Can I retire at age 40 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$76,138$75,460$74,798$74,152$73,522$72,096
2 years$37,692$36,990$36,310$35,650$35,010$33,580
3 years$24,878$24,173$23,495$22,841$22,212$20,821
4 years$18,473$17,770$17,098$16,456$15,842$14,502
5 years$14,631$13,932$13,269$12,640$12,043$10,757
6 years$12,070$11,376$10,723$10,108$9,529$8,299
7 years$10,241$9,554$8,911$8,310$7,750$6,575
8 years$8,871$8,189$7,557$6,971$6,429$5,310
9 years$7,805$7,130$6,509$5,938$5,414$4,350
10 years$6,953$6,285$5,675$5,119$4,613$3,603
11 years$6,257$5,595$4,996$4,455$3,967$3,010
12 years$5,677$5,022$4,434$3,907$3,438$2,532
13 years$5,186$4,538$3,961$3,450$2,998$2,142
14 years$4,766$4,125$3,559$3,062$2,628$1,820
15 years$4,403$3,769$3,214$2,731$2,314$1,553
16 years$4,085$3,458$2,914$2,445$2,045$1,329
17 years$3,805$3,184$2,651$2,197$1,813$1,140
18 years$3,556$2,942$2,420$1,980$1,612$981
19 years$3,333$2,727$2,216$1,789$1,437$845
20 years$3,134$2,534$2,033$1,620$1,284$729
21 years$2,953$2,360$1,870$1,471$1,149$630
22 years$2,789$2,203$1,724$1,337$1,030$545
23 years$2,640$2,061$1,592$1,218$924$472
24 years$2,503$1,931$1,472$1,111$831$409
25 years$2,377$1,812$1,363$1,014$748$355
26 years$2,261$1,703$1,264$927$673$308
27 years$2,154$1,603$1,174$849$607$268
28 years$2,055$1,510$1,091$778$548$233
29 years$1,963$1,425$1,016$713$495$202
30 years$1,877$1,345$946$655$447$176
31 years$1,797$1,272$882$601$404$153
32 years$1,722$1,203$823$552$366$133
33 years$1,651$1,140$768$508$331$116
34 years$1,585$1,080$718$467$300$101
35 years$1,523$1,025$671$430$271$88
36 years$1,464$972$628$396$246$77
37 years$1,409$924$588$365$223$67
38 years$1,357$878$550$337$202$58
39 years$1,307$835$516$310$183$51
40 years$1,261$794$483$286$166$44
41 years$1,216$756$453$264$151$38
42 years$1,174$720$425$244$137$33
43 years$1,134$686$399$225$124$29
44 years$1,095$654$374$208$113$25
45 years$1,059$623$352$192$102$22
46 years$1,024$595$330$177$93$19
47 years$991$568$310$164$84$17
48 years$959$542$292$151$77$15
49 years$929$517$274$140$70$13
50 years$900$494$258$129$63$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $922,000, adding $2,394 every year, while hoping to spend $59,348 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: 53/19/28 Blend
39$922,000$922,000$922,000$922,000
40$1,018,513$969,647$955,356$1,064,415
41$1,059,256$954,014$924,215$1,080,857
42$1,102,165$935,626$890,041$1,092,509
43$1,147,399$914,285$852,671$1,104,010
44$1,195,131$889,782$811,933$1,115,370
45$1,245,548$861,895$767,646$1,126,601
46$1,298,856$830,390$719,624$1,137,725
47$1,355,279$795,019$667,671$1,148,764
48$1,415,061$755,518$611,582$1,159,750
49$1,478,469$711,611$551,142$1,170,723
50$1,545,796$663,002$486,128$1,181,729
51$1,617,361$609,383$416,306$1,192,827
52$1,693,512$550,424$341,434$1,204,083
53$1,774,634$485,777$261,255$1,215,580
54$1,861,144$415,078$175,504$1,227,411
55$1,953,501$337,937$83,904$1,239,687
56$2,052,207$253,946$0$1,252,537
57$2,157,815$162,671$0$1,270,247
58$2,270,928$63,658$0$1,315,869
59$2,392,207$0$0$1,364,601
60$2,522,382$0$0$1,425,875
61$2,662,248$0$0$1,506,074
62$2,812,682$0$0$1,592,399
63$2,974,646$0$0$1,685,408
64$3,149,194$0$0$1,785,718
65$3,337,487$0$0$1,894,004
66$3,540,799$0$0$2,011,008
67$3,760,529$0$0$2,137,548
68$3,998,217$0$0$2,274,519
69$4,255,554$0$0$2,422,907
70$4,534,398$0$0$2,583,798
71$4,836,796$0$0$2,758,382
72$5,164,994$0$0$2,947,972
73$5,521,467$0$0$3,154,010
74$5,908,933$0$0$3,378,081
75$6,330,386$0$0$3,621,933
76$6,789,117$0$0$3,887,484
77$7,288,749$0$0$4,176,850
78$7,833,269$0$0$4,492,355
79$8,427,064$0$0$4,836,560
80$9,074,961$0$0$5,212,283
81$9,782,277$0$0$5,622,624
82$10,554,862$0$0$6,071,000
83$11,399,156$0$0$6,561,167
84$12,322,251$0$0$7,097,267
85$13,331,953$0$0$7,683,854
86$14,436,859$0$0$8,325,947
87$15,646,435$0$0$9,029,071
88$16,971,104$0$0$9,799,312
89$18,422,343$0$0$10,643,368
90$20,012,795$0$0$11,568,622
91$21,756,382$0$0$12,583,199
92$23,668,436$0$0$13,696,053
93$25,765,846$0$0$14,917,042
94$28,067,213$0$0$16,257,029
95$30,593,028$0$0$17,727,975
96$33,365,859$0$0$19,343,058
97$36,410,567$0$0$21,116,796
98$39,754,539$0$0$23,065,178
99$43,427,945$0$0$25,205,820
100$47,464,018$0$0$27,558,130