Can I retire at age 40 with 929,000?

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 $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%11%
1 years$76,716$76,033$75,366$74,715$74,080$73,768
2 years$37,978$37,271$36,585$35,921$35,276$34,961
3 years$25,067$24,357$23,673$23,015$22,381$22,072
4 years$18,613$17,905$17,228$16,581$15,962$15,663
5 years$14,742$14,038$13,370$12,736$12,134$11,845
6 years$12,161$11,463$10,805$10,185$9,601$9,322
7 years$10,319$9,626$8,979$8,374$7,808$7,540
8 years$8,938$8,252$7,615$7,024$6,478$6,220
9 years$7,865$7,185$6,559$5,983$5,455$5,208
10 years$7,006$6,333$5,718$5,158$4,648$4,411
11 years$6,304$5,638$5,034$4,489$3,998$3,771
12 years$5,720$5,060$4,467$3,937$3,464$3,248
13 years$5,226$4,573$3,991$3,476$3,021$2,814
14 years$4,803$4,157$3,586$3,086$2,648$2,451
15 years$4,436$3,797$3,238$2,752$2,332$2,144
16 years$4,116$3,484$2,936$2,464$2,061$1,882
17 years$3,833$3,208$2,671$2,214$1,827$1,658
18 years$3,583$2,965$2,439$1,995$1,625$1,464
19 years$3,359$2,748$2,232$1,803$1,448$1,296
20 years$3,157$2,553$2,049$1,633$1,293$1,149
21 years$2,975$2,378$1,884$1,482$1,157$1,021
22 years$2,810$2,220$1,737$1,347$1,037$908
23 years$2,660$2,076$1,604$1,227$931$809
24 years$2,522$1,945$1,483$1,119$837$722
25 years$2,395$1,826$1,374$1,022$753$645
26 years$2,278$1,716$1,274$934$678$576
27 years$2,171$1,615$1,183$855$612$516
28 years$2,071$1,522$1,100$784$552$462
29 years$1,978$1,435$1,023$719$498$414
30 years$1,891$1,356$953$660$450$371
31 years$1,810$1,282$889$606$407$332
32 years$1,735$1,213$829$557$368$298
33 years$1,664$1,148$774$512$333$268
34 years$1,597$1,088$723$471$302$240
35 years$1,534$1,032$676$434$273$216
36 years$1,475$980$633$399$248$194
37 years$1,420$931$592$368$224$174
38 years$1,367$884$555$339$203$157
39 years$1,317$841$520$313$185$141
40 years$1,270$800$487$288$167$127
41 years$1,225$762$457$266$152$114
42 years$1,183$725$428$246$138$103
43 years$1,142$691$402$227$125$92
44 years$1,104$659$377$209$114$83
45 years$1,067$628$354$193$103$75
46 years$1,032$599$333$179$94$67
47 years$999$572$313$165$85$61
48 years$967$546$294$152$77$55
49 years$936$521$276$141$70$49
50 years$907$498$260$130$64$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $929,000, adding $2,318 every year, while hoping to spend $57,155 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: 48/24/28 Blend
39$929,000$929,000$929,000$929,000
40$1,026,149$976,912$962,513$1,067,103
41$1,070,004$963,968$933,944$1,083,206
42$1,116,416$948,475$902,503$1,094,891
43$1,165,586$930,246$868,033$1,106,474
44$1,217,734$909,086$830,370$1,117,975
45$1,273,098$884,786$789,343$1,129,418
46$1,331,941$857,128$744,773$1,140,835
47$1,394,549$825,877$696,473$1,152,264
48$1,461,236$790,787$644,247$1,163,753
49$1,532,344$751,598$587,892$1,175,359
50$1,608,251$708,034$527,193$1,187,150
51$1,689,368$659,803$461,930$1,199,206
52$1,776,146$606,596$391,867$1,211,622
53$1,869,082$548,088$316,763$1,224,506
54$1,968,717$483,934$236,364$1,237,987
55$2,075,649$413,769$150,405$1,252,210
56$2,190,530$337,209$58,608$1,267,347
57$2,314,079$253,847$0$1,283,589
58$2,447,084$163,254$0$1,312,918
59$2,590,409$64,977$0$1,363,277
60$2,745,007$0$0$1,417,521
61$2,911,919$0$0$1,487,025
62$3,092,295$0$0$1,580,759
63$3,287,396$0$0$1,682,228
64$3,498,606$0$0$1,792,165
65$3,727,451$0$0$1,911,373
66$3,975,606$0$0$2,040,738
67$4,244,912$0$0$2,181,231
68$4,537,398$0$0$2,333,923
69$4,855,292$0$0$2,499,992
70$5,201,046$0$0$2,680,731
71$5,577,357$0$0$2,877,567
72$5,987,196$0$0$3,092,067
73$6,433,828$0$0$3,325,958
74$6,920,848$0$0$3,581,138
75$7,452,214$0$0$3,859,698
76$8,032,281$0$0$4,163,940
77$8,665,842$0$0$4,496,397
78$9,358,176$0$0$4,859,858
79$10,115,093$0$0$5,257,394
80$10,942,991$0$0$5,692,387
81$11,848,914$0$0$6,168,559
82$12,840,617$0$0$6,690,011
83$13,926,642$0$0$7,261,257
84$15,116,395$0$0$7,887,269
85$16,420,233$0$0$8,573,523
86$17,849,565$0$0$9,326,051
87$19,416,955$0$0$10,151,494
88$21,136,240$0$0$11,057,169
89$23,022,663$0$0$12,051,135
90$25,093,013$0$0$13,142,269
91$27,365,782$0$0$14,340,349
92$29,861,343$0$0$15,656,146
93$32,602,135$0$0$17,101,527
94$35,612,878$0$0$18,689,563
95$38,920,804$0$0$20,434,655
96$42,555,915$0$0$22,352,667
97$46,551,260$0$0$24,461,077
98$50,943,251$0$0$26,779,140
99$55,772,005$0$0$29,328,072
100$61,081,716$0$0$32,131,244