Can I retire at age 40 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$98,269$97,394$96,540$95,706$94,892$91,272
2 years$48,648$47,742$46,864$46,013$45,187$41,582
3 years$32,110$31,200$30,324$29,481$28,668$25,192
4 years$23,842$22,935$22,068$21,239$20,447$17,126
5 years$18,883$17,982$17,126$16,314$15,543$12,386
6 years$15,578$14,683$13,840$13,046$12,299$9,308
7 years$13,218$12,331$11,501$10,726$10,002$7,177
8 years$11,449$10,570$9,754$8,998$8,298$5,635
9 years$10,074$9,203$8,401$7,664$6,988$4,484
10 years$8,975$8,112$7,324$6,607$5,954$3,604
11 years$8,076$7,222$6,448$5,750$5,121$2,919
12 years$7,327$6,482$5,723$5,043$4,437$2,379
13 years$6,694$5,858$5,113$4,452$3,870$1,949
14 years$6,152$5,324$4,594$3,952$3,392$1,602
15 years$5,682$4,864$4,148$3,525$2,987$1,321
16 years$5,272$4,463$3,760$3,156$2,640$1,092
17 years$4,910$4,110$3,422$2,836$2,340$905
18 years$4,589$3,798$3,124$2,556$2,081$751
19 years$4,302$3,520$2,860$2,309$1,855$624
20 years$4,044$3,271$2,624$2,091$1,657$519
21 years$3,811$3,046$2,414$1,898$1,483$433
22 years$3,600$2,844$2,225$1,726$1,329$361
23 years$3,407$2,660$2,054$1,572$1,193$301
24 years$3,230$2,492$1,900$1,433$1,072$251
25 years$3,068$2,339$1,760$1,309$965$210
26 years$2,919$2,198$1,632$1,197$869$175
27 years$2,780$2,069$1,515$1,096$784$146
28 years$2,652$1,949$1,409$1,004$707$122
29 years$2,533$1,839$1,311$921$638$102
30 years$2,422$1,737$1,221$845$577$85
31 years$2,319$1,642$1,138$776$522$71
32 years$2,222$1,553$1,062$713$472$60
33 years$2,131$1,471$992$656$427$50
34 years$2,046$1,394$927$603$387$42
35 years$1,966$1,322$866$555$350$35
36 years$1,890$1,255$810$512$317$29
37 years$1,819$1,192$759$471$288$24
38 years$1,751$1,133$710$434$261$20
39 years$1,687$1,077$666$401$236$17
40 years$1,627$1,025$624$369$214$14
41 years$1,570$976$585$341$195$12
42 years$1,515$929$549$315$176$10
43 years$1,463$885$515$290$160$8
44 years$1,414$844$483$268$145$7
45 years$1,367$805$454$248$132$6
46 years$1,322$768$426$229$120$5
47 years$1,279$733$400$211$109$4
48 years$1,238$699$376$195$99$3
49 years$1,199$668$354$180$90$3
50 years$1,162$638$333$167$82$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,190,000, adding $4,589 every year, while hoping to spend $42,764 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: 47/45/8 Blend
39$1,190,000$1,190,000$1,190,000$1,190,000
40$1,316,114$1,253,044$1,234,599$1,374,900
41$1,404,857$1,268,942$1,230,457$1,431,676
42$1,501,218$1,284,186$1,224,744$1,488,414
43$1,605,930$1,298,699$1,217,360$1,548,996
44$1,719,798$1,312,398$1,208,205$1,613,793
45$1,843,707$1,325,196$1,197,169$1,683,213
46$1,978,632$1,336,997$1,184,141$1,757,708
47$2,125,646$1,347,704$1,169,004$1,837,777
48$2,285,929$1,357,208$1,151,632$1,923,970
49$2,460,780$1,365,398$1,131,898$2,016,896
50$2,651,629$1,372,152$1,109,666$2,117,227
51$2,860,050$1,377,342$1,084,795$2,225,708
52$3,087,775$1,380,832$1,057,136$2,343,159
53$3,336,713$1,382,477$1,026,534$2,470,486
54$3,608,962$1,382,123$992,828$2,608,692
55$3,906,836$1,379,607$955,847$2,758,884
56$4,232,880$1,374,755$915,415$2,922,283
57$4,589,899$1,367,383$871,347$3,100,239
58$4,980,980$1,357,295$823,447$3,294,244
59$5,409,522$1,344,285$771,515$3,505,945
60$5,879,271$1,328,133$715,339$3,737,159
61$6,394,350$1,308,605$654,697$3,989,895
62$6,959,303$1,285,456$589,358$4,266,371
63$7,579,132$1,258,423$519,081$4,569,033
64$8,259,347$1,227,230$443,614$4,900,586
65$9,006,020$1,191,583$362,695$5,264,013
66$9,825,836$1,151,173$276,047$5,662,608
67$10,726,161$1,105,670$183,385$6,100,008
68$11,715,110$1,054,728$84,408$6,580,226
69$12,801,620$997,978$0$7,107,694
70$13,995,538$935,032$0$7,689,111
71$15,307,712$865,478$0$8,335,871
72$16,750,095$788,882$0$9,046,745
73$18,335,851$704,784$0$9,828,336
74$20,079,488$612,699$0$10,687,927
75$21,996,988$512,113$0$11,633,555
76$24,105,958$402,484$0$12,674,084
77$26,425,800$283,240$0$13,819,291
78$28,977,888$153,775$0$15,079,962
79$31,785,773$13,451$0$16,467,993
80$34,875,405$0$0$17,996,506
81$38,275,376$0$0$19,748,510
82$42,017,188$0$0$21,684,155
83$46,135,553$0$0$23,814,757
84$50,668,719$0$0$26,160,123
85$55,658,828$0$0$28,742,079
86$61,152,319$0$0$31,584,673
87$67,200,359$0$0$34,714,405
88$73,859,330$0$0$38,160,475
89$81,191,359$0$0$41,955,058
90$89,264,903$0$0$46,133,608
91$98,155,398$0$0$50,735,193
92$107,945,966$0$0$55,802,862
93$118,728,201$0$0$61,384,053
94$130,603,035$0$0$67,531,038
95$143,681,684$0$0$74,301,419
96$158,086,707$0$0$81,758,668
97$173,953,150$0$0$89,972,730
98$191,429,831$0$0$99,020,678
99$210,680,737$0$0$108,987,445
100$231,886,575$0$0$119,966,622