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%12.3%
1 years$76,303$75,623$74,960$74,313$73,681$72,972
2 years$37,774$37,070$36,388$35,727$35,086$34,372
3 years$24,932$24,226$23,546$22,891$22,260$21,563
4 years$18,513$17,809$17,135$16,492$15,876$15,201
5 years$14,662$13,962$13,298$12,667$12,069$11,418
6 years$12,096$11,401$10,747$10,130$9,550$8,924
7 years$10,264$9,575$8,930$8,328$7,766$7,166
8 years$8,890$8,207$7,574$6,987$6,443$5,868
9 years$7,822$7,146$6,523$5,951$5,426$4,876
10 years$6,968$6,299$5,687$5,130$4,623$4,098
11 years$6,270$5,607$5,007$4,464$3,976$3,476
12 years$5,689$5,033$4,443$3,916$3,446$2,969
13 years$5,198$4,548$3,970$3,457$3,005$2,551
14 years$4,777$4,134$3,567$3,069$2,634$2,203
15 years$4,412$3,777$3,221$2,737$2,319$1,911
16 years$4,094$3,465$2,920$2,451$2,050$1,663
17 years$3,813$3,191$2,657$2,202$1,817$1,451
18 years$3,564$2,949$2,425$1,984$1,616$1,270
19 years$3,341$2,733$2,220$1,793$1,440$1,113
20 years$3,140$2,540$2,038$1,624$1,286$978
21 years$2,959$2,366$1,874$1,474$1,151$861
22 years$2,795$2,208$1,728$1,340$1,032$758
23 years$2,645$2,065$1,595$1,220$926$669
24 years$2,508$1,935$1,475$1,113$833$591
25 years$2,382$1,816$1,366$1,017$749$523
26 years$2,266$1,707$1,267$929$675$462
27 years$2,159$1,606$1,177$851$608$409
28 years$2,059$1,513$1,094$779$549$363
29 years$1,967$1,428$1,018$715$496$322
30 years$1,881$1,348$948$656$448$285
31 years$1,800$1,275$884$602$405$253
32 years$1,725$1,206$825$554$366$225
33 years$1,655$1,142$770$509$332$200
34 years$1,589$1,083$720$468$300$177
35 years$1,526$1,027$673$431$272$158
36 years$1,468$975$629$397$246$140
37 years$1,412$926$589$366$223$124
38 years$1,360$880$552$337$202$111
39 years$1,310$836$517$311$184$98
40 years$1,263$796$484$287$166$88
41 years$1,219$758$454$265$151$78
42 years$1,176$721$426$244$137$69
43 years$1,136$687$400$225$124$62
44 years$1,098$655$375$208$113$55
45 years$1,061$625$352$192$102$49
46 years$1,027$596$331$178$93$43
47 years$993$569$311$164$84$39
48 years$962$543$292$152$77$34
49 years$931$519$275$140$70$31
50 years$902$495$258$130$63$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $924,000, adding $5,428 every year, while hoping to spend $26,834 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: 54/27/19 Blend
39$924,000$924,000$924,000$924,000
40$1,023,847$974,875$960,553$1,073,586
41$1,099,728$994,093$964,180$1,127,446
42$1,182,450$1,013,353$967,030$1,182,754
43$1,272,682$1,032,629$969,047$1,242,374
44$1,371,160$1,051,892$970,175$1,306,726
45$1,478,696$1,071,113$970,354$1,376,271
46$1,596,183$1,090,257$969,520$1,451,520
47$1,724,603$1,109,289$967,609$1,533,033
48$1,865,039$1,128,171$964,550$1,621,432
49$2,018,681$1,146,860$960,271$1,717,398
50$2,186,843$1,165,312$954,696$1,821,685
51$2,370,968$1,183,479$947,745$1,935,124
52$2,572,647$1,201,310$939,336$2,058,630
53$2,793,633$1,218,750$929,379$2,193,213
54$3,035,855$1,235,740$917,784$2,339,986
55$3,301,437$1,252,216$904,455$2,500,179
56$3,592,720$1,268,111$889,291$2,675,143
57$3,912,282$1,283,353$872,186$2,866,373
58$4,262,962$1,297,865$853,032$3,075,515
59$4,647,887$1,311,564$831,712$3,304,384
60$5,070,503$1,324,362$808,106$3,554,981
61$5,534,605$1,336,166$782,088$3,829,514
62$6,044,373$1,346,877$753,526$4,130,417
63$6,604,412$1,356,387$722,283$4,460,372
64$7,219,796$1,364,584$688,213$4,822,339
65$7,896,114$1,371,347$651,167$5,219,581
66$8,639,523$1,376,548$610,986$5,655,693
67$9,456,807$1,380,051$567,506$6,134,642
68$10,355,439$1,381,712$520,556$6,660,802
69$11,343,654$1,381,376$469,955$7,238,993
70$12,430,524$1,378,881$415,515$7,874,530
71$13,626,044$1,374,052$357,041$8,573,275
72$14,941,226$1,366,707$294,328$9,341,689
73$16,388,205$1,356,649$227,162$10,186,895
74$17,980,349$1,343,672$155,319$11,116,747
75$19,732,389$1,327,556$78,567$12,139,902
76$21,660,556$1,308,070$0$13,265,906
77$23,782,733$1,284,965$0$14,505,958
78$26,118,625$1,257,982$0$15,888,024
79$28,689,944$1,226,843$0$17,409,000
80$31,520,616$1,191,255$0$19,083,041
81$34,637,002$1,150,910$0$20,925,746
82$38,068,149$1,105,477$0$22,954,307
83$41,846,066$1,054,611$0$25,187,673
84$46,006,021$997,944$0$27,646,727
85$50,586,880$935,088$0$30,354,486
86$55,631,465$865,631$0$33,336,317
87$61,186,968$789,139$0$36,620,179
88$67,305,385$705,154$0$40,236,884
89$74,044,018$613,190$0$44,220,392
90$81,466,006$512,735$0$48,608,132
91$89,640,926$403,247$0$53,441,353
92$98,645,448$284,153$0$58,765,517
93$108,564,057$154,850$0$64,630,728
94$119,489,853$14,699$0$71,092,206
95$131,525,425$0$0$78,210,811
96$144,783,826$0$0$86,094,309
97$159,389,633$0$0$94,783,927
98$175,480,124$0$0$104,356,988
99$193,206,576$0$0$114,903,513
100$212,735,693$0$0$126,522,699