Can I retire at age 40 with 923,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$76,220$75,542$74,879$74,233$73,601$73,230
2 years$37,733$37,030$36,349$35,689$35,048$34,673
3 years$24,905$24,200$23,520$22,866$22,236$21,869
4 years$18,493$17,789$17,117$16,474$15,859$15,503
5 years$14,646$13,947$13,283$12,653$12,056$11,712
6 years$12,083$11,389$10,735$10,119$9,539$9,208
7 years$10,253$9,564$8,921$8,319$7,758$7,439
8 years$8,880$8,198$7,565$6,979$6,436$6,130
9 years$7,814$7,138$6,516$5,945$5,420$5,127
10 years$6,961$6,292$5,681$5,124$4,618$4,337
11 years$6,264$5,601$5,001$4,460$3,972$3,703
12 years$5,683$5,027$4,439$3,912$3,442$3,185
13 years$5,192$4,543$3,966$3,453$3,001$2,757
14 years$4,772$4,130$3,563$3,066$2,631$2,398
15 years$4,407$3,773$3,217$2,734$2,317$2,095
16 years$4,089$3,461$2,917$2,448$2,047$1,836
17 years$3,809$3,188$2,654$2,199$1,815$1,615
18 years$3,560$2,946$2,423$1,982$1,614$1,424
19 years$3,337$2,730$2,218$1,791$1,439$1,259
20 years$3,137$2,537$2,036$1,622$1,285$1,115
21 years$2,956$2,363$1,872$1,472$1,150$989
22 years$2,792$2,206$1,726$1,339$1,031$879
23 years$2,642$2,063$1,593$1,219$925$782
24 years$2,505$1,933$1,474$1,112$832$696
25 years$2,380$1,814$1,365$1,015$748$621
26 years$2,264$1,705$1,266$928$674$554
27 years$2,157$1,604$1,175$850$608$495
28 years$2,057$1,512$1,093$779$548$442
29 years$1,965$1,426$1,017$714$495$396
30 years$1,879$1,347$947$655$447$354
31 years$1,799$1,273$883$602$405$317
32 years$1,723$1,205$824$553$366$284
33 years$1,653$1,141$769$509$331$255
34 years$1,587$1,081$719$468$300$228
35 years$1,525$1,026$672$431$272$205
36 years$1,466$973$629$397$246$184
37 years$1,411$925$588$366$223$165
38 years$1,358$879$551$337$202$148
39 years$1,309$836$516$311$183$133
40 years$1,262$795$484$287$166$119
41 years$1,217$757$454$264$151$107
42 years$1,175$721$426$244$137$96
43 years$1,135$687$399$225$124$86
44 years$1,097$655$375$208$113$78
45 years$1,060$624$352$192$102$70
46 years$1,025$595$331$177$93$63
47 years$992$568$311$164$84$56
48 years$961$542$292$151$77$51
49 years$930$518$274$140$70$45
50 years$901$495$258$129$63$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $923,000, adding $3,075 every year, while hoping to spend $38,061 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: 63/31/6 Blend
39$923,000$923,000$923,000$923,000
40$1,020,318$971,399$957,092$1,083,346
41$1,083,894$978,501$948,658$1,132,828
42$1,152,679$984,675$938,666$1,182,075
43$1,227,164$989,836$927,023$1,234,850
44$1,307,889$993,893$913,633$1,291,494
45$1,395,448$996,748$898,395$1,352,381
46$1,490,495$998,299$881,201$1,417,923
47$1,593,746$998,437$861,942$1,488,578
48$1,705,992$997,044$840,502$1,564,849
49$1,828,103$993,999$816,758$1,647,292
50$1,961,034$989,169$790,584$1,736,521
51$2,105,838$982,417$761,847$1,833,211
52$2,263,672$973,594$730,407$1,938,112
53$2,435,810$962,545$696,120$2,052,048
54$2,623,657$949,103$658,834$2,175,930
55$2,828,754$933,093$618,389$2,310,762
56$3,052,802$914,330$574,621$2,457,655
57$3,297,672$892,616$527,354$2,617,831
58$3,565,423$867,743$476,409$2,792,643
59$3,858,324$839,490$421,596$2,983,582
60$4,178,871$807,623$362,718$3,192,293
61$4,529,815$771,895$299,568$3,420,592
62$4,914,182$732,045$231,930$3,670,483
63$5,335,309$687,795$159,579$3,944,177
64$5,796,866$638,853$82,281$4,244,115
65$6,302,899$584,909$0$4,572,989
66$6,857,863$525,637$0$4,933,782
67$7,466,662$460,691$0$5,335,381
68$8,134,702$389,705$0$5,776,146
69$8,867,935$312,294$0$6,260,085
70$9,672,918$228,050$0$6,791,616
71$10,556,874$136,542$0$7,375,614
72$11,527,758$37,316$0$8,017,456
73$12,594,336$0$0$8,723,070
74$13,766,264$0$0$9,522,911
75$15,054,178$0$0$10,415,973
76$16,469,798$0$0$11,397,662
77$18,026,034$0$0$12,476,939
78$19,737,110$0$0$13,663,680
79$21,618,697$0$0$14,968,762
80$23,688,061$0$0$16,404,171
81$25,964,224$0$0$17,983,112
82$28,468,145$0$0$19,720,136
83$31,222,916$0$0$21,631,273
84$34,253,981$0$0$23,734,185
85$37,589,374$0$0$26,048,335
86$41,259,984$0$0$28,595,166
87$45,299,846$0$0$31,398,306
88$49,746,461$0$0$34,483,789
89$54,641,151$0$0$37,880,300
90$60,029,446$0$0$41,619,450
91$65,961,517$0$0$45,736,067
92$72,492,644$0$0$50,268,529
93$79,683,743$0$0$55,259,124
94$87,601,935$0$0$60,754,452
95$96,321,181$0$0$66,805,857
96$105,922,982$0$0$73,469,922
97$116,497,143$0$0$80,808,992
98$128,142,625$0$0$88,891,769
99$140,968,472$0$0$97,793,957
100$155,094,848$0$0$107,598,978