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%12%
1 years$76,220$75,542$74,879$74,233$73,601$72,985
2 years$37,733$37,030$36,349$35,689$35,048$34,427
3 years$24,905$24,200$23,520$22,866$22,236$21,629
4 years$18,493$17,789$17,117$16,474$15,859$15,271
5 years$14,646$13,947$13,283$12,653$12,056$11,488
6 years$12,083$11,389$10,735$10,119$9,539$8,994
7 years$10,253$9,564$8,921$8,319$7,758$7,234
8 years$8,880$8,198$7,565$6,979$6,436$5,934
9 years$7,814$7,138$6,516$5,945$5,420$4,940
10 years$6,961$6,292$5,681$5,124$4,618$4,159
11 years$6,264$5,601$5,001$4,460$3,972$3,534
12 years$5,683$5,027$4,439$3,912$3,442$3,024
13 years$5,192$4,543$3,966$3,453$3,001$2,604
14 years$4,772$4,130$3,563$3,066$2,631$2,253
15 years$4,407$3,773$3,217$2,734$2,317$1,958
16 years$4,089$3,461$2,917$2,448$2,047$1,707
17 years$3,809$3,188$2,654$2,199$1,815$1,493
18 years$3,560$2,946$2,423$1,982$1,614$1,309
19 years$3,337$2,730$2,218$1,791$1,439$1,150
20 years$3,137$2,537$2,036$1,622$1,285$1,013
21 years$2,956$2,363$1,872$1,472$1,150$893
22 years$2,792$2,206$1,726$1,339$1,031$789
23 years$2,642$2,063$1,593$1,219$925$698
24 years$2,505$1,933$1,474$1,112$832$618
25 years$2,380$1,814$1,365$1,015$748$547
26 years$2,264$1,705$1,266$928$674$485
27 years$2,157$1,604$1,175$850$608$431
28 years$2,057$1,512$1,093$779$548$383
29 years$1,965$1,426$1,017$714$495$340
30 years$1,879$1,347$947$655$447$302
31 years$1,799$1,273$883$602$405$269
32 years$1,723$1,205$824$553$366$239
33 years$1,653$1,141$769$509$331$213
34 years$1,587$1,081$719$468$300$190
35 years$1,525$1,026$672$431$272$169
36 years$1,466$973$629$397$246$151
37 years$1,411$925$588$366$223$134
38 years$1,358$879$551$337$202$120
39 years$1,309$836$516$311$183$107
40 years$1,262$795$484$287$166$95
41 years$1,217$757$454$264$151$85
42 years$1,175$721$426$244$137$76
43 years$1,135$687$399$225$124$68
44 years$1,097$655$375$208$113$60
45 years$1,060$624$352$192$102$54
46 years$1,025$595$331$177$93$48
47 years$992$568$311$164$84$43
48 years$961$542$292$151$77$38
49 years$930$518$274$140$70$34
50 years$901$495$258$129$63$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $923,000, adding $6,711 every year, while hoping to spend $54,519 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: 54/30/16 Blend
39$923,000$923,000$923,000$923,000
40$1,024,068$975,149$960,843$1,074,647
41$1,070,516$964,924$935,023$1,099,678
42$1,119,873$952,370$906,512$1,120,522
43$1,172,380$937,316$875,160$1,141,988
44$1,228,299$919,581$840,814$1,164,149
45$1,287,916$898,971$803,312$1,187,089
46$1,351,546$875,283$762,484$1,210,903
47$1,419,532$848,300$718,156$1,235,699
48$1,492,251$817,794$670,141$1,261,598
49$1,570,118$783,522$618,248$1,288,740
50$1,653,585$745,230$562,275$1,317,279
51$1,743,150$702,646$502,010$1,347,392
52$1,839,359$655,484$437,236$1,379,279
53$1,942,812$603,440$367,721$1,413,161
54$2,054,165$546,195$293,226$1,449,291
55$2,174,142$483,411$213,501$1,487,951
56$2,303,536$414,729$128,285$1,529,457
57$2,443,218$339,773$37,304$1,574,165
58$2,594,147$258,142$0$1,622,471
59$2,757,374$169,416$0$1,685,027
60$2,934,058$73,148$0$1,759,585
61$3,125,469$0$0$1,840,376
62$3,333,007$0$0$1,938,354
63$3,558,208$0$0$2,070,948
64$3,802,766$0$0$2,215,015
65$4,068,539$0$0$2,371,662
66$4,357,574$0$0$2,542,103
67$4,672,124$0$0$2,727,679
68$5,014,664$0$0$2,929,861
69$5,387,923$0$0$3,150,270
70$5,794,900$0$0$3,390,691
71$6,238,896$0$0$3,653,085
72$6,723,547$0$0$3,939,615
73$7,252,853$0$0$4,252,660
74$7,831,219$0$0$4,594,838
75$8,463,494$0$0$4,969,033
76$9,155,015$0$0$5,378,419
77$9,911,661$0$0$5,826,494
78$10,739,905$0$0$6,317,105
79$11,646,872$0$0$6,854,492
80$12,640,413$0$0$7,443,324
81$13,729,170$0$0$8,088,742
82$14,922,662$0$0$8,796,407
83$16,231,374$0$0$9,572,556
84$17,666,852$0$0$10,424,059
85$19,241,815$0$0$11,358,480
86$20,970,272$0$0$12,384,154
87$22,867,654$0$0$13,510,261
88$24,950,960$0$0$14,746,913
89$27,238,912$0$0$16,105,249
90$29,752,139$0$0$17,597,542
91$32,513,363$0$0$19,237,309
92$35,547,617$0$0$21,039,444
93$38,882,479$0$0$23,020,355
94$42,548,329$0$0$25,198,118
95$46,578,642$0$0$27,592,648
96$51,010,294$0$0$30,225,886
97$55,883,913$0$0$33,122,006
98$61,244,265$0$0$36,307,643
99$67,140,669$0$0$39,812,140
100$73,627,465$0$0$43,667,832