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%18.5%
1 years$77,707$77,015$76,339$75,680$75,037$72,461
2 years$38,469$37,752$37,058$36,385$35,732$33,163
3 years$25,391$24,672$23,979$23,312$22,670$20,188
4 years$18,854$18,136$17,451$16,795$16,168$13,794
5 years$14,932$14,219$13,542$12,900$12,291$10,029
6 years$12,319$11,611$10,944$10,316$9,725$7,578
7 years$10,453$9,751$9,095$8,482$7,909$5,876
8 years$9,054$8,358$7,713$7,115$6,562$4,641
9 years$7,966$7,277$6,643$6,060$5,526$3,716
10 years$7,097$6,415$5,792$5,224$4,708$3,006
11 years$6,386$5,711$5,099$4,547$4,049$2,451
12 years$5,794$5,125$4,525$3,988$3,509$2,011
13 years$5,293$4,632$4,043$3,521$3,060$1,658
14 years$4,865$4,210$3,633$3,125$2,682$1,373
15 years$4,493$3,846$3,280$2,787$2,362$1,140
16 years$4,169$3,529$2,974$2,496$2,087$950
17 years$3,883$3,250$2,706$2,242$1,851$793
18 years$3,629$3,003$2,470$2,021$1,646$663
19 years$3,402$2,783$2,261$1,826$1,467$555
20 years$3,198$2,586$2,075$1,654$1,310$465
21 years$3,014$2,409$1,909$1,501$1,172$391
22 years$2,847$2,249$1,759$1,365$1,051$328
23 years$2,694$2,103$1,624$1,243$943$276
24 years$2,554$1,971$1,502$1,134$848$232
25 years$2,426$1,849$1,391$1,035$763$195
26 years$2,308$1,738$1,290$947$687$164
27 years$2,199$1,636$1,198$866$620$138
28 years$2,097$1,541$1,114$794$559$117
29 years$2,003$1,454$1,037$728$505$98
30 years$1,915$1,373$966$668$456$83
31 years$1,834$1,298$900$614$412$70
32 years$1,757$1,228$840$564$373$59
33 years$1,685$1,163$784$519$338$50
34 years$1,618$1,102$733$477$306$42
35 years$1,554$1,046$685$439$277$35
36 years$1,495$992$641$404$251$30
37 years$1,438$943$600$373$227$25
38 years$1,385$896$562$344$206$21
39 years$1,334$852$526$317$187$18
40 years$1,286$810$493$292$170$15
41 years$1,241$771$463$270$154$13
42 years$1,198$735$434$249$140$11
43 years$1,157$700$407$230$127$9
44 years$1,118$667$382$212$115$8
45 years$1,081$636$359$196$104$6
46 years$1,045$607$337$181$95$5
47 years$1,012$579$317$167$86$5
48 years$979$553$298$154$78$4
49 years$948$528$280$143$71$3
50 years$919$504$263$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $941,000, adding $5,238 every year, while hoping to spend $33,758 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: 57/33/10 Blend
39$941,000$941,000$941,000$941,000
40$1,042,385$992,512$977,926$1,098,991
41$1,112,790$1,005,227$974,769$1,150,499
42$1,189,245$1,017,433$970,374$1,202,383
43$1,272,331$1,029,071$964,665$1,258,102
44$1,362,688$1,040,075$957,560$1,318,027
45$1,461,020$1,050,376$948,976$1,382,568
46$1,568,101$1,059,901$938,824$1,452,178
47$1,684,783$1,068,572$927,010$1,527,354
48$1,812,004$1,076,305$913,438$1,608,646
49$1,950,795$1,083,011$898,005$1,696,662
50$2,102,293$1,088,595$880,605$1,792,072
51$2,267,748$1,092,958$861,127$1,895,614
52$2,448,537$1,095,991$839,453$2,008,104
53$2,646,175$1,097,582$815,461$2,130,443
54$2,862,330$1,097,609$789,025$2,263,624
55$3,098,840$1,095,944$760,009$2,408,741
56$3,357,728$1,092,451$728,275$2,567,006
57$3,641,220$1,086,985$693,676$2,739,750
58$3,951,770$1,079,392$656,060$2,928,448
59$4,292,079$1,069,511$615,267$3,134,722
60$4,665,122$1,057,169$571,130$3,360,365
61$5,074,177$1,042,182$523,474$3,607,353
62$5,522,850$1,024,357$472,119$3,877,868
63$6,015,119$1,003,488$416,872$4,174,317
64$6,555,361$979,358$357,537$4,499,353
65$7,148,398$951,737$293,905$4,855,904
66$7,799,543$920,381$225,760$5,247,202
67$8,514,649$885,032$152,874$5,676,810
68$9,300,161$845,416$75,014$6,148,658
69$10,163,181$801,246$0$6,667,081
70$11,111,533$752,214$0$7,237,724
71$12,153,836$697,999$0$7,873,597
72$13,299,585$638,259$0$8,572,534
73$14,559,241$572,632$0$9,340,980
74$15,944,330$500,737$0$10,186,044
75$17,467,549$422,171$0$11,115,560
76$19,142,889$336,507$0$12,138,170
77$20,985,763$243,296$0$13,263,401
78$23,013,155$142,061$0$14,501,754
79$25,243,777$32,302$0$15,864,809
80$27,698,245$0$0$17,365,335
81$30,399,277$0$0$19,048,821
82$33,371,901$0$0$20,914,590
83$36,643,699$0$0$22,968,237
84$40,245,057$0$0$25,228,846
85$44,209,461$0$0$27,717,450
86$48,573,805$0$0$30,457,222
87$53,378,744$0$0$33,473,698
88$58,669,075$0$0$36,795,014
89$64,494,159$0$0$40,452,175
90$70,908,388$0$0$44,479,345
91$77,971,697$0$0$48,914,168
92$85,750,129$0$0$53,798,129
93$94,316,458$0$0$59,176,937
94$103,750,877$0$0$65,100,962
95$114,141,753$0$0$71,625,710
96$125,586,459$0$0$78,812,342
97$138,192,295$0$0$86,728,256
98$152,077,502$0$0$95,447,720
99$167,372,372$0$0$105,052,575
100$184,220,482$0$0$115,633,004