Can I retire at age 40 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$76,633$75,951$75,285$74,635$74,000$72,684
2 years$37,937$37,231$36,546$35,882$35,238$33,917
3 years$25,040$24,331$23,648$22,990$22,357$21,071
4 years$18,593$17,886$17,209$16,563$15,945$14,705
5 years$14,726$14,023$13,355$12,722$12,121$10,931
6 years$12,148$11,450$10,793$10,174$9,591$8,451
7 years$10,308$9,616$8,969$8,364$7,800$6,711
8 years$8,929$8,243$7,606$7,017$6,471$5,433
9 years$7,856$7,177$6,551$5,977$5,449$4,461
10 years$6,999$6,326$5,712$5,152$4,643$3,704
11 years$6,298$5,632$5,028$4,484$3,993$3,102
12 years$5,714$5,055$4,463$3,933$3,460$2,617
13 years$5,220$4,568$3,987$3,472$3,018$2,219
14 years$4,797$4,152$3,582$3,082$2,645$1,891
15 years$4,431$3,793$3,234$2,749$2,329$1,618
16 years$4,111$3,480$2,933$2,461$2,058$1,388
17 years$3,829$3,205$2,668$2,211$1,825$1,195
18 years$3,579$2,962$2,436$1,993$1,623$1,030
19 years$3,355$2,745$2,230$1,801$1,446$890
20 years$3,154$2,551$2,047$1,631$1,292$771
21 years$2,972$2,376$1,882$1,480$1,156$668
22 years$2,807$2,218$1,735$1,346$1,036$580
23 years$2,657$2,074$1,602$1,226$930$504
24 years$2,519$1,943$1,482$1,118$836$438
25 years$2,393$1,824$1,372$1,021$752$381
26 years$2,276$1,714$1,273$933$678$332
27 years$2,168$1,613$1,182$854$611$289
28 years$2,068$1,520$1,099$783$551$252
29 years$1,975$1,434$1,022$718$498$220
30 years$1,889$1,354$952$659$450$192
31 years$1,808$1,280$888$605$407$168
32 years$1,733$1,211$828$556$368$146
33 years$1,662$1,147$773$511$333$128
34 years$1,595$1,087$723$471$301$112
35 years$1,533$1,031$676$433$273$98
36 years$1,474$979$632$399$247$85
37 years$1,418$930$592$368$224$75
38 years$1,366$883$554$339$203$65
39 years$1,316$840$519$312$184$57
40 years$1,269$799$486$288$167$50
41 years$1,224$761$456$266$152$44
42 years$1,181$725$428$245$138$38
43 years$1,141$690$402$226$125$33
44 years$1,103$658$377$209$113$29
45 years$1,066$628$354$193$103$25
46 years$1,031$599$332$178$93$22
47 years$998$571$312$165$85$19
48 years$966$545$293$152$77$17
49 years$935$521$276$141$70$15
50 years$906$497$259$130$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $928,000, adding $2,725 every year, while hoping to spend $36,439 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: 66/29/5 Blend
39$928,000$928,000$928,000$928,000
40$1,025,467$976,283$961,899$1,092,310
41$1,091,294$985,350$955,352$1,146,067
42$1,162,613$993,640$947,364$1,200,150
43$1,239,948$1,001,076$937,849$1,258,272
44$1,323,872$1,007,578$926,715$1,320,822
45$1,415,015$1,013,058$913,869$1,388,227
46$1,514,072$1,017,423$899,209$1,460,959
47$1,621,807$1,020,577$882,632$1,539,538
48$1,739,060$1,022,413$864,029$1,624,538
49$1,866,755$1,022,823$843,285$1,716,593
50$2,005,910$1,021,687$820,281$1,816,399
51$2,157,645$1,018,881$794,892$1,924,727
52$2,323,191$1,014,273$766,987$2,042,426
53$2,503,904$1,007,720$736,429$2,170,434
54$2,701,279$999,075$703,076$2,309,782
55$2,916,958$988,178$666,778$2,461,611
56$3,152,751$974,862$627,378$2,627,178
57$3,410,650$958,949$584,714$2,807,870
58$3,692,849$940,250$538,614$3,005,215
59$4,001,763$918,566$488,901$3,220,901
60$4,340,052$893,685$435,389$3,456,789
61$4,710,645$865,383$377,882$3,714,930
62$5,116,768$833,423$316,178$3,997,589
63$5,561,972$797,555$250,064$4,307,262
64$6,050,172$757,513$179,319$4,646,704
65$6,585,675$713,017$103,712$5,018,950
66$7,173,228$663,770$23,001$5,427,351
67$7,818,061$609,458$0$5,875,601
68$8,525,931$549,749$0$6,371,143
69$9,303,182$484,292$0$6,916,630
70$10,156,802$412,718$0$7,515,803
71$11,094,489$334,635$0$8,174,143
72$12,124,724$249,629$0$8,897,691
73$13,256,848$157,264$0$9,693,110
74$14,501,155$57,078$0$10,567,745
75$15,868,982$0$0$11,529,696
76$17,372,822$0$0$12,604,298
77$19,026,437$0$0$13,806,020
78$20,844,992$0$0$15,127,673
79$22,845,191$0$0$16,581,409
80$25,045,442$0$0$18,180,613
81$27,466,024$0$0$19,940,035
82$30,129,284$0$0$21,875,926
83$33,059,840$0$0$24,006,191
84$36,284,821$0$0$26,350,558
85$39,834,114$0$0$28,930,767
86$43,740,656$0$0$31,770,769
87$48,040,734$0$0$34,896,957
88$52,774,333$0$0$38,338,412
89$57,985,513$0$0$42,127,176
90$63,722,822$0$0$46,298,560
91$70,039,754$0$0$50,891,469
92$76,995,254$0$0$55,948,773
93$84,654,277$0$0$61,517,714
94$93,088,393$0$0$67,650,345
95$102,376,470$0$0$74,404,026
96$112,605,411$0$0$81,841,962
97$123,870,981$0$0$90,033,803
98$136,278,704$0$0$99,056,296
99$149,944,859$0$0$108,994,014
100$164,997,584$0$0$119,940,149