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%15.7%
1 years$75,973$75,296$74,636$73,991$73,362$71,647
2 years$37,610$36,910$36,231$35,573$34,934$33,216
3 years$24,824$24,121$23,444$22,792$22,164$20,496
4 years$18,433$17,731$17,061$16,420$15,807$14,203
5 years$14,599$13,902$13,240$12,612$12,017$10,480
6 years$12,044$11,352$10,700$10,086$9,508$8,041
7 years$10,219$9,533$8,892$8,292$7,733$6,336
8 years$8,852$8,172$7,541$6,956$6,415$5,087
9 years$7,788$7,115$6,495$5,925$5,402$4,143
10 years$6,938$6,271$5,662$5,108$4,603$3,410
11 years$6,243$5,583$4,985$4,445$3,959$2,831
12 years$5,664$5,011$4,424$3,899$3,431$2,366
13 years$5,175$4,529$3,953$3,442$2,992$1,988
14 years$4,756$4,116$3,552$3,056$2,622$1,678
15 years$4,393$3,760$3,207$2,725$2,309$1,422
16 years$4,076$3,450$2,907$2,440$2,041$1,208
17 years$3,796$3,177$2,645$2,192$1,809$1,029
18 years$3,548$2,936$2,415$1,976$1,609$879
19 years$3,326$2,721$2,211$1,785$1,434$751
20 years$3,127$2,529$2,029$1,617$1,281$644
21 years$2,947$2,355$1,866$1,467$1,146$552
22 years$2,783$2,199$1,720$1,334$1,027$474
23 years$2,634$2,056$1,588$1,215$922$407
24 years$2,497$1,927$1,469$1,108$829$350
25 years$2,372$1,808$1,360$1,012$746$301
26 years$2,256$1,699$1,262$925$672$260
27 years$2,150$1,599$1,172$847$606$224
28 years$2,050$1,507$1,089$776$547$193
29 years$1,958$1,422$1,014$712$494$166
30 years$1,873$1,343$944$653$446$143
31 years$1,793$1,269$880$600$403$124
32 years$1,718$1,201$821$551$365$107
33 years$1,648$1,137$767$507$330$92
34 years$1,582$1,078$716$466$299$80
35 years$1,520$1,022$670$429$271$69
36 years$1,461$970$627$395$245$59
37 years$1,406$922$586$364$222$51
38 years$1,354$876$549$336$202$44
39 years$1,305$833$515$310$183$38
40 years$1,258$792$482$286$166$33
41 years$1,213$754$452$264$150$29
42 years$1,171$718$424$243$136$25
43 years$1,131$684$398$224$124$21
44 years$1,093$652$374$207$112$18
45 years$1,057$622$351$191$102$16
46 years$1,022$593$330$177$93$14
47 years$989$566$310$163$84$12
48 years$957$541$291$151$76$10
49 years$927$516$273$140$69$9
50 years$898$493$257$129$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $920,000, adding $6,879 every year, while hoping to spend $30,346 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: 40/41/19 Blend
39$920,000$920,000$920,000$920,000
40$1,020,936$972,176$957,916$1,055,775
41$1,092,783$987,524$957,718$1,096,657
42$1,170,942$1,002,608$956,497$1,137,425
43$1,256,024$1,017,382$954,185$1,180,900
44$1,348,702$1,031,797$950,714$1,227,344
45$1,449,718$1,045,803$946,010$1,277,047
46$1,559,885$1,059,343$939,998$1,330,329
47$1,680,102$1,072,360$932,596$1,387,545
48$1,811,355$1,084,789$923,722$1,449,087
49$1,954,733$1,096,563$913,286$1,515,388
50$2,111,432$1,107,611$901,197$1,586,926
51$2,282,770$1,117,855$887,359$1,664,231
52$2,470,197$1,127,215$871,670$1,747,887
53$2,675,312$1,135,603$854,026$1,838,540
54$2,899,872$1,142,926$834,314$1,936,904
55$3,145,815$1,149,086$812,420$2,043,769
56$3,415,275$1,153,977$788,222$2,160,004
57$3,710,600$1,157,489$761,595$2,286,574
58$4,034,377$1,159,502$732,404$2,424,541
59$4,389,457$1,159,891$700,513$2,575,081
60$4,778,977$1,158,521$665,776$2,739,491
61$5,206,395$1,155,251$628,042$2,919,204
62$5,675,518$1,149,929$587,152$3,115,802
63$6,190,541$1,142,396$542,942$3,331,035
64$6,756,084$1,132,481$495,238$3,566,830
65$7,377,237$1,120,006$443,861$3,825,319
66$8,059,607$1,104,777$388,622$4,108,855
67$8,809,370$1,086,594$329,324$4,420,035
68$9,633,331$1,065,243$265,762$4,761,726
69$10,538,986$1,040,495$197,720$5,137,092
70$11,534,594$1,012,111$124,975$5,549,626
71$12,629,254$979,836$47,293$6,003,186
72$13,832,991$943,400$0$6,502,024
73$15,156,848$902,519$0$7,058,057
74$16,612,996$856,891$0$7,679,948
75$18,214,840$806,198$0$8,363,873
76$19,977,152$750,100$0$9,116,196
77$21,916,209$688,242$0$9,943,939
78$24,049,943$620,247$0$10,854,844
79$26,398,115$545,717$0$11,857,450
80$28,982,494$464,229$0$12,961,170
81$31,827,071$375,338$0$14,176,389
82$34,958,279$278,576$0$15,514,555
83$38,405,242$173,445$0$16,988,292
84$42,200,054$59,421$0$18,611,521
85$46,378,077$0$0$20,399,592
86$50,978,278$0$0$22,398,326
87$56,043,592$0$0$24,628,820
88$61,621,333$0$0$27,085,120
89$67,763,634$0$0$29,790,203
90$74,527,943$0$0$32,769,390
91$81,977,563$0$0$36,050,583
92$90,182,249$0$0$39,664,527
93$99,218,866$0$0$43,645,102
94$109,172,117$0$0$48,029,641
95$120,135,336$0$0$52,859,285
96$132,211,374$0$0$58,179,367
97$145,513,569$0$0$64,039,843
98$160,166,812$0$0$70,495,763
99$176,308,728$0$0$77,607,788
100$194,090,973$0$0$85,442,765