Can I retire at age 40 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$76,716$76,033$75,366$74,715$74,080$72,172
2 years$37,978$37,271$36,585$35,921$35,276$33,367
3 years$25,067$24,357$23,673$23,015$22,381$20,529
4 years$18,613$17,905$17,228$16,581$15,962$14,183
5 years$14,742$14,038$13,370$12,736$12,134$10,432
6 years$12,161$11,463$10,805$10,185$9,601$7,979
7 years$10,319$9,626$8,979$8,374$7,808$6,265
8 years$8,938$8,252$7,615$7,024$6,478$5,013
9 years$7,865$7,185$6,559$5,983$5,455$4,067
10 years$7,006$6,333$5,718$5,158$4,648$3,336
11 years$6,304$5,638$5,034$4,489$3,998$2,758
12 years$5,720$5,060$4,467$3,937$3,464$2,296
13 years$5,226$4,573$3,991$3,476$3,021$1,922
14 years$4,803$4,157$3,586$3,086$2,648$1,616
15 years$4,436$3,797$3,238$2,752$2,332$1,363
16 years$4,116$3,484$2,936$2,464$2,061$1,153
17 years$3,833$3,208$2,671$2,214$1,827$978
18 years$3,583$2,965$2,439$1,995$1,625$831
19 years$3,359$2,748$2,232$1,803$1,448$708
20 years$3,157$2,553$2,049$1,633$1,293$604
21 years$2,975$2,378$1,884$1,482$1,157$515
22 years$2,810$2,220$1,737$1,347$1,037$440
23 years$2,660$2,076$1,604$1,227$931$377
24 years$2,522$1,945$1,483$1,119$837$322
25 years$2,395$1,826$1,374$1,022$753$276
26 years$2,278$1,716$1,274$934$678$237
27 years$2,171$1,615$1,183$855$612$203
28 years$2,071$1,522$1,100$784$552$174
29 years$1,978$1,435$1,023$719$498$149
30 years$1,891$1,356$953$660$450$128
31 years$1,810$1,282$889$606$407$110
32 years$1,735$1,213$829$557$368$95
33 years$1,664$1,148$774$512$333$81
34 years$1,597$1,088$723$471$302$70
35 years$1,534$1,032$676$434$273$60
36 years$1,475$980$633$399$248$51
37 years$1,420$931$592$368$224$44
38 years$1,367$884$555$339$203$38
39 years$1,317$841$520$313$185$33
40 years$1,270$800$487$288$167$28
41 years$1,225$762$457$266$152$24
42 years$1,183$725$428$246$138$21
43 years$1,142$691$402$227$125$18
44 years$1,104$659$377$209$114$15
45 years$1,067$628$354$193$103$13
46 years$1,032$599$333$179$94$11
47 years$999$572$313$165$85$10
48 years$967$546$294$152$77$8
49 years$936$521$276$141$70$7
50 years$907$498$260$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $929,000, adding $6,766 every year, while hoping to spend $48,780 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: 52/41/7 Blend
39$929,000$929,000$929,000$929,000
40$1,030,737$981,500$967,101$1,082,225
41$1,083,971$977,692$947,597$1,114,125
42$1,140,999$972,063$925,805$1,142,931
43$1,202,158$964,471$901,597$1,173,088
44$1,267,816$954,768$874,838$1,204,735
45$1,338,377$942,794$845,388$1,238,024
46$1,414,284$928,384$813,101$1,273,128
47$1,496,024$911,358$777,823$1,310,238
48$1,584,133$891,529$739,395$1,349,567
49$1,679,197$868,696$697,647$1,391,356
50$1,781,862$842,650$652,406$1,435,871
51$1,892,839$813,166$603,488$1,483,408
52$2,012,905$780,008$550,701$1,534,299
53$2,142,919$742,926$493,847$1,588,914
54$2,283,821$701,654$432,716$1,647,663
55$2,436,650$655,914$367,090$1,711,004
56$2,602,542$605,408$296,742$1,779,446
57$2,782,753$549,824$221,435$1,853,556
58$2,978,660$488,831$140,919$1,933,964
59$3,191,779$422,080$54,935$2,021,370
60$3,423,779$349,201$0$2,116,551
61$3,676,496$269,803$0$2,223,121
62$3,951,951$183,475$0$2,343,848
63$4,252,366$89,782$0$2,475,711
64$4,580,188$0$0$2,619,914
65$4,938,112$0$0$2,783,088
66$5,329,103$0$0$3,005,672
67$5,756,425$0$0$3,249,029
68$6,223,672$0$0$3,515,217
69$6,734,801$0$0$3,806,502
70$7,294,169$0$0$4,125,378
71$7,906,574$0$0$4,474,595
72$8,577,299$0$0$4,857,177
73$9,312,161$0$0$5,276,457
74$10,117,569$0$0$5,736,105
75$11,000,579$0$0$6,240,162
76$11,968,963$0$0$6,793,081
77$13,031,281$0$0$7,399,766
78$14,196,963$0$0$8,065,616
79$15,476,394$0$0$8,796,582
80$16,881,013$0$0$9,599,217
81$18,423,424$0$0$10,480,740
82$20,117,508$0$0$11,449,104
83$21,978,558$0$0$12,513,071
84$24,023,420$0$0$13,682,291
85$26,270,655$0$0$14,967,397
86$28,740,708$0$0$16,380,104
87$31,456,105$0$0$17,933,317
88$34,441,664$0$0$19,641,255
89$37,724,727$0$0$21,519,582
90$41,335,417$0$0$23,585,559
91$45,306,925$0$0$25,858,201
92$49,675,819$0$0$28,358,461
93$54,482,389$0$0$31,109,423
94$59,771,027$0$0$34,136,523
95$65,590,647$0$0$37,467,786
96$71,995,142$0$0$41,134,092
97$79,043,894$0$0$45,169,466
98$86,802,335$0$0$49,611,398
99$95,342,558$0$0$54,501,199
100$104,744,006$0$0$59,884,387