$9,004,281$1,735,759$893,239$7,390,324
65$9,850,521$1,748,615$850,966$8,040,484
66$10,780,804$1,759,827$805,003$8,754,713
67$11,803,630$1,769,242$755,154$9,539,514
68$12,928,364$1,776,699$701,216$10,402,056
69$14,165,326$1,782,026$642,975$11,350,241
70$15,525,883$1,785,038$580,208$12,392,776
71$17,022,561$1,785,543$512,683$13,539,258
72$18,669,160$1,783,334$440,157$14,800,264
73$20,480,888$1,778,190$362,375$16,187,451
74$22,474,497$1,769,880$279,073$17,713,666
75$24,668,448$1,758,156$189,974$19,393,069
76$27,083,080$1,742,757$94,789$21,241,266
77$29,740,807$1,723,404$0$23,275,454
78$32,666,322$1,699,803$0$25,515,459
79$35,886,835$1,671,643$0$27,994,311
80$39,432,331$1,638,592$0$30,722,926
81$43,335,846$1,600,300$0$33,726,723
82$47,633,784$1,556,396$0$37,033,714
83$52,366,259$1,506,488$0$40,674,768
84$57,577,471$1,450,161$0$44,683,904
85$63,316,128$1,386,973$0$49,098,609
86$69,635,899$1,316,461$0$53,960,199
87$76,595,925$1,238,132$0$59,314,199
88$84,261,374$1,151,465$0$65,210,783
89$92,704,058$1,055,910$0$71,705,242
90$102,003,109$950,887$0$78,858,508
91$112,245,724$835,778$0$86,737,731
92$123,527,993$709,936$0$95,416,909
93$135,955,799$572,674$0$104,977,592
94$149,645,822$423,266$0$115,509,648
95$164,726,637$260,947$0$127,112,117
96$181,339,928$84,908$0$139,894,141
97$199,641,827$0$0$153,975,998
98$219,804,385$0$0$169,511,175
99$242,017,195$0$0$186,644,690
100$266,489,183$0$0$205,520,889