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%19.6%
1 years$76,716$76,033$75,366$74,715$74,080$71,225
2 years$37,978$37,271$36,585$35,921$35,276$32,434
3 years$25,067$24,357$23,673$23,015$22,381$19,641
4 years$18,613$17,905$17,228$16,581$15,962$13,345
5 years$14,742$14,038$13,370$12,736$12,134$9,647
6 years$12,161$11,463$10,805$10,185$9,601$7,245
7 years$10,319$9,626$8,979$8,374$7,808$5,583
8 years$8,938$8,252$7,615$7,024$6,478$4,381
9 years$7,865$7,185$6,559$5,983$5,455$3,484
10 years$7,006$6,333$5,718$5,158$4,648$2,799
11 years$6,304$5,638$5,034$4,489$3,998$2,265
12 years$5,720$5,060$4,467$3,937$3,464$1,845
13 years$5,226$4,573$3,991$3,476$3,021$1,510
14 years$4,803$4,157$3,586$3,086$2,648$1,241
15 years$4,436$3,797$3,238$2,752$2,332$1,022
16 years$4,116$3,484$2,936$2,464$2,061$845
17 years$3,833$3,208$2,671$2,214$1,827$699
18 years$3,583$2,965$2,439$1,995$1,625$580
19 years$3,359$2,748$2,232$1,803$1,448$482
20 years$3,157$2,553$2,049$1,633$1,293$400
21 years$2,975$2,378$1,884$1,482$1,157$333
22 years$2,810$2,220$1,737$1,347$1,037$278
23 years$2,660$2,076$1,604$1,227$931$231
24 years$2,522$1,945$1,483$1,119$837$193
25 years$2,395$1,826$1,374$1,022$753$161
26 years$2,278$1,716$1,274$934$678$134
27 years$2,171$1,615$1,183$855$612$112
28 years$2,071$1,522$1,100$784$552$94
29 years$1,978$1,435$1,023$719$498$78
30 years$1,891$1,356$953$660$450$65
31 years$1,810$1,282$889$606$407$55
32 years$1,735$1,213$829$557$368$46
33 years$1,664$1,148$774$512$333$38
34 years$1,597$1,088$723$471$302$32
35 years$1,534$1,032$676$434$273$27
36 years$1,475$980$633$399$248$22
37 years$1,420$931$592$368$224$19
38 years$1,367$884$555$339$203$16
39 years$1,317$841$520$313$185$13
40 years$1,270$800$487$288$167$11
41 years$1,225$762$457$266$152$9
42 years$1,183$725$428$246$138$8
43 years$1,142$691$402$227$125$6
44 years$1,104$659$377$209$114$5
45 years$1,067$628$354$193$103$4
46 years$1,032$599$333$179$94$4
47 years$999$572$313$165$85$3
48 years$967$546$294$152$77$3
49 years$936$521$276$141$70$2
50 years$907$498$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $929,000, adding $6,759 every year, while hoping to spend $23,991 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: 47/37/16 Blend
39$929,000$929,000$929,000$929,000
40$1,030,730$981,493$967,093$1,074,224
41$1,110,338$1,004,060$973,965$1,127,672
42$1,197,262$1,026,928$980,262$1,182,669
43$1,292,223$1,050,088$985,941$1,241,840
44$1,396,015$1,073,527$990,955$1,305,586
45$1,509,511$1,097,232$995,254$1,374,344
46$1,633,673$1,121,189$998,787$1,448,600
47$1,769,560$1,145,380$1,001,500$1,528,887
48$1,918,340$1,169,788$1,003,335$1,615,792
49$2,081,296$1,194,393$1,004,232$1,709,963
50$2,259,843$1,219,174$1,004,129$1,812,114
51$2,455,539$1,244,105$1,002,959$1,923,032
52$2,670,100$1,269,162$1,000,653$2,043,584
53$2,905,415$1,294,315$997,140$2,174,726
54$3,163,565$1,319,535$992,342$2,317,510
55$3,446,843$1,344,786$986,180$2,473,099
56$3,757,774$1,370,034$978,570$2,642,773
57$4,099,140$1,395,239$969,425$2,827,942
58$4,474,005$1,420,358$958,653$3,030,162
59$4,885,743$1,445,345$946,158$3,251,147
60$5,338,074$1,470,152$931,839$3,492,788
61$5,835,093$1,494,724$915,591$3,757,168
62$6,381,312$1,519,006$897,303$4,046,584
63$6,981,704$1,542,935$876,861$4,363,568
64$7,641,745$1,566,446$854,143$4,710,912
65$8,367,469$1,589,468$829,023$5,091,692
66$9,165,524$1,611,925$801,368$5,509,301
67$10,043,235$1,633,737$771,042$5,967,479
68$11,008,671$1,654,817$737,898$6,470,347
69$12,070,725$1,675,072$701,787$7,022,450
70$13,239,192$1,694,403$662,550$7,628,797
71$14,524,865$1,712,705$620,021$8,294,911
72$15,939,639$1,729,865$574,029$9,026,880
73$17,496,617$1,745,763$524,394$9,831,413
74$19,210,237$1,760,270$470,926$10,715,910
75$21,096,408$1,773,251$413,430$11,688,524
76$23,172,662$1,784,560$351,699$12,758,245
77$25,458,312$1,794,042$285,520$13,934,982
78$27,974,642$1,801,533$214,667$15,229,657
79$30,745,106$1,806,858$138,908$16,654,311
80$33,795,543$1,809,831$57,999$18,222,216
81$37,154,430$1,810,254$0$19,948,001
82$40,853,144$1,807,918$0$21,852,633
83$44,926,258$1,802,600$0$23,959,929
84$49,411,872$1,794,063$0$26,279,616
85$54,351,967$1,782,056$0$28,833,343
86$59,792,805$1,766,314$0$31,644,964
87$65,785,362$1,746,554$0$34,740,775
88$72,385,811$1,722,477$0$38,149,752
89$79,656,051$1,693,767$0$41,903,832
90$87,664,293$1,660,086$0$46,038,214
91$96,485,700$1,621,079$0$50,591,689
92$106,203,100$1,576,370$0$55,607,010
93$116,907,764$1,525,560$0$61,131,295
94$128,700,270$1,468,227$0$67,216,474
95$141,691,451$1,403,924$0$73,919,778
96$156,003,441$1,332,178$0$81,304,280
97$171,770,827$1,252,489$0$89,439,494
98$189,141,920$1,164,330$0$98,402,032
99$208,280,153$1,067,140$0$108,276,324
100$229,365,629$960,329$0$119,155,422