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%15.3%
1 years$77,129$76,442$75,772$75,117$74,478$72,856
2 years$38,183$37,471$36,782$36,114$35,466$33,839
3 years$25,202$24,488$23,801$23,139$22,501$20,921
4 years$18,713$18,001$17,321$16,670$16,048$14,527
5 years$14,821$14,113$13,442$12,804$12,199$10,742
6 years$12,227$11,525$10,863$10,240$9,653$8,260
7 years$10,375$9,678$9,027$8,419$7,850$6,523
8 years$8,986$8,296$7,656$7,062$6,513$5,249
9 years$7,907$7,223$6,594$6,015$5,485$4,285
10 years$7,044$6,367$5,749$5,185$4,673$3,536
11 years$6,338$5,668$5,061$4,513$4,019$2,943
12 years$5,751$5,087$4,492$3,958$3,483$2,466
13 years$5,254$4,597$4,013$3,495$3,037$2,078
14 years$4,828$4,179$3,606$3,102$2,662$1,759
15 years$4,460$3,818$3,255$2,767$2,344$1,494
16 years$4,138$3,503$2,951$2,477$2,072$1,273
17 years$3,854$3,226$2,686$2,226$1,837$1,088
18 years$3,602$2,981$2,452$2,006$1,633$931
19 years$3,377$2,763$2,244$1,812$1,456$799
20 years$3,174$2,567$2,060$1,641$1,300$686
21 years$2,991$2,391$1,895$1,490$1,164$590
22 years$2,825$2,232$1,746$1,355$1,043$508
23 years$2,674$2,088$1,612$1,234$936$438
24 years$2,535$1,956$1,491$1,125$842$378
25 years$2,408$1,836$1,381$1,028$757$327
26 years$2,291$1,725$1,281$940$682$282
27 years$2,182$1,624$1,189$860$615$244
28 years$2,082$1,530$1,106$788$555$211
29 years$1,988$1,443$1,029$723$501$182
30 years$1,901$1,363$958$663$453$158
31 years$1,820$1,288$894$609$409$137
32 years$1,744$1,219$834$560$370$118
33 years$1,673$1,155$778$515$335$103
34 years$1,606$1,094$727$474$303$89
35 years$1,543$1,038$680$436$275$77
36 years$1,483$985$636$401$249$67
37 years$1,427$936$595$370$226$58
38 years$1,374$889$558$341$205$50
39 years$1,324$846$522$314$186$43
40 years$1,277$804$490$290$168$38
41 years$1,232$766$459$268$153$33
42 years$1,189$729$431$247$139$28
43 years$1,148$695$404$228$126$25
44 years$1,110$662$379$210$114$21
45 years$1,073$632$356$194$104$18
46 years$1,038$603$335$180$94$16
47 years$1,004$575$314$166$85$14
48 years$972$549$295$153$78$12
49 years$941$524$278$142$70$10
50 years$912$501$261$131$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $934,000, adding $6,593 every year, while hoping to spend $31,384 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: 42/44/14 Blend
39$934,000$934,000$934,000$934,000
40$1,036,069$986,567$972,090$1,075,076
41$1,108,355$1,001,516$971,262$1,118,090
42$1,186,963$1,016,146$969,355$1,161,022
43$1,272,504$1,030,408$966,300$1,206,830
44$1,365,652$1,044,250$962,022$1,255,789
45$1,467,145$1,057,615$956,447$1,308,207
46$1,577,801$1,070,445$949,495$1,364,420
47$1,698,514$1,082,675$941,081$1,424,804
48$1,830,274$1,094,237$931,118$1,489,770
49$1,974,166$1,105,059$919,515$1,559,775
50$2,131,387$1,115,063$906,175$1,635,324
51$2,303,254$1,124,167$890,998$1,716,973
52$2,491,218$1,132,282$873,877$1,805,338
53$2,696,874$1,139,316$854,704$1,901,098
54$2,921,981$1,145,168$833,362$2,005,005
55$3,168,474$1,149,733$809,731$2,117,889
56$3,438,486$1,152,897$783,685$2,240,665
57$3,734,365$1,154,542$755,091$2,374,347
58$4,058,695$1,154,540$723,812$2,520,053
59$4,414,325$1,152,755$689,703$2,679,017
60$4,804,391$1,149,045$652,613$2,852,603
61$5,232,347$1,143,257$612,384$3,042,317
62$5,701,999$1,135,229$568,851$3,249,822
63$6,217,538$1,124,791$521,843$3,476,954
64$6,783,581$1,111,760$471,179$3,725,740
65$7,405,214$1,095,943$416,671$3,998,418
66$8,088,040$1,077,138$358,123$4,297,458
67$8,838,229$1,055,127$295,329$4,625,589
68$9,662,582$1,029,682$228,077$4,985,820
69$10,568,589$1,000,560$156,140$5,381,474
70$11,564,501$967,504$79,288$5,816,218
71$12,659,412$930,243$0$6,294,101
72$13,863,336$888,489$0$6,819,995
73$15,187,309$841,938$0$7,411,088
74$16,643,490$790,268$0$8,061,004
75$18,245,274$733,139$0$8,775,784
76$20,007,421$670,192$0$9,562,094
77$21,946,192$601,046$0$10,427,284
78$24,079,505$525,299$0$11,379,462
79$26,427,103$442,526$0$12,427,569
80$29,010,737$352,280$0$13,581,466
81$31,854,377$254,086$0$14,852,027
82$34,984,430$147,443$0$16,251,244
83$38,429,998$31,824$0$17,792,342
84$42,223,144$0$0$19,489,903
85$46,399,199$0$0$21,405,196
86$50,997,095$0$0$23,531,074
87$56,059,730$0$0$25,871,983
88$61,634,372$0$0$28,449,797
89$67,773,109$0$0$31,288,623
90$74,533,337$0$0$34,415,023
91$81,978,300$0$0$37,858,267
92$90,177,689$0$0$41,650,609
93$99,208,301$0$0$45,827,589
94$109,154,759$0$0$50,428,373
95$120,110,312$0$0$55,496,118
96$132,177,718$0$0$61,078,380
97$145,470,208$0$0$67,227,566
98$160,112,559$0$0$74,001,422
99$176,242,267$0$0$81,463,587
100$194,010,850$0$0$89,684,183