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%19.4%
1 years$77,542$76,851$76,177$75,519$74,877$72,049
2 years$38,387$37,672$36,979$36,307$35,656$32,839
3 years$25,337$24,619$23,928$23,263$22,622$19,905
4 years$18,813$18,098$17,413$16,759$16,134$13,538
5 years$14,900$14,189$13,514$12,873$12,265$9,797
6 years$12,292$11,586$10,921$10,294$9,705$7,366
7 years$10,430$9,730$9,075$8,464$7,892$5,683
8 years$9,034$8,340$7,697$7,100$6,548$4,464
9 years$7,949$7,262$6,629$6,048$5,514$3,555
10 years$7,082$6,401$5,779$5,213$4,698$2,859
11 years$6,372$5,698$5,088$4,537$4,041$2,317
12 years$5,781$5,115$4,516$3,979$3,502$1,890
13 years$5,282$4,622$4,034$3,513$3,053$1,549
14 years$4,854$4,201$3,625$3,119$2,677$1,274
15 years$4,484$3,838$3,273$2,781$2,357$1,052
16 years$4,160$3,521$2,967$2,490$2,083$870
17 years$3,875$3,243$2,700$2,238$1,847$721
18 years$3,621$2,997$2,465$2,017$1,642$599
19 years$3,395$2,777$2,256$1,822$1,464$498
20 years$3,191$2,581$2,071$1,650$1,307$415
21 years$3,007$2,404$1,905$1,498$1,170$346
22 years$2,840$2,244$1,756$1,362$1,049$289
23 years$2,688$2,099$1,621$1,240$941$241
24 years$2,549$1,966$1,499$1,131$846$201
25 years$2,421$1,845$1,388$1,033$761$168
26 years$2,303$1,734$1,288$945$686$140
27 years$2,194$1,632$1,196$865$618$117
28 years$2,093$1,538$1,112$792$558$98
29 years$1,999$1,451$1,034$726$504$82
30 years$1,911$1,370$964$667$455$69
31 years$1,830$1,295$898$612$412$58
32 years$1,753$1,226$838$563$372$48
33 years$1,682$1,161$783$517$337$40
34 years$1,614$1,100$731$476$305$34
35 years$1,551$1,043$684$438$276$28
36 years$1,491$990$639$404$250$24
37 years$1,435$941$599$372$227$20
38 years$1,382$894$561$343$206$17
39 years$1,331$850$525$316$187$14
40 years$1,284$809$492$292$169$12
41 years$1,238$770$462$269$153$10
42 years$1,195$733$433$248$139$8
43 years$1,155$699$406$229$126$7
44 years$1,116$666$381$212$115$6
45 years$1,079$635$358$195$104$5
46 years$1,043$606$336$180$95$4
47 years$1,009$578$316$167$86$3
48 years$977$552$297$154$78$3
49 years$946$527$279$142$71$2
50 years$917$503$262$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $939,000, adding $4,050 every year, while hoping to spend $51,744 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: 65/26/9 Blend
39$939,000$939,000$939,000$939,000
40$1,038,956$989,189$974,634$1,104,308
41$1,089,874$982,604$952,229$1,141,761
42$1,144,252$973,962$927,339$1,176,182
43$1,202,387$963,108$899,827$1,212,452
44$1,264,607$949,876$869,548$1,250,746
45$1,331,270$934,093$836,350$1,291,261
46$1,402,769$915,574$800,078$1,334,212
47$1,479,536$894,121$760,565$1,379,840
48$1,562,045$869,529$717,640$1,428,412
49$1,650,814$841,577$671,122$1,480,224
50$1,746,416$810,033$620,823$1,535,604
51$1,849,476$774,650$566,546$1,594,915
52$1,960,683$735,169$508,087$1,658,561
53$2,080,795$691,314$445,229$1,726,990
54$2,210,641$642,794$377,750$1,800,695
55$2,351,137$589,301$305,414$1,880,227
56$2,503,285$530,509$227,979$1,966,193
57$2,668,192$466,076$145,187$2,059,268
58$2,847,070$395,636$56,774$2,160,197
59$3,041,256$318,807$0$2,269,806
60$3,252,218$235,182$0$2,392,620
61$3,481,572$144,334$0$2,532,093
62$3,731,095$45,809$0$2,683,920
63$4,002,743$0$0$2,849,369
64$4,298,668$0$0$3,047,261
65$4,621,239$0$0$3,277,314
66$4,973,061$0$0$3,528,289
67$5,357,003$0$0$3,802,238
68$5,776,223$0$0$4,101,423
69$6,234,196$0$0$4,428,333
70$6,734,751$0$0$4,785,708
71$7,282,098$0$0$5,176,563
72$7,880,878$0$0$5,604,222
73$8,536,198$0$0$6,072,341
74$9,253,682$0$0$6,584,947
75$10,039,522$0$0$7,146,476
76$10,900,541$0$0$7,761,811
77$11,844,249$0$0$8,436,332
78$12,878,918$0$0$9,175,963
79$14,013,659$0$0$9,987,228
80$15,258,509$0$0$10,877,315
81$16,624,521$0$0$11,854,140
82$18,123,869$0$0$12,926,422
83$19,769,966$0$0$14,103,767
84$21,577,585$0$0$15,396,754
85$23,562,999$0$0$16,817,039
86$25,744,138$0$0$18,377,464
87$28,140,752$0$0$20,092,171
88$30,774,597$0$0$21,976,745
89$33,669,644$0$0$24,048,354
90$36,852,301$0$0$26,325,911
91$40,351,662$0$0$28,830,255
92$44,199,782$0$0$31,584,343
93$48,431,976$0$0$34,613,471
94$53,087,154$0$0$37,945,507
95$58,208,186$0$0$41,611,156
96$63,842,306$0$0$45,644,251
97$70,041,559$0$0$50,082,067
98$76,863,287$0$0$54,965,676
99$84,370,672$0$0$60,340,334
100$92,633,332$0$0$66,255,904