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%11.4%
1 years$76,303$75,623$74,960$74,313$73,681$73,247
2 years$37,774$37,070$36,388$35,727$35,086$34,649
3 years$24,932$24,226$23,546$22,891$22,260$21,832
4 years$18,513$17,809$17,135$16,492$15,876$15,461
5 years$14,662$13,962$13,298$12,667$12,069$11,668
6 years$12,096$11,401$10,747$10,130$9,550$9,164
7 years$10,264$9,575$8,930$8,328$7,766$7,395
8 years$8,890$8,207$7,574$6,987$6,443$6,087
9 years$7,822$7,146$6,523$5,951$5,426$5,085
10 years$6,968$6,299$5,687$5,130$4,623$4,297
11 years$6,270$5,607$5,007$4,464$3,976$3,664
12 years$5,689$5,033$4,443$3,916$3,446$3,148
13 years$5,198$4,548$3,970$3,457$3,005$2,721
14 years$4,777$4,134$3,567$3,069$2,634$2,363
15 years$4,412$3,777$3,221$2,737$2,319$2,062
16 years$4,094$3,465$2,920$2,451$2,050$1,805
17 years$3,813$3,191$2,657$2,202$1,817$1,585
18 years$3,564$2,949$2,425$1,984$1,616$1,396
19 years$3,341$2,733$2,220$1,793$1,440$1,232
20 years$3,140$2,540$2,038$1,624$1,286$1,090
21 years$2,959$2,366$1,874$1,474$1,151$965
22 years$2,795$2,208$1,728$1,340$1,032$856
23 years$2,645$2,065$1,595$1,220$926$761
24 years$2,508$1,935$1,475$1,113$833$677
25 years$2,382$1,816$1,366$1,017$749$602
26 years$2,266$1,707$1,267$929$675$537
27 years$2,159$1,606$1,177$851$608$479
28 years$2,059$1,513$1,094$779$549$427
29 years$1,967$1,428$1,018$715$496$381
30 years$1,881$1,348$948$656$448$341
31 years$1,800$1,275$884$602$405$305
32 years$1,725$1,206$825$554$366$272
33 years$1,655$1,142$770$509$332$244
34 years$1,589$1,083$720$468$300$218
35 years$1,526$1,027$673$431$272$195
36 years$1,468$975$629$397$246$175
37 years$1,412$926$589$366$223$157
38 years$1,360$880$552$337$202$140
39 years$1,310$836$517$311$184$126
40 years$1,263$796$484$287$166$113
41 years$1,219$758$454$265$151$101
42 years$1,176$721$426$244$137$91
43 years$1,136$687$400$225$124$81
44 years$1,098$655$375$208$113$73
45 years$1,061$625$352$192$102$65
46 years$1,027$596$331$178$93$59
47 years$993$569$311$164$84$53
48 years$962$543$292$152$77$47
49 years$931$519$275$140$70$42
50 years$902$495$258$130$63$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $924,000, adding $4,522 every year, while hoping to spend $58,863 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: 48/29/23 Blend
39$924,000$924,000$924,000$924,000
40$1,022,912$973,940$959,618$1,065,138
41$1,064,620$959,034$929,136$1,080,188
42$1,108,608$941,424$895,659$1,090,281
43$1,155,049$920,916$859,026$1,100,044
44$1,204,127$897,304$819,067$1,109,472
45$1,256,046$870,370$775,604$1,118,564
46$1,311,028$839,883$728,451$1,127,322
47$1,369,313$805,598$677,415$1,135,755
48$1,431,168$767,257$622,293$1,143,875
49$1,496,880$724,586$562,874$1,151,703
50$1,566,767$677,296$498,935$1,159,265
51$1,641,175$625,080$430,246$1,166,596
52$1,720,481$567,616$356,566$1,173,741
53$1,805,102$504,561$277,643$1,180,757
54$1,895,492$435,554$193,214$1,187,710
55$1,992,149$360,213$103,003$1,194,685
56$2,095,620$278,135$6,725$1,201,778
57$2,206,503$188,894$0$1,209,106
58$2,325,456$92,039$0$1,240,370
59$2,453,200$0$0$1,275,459
60$2,590,526$0$0$1,317,104
61$2,738,302$0$0$1,393,596
62$2,897,484$0$0$1,476,069
63$3,069,118$0$0$1,565,074
64$3,254,355$0$0$1,661,219
65$3,454,461$0$0$1,765,170
66$3,670,824$0$0$1,877,662
67$3,904,973$0$0$1,999,499
68$4,158,587$0$0$2,131,569
69$4,433,511$0$0$2,274,846
70$4,731,776$0$0$2,430,402
71$5,055,614$0$0$2,599,415
72$5,407,482$0$0$2,783,183
73$5,790,080$0$0$2,983,132
74$6,206,381$0$0$3,200,831
75$6,659,655$0$0$3,438,009
76$7,153,500$0$0$3,696,565
77$7,691,875$0$0$3,978,593
78$8,279,139$0$0$4,286,394
79$8,920,089$0$0$4,622,503
80$9,620,005$0$0$4,989,711
81$10,384,700$0$0$5,391,089
82$11,220,572$0$0$5,830,019
83$12,134,667$0$0$6,310,224
84$13,134,742$0$0$6,835,805
85$14,229,339$0$0$7,411,277
86$15,427,862$0$0$8,041,610
87$16,740,669$0$0$8,732,280
88$18,179,166$0$0$9,489,318
89$19,755,914$0$0$10,319,363
90$21,484,749$0$0$11,229,729
91$23,380,908$0$0$12,228,474
92$25,461,174$0$0$13,324,470
93$27,744,032$0$0$14,527,491
94$30,249,844$0$0$15,848,304
95$33,001,041$0$0$17,298,768
96$36,022,331$0$0$18,891,949
97$39,340,930$0$0$20,642,239
98$42,986,822$0$0$22,565,493
99$46,993,038$0$0$24,679,178
100$51,395,968$0$0$27,002,536