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%18.3%
1 years$77,294$76,606$75,934$75,278$74,638$72,133
2 years$38,264$37,552$36,861$36,191$35,542$33,043
3 years$25,256$24,540$23,852$23,188$22,549$20,135
4 years$18,753$18,040$17,358$16,706$16,082$13,771
5 years$14,853$14,143$13,470$12,832$12,226$10,023
6 years$12,253$11,549$10,886$10,262$9,674$7,582
7 years$10,397$9,699$9,046$8,437$7,867$5,886
8 years$9,006$8,314$7,672$7,077$6,527$4,655
9 years$7,924$7,239$6,608$6,028$5,496$3,731
10 years$7,059$6,381$5,761$5,196$4,683$3,022
11 years$6,352$5,680$5,072$4,522$4,028$2,467
12 years$5,763$5,098$4,501$3,967$3,490$2,027
13 years$5,265$4,607$4,021$3,502$3,044$1,673
14 years$4,839$4,188$3,613$3,109$2,668$1,387
15 years$4,470$3,826$3,262$2,772$2,349$1,154
16 years$4,147$3,510$2,958$2,482$2,076$962
17 years$3,862$3,233$2,691$2,230$1,841$805
18 years$3,610$2,987$2,457$2,010$1,637$674
19 years$3,384$2,768$2,249$1,816$1,459$565
20 years$3,181$2,573$2,064$1,645$1,303$474
21 years$2,998$2,396$1,899$1,493$1,166$399
22 years$2,831$2,237$1,750$1,357$1,045$336
23 years$2,680$2,092$1,616$1,236$938$283
24 years$2,541$1,960$1,494$1,128$843$238
25 years$2,413$1,839$1,384$1,030$759$201
26 years$2,296$1,729$1,284$942$684$169
27 years$2,187$1,627$1,192$862$616$143
28 years$2,086$1,533$1,108$790$556$120
29 years$1,993$1,446$1,031$724$502$102
30 years$1,905$1,366$960$665$454$86
31 years$1,824$1,291$895$610$410$73
32 years$1,748$1,222$835$561$371$61
33 years$1,676$1,157$780$516$336$52
34 years$1,609$1,097$729$475$304$44
35 years$1,546$1,040$681$437$275$37
36 years$1,487$987$637$402$250$31
37 years$1,430$938$597$371$226$26
38 years$1,377$891$559$342$205$22
39 years$1,327$847$523$315$186$19
40 years$1,280$806$491$291$169$16
41 years$1,235$767$460$268$153$13
42 years$1,192$731$432$247$139$11
43 years$1,151$696$405$228$126$10
44 years$1,112$664$380$211$114$8
45 years$1,075$633$357$195$104$7
46 years$1,040$604$335$180$94$6
47 years$1,006$576$315$166$86$5
48 years$974$550$296$154$78$4
49 years$943$525$278$142$71$4
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 $5,202 every year, while hoping to spend $57,441 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: 72/10/18 Blend
39$936,000$936,000$936,000$936,000
40$1,036,838$987,230$972,722$1,106,732
41$1,081,479$974,487$944,191$1,141,116
42$1,128,747$959,195$912,780$1,171,336
43$1,178,852$941,168$878,330$1,202,959
44$1,232,019$920,209$840,678$1,236,113
45$1,288,495$896,110$799,652$1,270,942
46$1,348,553$868,651$755,071$1,307,605
47$1,412,489$837,599$706,750$1,346,277
48$1,480,628$802,705$654,490$1,387,155
49$1,553,324$763,710$598,088$1,430,454
50$1,630,968$720,337$537,329$1,476,415
51$1,713,987$672,294$471,990$1,525,305
52$1,802,849$619,271$401,837$1,577,421
53$1,898,067$560,943$326,625$1,633,088
54$2,000,203$496,963$246,101$1,692,672
55$2,109,877$426,967$159,998$1,756,574
56$2,227,765$350,569$68,039$1,825,240
57$2,354,612$267,362$0$1,899,166
58$2,491,235$176,915$0$1,984,678
59$2,638,533$78,776$0$2,090,923
60$2,797,490$0$0$2,205,551
61$2,969,190$0$0$2,332,400
62$3,154,824$0$0$2,478,950
63$3,355,700$0$0$2,637,570
64$3,573,257$0$0$2,809,402
65$3,809,075$0$0$2,995,698
66$4,064,895$0$0$3,197,838
67$4,342,628$0$0$3,417,339
68$4,644,377$0$0$3,655,869
69$4,972,458$0$0$3,915,262
70$5,329,414$0$0$4,197,538
71$5,718,048$0$0$4,504,918
72$6,141,441$0$0$4,839,847
73$6,602,985$0$0$5,205,015
74$7,106,413$0$0$5,603,381
75$7,655,833$0$0$6,038,206
76$8,255,768$0$0$6,513,077
77$8,911,195$0$0$7,031,942
78$9,627,597$0$0$7,599,149
79$10,411,006$0$0$8,219,485
80$11,268,067$0$0$8,898,219
81$12,206,095$0$0$9,641,155
82$13,233,146$0$0$10,454,683
83$14,358,089$0$0$11,345,840
84$15,590,695$0$0$12,322,376
85$16,941,721$0$0$13,392,825
86$18,423,016$0$0$14,566,587
87$20,047,630$0$0$15,854,015
88$21,829,936$0$0$17,266,512
89$23,785,768$0$0$18,816,639
90$25,932,564$0$0$20,518,230
91$28,289,533$0$0$22,386,526
92$30,877,836$0$0$24,438,315
93$33,720,784$0$0$26,692,089
94$36,844,054$0$0$29,168,222
95$40,275,936$0$0$31,889,157
96$44,047,595$0$0$34,879,619
97$48,193,363$0$0$38,166,848
98$52,751,067$0$0$41,780,854
99$57,762,379$0$0$45,754,700
100$63,273,211$0$0$50,124,812