Can I retire at age 40 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$77,789$77,097$76,421$75,761$75,116$74,394
2 years$38,510$37,792$37,097$36,423$35,770$35,042
3 years$25,418$24,698$24,004$23,337$22,694$21,983
4 years$18,874$18,155$17,469$16,813$16,185$15,498
5 years$14,948$14,234$13,557$12,914$12,304$11,641
6 years$12,332$11,623$10,956$10,327$9,736$9,098
7 years$10,464$9,761$9,104$8,491$7,918$7,306
8 years$9,063$8,367$7,721$7,123$6,568$5,983
9 years$7,975$7,285$6,650$6,067$5,532$4,971
10 years$7,104$6,421$5,798$5,230$4,713$4,178
11 years$6,393$5,717$5,104$4,551$4,054$3,543
12 years$5,800$5,131$4,530$3,992$3,513$3,027
13 years$5,299$4,637$4,047$3,525$3,063$2,601
14 years$4,870$4,215$3,636$3,129$2,685$2,246
15 years$4,498$3,850$3,283$2,790$2,364$1,948
16 years$4,173$3,533$2,977$2,498$2,089$1,695
17 years$3,887$3,253$2,709$2,245$1,853$1,479
18 years$3,633$3,006$2,473$2,023$1,647$1,294
19 years$3,406$2,786$2,264$1,828$1,468$1,135
20 years$3,202$2,589$2,077$1,656$1,312$997
21 years$3,017$2,412$1,911$1,503$1,174$877
22 years$2,850$2,251$1,761$1,366$1,052$773
23 years$2,697$2,105$1,626$1,244$944$682
24 years$2,557$1,973$1,504$1,135$849$603
25 years$2,429$1,851$1,393$1,036$764$533
26 years$2,310$1,740$1,292$948$688$471
27 years$2,201$1,637$1,200$867$620$417
28 years$2,100$1,543$1,115$795$560$370
29 years$2,005$1,456$1,038$729$505$328
30 years$1,918$1,375$967$669$457$291
31 years$1,836$1,299$901$614$413$258
32 years$1,759$1,230$841$564$373$229
33 years$1,687$1,164$785$519$338$203
34 years$1,619$1,104$734$478$306$181
35 years$1,556$1,047$686$440$277$161
36 years$1,496$994$642$405$251$143
37 years$1,440$944$600$373$228$127
38 years$1,386$897$562$344$206$113
39 years$1,336$853$527$317$187$100
40 years$1,288$811$494$292$170$89
41 years$1,242$772$463$270$154$79
42 years$1,199$736$434$249$140$71
43 years$1,158$701$408$230$127$63
44 years$1,119$668$383$212$115$56
45 years$1,082$637$359$196$104$50
46 years$1,047$608$337$181$95$44
47 years$1,013$580$317$167$86$39
48 years$980$554$298$155$78$35
49 years$949$529$280$143$71$31
50 years$920$505$263$132$65$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $942,000, adding $2,243 every year, while hoping to spend $30,203 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: 44/32/24 Blend
39$942,000$942,000$942,000$942,000
40$1,040,398$990,472$975,871$1,078,846
41$1,114,382$1,006,869$976,427$1,122,725
42$1,194,901$1,023,058$975,989$1,167,162
43$1,282,589$1,038,995$974,492$1,214,730
44$1,378,144$1,054,637$971,868$1,265,737
45$1,482,334$1,069,934$968,046$1,320,519
46$1,596,006$1,084,834$962,949$1,379,453
47$1,720,091$1,099,283$956,500$1,442,950
48$1,855,612$1,113,220$948,615$1,511,469
49$2,003,700$1,126,583$939,208$1,585,512
50$2,165,594$1,139,302$928,189$1,665,637
51$2,342,664$1,151,307$915,462$1,752,459
52$2,536,415$1,162,520$900,929$1,846,659
53$2,748,504$1,172,859$884,485$1,948,986
54$2,980,757$1,182,235$866,022$2,060,270
55$3,235,186$1,190,556$845,425$2,181,425
56$3,514,004$1,197,722$822,575$2,313,463
57$3,819,649$1,203,627$797,348$2,457,500
58$4,154,807$1,208,159$769,613$2,614,767
59$4,522,436$1,211,197$739,234$2,786,626
60$4,925,795$1,212,616$706,069$2,974,578
61$5,368,471$1,212,279$669,967$3,180,280
62$5,854,418$1,210,044$630,774$3,405,563
63$6,387,990$1,205,757$588,326$3,652,447
64$6,973,983$1,199,258$542,454$3,923,161
65$7,617,682$1,190,374$492,979$4,220,166
66$8,324,908$1,178,925$439,715$4,546,176
67$9,102,072$1,164,716$382,470$4,904,190
68$9,956,240$1,147,543$321,039$5,297,513
69$10,895,195$1,127,191$255,212$5,729,794
70$11,927,510$1,103,429$184,767$6,205,059
71$13,062,633$1,076,014$109,474$6,727,750
72$14,310,972$1,044,689$29,092$7,302,767
73$15,683,995$1,009,182$0$7,935,518
74$17,194,334$969,204$0$8,646,484
75$18,855,911$924,450$0$9,436,621
76$20,684,064$874,598$0$10,305,800
77$22,695,690$819,305$0$11,262,099
78$24,909,411$758,212$0$12,314,425
79$27,345,742$690,935$0$13,472,598
80$30,027,290$617,073$0$14,747,443
81$32,978,962$536,198$0$16,150,893
82$36,228,205$447,861$0$17,696,104
83$39,805,261$351,585$0$19,397,581
84$43,743,452$246,867$0$21,271,311
85$48,079,498$133,177$0$23,334,920
86$52,853,857$9,953$0$25,607,837
87$58,111,115$0$0$28,111,480
88$63,900,396$0$0$30,912,911
89$70,275,836$0$0$34,001,994
90$77,297,085$0$0$37,404,147
91$85,029,875$0$0$41,151,238
92$93,546,637$0$0$45,278,387
93$102,927,185$0$0$49,824,291
94$113,259,471$0$0$54,831,594
95$124,640,412$0$0$60,347,287
96$137,176,806$0$0$66,423,151
97$150,986,339$0$0$73,116,246
98$166,198,696$0$0$80,489,452
99$182,956,783$0$0$88,612,059
100$201,418,078$0$0$97,560,421