Can I retire at age 40 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$77,294$76,606$75,934$75,278$74,638$72,047
2 years$38,264$37,552$36,861$36,191$35,542$32,958
3 years$25,256$24,540$23,852$23,188$22,549$20,054
4 years$18,753$18,040$17,358$16,706$16,082$13,695
5 years$14,853$14,143$13,470$12,832$12,226$9,952
6 years$12,253$11,549$10,886$10,262$9,674$7,516
7 years$10,397$9,699$9,046$8,437$7,867$5,825
8 years$9,006$8,314$7,672$7,077$6,527$4,598
9 years$7,924$7,239$6,608$6,028$5,496$3,679
10 years$7,059$6,381$5,761$5,196$4,683$2,974
11 years$6,352$5,680$5,072$4,522$4,028$2,423
12 years$5,763$5,098$4,501$3,967$3,490$1,987
13 years$5,265$4,607$4,021$3,502$3,044$1,637
14 years$4,839$4,188$3,613$3,109$2,668$1,354
15 years$4,470$3,826$3,262$2,772$2,349$1,124
16 years$4,147$3,510$2,958$2,482$2,076$936
17 years$3,862$3,233$2,691$2,230$1,841$780
18 years$3,610$2,987$2,457$2,010$1,637$652
19 years$3,384$2,768$2,249$1,816$1,459$546
20 years$3,181$2,573$2,064$1,645$1,303$457
21 years$2,998$2,396$1,899$1,493$1,166$383
22 years$2,831$2,237$1,750$1,357$1,045$322
23 years$2,680$2,092$1,616$1,236$938$270
24 years$2,541$1,960$1,494$1,128$843$227
25 years$2,413$1,839$1,384$1,030$759$191
26 years$2,296$1,729$1,284$942$684$161
27 years$2,187$1,627$1,192$862$616$135
28 years$2,086$1,533$1,108$790$556$114
29 years$1,993$1,446$1,031$724$502$96
30 years$1,905$1,366$960$665$454$81
31 years$1,824$1,291$895$610$410$68
32 years$1,748$1,222$835$561$371$57
33 years$1,676$1,157$780$516$336$48
34 years$1,609$1,097$729$475$304$41
35 years$1,546$1,040$681$437$275$34
36 years$1,487$987$637$402$250$29
37 years$1,430$938$597$371$226$24
38 years$1,377$891$559$342$205$21
39 years$1,327$847$523$315$186$17
40 years$1,280$806$491$291$169$15
41 years$1,235$767$460$268$153$12
42 years$1,192$731$432$247$139$10
43 years$1,151$696$405$228$126$9
44 years$1,112$664$380$211$114$7
45 years$1,075$633$357$195$104$6
46 years$1,040$604$335$180$94$5
47 years$1,006$576$315$166$86$4
48 years$974$550$296$154$78$4
49 years$943$525$278$142$71$3
50 years$914$502$262$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $936,000, adding $5,944 every year, while hoping to spend $39,677 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: 53/32/15 Blend
39$936,000$936,000$936,000$936,000
40$1,037,603$987,995$973,487$1,088,129
41$1,101,223$994,191$963,883$1,129,492
42$1,170,002$999,361$952,627$1,169,753
43$1,244,424$1,003,412$939,623$1,212,667
44$1,325,023$1,006,246$924,768$1,258,496
45$1,412,384$1,007,761$907,956$1,307,531
46$1,507,149$1,007,844$889,075$1,360,093
47$1,610,028$1,006,378$868,009$1,416,539
48$1,721,799$1,003,238$844,635$1,477,262
49$1,843,319$998,293$818,826$1,542,699
50$1,975,529$991,400$790,448$1,613,332
51$2,119,466$982,413$759,362$1,689,696
52$2,276,272$971,171$725,420$1,772,380
53$2,447,201$957,508$688,472$1,862,038
54$2,633,636$941,246$648,356$1,959,394
55$2,837,097$922,198$604,906$2,065,246
56$3,059,258$900,163$557,948$2,180,479
57$3,301,963$874,930$507,299$2,306,069
58$3,567,238$846,278$452,769$2,443,098
59$3,857,319$813,968$394,159$2,592,759
60$4,174,665$777,751$331,262$2,756,374
61$4,521,982$737,362$263,861$2,935,400
62$4,902,253$692,521$191,729$3,131,452
63$5,318,760$642,933$114,630$3,346,310
64$5,775,121$588,284$32,317$3,581,944
65$6,275,317$528,243$0$3,840,527
66$6,823,733$462,461$0$4,133,351
67$7,425,200$390,568$0$4,460,280
68$8,085,039$312,174$0$4,819,111
69$8,809,109$226,867$0$5,213,128
70$9,603,865$134,210$0$5,645,956
71$10,476,417$33,744$0$6,121,592
72$11,434,598$0$0$6,644,448
73$12,487,035$0$0$7,245,805
74$13,643,233$0$0$7,919,602
75$14,913,663$0$0$8,660,070
76$16,309,859$0$0$9,473,945
77$17,844,530$0$0$10,368,647
78$19,531,676$0$0$11,352,352
79$21,386,721$0$0$12,434,068
80$23,426,660$0$0$13,623,717
81$25,670,215$0$0$14,932,234
82$28,138,015$0$0$16,371,664
83$30,852,788$0$0$17,955,282
84$33,839,575$0$0$19,697,710
85$37,125,969$0$0$21,615,062
86$40,742,369$0$0$23,725,092
87$44,722,273$0$0$26,047,361
88$49,102,589$0$0$28,603,425
89$53,923,985$0$0$31,417,033
90$59,231,270$0$0$34,514,356
91$65,073,821$0$0$37,924,227
92$71,506,041$0$0$41,678,422
93$78,587,881$0$0$45,811,952
94$86,385,398$0$0$50,363,395
95$94,971,380$0$0$55,375,261
96$104,426,035$0$0$60,894,394
97$114,837,743$0$0$66,972,411
98$126,303,893$0$0$73,666,190
99$138,931,800$0$0$81,038,405
100$152,839,719$0$0$89,158,122