Can I retire at age 40 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$77,872$77,178$76,502$75,841$75,196$73,289
2 years$38,551$37,833$37,137$36,462$35,808$33,899
3 years$25,445$24,724$24,030$23,362$22,718$20,867
4 years$18,894$18,175$17,488$16,831$16,203$14,423
5 years$14,964$14,249$13,571$12,928$12,317$10,615
6 years$12,345$11,636$10,967$10,338$9,746$8,123
7 years$10,475$9,772$9,114$8,500$7,926$6,382
8 years$9,073$8,376$7,729$7,130$6,575$5,109
9 years$7,983$7,293$6,657$6,073$5,537$4,148
10 years$7,112$6,428$5,804$5,235$4,718$3,404
11 years$6,399$5,723$5,110$4,556$4,058$2,817
12 years$5,806$5,136$4,535$3,996$3,516$2,346
13 years$5,305$4,642$4,052$3,528$3,066$1,965
14 years$4,875$4,219$3,640$3,132$2,688$1,653
15 years$4,503$3,854$3,287$2,793$2,367$1,395
16 years$4,178$3,536$2,980$2,501$2,092$1,182
17 years$3,891$3,257$2,712$2,247$1,855$1,003
18 years$3,637$3,009$2,475$2,025$1,649$853
19 years$3,409$2,789$2,266$1,830$1,470$727
20 years$3,205$2,592$2,080$1,657$1,313$620
21 years$3,020$2,414$1,913$1,504$1,175$530
22 years$2,853$2,254$1,763$1,368$1,053$453
23 years$2,700$2,108$1,628$1,245$945$388
24 years$2,560$1,975$1,505$1,136$850$332
25 years$2,431$1,853$1,394$1,037$765$285
26 years$2,313$1,742$1,293$949$689$244
27 years$2,203$1,639$1,201$868$621$210
28 years$2,102$1,545$1,116$795$560$180
29 years$2,007$1,457$1,039$729$506$155
30 years$1,920$1,376$968$669$457$133
31 years$1,837$1,301$902$615$413$114
32 years$1,761$1,231$842$565$374$98
33 years$1,689$1,166$786$520$338$84
34 years$1,621$1,105$734$478$306$72
35 years$1,558$1,048$687$440$277$62
36 years$1,498$995$642$405$251$54
37 years$1,441$945$601$373$228$46
38 years$1,388$898$563$344$207$40
39 years$1,337$854$527$317$187$34
40 years$1,289$812$494$293$170$29
41 years$1,244$773$464$270$154$25
42 years$1,201$736$435$249$140$22
43 years$1,160$702$408$230$127$19
44 years$1,120$669$383$212$115$16
45 years$1,083$638$360$196$105$14
46 years$1,048$608$338$181$95$12
47 years$1,014$581$317$167$86$10
48 years$981$554$298$155$78$9
49 years$950$529$280$143$71$8
50 years$921$506$263$132$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $943,000, adding $6,111 every year, while hoping to spend $39,173 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: 65/5/30 Blend
39$943,000$943,000$943,000$943,000
40$1,045,489$995,510$980,894$1,104,728
41$1,110,450$1,002,611$972,074$1,152,678
42$1,180,723$1,008,746$961,646$1,200,207
43$1,256,810$1,013,828$949,514$1,251,319
44$1,339,260$1,017,761$935,579$1,306,375
45$1,428,680$1,020,447$919,736$1,365,768
46$1,525,734$1,021,778$901,876$1,429,938
47$1,631,155$1,021,640$881,885$1,499,366
48$1,745,747$1,019,915$859,642$1,574,586
49$1,870,396$1,016,474$835,023$1,656,187
50$2,006,077$1,011,182$807,897$1,744,820
51$2,153,862$1,003,894$778,126$1,841,202
52$2,314,930$994,459$745,568$1,946,127
53$2,490,581$982,716$710,072$2,060,469
54$2,682,243$968,492$671,482$2,185,196
55$2,891,490$951,606$629,635$2,321,374
56$3,120,053$931,866$584,359$2,470,181
57$3,369,839$909,068$535,476$2,632,915
58$3,642,946$882,996$482,798$2,811,012
59$3,941,687$853,423$426,132$3,006,054
60$4,268,604$820,106$365,273$3,219,789
61$4,626,500$782,789$300,008$3,454,144
62$5,018,460$741,203$230,115$3,711,246
63$5,447,882$695,061$155,363$3,993,442
64$5,918,508$644,061$75,509$4,303,322
65$6,434,458$587,882$0$4,643,743
66$7,000,271$526,187$0$5,020,964
67$7,620,946$458,617$0$5,461,351
68$8,301,990$384,797$0$5,944,630
69$9,049,467$304,326$0$6,475,126
70$9,870,057$216,783$0$7,057,600
71$10,771,121$121,723$0$7,697,299
72$11,760,764$18,676$0$8,400,006
73$12,847,917$0$0$9,172,089
74$14,042,417$0$0$10,025,678
75$15,355,103$0$0$10,964,918
76$16,797,914$0$0$11,997,334
77$18,384,004$0$0$13,132,348
78$20,127,866$0$0$14,380,338
79$22,045,465$0$0$15,752,741
80$24,154,393$0$0$17,262,156
81$26,474,031$0$0$18,922,464
82$29,025,733$0$0$20,748,960
83$31,833,025$0$0$22,758,496
84$34,921,832$0$0$24,969,638
85$38,320,715$0$0$27,402,844
86$42,061,144$0$0$30,080,656
87$46,177,797$0$0$33,027,910
88$50,708,880$0$0$36,271,974
89$55,696,494$0$0$39,843,001
90$61,187,026$0$0$43,774,219
91$67,231,592$0$0$48,102,239
92$73,886,513$0$0$52,867,403
93$81,213,851$0$0$58,114,164
94$89,281,991$0$0$63,891,504
95$98,166,288$0$0$70,253,399
96$107,949,776$0$0$77,259,323
97$118,723,951$0$0$84,974,814
98$130,589,636$0$0$93,472,088
99$143,657,929$0$0$102,830,725
100$158,051,255$0$0$113,138,414