Can I retire at age 40 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$77,046$76,360$75,690$75,037$74,399$71,475
2 years$38,142$37,431$36,743$36,075$35,428$32,518
3 years$25,175$24,462$23,775$23,114$22,477$19,673
4 years$18,693$17,982$17,302$16,652$16,031$13,353
5 years$14,805$14,098$13,427$12,791$12,186$9,643
6 years$12,214$11,512$10,851$10,229$9,643$7,234
7 years$10,364$9,668$9,017$8,410$7,842$5,568
8 years$8,977$8,287$7,647$7,055$6,506$4,364
9 years$7,898$7,215$6,587$6,009$5,479$3,466
10 years$7,036$6,360$5,742$5,180$4,668$2,781
11 years$6,332$5,662$5,056$4,508$4,015$2,248
12 years$5,745$5,082$4,487$3,954$3,479$1,829
13 years$5,248$4,593$4,009$3,491$3,034$1,494
14 years$4,823$4,175$3,602$3,099$2,659$1,226
15 years$4,455$3,814$3,252$2,764$2,342$1,009
16 years$4,134$3,499$2,948$2,474$2,070$832
17 years$3,850$3,222$2,683$2,223$1,835$688
18 years$3,598$2,978$2,449$2,004$1,632$570
19 years$3,373$2,760$2,242$1,810$1,454$473
20 years$3,171$2,564$2,058$1,640$1,299$392
21 years$2,988$2,389$1,893$1,488$1,162$326
22 years$2,822$2,230$1,744$1,353$1,042$271
23 years$2,671$2,085$1,611$1,232$935$226
24 years$2,533$1,954$1,490$1,124$841$188
25 years$2,405$1,834$1,380$1,026$756$156
26 years$2,288$1,723$1,279$938$681$130
27 years$2,180$1,622$1,188$859$614$109
28 years$2,079$1,528$1,105$787$554$91
29 years$1,986$1,442$1,028$722$501$75
30 years$1,899$1,362$957$662$452$63
31 years$1,818$1,287$893$608$409$53
32 years$1,742$1,218$833$559$370$44
33 years$1,671$1,153$778$514$335$37
34 years$1,604$1,093$727$473$303$30
35 years$1,541$1,037$679$435$275$25
36 years$1,482$984$635$401$249$21
37 years$1,426$935$595$370$225$18
38 years$1,373$888$557$341$204$15
39 years$1,323$845$522$314$185$12
40 years$1,276$804$489$290$168$10
41 years$1,231$765$459$267$153$9
42 years$1,188$728$430$247$138$7
43 years$1,147$694$404$228$126$6
44 years$1,109$662$379$210$114$5
45 years$1,072$631$356$194$103$4
46 years$1,037$602$334$179$94$3
47 years$1,003$574$314$166$85$3
48 years$971$548$295$153$77$2
49 years$940$524$277$141$70$2
50 years$911$500$261$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $933,000, adding $2,814 every year, while hoping to spend $45,875 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: 75/5/20 Blend
39$933,000$933,000$933,000$933,000
40$1,031,069$981,620$967,158$1,103,327
41$1,087,427$980,908$950,747$1,150,907
42$1,147,996$978,625$932,249$1,197,156
43$1,213,158$974,643$911,545$1,246,660
44$1,283,330$968,831$888,512$1,299,731
45$1,358,972$961,046$863,020$1,356,716
46$1,440,589$951,139$834,933$1,417,997
47$1,528,735$938,951$804,109$1,483,993
48$1,624,021$924,314$770,401$1,555,170
49$1,727,115$907,050$733,654$1,632,040
50$1,838,754$886,969$693,705$1,715,168
51$1,959,748$863,871$650,385$1,805,177
52$2,090,987$837,545$603,517$1,902,757
53$2,233,450$807,767$552,917$2,008,667
54$2,388,212$774,298$498,391$2,123,743
55$2,556,460$736,889$439,737$2,248,911
56$2,739,495$695,272$376,744$2,385,190
57$2,938,752$649,169$309,193$2,533,704
58$3,155,807$598,281$236,854$2,695,695
59$3,392,397$542,294$159,486$2,872,532
60$3,650,432$480,877$76,839$3,065,723
61$3,932,016$413,679$0$3,276,936
62$4,239,461$340,330$0$3,510,432
63$4,575,317$260,437$0$3,783,470
64$4,942,389$173,587$0$4,081,931
65$5,343,764$79,345$0$4,408,345
66$5,782,842$0$0$4,765,496
67$6,263,368$0$0$5,157,706
68$6,789,465$0$0$5,591,927
69$7,365,670$0$0$6,067,545
70$7,996,985$0$0$6,588,691
71$8,688,914$0$0$7,159,915
72$9,447,522$0$0$7,786,227
73$10,279,486$0$0$8,473,148
74$11,192,162$0$0$9,226,755
75$12,193,653$0$0$10,053,745
76$13,292,883$0$0$10,961,493
77$14,499,681$0$0$11,958,122
78$15,824,877$0$0$13,052,581
79$17,280,399$0$0$14,254,730
80$18,879,388$0$0$15,575,427
81$20,636,319$0$0$17,026,637
82$22,567,142$0$0$18,621,540
83$24,689,426$0$0$20,374,656
84$27,022,526$0$0$22,301,981
85$29,587,767$0$0$24,421,141
86$32,408,645$0$0$26,751,553
87$35,511,045$0$0$29,314,609
88$38,923,486$0$0$32,133,881
89$42,677,391$0$0$35,235,337
90$46,807,381$0$0$38,647,592
91$51,351,602$0$0$42,402,171
92$56,352,085$0$0$46,533,812
93$61,855,139$0$0$51,080,790
94$67,911,792$0$0$56,085,275
95$74,578,268$0$0$61,593,737
96$81,916,517$0$0$67,657,376
97$89,994,803$0$0$74,332,611
98$98,888,342$0$0$81,681,606
99$108,680,016$0$0$89,772,861
100$119,461,149$0$0$98,681,856