Can I retire at age 40 with 932,000?

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 $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%19.4%
1 years$76,964$76,278$75,609$74,956$74,319$71,512
2 years$38,101$37,391$36,704$36,037$35,390$32,594
3 years$25,148$24,436$23,750$23,089$22,453$19,757
4 years$18,673$17,963$17,284$16,634$16,014$13,437
5 years$14,789$14,083$13,413$12,777$12,173$9,724
6 years$12,201$11,500$10,840$10,218$9,632$7,311
7 years$10,353$9,658$9,008$8,401$7,834$5,640
8 years$8,967$8,278$7,639$7,047$6,499$4,431
9 years$7,890$7,208$6,580$6,002$5,473$3,528
10 years$7,029$6,353$5,736$5,174$4,663$2,838
11 years$6,325$5,656$5,050$4,503$4,010$2,300
12 years$5,738$5,076$4,482$3,950$3,475$1,876
13 years$5,243$4,588$4,004$3,487$3,031$1,537
14 years$4,818$4,170$3,598$3,095$2,657$1,265
15 years$4,450$3,809$3,248$2,761$2,339$1,044
16 years$4,129$3,495$2,945$2,472$2,067$864
17 years$3,846$3,219$2,680$2,221$1,833$716
18 years$3,594$2,974$2,446$2,001$1,630$595
19 years$3,370$2,757$2,240$1,809$1,453$495
20 years$3,168$2,562$2,055$1,638$1,298$412
21 years$2,985$2,386$1,891$1,487$1,161$343
22 years$2,819$2,227$1,742$1,352$1,041$286
23 years$2,668$2,083$1,609$1,231$934$239
24 years$2,530$1,952$1,488$1,123$840$200
25 years$2,403$1,832$1,378$1,025$756$167
26 years$2,286$1,721$1,278$937$681$139
27 years$2,178$1,620$1,187$858$614$117
28 years$2,077$1,527$1,103$786$554$98
29 years$1,984$1,440$1,027$721$500$82
30 years$1,897$1,360$956$662$452$68
31 years$1,816$1,286$892$608$408$57
32 years$1,740$1,217$832$558$369$48
33 years$1,669$1,152$777$514$334$40
34 years$1,602$1,092$726$473$303$34
35 years$1,539$1,036$679$435$274$28
36 years$1,480$983$635$401$248$23
37 years$1,424$934$594$369$225$20
38 years$1,372$887$556$340$204$16
39 years$1,322$844$521$314$185$14
40 years$1,274$803$489$289$168$12
41 years$1,229$764$458$267$152$10
42 years$1,187$728$430$246$138$8
43 years$1,146$693$403$227$125$7
44 years$1,107$661$379$210$114$6
45 years$1,071$630$355$194$103$5
46 years$1,035$601$334$179$94$4
47 years$1,002$574$314$166$85$3
48 years$970$548$295$153$77$3
49 years$939$523$277$141$70$2
50 years$910$500$260$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $932,000, adding $6,845 every year, while hoping to spend $34,031 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: 21/49/30 Blend
39$932,000$932,000$932,000$932,000
40$1,034,125$984,729$970,283$1,045,922
41$1,103,397$996,772$966,578$1,069,395
42$1,178,594$1,008,264$961,609$1,091,227
43$1,260,285$1,019,143$955,298$1,113,832
44$1,349,094$1,029,342$947,561$1,137,295
45$1,445,711$1,038,789$938,313$1,161,712
46$1,550,891$1,047,407$927,464$1,187,191
47$1,665,467$1,055,115$914,920$1,213,853
48$1,790,357$1,061,828$900,581$1,241,836
49$1,926,568$1,067,452$884,346$1,271,293
50$2,075,211$1,071,890$866,104$1,302,399
51$2,237,508$1,075,038$845,744$1,335,347
52$2,414,803$1,076,785$823,146$1,370,354
53$2,608,579$1,077,013$798,187$1,407,665
54$2,820,465$1,075,597$770,737$1,447,553
55$3,052,256$1,072,406$740,661$1,490,323
56$3,305,929$1,067,296$707,816$1,536,316
57$3,583,661$1,060,121$672,054$1,585,914
58$3,887,847$1,050,720$633,222$1,639,540
59$4,221,129$1,038,927$591,156$1,697,671
60$4,586,412$1,024,562$545,687$1,760,834
61$4,986,898$1,007,437$496,639$1,829,619
62$5,426,112$987,352$443,828$1,904,681
63$5,907,939$964,096$387,059$1,986,752
64$6,436,655$937,443$326,132$2,076,643
65$7,016,973$907,157$260,837$2,175,256
66$7,654,082$872,985$190,953$2,283,598
67$8,353,700$834,663$116,251$2,402,781
68$9,122,124$791,908$36,492$2,534,046
69$9,966,292$744,424$0$2,678,768
70$10,893,848$691,894$0$2,854,036
71$11,913,210$633,987$0$3,059,459
72$13,033,656$570,350$0$3,285,306
73$14,265,403$500,612$0$3,533,751
74$15,619,712$424,380$0$3,807,198
75$17,108,987$341,238$0$4,108,302
76$18,746,893$250,748$0$4,440,001
77$20,548,489$152,448$0$4,805,539
78$22,530,364$45,847$0$5,208,503
79$24,710,797$0$0$5,652,859
80$27,109,927$0$0$6,180,496
81$29,749,946$0$0$6,788,511
82$32,655,303$0$0$7,457,838
83$35,852,939$0$0$8,194,708
84$39,372,538$0$0$9,005,989
85$43,246,808$0$0$9,899,246
86$47,511,788$0$0$10,882,817
87$52,207,192$0$0$11,965,887
88$57,376,777$0$0$13,158,582
89$63,068,759$0$0$14,472,055
90$69,336,270$0$0$15,918,597
91$76,237,853$0$0$17,511,755
92$83,838,020$0$0$19,266,452
93$92,207,857$0$0$21,199,137
94$101,425,696$0$0$23,327,932
95$111,577,853$0$0$25,672,808
96$122,759,442$0$0$28,255,772
97$135,075,273$0$0$31,101,075
98$148,640,842$0$0$34,235,441
99$163,583,417$0$0$37,688,316
100$180,043,243$0$0$41,492,152