Can I retire at age 40 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$77,211$76,524$75,853$75,198$74,558$73,083
2 years$38,223$37,512$36,822$36,153$35,504$34,024
3 years$25,229$24,514$23,826$23,163$22,525$21,086
4 years$18,733$18,021$17,339$16,688$16,065$14,679
5 years$14,837$14,128$13,456$12,818$12,212$10,882
6 years$12,240$11,537$10,874$10,251$9,663$8,391
7 years$10,386$9,689$9,037$8,428$7,859$6,645
8 years$8,996$8,305$7,664$7,070$6,520$5,363
9 years$7,915$7,231$6,601$6,022$5,491$4,391
10 years$7,051$6,374$5,755$5,191$4,678$3,635
11 years$6,345$5,674$5,066$4,518$4,023$3,035
12 years$5,757$5,093$4,496$3,963$3,487$2,551
13 years$5,260$4,602$4,017$3,498$3,040$2,157
14 years$4,834$4,183$3,609$3,105$2,665$1,832
15 years$4,465$3,822$3,259$2,769$2,347$1,561
16 years$4,142$3,506$2,955$2,480$2,074$1,335
17 years$3,858$3,229$2,689$2,228$1,839$1,145
18 years$3,606$2,984$2,454$2,008$1,635$984
19 years$3,380$2,765$2,247$1,814$1,457$847
20 years$3,178$2,570$2,062$1,643$1,302$731
21 years$2,995$2,394$1,897$1,491$1,165$631
22 years$2,828$2,234$1,748$1,356$1,044$545
23 years$2,677$2,090$1,614$1,235$937$472
24 years$2,538$1,958$1,493$1,126$842$409
25 years$2,411$1,837$1,383$1,029$758$354
26 years$2,293$1,727$1,282$941$683$307
27 years$2,185$1,625$1,191$861$616$267
28 years$2,084$1,531$1,107$789$556$232
29 years$1,990$1,445$1,030$723$502$201
30 years$1,903$1,364$959$664$453$175
31 years$1,822$1,290$894$610$410$152
32 years$1,746$1,220$835$560$371$132
33 years$1,674$1,156$779$515$335$115
34 years$1,607$1,095$728$474$304$100
35 years$1,544$1,039$681$436$275$87
36 years$1,485$986$637$402$249$76
37 years$1,429$937$596$370$226$66
38 years$1,376$890$558$341$205$57
39 years$1,326$846$523$315$186$50
40 years$1,278$805$490$290$168$43
41 years$1,233$767$460$268$153$38
42 years$1,190$730$431$247$139$33
43 years$1,150$696$405$228$126$29
44 years$1,111$663$380$211$114$25
45 years$1,074$632$357$195$104$22
46 years$1,039$603$335$180$94$19
47 years$1,005$576$315$166$86$16
48 years$973$549$296$153$78$14
49 years$942$525$278$142$71$13
50 years$913$501$261$131$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $935,000, adding $4,916 every year, while hoping to spend $56,277 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: 55/35/10 Blend
39$935,000$935,000$935,000$935,000
40$1,035,441$985,886$971,393$1,089,554
41$1,081,178$974,316$944,057$1,115,177
42$1,129,693$960,293$913,918$1,136,463
43$1,181,212$943,637$880,824$1,158,302
44$1,235,979$924,159$844,615$1,180,756
45$1,294,261$901,655$805,123$1,203,897
46$1,356,354$875,914$762,172$1,227,804
47$1,422,577$846,709$715,580$1,252,573
48$1,493,283$813,801$665,155$1,278,309
49$1,568,858$776,937$610,698$1,305,131
50$1,649,724$735,850$551,998$1,333,177
51$1,736,344$690,255$488,839$1,362,602
52$1,829,228$639,855$420,992$1,393,579
53$1,928,934$584,331$348,220$1,426,307
54$2,036,072$523,351$270,272$1,461,009
55$2,151,316$456,560$186,891$1,497,934
56$2,275,403$383,584$97,805$1,537,366
57$2,409,144$304,029$2,730$1,579,622
58$2,553,428$217,478$0$1,625,057
59$2,709,233$123,490$0$1,684,606
60$2,877,634$21,600$0$1,749,177
61$3,059,812$0$0$1,819,014
62$3,257,065$0$0$1,928,869
63$3,470,820$0$0$2,057,000
64$3,702,646$0$0$2,196,040
65$3,954,270$0$0$2,347,033
66$4,227,588$0$0$2,511,128
67$4,524,690$0$0$2,689,587
68$4,847,871$0$0$2,883,804
69$5,199,659$0$0$3,095,306
70$5,582,835$0$0$3,325,778
71$6,000,458$0$0$3,577,073
72$6,455,896$0$0$3,851,230
73$6,952,855$0$0$4,150,494
74$7,495,416$0$0$4,477,336
75$8,088,070$0$0$4,834,476
76$8,735,759$0$0$5,224,908
77$9,443,929$0$0$5,651,929
78$10,218,571$0$0$6,119,171
79$11,066,284$0$0$6,630,629
80$11,994,335$0$0$7,190,706
81$13,010,724$0$0$7,804,250
82$14,124,264$0$0$8,476,597
83$15,344,658$0$0$9,213,628
84$16,682,593$0$0$10,021,818
85$18,149,840$0$0$10,908,297
86$19,759,364$0$0$11,880,921
87$21,525,443$0$0$12,948,342
88$23,463,807$0$0$14,120,090
89$25,591,782$0$0$15,406,664
90$27,928,452$0$0$16,819,627
91$30,494,841$0$0$18,371,720
92$33,314,109$0$0$20,076,975
93$36,411,769$0$0$21,950,854
94$39,815,928$0$0$24,010,388
95$43,557,552$0$0$26,274,341
96$47,670,754$0$0$28,763,388
97$52,193,118$0$0$31,500,302
98$57,166,052$0$0$34,510,178
99$62,635,175$0$0$37,820,661
100$68,650,752$0$0$41,462,213