Can I retire at age 40 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$117,262$116,218$115,199$114,204$113,233$111,911
2 years$58,051$56,969$55,922$54,906$53,920$52,590
3 years$38,316$37,230$36,185$35,179$34,209$32,911
4 years$28,451$27,368$26,333$25,344$24,398$23,143
5 years$22,533$21,457$20,436$19,467$18,547$17,338
6 years$18,589$17,521$16,515$15,568$14,676$13,515
7 years$15,773$14,714$13,724$12,799$11,935$10,822
8 years$13,662$12,613$11,639$10,737$9,902$8,837
9 years$12,021$10,982$10,025$9,145$8,339$7,321
10 years$10,709$9,680$8,740$7,883$7,105$6,135
11 years$9,636$8,617$7,694$6,861$6,110$5,187
12 years$8,743$7,735$6,829$6,018$5,295$4,417
13 years$7,988$6,990$6,101$5,313$4,617$3,783
14 years$7,341$6,354$5,482$4,716$4,048$3,256
15 years$6,781$5,804$4,949$4,206$3,564$2,814
16 years$6,291$5,325$4,487$3,766$3,150$2,440
17 years$5,860$4,904$4,083$3,384$2,793$2,122
18 years$5,476$4,532$3,727$3,049$2,483$1,850
19 years$5,134$4,200$3,412$2,755$2,213$1,617
20 years$4,826$3,903$3,132$2,496$1,977$1,415
21 years$4,548$3,635$2,880$2,265$1,769$1,241
22 years$4,295$3,393$2,655$2,059$1,586$1,089
23 years$4,065$3,174$2,451$1,875$1,424$957
24 years$3,855$2,974$2,267$1,711$1,280$842
25 years$3,661$2,791$2,100$1,562$1,151$742
26 years$3,483$2,623$1,947$1,428$1,037$654
27 years$3,318$2,468$1,808$1,307$935$577
28 years$3,165$2,326$1,681$1,198$844$509
29 years$3,023$2,194$1,564$1,098$762$449
30 years$2,891$2,072$1,457$1,008$688$397
31 years$2,767$1,959$1,358$926$622$351
32 years$2,651$1,854$1,267$851$563$310
33 years$2,543$1,755$1,183$782$509$274
34 years$2,441$1,664$1,106$720$461$243
35 years$2,346$1,578$1,034$663$418$215
36 years$2,255$1,498$967$610$379$190
37 years$2,170$1,422$905$562$343$168
38 years$2,090$1,352$848$518$311$149
39 years$2,014$1,285$794$478$282$132
40 years$1,941$1,223$744$441$256$117
41 years$1,873$1,164$698$407$232$103
42 years$1,808$1,109$655$375$211$92
43 years$1,746$1,056$614$347$191$81
44 years$1,687$1,007$577$320$173$72
45 years$1,631$960$541$295$158$64
46 years$1,578$916$509$273$143$56
47 years$1,527$874$478$252$130$50
48 years$1,478$835$449$233$118$44
49 years$1,431$797$422$215$107$39
50 years$1,386$761$397$199$97$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,420,000, adding $4,768 every year, while hoping to spend $27,364 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: 52/21/27 Blend
39$1,420,000$1,420,000$1,420,000$1,420,000
40$1,569,758$1,494,498$1,472,488$1,639,292
41$1,700,758$1,538,614$1,492,701$1,732,182
42$1,844,204$1,583,973$1,512,675$1,830,014
43$2,001,334$1,630,610$1,532,371$1,935,894
44$2,173,516$1,678,556$1,551,752$2,050,602
45$2,362,254$1,727,844$1,570,775$2,174,995
46$2,569,205$1,778,510$1,589,397$2,310,019
47$2,796,194$1,830,587$1,607,572$2,456,714
48$3,045,232$1,884,111$1,625,251$2,616,227
49$3,318,531$1,939,119$1,642,383$2,789,819
50$3,618,532$1,995,646$1,658,913$2,978,882
51$3,947,921$2,053,731$1,674,785$3,184,947
52$4,309,656$2,113,411$1,689,938$3,409,701
53$4,706,999$2,174,726$1,704,308$3,655,005
54$5,143,539$2,237,715$1,717,830$3,922,905
55$5,623,235$2,302,417$1,730,431$4,215,659
56$6,150,443$2,368,874$1,742,039$4,535,752
57$6,729,967$2,437,127$1,752,576$4,885,924
58$7,367,095$2,507,218$1,761,959$5,269,191
59$8,067,657$2,579,190$1,770,103$5,688,881
60$8,838,073$2,653,085$1,776,916$6,148,656
61$9,685,419$2,728,948$1,782,305$6,652,554
62$10,617,488$2,806,824$1,786,169$7,205,024
63$11,642,869$2,886,755$1,788,403$7,810,967
64$12,771,025$2,968,790$1,788,897$8,475,786
65$14,012,381$3,052,972$1,787,537$9,205,433
66$15,378,425$3,139,348$1,784,200$10,006,467
67$16,881,813$3,227,965$1,778,760$10,886,117
68$18,536,494$3,318,871$1,771,084$11,852,347
69$20,357,833$3,412,112$1,761,032$12,913,935
70$22,362,762$3,507,737$1,748,457$14,080,555
71$24,569,941$3,605,792$1,733,207$15,362,864
72$26,999,925$3,706,327$1,715,120$16,772,611
73$29,675,370$3,809,389$1,694,029$18,322,740
74$32,621,236$3,915,027$1,669,757$20,027,516
75$35,865,028$4,023,290$1,642,120$21,902,660
76$39,437,054$4,134,224$1,610,924$23,965,497
77$43,370,711$4,247,879$1,575,968$26,235,119
78$47,702,800$4,364,301$1,537,040$28,732,566
79$52,473,874$4,483,540$1,493,918$31,481,025
80$57,728,616$4,605,640$1,446,371$34,506,048
81$63,516,268$4,730,650$1,394,158$37,835,795
82$69,891,089$4,858,613$1,337,024$41,501,299
83$76,912,871$4,989,576$1,274,705$45,536,757
84$84,647,501$5,123,583$1,206,925$49,979,860
85$93,167,583$5,260,675$1,133,394$54,872,142
86$102,553,123$5,400,895$1,053,809$60,259,373
87$112,892,286$5,544,283$967,856$66,191,997
88$124,282,224$5,690,878$875,204$72,725,603
89$136,829,995$5,840,716$775,508$79,921,451
90$150,653,576$5,993,831$668,408$87,847,054
91$165,882,969$6,150,258$553,529$96,576,811
92$182,661,436$6,310,025$430,477$106,192,715
93$201,146,847$6,473,161$298,842$116,785,123
94$221,513,170$6,639,689$158,197$128,453,612
95$243,952,111$6,809,632$8,094$141,307,917
96$268,674,929$6,983,007$0$155,468,974
97$295,914,425$7,159,828$0$171,113,869
98$325,927,142$7,340,104$0$188,350,992
99$358,995,783$7,523,842$0$207,340,012
100$395,431,883$7,711,041$0$228,259,448