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%17.7%
1 years$106,527$105,578$104,652$103,749$102,866$99,653
2 years$52,736$51,754$50,802$49,879$48,984$45,776
3 years$34,808$33,822$32,872$31,958$31,077$27,974
4 years$25,846$24,863$23,923$23,024$22,165$19,190
5 years$20,470$19,493$18,565$17,685$16,849$14,012
6 years$16,887$15,917$15,003$14,143$13,332$10,634
7 years$14,329$13,367$12,468$11,627$10,843$8,284
8 years$12,411$11,458$10,574$9,754$8,995$6,574
9 years$10,921$9,976$9,107$8,308$7,575$5,289
10 years$9,729$8,794$7,940$7,162$6,454$4,300
11 years$8,754$7,829$6,990$6,233$5,551$3,524
12 years$7,943$7,026$6,203$5,467$4,810$2,907
13 years$7,256$6,350$5,542$4,827$4,195$2,410
14 years$6,669$5,772$4,980$4,284$3,677$2,006
15 years$6,160$5,273$4,496$3,821$3,238$1,676
16 years$5,715$4,838$4,076$3,421$2,861$1,404
17 years$5,323$4,455$3,709$3,074$2,537$1,179
18 years$4,975$4,117$3,386$2,770$2,256$991
19 years$4,664$3,815$3,100$2,503$2,011$835
20 years$4,384$3,545$2,845$2,267$1,796$705
21 years$4,132$3,302$2,617$2,058$1,607$595
22 years$3,902$3,083$2,412$1,871$1,441$503
23 years$3,693$2,883$2,227$1,704$1,293$426
24 years$3,502$2,701$2,059$1,554$1,162$360
25 years$3,326$2,535$1,907$1,419$1,046$305
26 years$3,164$2,383$1,769$1,298$942$259
27 years$3,014$2,242$1,643$1,188$849$219
28 years$2,875$2,113$1,527$1,088$766$186
29 years$2,746$1,993$1,421$998$692$158
30 years$2,626$1,882$1,324$916$625$134
31 years$2,514$1,780$1,234$841$565$114
32 years$2,409$1,684$1,151$773$511$96
33 years$2,310$1,595$1,075$711$463$82
34 years$2,218$1,511$1,004$654$419$69
35 years$2,131$1,433$939$602$380$59
36 years$2,049$1,361$879$555$344$50
37 years$1,971$1,292$822$511$312$43
38 years$1,898$1,228$770$471$283$36
39 years$1,829$1,168$721$434$256$31
40 years$1,764$1,111$676$400$232$26
41 years$1,701$1,058$634$370$211$22
42 years$1,642$1,007$595$341$191$19
43 years$1,586$960$558$315$174$16
44 years$1,533$915$524$291$158$14
45 years$1,482$872$492$268$143$12
46 years$1,433$832$462$248$130$10
47 years$1,387$794$434$229$118$8
48 years$1,342$758$408$212$107$7
49 years$1,300$724$383$196$97$6
50 years$1,259$692$360$181$88$5

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 $3,510 every year, while hoping to spend $21,466 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: 30/47/23 Blend
39$1,290,000$1,290,000$1,290,000$1,290,000
40$1,425,201$1,356,831$1,336,836$1,457,680
41$1,547,731$1,400,476$1,358,780$1,526,546
42$1,682,041$1,445,540$1,380,740$1,598,431
43$1,829,308$1,492,070$1,402,693$1,675,322
44$1,990,830$1,540,115$1,424,617$1,757,667
45$2,168,039$1,589,724$1,446,485$1,845,958
46$2,362,508$1,640,950$1,468,272$1,940,734
47$2,575,973$1,693,845$1,489,948$2,042,589
48$2,810,345$1,748,466$1,511,484$2,152,174
49$3,067,729$1,804,870$1,532,847$2,270,207
50$3,350,443$1,863,115$1,554,004$2,397,475
51$3,661,044$1,923,263$1,574,919$2,534,844
52$4,002,345$1,985,377$1,595,553$2,683,267
53$4,377,447$2,049,523$1,615,866$2,843,792
54$4,789,765$2,115,769$1,635,816$3,017,572
55$5,243,063$2,184,183$1,655,358$3,205,874
56$5,741,486$2,254,839$1,674,444$3,410,093
57$6,289,604$2,327,812$1,693,023$3,631,765
58$6,892,447$2,403,179$1,711,044$3,872,579
59$7,555,562$2,481,020$1,728,449$4,134,395
60$8,285,057$2,561,417$1,745,179$4,419,259
61$9,087,663$2,644,458$1,761,174$4,729,423
62$9,970,798$2,730,229$1,776,366$5,067,369
63$10,942,632$2,818,823$1,790,687$5,435,826
64$12,012,171$2,910,335$1,804,065$5,837,800
65$13,189,334$3,004,863$1,816,423$6,276,603
66$14,485,053$3,102,509$1,827,680$6,755,879
67$15,911,373$3,203,376$1,837,752$7,279,641
68$17,481,566$3,307,575$1,846,550$7,852,310
69$19,210,257$3,415,218$1,853,981$8,478,755
70$21,113,560$3,526,420$1,859,946$9,164,336
71$23,209,232$3,641,303$1,864,343$9,914,959
72$25,516,837$3,759,991$1,867,062$10,737,129
73$28,057,937$3,882,613$1,867,991$11,638,009
74$30,856,288$4,009,302$1,867,010$12,625,491
75$33,938,069$4,140,197$1,863,994$13,708,269
76$37,332,126$4,275,441$1,858,812$14,895,918
77$41,070,247$4,415,182$1,851,326$16,198,989
78$45,187,459$4,559,572$1,841,392$17,629,101
79$49,722,360$4,708,771$1,828,859$19,199,059
80$54,717,482$4,862,943$1,813,568$20,922,967
81$60,219,696$5,022,258$1,795,353$22,816,364
82$66,280,648$5,186,892$1,774,041$24,896,370
83$72,957,252$5,357,027$1,749,448$27,181,848
84$80,312,222$5,532,851$1,721,385$29,693,580
85$88,414,669$5,714,561$1,689,652$32,454,462
86$97,340,749$5,902,359$1,654,039$35,489,721
87$107,174,385$6,096,454$1,614,329$38,827,155
88$118,008,055$6,297,064$1,570,292$42,497,389
89$129,943,670$6,504,412$1,521,690$46,534,168
90$143,093,528$6,718,733$1,468,271$50,974,676
91$157,581,384$6,940,267$1,409,774$55,859,881
92$173,543,609$7,169,264$1,345,925$61,234,925
93$191,130,483$7,405,983$1,276,439$67,149,553
94$210,507,608$7,650,692$1,201,015$73,658,572
95$231,857,477$7,903,669$1,119,343$80,822,378
96$255,381,193$8,165,202$1,031,094$88,707,521
97$281,300,366$8,435,589$935,927$97,387,330
98$309,859,210$8,715,139$833,487$106,942,610
99$341,326,841$9,004,173$723,401$117,462,402
100$375,999,823$9,303,022$605,279$129,044,820