Can I retire at age 40 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$77,542$76,851$76,177$75,519$74,877$72,801
2 years$38,387$37,672$36,979$36,307$35,656$33,580
3 years$25,337$24,619$23,928$23,263$22,622$20,611
4 years$18,813$18,098$17,413$16,759$16,134$14,203
5 years$14,900$14,189$13,514$12,873$12,265$10,420
6 years$12,292$11,586$10,921$10,294$9,705$7,947
7 years$10,430$9,730$9,075$8,464$7,892$6,223
8 years$9,034$8,340$7,697$7,100$6,548$4,964
9 years$7,949$7,262$6,629$6,048$5,514$4,016
10 years$7,082$6,401$5,779$5,213$4,698$3,283
11 years$6,372$5,698$5,088$4,537$4,041$2,706
12 years$5,781$5,115$4,516$3,979$3,502$2,246
13 years$5,282$4,622$4,034$3,513$3,053$1,873
14 years$4,854$4,201$3,625$3,119$2,677$1,569
15 years$4,484$3,838$3,273$2,781$2,357$1,319
16 years$4,160$3,521$2,967$2,490$2,083$1,112
17 years$3,875$3,243$2,700$2,238$1,847$940
18 years$3,621$2,997$2,465$2,017$1,642$796
19 years$3,395$2,777$2,256$1,822$1,464$675
20 years$3,191$2,581$2,071$1,650$1,307$573
21 years$3,007$2,404$1,905$1,498$1,170$488
22 years$2,840$2,244$1,756$1,362$1,049$415
23 years$2,688$2,099$1,621$1,240$941$354
24 years$2,549$1,966$1,499$1,131$846$302
25 years$2,421$1,845$1,388$1,033$761$257
26 years$2,303$1,734$1,288$945$686$220
27 years$2,194$1,632$1,196$865$618$188
28 years$2,093$1,538$1,112$792$558$160
29 years$1,999$1,451$1,034$726$504$137
30 years$1,911$1,370$964$667$455$117
31 years$1,830$1,295$898$612$412$100
32 years$1,753$1,226$838$563$372$86
33 years$1,682$1,161$783$517$337$73
34 years$1,614$1,100$731$476$305$63
35 years$1,551$1,043$684$438$276$54
36 years$1,491$990$639$404$250$46
37 years$1,435$941$599$372$227$39
38 years$1,382$894$561$343$206$34
39 years$1,331$850$525$316$187$29
40 years$1,284$809$492$292$169$25
41 years$1,238$770$462$269$153$21
42 years$1,195$733$433$248$139$18
43 years$1,155$699$406$229$126$15
44 years$1,116$666$381$212$115$13
45 years$1,079$635$358$195$104$11
46 years$1,043$606$336$180$95$10
47 years$1,009$578$316$167$86$8
48 years$977$552$297$154$78$7
49 years$946$527$279$142$71$6
50 years$917$503$262$132$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $939,000, adding $3,151 every year, while hoping to spend $45,214 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: 71/5/24 Blend
39$939,000$939,000$939,000$939,000
40$1,038,028$988,261$973,707$1,105,257
41$1,095,800$988,579$958,219$1,150,892
42$1,157,949$987,396$940,696$1,195,236
43$1,224,874$984,593$921,024$1,242,702
44$1,297,012$980,040$899,080$1,293,597
45$1,374,846$973,600$874,738$1,348,258
46$1,458,904$965,130$847,864$1,407,059
47$1,549,766$954,475$818,321$1,470,411
48$1,648,070$941,472$785,963$1,538,769
49$1,754,519$925,950$750,639$1,612,637
50$1,869,883$907,725$712,188$1,692,568
51$1,995,011$886,603$670,447$1,779,175
52$2,130,835$862,381$625,240$1,873,135
53$2,278,383$834,839$576,388$1,975,194
54$2,438,781$803,750$523,700$2,086,176
55$2,613,273$768,869$466,980$2,206,991
56$2,803,223$729,940$406,020$2,338,643
57$3,010,135$686,690$340,605$2,482,242
58$3,235,663$638,833$270,510$2,639,009
59$3,481,627$586,062$195,498$2,810,296
60$3,750,032$528,058$115,326$2,997,592
61$4,043,082$464,479$29,736$3,202,542
62$4,363,205$394,968$0$3,426,961
63$4,713,074$319,144$0$3,688,626
64$5,095,632$236,606$0$3,983,123
65$5,514,119$146,932$0$4,305,341
66$5,972,100$49,673$0$4,658,047
67$6,473,506$0$0$5,044,290
68$7,022,661$0$0$5,470,488
69$7,624,329$0$0$5,940,483
70$8,283,756$0$0$6,455,646
71$9,006,719$0$0$7,020,497
72$9,799,582$0$0$7,640,012
73$10,669,354$0$0$8,319,677
74$11,623,754$0$0$9,065,529
75$12,671,286$0$0$9,884,221
76$13,821,316$0$0$10,783,082
77$15,084,162$0$0$11,770,182
78$16,471,191$0$0$12,854,414
79$17,994,922$0$0$14,045,573
80$19,669,150$0$0$15,354,451
81$21,509,070$0$0$16,792,935
82$23,531,421$0$0$18,374,124
83$25,754,648$0$0$20,112,445
84$28,199,070$0$0$22,023,796
85$30,887,072$0$0$24,125,692
86$33,843,318$0$0$26,437,427
87$37,094,984$0$0$28,980,264
88$40,672,008$0$0$31,777,626
89$44,607,378$0$0$34,855,322
90$48,937,442$0$0$38,241,790
91$53,702,245$0$0$41,968,360
92$58,945,914$0$0$46,069,557
93$64,717,067$0$0$50,583,419
94$71,069,276$0$0$55,551,860
95$78,061,569$0$0$61,021,064
96$85,758,987$0$0$67,041,918
97$94,233,199$0$0$73,670,495
98$103,563,174$0$0$80,968,582
99$113,835,930$0$0$89,004,260
100$125,147,350$0$0$97,852,550