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%14.7%
1 years$77,294$76,606$75,934$75,278$74,638$73,191
2 years$38,264$37,552$36,861$36,191$35,542$34,090
3 years$25,256$24,540$23,852$23,188$22,549$21,137
4 years$18,753$18,040$17,358$16,706$16,082$14,722
5 years$14,853$14,143$13,470$12,832$12,226$10,920
6 years$12,253$11,549$10,886$10,262$9,674$8,425
7 years$10,397$9,699$9,046$8,437$7,867$6,675
8 years$9,006$8,314$7,672$7,077$6,527$5,391
9 years$7,924$7,239$6,608$6,028$5,496$4,416
10 years$7,059$6,381$5,761$5,196$4,683$3,658
11 years$6,352$5,680$5,072$4,522$4,028$3,056
12 years$5,763$5,098$4,501$3,967$3,490$2,571
13 years$5,265$4,607$4,021$3,502$3,044$2,175
14 years$4,839$4,188$3,613$3,109$2,668$1,848
15 years$4,470$3,826$3,262$2,772$2,349$1,577
16 years$4,147$3,510$2,958$2,482$2,076$1,349
17 years$3,862$3,233$2,691$2,230$1,841$1,158
18 years$3,610$2,987$2,457$2,010$1,637$996
19 years$3,384$2,768$2,249$1,816$1,459$858
20 years$3,181$2,573$2,064$1,645$1,303$740
21 years$2,998$2,396$1,899$1,493$1,166$640
22 years$2,831$2,237$1,750$1,357$1,045$554
23 years$2,680$2,092$1,616$1,236$938$479
24 years$2,541$1,960$1,494$1,128$843$416
25 years$2,413$1,839$1,384$1,030$759$361
26 years$2,296$1,729$1,284$942$684$313
27 years$2,187$1,627$1,192$862$616$272
28 years$2,086$1,533$1,108$790$556$236
29 years$1,993$1,446$1,031$724$502$205
30 years$1,905$1,366$960$665$454$179
31 years$1,824$1,291$895$610$410$155
32 years$1,748$1,222$835$561$371$135
33 years$1,676$1,157$780$516$336$118
34 years$1,609$1,097$729$475$304$103
35 years$1,546$1,040$681$437$275$89
36 years$1,487$987$637$402$250$78
37 years$1,430$938$597$371$226$68
38 years$1,377$891$559$342$205$59
39 years$1,327$847$523$315$186$51
40 years$1,280$806$491$291$169$45
41 years$1,235$767$460$268$153$39
42 years$1,192$731$432$247$139$34
43 years$1,151$696$405$228$126$30
44 years$1,112$664$380$211$114$26
45 years$1,075$633$357$195$104$23
46 years$1,040$604$335$180$94$20
47 years$1,006$576$315$166$86$17
48 years$974$550$296$154$78$15
49 years$943$525$278$142$71$13
50 years$914$502$262$131$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $936,000, adding $4,273 every year, while hoping to spend $24,567 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: 57/24/19 Blend
39$936,000$936,000$936,000$936,000
40$1,035,880$986,272$971,764$1,089,465
41$1,115,400$1,008,460$978,179$1,148,591
42$1,202,209$1,030,912$983,985$1,209,974
43$1,297,022$1,053,615$989,137$1,276,322
44$1,400,630$1,076,554$993,585$1,348,118
45$1,513,903$1,099,714$997,279$1,425,894
46$1,637,798$1,123,076$1,000,164$1,510,237
47$1,773,368$1,146,621$1,002,184$1,601,792
48$1,921,774$1,170,329$1,003,280$1,701,271
49$2,084,295$1,194,175$1,003,390$1,809,460
50$2,262,338$1,218,134$1,002,449$1,927,224
51$2,457,453$1,242,179$1,000,387$2,055,515
52$2,671,347$1,266,280$997,133$2,195,384
53$2,905,900$1,290,403$992,613$2,347,990
54$3,163,182$1,314,513$986,746$2,514,609
55$3,445,475$1,338,573$979,450$2,696,647
56$3,755,291$1,362,540$970,639$2,895,656
57$4,095,397$1,386,371$960,222$3,113,344
58$4,468,841$1,410,017$948,103$3,351,596
59$4,878,982$1,433,427$934,184$3,612,488
60$5,329,518$1,456,545$918,359$3,898,310
61$5,824,525$1,479,311$900,520$4,211,586
62$6,368,491$1,501,662$880,552$4,555,095
63$6,966,362$1,523,529$858,335$4,931,905
64$7,623,588$1,544,838$833,746$5,345,395
65$8,346,169$1,565,511$806,652$5,799,291
66$9,140,721$1,585,464$776,918$6,297,697
67$10,014,530$1,604,606$744,400$6,845,142
68$10,975,623$1,622,843$708,948$7,446,613
69$12,032,845$1,640,071$670,406$8,107,610
70$13,195,941$1,656,180$628,611$8,834,196
71$14,475,649$1,671,055$583,392$9,633,052
72$15,883,800$1,684,572$534,570$10,511,543
73$17,433,429$1,696,597$481,959$11,477,787
74$19,138,898$1,706,990$425,364$12,540,733
75$21,016,034$1,715,600$364,582$13,710,245
76$23,082,275$1,722,270$299,400$14,997,193
77$25,356,834$1,726,828$229,597$16,413,561
78$27,860,883$1,729,094$154,941$17,972,557
79$30,617,751$1,728,878$75,190$19,688,739
80$33,653,144$1,725,976$0$21,578,154
81$36,995,387$1,720,171$0$23,660,499
82$40,675,693$1,711,235$0$25,969,654
83$44,728,452$1,698,925$0$28,511,903
84$49,191,565$1,682,982$0$31,310,984
85$54,106,790$1,663,134$0$34,393,062
86$59,520,145$1,639,090$0$37,786,966
87$65,482,338$1,610,544$0$41,524,472
88$72,049,246$1,577,170$0$45,640,595
89$79,282,441$1,538,623$0$50,173,925
90$87,249,773$1,494,539$0$55,166,988
91$96,026,010$1,444,531$0$60,666,652
92$105,693,540$1,388,191$0$66,724,564
93$116,343,155$1,325,086$0$73,397,645
94$128,074,900$1,254,758$0$80,748,621
95$140,999,022$1,176,724$0$88,846,621
96$155,237,010$1,090,471$0$97,767,828
97$170,922,739$995,458$0$107,596,197
98$188,203,737$891,114$0$118,424,252
99$207,242,573$776,833$0$130,353,956
100$228,218,395$651,978$0$143,497,678