Can I retire at age 40 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$77,129$76,442$75,772$75,117$74,478$72,560
2 years$38,183$37,471$36,782$36,114$35,466$33,546
3 years$25,202$24,488$23,801$23,139$22,501$20,640
4 years$18,713$18,001$17,321$16,670$16,048$14,259
5 years$14,821$14,113$13,442$12,804$12,199$10,489
6 years$12,227$11,525$10,863$10,240$9,653$8,022
7 years$10,375$9,678$9,027$8,419$7,850$6,299
8 years$8,986$8,296$7,656$7,062$6,513$5,040
9 years$7,907$7,223$6,594$6,015$5,485$4,089
10 years$7,044$6,367$5,749$5,185$4,673$3,353
11 years$6,338$5,668$5,061$4,513$4,019$2,773
12 years$5,751$5,087$4,492$3,958$3,483$2,309
13 years$5,254$4,597$4,013$3,495$3,037$1,932
14 years$4,828$4,179$3,606$3,102$2,662$1,624
15 years$4,460$3,818$3,255$2,767$2,344$1,370
16 years$4,138$3,503$2,951$2,477$2,072$1,159
17 years$3,854$3,226$2,686$2,226$1,837$983
18 years$3,602$2,981$2,452$2,006$1,633$836
19 years$3,377$2,763$2,244$1,812$1,456$712
20 years$3,174$2,567$2,060$1,641$1,300$607
21 years$2,991$2,391$1,895$1,490$1,164$518
22 years$2,825$2,232$1,746$1,355$1,043$443
23 years$2,674$2,088$1,612$1,234$936$379
24 years$2,535$1,956$1,491$1,125$842$324
25 years$2,408$1,836$1,381$1,028$757$278
26 years$2,291$1,725$1,281$940$682$238
27 years$2,182$1,624$1,189$860$615$204
28 years$2,082$1,530$1,106$788$555$175
29 years$1,988$1,443$1,029$723$501$150
30 years$1,901$1,363$958$663$453$129
31 years$1,820$1,288$894$609$409$111
32 years$1,744$1,219$834$560$370$95
33 years$1,673$1,155$778$515$335$82
34 years$1,606$1,094$727$474$303$70
35 years$1,543$1,038$680$436$275$60
36 years$1,483$985$636$401$249$52
37 years$1,427$936$595$370$226$44
38 years$1,374$889$558$341$205$38
39 years$1,324$846$522$314$186$33
40 years$1,277$804$490$290$168$28
41 years$1,232$766$459$268$153$24
42 years$1,189$729$431$247$139$21
43 years$1,148$695$404$228$126$18
44 years$1,110$662$379$210$114$15
45 years$1,073$632$356$194$104$13
46 years$1,038$603$335$180$94$11
47 years$1,004$575$314$166$85$10
48 years$972$549$295$153$78$8
49 years$941$524$278$142$70$7
50 years$912$501$261$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $934,000, adding $3,377 every year, while hoping to spend $26,001 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: 47/31/22 Blend
39$934,000$934,000$934,000$934,000
40$1,032,751$983,249$968,772$1,074,670
41$1,110,427$1,003,764$973,561$1,124,858
42$1,195,154$1,024,412$977,639$1,176,444
43$1,287,625$1,045,173$980,955$1,231,907
44$1,388,600$1,066,024$983,455$1,291,621
45$1,498,919$1,086,940$985,082$1,355,998
46$1,619,503$1,107,895$985,776$1,425,495
47$1,751,369$1,128,859$985,477$1,500,615
48$1,895,636$1,149,800$984,118$1,581,912
49$2,053,536$1,170,685$981,630$1,669,996
50$2,226,424$1,191,476$977,943$1,765,544
51$2,415,795$1,212,134$972,980$1,869,297
52$2,623,294$1,232,616$966,662$1,982,077
53$2,850,732$1,252,876$958,907$2,104,787
54$3,100,103$1,272,865$949,627$2,238,426
55$3,373,607$1,292,528$938,733$2,384,094
56$3,673,663$1,311,810$926,128$2,543,004
57$4,002,937$1,330,649$911,714$2,716,495
58$4,364,365$1,348,979$895,385$2,906,042
59$4,761,183$1,366,732$877,033$3,113,274
60$5,196,953$1,383,831$856,543$3,339,986
61$5,675,601$1,400,197$833,796$3,588,158
62$6,201,450$1,415,745$808,666$3,859,973
63$6,779,265$1,430,383$781,023$4,157,839
64$7,414,292$1,444,015$750,730$4,484,412
65$8,112,314$1,456,536$717,644$4,842,619
66$8,879,700$1,467,836$681,614$5,235,691
67$9,723,467$1,477,797$642,486$5,667,188
68$10,651,347$1,486,295$600,095$6,141,036
69$11,671,856$1,493,196$554,271$6,661,566
70$12,794,381$1,498,358$504,835$7,233,552
71$14,029,262$1,501,631$451,600$7,862,257
72$15,387,891$1,502,855$394,373$8,553,487
73$16,882,820$1,501,860$332,949$9,313,642
74$18,527,882$1,498,465$267,116$10,149,779
75$20,338,314$1,492,478$196,654$11,069,677
76$22,330,910$1,483,697$121,329$12,081,916
77$24,524,169$1,471,905$40,900$13,195,953
78$26,938,480$1,456,874$0$14,422,216
79$29,596,305$1,438,361$0$15,782,748
80$32,522,396$1,416,109$0$17,290,608
81$35,744,028$1,389,845$0$18,950,221
82$39,291,253$1,359,282$0$20,777,059
83$43,197,187$1,324,113$0$22,788,174
84$47,498,320$1,284,014$0$25,002,361
85$52,234,862$1,238,645$0$27,440,333
86$57,451,121$1,187,640$0$30,124,920
87$63,195,919$1,130,619$0$33,081,286
88$69,523,057$1,067,174$0$36,337,163
89$76,491,820$996,876$0$39,923,117
90$84,167,535$919,272$0$43,872,835
91$92,622,190$833,883$0$48,223,446
92$101,935,111$740,201$0$53,015,871
93$112,193,712$637,690$0$58,295,211
94$123,494,318$525,785$0$64,111,171
95$135,943,077$403,887$0$70,518,534
96$149,656,958$271,364$0$77,577,677
97$164,764,857$127,551$0$85,355,142
98$181,408,813$0$0$93,924,269
99$199,745,347$0$0$103,375,522
100$219,946,943$0$0$113,836,198