Can I retire at age 40 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$76,881$76,196$75,528$74,876$74,239$73,130
2 years$38,060$37,351$36,664$35,998$35,352$34,237
3 years$25,121$24,409$23,724$23,064$22,429$21,342
4 years$18,653$17,943$17,265$16,617$15,996$14,947
5 years$14,773$14,068$13,398$12,763$12,160$11,151
6 years$12,188$11,487$10,828$10,207$9,622$8,655
7 years$10,341$9,647$8,998$8,392$7,825$6,900
8 years$8,957$8,269$7,631$7,039$6,492$5,608
9 years$7,882$7,200$6,573$5,996$5,467$4,624
10 years$7,021$6,346$5,730$5,169$4,658$3,856
11 years$6,318$5,650$5,045$4,498$4,006$3,244
12 years$5,732$5,071$4,477$3,946$3,472$2,748
13 years$5,237$4,583$4,000$3,483$3,027$2,342
14 years$4,813$4,166$3,594$3,092$2,654$2,005
15 years$4,446$3,805$3,245$2,758$2,337$1,723
16 years$4,125$3,491$2,942$2,469$2,065$1,486
17 years$3,842$3,215$2,677$2,219$1,831$1,285
18 years$3,591$2,971$2,444$1,999$1,628$1,114
19 years$3,366$2,754$2,237$1,807$1,451$968
20 years$3,164$2,559$2,053$1,636$1,296$842
21 years$2,982$2,383$1,889$1,485$1,160$734
22 years$2,816$2,225$1,741$1,350$1,040$640
23 years$2,665$2,081$1,607$1,230$933$559
24 years$2,527$1,950$1,486$1,121$839$489
25 years$2,400$1,830$1,377$1,024$755$428
26 years$2,283$1,720$1,277$936$680$375
27 years$2,175$1,618$1,186$857$613$328
28 years$2,075$1,525$1,102$785$553$288
29 years$1,982$1,439$1,026$720$499$253
30 years$1,895$1,359$955$661$451$222
31 years$1,814$1,284$891$607$408$195
32 years$1,738$1,215$831$558$369$171
33 years$1,667$1,151$776$513$334$150
34 years$1,601$1,091$725$472$302$132
35 years$1,538$1,035$678$435$274$116
36 years$1,479$982$634$400$248$102
37 years$1,423$933$593$369$225$90
38 years$1,370$886$556$340$204$79
39 years$1,320$843$521$313$185$69
40 years$1,273$802$488$289$168$61
41 years$1,228$763$458$267$152$54
42 years$1,185$727$429$246$138$47
43 years$1,145$693$403$227$125$42
44 years$1,106$660$378$210$114$37
45 years$1,069$630$355$194$103$32
46 years$1,034$601$333$179$94$28
47 years$1,001$573$313$165$85$25
48 years$969$547$294$153$77$22
49 years$938$522$277$141$70$19
50 years$909$499$260$130$64$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $931,000, adding $3,483 every year, while hoping to spend $45,487 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: 72/8/20 Blend
39$931,000$931,000$931,000$931,000
40$1,029,555$980,212$965,781$1,098,474
41$1,086,171$979,844$949,737$1,144,419
42$1,147,039$977,934$931,631$1,188,939
43$1,212,542$974,358$911,346$1,236,551
44$1,283,104$968,985$888,759$1,287,555
45$1,359,190$961,675$863,742$1,342,281
46$1,441,312$952,281$836,161$1,401,095
47$1,530,029$940,646$805,876$1,464,400
48$1,625,959$926,605$772,741$1,532,642
49$1,729,781$909,982$736,601$1,606,312
50$1,842,237$890,591$697,296$1,685,953
51$1,964,150$868,233$654,659$1,772,163
52$2,096,418$842,702$608,515$1,865,604
53$2,240,033$813,775$558,681$1,967,006
54$2,396,085$781,219$504,966$2,077,175
55$2,565,773$744,786$447,170$2,197,000
56$2,750,416$704,214$385,084$2,327,463
57$2,951,465$659,227$318,490$2,469,646
58$3,170,516$609,531$247,161$2,624,747
59$3,409,328$554,817$170,861$2,794,084
60$3,669,834$494,758$89,339$2,979,114
61$3,954,164$429,008$2,339$3,181,442
62$4,264,660$357,201$0$3,402,844
63$4,603,904$278,951$0$3,664,588
64$4,974,733$193,852$0$3,951,307
65$5,380,277$101,471$0$4,264,948
66$5,823,976$1,354$0$4,608,201
67$6,309,622$0$0$4,984,035
68$6,841,390$0$0$5,405,136
69$7,423,876$0$0$5,866,576
70$8,062,142$0$0$6,372,252
71$8,761,765$0$0$6,926,586
72$9,528,883$0$0$7,534,450
73$10,370,259$0$0$8,201,208
74$11,293,343$0$0$8,932,770
75$12,306,340$0$0$9,735,646
76$13,418,285$0$0$10,617,004
77$14,639,136$0$0$11,584,743
78$15,979,856$0$0$12,647,563
79$17,452,528$0$0$13,815,047
80$19,070,458$0$0$15,097,754
81$20,848,306$0$0$16,507,315
82$22,802,224$0$0$18,056,543
83$24,950,005$0$0$19,759,554
84$27,311,250$0$0$21,631,902
85$29,907,557$0$0$23,690,722
86$32,762,721$0$0$25,954,890
87$35,902,955$0$0$28,445,206
88$39,357,145$0$0$31,184,587
89$43,157,112$0$0$34,198,280
90$47,337,921$0$0$37,514,105
91$51,938,204$0$0$41,162,714
92$57,000,528$0$0$45,177,880
93$62,571,794$0$0$49,596,814
94$68,703,682$0$0$54,460,520
95$75,453,134$0$0$59,814,175
96$82,882,893$0$0$65,707,562
97$91,062,093$0$0$72,195,533
98$100,066,914$0$0$79,338,530
99$109,981,297$0$0$87,203,153
100$120,897,734$0$0$95,862,788