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%17.6%
1 years$77,211$76,524$75,853$75,198$74,558$72,258
2 years$38,223$37,512$36,822$36,153$35,504$33,207
3 years$25,229$24,514$23,826$23,163$22,525$20,303
4 years$18,733$18,021$17,339$16,688$16,065$13,935
5 years$14,837$14,128$13,456$12,818$12,212$10,180
6 years$12,240$11,537$10,874$10,251$9,663$7,730
7 years$10,386$9,689$9,037$8,428$7,859$6,025
8 years$8,996$8,305$7,664$7,070$6,520$4,784
9 years$7,915$7,231$6,601$6,022$5,491$3,851
10 years$7,051$6,374$5,755$5,191$4,678$3,133
11 years$6,345$5,674$5,066$4,518$4,023$2,569
12 years$5,757$5,093$4,496$3,963$3,487$2,121
13 years$5,260$4,602$4,017$3,498$3,040$1,759
14 years$4,834$4,183$3,609$3,105$2,665$1,466
15 years$4,465$3,822$3,259$2,769$2,347$1,225
16 years$4,142$3,506$2,955$2,480$2,074$1,027
17 years$3,858$3,229$2,689$2,228$1,839$863
18 years$3,606$2,984$2,454$2,008$1,635$726
19 years$3,380$2,765$2,247$1,814$1,457$612
20 years$3,178$2,570$2,062$1,643$1,302$517
21 years$2,995$2,394$1,897$1,491$1,165$437
22 years$2,828$2,234$1,748$1,356$1,044$370
23 years$2,677$2,090$1,614$1,235$937$313
24 years$2,538$1,958$1,493$1,126$842$265
25 years$2,411$1,837$1,383$1,029$758$225
26 years$2,293$1,727$1,282$941$683$191
27 years$2,185$1,625$1,191$861$616$162
28 years$2,084$1,531$1,107$789$556$137
29 years$1,990$1,445$1,030$723$502$117
30 years$1,903$1,364$959$664$453$99
31 years$1,822$1,290$894$610$410$84
32 years$1,746$1,220$835$560$371$71
33 years$1,674$1,156$779$515$335$61
34 years$1,607$1,095$728$474$304$52
35 years$1,544$1,039$681$436$275$44
36 years$1,485$986$637$402$249$37
37 years$1,429$937$596$370$226$32
38 years$1,376$890$558$341$205$27
39 years$1,326$846$523$315$186$23
40 years$1,278$805$490$290$168$19
41 years$1,233$767$460$268$153$17
42 years$1,190$730$431$247$139$14
43 years$1,150$696$405$228$126$12
44 years$1,111$663$380$211$114$10
45 years$1,074$632$357$195$104$9
46 years$1,039$603$335$180$94$7
47 years$1,005$576$315$166$86$6
48 years$973$549$296$153$78$5
49 years$942$525$278$142$71$5
50 years$913$501$261$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $935,000, adding $2,865 every year, while hoping to spend $28,843 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: 56/16/28 Blend
39$935,000$935,000$935,000$935,000
40$1,033,325$983,770$969,278$1,083,072
41$1,108,036$1,001,286$971,060$1,135,134
42$1,189,400$1,018,694$971,935$1,188,592
43$1,278,066$1,035,957$971,842$1,246,254
44$1,374,748$1,053,038$970,718$1,308,536
45$1,480,230$1,069,895$968,495$1,375,896
46$1,595,377$1,086,483$965,103$1,448,840
47$1,721,140$1,102,756$960,468$1,527,925
48$1,858,567$1,118,661$954,514$1,613,767
49$2,008,810$1,134,145$947,160$1,707,044
50$2,173,139$1,149,148$938,320$1,808,507
51$2,352,951$1,163,608$927,906$1,918,982
52$2,549,786$1,177,459$915,825$2,039,379
53$2,765,339$1,190,629$901,980$2,170,706
54$3,001,475$1,203,042$886,268$2,314,071
55$3,260,251$1,214,616$868,583$2,470,699
56$3,543,929$1,225,265$848,813$2,641,940
57$3,855,003$1,234,897$826,842$2,829,283
58$4,196,219$1,243,412$802,547$3,034,371
59$4,570,602$1,250,707$775,800$3,259,016
60$4,981,481$1,256,671$746,468$3,505,217
61$5,432,528$1,261,183$714,410$3,775,177
62$5,927,785$1,264,119$679,481$4,071,328
63$6,471,703$1,265,346$641,528$4,396,352
64$7,069,188$1,264,719$600,391$4,753,205
65$7,725,644$1,262,089$555,903$5,145,148
66$8,447,024$1,257,295$507,889$5,575,778
67$9,239,885$1,250,168$456,169$6,049,062
68$10,111,453$1,240,526$400,550$6,569,371
69$11,069,687$1,228,178$340,835$7,141,530
70$12,123,358$1,212,921$276,815$7,770,856
71$13,282,127$1,194,540$208,275$8,463,213
72$14,556,639$1,172,808$134,987$9,225,067
73$15,958,623$1,147,483$56,716$10,063,546
74$17,501,002$1,118,308$0$10,986,513
75$19,198,013$1,085,014$0$12,010,643
76$21,065,344$1,047,313$0$13,156,086
77$23,120,280$1,004,903$0$14,416,495
78$25,381,868$957,463$0$15,803,569
79$27,871,092$904,652$0$17,330,200
80$30,611,076$846,112$0$19,010,598
81$33,627,298$781,464$0$20,860,421
82$36,947,832$710,305$0$22,896,927
83$40,603,612$632,212$0$25,139,134
84$44,628,726$546,736$0$27,608,002
85$49,060,734$453,404$0$30,326,628
86$53,941,022$351,714$0$33,320,470
87$59,315,197$241,138$0$36,617,583
88$65,233,511$121,118$0$40,248,883
89$71,751,341$0$0$44,248,445
90$78,929,706$0$0$48,655,393
91$86,835,845$0$0$53,532,737
92$95,543,853$0$0$58,904,878
93$105,135,376$0$0$64,822,199
94$115,700,385$0$0$71,340,221
95$127,338,023$0$0$78,520,124
96$140,157,540$0$0$86,429,329
97$154,279,326$0$0$95,142,128
98$169,836,044$0$0$104,740,388
99$186,973,884$0$0$115,314,324
100$205,853,943$0$0$126,963,349