Can I retire at age 40 with 1,370,000?

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 $1,370,000?

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$113,133$112,126$111,142$110,183$109,246$104,994
2 years$56,007$54,964$53,953$52,972$52,022$47,790
3 years$36,967$35,919$34,911$33,940$33,005$28,926
4 years$27,449$26,404$25,406$24,452$23,539$19,644
5 years$21,740$20,701$19,716$18,781$17,894$14,193
6 years$17,935$16,904$15,934$15,020$14,159$10,654
7 years$15,218$14,196$13,241$12,348$11,515$8,205
8 years$13,181$12,169$11,229$10,359$9,553$6,434
9 years$11,598$10,595$9,672$8,823$8,045$5,114
10 years$10,332$9,339$8,432$7,606$6,855$4,105
11 years$9,297$8,314$7,424$6,619$5,895$3,321
12 years$8,435$7,462$6,588$5,806$5,109$2,703
13 years$7,706$6,744$5,886$5,126$4,455$2,211
14 years$7,082$6,130$5,289$4,550$3,905$1,815
15 years$6,542$5,600$4,775$4,058$3,438$1,495
16 years$6,070$5,138$4,329$3,633$3,039$1,234
17 years$5,653$4,732$3,939$3,265$2,694$1,021
18 years$5,284$4,372$3,596$2,942$2,396$846
19 years$4,953$4,052$3,292$2,658$2,135$702
20 years$4,656$3,765$3,021$2,408$1,907$583
21 years$4,388$3,507$2,779$2,185$1,707$485
22 years$4,144$3,274$2,561$1,987$1,530$404
23 years$3,922$3,062$2,365$1,809$1,373$336
24 years$3,719$2,869$2,187$1,650$1,234$280
25 years$3,532$2,692$2,026$1,507$1,111$233
26 years$3,360$2,530$1,879$1,378$1,001$195
27 years$3,201$2,381$1,745$1,261$902$162
28 years$3,053$2,244$1,622$1,156$814$135
29 years$2,916$2,117$1,509$1,060$735$113
30 years$2,789$1,999$1,406$973$664$94
31 years$2,670$1,890$1,311$893$600$79
32 years$2,558$1,788$1,223$821$543$66
33 years$2,453$1,693$1,142$755$492$55
34 years$2,355$1,605$1,067$695$445$46
35 years$2,263$1,522$997$639$403$38
36 years$2,176$1,445$933$589$365$32
37 years$2,094$1,372$873$543$331$27
38 years$2,016$1,304$818$500$300$22
39 years$1,943$1,240$766$461$272$19
40 years$1,873$1,180$718$425$247$16
41 years$1,807$1,123$673$392$224$13
42 years$1,744$1,070$632$362$203$11
43 years$1,685$1,019$593$334$184$9
44 years$1,628$972$556$309$167$8
45 years$1,574$926$522$285$152$6
46 years$1,522$884$491$263$138$5
47 years$1,473$843$461$243$125$4
48 years$1,426$805$433$225$114$4
49 years$1,381$769$407$208$103$3
50 years$1,338$734$383$192$94$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,370,000, adding $4,588 every year, while hoping to spend $39,690 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: 60/12/28 Blend
39$1,370,000$1,370,000$1,370,000$1,370,000
40$1,514,473$1,441,863$1,420,628$1,593,610
41$1,626,719$1,470,284$1,425,989$1,676,547
42$1,749,084$1,498,768$1,430,199$1,762,361
43$1,882,558$1,527,275$1,433,179$1,855,170
44$2,028,232$1,555,764$1,434,843$1,955,665
45$2,187,304$1,584,189$1,435,102$2,064,608
46$2,361,095$1,612,501$1,433,865$2,182,840
47$2,551,060$1,640,646$1,431,032$2,311,287
48$2,758,799$1,668,569$1,426,503$2,450,971
49$2,986,075$1,696,207$1,420,169$2,603,018
50$3,234,828$1,723,494$1,411,917$2,768,671
51$3,507,195$1,750,360$1,401,631$2,949,300
52$3,805,529$1,776,728$1,389,187$3,146,415
53$4,132,423$1,802,518$1,374,454$3,361,683
54$4,490,730$1,827,641$1,357,298$3,596,941
55$4,883,593$1,852,004$1,337,576$3,854,214
56$5,314,475$1,875,507$1,315,140$4,135,736
57$5,787,188$1,898,044$1,289,835$4,443,971
58$6,305,934$1,919,501$1,261,496$4,781,632
59$6,875,337$1,939,755$1,229,955$5,151,717
60$7,500,495$1,958,676$1,195,032$5,557,525
61$8,187,022$1,976,127$1,156,541$6,002,697
62$8,941,100$1,991,959$1,114,287$6,491,249
63$9,769,543$2,006,016$1,068,067$7,027,604
64$10,679,855$2,018,130$1,017,666$7,616,644
65$11,680,305$2,028,123$962,862$8,263,748
66$12,780,000$2,035,805$903,422$8,974,846
67$13,988,975$2,040,975$839,102$9,756,480
68$15,318,287$2,043,418$769,648$10,615,857
69$16,780,115$2,042,909$694,794$11,560,928
70$18,387,880$2,039,204$614,263$12,600,454
71$20,156,366$2,032,048$527,764$13,744,095
72$22,101,866$2,021,169$434,994$15,002,502
73$24,242,327$2,006,277$335,637$16,387,414
74$26,597,526$1,987,066$229,363$17,911,775
75$29,189,254$1,963,213$115,826$19,589,850
76$32,041,520$1,934,372$0$21,437,369
77$35,180,778$1,900,179$0$23,473,263
78$38,636,178$1,860,248$0$25,752,082
79$42,439,838$1,814,170$0$28,260,369
80$46,627,148$1,761,511$0$31,021,470
81$51,237,105$1,701,813$0$34,061,109
82$56,312,678$1,634,591$0$37,407,637
83$61,901,215$1,559,330$0$41,092,294
84$68,054,890$1,475,487$0$45,149,507
85$74,831,191$1,382,489$0$49,617,216
86$82,293,469$1,279,727$0$54,537,230
87$90,511,527$1,166,558$0$59,955,621
88$99,562,288$1,042,305$0$65,923,163
89$109,530,512$906,248$0$72,495,809
90$120,509,600$757,630$0$79,735,219
91$132,602,474$595,649$0$87,709,343
92$145,922,550$419,459$0$96,493,063
93$160,594,805$228,167$0$106,168,900
94$176,756,956$20,829$0$116,827,794
95$194,560,763$0$0$128,569,961
96$214,173,459$0$0$141,532,719
97$235,779,326$0$0$155,816,037
98$259,581,436$0$0$171,551,433
99$285,803,569$0$0$188,886,867
100$314,692,322$0$0$207,985,388