Can I retire at age 40 with 928,000?

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 $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%14.9%
1 years$76,633$75,951$75,285$74,635$74,000$72,506
2 years$37,937$37,231$36,546$35,882$35,238$33,739
3 years$25,040$24,331$23,648$22,990$22,357$20,900
4 years$18,593$17,886$17,209$16,563$15,945$14,542
5 years$14,726$14,023$13,355$12,722$12,121$10,775
6 years$12,148$11,450$10,793$10,174$9,591$8,304
7 years$10,308$9,616$8,969$8,364$7,800$6,572
8 years$8,929$8,243$7,606$7,017$6,471$5,301
9 years$7,856$7,177$6,551$5,977$5,449$4,338
10 years$6,999$6,326$5,712$5,152$4,643$3,589
11 years$6,298$5,632$5,028$4,484$3,993$2,994
12 years$5,714$5,055$4,463$3,933$3,460$2,516
13 years$5,220$4,568$3,987$3,472$3,018$2,125
14 years$4,797$4,152$3,582$3,082$2,645$1,804
15 years$4,431$3,793$3,234$2,749$2,329$1,536
16 years$4,111$3,480$2,933$2,461$2,058$1,313
17 years$3,829$3,205$2,668$2,211$1,825$1,125
18 years$3,579$2,962$2,436$1,993$1,623$966
19 years$3,355$2,745$2,230$1,801$1,446$831
20 years$3,154$2,551$2,047$1,631$1,292$716
21 years$2,972$2,376$1,882$1,480$1,156$618
22 years$2,807$2,218$1,735$1,346$1,036$534
23 years$2,657$2,074$1,602$1,226$930$462
24 years$2,519$1,943$1,482$1,118$836$400
25 years$2,393$1,824$1,372$1,021$752$346
26 years$2,276$1,714$1,273$933$678$300
27 years$2,168$1,613$1,182$854$611$260
28 years$2,068$1,520$1,099$783$551$226
29 years$1,975$1,434$1,022$718$498$196
30 years$1,889$1,354$952$659$450$170
31 years$1,808$1,280$888$605$407$148
32 years$1,733$1,211$828$556$368$128
33 years$1,662$1,147$773$511$333$112
34 years$1,595$1,087$723$471$301$97
35 years$1,533$1,031$676$433$273$84
36 years$1,474$979$632$399$247$73
37 years$1,418$930$592$368$224$64
38 years$1,366$883$554$339$203$55
39 years$1,316$840$519$312$184$48
40 years$1,269$799$486$288$167$42
41 years$1,224$761$456$266$152$36
42 years$1,181$725$428$245$138$32
43 years$1,141$690$402$226$125$28
44 years$1,103$658$377$209$113$24
45 years$1,066$628$354$193$103$21
46 years$1,031$599$332$178$93$18
47 years$998$571$312$165$85$16
48 years$966$545$293$152$77$14
49 years$935$521$276$141$70$12
50 years$906$497$259$130$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $928,000, adding $6,985 every year, while hoping to spend $43,024 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: 27/47/26 Blend
39$928,000$928,000$928,000$928,000
40$1,029,861$980,677$966,293$1,049,154
41$1,089,130$982,953$952,887$1,067,449
42$1,153,002$983,899$937,589$1,082,894
43$1,221,901$983,403$920,292$1,098,591
44$1,296,294$981,349$900,881$1,114,588
45$1,376,693$977,612$879,237$1,130,945
46$1,463,660$972,059$855,235$1,147,731
47$1,557,813$964,550$828,746$1,165,025
48$1,659,834$954,936$799,632$1,182,920
49$1,770,468$943,060$767,752$1,201,522
50$1,890,540$928,753$732,955$1,220,954
51$2,020,952$911,840$695,087$1,241,356
52$2,162,701$892,131$653,983$1,262,886
53$2,316,879$869,428$609,475$1,285,727
54$2,484,691$843,521$561,383$1,310,087
55$2,667,463$814,186$509,522$1,336,198
56$2,866,651$781,188$453,697$1,364,326
57$3,083,859$744,277$393,707$1,394,772
58$3,320,855$703,188$329,338$1,427,874
59$3,579,581$657,644$260,370$1,464,013
60$3,862,178$607,347$186,571$1,503,618
61$4,170,999$551,987$107,701$1,547,171
62$4,508,640$491,232$23,507$1,595,214
63$4,877,953$424,735$0$1,648,354
64$5,282,084$352,127$0$1,725,675
65$5,724,494$273,018$0$1,817,691
66$6,208,993$186,997$0$1,918,802
67$6,739,781$93,630$0$2,030,044
68$7,321,480$0$0$2,152,566
69$7,959,180$0$0$2,291,542
70$8,658,489$0$0$2,497,201
71$9,425,583$0$0$2,722,952
72$10,267,265$0$0$2,970,818
73$11,191,027$0$0$3,243,025
74$12,205,122$0$0$3,542,026
75$13,318,642$0$0$3,870,524
76$14,541,602$0$0$4,231,496
77$15,885,034$0$0$4,628,221
78$17,361,092$0$0$5,064,314
79$18,983,166$0$0$5,543,755
80$20,766,005$0$0$6,070,929
81$22,725,860$0$0$6,650,669
82$24,880,635$0$0$7,288,298
83$27,250,054$0$0$7,989,683
84$29,855,849$0$0$8,761,284
85$32,721,963$0$0$9,610,224
86$35,874,776$0$0$10,544,348
87$39,343,355$0$0$11,572,299
88$43,159,723$0$0$12,703,602
89$47,359,166$0$0$13,948,753
90$51,980,562$0$0$15,319,315
91$57,066,750$0$0$16,828,029
92$62,664,930$0$0$18,488,936
93$68,827,112$0$0$20,317,505
94$75,610,603$0$0$22,330,784
95$83,078,548$0$0$24,547,555
96$91,300,527$0$0$26,988,516
97$100,353,209$0$0$29,676,474
98$110,321,076$0$0$32,636,561
99$121,297,217$0$0$35,896,468
100$133,384,212$0$0$39,486,712