Can I retire at age 40 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$76,799$76,114$75,447$74,796$74,160$71,386
2 years$38,019$37,311$36,625$35,959$35,314$32,552
3 years$25,094$24,383$23,699$23,040$22,405$19,740
4 years$18,633$17,924$17,247$16,599$15,979$13,433
5 years$14,757$14,053$13,384$12,749$12,147$9,726
6 years$12,175$11,475$10,816$10,196$9,612$7,317
7 years$10,330$9,637$8,988$8,383$7,817$5,648
8 years$8,948$8,261$7,623$7,032$6,485$4,440
9 years$7,873$7,192$6,566$5,990$5,461$3,537
10 years$7,014$6,340$5,724$5,163$4,653$2,847
11 years$6,311$5,644$5,039$4,493$4,002$2,309
12 years$5,726$5,066$4,472$3,941$3,468$1,884
13 years$5,231$4,578$3,996$3,480$3,024$1,545
14 years$4,808$4,161$3,590$3,089$2,651$1,272
15 years$4,441$3,801$3,241$2,755$2,334$1,051
16 years$4,120$3,488$2,939$2,467$2,063$870
17 years$3,838$3,212$2,674$2,216$1,829$722
18 years$3,587$2,968$2,441$1,997$1,626$600
19 years$3,362$2,751$2,235$1,805$1,450$499
20 years$3,161$2,556$2,051$1,634$1,295$416
21 years$2,979$2,381$1,887$1,483$1,159$347
22 years$2,813$2,222$1,739$1,349$1,039$290
23 years$2,662$2,079$1,605$1,228$932$242
24 years$2,524$1,948$1,485$1,120$838$202
25 years$2,398$1,828$1,375$1,023$754$169
26 years$2,281$1,718$1,275$935$679$142
27 years$2,173$1,617$1,184$856$612$118
28 years$2,073$1,523$1,101$785$553$99
29 years$1,980$1,437$1,025$719$499$83
30 years$1,893$1,357$954$660$451$70
31 years$1,812$1,283$890$606$408$58
32 years$1,736$1,214$830$557$369$49
33 years$1,665$1,150$775$512$334$41
34 years$1,599$1,090$724$472$302$34
35 years$1,536$1,033$677$434$274$29
36 years$1,477$981$633$400$248$24
37 years$1,421$932$593$368$225$20
38 years$1,369$885$555$339$204$17
39 years$1,319$842$520$313$185$14
40 years$1,271$801$488$289$168$12
41 years$1,227$762$457$266$152$10
42 years$1,184$726$429$246$138$8
43 years$1,144$692$402$227$125$7
44 years$1,105$659$378$210$114$6
45 years$1,068$629$355$194$103$5
46 years$1,033$600$333$179$94$4
47 years$1,000$573$313$165$85$3
48 years$968$547$294$153$77$3
49 years$937$522$276$141$70$2
50 years$908$499$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 $930,000, adding $6,205 every year, while hoping to spend $54,596 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: 69/19/12 Blend
39$930,000$930,000$930,000$930,000
40$1,031,260$981,970$967,555$1,099,327
41$1,078,359$971,997$941,879$1,135,366
42$1,128,432$959,706$913,512$1,167,626
43$1,181,725$944,924$882,308$1,201,491
44$1,238,508$927,472$848,111$1,237,110
45$1,299,073$907,155$810,761$1,274,650
46$1,363,745$883,772$770,088$1,314,294
47$1,432,876$857,107$725,915$1,356,246
48$1,506,855$826,930$678,059$1,400,733
49$1,586,107$793,002$626,326$1,448,006
50$1,671,096$755,066$570,514$1,498,344
51$1,762,336$712,852$510,415$1,552,056
52$1,860,387$666,075$445,806$1,609,485
53$1,965,865$614,431$376,460$1,671,011
54$2,079,448$557,602$302,135$1,737,054
55$2,201,877$495,250$222,582$1,808,083
56$2,333,969$427,019$137,540$1,884,613
57$2,476,621$352,530$46,734$1,967,219
58$2,630,818$271,385$0$2,056,534
59$2,797,643$183,164$0$2,159,686
60$2,978,286$87,423$0$2,277,833
61$3,174,057$0$0$2,405,885
62$3,386,393$0$0$2,548,248
63$3,616,878$0$0$2,722,663
64$3,867,252$0$0$2,912,175
65$4,139,430$0$0$3,118,239
66$4,435,519$0$0$3,342,456
67$4,757,835$0$0$3,586,586
68$5,108,929$0$0$3,852,569
69$5,491,608$0$0$4,142,537
70$5,908,959$0$0$4,458,838
71$6,364,381$0$0$4,804,054
72$6,861,618$0$0$5,181,031
73$7,404,786$0$0$5,592,899
74$7,998,421$0$0$6,043,104
75$8,647,515$0$0$6,535,442
76$9,357,564$0$0$7,074,090
77$10,134,620$0$0$7,663,650
78$10,985,347$0$0$8,309,187
79$11,917,084$0$0$9,016,279
80$12,937,911$0$0$9,791,071
81$14,056,730$0$0$10,640,329
82$15,283,341$0$0$11,571,503
83$16,628,540$0$0$12,592,802
84$18,104,219$0$0$13,713,266
85$19,723,473$0$0$14,942,850
86$21,500,728$0$0$16,292,523
87$23,451,875$0$0$17,774,367
88$25,594,419$0$0$19,401,688
89$27,947,642$0$0$21,189,148
90$30,532,785$0$0$23,152,896
91$33,373,248$0$0$25,310,723
92$36,494,812$0$0$27,682,231
93$39,925,876$0$0$30,289,011
94$43,697,730$0$0$33,154,853
95$47,844,844$0$0$36,305,967
96$52,405,197$0$0$39,771,228
97$57,420,631$0$0$43,582,450
98$62,937,249$0$0$47,774,686
99$69,005,842$0$0$52,386,554
100$75,682,375$0$0$57,460,607