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%11.2%
1 years$77,046$76,360$75,690$75,037$74,399$74,023
2 years$38,142$37,431$36,743$36,075$35,428$35,049
3 years$25,175$24,462$23,775$23,114$22,477$22,106
4 years$18,693$17,982$17,302$16,652$16,031$15,671
5 years$14,805$14,098$13,427$12,791$12,186$11,839
6 years$12,214$11,512$10,851$10,229$9,643$9,308
7 years$10,364$9,668$9,017$8,410$7,842$7,520
8 years$8,977$8,287$7,647$7,055$6,506$6,196
9 years$7,898$7,215$6,587$6,009$5,479$5,182
10 years$7,036$6,360$5,742$5,180$4,668$4,384
11 years$6,332$5,662$5,056$4,508$4,015$3,743
12 years$5,745$5,082$4,487$3,954$3,479$3,220
13 years$5,248$4,593$4,009$3,491$3,034$2,787
14 years$4,823$4,175$3,602$3,099$2,659$2,424
15 years$4,455$3,814$3,252$2,764$2,342$2,117
16 years$4,134$3,499$2,948$2,474$2,070$1,856
17 years$3,850$3,222$2,683$2,223$1,835$1,633
18 years$3,598$2,978$2,449$2,004$1,632$1,440
19 years$3,373$2,760$2,242$1,810$1,454$1,272
20 years$3,171$2,564$2,058$1,640$1,299$1,127
21 years$2,988$2,389$1,893$1,488$1,162$1,000
22 years$2,822$2,230$1,744$1,353$1,042$888
23 years$2,671$2,085$1,611$1,232$935$790
24 years$2,533$1,954$1,490$1,124$841$704
25 years$2,405$1,834$1,380$1,026$756$628
26 years$2,288$1,723$1,279$938$681$560
27 years$2,180$1,622$1,188$859$614$500
28 years$2,079$1,528$1,105$787$554$447
29 years$1,986$1,442$1,028$722$501$400
30 years$1,899$1,362$957$662$452$358
31 years$1,818$1,287$893$608$409$320
32 years$1,742$1,218$833$559$370$287
33 years$1,671$1,153$778$514$335$257
34 years$1,604$1,093$727$473$303$231
35 years$1,541$1,037$679$435$275$207
36 years$1,482$984$635$401$249$186
37 years$1,426$935$595$370$225$166
38 years$1,373$888$557$341$204$149
39 years$1,323$845$522$314$185$134
40 years$1,276$804$489$290$168$120
41 years$1,231$765$459$267$153$108
42 years$1,188$728$430$247$138$97
43 years$1,147$694$404$228$126$87
44 years$1,109$662$379$210$114$78
45 years$1,072$631$356$194$103$70
46 years$1,037$602$334$179$94$63
47 years$1,003$574$314$166$85$57
48 years$971$548$295$153$77$51
49 years$940$524$277$141$70$46
50 years$911$500$261$131$64$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $933,000, adding $3,081 every year, while hoping to spend $45,278 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: 81/6/13 Blend
39$933,000$933,000$933,000$933,000
40$1,031,344$981,895$967,434$1,112,093
41$1,088,366$981,832$951,667$1,165,486
42$1,149,686$980,249$933,855$1,217,866
43$1,215,696$977,023$913,881$1,274,042
44$1,286,824$972,024$891,623$1,334,372
45$1,363,541$965,115$866,954$1,399,252
46$1,446,366$956,149$839,740$1,469,117
47$1,535,867$944,972$809,843$1,544,446
48$1,632,669$931,420$777,117$1,625,768
49$1,737,460$915,317$741,408$1,713,665
50$1,850,994$896,481$702,559$1,808,777
51$1,974,102$874,716$660,402$1,911,813
52$2,107,698$849,815$614,763$2,023,550
53$2,252,787$821,559$565,461$2,144,849
54$2,410,473$789,717$512,305$2,276,655
55$2,581,972$754,044$455,098$2,420,011
56$2,768,621$714,280$393,632$2,576,067
57$2,971,891$670,151$327,690$2,746,091
58$3,193,403$621,367$257,046$2,931,479
59$3,434,938$567,622$181,465$3,133,771
60$3,698,457$508,591$100,700$3,354,666
61$3,986,120$443,932$14,493$3,596,034
62$4,300,303$373,283$0$3,859,937
63$4,643,622$296,262$0$4,159,400
64$5,018,956$212,464$0$4,489,024
65$5,429,478$121,463$0$4,849,599
66$5,878,679$22,809$0$5,244,213
67$6,370,403$0$0$5,676,269
68$6,908,885$0$0$6,155,057
69$7,498,785$0$0$6,681,237
70$8,145,239$0$0$7,257,887
71$8,853,900$0$0$7,890,052
72$9,630,998$0$0$8,583,291
73$10,483,390$0$0$9,343,728
74$11,418,633$0$0$10,178,104
75$12,445,047$0$0$11,093,848
76$13,571,799$0$0$12,099,142
77$14,808,987$0$0$13,202,998
78$16,167,733$0$0$14,415,345
79$17,660,290$0$0$15,747,118
80$19,300,157$0$0$17,210,366
81$21,102,204$0$0$18,818,363
82$23,082,813$0$0$20,585,731
83$25,260,031$0$0$22,528,578
84$27,653,743$0$0$24,664,654
85$30,285,855$0$0$27,013,511
86$33,180,503$0$0$29,596,694
87$36,364,277$0$0$32,437,937
88$39,866,477$0$0$35,563,392
89$43,719,382$0$0$39,001,871
90$47,958,558$0$0$42,785,123
91$52,623,194$0$0$46,948,126
92$57,756,469$0$0$51,529,421
93$63,405,957$0$0$56,571,475
94$69,624,080$0$0$62,121,078
95$76,468,600$0$0$68,229,790
96$84,003,160$0$0$74,954,420
97$92,297,891$0$0$82,357,565
98$101,430,066$0$0$90,508,202
99$111,484,833$0$0$99,482,334
100$122,556,017$0$0$109,363,709