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%13.7%
1 years$77,211$76,524$75,853$75,198$74,558$73,414
2 years$38,223$37,512$36,822$36,153$35,504$34,354
3 years$25,229$24,514$23,826$23,163$22,525$21,405
4 years$18,733$18,021$17,339$16,688$16,065$14,983
5 years$14,837$14,128$13,456$12,818$12,212$11,173
6 years$12,240$11,537$10,874$10,251$9,663$8,666
7 years$10,386$9,689$9,037$8,428$7,859$6,905
8 years$8,996$8,305$7,664$7,070$6,520$5,609
9 years$7,915$7,231$6,601$6,022$5,491$4,623
10 years$7,051$6,374$5,755$5,191$4,678$3,852
11 years$6,345$5,674$5,066$4,518$4,023$3,239
12 years$5,757$5,093$4,496$3,963$3,487$2,742
13 years$5,260$4,602$4,017$3,498$3,040$2,335
14 years$4,834$4,183$3,609$3,105$2,665$1,998
15 years$4,465$3,822$3,259$2,769$2,347$1,716
16 years$4,142$3,506$2,955$2,480$2,074$1,479
17 years$3,858$3,229$2,689$2,228$1,839$1,278
18 years$3,606$2,984$2,454$2,008$1,635$1,107
19 years$3,380$2,765$2,247$1,814$1,457$961
20 years$3,178$2,570$2,062$1,643$1,302$835
21 years$2,995$2,394$1,897$1,491$1,165$728
22 years$2,828$2,234$1,748$1,356$1,044$634
23 years$2,677$2,090$1,614$1,235$937$554
24 years$2,538$1,958$1,493$1,126$842$484
25 years$2,411$1,837$1,383$1,029$758$423
26 years$2,293$1,727$1,282$941$683$370
27 years$2,185$1,625$1,191$861$616$324
28 years$2,084$1,531$1,107$789$556$284
29 years$1,990$1,445$1,030$723$502$249
30 years$1,903$1,364$959$664$453$218
31 years$1,822$1,290$894$610$410$191
32 years$1,746$1,220$835$560$371$168
33 years$1,674$1,156$779$515$335$147
34 years$1,607$1,095$728$474$304$129
35 years$1,544$1,039$681$436$275$114
36 years$1,485$986$637$402$249$100
37 years$1,429$937$596$370$226$88
38 years$1,376$890$558$341$205$77
39 years$1,326$846$523$315$186$68
40 years$1,278$805$490$290$168$60
41 years$1,233$767$460$268$153$52
42 years$1,190$730$431$247$139$46
43 years$1,150$696$405$228$126$40
44 years$1,111$663$380$211$114$36
45 years$1,074$632$357$195$104$31
46 years$1,039$603$335$180$94$27
47 years$1,005$576$315$166$86$24
48 years$973$549$296$153$78$21
49 years$942$525$278$142$71$19
50 years$913$501$261$131$64$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $935,000, adding $6,041 every year, while hoping to spend $23,238 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: 31/39/30 Blend
39$935,000$935,000$935,000$935,000
40$1,036,601$987,046$972,554$1,059,096
41$1,117,610$1,010,687$980,409$1,100,758
42$1,206,102$1,034,706$987,749$1,143,139
43$1,302,817$1,059,100$994,531$1,188,310
44$1,408,568$1,083,860$1,000,712$1,236,533
45$1,524,252$1,108,978$1,006,245$1,288,096
46$1,650,853$1,134,445$1,011,082$1,343,318
47$1,789,458$1,160,251$1,015,172$1,402,549
48$1,941,263$1,186,384$1,018,460$1,466,176
49$2,107,584$1,212,829$1,020,890$1,534,626
50$2,289,871$1,239,571$1,022,404$1,608,370
51$2,489,723$1,266,595$1,022,939$1,687,927
52$2,708,897$1,293,881$1,022,430$1,773,871
53$2,949,331$1,321,408$1,020,809$1,866,834
54$3,213,160$1,349,154$1,018,003$1,967,513
55$3,502,734$1,377,093$1,013,937$2,076,678
56$3,820,642$1,405,200$1,008,533$2,195,178
57$4,169,736$1,433,444$1,001,708$2,323,949
58$4,553,159$1,461,792$993,375$2,464,026
59$4,974,371$1,490,210$983,443$2,616,547
60$5,437,186$1,518,659$971,817$2,782,771
61$5,945,804$1,547,099$958,398$2,964,085
62$6,504,853$1,575,483$943,081$3,162,018
63$7,119,430$1,603,765$925,758$3,378,260
64$7,795,154$1,631,891$906,312$3,614,673
65$8,538,213$1,659,807$884,627$3,873,310
66$9,355,424$1,687,450$860,575$4,156,437
67$10,254,299$1,714,757$834,026$4,466,554
68$11,243,115$1,741,658$804,843$4,806,416
69$12,330,991$1,768,078$772,884$5,179,065
70$13,527,974$1,793,936$737,998$5,587,854
71$14,845,135$1,819,146$700,028$6,036,480
72$16,294,672$1,843,617$658,812$6,529,023
73$17,890,024$1,867,250$614,178$7,069,981
74$19,646,002$1,889,940$565,948$7,664,315
75$21,578,921$1,911,575$513,935$8,317,494
76$23,706,763$1,932,034$457,943$9,035,553
77$26,049,338$1,951,189$397,770$9,825,144
78$28,628,478$1,968,904$333,202$10,693,602
79$31,468,236$1,985,034$264,018$11,649,018
80$34,595,118$1,999,423$189,984$12,700,310
81$38,038,332$2,011,906$110,861$13,857,314
82$41,830,060$2,022,309$26,393$15,130,875
83$46,005,768$2,030,443$0$16,532,949
84$50,604,532$2,036,110$0$18,097,126
85$55,669,415$2,039,100$0$19,827,878
86$61,247,867$2,039,188$0$21,732,864
87$67,392,177$2,036,136$0$23,829,851
88$74,159,962$2,029,690$0$26,138,416
89$81,614,716$2,019,583$0$28,680,140
90$89,826,404$2,005,529$0$31,478,807
91$98,872,124$1,987,227$0$34,560,631
92$108,836,836$1,964,356$0$37,954,504
93$119,814,160$1,936,576$0$41,692,268
94$131,907,264$1,903,528$0$45,809,020
95$145,229,835$1,864,831$0$50,343,441
96$159,907,151$1,820,080$0$55,338,162
97$176,077,265$1,768,849$0$60,840,168
98$193,892,308$1,710,684$0$66,901,244
99$213,519,922$1,645,107$0$73,578,465
100$235,144,848$1,571,611$0$80,934,730