Can I retire at age 40 with 941,000?

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 $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%15.7%
1 years$77,707$77,015$76,339$75,680$75,037$73,282
2 years$38,469$37,752$37,058$36,385$35,732$33,974
3 years$25,391$24,672$23,979$23,312$22,670$20,964
4 years$18,854$18,136$17,451$16,795$16,168$14,527
5 years$14,932$14,219$13,542$12,900$12,291$10,719
6 years$12,319$11,611$10,944$10,316$9,725$8,225
7 years$10,453$9,751$9,095$8,482$7,909$6,480
8 years$9,054$8,358$7,713$7,115$6,562$5,203
9 years$7,966$7,277$6,643$6,060$5,526$4,237
10 years$7,097$6,415$5,792$5,224$4,708$3,488
11 years$6,386$5,711$5,099$4,547$4,049$2,895
12 years$5,794$5,125$4,525$3,988$3,509$2,420
13 years$5,293$4,632$4,043$3,521$3,060$2,034
14 years$4,865$4,210$3,633$3,125$2,682$1,716
15 years$4,493$3,846$3,280$2,787$2,362$1,454
16 years$4,169$3,529$2,974$2,496$2,087$1,236
17 years$3,883$3,250$2,706$2,242$1,851$1,053
18 years$3,629$3,003$2,470$2,021$1,646$899
19 years$3,402$2,783$2,261$1,826$1,467$769
20 years$3,198$2,586$2,075$1,654$1,310$658
21 years$3,014$2,409$1,909$1,501$1,172$565
22 years$2,847$2,249$1,759$1,365$1,051$485
23 years$2,694$2,103$1,624$1,243$943$417
24 years$2,554$1,971$1,502$1,134$848$358
25 years$2,426$1,849$1,391$1,035$763$308
26 years$2,308$1,738$1,290$947$687$266
27 years$2,199$1,636$1,198$866$620$229
28 years$2,097$1,541$1,114$794$559$197
29 years$2,003$1,454$1,037$728$505$170
30 years$1,915$1,373$966$668$456$147
31 years$1,834$1,298$900$614$412$127
32 years$1,757$1,228$840$564$373$109
33 years$1,685$1,163$784$519$338$94
34 years$1,618$1,102$733$477$306$81
35 years$1,554$1,046$685$439$277$70
36 years$1,495$992$641$404$251$61
37 years$1,438$943$600$373$227$52
38 years$1,385$896$562$344$206$45
39 years$1,334$852$526$317$187$39
40 years$1,286$810$493$292$170$34
41 years$1,241$771$463$270$154$29
42 years$1,198$735$434$249$140$25
43 years$1,157$700$407$230$127$22
44 years$1,118$667$382$212$115$19
45 years$1,081$636$359$196$104$16
46 years$1,045$607$337$181$95$14
47 years$1,012$579$317$167$86$12
48 years$979$553$298$154$78$11
49 years$948$528$280$143$71$9
50 years$919$504$263$132$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $941,000, adding $4,942 every year, while hoping to spend $51,161 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: 35/36/29 Blend
39$941,000$941,000$941,000$941,000
40$1,042,080$992,207$977,621$1,069,313
41$1,093,937$986,390$955,937$1,084,373
42$1,149,369$978,573$931,811$1,095,678
43$1,208,686$968,605$905,108$1,106,901
44$1,272,229$956,324$875,687$1,118,069
45$1,340,372$941,559$843,397$1,129,217
46$1,413,524$924,130$808,085$1,140,388
47$1,492,136$903,844$769,588$1,151,636
48$1,576,700$880,499$727,736$1,163,023
49$1,667,759$853,879$682,351$1,174,624
50$1,765,909$823,758$633,248$1,186,527
51$1,871,804$789,894$580,234$1,198,835
52$1,986,161$752,032$523,105$1,211,670
53$2,109,771$709,903$461,651$1,225,170
54$2,243,501$663,222$395,650$1,239,497
55$2,388,306$611,688$324,871$1,254,835
56$2,545,234$554,981$249,075$1,271,397
57$2,715,438$492,765$168,009$1,289,425
58$2,900,187$424,684$81,412$1,309,195
59$3,100,874$350,363$0$1,331,022
60$3,319,035$269,402$0$1,358,666
61$3,556,358$181,384$0$1,416,231
62$3,814,699$85,865$0$1,479,046
63$4,096,102$0$0$1,547,724
64$4,402,816$0$0$1,629,924
65$4,737,315$0$0$1,756,791
66$5,102,324$0$0$1,895,358
67$5,500,840$0$0$2,046,778
68$5,936,165$0$0$2,212,324
69$6,411,931$0$0$2,393,393
70$6,932,139$0$0$2,591,527
71$7,501,193$0$0$2,808,422
72$8,123,943$0$0$3,045,946
73$8,805,728$0$0$3,306,156
74$9,552,430$0$0$3,591,317
75$10,370,524$0$0$3,903,924
76$11,267,142$0$0$4,246,726
77$12,250,137$0$0$4,622,748
78$13,328,161$0$0$5,035,325
79$14,510,741$0$0$5,488,128
80$15,808,373$0$0$5,985,202
81$17,232,615$0$0$6,531,001
82$18,796,201$0$0$7,130,434
83$20,513,158$0$0$7,788,908
84$22,398,936$0$0$8,512,377
85$24,470,557$0$0$9,307,404
86$26,746,771$0$0$10,181,217
87$29,248,236$0$0$11,141,779
88$31,997,709$0$0$12,197,864
89$35,020,263$0$0$13,359,138
90$38,343,518$0$0$14,636,250
91$41,997,908$0$0$16,040,934
92$46,016,962$0$0$17,586,117
93$50,437,620$0$0$19,286,042
94$55,300,583$0$0$21,156,402
95$60,650,696$0$0$23,214,490
96$66,537,368$0$0$25,479,358
97$73,015,040$0$0$27,971,996
98$80,143,696$0$0$30,715,537
99$87,989,431$0$0$33,735,467
100$96,625,070$0$0$37,059,868