Can I retire at age 40 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$77,707$77,015$76,339$75,680$75,037$72,116
2 years$38,469$37,752$37,058$36,385$35,732$32,825
3 years$25,391$24,672$23,979$23,312$22,670$19,868
4 years$18,854$18,136$17,451$16,795$16,168$13,493
5 years$14,932$14,219$13,542$12,900$12,291$9,748
6 years$12,319$11,611$10,944$10,316$9,725$7,318
7 years$10,453$9,751$9,095$8,482$7,909$5,636
8 years$9,054$8,358$7,713$7,115$6,562$4,420
9 years$7,966$7,277$6,643$6,060$5,526$3,512
10 years$7,097$6,415$5,792$5,224$4,708$2,820
11 years$6,386$5,711$5,099$4,547$4,049$2,281
12 years$5,794$5,125$4,525$3,988$3,509$1,857
13 years$5,293$4,632$4,043$3,521$3,060$1,518
14 years$4,865$4,210$3,633$3,125$2,682$1,247
15 years$4,493$3,846$3,280$2,787$2,362$1,027
16 years$4,169$3,529$2,974$2,496$2,087$848
17 years$3,883$3,250$2,706$2,242$1,851$701
18 years$3,629$3,003$2,470$2,021$1,646$581
19 years$3,402$2,783$2,261$1,826$1,467$482
20 years$3,198$2,586$2,075$1,654$1,310$401
21 years$3,014$2,409$1,909$1,501$1,172$333
22 years$2,847$2,249$1,759$1,365$1,051$277
23 years$2,694$2,103$1,624$1,243$943$231
24 years$2,554$1,971$1,502$1,134$848$192
25 years$2,426$1,849$1,391$1,035$763$160
26 years$2,308$1,738$1,290$947$687$134
27 years$2,199$1,636$1,198$866$620$112
28 years$2,097$1,541$1,114$794$559$93
29 years$2,003$1,454$1,037$728$505$78
30 years$1,915$1,373$966$668$456$65
31 years$1,834$1,298$900$614$412$54
32 years$1,757$1,228$840$564$373$45
33 years$1,685$1,163$784$519$338$38
34 years$1,618$1,102$733$477$306$31
35 years$1,554$1,046$685$439$277$26
36 years$1,495$992$641$404$251$22
37 years$1,438$943$600$373$227$18
38 years$1,385$896$562$344$206$15
39 years$1,334$852$526$317$187$13
40 years$1,286$810$493$292$170$11
41 years$1,241$771$463$270$154$9
42 years$1,198$735$434$249$140$7
43 years$1,157$700$407$230$127$6
44 years$1,118$667$382$212$115$5
45 years$1,081$636$359$196$104$4
46 years$1,045$607$337$181$95$4
47 years$1,012$579$317$167$86$3
48 years$979$553$298$154$78$3
49 years$948$528$280$143$71$2
50 years$919$504$263$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $941,000, adding $6,692 every year, while hoping to spend $48,997 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: 54/30/16 Blend
39$941,000$941,000$941,000$941,000
40$1,043,885$994,012$979,426$1,095,450
41$1,098,229$990,586$960,105$1,127,951
42$1,156,473$985,350$938,494$1,157,514
43$1,218,965$978,164$914,465$1,188,594
44$1,286,084$968,878$887,883$1,221,348
45$1,358,246$957,335$858,609$1,255,953
46$1,435,910$943,367$826,496$1,292,603
47$1,519,578$926,797$791,389$1,331,516
48$1,609,803$907,438$753,127$1,372,936
49$1,707,189$885,089$711,544$1,417,133
50$1,812,405$859,541$666,463$1,464,408
51$1,926,182$830,570$617,701$1,515,097
52$2,049,324$797,940$565,066$1,569,573
53$2,182,717$761,401$508,358$1,628,250
54$2,327,334$720,689$447,367$1,691,590
55$2,484,244$675,525$381,876$1,760,106
56$2,654,624$625,612$311,656$1,834,367
57$2,839,768$570,639$236,468$1,915,006
58$3,041,099$510,276$156,065$2,002,725
59$3,260,184$444,172$70,186$2,098,303
60$3,498,745$371,959$0$2,202,605
61$3,758,679$293,247$0$2,320,254
62$4,042,073$207,625$0$2,461,675
63$4,351,224$114,657$0$2,616,104
64$4,688,659$13,886$0$2,784,898
65$5,057,161$0$0$2,969,563
66$5,459,793$0$0$3,203,178
67$5,899,928$0$0$3,463,649
68$6,381,279$0$0$3,748,602
69$6,907,934$0$0$4,060,468
70$7,484,394$0$0$4,401,923
71$8,115,616$0$0$4,775,916
72$8,807,060$0$0$5,185,694
73$9,564,735$0$0$5,634,833
74$10,395,263$0$0$6,127,269
75$11,305,935$0$0$6,667,342
76$12,304,782$0$0$7,259,827
77$13,400,648$0$0$7,909,986
78$14,603,278$0$0$8,623,616
79$15,923,402$0$0$9,407,101
80$17,372,843$0$0$10,267,473
81$18,964,622$0$0$11,212,480
82$20,713,085$0$0$12,250,656
83$22,634,034$0$0$13,391,403
84$24,744,879$0$0$14,645,079
85$27,064,799$0$0$16,023,093
86$29,614,922$0$0$17,538,018
87$32,418,528$0$0$19,203,703
88$35,501,262$0$0$21,035,407
89$38,891,380$0$0$23,049,942
90$42,620,014$0$0$25,265,831
91$46,721,462$0$0$27,703,481
92$51,233,516$0$0$30,385,379
93$56,197,813$0$0$33,336,299
94$61,660,230$0$0$36,583,539
95$67,671,316$0$0$40,157,175
96$74,286,768$0$0$44,090,349
97$81,567,955$0$0$48,419,577
98$89,582,497$0$0$53,185,094
99$98,404,902$0$0$58,431,236
100$108,117,270$0$0$64,206,853