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%18.4%
1 years$106,527$105,578$104,652$103,749$102,866$99,375
2 years$52,736$51,754$50,802$49,879$48,984$45,501
3 years$34,808$33,822$32,872$31,958$31,077$27,713
4 years$25,846$24,863$23,923$23,024$22,165$18,944
5 years$20,470$19,493$18,565$17,685$16,849$13,781
6 years$16,887$15,917$15,003$14,143$13,332$10,419
7 years$14,329$13,367$12,468$11,627$10,843$8,084
8 years$12,411$11,458$10,574$9,754$8,995$6,389
9 years$10,921$9,976$9,107$8,308$7,575$5,118
10 years$9,729$8,794$7,940$7,162$6,454$4,143
11 years$8,754$7,829$6,990$6,233$5,551$3,380
12 years$7,943$7,026$6,203$5,467$4,810$2,775
13 years$7,256$6,350$5,542$4,827$4,195$2,290
14 years$6,669$5,772$4,980$4,284$3,677$1,897
15 years$6,160$5,273$4,496$3,821$3,238$1,577
16 years$5,715$4,838$4,076$3,421$2,861$1,314
17 years$5,323$4,455$3,709$3,074$2,537$1,098
18 years$4,975$4,117$3,386$2,770$2,256$918
19 years$4,664$3,815$3,100$2,503$2,011$770
20 years$4,384$3,545$2,845$2,267$1,796$646
21 years$4,132$3,302$2,617$2,058$1,607$543
22 years$3,902$3,083$2,412$1,871$1,441$456
23 years$3,693$2,883$2,227$1,704$1,293$384
24 years$3,502$2,701$2,059$1,554$1,162$323
25 years$3,326$2,535$1,907$1,419$1,046$272
26 years$3,164$2,383$1,769$1,298$942$229
27 years$3,014$2,242$1,643$1,188$849$193
28 years$2,875$2,113$1,527$1,088$766$163
29 years$2,746$1,993$1,421$998$692$137
30 years$2,626$1,882$1,324$916$625$116
31 years$2,514$1,780$1,234$841$565$98
32 years$2,409$1,684$1,151$773$511$83
33 years$2,310$1,595$1,075$711$463$70
34 years$2,218$1,511$1,004$654$419$59
35 years$2,131$1,433$939$602$380$50
36 years$2,049$1,361$879$555$344$42
37 years$1,971$1,292$822$511$312$35
38 years$1,898$1,228$770$471$283$30
39 years$1,829$1,168$721$434$256$25
40 years$1,764$1,111$676$400$232$21
41 years$1,701$1,058$634$370$211$18
42 years$1,642$1,007$595$341$191$15
43 years$1,586$960$558$315$174$13
44 years$1,533$915$524$291$158$11
45 years$1,482$872$492$268$143$9
46 years$1,433$832$462$248$130$8
47 years$1,387$794$434$229$118$7
48 years$1,342$758$408$212$107$6
49 years$1,300$724$383$196$97$5
50 years$1,259$692$360$181$88$4

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 $6,632 every year, while hoping to spend $40,815 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: 29/46/25 Blend
39$1,290,000$1,290,000$1,290,000$1,290,000
40$1,428,421$1,360,051$1,340,056$1,458,597
41$1,530,693$1,383,267$1,341,521$1,505,903
42$1,642,029$1,406,252$1,341,667$1,552,695
43$1,763,310$1,428,952$1,340,407$1,602,168
44$1,895,506$1,451,310$1,337,649$1,654,579
45$2,039,685$1,473,261$1,333,298$1,710,215
46$2,197,022$1,494,740$1,327,252$1,769,393
47$2,368,810$1,515,673$1,319,407$1,832,463
48$2,556,472$1,535,985$1,309,650$1,899,816
49$2,761,576$1,555,592$1,297,868$1,971,883
50$2,985,847$1,574,407$1,283,937$2,049,142
51$3,231,186$1,592,335$1,267,731$2,132,120
52$3,499,684$1,609,277$1,249,117$2,221,406
53$3,793,645$1,625,124$1,227,956$2,317,645
54$4,115,605$1,639,764$1,204,100$2,421,558
55$4,468,358$1,653,073$1,177,399$2,533,938
56$4,854,980$1,664,923$1,147,691$2,655,664
57$5,278,859$1,675,175$1,114,810$2,787,711
58$5,743,726$1,683,683$1,078,580$2,931,154
59$6,253,693$1,690,290$1,038,819$3,087,184
60$6,813,285$1,694,830$995,335$3,257,119
61$7,427,491$1,697,127$947,929$3,442,415
62$8,101,801$1,696,992$896,391$3,644,684
63$8,842,267$1,694,227$840,502$3,865,707
64$9,655,554$1,688,621$780,035$4,107,452
65$10,549,006$1,679,948$714,751$4,372,097
66$11,530,709$1,667,970$644,400$4,662,048
67$12,609,576$1,652,435$568,722$4,979,962
68$13,795,423$1,633,075$487,445$5,328,779
69$15,099,067$1,609,606$400,285$5,711,744
70$16,532,422$1,581,728$306,945$6,132,443
71$18,108,617$1,549,120$207,115$6,594,839
72$19,842,116$1,511,446$100,473$7,103,307
73$21,748,853$1,468,349$0$7,662,681
74$23,846,387$1,419,449$0$8,281,856
75$26,154,063$1,364,346$0$8,992,000
76$28,693,195$1,302,617$0$9,772,892
77$31,487,268$1,233,812$0$10,631,819
78$34,562,158$1,157,458$0$11,576,822
79$37,946,378$1,073,054$0$12,616,770
80$41,671,344$980,068$0$13,761,445
81$45,771,670$877,940$0$15,021,640
82$50,285,500$766,079$0$16,409,256
83$55,254,861$643,857$0$17,937,422
84$60,726,066$510,615$0$19,620,619
85$66,750,142$365,652$0$21,474,816
86$73,383,319$208,232$0$23,517,626
87$80,687,558$37,575$0$25,768,473
88$88,731,131$0$0$28,248,778
89$97,589,273$0$0$31,056,644
90$107,344,883$0$0$34,170,217
91$118,089,313$0$0$37,599,668
92$129,923,225$0$0$41,377,161
93$142,957,544$0$0$45,538,142
94$157,314,501$0$0$50,121,669
95$173,128,788$0$0$55,170,783
96$190,548,832$0$0$60,732,912
97$209,738,189$0$0$66,860,323
98$230,877,092$0$0$73,610,607
99$254,164,149$0$0$81,047,233
100$279,818,221$0$0$89,240,137