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%15%
1 years$76,799$76,114$75,447$74,796$74,160$72,632
2 years$38,019$37,311$36,625$35,959$35,314$33,783
3 years$25,094$24,383$23,699$23,040$22,405$20,916
4 years$18,633$17,924$17,247$16,599$15,979$14,546
5 years$14,757$14,053$13,384$12,749$12,147$10,773
6 years$12,175$11,475$10,816$10,196$9,612$8,297
7 years$10,330$9,637$8,988$8,383$7,817$6,563
8 years$8,948$8,261$7,623$7,032$6,485$5,291
9 years$7,873$7,192$6,566$5,990$5,461$4,327
10 years$7,014$6,340$5,724$5,163$4,653$3,577
11 years$6,311$5,644$5,039$4,493$4,002$2,983
12 years$5,726$5,066$4,472$3,941$3,468$2,504
13 years$5,231$4,578$3,996$3,480$3,024$2,114
14 years$4,808$4,161$3,590$3,089$2,651$1,793
15 years$4,441$3,801$3,241$2,755$2,334$1,527
16 years$4,120$3,488$2,939$2,467$2,063$1,304
17 years$3,838$3,212$2,674$2,216$1,829$1,116
18 years$3,587$2,968$2,441$1,997$1,626$958
19 years$3,362$2,751$2,235$1,805$1,450$823
20 years$3,161$2,556$2,051$1,634$1,295$709
21 years$2,979$2,381$1,887$1,483$1,159$611
22 years$2,813$2,222$1,739$1,349$1,039$528
23 years$2,662$2,079$1,605$1,228$932$456
24 years$2,524$1,948$1,485$1,120$838$394
25 years$2,398$1,828$1,375$1,023$754$341
26 years$2,281$1,718$1,275$935$679$296
27 years$2,173$1,617$1,184$856$612$256
28 years$2,073$1,523$1,101$785$553$222
29 years$1,980$1,437$1,025$719$499$193
30 years$1,893$1,357$954$660$451$167
31 years$1,812$1,283$890$606$408$145
32 years$1,736$1,214$830$557$369$126
33 years$1,665$1,150$775$512$334$109
34 years$1,599$1,090$724$472$302$95
35 years$1,536$1,033$677$434$274$82
36 years$1,477$981$633$400$248$72
37 years$1,421$932$593$368$225$62
38 years$1,369$885$555$339$204$54
39 years$1,319$842$520$313$185$47
40 years$1,271$801$488$289$168$41
41 years$1,227$762$457$266$152$35
42 years$1,184$726$429$246$138$31
43 years$1,144$692$402$227$125$27
44 years$1,105$659$378$210$114$23
45 years$1,068$629$355$194$103$20
46 years$1,033$600$333$179$94$18
47 years$1,000$573$313$165$85$15
48 years$968$547$294$153$77$13
49 years$937$522$276$141$70$12
50 years$908$499$260$130$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $930,000, adding $5,221 every year, while hoping to spend $59,177 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: 68/24/8 Blend
39$930,000$930,000$930,000$930,000
40$1,030,245$980,955$966,540$1,098,452
41$1,072,367$966,058$935,956$1,129,465
42$1,116,801$948,448$902,363$1,155,717
43$1,163,721$927,929$865,599$1,182,843
44$1,213,318$904,294$825,493$1,210,919
45$1,265,796$877,324$781,867$1,240,030
46$1,321,382$846,788$734,534$1,270,271
47$1,380,321$812,439$683,300$1,301,748
48$1,442,883$774,018$627,960$1,334,581
49$1,509,363$731,250$568,302$1,368,905
50$1,580,081$683,845$504,103$1,404,869
51$1,655,391$631,495$435,132$1,442,640
52$1,735,678$573,875$361,146$1,482,407
53$1,821,364$510,642$281,891$1,524,378
54$1,912,912$441,433$197,104$1,568,788
55$2,010,831$365,864$106,508$1,615,897
56$2,115,675$283,531$9,816$1,665,997
57$2,228,055$194,005$0$1,719,413
58$2,348,640$96,835$0$1,784,476
59$2,478,165$0$0$1,855,032
60$2,617,435$0$0$1,932,953
61$2,767,335$0$0$2,044,386
62$2,928,837$0$0$2,164,485
63$3,103,008$0$0$2,294,048
64$3,291,021$0$0$2,433,953
65$3,494,163$0$0$2,585,166
66$3,713,851$0$0$2,748,744
67$3,951,640$0$0$2,925,855
68$4,209,242$0$0$3,117,778
69$4,488,536$0$0$3,325,922
70$4,791,593$0$0$3,551,835
71$5,120,685$0$0$3,797,222
72$5,478,316$0$0$4,063,956
73$5,867,238$0$0$4,354,099
74$6,290,480$0$0$4,669,918
75$6,751,372$0$0$5,013,909
76$7,253,583$0$0$5,388,818
77$7,801,146$0$0$5,797,669
78$8,398,504$0$0$6,243,786
79$9,050,543$0$0$6,730,832
80$9,762,646$0$0$7,262,838
81$10,540,735$0$0$7,844,240
82$11,391,331$0$0$8,479,924
83$12,321,614$0$0$9,175,269
84$13,339,490$0$0$9,936,195
85$14,453,663$0$0$10,769,226
86$15,673,719$0$0$11,681,540
87$17,010,212$0$0$12,681,048
88$18,474,767$0$0$13,776,457
89$20,080,187$0$0$14,977,358
90$21,840,570$0$0$16,294,317
91$23,771,447$0$0$17,738,967
92$25,889,923$0$0$19,324,124
93$28,214,837$0$0$21,063,904
94$30,766,944$0$0$22,973,857
95$33,569,102$0$0$25,071,109
96$36,646,494$0$0$27,374,531
97$40,026,860$0$0$29,904,905
98$43,740,760$0$0$32,685,130
99$47,821,860$0$0$35,740,431
100$52,307,247$0$0$39,098,597