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%20%
1 years$77,377$76,687$76,015$75,359$74,718$71,725
2 years$38,305$37,592$36,900$36,230$35,580$32,602
3 years$25,283$24,567$23,877$23,213$22,573$19,705
4 years$18,773$18,059$17,376$16,724$16,099$13,362
5 years$14,869$14,159$13,485$12,845$12,239$9,638
6 years$12,266$11,562$10,898$10,273$9,684$7,223
7 years$10,408$9,709$9,056$8,446$7,876$5,553
8 years$9,015$8,323$7,680$7,085$6,534$4,347
9 years$7,932$7,246$6,615$6,035$5,502$3,448
10 years$7,067$6,387$5,767$5,202$4,688$2,763
11 years$6,359$5,686$5,077$4,527$4,032$2,231
12 years$5,769$5,104$4,506$3,971$3,494$1,812
13 years$5,271$4,612$4,026$3,506$3,047$1,479
14 years$4,844$4,192$3,617$3,112$2,671$1,212
15 years$4,474$3,830$3,266$2,775$2,352$996
16 years$4,151$3,514$2,961$2,485$2,078$820
17 years$3,866$3,236$2,694$2,233$1,843$677
18 years$3,614$2,990$2,460$2,012$1,639$560
19 years$3,388$2,771$2,252$1,818$1,460$464
20 years$3,185$2,575$2,066$1,647$1,305$384
21 years$3,001$2,399$1,901$1,495$1,167$319
22 years$2,834$2,239$1,752$1,359$1,046$265
23 years$2,682$2,094$1,617$1,238$939$220
24 years$2,543$1,962$1,496$1,129$844$183
25 years$2,416$1,841$1,386$1,031$760$152
26 years$2,298$1,731$1,285$943$684$126
27 years$2,189$1,629$1,193$863$617$105
28 years$2,088$1,535$1,109$790$557$88
29 years$1,995$1,448$1,032$725$503$73
30 years$1,907$1,367$962$665$454$61
31 years$1,826$1,293$896$611$411$51
32 years$1,750$1,223$836$561$371$42
33 years$1,678$1,158$781$516$336$35
34 years$1,611$1,098$730$475$304$29
35 years$1,548$1,041$682$437$276$24
36 years$1,488$988$638$403$250$20
37 years$1,432$939$597$371$226$17
38 years$1,379$892$559$342$205$14
39 years$1,329$848$524$315$186$12
40 years$1,281$807$491$291$169$10
41 years$1,236$768$461$268$153$8
42 years$1,193$732$432$248$139$7
43 years$1,152$697$405$229$126$6
44 years$1,113$664$381$211$114$5
45 years$1,076$634$357$195$104$4
46 years$1,041$604$336$180$94$3
47 years$1,007$577$315$166$86$3
48 years$975$551$296$154$78$2
49 years$944$526$278$142$71$2
50 years$915$502$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $937,000, adding $4,769 every year, while hoping to spend $45,762 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: 76/5/19 Blend
39$937,000$937,000$937,000$937,000
40$1,037,493$987,832$973,309$1,111,432
41$1,094,627$987,546$957,224$1,160,738
42$1,156,055$985,711$939,067$1,208,656
43$1,222,166$982,205$918,720$1,259,982
44$1,293,389$976,895$896,059$1,315,046
45$1,370,193$969,641$870,955$1,374,206
46$1,453,095$960,296$843,274$1,437,862
47$1,542,662$948,702$812,875$1,506,454
48$1,639,518$934,692$779,610$1,580,465
49$1,744,347$918,090$743,325$1,660,430
50$1,857,903$898,709$703,859$1,746,938
51$1,981,014$876,350$661,044$1,840,641
52$2,114,590$850,805$614,702$1,942,255
53$2,259,635$821,851$564,651$2,052,572
54$2,417,249$789,252$510,697$2,172,465
55$2,588,643$752,761$452,641$2,302,895
56$2,775,153$712,114$390,273$2,444,926
57$2,978,244$667,033$323,372$2,599,728
58$3,199,531$617,224$251,712$2,768,594
59$3,440,791$562,376$175,052$2,952,949
60$3,703,979$502,160$93,143$3,154,363
61$3,991,248$436,228$5,726$3,374,571
62$4,304,966$364,214$0$3,615,484
63$4,647,741$285,730$0$3,896,963
64$5,022,445$200,365$0$4,205,974
65$5,432,239$107,687$0$4,543,980
66$5,880,603$7,240$0$4,913,870
67$6,371,370$0$0$5,318,829
68$6,908,760$0$0$5,767,948
69$7,497,421$0$0$6,260,387
70$8,142,470$0$0$6,800,034
71$8,849,543$0$0$7,391,610
72$9,624,849$0$0$8,040,313
73$10,475,225$0$0$8,751,868
74$11,408,202$0$0$9,532,582
75$12,432,074$0$0$10,389,401
76$13,555,978$0$0$11,329,978
77$14,789,979$0$0$12,362,741
78$16,145,164$0$0$13,496,975
79$17,633,746$0$0$14,742,907
80$19,269,180$0$0$16,111,805
81$21,066,286$0$0$17,616,083
82$23,041,395$0$0$19,269,414
83$25,212,494$0$0$21,086,864
84$27,599,403$0$0$23,085,031
85$30,223,957$0$0$25,282,202
86$33,110,211$0$0$27,698,522
87$36,284,671$0$0$30,356,190
88$39,776,539$0$0$33,279,661
89$43,617,988$0$0$36,495,881
90$47,844,469$0$0$40,034,539
91$52,495,040$0$0$43,928,346
92$57,612,738$0$0$48,213,345
93$63,244,982$0$0$52,929,251
94$69,444,021$0$0$58,119,820
95$76,267,426$0$0$63,833,268
96$83,778,631$0$0$70,122,723
97$92,047,535$0$0$77,046,724
98$101,151,158$0$0$84,669,774
99$111,174,365$0$0$93,062,951
100$122,210,671$0$0$102,304,572