Can I retire at age 40 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$107,353$106,397$105,464$104,553$103,664$102,199
2 years$53,145$52,155$51,196$50,266$49,364$47,891
3 years$35,078$34,084$33,127$32,206$31,318$29,883
4 years$26,046$25,055$24,108$23,202$22,337$20,950
5 years$20,629$19,644$18,709$17,822$16,980$15,646
6 years$17,018$16,041$15,120$14,252$13,436$12,156
7 years$14,440$13,471$12,564$11,718$10,927$9,702
8 years$12,508$11,547$10,656$9,830$9,065$7,895
9 years$11,005$10,054$9,178$8,373$7,634$6,518
10 years$9,804$8,862$8,001$7,217$6,504$5,442
11 years$8,822$7,889$7,044$6,281$5,594$4,583
12 years$8,004$7,081$6,252$5,509$4,848$3,888
13 years$7,313$6,399$5,585$4,864$4,227$3,317
14 years$6,720$5,817$5,018$4,318$3,706$2,844
15 years$6,208$5,314$4,531$3,851$3,263$2,448
16 years$5,759$4,875$4,108$3,448$2,884$2,114
17 years$5,364$4,490$3,738$3,098$2,557$1,831
18 years$5,014$4,149$3,412$2,792$2,273$1,589
19 years$4,700$3,845$3,124$2,523$2,026$1,383
20 years$4,418$3,573$2,867$2,285$1,810$1,205
21 years$4,164$3,328$2,637$2,074$1,620$1,051
22 years$3,932$3,107$2,430$1,885$1,452$919
23 years$3,722$2,906$2,244$1,717$1,303$804
24 years$3,529$2,722$2,075$1,566$1,171$704
25 years$3,352$2,555$1,922$1,430$1,054$617
26 years$3,188$2,401$1,783$1,308$949$541
27 years$3,037$2,260$1,655$1,197$856$475
28 years$2,897$2,129$1,539$1,097$772$417
29 years$2,767$2,009$1,432$1,006$697$367
30 years$2,646$1,897$1,334$923$630$322
31 years$2,533$1,793$1,244$848$570$283
32 years$2,427$1,697$1,160$779$515$249
33 years$2,328$1,607$1,083$716$466$219
34 years$2,235$1,523$1,012$659$422$193
35 years$2,147$1,445$946$607$382$170
36 years$2,065$1,371$885$559$347$150
37 years$1,987$1,302$829$515$314$132
38 years$1,913$1,238$776$475$285$116
39 years$1,843$1,177$727$438$258$102
40 years$1,777$1,120$681$404$234$90
41 years$1,715$1,066$639$372$212$79
42 years$1,655$1,015$599$344$193$70
43 years$1,598$967$562$317$175$62
44 years$1,545$922$528$293$159$54
45 years$1,493$879$496$271$144$48
46 years$1,444$839$466$250$131$42
47 years$1,398$800$437$231$119$37
48 years$1,353$764$411$213$108$33
49 years$1,310$730$386$197$98$29
50 years$1,269$697$363$182$89$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,300,000, adding $6,034 every year, while hoping to spend $28,824 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: 56/36/8 Blend
39$1,300,000$1,300,000$1,300,000$1,300,000
40$1,438,824$1,369,924$1,349,774$1,516,383
41$1,554,916$1,406,382$1,364,323$1,605,853
42$1,681,882$1,443,660$1,378,393$1,699,522
43$1,820,803$1,481,768$1,391,938$1,800,842
44$1,972,866$1,520,716$1,404,909$1,910,543
45$2,139,380$1,560,512$1,417,255$2,029,433
46$2,321,783$1,601,164$1,428,920$2,158,399
47$2,521,664$1,642,680$1,439,848$2,298,419
48$2,740,770$1,685,067$1,449,978$2,450,567
49$2,981,023$1,728,330$1,459,247$2,616,030
50$3,244,545$1,772,475$1,467,589$2,796,111
51$3,533,668$1,817,507$1,474,933$2,992,246
52$3,850,965$1,863,427$1,481,206$3,206,019
53$4,199,267$1,910,239$1,486,330$3,439,170
54$4,581,694$1,957,943$1,490,224$3,693,619
55$5,001,683$2,006,538$1,492,803$3,971,479
56$5,463,020$2,056,023$1,493,977$4,275,079
57$5,969,875$2,106,395$1,493,652$4,606,984
58$6,526,842$2,157,649$1,491,729$4,970,019
59$7,138,983$2,209,777$1,488,106$5,367,296
60$7,811,874$2,262,771$1,482,672$5,802,245
61$8,551,659$2,316,620$1,475,315$6,278,643
62$9,365,105$2,371,311$1,465,915$6,800,653
63$10,259,670$2,426,830$1,454,347$7,372,859
64$11,243,569$2,483,157$1,440,481$8,000,316
65$12,325,854$2,540,273$1,424,178$8,688,590
66$13,516,499$2,598,154$1,405,296$9,443,816
67$14,826,492$2,656,774$1,383,684$10,272,751
68$16,267,941$2,716,102$1,359,183$11,182,845
69$17,854,185$2,776,106$1,331,631$12,182,302
70$19,599,925$2,836,747$1,300,852$13,280,167
71$21,521,355$2,897,985$1,266,669$14,486,404
72$23,636,321$2,959,775$1,228,890$15,811,992
73$25,964,487$3,022,065$1,187,319$17,269,032
74$28,527,520$3,084,802$1,141,750$18,870,856
75$31,349,294$3,147,924$1,091,965$20,632,159
76$34,456,115$3,211,366$1,037,740$22,569,130
77$37,876,972$3,275,056$978,837$24,699,613
78$41,643,806$3,338,916$915,011$27,043,269
79$45,791,814$3,402,863$846,003$29,621,767
80$50,359,779$3,466,803$771,544$32,458,982
81$55,390,438$3,530,638$691,353$35,581,230
82$60,930,885$3,594,261$605,135$39,017,507
83$67,033,011$3,657,556$512,583$42,799,769
84$73,754,001$3,720,399$413,377$46,963,231
85$81,156,865$3,782,655$307,182$51,546,700
86$89,311,041$3,844,180$193,647$56,592,945
87$98,293,041$3,904,819$72,409$62,149,096
88$108,187,183$3,964,407$0$68,267,090
89$119,086,377$4,022,764$0$75,009,029
90$131,093,007$4,079,699$0$82,440,040
91$144,319,899$4,135,009$0$90,623,483
92$158,891,378$4,188,475$0$99,636,001
93$174,944,450$4,239,862$0$109,562,054
94$192,630,090$4,288,920$0$120,494,717
95$212,114,666$4,335,384$0$132,536,559
96$233,581,512$4,378,968$0$145,800,611
97$257,232,657$4,419,369$0$160,411,435
98$283,290,734$4,456,263$0$176,506,299
99$312,001,074$4,489,306$0$194,236,474
100$343,634,033$4,518,131$0$213,768,659