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%12.2%
1 years$77,046$76,360$75,690$75,037$74,399$73,714
2 years$38,142$37,431$36,743$36,075$35,428$34,738
3 years$25,175$24,462$23,775$23,114$22,477$21,803
4 years$18,693$17,982$17,302$16,652$16,031$15,378
5 years$14,805$14,098$13,427$12,791$12,186$11,557
6 years$12,214$11,512$10,851$10,229$9,643$9,038
7 years$10,364$9,668$9,017$8,410$7,842$7,261
8 years$8,977$8,287$7,647$7,055$6,506$5,950
9 years$7,898$7,215$6,587$6,009$5,479$4,947
10 years$7,036$6,360$5,742$5,180$4,668$4,160
11 years$6,332$5,662$5,056$4,508$4,015$3,530
12 years$5,745$5,082$4,487$3,954$3,479$3,018
13 years$5,248$4,593$4,009$3,491$3,034$2,595
14 years$4,823$4,175$3,602$3,099$2,659$2,242
15 years$4,455$3,814$3,252$2,764$2,342$1,946
16 years$4,134$3,499$2,948$2,474$2,070$1,694
17 years$3,850$3,222$2,683$2,223$1,835$1,480
18 years$3,598$2,978$2,449$2,004$1,632$1,296
19 years$3,373$2,760$2,242$1,810$1,454$1,137
20 years$3,171$2,564$2,058$1,640$1,299$1,000
21 years$2,988$2,389$1,893$1,488$1,162$880
22 years$2,822$2,230$1,744$1,353$1,042$776
23 years$2,671$2,085$1,611$1,232$935$685
24 years$2,533$1,954$1,490$1,124$841$606
25 years$2,405$1,834$1,380$1,026$756$536
26 years$2,288$1,723$1,279$938$681$475
27 years$2,180$1,622$1,188$859$614$421
28 years$2,079$1,528$1,105$787$554$373
29 years$1,986$1,442$1,028$722$501$331
30 years$1,899$1,362$957$662$452$294
31 years$1,818$1,287$893$608$409$261
32 years$1,742$1,218$833$559$370$232
33 years$1,671$1,153$778$514$335$206
34 years$1,604$1,093$727$473$303$183
35 years$1,541$1,037$679$435$275$163
36 years$1,482$984$635$401$249$145
37 years$1,426$935$595$370$225$129
38 years$1,373$888$557$341$204$115
39 years$1,323$845$522$314$185$102
40 years$1,276$804$489$290$168$91
41 years$1,231$765$459$267$153$81
42 years$1,188$728$430$247$138$72
43 years$1,147$694$404$228$126$64
44 years$1,109$662$379$210$114$57
45 years$1,072$631$356$194$103$51
46 years$1,037$602$334$179$94$45
47 years$1,003$574$314$166$85$40
48 years$971$548$295$153$77$36
49 years$940$524$277$141$70$32
50 years$911$500$261$131$64$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $933,000, adding $5,878 every year, while hoping to spend $50,913 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: 63/9/28 Blend
39$933,000$933,000$933,000$933,000
40$1,034,229$984,780$970,319$1,091,315
41$1,085,549$978,863$948,653$1,124,817
42$1,140,398$970,950$924,556$1,155,309
43$1,199,081$960,889$897,891$1,187,522
44$1,261,934$948,520$868,517$1,221,632
45$1,329,326$933,671$836,286$1,257,837
46$1,401,659$916,163$801,044$1,296,354
47$1,479,378$895,805$762,629$1,337,428
48$1,562,969$872,394$720,871$1,381,329
49$1,652,966$845,715$675,595$1,428,354
50$1,749,956$815,543$626,614$1,478,839
51$1,854,583$781,636$573,737$1,533,150
52$1,967,555$743,740$516,762$1,591,699
53$2,089,650$701,588$455,478$1,654,938
54$2,221,723$654,895$389,666$1,723,371
55$2,364,714$603,360$319,094$1,797,556
56$2,519,655$546,665$243,525$1,878,110
57$2,687,684$484,475$162,706$1,965,719
58$2,870,048$416,435$76,378$2,061,141
59$3,068,123$342,170$0$2,165,215
60$3,283,419$261,284$0$2,283,577
61$3,517,599$173,359$0$2,437,208
62$3,772,493$77,952$0$2,604,493
63$4,050,113$0$0$2,786,784
64$4,352,675$0$0$2,988,088
65$4,682,615$0$0$3,216,088
66$5,042,617$0$0$3,464,925
67$5,435,634$0$0$3,736,648
68$5,864,917$0$0$4,033,514
69$6,334,045$0$0$4,358,005
70$6,846,957$0$0$4,712,856
71$7,407,992$0$0$5,101,078
72$8,021,926$0$0$5,525,984
73$8,694,018$0$0$5,991,226
74$9,430,059$0$0$6,500,823
75$10,236,429$0$0$7,059,201
76$11,120,150$0$0$7,671,236
77$12,088,958$0$0$8,342,296
78$13,151,373$0$0$9,078,295
79$14,316,778$0$0$9,885,745
80$15,595,510$0$0$10,771,822
81$16,998,952$0$0$11,744,428
82$18,539,646$0$0$12,812,266
83$20,231,405$0$0$13,984,926
84$22,089,445$0$0$15,272,970
85$24,130,531$0$0$16,688,034
86$26,373,128$0$0$18,242,937
87$28,837,581$0$0$19,951,802
88$31,546,300$0$0$21,830,185
89$34,523,979$0$0$23,895,227
90$37,797,820$0$0$26,165,812
91$41,397,793$0$0$28,662,745
92$45,356,918$0$0$31,408,947
93$49,711,575$0$0$34,429,674
94$54,501,848$0$0$37,752,751
95$59,771,898$0$0$41,408,837
96$65,570,385$0$0$45,431,710
97$71,950,923$0$0$49,858,590
98$78,972,586$0$0$54,730,486
99$86,700,462$0$0$60,092,586
100$95,206,271$0$0$65,994,676