Can I retire at age 40 with 939,000?

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 $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%18.5%
1 years$77,542$76,851$76,177$75,519$74,877$72,307
2 years$38,387$37,672$36,979$36,307$35,656$33,092
3 years$25,337$24,619$23,928$23,263$22,622$20,146
4 years$18,813$18,098$17,413$16,759$16,134$13,764
5 years$14,900$14,189$13,514$12,873$12,265$10,008
6 years$12,292$11,586$10,921$10,294$9,705$7,562
7 years$10,430$9,730$9,075$8,464$7,892$5,864
8 years$9,034$8,340$7,697$7,100$6,548$4,632
9 years$7,949$7,262$6,629$6,048$5,514$3,708
10 years$7,082$6,401$5,779$5,213$4,698$2,999
11 years$6,372$5,698$5,088$4,537$4,041$2,445
12 years$5,781$5,115$4,516$3,979$3,502$2,006
13 years$5,282$4,622$4,034$3,513$3,053$1,654
14 years$4,854$4,201$3,625$3,119$2,677$1,370
15 years$4,484$3,838$3,273$2,781$2,357$1,138
16 years$4,160$3,521$2,967$2,490$2,083$947
17 years$3,875$3,243$2,700$2,238$1,847$791
18 years$3,621$2,997$2,465$2,017$1,642$661
19 years$3,395$2,777$2,256$1,822$1,464$554
20 years$3,191$2,581$2,071$1,650$1,307$464
21 years$3,007$2,404$1,905$1,498$1,170$390
22 years$2,840$2,244$1,756$1,362$1,049$327
23 years$2,688$2,099$1,621$1,240$941$275
24 years$2,549$1,966$1,499$1,131$846$232
25 years$2,421$1,845$1,388$1,033$761$195
26 years$2,303$1,734$1,288$945$686$164
27 years$2,194$1,632$1,196$865$618$138
28 years$2,093$1,538$1,112$792$558$116
29 years$1,999$1,451$1,034$726$504$98
30 years$1,911$1,370$964$667$455$83
31 years$1,830$1,295$898$612$412$70
32 years$1,753$1,226$838$563$372$59
33 years$1,682$1,161$783$517$337$50
34 years$1,614$1,100$731$476$305$42
35 years$1,551$1,043$684$438$276$35
36 years$1,491$990$639$404$250$30
37 years$1,435$941$599$372$227$25
38 years$1,382$894$561$343$206$21
39 years$1,331$850$525$316$187$18
40 years$1,284$809$492$292$169$15
41 years$1,238$770$462$269$153$13
42 years$1,195$733$433$248$139$11
43 years$1,155$699$406$229$126$9
44 years$1,116$666$381$212$115$8
45 years$1,079$635$358$195$104$6
46 years$1,043$606$336$180$95$5
47 years$1,009$578$316$167$86$5
48 years$977$552$297$154$78$4
49 years$946$527$279$142$71$3
50 years$917$503$262$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $939,000, adding $3,800 every year, while hoping to spend $42,446 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: 48/29/23 Blend
39$939,000$939,000$939,000$939,000
40$1,038,698$988,931$974,376$1,081,608
41$1,099,483$992,226$961,856$1,115,266
42$1,165,045$994,260$947,493$1,147,252
43$1,235,827$994,927$931,182$1,181,122
44$1,312,316$994,112$912,810$1,217,074
45$1,395,045$991,697$892,262$1,255,326
46$1,484,602$987,552$869,415$1,296,120
47$1,581,632$981,543$844,142$1,339,728
48$1,686,846$973,526$816,308$1,386,448
49$1,801,024$963,349$785,774$1,436,615
50$1,925,026$950,850$752,394$1,490,599
51$2,059,794$935,857$716,016$1,548,811
52$2,206,369$918,191$676,478$1,611,708
53$2,365,894$897,657$633,616$1,679,797
54$2,539,627$874,053$587,253$1,753,640
55$2,728,950$847,164$537,208$1,833,860
56$2,935,389$816,761$483,290$1,921,148
57$3,160,620$782,603$425,301$2,016,271
58$3,406,487$744,435$363,033$2,120,078
59$3,675,022$701,986$296,268$2,233,509
60$3,968,462$654,971$224,781$2,357,608
61$4,289,269$603,087$148,334$2,493,528
62$4,640,152$546,016$66,681$2,642,548
63$5,024,096$483,420$0$2,806,082
64$5,444,389$414,943$0$2,990,718
65$5,904,648$340,206$0$3,210,957
66$6,408,859$258,813$0$3,452,404
67$6,961,410$170,343$0$3,717,252
68$7,567,136$74,351$0$4,007,924
69$8,231,359$0$0$4,327,090
70$8,959,942$0$0$4,687,158
71$9,759,344$0$0$5,108,363
72$10,636,677$0$0$5,570,738
73$11,599,778$0$0$6,078,427
74$12,657,277$0$0$6,635,994
75$13,818,682$0$0$7,248,466
76$15,094,467$0$0$7,921,382
77$16,496,170$0$0$8,660,842
78$18,036,502$0$0$9,473,570
79$19,729,466$0$0$10,366,969
80$21,590,489$0$0$11,349,198
81$23,636,568$0$0$12,429,246
82$25,886,428$0$0$13,617,015
83$28,360,700$0$0$14,923,416
84$31,082,115$0$0$16,360,470
85$34,075,715$0$0$17,941,422
86$37,369,095$0$0$19,680,865
87$40,992,655$0$0$21,594,878
88$44,979,893$0$0$23,701,177
89$49,367,719$0$0$26,019,282
90$54,196,799$0$0$28,570,703
91$59,511,942$0$0$31,379,138
92$65,362,523$0$0$34,470,702
93$71,802,945$0$0$37,874,169
94$78,893,152$0$0$41,621,243
95$86,699,200$0$0$45,746,863
96$95,293,872$0$0$50,289,524
97$104,757,368$0$0$55,291,645
98$115,178,061$0$0$60,799,969
99$126,653,331$0$0$66,866,003
100$139,290,483$0$0$73,546,502