Can I retire at age 40 with 924,000?

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 $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%14.2%
1 years$76,303$75,623$74,960$74,313$73,681$72,401
2 years$37,774$37,070$36,388$35,727$35,086$33,801
3 years$24,932$24,226$23,546$22,891$22,260$21,009
4 years$18,513$17,809$17,135$16,492$15,876$14,669
5 years$14,662$13,962$13,298$12,667$12,069$10,910
6 years$12,096$11,401$10,747$10,130$9,550$8,440
7 years$10,264$9,575$8,930$8,328$7,766$6,706
8 years$8,890$8,207$7,574$6,987$6,443$5,431
9 years$7,822$7,146$6,523$5,951$5,426$4,463
10 years$6,968$6,299$5,687$5,130$4,623$3,708
11 years$6,270$5,607$5,007$4,464$3,976$3,107
12 years$5,689$5,033$4,443$3,916$3,446$2,622
13 years$5,198$4,548$3,970$3,457$3,005$2,226
14 years$4,777$4,134$3,567$3,069$2,634$1,898
15 years$4,412$3,777$3,221$2,737$2,319$1,625
16 years$4,094$3,465$2,920$2,451$2,050$1,395
17 years$3,813$3,191$2,657$2,202$1,817$1,201
18 years$3,564$2,949$2,425$1,984$1,616$1,037
19 years$3,341$2,733$2,220$1,793$1,440$897
20 years$3,140$2,540$2,038$1,624$1,286$777
21 years$2,959$2,366$1,874$1,474$1,151$674
22 years$2,795$2,208$1,728$1,340$1,032$585
23 years$2,645$2,065$1,595$1,220$926$509
24 years$2,508$1,935$1,475$1,113$833$443
25 years$2,382$1,816$1,366$1,017$749$386
26 years$2,266$1,707$1,267$929$675$336
27 years$2,159$1,606$1,177$851$608$293
28 years$2,059$1,513$1,094$779$549$256
29 years$1,967$1,428$1,018$715$496$223
30 years$1,881$1,348$948$656$448$195
31 years$1,800$1,275$884$602$405$170
32 years$1,725$1,206$825$554$366$149
33 years$1,655$1,142$770$509$332$130
34 years$1,589$1,083$720$468$300$114
35 years$1,526$1,027$673$431$272$100
36 years$1,468$975$629$397$246$87
37 years$1,412$926$589$366$223$76
38 years$1,360$880$552$337$202$67
39 years$1,310$836$517$311$184$58
40 years$1,263$796$484$287$166$51
41 years$1,219$758$454$265$151$45
42 years$1,176$721$426$244$137$39
43 years$1,136$687$400$225$124$34
44 years$1,098$655$375$208$113$30
45 years$1,061$625$352$192$102$26
46 years$1,027$596$331$178$93$23
47 years$993$569$311$164$84$20
48 years$962$543$292$152$77$18
49 years$931$519$275$140$70$15
50 years$902$495$258$130$63$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $924,000, adding $3,879 every year, while hoping to spend $56,625 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: 65/7/28 Blend
39$924,000$924,000$924,000$924,000
40$1,022,249$973,277$958,955$1,080,891
41$1,066,270$960,719$930,832$1,108,445
42$1,112,883$945,648$899,868$1,131,917
43$1,162,293$927,881$865,910$1,156,333
44$1,214,724$907,224$828,794$1,181,792
45$1,270,420$883,471$788,353$1,208,404
46$1,329,648$856,407$744,408$1,236,295
47$1,392,701$825,800$696,775$1,265,604
48$1,459,900$791,407$645,260$1,296,486
49$1,531,595$752,972$589,661$1,329,117
50$1,608,170$710,220$529,768$1,363,689
51$1,690,048$662,865$465,359$1,400,420
52$1,777,689$610,602$396,205$1,439,553
53$1,871,600$553,108$322,065$1,481,356
54$1,972,336$490,043$242,687$1,526,130
55$2,080,507$421,048$157,810$1,574,210
56$2,196,782$345,743$67,160$1,625,967
57$2,321,895$263,725$0$1,681,816
58$2,456,652$174,572$0$1,751,055
59$2,601,940$77,835$0$1,847,345
60$2,758,729$0$0$1,951,261
61$2,928,090$0$0$2,065,609
62$3,111,198$0$0$2,195,767
63$3,309,341$0$0$2,336,665
64$3,523,941$0$0$2,489,317
65$3,756,557$0$0$2,654,842
66$4,008,905$0$0$2,834,465
67$4,282,872$0$0$3,029,538
68$4,580,532$0$0$3,241,546
69$4,904,169$0$0$3,472,124
70$5,256,295$0$0$3,723,068
71$5,639,672$0$0$3,996,358
72$6,057,341$0$0$4,294,169
73$6,512,649$0$0$4,618,898
74$7,009,279$0$0$4,973,181
75$7,551,283$0$0$5,359,921
76$8,143,125$0$0$5,782,311
77$8,789,714$0$0$6,243,869
78$9,496,460$0$0$6,748,466
79$10,269,315$0$0$7,300,366
80$11,114,833$0$0$7,904,262
81$12,040,234$0$0$8,565,321
82$13,053,463$0$0$9,289,235
83$14,163,273$0$0$10,082,272
84$15,379,302$0$0$10,951,333
85$16,712,164$0$0$11,904,019
86$18,173,549$0$0$12,948,702
87$19,776,333$0$0$14,094,602
88$21,534,698$0$0$15,351,876
89$23,464,263$0$0$16,731,711
90$25,582,233$0$0$18,246,427
91$27,907,562$0$0$19,909,599
92$30,461,127$0$0$21,736,179
93$33,265,925$0$0$23,742,638
94$36,347,293$0$0$25,947,120
95$39,733,139$0$0$28,369,616
96$43,454,213$0$0$31,032,147
97$47,544,387$0$0$33,958,975
98$52,040,981$0$0$37,176,827
99$56,985,110$0$0$40,715,153
100$62,422,072$0$0$44,606,396