Can I retire at age 40 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$76,964$76,278$75,609$74,956$74,319$72,611
2 years$38,101$37,391$36,704$36,037$35,390$33,678
3 years$25,148$24,436$23,750$23,089$22,453$20,791
4 years$18,673$17,963$17,284$16,634$16,014$14,415
5 years$14,789$14,083$13,413$12,777$12,173$10,642
6 years$12,201$11,500$10,840$10,218$9,632$8,170
7 years$10,353$9,658$9,008$8,401$7,834$6,441
8 years$8,967$8,278$7,639$7,047$6,499$5,174
9 years$7,890$7,208$6,580$6,002$5,473$4,216
10 years$7,029$6,353$5,736$5,174$4,663$3,473
11 years$6,325$5,656$5,050$4,503$4,010$2,885
12 years$5,738$5,076$4,482$3,950$3,475$2,413
13 years$5,243$4,588$4,004$3,487$3,031$2,029
14 years$4,818$4,170$3,598$3,095$2,657$1,714
15 years$4,450$3,809$3,248$2,761$2,339$1,453
16 years$4,129$3,495$2,945$2,472$2,067$1,235
17 years$3,846$3,219$2,680$2,221$1,833$1,053
18 years$3,594$2,974$2,446$2,001$1,630$900
19 years$3,370$2,757$2,240$1,809$1,453$770
20 years$3,168$2,562$2,055$1,638$1,298$660
21 years$2,985$2,386$1,891$1,487$1,161$567
22 years$2,819$2,227$1,742$1,352$1,041$487
23 years$2,668$2,083$1,609$1,231$934$419
24 years$2,530$1,952$1,488$1,123$840$360
25 years$2,403$1,832$1,378$1,025$756$310
26 years$2,286$1,721$1,278$937$681$268
27 years$2,178$1,620$1,187$858$614$231
28 years$2,077$1,527$1,103$786$554$199
29 years$1,984$1,440$1,027$721$500$172
30 years$1,897$1,360$956$662$452$148
31 years$1,816$1,286$892$608$408$128
32 years$1,740$1,217$832$558$369$111
33 years$1,669$1,152$777$514$334$96
34 years$1,602$1,092$726$473$303$83
35 years$1,539$1,036$679$435$274$71
36 years$1,480$983$635$401$248$62
37 years$1,424$934$594$369$225$53
38 years$1,372$887$556$340$204$46
39 years$1,322$844$521$314$185$40
40 years$1,274$803$489$289$168$34
41 years$1,229$764$458$267$152$30
42 years$1,187$728$430$246$138$26
43 years$1,146$693$403$227$125$22
44 years$1,107$661$379$210$114$19
45 years$1,071$630$355$194$103$17
46 years$1,035$601$334$179$94$14
47 years$1,002$574$314$166$85$12
48 years$970$548$295$153$77$11
49 years$939$523$277$141$70$9
50 years$910$500$260$131$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $932,000, adding $5,797 every year, while hoping to spend $57,181 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: 73/6/21 Blend
39$932,000$932,000$932,000$932,000
40$1,033,044$983,648$969,202$1,102,799
41$1,077,574$971,006$940,830$1,137,310
42$1,124,730$955,829$909,591$1,167,672
43$1,174,719$937,931$875,329$1,199,490
44$1,227,768$917,117$837,880$1,232,900
45$1,284,124$893,180$797,073$1,268,051
46$1,344,059$865,900$752,729$1,305,109
47$1,407,870$835,046$704,662$1,344,257
48$1,475,881$800,372$652,677$1,385,699
49$1,548,448$761,617$596,568$1,429,660
50$1,625,960$718,507$536,124$1,476,392
51$1,708,846$670,751$471,122$1,526,170
52$1,797,572$618,042$401,328$1,579,302
53$1,892,653$560,054$326,501$1,636,129
54$1,994,651$496,445$246,387$1,697,026
55$2,104,185$426,850$160,721$1,762,411
56$2,221,933$350,887$69,226$1,832,746
57$2,348,640$268,150$0$1,908,541
58$2,485,123$178,211$0$1,996,730
59$2,632,280$80,618$0$2,108,539
60$2,791,098$0$0$2,229,204
61$2,962,661$0$0$2,361,221
62$3,148,160$0$0$2,509,750
63$3,348,903$0$0$2,670,522
64$3,566,331$0$0$2,844,692
65$3,802,026$0$0$3,033,534
66$4,057,727$0$0$3,238,447
67$4,335,348$0$0$3,460,968
68$4,636,994$0$0$3,702,791
69$4,964,981$0$0$3,965,778
70$5,321,855$0$0$4,251,975
71$5,710,419$0$0$4,563,639
72$6,133,757$0$0$4,903,247
73$6,595,264$0$0$5,273,531
74$7,098,674$0$0$5,677,493
75$7,648,098$0$0$6,118,440
76$8,248,063$0$0$6,600,012
77$8,903,550$0$0$7,126,215
78$9,620,043$0$0$7,701,461
79$10,403,581$0$0$8,330,605
80$11,260,812$0$0$9,018,995
81$12,199,056$0$0$9,772,519
82$13,226,375$0$0$10,597,661
83$14,351,646$0$0$11,501,560
84$15,584,644$0$0$12,492,079
85$16,936,136$0$0$13,577,877
86$18,417,978$0$0$14,768,493
87$20,043,230$0$0$16,074,431
88$21,826,277$0$0$17,507,259
89$23,782,961$0$0$19,079,724
90$25,930,735$0$0$20,805,861
91$28,288,821$0$0$22,701,135
92$30,878,398$0$0$24,782,579
93$33,722,790$0$0$27,068,956
94$36,847,697$0$0$29,580,939
95$40,281,427$0$0$32,341,298
96$44,055,169$0$0$35,375,122
97$48,203,281$0$0$38,710,049
98$52,763,616$0$0$42,376,528
99$57,777,880$0$0$46,408,107
100$63,292,018$0$0$50,841,747