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%17.5%
1 years$76,964$76,278$75,609$74,956$74,319$72,055
2 years$38,101$37,391$36,704$36,037$35,390$33,129
3 years$25,148$24,436$23,750$23,089$22,453$20,265
4 years$18,673$17,963$17,284$16,634$16,014$13,916
5 years$14,789$14,083$13,413$12,777$12,173$10,172
6 years$12,201$11,500$10,840$10,218$9,632$7,728
7 years$10,353$9,658$9,008$8,401$7,834$6,027
8 years$8,967$8,278$7,639$7,047$6,499$4,789
9 years$7,890$7,208$6,580$6,002$5,473$3,857
10 years$7,029$6,353$5,736$5,174$4,663$3,140
11 years$6,325$5,656$5,050$4,503$4,010$2,577
12 years$5,738$5,076$4,482$3,950$3,475$2,128
13 years$5,243$4,588$4,004$3,487$3,031$1,767
14 years$4,818$4,170$3,598$3,095$2,657$1,473
15 years$4,450$3,809$3,248$2,761$2,339$1,232
16 years$4,129$3,495$2,945$2,472$2,067$1,033
17 years$3,846$3,219$2,680$2,221$1,833$869
18 years$3,594$2,974$2,446$2,001$1,630$732
19 years$3,370$2,757$2,240$1,809$1,453$618
20 years$3,168$2,562$2,055$1,638$1,298$522
21 years$2,985$2,386$1,891$1,487$1,161$441
22 years$2,819$2,227$1,742$1,352$1,041$374
23 years$2,668$2,083$1,609$1,231$934$317
24 years$2,530$1,952$1,488$1,123$840$269
25 years$2,403$1,832$1,378$1,025$756$228
26 years$2,286$1,721$1,278$937$681$193
27 years$2,178$1,620$1,187$858$614$164
28 years$2,077$1,527$1,103$786$554$139
29 years$1,984$1,440$1,027$721$500$118
30 years$1,897$1,360$956$662$452$101
31 years$1,816$1,286$892$608$408$86
32 years$1,740$1,217$832$558$369$73
33 years$1,669$1,152$777$514$334$62
34 years$1,602$1,092$726$473$303$53
35 years$1,539$1,036$679$435$274$45
36 years$1,480$983$635$401$248$38
37 years$1,424$934$594$369$225$32
38 years$1,372$887$556$340$204$28
39 years$1,322$844$521$314$185$23
40 years$1,274$803$489$289$168$20
41 years$1,229$764$458$267$152$17
42 years$1,187$728$430$246$138$14
43 years$1,146$693$403$227$125$12
44 years$1,107$661$379$210$114$10
45 years$1,071$630$355$194$103$9
46 years$1,035$601$334$179$94$8
47 years$1,002$574$314$166$85$6
48 years$970$548$295$153$77$5
49 years$939$523$277$141$70$5
50 years$910$500$260$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $932,000, adding $4,722 every year, while hoping to spend $31,220 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: 55/28/17 Blend
39$932,000$932,000$932,000$932,000
40$1,031,935$982,539$968,093$1,083,768
41$1,103,974$997,465$967,306$1,134,554
42$1,182,315$1,012,077$965,447$1,186,080
43$1,267,568$1,026,325$962,446$1,241,491
44$1,360,403$1,040,158$958,231$1,301,165
45$1,461,559$1,053,521$952,726$1,365,520
46$1,571,848$1,066,353$945,853$1,435,017
47$1,692,165$1,078,593$937,527$1,510,166
48$1,823,494$1,090,172$927,662$1,591,527
49$1,966,918$1,101,018$916,167$1,679,721
50$2,123,631$1,111,055$902,945$1,775,431
51$2,294,945$1,120,201$887,897$1,879,411
52$2,482,306$1,128,367$870,919$1,992,494
53$2,687,306$1,135,462$851,899$2,115,598
54$2,911,698$1,141,387$830,725$2,249,737
55$3,157,412$1,146,035$807,275$2,396,028
56$3,426,574$1,149,297$781,424$2,555,704
57$3,721,524$1,151,052$753,041$2,730,128
58$4,044,840$1,151,174$721,989$2,920,800
59$4,399,361$1,149,529$688,124$3,129,376
60$4,788,216$1,145,976$651,295$3,357,685
61$5,214,847$1,140,362$611,347$3,607,740
62$5,683,048$1,132,527$568,114$3,881,767
63$6,197,000$1,122,301$521,426$4,182,219
64$6,761,304$1,109,504$471,105$4,511,800
65$7,381,032$1,093,945$416,961$4,873,495
66$8,061,769$1,075,420$358,802$5,270,597
67$8,809,670$1,053,716$296,422$5,706,737
68$9,631,513$1,028,605$229,609$6,185,918
69$10,534,767$999,846$158,140$6,712,559
70$11,527,659$967,184$81,783$7,291,530
71$12,619,254$930,349$297$7,928,204
72$13,819,538$889,057$0$8,628,506
73$15,139,515$843,004$0$9,414,689
74$16,591,306$791,873$0$10,279,319
75$18,188,268$735,323$0$11,230,336
76$19,945,117$673,000$0$12,276,556
77$21,878,066$604,524$0$13,427,693
78$24,004,980$529,497$0$14,694,459
79$26,345,543$447,497$0$16,088,659
80$28,921,444$358,080$0$17,623,308
81$31,756,578$260,773$0$19,312,750
82$34,877,279$155,080$0$21,172,801
83$38,312,559$40,477$0$23,220,889
84$42,094,388$0$0$25,476,229
85$46,257,994$0$0$27,985,754
86$50,842,191$0$0$30,762,623
87$55,889,752$0$0$33,820,286
88$61,447,806$0$0$37,187,306
89$67,568,287$0$0$40,895,159
90$74,308,420$0$0$44,978,527
91$81,731,264$0$0$49,475,629
92$89,906,305$0$0$54,428,578
93$98,910,111$0$0$59,883,780
94$108,827,056$0$0$65,892,373
95$119,750,116$0$0$72,510,706
96$131,781,742$0$0$79,800,875
97$145,034,833$0$0$87,831,305
98$159,633,798$0$0$96,677,396
99$175,715,727$0$0$106,422,239
100$193,431,690$0$0$117,157,394