Can I retire at age 40 with 930,000?

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 $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%19.7%
1 years$76,799$76,114$75,447$74,796$74,160$71,273
2 years$38,019$37,311$36,625$35,959$35,314$32,441
3 years$25,094$24,383$23,699$23,040$22,405$19,636
4 years$18,633$17,924$17,247$16,599$15,979$13,335
5 years$14,757$14,053$13,384$12,749$12,147$9,634
6 years$12,175$11,475$10,816$10,196$9,612$7,232
7 years$10,330$9,637$8,988$8,383$7,817$5,570
8 years$8,948$8,261$7,623$7,032$6,485$4,368
9 years$7,873$7,192$6,566$5,990$5,461$3,471
10 years$7,014$6,340$5,724$5,163$4,653$2,787
11 years$6,311$5,644$5,039$4,493$4,002$2,254
12 years$5,726$5,066$4,472$3,941$3,468$1,835
13 years$5,231$4,578$3,996$3,480$3,024$1,501
14 years$4,808$4,161$3,590$3,089$2,651$1,232
15 years$4,441$3,801$3,241$2,755$2,334$1,015
16 years$4,120$3,488$2,939$2,467$2,063$838
17 years$3,838$3,212$2,674$2,216$1,829$693
18 years$3,587$2,968$2,441$1,997$1,626$574
19 years$3,362$2,751$2,235$1,805$1,450$477
20 years$3,161$2,556$2,051$1,634$1,295$396
21 years$2,979$2,381$1,887$1,483$1,159$329
22 years$2,813$2,222$1,739$1,349$1,039$274
23 years$2,662$2,079$1,605$1,228$932$228
24 years$2,524$1,948$1,485$1,120$838$190
25 years$2,398$1,828$1,375$1,023$754$158
26 years$2,281$1,718$1,275$935$679$132
27 years$2,173$1,617$1,184$856$612$110
28 years$2,073$1,523$1,101$785$553$92
29 years$1,980$1,437$1,025$719$499$77
30 years$1,893$1,357$954$660$451$64
31 years$1,812$1,283$890$606$408$53
32 years$1,736$1,214$830$557$369$45
33 years$1,665$1,150$775$512$334$37
34 years$1,599$1,090$724$472$302$31
35 years$1,536$1,033$677$434$274$26
36 years$1,477$981$633$400$248$22
37 years$1,421$932$593$368$225$18
38 years$1,369$885$555$339$204$15
39 years$1,319$842$520$313$185$13
40 years$1,271$801$488$289$168$11
41 years$1,227$762$457$266$152$9
42 years$1,184$726$429$246$138$7
43 years$1,144$692$402$227$125$6
44 years$1,105$659$378$210$114$5
45 years$1,068$629$355$194$103$4
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 $5,303 every year, while hoping to spend $40,283 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: 67/12/21 Blend
39$930,000$930,000$930,000$930,000
40$1,030,330$981,040$966,625$1,093,574
41$1,092,563$986,250$956,146$1,141,832
42$1,159,793$990,366$943,966$1,189,455
43$1,232,489$993,290$929,985$1,240,576
44$1,311,163$994,921$914,100$1,295,538
45$1,396,379$995,150$896,200$1,354,722
46$1,488,760$993,862$876,173$1,418,545
47$1,588,986$990,935$853,898$1,487,472
48$1,697,810$986,238$829,250$1,562,012
49$1,816,056$979,633$802,100$1,642,730
50$1,944,633$970,974$772,309$1,730,248
51$2,084,540$960,106$739,736$1,825,255
52$2,236,876$946,864$704,230$1,928,507
53$2,402,851$931,075$665,636$2,040,844
54$2,583,798$912,553$623,790$2,163,190
55$2,781,180$891,103$578,522$2,296,564
56$2,996,611$866,517$529,653$2,442,094
57$3,231,866$838,577$476,997$2,601,021
58$3,488,899$807,051$420,360$2,774,719
59$3,769,863$771,692$359,538$2,964,700
60$4,077,125$732,241$294,318$3,172,635
61$4,413,294$688,424$224,481$3,400,366
62$4,781,242$639,948$149,793$3,649,929
63$5,184,131$586,508$70,013$3,923,567
64$5,625,444$527,778$0$4,223,755
65$6,109,016$463,416$0$4,556,615
66$6,639,069$393,057$0$4,938,732
67$7,220,257$316,319$0$5,357,788
68$7,857,701$232,797$0$5,817,515
69$8,557,046$142,064$0$6,322,024
70$9,324,507$43,667$0$6,875,847
71$10,166,929$0$0$7,483,980
72$11,091,856$0$0$8,160,229
73$12,107,594$0$0$8,909,265
74$13,223,295$0$0$9,732,078
75$14,449,040$0$0$10,636,112
76$15,795,936$0$0$11,629,565
77$17,276,217$0$0$12,721,470
78$18,903,364$0$0$13,921,778
79$20,692,226$0$0$15,241,454
80$22,659,165$0$0$16,692,576
81$24,822,206$0$0$18,288,452
82$27,201,210$0$0$20,043,743
83$29,818,056$0$0$21,974,606
84$32,696,854$0$0$24,098,838
85$35,864,166$0$0$26,436,051
86$39,349,260$0$0$29,007,852
87$43,184,381$0$0$31,838,049
88$47,405,063$0$0$34,952,876
89$52,050,454$0$0$38,381,236
90$57,163,692$0$0$42,154,979
91$62,792,309$0$0$46,309,197
92$68,988,680$0$0$50,882,560
93$75,810,514$0$0$55,917,675
94$83,321,403$0$0$61,461,493
95$91,591,416$0$0$67,565,746
96$100,697,764$0$0$74,287,442
97$110,725,527$0$0$81,689,395
98$121,768,454$0$0$89,840,824
99$133,929,851$0$0$98,818,000
100$147,323,552$0$0$108,704,970