Can I retire at age 40 with 931,000?

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 $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%11.3%
1 years$76,881$76,196$75,528$74,876$74,239$73,833
2 years$38,060$37,351$36,664$35,998$35,352$34,942
3 years$25,121$24,409$23,724$23,064$22,429$22,028
4 years$18,653$17,943$17,265$16,617$15,996$15,608
5 years$14,773$14,068$13,398$12,763$12,160$11,785
6 years$12,188$11,487$10,828$10,207$9,622$9,260
7 years$10,341$9,647$8,998$8,392$7,825$7,478
8 years$8,957$8,269$7,631$7,039$6,492$6,158
9 years$7,882$7,200$6,573$5,996$5,467$5,147
10 years$7,021$6,346$5,730$5,169$4,658$4,352
11 years$6,318$5,650$5,045$4,498$4,006$3,713
12 years$5,732$5,071$4,477$3,946$3,472$3,192
13 years$5,237$4,583$4,000$3,483$3,027$2,761
14 years$4,813$4,166$3,594$3,092$2,654$2,400
15 years$4,446$3,805$3,245$2,758$2,337$2,095
16 years$4,125$3,491$2,942$2,469$2,065$1,836
17 years$3,842$3,215$2,677$2,219$1,831$1,613
18 years$3,591$2,971$2,444$1,999$1,628$1,421
19 years$3,366$2,754$2,237$1,807$1,451$1,255
20 years$3,164$2,559$2,053$1,636$1,296$1,111
21 years$2,982$2,383$1,889$1,485$1,160$985
22 years$2,816$2,225$1,741$1,350$1,040$874
23 years$2,665$2,081$1,607$1,230$933$777
24 years$2,527$1,950$1,486$1,121$839$692
25 years$2,400$1,830$1,377$1,024$755$616
26 years$2,283$1,720$1,277$936$680$550
27 years$2,175$1,618$1,186$857$613$491
28 years$2,075$1,525$1,102$785$553$438
29 years$1,982$1,439$1,026$720$499$392
30 years$1,895$1,359$955$661$451$350
31 years$1,814$1,284$891$607$408$313
32 years$1,738$1,215$831$558$369$280
33 years$1,667$1,151$776$513$334$251
34 years$1,601$1,091$725$472$302$225
35 years$1,538$1,035$678$435$274$202
36 years$1,479$982$634$400$248$181
37 years$1,423$933$593$369$225$162
38 years$1,370$886$556$340$204$145
39 years$1,320$843$521$313$185$130
40 years$1,273$802$488$289$168$117
41 years$1,228$763$458$267$152$105
42 years$1,185$727$429$246$138$94
43 years$1,145$693$403$227$125$84
44 years$1,106$660$378$210$114$76
45 years$1,069$630$355$194$103$68
46 years$1,034$601$333$179$94$61
47 years$1,001$573$313$165$85$55
48 years$969$547$294$153$77$49
49 years$938$522$277$141$70$44
50 years$909$499$260$130$64$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $931,000, adding $5,203 every year, while hoping to spend $29,064 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: 44/40/16 Blend
39$931,000$931,000$931,000$931,000
40$1,031,329$981,986$967,555$1,071,732
41$1,105,601$999,179$969,045$1,117,740
42$1,186,474$1,016,241$969,610$1,164,275
43$1,274,591$1,033,134$969,189$1,214,090
44$1,370,661$1,049,819$967,717$1,267,502
45$1,475,460$1,066,251$965,128$1,324,858
46$1,589,846$1,082,387$961,348$1,386,544
47$1,714,761$1,098,175$956,305$1,452,984
48$1,851,245$1,113,564$949,919$1,524,645
49$2,000,440$1,128,496$942,110$1,602,045
50$2,163,604$1,142,912$932,790$1,685,755
51$2,342,123$1,156,746$921,870$1,776,405
52$2,537,523$1,169,930$909,256$1,874,689
53$2,751,484$1,182,390$894,849$1,981,376
54$2,985,855$1,194,047$878,547$2,097,312
55$3,242,675$1,204,818$860,240$2,223,433
56$3,524,186$1,214,612$839,816$2,360,770
57$3,832,860$1,223,335$817,158$2,510,461
58$4,171,419$1,230,886$792,140$2,673,765
59$4,542,861$1,237,157$764,633$2,852,067
60$4,950,487$1,242,032$734,503$3,046,899
61$5,397,936$1,245,390$701,607$3,259,950
62$5,889,212$1,247,101$665,799$3,493,084
63$6,428,731$1,247,028$626,922$3,748,357
64$7,021,353$1,245,024$584,815$4,028,038
65$7,672,435$1,240,934$539,311$4,334,633
66$8,387,877$1,234,593$490,231$4,670,903
67$9,174,178$1,225,827$437,392$5,039,897
68$10,038,501$1,214,449$380,601$5,444,977
69$10,988,734$1,200,263$319,657$5,889,853
70$12,033,569$1,183,060$254,350$6,378,617
71$13,182,584$1,162,620$184,461$6,915,785
72$14,446,327$1,138,709$109,760$7,506,336
73$15,836,425$1,111,078$30,010$8,155,763
74$17,365,685$1,079,465$0$8,870,126
75$19,048,219$1,043,593$0$9,665,513
76$20,899,575$1,003,167$0$10,545,968
77$22,936,885$957,875$0$11,514,539
78$25,179,025$907,389$0$12,580,241
79$27,646,795$851,361$0$13,753,010
80$30,363,113$789,422$0$15,043,806
81$33,353,229$721,182$0$16,464,709
82$36,644,969$646,231$0$18,029,037
83$40,268,993$564,134$0$19,751,473
84$44,259,084$474,429$0$21,648,206
85$48,652,467$376,633$0$23,737,082
86$53,490,163$270,232$0$26,037,773
87$58,817,371$154,685$0$28,571,970
88$64,683,897$29,419$0$31,363,582
89$71,144,624$0$0$34,438,967
90$78,260,028$0$0$37,873,912
91$86,096,752$0$0$41,671,489
92$94,728,229$0$0$45,854,354
93$104,235,379$0$0$50,461,740
94$114,707,371$0$0$55,536,883
95$126,242,467$0$0$61,127,423
96$138,948,943$0$0$67,285,861
97$152,946,116$0$0$74,070,048
98$168,365,469$0$0$81,543,734
99$185,351,890$0$0$89,777,171
100$204,065,040$0$0$98,847,771