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%17.9%
1 years$76,881$76,196$75,528$74,876$74,239$71,863
2 years$38,060$37,351$36,664$35,998$35,352$32,980
3 years$25,121$24,409$23,724$23,064$22,429$20,135
4 years$18,653$17,943$17,265$16,617$15,996$13,799
5 years$14,773$14,068$13,398$12,763$12,160$10,065
6 years$12,188$11,487$10,828$10,207$9,622$7,630
7 years$10,341$9,647$8,998$8,392$7,825$5,937
8 years$8,957$8,269$7,631$7,039$6,492$4,706
9 years$7,882$7,200$6,573$5,996$5,467$3,781
10 years$7,021$6,346$5,730$5,169$4,658$3,070
11 years$6,318$5,650$5,045$4,498$4,006$2,513
12 years$5,732$5,071$4,477$3,946$3,472$2,070
13 years$5,237$4,583$4,000$3,483$3,027$1,714
14 years$4,813$4,166$3,594$3,092$2,654$1,425
15 years$4,446$3,805$3,245$2,758$2,337$1,189
16 years$4,125$3,491$2,942$2,469$2,065$994
17 years$3,842$3,215$2,677$2,219$1,831$833
18 years$3,591$2,971$2,444$1,999$1,628$700
19 years$3,366$2,754$2,237$1,807$1,451$589
20 years$3,164$2,559$2,053$1,636$1,296$496
21 years$2,982$2,383$1,889$1,485$1,160$418
22 years$2,816$2,225$1,741$1,350$1,040$353
23 years$2,665$2,081$1,607$1,230$933$298
24 years$2,527$1,950$1,486$1,121$839$252
25 years$2,400$1,830$1,377$1,024$755$213
26 years$2,283$1,720$1,277$936$680$180
27 years$2,175$1,618$1,186$857$613$153
28 years$2,075$1,525$1,102$785$553$129
29 years$1,982$1,439$1,026$720$499$109
30 years$1,895$1,359$955$661$451$93
31 years$1,814$1,284$891$607$408$79
32 years$1,738$1,215$831$558$369$67
33 years$1,667$1,151$776$513$334$56
34 years$1,601$1,091$725$472$302$48
35 years$1,538$1,035$678$435$274$41
36 years$1,479$982$634$400$248$34
37 years$1,423$933$593$369$225$29
38 years$1,370$886$556$340$204$25
39 years$1,320$843$521$313$185$21
40 years$1,273$802$488$289$168$18
41 years$1,228$763$458$267$152$15
42 years$1,185$727$429$246$138$13
43 years$1,145$693$403$227$125$11
44 years$1,106$660$378$210$114$9
45 years$1,069$630$355$194$103$8
46 years$1,034$601$333$179$94$7
47 years$1,001$573$313$165$85$6
48 years$969$547$294$153$77$5
49 years$938$522$277$141$70$4
50 years$909$499$260$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $931,000, adding $6,967 every year, while hoping to spend $26,744 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: 75/18/7 Blend
39$931,000$931,000$931,000$931,000
40$1,033,148$983,805$969,375$1,109,159
41$1,110,074$1,003,557$973,394$1,179,883
42$1,193,950$1,023,379$976,651$1,253,263
43$1,285,457$1,043,248$979,092$1,332,903
44$1,385,343$1,063,137$980,662$1,419,411
45$1,494,434$1,083,017$981,300$1,513,461
46$1,613,638$1,102,857$980,945$1,615,793
47$1,743,954$1,122,621$979,531$1,727,220
48$1,886,482$1,142,275$976,991$1,848,642
49$2,042,435$1,161,778$973,251$1,981,046
50$2,213,146$1,181,088$968,238$2,125,523
51$2,400,085$1,200,159$961,872$2,283,272
52$2,604,869$1,218,942$954,070$2,455,616
53$2,829,280$1,237,385$944,746$2,644,010
54$3,075,281$1,255,431$933,809$2,850,060
55$3,345,032$1,273,020$921,164$3,075,533
56$3,640,915$1,290,087$906,712$3,322,378
57$3,965,550$1,306,563$890,349$3,592,742
58$4,321,825$1,322,374$871,965$3,888,988
59$4,712,922$1,337,441$851,447$4,213,723
60$5,142,345$1,351,680$828,675$4,569,819
61$5,613,952$1,365,001$803,524$4,960,440
62$6,131,997$1,377,308$775,864$5,389,074
63$6,701,164$1,388,498$745,558$5,859,561
64$7,326,612$1,398,464$712,463$6,376,137
65$8,014,026$1,407,089$676,431$6,943,467
66$8,769,670$1,414,250$637,305$7,566,693
67$9,600,443$1,419,815$594,921$8,251,483
68$10,513,948$1,423,645$549,111$9,004,079
69$11,518,559$1,425,592$499,694$9,831,364
70$12,623,504$1,425,498$446,486$10,740,922
71$13,838,951$1,423,197$389,293$11,741,110
72$15,176,100$1,418,510$327,911$12,841,137
73$16,647,295$1,411,249$262,128$14,051,155
74$18,266,132$1,401,214$191,723$15,382,348
75$20,047,597$1,388,193$116,465$16,847,044
76$22,008,199$1,371,961$36,113$18,458,829
77$24,166,128$1,352,279$0$20,232,673
78$26,541,428$1,328,896$0$22,188,785
79$29,156,184$1,301,543$0$24,344,760
80$32,034,733$1,269,937$0$26,717,958
81$35,203,890$1,233,778$0$29,330,484
82$38,693,202$1,192,747$0$32,206,700
83$42,535,226$1,146,510$0$35,373,452
84$46,765,839$1,094,709$0$38,860,323
85$51,424,574$1,036,969$0$42,699,917
86$56,554,991$972,891$0$46,928,161
87$62,205,092$902,054$0$51,584,650
88$68,427,769$824,013$0$56,713,014
89$75,281,310$738,298$0$62,361,340
90$82,829,939$644,410$0$68,582,615
91$91,144,432$541,826$0$75,435,236
92$100,302,777$429,988$0$82,983,556
93$110,390,914$308,311$0$91,298,493
94$121,503,544$176,175$0$100,458,201
95$133,745,025$32,927$0$110,548,807
96$147,230,352$0$0$121,665,227
97$162,086,248$0$0$133,936,246
98$178,452,355$0$0$147,461,950
99$196,482,554$0$0$162,362,999
100$216,346,417$0$0$178,779,542