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%12.6%
1 years$76,716$76,033$75,366$74,715$74,080$73,276
2 years$37,978$37,271$36,585$35,921$35,276$34,466
3 years$25,067$24,357$23,673$23,015$22,381$21,591
4 years$18,613$17,905$17,228$16,581$15,962$15,198
5 years$14,742$14,038$13,370$12,736$12,134$11,398
6 years$12,161$11,463$10,805$10,185$9,601$8,894
7 years$10,319$9,626$8,979$8,374$7,808$7,130
8 years$8,938$8,252$7,615$7,024$6,478$5,828
9 years$7,865$7,185$6,559$5,983$5,455$4,835
10 years$7,006$6,333$5,718$5,158$4,648$4,056
11 years$6,304$5,638$5,034$4,489$3,998$3,433
12 years$5,720$5,060$4,467$3,937$3,464$2,927
13 years$5,226$4,573$3,991$3,476$3,021$2,511
14 years$4,803$4,157$3,586$3,086$2,648$2,164
15 years$4,436$3,797$3,238$2,752$2,332$1,873
16 years$4,116$3,484$2,936$2,464$2,061$1,626
17 years$3,833$3,208$2,671$2,214$1,827$1,416
18 years$3,583$2,965$2,439$1,995$1,625$1,237
19 years$3,359$2,748$2,232$1,803$1,448$1,082
20 years$3,157$2,553$2,049$1,633$1,293$948
21 years$2,975$2,378$1,884$1,482$1,157$833
22 years$2,810$2,220$1,737$1,347$1,037$732
23 years$2,660$2,076$1,604$1,227$931$645
24 years$2,522$1,945$1,483$1,119$837$568
25 years$2,395$1,826$1,374$1,022$753$501
26 years$2,278$1,716$1,274$934$678$442
27 years$2,171$1,615$1,183$855$612$391
28 years$2,071$1,522$1,100$784$552$345
29 years$1,978$1,435$1,023$719$498$305
30 years$1,891$1,356$953$660$450$270
31 years$1,810$1,282$889$606$407$239
32 years$1,735$1,213$829$557$368$212
33 years$1,664$1,148$774$512$333$188
34 years$1,597$1,088$723$471$302$166
35 years$1,534$1,032$676$434$273$147
36 years$1,475$980$633$399$248$131
37 years$1,420$931$592$368$224$116
38 years$1,367$884$555$339$203$103
39 years$1,317$841$520$313$185$91
40 years$1,270$800$487$288$167$81
41 years$1,225$762$457$266$152$72
42 years$1,183$725$428$246$138$64
43 years$1,142$691$402$227$125$56
44 years$1,104$659$377$209$114$50
45 years$1,067$628$354$193$103$44
46 years$1,032$599$333$179$94$39
47 years$999$572$313$165$85$35
48 years$967$546$294$152$77$31
49 years$936$521$276$141$70$28
50 years$907$498$260$130$64$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $929,000, adding $4,434 every year, while hoping to spend $33,107 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: 62/17/21 Blend
39$929,000$929,000$929,000$929,000
40$1,028,332$979,095$964,695$1,086,212
41$1,097,996$991,845$961,787$1,138,581
42$1,173,656$1,004,110$957,672$1,191,656
43$1,255,889$1,015,832$952,274$1,248,850
44$1,345,330$1,026,947$945,515$1,310,567
45$1,442,675$1,037,389$937,311$1,377,255
46$1,548,694$1,047,087$927,577$1,449,407
47$1,664,231$1,055,964$916,220$1,527,566
48$1,790,215$1,063,940$903,147$1,612,334
49$1,927,672$1,070,927$888,257$1,704,373
50$2,077,727$1,076,836$871,447$1,804,413
51$2,241,621$1,081,566$852,606$1,913,262
52$2,420,720$1,085,016$831,621$2,031,809
53$2,616,525$1,087,074$808,372$2,161,035
54$2,830,693$1,087,622$782,735$2,302,023
55$3,065,045$1,086,537$754,578$2,455,967
56$3,321,588$1,083,686$723,765$2,624,187
57$3,602,531$1,078,928$690,153$2,808,134
58$3,910,309$1,072,115$653,592$3,009,413
59$4,247,599$1,063,088$613,926$3,229,793
60$4,617,354$1,051,679$570,993$3,471,224
61$5,022,824$1,037,711$524,621$3,735,859
62$5,467,589$1,020,995$474,632$4,026,072
63$5,955,591$1,001,332$420,841$4,344,481
64$6,491,174$978,511$363,052$4,693,973
65$7,079,123$952,306$301,062$5,077,734
66$7,724,706$922,482$234,661$5,499,276
67$8,433,729$888,787$163,625$5,962,473
68$9,212,588$850,956$87,725$6,471,596
69$10,068,326$808,707$6,718$7,031,357
70$11,008,706$761,744$0$7,646,951
71$12,042,277$709,752$0$8,341,971
72$13,178,458$652,399$0$9,107,639
73$14,427,628$589,334$0$9,949,473
74$15,801,220$520,185$0$10,875,220
75$17,311,830$444,560$0$11,893,416
76$18,973,338$362,044$0$13,013,468
77$20,801,033$272,200$0$14,245,746
78$22,811,765$174,564$0$15,601,678
79$25,024,096$68,648$0$17,093,859
80$27,458,478$0$0$18,736,171
81$30,137,449$0$0$20,552,531
82$33,085,838$0$0$22,565,773
83$36,331,005$0$0$24,781,747
84$39,903,097$0$0$27,221,050
85$43,835,331$0$0$29,906,377
86$48,164,311$0$0$32,862,733
87$52,930,366$0$0$36,117,673
88$58,177,938$0$0$39,701,561
89$63,955,996$0$0$43,647,851
90$70,318,498$0$0$47,993,409
91$77,324,904$0$0$52,778,859
92$85,040,731$0$0$58,048,964
93$93,538,177$0$0$63,853,050
94$102,896,796$0$0$70,245,469
95$113,204,252$0$0$77,286,117
96$124,557,147$0$0$85,040,993
97$137,061,927$0$0$93,582,824
98$150,835,894$0$0$102,991,753
99$166,008,305$0$0$113,356,092
100$182,721,597$0$0$124,773,158