Can I retire at age 40 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$113,959$112,944$111,954$110,987$110,043$107,122
2 years$56,415$55,365$54,346$53,359$52,401$49,479
3 years$37,237$36,181$35,166$34,188$33,246$30,413
4 years$27,649$26,597$25,592$24,630$23,711$20,990
5 years$21,898$20,853$19,860$18,918$18,025$15,423
6 years$18,065$17,028$16,050$15,129$14,262$11,783
7 years$15,329$14,300$13,338$12,439$11,599$9,241
8 years$13,277$12,258$11,311$10,434$9,623$7,386
9 years$11,683$10,672$9,742$8,888$8,104$5,985
10 years$10,407$9,407$8,494$7,661$6,905$4,903
11 years$9,365$8,375$7,478$6,668$5,938$4,049
12 years$8,497$7,517$6,636$5,848$5,146$3,366
13 years$7,763$6,793$5,929$5,163$4,487$2,814
14 years$7,134$6,175$5,327$4,583$3,934$2,362
15 years$6,590$5,641$4,810$4,088$3,463$1,990
16 years$6,114$5,175$4,361$3,660$3,061$1,681
17 years$5,695$4,766$3,968$3,288$2,714$1,424
18 years$5,322$4,404$3,622$2,964$2,413$1,208
19 years$4,989$4,082$3,316$2,678$2,151$1,027
20 years$4,690$3,793$3,043$2,425$1,921$875
21 years$4,420$3,533$2,799$2,201$1,719$746
22 years$4,174$3,298$2,580$2,001$1,541$636
23 years$3,951$3,084$2,382$1,823$1,383$543
24 years$3,746$2,890$2,203$1,662$1,243$464
25 years$3,558$2,712$2,041$1,518$1,119$397
26 years$3,384$2,549$1,893$1,388$1,008$340
27 years$3,224$2,399$1,757$1,271$909$291
28 years$3,076$2,260$1,634$1,164$820$249
29 years$2,938$2,132$1,520$1,068$740$213
30 years$2,809$2,014$1,416$980$669$183
31 years$2,689$1,904$1,320$900$605$157
32 years$2,577$1,801$1,232$827$547$134
33 years$2,471$1,706$1,150$760$495$115
34 years$2,372$1,617$1,075$700$448$99
35 years$2,279$1,533$1,005$644$406$85
36 years$2,192$1,455$940$593$368$73
37 years$2,109$1,382$880$547$333$62
38 years$2,031$1,314$824$504$302$53
39 years$1,957$1,249$772$464$274$46
40 years$1,887$1,189$723$428$249$39
41 years$1,820$1,131$678$395$226$34
42 years$1,757$1,078$636$365$205$29
43 years$1,697$1,027$597$337$186$25
44 years$1,640$979$560$311$169$21
45 years$1,585$933$526$287$153$18
46 years$1,533$890$494$265$139$16
47 years$1,484$850$464$245$126$14
48 years$1,436$811$436$226$115$12
49 years$1,391$774$410$209$104$10
50 years$1,347$740$386$193$95$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,380,000, adding $2,784 every year, while hoping to spend $45,941 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: 70/24/6 Blend
39$1,380,000$1,380,000$1,380,000$1,380,000
40$1,523,632$1,450,492$1,429,102$1,628,879
41$1,630,161$1,472,685$1,428,096$1,720,989
42$1,746,017$1,494,426$1,425,516$1,815,805
43$1,872,102$1,515,644$1,421,262$1,918,280
44$2,009,409$1,536,263$1,415,227$2,029,155
45$2,159,032$1,556,203$1,407,300$2,149,247
46$2,322,173$1,575,377$1,397,365$2,279,453
47$2,500,157$1,593,692$1,385,298$2,420,766
48$2,694,440$1,611,050$1,370,973$2,574,275
49$2,906,627$1,627,346$1,354,255$2,741,185
50$3,138,483$1,642,467$1,335,003$2,922,821
51$3,391,954$1,656,293$1,313,071$3,120,642
52$3,669,179$1,668,697$1,288,304$3,336,259
53$3,972,515$1,679,543$1,260,542$3,571,446
54$4,304,557$1,688,686$1,229,616$3,828,158
55$4,668,163$1,695,973$1,195,350$4,108,550
56$5,066,481$1,701,240$1,157,559$4,414,997
57$5,502,974$1,704,314$1,116,050$4,750,117
58$5,981,461$1,705,009$1,070,621$5,116,795
59$6,506,146$1,703,129$1,021,062$5,518,212
60$7,081,656$1,698,467$967,152$5,957,874
61$7,713,094$1,690,800$908,660$6,439,644
62$8,406,075$1,679,895$845,345$6,967,781
63$9,166,787$1,665,502$776,956$7,546,982
64$10,002,045$1,647,357$703,230$8,182,419
65$10,919,357$1,625,181$623,892$8,879,799
66$11,926,993$1,598,677$538,655$9,645,407
67$13,034,066$1,567,531$447,218$10,486,176
68$14,250,611$1,531,411$349,271$11,409,745
69$15,587,686$1,489,963$244,484$12,424,536
70$17,057,473$1,442,815$132,518$13,539,829
71$18,673,394$1,389,571$13,016$14,765,858
72$20,450,235$1,329,815$0$16,113,901
73$22,404,287$1,263,103$0$17,603,720
74$24,553,498$1,188,969$0$19,243,053
75$26,917,643$1,106,917$0$21,046,197
76$29,518,511$1,016,425$0$23,029,827
77$32,380,109$916,939$0$25,212,323
78$35,528,888$807,877$0$27,613,941
79$38,993,991$688,619$0$30,257,010
80$42,807,530$558,514$0$33,166,135
81$47,004,890$416,873$0$36,368,438
82$51,625,057$262,968$0$39,893,811
83$56,710,989$96,029$0$43,775,198
84$62,310,022$0$0$48,048,909
85$68,474,313$0$0$52,777,347
86$75,261,335$0$0$58,011,478
87$82,734,417$0$0$63,774,792
88$90,963,340$0$0$70,121,118
89$100,024,999$0$0$77,109,769
90$110,004,124$0$0$84,806,107
91$120,994,082$0$0$93,282,151
92$133,097,756$0$0$102,617,266
93$146,428,517$0$0$112,898,903
94$161,111,291$0$0$124,223,429
95$177,283,741$0$0$136,697,036
96$195,097,562$0$0$150,436,739
97$214,719,916$0$0$165,571,484
98$236,335,005$0$0$182,243,365
99$260,145,814$0$0$200,608,961
100$286,376,021$0$0$220,840,816