Can I retire at age 40 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$75,973$75,296$74,636$73,991$73,362$72,058
2 years$37,610$36,910$36,231$35,573$34,934$33,625
3 years$24,824$24,121$23,444$22,792$22,164$20,890
4 years$18,433$17,731$17,061$16,420$15,807$14,579
5 years$14,599$13,902$13,240$12,612$12,017$10,837
6 years$12,044$11,352$10,700$10,086$9,508$8,378
7 years$10,219$9,533$8,892$8,292$7,733$6,653
8 years$8,852$8,172$7,541$6,956$6,415$5,386
9 years$7,788$7,115$6,495$5,925$5,402$4,423
10 years$6,938$6,271$5,662$5,108$4,603$3,672
11 years$6,243$5,583$4,985$4,445$3,959$3,076
12 years$5,664$5,011$4,424$3,899$3,431$2,594
13 years$5,175$4,529$3,953$3,442$2,992$2,200
14 years$4,756$4,116$3,552$3,056$2,622$1,875
15 years$4,393$3,760$3,207$2,725$2,309$1,604
16 years$4,076$3,450$2,907$2,440$2,041$1,376
17 years$3,796$3,177$2,645$2,192$1,809$1,184
18 years$3,548$2,936$2,415$1,976$1,609$1,021
19 years$3,326$2,721$2,211$1,785$1,434$883
20 years$3,127$2,529$2,029$1,617$1,281$764
21 years$2,947$2,355$1,866$1,467$1,146$662
22 years$2,783$2,199$1,720$1,334$1,027$575
23 years$2,634$2,056$1,588$1,215$922$499
24 years$2,497$1,927$1,469$1,108$829$434
25 years$2,372$1,808$1,360$1,012$746$378
26 years$2,256$1,699$1,262$925$672$329
27 years$2,150$1,599$1,172$847$606$287
28 years$2,050$1,507$1,089$776$547$250
29 years$1,958$1,422$1,014$712$494$218
30 years$1,873$1,343$944$653$446$190
31 years$1,793$1,269$880$600$403$166
32 years$1,718$1,201$821$551$365$145
33 years$1,648$1,137$767$507$330$127
34 years$1,582$1,078$716$466$299$111
35 years$1,520$1,022$670$429$271$97
36 years$1,461$970$627$395$245$85
37 years$1,406$922$586$364$222$74
38 years$1,354$876$549$336$202$65
39 years$1,305$833$515$310$183$56
40 years$1,258$792$482$286$166$49
41 years$1,213$754$452$264$150$43
42 years$1,171$718$424$243$136$38
43 years$1,131$684$398$224$124$33
44 years$1,093$652$374$207$112$29
45 years$1,057$622$351$191$102$25
46 years$1,022$593$330$177$93$22
47 years$989$566$310$163$84$19
48 years$957$541$291$151$76$17
49 years$927$516$273$140$69$15
50 years$898$493$257$129$63$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $920,000, adding $2,904 every year, while hoping to spend $33,982 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: 66/20/14 Blend
39$920,000$920,000$920,000$920,000
40$1,016,835$968,075$953,815$1,080,430
41$1,084,396$979,355$949,612$1,134,529
42$1,157,709$990,047$944,128$1,189,394
43$1,237,325$1,000,089$937,286$1,248,513
44$1,323,850$1,009,412$929,003$1,312,301
45$1,417,951$1,017,941$919,193$1,381,214
46$1,520,360$1,025,598$907,764$1,455,757
47$1,631,885$1,032,301$894,623$1,536,485
48$1,753,414$1,037,961$879,669$1,624,012
49$1,885,924$1,042,482$862,800$1,719,013
50$2,030,490$1,045,766$843,905$1,822,233
51$2,188,297$1,047,705$822,872$1,934,495
52$2,360,646$1,048,185$799,582$2,056,706
53$2,548,973$1,047,088$773,909$2,189,867
54$2,754,857$1,044,284$745,724$2,335,079
55$2,980,037$1,039,638$714,890$2,493,560
56$3,226,427$1,033,006$681,265$2,666,652
57$3,496,135$1,024,236$644,700$2,855,833
58$3,791,482$1,013,165$605,039$3,062,737
59$4,115,025$999,623$562,120$3,289,164
60$4,469,580$983,426$515,773$3,537,097
61$4,858,246$964,382$465,820$3,808,726
62$5,284,437$942,288$412,075$4,106,466
63$5,751,916$916,926$354,346$4,432,977
64$6,264,825$888,069$292,430$4,791,197
65$6,827,726$855,473$226,115$5,184,363
66$7,445,645$818,882$155,181$5,616,044
67$8,124,119$778,026$79,398$6,090,177
68$8,869,246$732,616$0$6,611,104
69$9,687,746$682,350$0$7,183,830
70$10,587,017$626,907$0$7,826,086
71$11,575,215$565,948$0$8,531,857
72$12,661,322$499,114$0$9,307,600
73$13,855,232$426,026$0$10,160,434
74$15,167,848$346,284$0$11,098,203
75$16,611,182$259,465$0$12,129,555
76$18,198,467$165,123$0$13,264,020
77$19,944,283$62,786$0$14,512,104
78$21,864,693$0$0$15,885,386
79$23,977,397$0$0$17,407,202
80$26,301,895$0$0$19,096,847
81$28,859,675$0$0$20,956,130
82$31,674,411$0$0$23,002,270
83$34,772,187$0$0$25,254,237
84$38,181,747$0$0$27,732,936
85$41,934,760$0$0$30,461,399
86$46,066,123$0$0$33,465,006
87$50,614,286$0$0$36,771,722
88$55,621,618$0$0$40,412,361
89$61,134,805$0$0$44,420,878
90$67,205,291$0$0$48,834,688
91$73,889,760$0$0$53,695,016
92$81,250,675$0$0$59,047,293
93$89,356,865$0$0$64,941,576
94$98,284,172$0$0$71,433,028
95$108,116,172$0$0$78,582,431
96$118,944,956$0$0$86,456,765
97$130,872,006$0$0$95,129,837
98$144,009,147$0$0$104,682,978
99$158,479,604$0$0$115,205,812
100$174,419,167$0$0$126,797,098