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%19.1%
1 years$76,220$75,542$74,879$74,233$73,601$70,905
2 years$37,733$37,030$36,349$35,689$35,048$32,362
3 years$24,905$24,200$23,520$22,866$22,236$19,644
4 years$18,493$17,789$17,117$16,474$15,859$13,381
5 years$14,646$13,947$13,283$12,653$12,056$9,698
6 years$12,083$11,389$10,735$10,119$9,539$7,304
7 years$10,253$9,564$8,921$8,319$7,758$5,645
8 years$8,880$8,198$7,565$6,979$6,436$4,442
9 years$7,814$7,138$6,516$5,945$5,420$3,544
10 years$6,961$6,292$5,681$5,124$4,618$2,856
11 years$6,264$5,601$5,001$4,460$3,972$2,319
12 years$5,683$5,027$4,439$3,912$3,442$1,895
13 years$5,192$4,543$3,966$3,453$3,001$1,556
14 years$4,772$4,130$3,563$3,066$2,631$1,283
15 years$4,407$3,773$3,217$2,734$2,317$1,061
16 years$4,089$3,461$2,917$2,448$2,047$880
17 years$3,809$3,188$2,654$2,199$1,815$731
18 years$3,560$2,946$2,423$1,982$1,614$609
19 years$3,337$2,730$2,218$1,791$1,439$507
20 years$3,137$2,537$2,036$1,622$1,285$423
21 years$2,956$2,363$1,872$1,472$1,150$354
22 years$2,792$2,206$1,726$1,339$1,031$296
23 years$2,642$2,063$1,593$1,219$925$248
24 years$2,505$1,933$1,474$1,112$832$207
25 years$2,380$1,814$1,365$1,015$748$174
26 years$2,264$1,705$1,266$928$674$145
27 years$2,157$1,604$1,175$850$608$122
28 years$2,057$1,512$1,093$779$548$102
29 years$1,965$1,426$1,017$714$495$86
30 years$1,879$1,347$947$655$447$72
31 years$1,799$1,273$883$602$405$60
32 years$1,723$1,205$824$553$366$51
33 years$1,653$1,141$769$509$331$42
34 years$1,587$1,081$719$468$300$36
35 years$1,525$1,026$672$431$272$30
36 years$1,466$973$629$397$246$25
37 years$1,411$925$588$366$223$21
38 years$1,358$879$551$337$202$18
39 years$1,309$836$516$311$183$15
40 years$1,262$795$484$287$166$12
41 years$1,217$757$454$264$151$10
42 years$1,175$721$426$244$137$9
43 years$1,135$687$399$225$124$7
44 years$1,097$655$375$208$113$6
45 years$1,060$624$352$192$102$5
46 years$1,025$595$331$177$93$4
47 years$992$568$311$164$84$4
48 years$961$542$292$151$77$3
49 years$930$518$274$140$70$3
50 years$901$495$258$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $923,000, adding $2,176 every year, while hoping to spend $43,536 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: 31/48/21 Blend
39$923,000$923,000$923,000$923,000
40$1,019,391$970,472$956,165$1,044,278
41$1,077,046$971,703$941,875$1,064,512
42$1,139,124$971,535$925,646$1,082,203
43$1,206,028$969,854$907,369$1,100,340
44$1,278,205$966,538$886,927$1,118,987
45$1,356,141$961,458$864,199$1,138,220
46$1,440,376$954,478$839,058$1,158,128
47$1,531,498$945,451$811,370$1,178,809
48$1,630,158$934,225$780,998$1,200,378
49$1,737,067$920,636$747,795$1,222,964
50$1,853,012$904,510$711,610$1,246,716
51$1,978,853$885,666$672,283$1,271,803
52$2,115,541$863,908$629,649$1,298,413
53$2,264,119$839,032$583,535$1,326,764
54$2,425,735$810,820$533,759$1,357,098
55$2,601,651$779,042$480,132$1,389,691
56$2,793,259$743,455$422,455$1,424,851
57$3,002,087$703,800$360,523$1,462,927
58$3,229,819$659,805$294,120$1,504,310
59$3,478,308$611,182$223,020$1,549,438
60$3,749,592$557,627$146,988$1,598,805
61$4,045,917$498,817$65,779$1,652,962
62$4,369,754$434,413$0$1,712,527
63$4,723,823$364,054$0$1,782,869
64$5,111,121$287,360$0$1,876,114
65$5,534,946$203,931$0$1,978,431
66$5,998,929$113,342$0$2,090,848
67$6,507,070$15,146$0$2,214,505
68$7,063,773$0$0$2,350,668
69$7,673,889$0$0$2,548,876
70$8,342,759$0$0$2,775,086
71$9,076,268$0$0$3,023,306
72$9,880,894$0$0$3,295,747
73$10,763,777$0$0$3,594,844
74$11,732,776$0$0$3,923,282
75$12,796,553$0$0$4,284,016
76$13,964,647$0$0$4,680,303
77$15,247,566$0$0$5,115,729
78$16,656,887$0$0$5,594,247
79$18,205,361$0$0$6,120,211
80$19,907,038$0$0$6,698,416
81$21,777,395$0$0$7,334,147
82$23,833,484$0$0$8,033,226
83$26,094,089$0$0$8,802,068
84$28,579,908$0$0$9,647,740
85$31,313,744$0$0$10,578,027
86$34,320,720$0$0$11,601,510
87$37,628,516$0$0$12,727,641
88$41,267,630$0$0$13,966,834
89$45,271,666$0$0$15,330,566
90$49,677,647$0$0$16,831,480
91$54,526,369$0$0$18,483,509
92$59,862,781$0$0$20,302,005
93$65,736,411$0$0$22,303,882
94$72,201,831$0$0$24,507,780
95$79,319,174$0$0$26,934,236
96$87,154,698$0$0$29,605,880
97$95,781,412$0$0$32,547,649
98$105,279,764$0$0$35,787,020
99$115,738,400$0$0$39,354,272
100$127,255,000$0$0$43,282,768