Can I retire at age 40 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$76,220$75,542$74,879$74,233$73,601$72,027
2 years$37,733$37,030$36,349$35,689$35,048$33,470
3 years$24,905$24,200$23,520$22,866$22,236$20,703
4 years$18,493$17,789$17,117$16,474$15,859$14,383
5 years$14,646$13,947$13,283$12,653$12,056$10,640
6 years$12,083$11,389$10,735$10,119$9,539$8,187
7 years$10,253$9,564$8,921$8,319$7,758$6,468
8 years$8,880$8,198$7,565$6,979$6,436$5,209
9 years$7,814$7,138$6,516$5,945$5,420$4,254
10 years$6,961$6,292$5,681$5,124$4,618$3,513
11 years$6,264$5,601$5,001$4,460$3,972$2,926
12 years$5,683$5,027$4,439$3,912$3,442$2,453
13 years$5,192$4,543$3,966$3,453$3,001$2,068
14 years$4,772$4,130$3,563$3,066$2,631$1,752
15 years$4,407$3,773$3,217$2,734$2,317$1,489
16 years$4,089$3,461$2,917$2,448$2,047$1,270
17 years$3,809$3,188$2,654$2,199$1,815$1,086
18 years$3,560$2,946$2,423$1,982$1,614$930
19 years$3,337$2,730$2,218$1,791$1,439$799
20 years$3,137$2,537$2,036$1,622$1,285$687
21 years$2,956$2,363$1,872$1,472$1,150$591
22 years$2,792$2,206$1,726$1,339$1,031$509
23 years$2,642$2,063$1,593$1,219$925$440
24 years$2,505$1,933$1,474$1,112$832$380
25 years$2,380$1,814$1,365$1,015$748$328
26 years$2,264$1,705$1,266$928$674$284
27 years$2,157$1,604$1,175$850$608$245
28 years$2,057$1,512$1,093$779$548$212
29 years$1,965$1,426$1,017$714$495$184
30 years$1,879$1,347$947$655$447$159
31 years$1,799$1,273$883$602$405$138
32 years$1,723$1,205$824$553$366$120
33 years$1,653$1,141$769$509$331$104
34 years$1,587$1,081$719$468$300$90
35 years$1,525$1,026$672$431$272$78
36 years$1,466$973$629$397$246$68
37 years$1,411$925$588$366$223$59
38 years$1,358$879$551$337$202$51
39 years$1,309$836$516$311$183$44
40 years$1,262$795$484$287$166$38
41 years$1,217$757$454$264$151$33
42 years$1,175$721$426$244$137$29
43 years$1,135$687$399$225$124$25
44 years$1,097$655$375$208$113$22
45 years$1,060$624$352$192$102$19
46 years$1,025$595$331$177$93$16
47 years$992$568$311$164$84$14
48 years$961$542$292$151$77$12
49 years$930$518$274$140$70$11
50 years$901$495$258$129$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $923,000, adding $6,922 every year, while hoping to spend $36,279 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: 26/49/25 Blend
39$923,000$923,000$923,000$923,000
40$1,024,286$975,367$961,061$1,042,720
41$1,090,163$984,559$954,655$1,067,360
42$1,161,543$992,986$946,820$1,090,190
43$1,238,949$1,000,572$937,468$1,113,925
44$1,322,958$1,007,236$926,508$1,138,665
45$1,414,201$1,012,891$913,848$1,164,522
46$1,513,374$1,017,447$899,386$1,191,624
47$1,621,242$1,020,807$883,020$1,220,113
48$1,738,649$1,022,867$864,641$1,250,148
49$1,866,521$1,023,516$844,136$1,281,911
50$2,005,877$1,022,640$821,386$1,315,602
51$2,157,840$1,020,113$796,266$1,351,448
52$2,323,645$1,015,804$768,646$1,389,701
53$2,504,652$1,009,574$738,391$1,430,645
54$2,702,358$1,001,274$705,359$1,474,594
55$2,918,410$990,748$669,399$1,521,903
56$3,154,622$977,829$630,359$1,572,966
57$3,412,992$962,340$588,074$1,628,221
58$3,695,718$944,096$542,375$1,688,161
59$4,005,222$922,898$493,086$1,753,330
60$4,344,171$898,536$440,020$1,824,337
61$4,715,500$870,788$382,985$1,901,861
62$5,122,445$839,420$321,778$1,986,654
63$5,568,565$804,183$256,189$2,079,555
64$6,057,784$764,813$185,997$2,181,495
65$6,594,422$721,033$110,972$2,293,511
66$7,183,238$672,548$30,874$2,416,752
67$7,829,472$619,047$0$2,552,496
68$8,538,899$560,201$0$2,716,726
69$9,317,879$495,663$0$2,906,186
70$10,173,416$425,065$0$3,114,448
71$11,113,230$348,018$0$3,343,524
72$12,145,822$264,113$0$3,595,640
73$13,280,558$172,917$0$3,873,254
74$14,527,756$73,971$0$4,179,088
75$15,898,785$0$0$4,516,150
76$17,406,169$0$0$4,905,670
77$19,063,706$0$0$5,378,019
78$20,886,598$0$0$5,897,664
79$22,891,594$0$0$6,469,403
80$25,097,149$0$0$7,098,519
81$27,523,594$0$0$7,790,837
82$30,193,333$0$0$8,552,771
83$33,131,049$0$0$9,391,391
84$36,363,938$0$0$10,314,487
85$39,921,968$0$0$11,330,642
86$43,838,158$0$0$12,449,313
87$48,148,890$0$0$13,680,921
88$52,894,253$0$0$15,036,949
89$58,118,419$0$0$16,530,050
90$63,870,062$0$0$18,174,167
91$70,202,816$0$0$19,984,662
92$77,175,777$0$0$21,978,465
93$84,854,066$0$0$24,174,229
94$93,309,442$0$0$26,592,511
95$102,620,974$0$0$29,255,963
96$112,875,793$0$0$32,189,543
97$124,169,908$0$0$35,420,756
98$136,609,118$0$0$38,979,912
99$150,310,005$0$0$42,900,408
100$165,401,035$0$0$47,219,048