Can I retire at age 40 with 937,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$77,377$76,687$76,015$75,359$74,718$74,340
2 years$38,305$37,592$36,900$36,230$35,580$35,199
3 years$25,283$24,567$23,877$23,213$22,573$22,201
4 years$18,773$18,059$17,376$16,724$16,099$15,738
5 years$14,869$14,159$13,485$12,845$12,239$11,889
6 years$12,266$11,562$10,898$10,273$9,684$9,348
7 years$10,408$9,709$9,056$8,446$7,876$7,552
8 years$9,015$8,323$7,680$7,085$6,534$6,223
9 years$7,932$7,246$6,615$6,035$5,502$5,204
10 years$7,067$6,387$5,767$5,202$4,688$4,403
11 years$6,359$5,686$5,077$4,527$4,032$3,759
12 years$5,769$5,104$4,506$3,971$3,494$3,234
13 years$5,271$4,612$4,026$3,506$3,047$2,798
14 years$4,844$4,192$3,617$3,112$2,671$2,434
15 years$4,474$3,830$3,266$2,775$2,352$2,126
16 years$4,151$3,514$2,961$2,485$2,078$1,864
17 years$3,866$3,236$2,694$2,233$1,843$1,640
18 years$3,614$2,990$2,460$2,012$1,639$1,446
19 years$3,388$2,771$2,252$1,818$1,460$1,278
20 years$3,185$2,575$2,066$1,647$1,305$1,132
21 years$3,001$2,399$1,901$1,495$1,167$1,004
22 years$2,834$2,239$1,752$1,359$1,046$892
23 years$2,682$2,094$1,617$1,238$939$794
24 years$2,543$1,962$1,496$1,129$844$707
25 years$2,416$1,841$1,386$1,031$760$630
26 years$2,298$1,731$1,285$943$684$562
27 years$2,189$1,629$1,193$863$617$502
28 years$2,088$1,535$1,109$790$557$449
29 years$1,995$1,448$1,032$725$503$402
30 years$1,907$1,367$962$665$454$359
31 years$1,826$1,293$896$611$411$322
32 years$1,750$1,223$836$561$371$288
33 years$1,678$1,158$781$516$336$258
34 years$1,611$1,098$730$475$304$232
35 years$1,548$1,041$682$437$276$208
36 years$1,488$988$638$403$250$186
37 years$1,432$939$597$371$226$167
38 years$1,379$892$559$342$205$150
39 years$1,329$848$524$315$186$135
40 years$1,281$807$491$291$169$121
41 years$1,236$768$461$268$153$109
42 years$1,193$732$432$248$139$98
43 years$1,152$697$405$229$126$88
44 years$1,113$664$381$211$114$79
45 years$1,076$634$357$195$104$71
46 years$1,041$604$336$180$94$64
47 years$1,007$577$315$166$86$57
48 years$975$551$296$154$78$51
49 years$944$526$278$142$71$46
50 years$915$502$262$131$64$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $937,000, adding $3,822 every year, while hoping to spend $47,173 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: 74/10/16 Blend
39$937,000$937,000$937,000$937,000
40$1,036,516$986,855$972,332$1,109,226
41$1,092,049$985,020$954,713$1,156,048
42$1,151,666$981,513$934,923$1,201,159
43$1,215,732$976,203$912,840$1,249,335
44$1,284,651$968,952$888,334$1,300,868
45$1,358,864$959,609$861,272$1,356,081
46$1,438,857$948,019$831,514$1,415,331
47$1,525,164$934,015$798,913$1,479,011
48$1,618,369$917,420$763,315$1,547,554
49$1,719,117$898,048$724,560$1,621,439
50$1,828,115$875,700$682,481$1,701,196
51$1,946,140$850,167$636,901$1,787,407
52$2,074,048$821,227$587,639$1,880,717
53$2,212,779$788,645$534,503$1,981,835
54$2,363,366$752,173$477,293$2,091,547
55$2,526,948$711,547$415,800$2,210,717
56$2,704,774$666,490$349,807$2,340,300
57$2,898,220$616,708$279,085$2,481,351
58$3,108,802$561,890$203,397$2,635,033
59$3,338,184$501,706$122,495$2,802,627
60$3,588,199$435,811$36,120$2,985,552
61$3,860,867$363,837$0$3,185,368
62$4,158,406$285,396$0$3,413,370
63$4,483,262$200,079$0$3,669,093
64$4,838,126$107,454$0$3,948,511
65$5,225,959$7,063$0$4,253,993
66$5,650,022$0$0$4,588,148
67$6,113,908$0$0$4,965,026
68$6,621,568$0$0$5,378,360
69$7,177,357$0$0$5,830,921
70$7,786,069$0$0$6,326,618
71$8,452,983$0$0$6,869,756
72$9,183,914$0$0$7,465,075
73$9,985,264$0$0$8,117,797
74$10,864,087$0$0$8,833,673
75$11,828,149$0$0$9,619,035
76$12,886,008$0$0$10,480,860
77$14,047,087$0$0$11,426,833
78$15,321,768$0$0$12,465,418
79$16,721,485$0$0$13,605,941
80$18,258,835$0$0$14,858,671
81$19,947,696$0$0$16,234,925
82$21,803,353$0$0$17,747,168
83$23,842,650$0$0$19,409,133
84$26,084,138$0$0$21,235,948
85$28,548,258$0$0$23,244,282
86$31,257,530$0$0$25,452,497
87$34,236,764$0$0$27,880,825
88$37,513,295$0$0$30,551,556
89$41,117,241$0$0$33,489,249
90$45,081,783$0$0$36,720,961
91$49,443,482$0$0$40,276,506
92$54,242,620$0$0$44,188,731
93$59,523,581$0$0$48,493,830
94$65,335,269$0$0$53,231,682
95$71,731,568$0$0$58,446,226
96$78,771,850$0$0$64,185,879
97$86,521,537$0$0$70,503,987
98$95,052,713$0$0$77,459,334
99$104,444,807$0$0$85,116,690
100$114,785,341$0$0$93,547,426