Can I retire at age 40 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$76,303$75,623$74,960$74,313$73,681$70,814
2 years$37,774$37,070$36,388$35,727$35,086$32,232
3 years$24,932$24,226$23,546$22,891$22,260$19,509
4 years$18,513$17,809$17,135$16,492$15,876$13,249
5 years$14,662$13,962$13,298$12,667$12,069$9,572
6 years$12,096$11,401$10,747$10,130$9,550$7,185
7 years$10,264$9,575$8,930$8,328$7,766$5,534
8 years$8,890$8,207$7,574$6,987$6,443$4,340
9 years$7,822$7,146$6,523$5,951$5,426$3,449
10 years$6,968$6,299$5,687$5,130$4,623$2,769
11 years$6,270$5,607$5,007$4,464$3,976$2,240
12 years$5,689$5,033$4,443$3,916$3,446$1,823
13 years$5,198$4,548$3,970$3,457$3,005$1,491
14 years$4,777$4,134$3,567$3,069$2,634$1,224
15 years$4,412$3,777$3,221$2,737$2,319$1,008
16 years$4,094$3,465$2,920$2,451$2,050$832
17 years$3,813$3,191$2,657$2,202$1,817$689
18 years$3,564$2,949$2,425$1,984$1,616$571
19 years$3,341$2,733$2,220$1,793$1,440$473
20 years$3,140$2,540$2,038$1,624$1,286$393
21 years$2,959$2,366$1,874$1,474$1,151$327
22 years$2,795$2,208$1,728$1,340$1,032$272
23 years$2,645$2,065$1,595$1,220$926$227
24 years$2,508$1,935$1,475$1,113$833$189
25 years$2,382$1,816$1,366$1,017$749$157
26 years$2,266$1,707$1,267$929$675$131
27 years$2,159$1,606$1,177$851$608$110
28 years$2,059$1,513$1,094$779$549$91
29 years$1,967$1,428$1,018$715$496$76
30 years$1,881$1,348$948$656$448$64
31 years$1,800$1,275$884$602$405$53
32 years$1,725$1,206$825$554$366$44
33 years$1,655$1,142$770$509$332$37
34 years$1,589$1,083$720$468$300$31
35 years$1,526$1,027$673$431$272$26
36 years$1,468$975$629$397$246$22
37 years$1,412$926$589$366$223$18
38 years$1,360$880$552$337$202$15
39 years$1,310$836$517$311$184$13
40 years$1,263$796$484$287$166$10
41 years$1,219$758$454$265$151$9
42 years$1,176$721$426$244$137$7
43 years$1,136$687$400$225$124$6
44 years$1,098$655$375$208$113$5
45 years$1,061$625$352$192$102$4
46 years$1,027$596$331$178$93$4
47 years$993$569$311$164$84$3
48 years$962$543$292$152$77$2
49 years$931$519$275$140$70$2
50 years$902$495$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $924,000, adding $4,120 every year, while hoping to spend $20,592 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: 71/6/23 Blend
39$924,000$924,000$924,000$924,000
40$1,022,498$973,526$959,204$1,088,951
41$1,104,883$999,319$969,427$1,159,637
42$1,194,981$1,025,686$979,303$1,234,196
43$1,293,557$1,052,632$988,798$1,315,336
44$1,401,454$1,080,165$997,877$1,403,709
45$1,519,599$1,108,290$1,006,502$1,500,031
46$1,649,013$1,137,011$1,014,635$1,605,093
47$1,790,822$1,166,334$1,022,235$1,719,766
48$1,946,263$1,196,262$1,029,257$1,845,009
49$2,116,702$1,226,799$1,035,658$1,981,879
50$2,303,642$1,257,948$1,041,388$2,131,540
51$2,508,737$1,289,711$1,046,398$2,295,276
52$2,733,811$1,322,090$1,050,635$2,474,501
53$2,980,871$1,355,084$1,054,043$2,670,774
54$3,252,130$1,388,693$1,056,564$2,885,810
55$3,550,025$1,422,917$1,058,136$3,121,503
56$3,877,239$1,457,752$1,058,696$3,379,936
57$4,236,731$1,493,195$1,058,175$3,663,407
58$4,631,757$1,529,241$1,056,504$3,974,449
59$5,065,906$1,565,884$1,053,607$4,315,851
60$5,543,133$1,603,116$1,049,406$4,690,688
61$6,067,792$1,640,929$1,043,822$5,102,348
62$6,644,684$1,679,311$1,036,766$5,554,565
63$7,279,094$1,718,250$1,028,151$6,051,453
64$7,976,850$1,757,731$1,017,881$6,597,548
65$8,744,367$1,797,739$1,005,859$7,197,846
66$9,588,719$1,838,255$991,982$7,857,856
67$10,517,696$1,879,257$976,141$8,583,646
68$11,539,883$1,920,722$958,223$9,381,904
69$12,664,738$1,962,625$938,111$10,260,003
70$13,902,684$2,004,936$915,681$11,226,064
71$15,265,204$2,047,624$890,802$12,289,041
72$16,764,951$2,090,654$863,340$13,458,799
73$18,415,867$2,133,987$833,153$14,746,211
74$20,233,315$2,177,582$800,093$16,163,258
75$22,234,222$2,221,392$764,005$17,723,146
76$24,437,240$2,265,368$724,727$19,440,427
77$26,862,922$2,309,455$682,089$21,331,139
78$29,533,917$2,353,595$635,915$23,412,956
79$32,475,178$2,397,723$586,020$25,705,356
80$35,714,206$2,441,771$532,211$28,229,804
81$39,281,301$2,485,663$474,286$31,009,956
82$43,209,853$2,529,320$412,035$34,071,882
83$47,536,656$2,572,655$345,236$37,444,313
84$52,302,254$2,615,575$273,661$41,158,911
85$57,551,324$2,657,978$197,069$45,250,568
86$63,333,098$2,699,758$115,209$49,757,739
87$69,701,827$2,740,798$27,821$54,722,802
88$76,717,291$2,780,975$0$60,192,457
89$84,445,368$2,820,156$0$66,234,232
90$92,958,651$2,858,199$0$72,897,116
91$102,337,133$2,894,951$0$80,236,854
92$112,668,967$2,930,250$0$88,322,406
93$124,051,292$2,963,923$0$97,229,765
94$136,591,152$2,995,783$0$107,042,672
95$150,406,506$3,025,633$0$117,853,408
96$165,627,342$3,053,262$0$129,763,664
97$182,396,905$3,078,445$0$142,885,502
98$200,873,043$3,100,942$0$157,342,412
99$221,229,704$3,120,499$0$173,270,476
100$243,658,574$3,136,844$0$190,819,657