Can I retire at age 40 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$96,618$95,757$94,917$94,098$93,297$92,516
2 years$47,830$46,940$46,076$45,239$44,427$43,639
3 years$31,570$30,676$29,814$28,985$28,187$27,417
4 years$23,442$22,550$21,697$20,882$20,103$19,357
5 years$18,566$17,679$16,838$16,040$15,282$14,563
6 years$15,316$14,436$13,608$12,827$12,092$11,400
7 years$12,996$12,124$11,308$10,546$9,834$9,170
8 years$11,257$10,392$9,590$8,847$8,158$7,522
9 years$9,905$9,048$8,260$7,535$6,870$6,261
10 years$8,824$7,976$7,201$6,496$5,854$5,272
11 years$7,940$7,100$6,340$5,653$5,035$4,479
12 years$7,204$6,373$5,626$4,958$4,363$3,834
13 years$6,581$5,759$5,027$4,378$3,805$3,301
14 years$6,048$5,235$4,517$3,886$3,335$2,856
15 years$5,587$4,782$4,078$3,466$2,936$2,482
16 years$5,184$4,388$3,697$3,103$2,595$2,164
17 years$4,828$4,041$3,364$2,788$2,301$1,893
18 years$4,512$3,734$3,071$2,513$2,046$1,659
19 years$4,230$3,461$2,812$2,270$1,824$1,458
20 years$3,976$3,216$2,580$2,056$1,629$1,284
21 years$3,747$2,995$2,373$1,866$1,458$1,132
22 years$3,539$2,796$2,187$1,697$1,307$1,000
23 years$3,350$2,615$2,020$1,545$1,173$884
24 years$3,176$2,450$1,868$1,409$1,054$783
25 years$3,016$2,299$1,730$1,287$949$694
26 years$2,869$2,161$1,605$1,177$855$615
27 years$2,734$2,034$1,490$1,077$770$546
28 years$2,608$1,916$1,385$987$695$485
29 years$2,491$1,808$1,289$905$628$431
30 years$2,382$1,707$1,201$831$567$383
31 years$2,280$1,614$1,119$763$513$341
32 years$2,185$1,527$1,044$701$464$303
33 years$2,095$1,446$975$645$420$270
34 years$2,011$1,371$911$593$380$241
35 years$1,933$1,300$852$546$344$214
36 years$1,858$1,234$797$503$312$191
37 years$1,788$1,172$746$463$283$170
38 years$1,722$1,114$698$427$256$152
39 years$1,659$1,059$654$394$232$135
40 years$1,600$1,008$613$363$211$121
41 years$1,543$959$575$335$191$108
42 years$1,490$914$539$309$174$96
43 years$1,439$870$506$286$157$86
44 years$1,390$830$475$264$143$76
45 years$1,344$791$446$243$130$68
46 years$1,300$755$419$225$118$61
47 years$1,258$720$394$208$107$54
48 years$1,218$688$370$192$97$48
49 years$1,179$657$348$177$88$43
50 years$1,142$627$327$164$80$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,170,000, adding $5,977 every year, while hoping to spend $47,179 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: 63/31/6 Blend
39$1,170,000$1,170,000$1,170,000$1,170,000
40$1,295,505$1,233,495$1,215,360$1,375,400
41$1,377,449$1,243,738$1,205,877$1,439,624
42$1,466,169$1,252,902$1,194,494$1,503,622
43$1,562,308$1,260,884$1,181,099$1,572,266
44$1,666,571$1,267,575$1,165,574$1,646,001
45$1,779,733$1,272,858$1,147,792$1,725,322
46$1,902,647$1,276,609$1,127,625$1,810,771
47$2,036,252$1,278,698$1,104,935$1,902,951
48$2,181,581$1,278,985$1,079,581$2,002,523
49$2,339,768$1,277,321$1,051,413$2,110,218
50$2,512,063$1,273,549$1,020,275$2,226,844
51$2,699,843$1,267,502$986,003$2,353,290
52$2,904,620$1,259,003$948,427$2,490,540
53$3,128,060$1,247,863$907,368$2,639,678
54$3,371,996$1,233,883$862,639$2,801,900
55$3,638,448$1,216,851$814,046$2,978,528
56$3,929,637$1,196,544$761,384$3,171,018
57$4,248,009$1,172,723$704,439$3,380,979
58$4,596,258$1,145,139$642,990$3,610,185
59$4,977,349$1,113,524$576,803$3,860,595
60$5,394,548$1,077,596$505,635$4,134,368
61$5,851,451$1,037,057$429,233$4,433,889
62$6,352,018$991,592$347,332$4,761,789
63$6,900,610$940,866$259,653$5,120,969
64$7,502,030$884,526$165,909$5,514,631
65$8,161,568$822,199$65,798$5,946,309
66$8,885,050$753,488$0$6,419,898
67$9,678,893$677,978$0$6,942,327
68$10,550,168$595,226$0$7,520,377
69$11,506,659$504,766$0$8,155,085
70$12,556,944$406,105$0$8,852,245
71$13,710,471$298,723$0$9,618,249
72$14,977,648$182,070$0$10,460,143
73$16,369,942$55,566$0$11,385,700
74$17,899,984$0$0$12,403,488
75$19,581,690$0$0$13,550,729
76$21,430,391$0$0$14,832,821
77$23,462,978$0$0$16,242,533
78$25,698,059$0$0$17,792,784
79$28,156,137$0$0$19,497,806
80$30,859,801$0$0$21,373,281
81$33,833,938$0$0$23,436,484
82$37,105,969$0$0$25,706,454
83$40,706,109$0$0$28,204,162
84$44,667,645$0$0$30,952,720
85$49,027,258$0$0$33,977,590
86$53,825,362$0$0$37,306,830
87$59,106,489$0$0$40,971,353
88$64,919,705$0$0$45,005,223
89$71,319,076$0$0$49,445,973
90$78,364,176$0$0$54,334,962
91$86,120,649$0$0$59,717,762
92$94,660,827$0$0$65,644,586
93$104,064,414$0$0$72,170,769
94$114,419,233$0$0$79,357,281
95$125,822,062$0$0$87,271,307
96$138,379,540$0$0$95,986,881
97$152,209,175$0$0$105,585,582
98$167,440,452$0$0$116,157,303
99$184,216,057$0$0$127,801,102
100$202,693,219$0$0$140,626,136