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%12.2%
1 years$76,799$76,114$75,447$74,796$74,160$73,477
2 years$38,019$37,311$36,625$35,959$35,314$34,626
3 years$25,094$24,383$23,699$23,040$22,405$21,733
4 years$18,633$17,924$17,247$16,599$15,979$15,329
5 years$14,757$14,053$13,384$12,749$12,147$11,520
6 years$12,175$11,475$10,816$10,196$9,612$9,009
7 years$10,330$9,637$8,988$8,383$7,817$7,238
8 years$8,948$8,261$7,623$7,032$6,485$5,930
9 years$7,873$7,192$6,566$5,990$5,461$4,931
10 years$7,014$6,340$5,724$5,163$4,653$4,147
11 years$6,311$5,644$5,039$4,493$4,002$3,519
12 years$5,726$5,066$4,472$3,941$3,468$3,008
13 years$5,231$4,578$3,996$3,480$3,024$2,586
14 years$4,808$4,161$3,590$3,089$2,651$2,235
15 years$4,441$3,801$3,241$2,755$2,334$1,939
16 years$4,120$3,488$2,939$2,467$2,063$1,689
17 years$3,838$3,212$2,674$2,216$1,829$1,475
18 years$3,587$2,968$2,441$1,997$1,626$1,291
19 years$3,362$2,751$2,235$1,805$1,450$1,133
20 years$3,161$2,556$2,051$1,634$1,295$996
21 years$2,979$2,381$1,887$1,483$1,159$877
22 years$2,813$2,222$1,739$1,349$1,039$774
23 years$2,662$2,079$1,605$1,228$932$683
24 years$2,524$1,948$1,485$1,120$838$604
25 years$2,398$1,828$1,375$1,023$754$534
26 years$2,281$1,718$1,275$935$679$473
27 years$2,173$1,617$1,184$856$612$419
28 years$2,073$1,523$1,101$785$553$372
29 years$1,980$1,437$1,025$719$499$330
30 years$1,893$1,357$954$660$451$293
31 years$1,812$1,283$890$606$408$260
32 years$1,736$1,214$830$557$369$231
33 years$1,665$1,150$775$512$334$205
34 years$1,599$1,090$724$472$302$183
35 years$1,536$1,033$677$434$274$162
36 years$1,477$981$633$400$248$144
37 years$1,421$932$593$368$225$129
38 years$1,369$885$555$339$204$114
39 years$1,319$842$520$313$185$102
40 years$1,271$801$488$289$168$91
41 years$1,227$762$457$266$152$81
42 years$1,184$726$429$246$138$72
43 years$1,144$692$402$227$125$64
44 years$1,105$659$378$210$114$57
45 years$1,068$629$355$194$103$51
46 years$1,033$600$333$179$94$45
47 years$1,000$573$313$165$85$40
48 years$968$547$294$153$77$36
49 years$937$522$276$141$70$32
50 years$908$499$260$130$64$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $930,000, adding $3,977 every year, while hoping to spend $46,077 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: 43/44/13 Blend
39$930,000$930,000$930,000$930,000
40$1,028,962$979,672$965,257$1,069,163
41$1,084,891$978,651$948,568$1,096,658
42$1,144,980$976,035$929,775$1,121,507
43$1,209,605$971,698$908,760$1,147,416
44$1,279,179$965,505$885,397$1,174,502
45$1,354,154$957,314$859,557$1,202,896
46$1,435,029$946,973$831,103$1,232,745
47$1,522,349$934,322$799,893$1,264,216
48$1,616,716$919,191$765,776$1,297,495
49$1,718,790$901,400$728,598$1,332,791
50$1,829,296$880,758$688,196$1,370,338
51$1,949,032$857,063$644,398$1,410,397
52$2,078,875$830,102$597,028$1,453,263
53$2,219,790$799,646$545,898$1,499,262
54$2,372,838$765,458$490,815$1,548,761
55$2,539,186$727,284$431,576$1,602,169
56$2,720,117$684,855$367,967$1,659,942
57$2,917,044$637,888$299,769$1,722,588
58$3,131,521$586,083$226,750$1,790,676
59$3,365,258$529,123$148,668$1,864,836
60$3,620,138$466,673$65,272$1,945,772
61$3,898,231$398,380$0$2,034,268
62$4,201,819$323,868$0$2,134,486
63$4,533,410$242,744$0$2,253,979
64$4,895,768$154,589$0$2,384,800
65$5,291,936$58,962$0$2,528,187
66$5,725,261$0$0$2,685,512
67$6,199,433$0$0$2,879,890
68$6,718,511$0$0$3,124,041
69$7,286,967$0$0$3,391,532
70$7,909,726$0$0$3,684,696
71$8,592,210$0$0$4,006,101
72$9,340,391$0$0$4,358,574
73$10,160,848$0$0$4,745,231
74$11,060,826$0$0$5,169,502
75$12,048,303$0$0$5,635,167
76$13,132,070$0$0$6,146,389
77$14,321,809$0$0$6,707,753
78$15,628,185$0$0$7,324,310
79$17,062,946$0$0$8,001,626
80$18,639,035$0$0$8,745,831
81$20,370,707$0$0$9,563,678
82$22,273,671$0$0$10,462,607
83$24,365,230$0$0$11,450,815
84$26,664,446$0$0$12,537,333
85$29,192,322$0$0$13,732,109
86$31,971,997$0$0$15,046,105
87$35,028,964$0$0$16,491,399
88$38,391,309$0$0$18,081,296
89$42,089,980$0$0$19,830,458
90$46,159,071$0$0$21,755,037
91$50,636,152$0$0$23,872,832
92$55,562,613$0$0$26,203,455
93$60,984,064$0$0$28,768,511
94$66,950,755$0$0$31,591,812
95$73,518,057$0$0$34,699,589
96$80,746,982$0$0$38,120,751
97$88,704,755$0$0$41,887,147
98$97,465,450$0$0$46,033,876
99$107,110,690$0$0$50,599,610
100$117,730,412$0$0$55,626,962