Can I retire at age 40 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$97,443$96,575$95,728$94,902$94,095$90,901
2 years$48,239$47,341$46,470$45,626$44,807$41,621
3 years$31,840$30,938$30,069$29,233$28,427$25,350
4 years$23,642$22,743$21,883$21,061$20,275$17,329
5 years$18,725$17,830$16,982$16,177$15,413$12,606
6 years$15,447$14,560$13,724$12,937$12,195$9,531
7 years$13,107$12,227$11,405$10,636$9,918$7,395
8 years$11,353$10,481$9,672$8,922$8,228$5,844
9 years$9,989$9,126$8,331$7,600$6,929$4,682
10 years$8,899$8,044$7,263$6,551$5,904$3,789
11 years$8,008$7,161$6,394$5,701$5,078$3,092
12 years$7,265$6,427$5,675$5,001$4,400$2,538
13 years$6,638$5,808$5,070$4,415$3,837$2,094
14 years$6,100$5,280$4,555$3,919$3,364$1,735
15 years$5,635$4,823$4,113$3,495$2,962$1,442
16 years$5,228$4,425$3,729$3,130$2,617$1,202
17 years$4,869$4,075$3,393$2,812$2,321$1,004
18 years$4,551$3,766$3,097$2,534$2,064$840
19 years$4,266$3,490$2,836$2,290$1,839$704
20 years$4,010$3,243$2,602$2,074$1,643$591
21 years$3,779$3,021$2,394$1,882$1,470$496
22 years$3,569$2,820$2,206$1,711$1,318$417
23 years$3,378$2,637$2,037$1,558$1,183$351
24 years$3,203$2,471$1,884$1,421$1,063$295
25 years$3,042$2,319$1,745$1,298$957$249
26 years$2,894$2,179$1,618$1,187$862$210
27 years$2,757$2,051$1,503$1,086$777$177
28 years$2,630$1,933$1,397$995$701$149
29 years$2,512$1,823$1,300$913$633$126
30 years$2,402$1,722$1,211$838$572$106
31 years$2,299$1,628$1,129$769$517$89
32 years$2,203$1,540$1,053$707$468$76
33 years$2,113$1,459$983$650$423$64
34 years$2,029$1,382$919$598$383$54
35 years$1,949$1,311$859$551$347$45
36 years$1,874$1,245$804$507$315$38
37 years$1,803$1,182$752$467$285$32
38 years$1,736$1,123$704$431$258$27
39 years$1,673$1,068$660$397$234$23
40 years$1,613$1,016$619$366$213$19
41 years$1,556$967$580$338$193$16
42 years$1,502$921$544$312$175$14
43 years$1,451$878$511$288$159$12
44 years$1,402$837$479$266$144$10
45 years$1,355$798$450$246$131$8
46 years$1,311$761$423$227$119$7
47 years$1,269$726$397$210$108$6
48 years$1,228$693$373$194$98$5
49 years$1,189$662$351$179$89$4
50 years$1,152$633$330$165$81$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,180,000, adding $5,812 every year, while hoping to spend $21,567 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: 49/27/24 Blend
39$1,180,000$1,180,000$1,180,000$1,180,000
40$1,306,355$1,243,815$1,225,525$1,361,243
41$1,416,656$1,281,815$1,243,633$1,438,120
42$1,537,485$1,320,954$1,261,625$1,518,965
43$1,669,893$1,361,265$1,279,474$1,606,360
44$1,815,038$1,402,782$1,297,151$1,700,934
45$1,974,193$1,445,541$1,314,628$1,803,377
46$2,148,765$1,489,576$1,331,872$1,914,449
47$2,340,298$1,534,925$1,348,849$2,034,989
48$2,550,498$1,581,625$1,365,525$2,165,918
49$2,781,240$1,629,716$1,381,860$2,308,250
50$3,034,591$1,679,236$1,397,817$2,463,104
51$3,312,828$1,730,228$1,413,353$2,631,711
52$3,618,459$1,782,732$1,428,424$2,815,425
53$3,954,249$1,836,793$1,442,982$3,015,739
54$4,323,240$1,892,453$1,456,980$3,234,299
55$4,728,786$1,949,759$1,470,365$3,472,914
56$5,174,583$2,008,758$1,483,082$3,733,579
57$5,664,699$2,069,496$1,495,075$4,018,492
58$6,203,621$2,132,023$1,506,282$4,330,072
59$6,796,287$2,196,390$1,516,639$4,670,987
60$7,448,142$2,262,647$1,526,081$5,044,174
61$8,165,184$2,330,847$1,534,535$5,452,868
62$8,954,019$2,401,046$1,541,929$5,900,636
63$9,821,930$2,473,297$1,548,184$6,391,404
64$10,776,937$2,547,659$1,553,219$6,929,501
65$11,827,880$2,624,190$1,556,947$7,519,695
66$12,984,497$2,702,949$1,559,278$8,167,239
67$14,257,520$2,783,998$1,560,118$8,877,921
68$15,658,773$2,867,399$1,559,367$9,658,120
69$17,201,283$2,953,216$1,556,921$10,514,863
70$18,899,406$3,041,517$1,552,671$11,455,893
71$20,768,961$3,132,367$1,546,501$12,489,744
72$22,827,378$3,225,836$1,538,292$13,625,815
73$25,093,863$3,321,994$1,527,917$14,874,468
74$27,589,580$3,420,914$1,515,245$16,247,118
75$30,337,848$3,522,670$1,500,136$17,756,344
76$33,364,364$3,627,336$1,482,447$19,416,007
77$36,697,445$3,734,992$1,462,025$21,241,382
78$40,368,292$3,845,714$1,438,710$23,249,301
79$44,411,289$3,959,585$1,412,338$25,458,311
80$48,864,322$4,076,687$1,382,733$27,888,850
81$53,769,142$4,197,104$1,349,714$30,563,443
82$59,171,755$4,320,921$1,313,089$33,506,908
83$65,122,855$4,448,228$1,272,659$36,746,596
84$71,678,309$4,579,114$1,228,216$40,312,647
85$78,899,677$4,713,671$1,179,541$44,238,273
86$86,854,794$4,851,991$1,126,406$48,560,076
87$95,618,415$4,994,170$1,068,573$53,318,388
88$105,272,915$5,140,306$1,005,791$58,557,658
89$115,909,068$5,290,497$937,802$64,326,864
90$127,626,906$5,444,845$864,331$70,679,982
91$140,536,660$5,603,452$785,096$77,676,495
92$154,759,801$5,766,422$699,798$85,381,950
93$170,430,187$5,933,863$608,127$93,868,582
94$187,695,326$6,105,882$509,759$103,215,992
95$206,717,768$6,282,590$404,356$113,511,901
96$227,676,642$6,464,098$291,563$124,852,981
97$250,769,341$6,650,521$171,012$137,345,759
98$276,213,391$6,841,973$42,318$151,107,633
99$304,248,499$7,038,572$0$166,267,974
100$335,138,821$7,240,437$0$182,993,684