Can I retire at age 40 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$106,527$105,578$104,652$103,749$102,866$98,863
2 years$52,736$51,754$50,802$49,879$48,984$44,999
3 years$34,808$33,822$32,872$31,958$31,077$27,236
4 years$25,846$24,863$23,923$23,024$22,165$18,497
5 years$20,470$19,493$18,565$17,685$16,849$13,364
6 years$16,887$15,917$15,003$14,143$13,332$10,032
7 years$14,329$13,367$12,468$11,627$10,843$7,726
8 years$12,411$11,458$10,574$9,754$8,995$6,059
9 years$10,921$9,976$9,107$8,308$7,575$4,815
10 years$9,729$8,794$7,940$7,162$6,454$3,865
11 years$8,754$7,829$6,990$6,233$5,551$3,127
12 years$7,943$7,026$6,203$5,467$4,810$2,545
13 years$7,256$6,350$5,542$4,827$4,195$2,081
14 years$6,669$5,772$4,980$4,284$3,677$1,709
15 years$6,160$5,273$4,496$3,821$3,238$1,407
16 years$5,715$4,838$4,076$3,421$2,861$1,162
17 years$5,323$4,455$3,709$3,074$2,537$961
18 years$4,975$4,117$3,386$2,770$2,256$797
19 years$4,664$3,815$3,100$2,503$2,011$661
20 years$4,384$3,545$2,845$2,267$1,796$549
21 years$4,132$3,302$2,617$2,058$1,607$457
22 years$3,902$3,083$2,412$1,871$1,441$380
23 years$3,693$2,883$2,227$1,704$1,293$316
24 years$3,502$2,701$2,059$1,554$1,162$264
25 years$3,326$2,535$1,907$1,419$1,046$220
26 years$3,164$2,383$1,769$1,298$942$183
27 years$3,014$2,242$1,643$1,188$849$153
28 years$2,875$2,113$1,527$1,088$766$128
29 years$2,746$1,993$1,421$998$692$106
30 years$2,626$1,882$1,324$916$625$89
31 years$2,514$1,780$1,234$841$565$74
32 years$2,409$1,684$1,151$773$511$62
33 years$2,310$1,595$1,075$711$463$52
34 years$2,218$1,511$1,004$654$419$43
35 years$2,131$1,433$939$602$380$36
36 years$2,049$1,361$879$555$344$30
37 years$1,971$1,292$822$511$312$25
38 years$1,898$1,228$770$471$283$21
39 years$1,829$1,168$721$434$256$18
40 years$1,764$1,111$676$400$232$15
41 years$1,701$1,058$634$370$211$12
42 years$1,642$1,007$595$341$191$10
43 years$1,586$960$558$315$174$9
44 years$1,533$915$524$291$158$7
45 years$1,482$872$492$268$143$6
46 years$1,433$832$462$248$130$5
47 years$1,387$794$434$229$118$4
48 years$1,342$758$408$212$107$3
49 years$1,300$724$383$196$97$3
50 years$1,259$692$360$181$88$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,290,000, adding $4,668 every year, while hoping to spend $28,276 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: 59/26/15 Blend
39$1,290,000$1,290,000$1,290,000$1,290,000
40$1,426,395$1,358,025$1,338,030$1,504,854
41$1,541,802$1,394,483$1,352,769$1,594,838
42$1,668,033$1,431,779$1,367,053$1,689,371
43$1,806,161$1,469,926$1,380,839$1,791,797
44$1,957,371$1,508,933$1,394,078$1,902,880
45$2,122,963$1,548,812$1,406,720$2,023,463
46$2,304,374$1,589,572$1,418,714$2,154,472
47$2,503,181$1,631,222$1,430,002$2,296,928
48$2,721,125$1,673,772$1,440,527$2,451,957
49$2,960,123$1,717,229$1,450,227$2,620,796
50$3,222,283$1,761,601$1,459,037$2,804,810
51$3,509,931$1,806,894$1,466,890$3,005,501
52$3,825,626$1,853,115$1,473,713$3,224,525
53$4,172,190$1,900,267$1,479,432$3,463,705
54$4,552,728$1,948,355$1,483,968$3,725,049
55$4,970,663$1,997,381$1,487,238$4,010,770
56$5,429,764$2,047,346$1,489,153$4,323,307
57$5,934,184$2,098,250$1,489,624$4,665,345
58$6,488,498$2,150,092$1,488,555$5,039,844
59$7,097,748$2,202,869$1,485,843$5,450,065
60$7,767,484$2,256,576$1,481,385$5,899,600
61$8,503,825$2,311,205$1,475,069$6,392,408
62$9,313,510$2,366,750$1,466,779$6,932,851
63$10,203,966$2,423,198$1,456,394$7,525,735
64$11,183,373$2,480,538$1,443,786$8,176,356
65$12,260,746$2,538,753$1,428,822$8,890,551
66$13,446,016$2,597,826$1,411,361$9,674,750
67$14,750,126$2,657,735$1,391,258$10,536,039
68$16,185,132$2,718,458$1,368,358$11,482,229
69$17,764,319$2,779,966$1,342,502$12,521,923
70$19,502,326$2,842,230$1,313,522$13,664,605
71$21,415,279$2,905,215$1,281,241$14,920,725
72$23,520,950$2,968,884$1,245,475$16,301,798
73$25,838,922$3,033,194$1,206,033$17,820,515
74$28,390,769$3,098,098$1,162,713$19,490,861
75$31,200,268$3,163,545$1,115,304$21,328,247
76$34,293,616$3,229,479$1,063,587$23,349,657
77$37,699,679$3,295,837$1,007,332$25,573,807
78$41,450,266$3,362,553$946,297$28,021,324
79$45,580,427$3,429,552$880,232$30,714,936
80$50,128,785$3,496,755$808,874$33,679,695
81$55,137,899$3,564,074$731,949$36,943,203
82$60,654,666$3,631,415$649,171$40,535,884
83$66,730,763$3,698,675$560,239$44,491,262
84$73,423,136$3,765,745$464,842$48,846,285
85$80,794,534$3,832,505$362,653$53,641,667
86$88,914,106$3,898,827$253,331$58,922,280
87$97,858,048$3,964,573$136,521$64,737,573
88$107,710,324$4,029,593$11,850$71,142,041
89$118,563,462$4,093,728$0$78,195,738
90$130,519,421$4,156,806$0$85,984,245
91$143,690,556$4,218,643$0$94,564,385
92$158,200,678$4,279,042$0$104,014,705
93$174,186,224$4,337,792$0$114,423,855
94$191,797,541$4,394,666$0$125,889,527
95$211,200,309$4,449,423$0$138,519,375
96$232,577,101$4,501,806$0$152,432,034
97$256,129,108$4,551,537$0$167,758,240
98$282,078,037$4,598,323$0$184,642,060
99$310,668,206$4,641,850$0$203,242,260
100$342,168,846$4,681,783$0$223,733,796