Can I retire at age 40 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$77,377$76,687$76,015$75,359$74,718$72,734
2 years$38,305$37,592$36,900$36,230$35,580$33,596
3 years$25,283$24,567$23,877$23,213$22,573$20,650
4 years$18,773$18,059$17,376$16,724$16,099$14,252
5 years$14,869$14,159$13,485$12,845$12,239$10,472
6 years$12,266$11,562$10,898$10,273$9,684$8,000
7 years$10,408$9,709$9,056$8,446$7,876$6,275
8 years$9,015$8,323$7,680$7,085$6,534$5,015
9 years$7,932$7,246$6,615$6,035$5,502$4,064
10 years$7,067$6,387$5,767$5,202$4,688$3,329
11 years$6,359$5,686$5,077$4,527$4,032$2,749
12 years$5,769$5,104$4,506$3,971$3,494$2,286
13 years$5,271$4,612$4,026$3,506$3,047$1,910
14 years$4,844$4,192$3,617$3,112$2,671$1,604
15 years$4,474$3,830$3,266$2,775$2,352$1,351
16 years$4,151$3,514$2,961$2,485$2,078$1,141
17 years$3,866$3,236$2,694$2,233$1,843$967
18 years$3,614$2,990$2,460$2,012$1,639$820
19 years$3,388$2,771$2,252$1,818$1,460$698
20 years$3,185$2,575$2,066$1,647$1,305$594
21 years$3,001$2,399$1,901$1,495$1,167$506
22 years$2,834$2,239$1,752$1,359$1,046$432
23 years$2,682$2,094$1,617$1,238$939$369
24 years$2,543$1,962$1,496$1,129$844$315
25 years$2,416$1,841$1,386$1,031$760$270
26 years$2,298$1,731$1,285$943$684$231
27 years$2,189$1,629$1,193$863$617$197
28 years$2,088$1,535$1,109$790$557$169
29 years$1,995$1,448$1,032$725$503$145
30 years$1,907$1,367$962$665$454$124
31 years$1,826$1,293$896$611$411$106
32 years$1,750$1,223$836$561$371$91
33 years$1,678$1,158$781$516$336$78
34 years$1,611$1,098$730$475$304$67
35 years$1,548$1,041$682$437$276$58
36 years$1,488$988$638$403$250$49
37 years$1,432$939$597$371$226$42
38 years$1,379$892$559$342$205$36
39 years$1,329$848$524$315$186$31
40 years$1,281$807$491$291$169$27
41 years$1,236$768$461$268$153$23
42 years$1,193$732$432$248$139$20
43 years$1,152$697$405$229$126$17
44 years$1,113$664$381$211$114$15
45 years$1,076$634$357$195$104$12
46 years$1,041$604$336$180$94$11
47 years$1,007$577$315$166$86$9
48 years$975$551$296$154$78$8
49 years$944$526$278$142$71$7
50 years$915$502$262$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $937,000, adding $3,325 every year, while hoping to spend $21,696 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: 63/8/29 Blend
39$937,000$937,000$937,000$937,000
40$1,036,004$986,343$971,819$1,093,031
41$1,118,592$1,011,589$981,291$1,157,392
42$1,208,877$1,037,345$990,353$1,225,007
43$1,307,620$1,063,614$998,968$1,298,406
44$1,415,662$1,090,396$1,007,098$1,378,160
45$1,533,927$1,117,692$1,014,702$1,464,898
46$1,663,431$1,145,502$1,021,738$1,559,314
47$1,805,295$1,173,826$1,028,161$1,662,173
48$1,960,753$1,202,662$1,033,923$1,774,316
49$2,131,165$1,232,007$1,038,974$1,896,673
50$2,318,027$1,261,859$1,043,263$2,030,267
51$2,522,987$1,292,211$1,046,734$2,176,225
52$2,747,862$1,323,060$1,049,330$2,335,791
53$2,994,652$1,354,397$1,050,989$2,510,334
54$3,265,559$1,386,215$1,051,650$2,701,364
55$3,563,010$1,418,504$1,051,244$2,910,546
56$3,889,678$1,451,252$1,049,703$3,139,712
57$4,248,509$1,484,447$1,046,951$3,390,885
58$4,642,747$1,518,074$1,042,914$3,666,293
59$5,075,964$1,552,117$1,037,509$3,968,392
60$5,552,099$1,586,558$1,030,652$4,299,887
61$6,075,489$1,621,375$1,022,254$4,663,763
62$6,650,912$1,656,546$1,012,223$5,063,307
63$7,283,634$1,692,046$1,000,462$5,502,143
64$7,979,455$1,727,846$986,868$5,984,266
65$8,744,766$1,763,917$971,334$6,514,078
66$9,586,608$1,800,224$953,749$7,096,430
67$10,512,738$1,836,732$933,997$7,736,673
68$11,531,706$1,873,400$911,954$8,440,698
69$12,652,928$1,910,185$887,492$9,215,004
70$13,886,782$1,947,039$860,478$10,066,751
71$15,244,701$1,983,912$830,772$11,003,830
72$16,739,285$2,020,747$798,227$12,034,941
73$18,384,414$2,057,486$762,690$13,169,668
74$20,195,385$2,094,063$724,000$14,418,579
75$22,189,051$2,130,409$681,991$15,793,319
76$24,383,983$2,166,449$636,487$17,306,722
77$26,800,646$2,202,101$587,306$18,972,933
78$29,461,588$2,237,280$534,257$20,807,544
79$32,391,655$2,271,892$477,139$22,827,736
80$35,618,225$2,305,836$415,745$25,052,447
81$39,171,469$2,339,007$349,857$27,502,548
82$43,084,629$2,371,288$279,248$30,201,041
83$47,394,338$2,402,558$203,679$33,173,276
84$52,140,962$2,432,685$122,904$36,447,195
85$57,368,983$2,461,530$36,664$40,053,589
86$63,127,415$2,488,941$0$44,026,393
87$69,470,272$2,514,759$0$48,420,144
88$76,457,071$2,538,814$0$53,272,146
89$84,153,401$2,560,924$0$58,616,562
90$92,631,533$2,580,895$0$64,503,552
91$101,971,112$2,598,521$0$70,988,390
92$112,259,899$2,613,583$0$78,131,986
93$123,594,606$2,625,846$0$86,001,465
94$136,081,806$2,635,062$0$94,670,792
95$149,838,937$2,640,967$0$104,221,479
96$164,995,414$2,643,280$0$114,743,348
97$181,693,849$2,641,703$0$126,335,383
98$200,091,394$2,635,919$0$139,106,661
99$220,361,229$2,625,592$0$153,177,386
100$242,694,194$2,610,365$0$168,680,017