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%16.3%
1 years$77,872$77,178$76,502$75,841$75,196$73,259
2 years$38,551$37,833$37,137$36,462$35,808$33,869
3 years$25,445$24,724$24,030$23,362$22,718$20,839
4 years$18,894$18,175$17,488$16,831$16,203$14,397
5 years$14,964$14,249$13,571$12,928$12,317$10,590
6 years$12,345$11,636$10,967$10,338$9,746$8,099
7 years$10,475$9,772$9,114$8,500$7,926$6,359
8 years$9,073$8,376$7,729$7,130$6,575$5,088
9 years$7,983$7,293$6,657$6,073$5,537$4,129
10 years$7,112$6,428$5,804$5,235$4,718$3,386
11 years$6,399$5,723$5,110$4,556$4,058$2,800
12 years$5,806$5,136$4,535$3,996$3,516$2,331
13 years$5,305$4,642$4,052$3,528$3,066$1,951
14 years$4,875$4,219$3,640$3,132$2,688$1,640
15 years$4,503$3,854$3,287$2,793$2,367$1,383
16 years$4,178$3,536$2,980$2,501$2,092$1,171
17 years$3,891$3,257$2,712$2,247$1,855$993
18 years$3,637$3,009$2,475$2,025$1,649$844
19 years$3,409$2,789$2,266$1,830$1,470$718
20 years$3,205$2,592$2,080$1,657$1,313$613
21 years$3,020$2,414$1,913$1,504$1,175$523
22 years$2,853$2,254$1,763$1,368$1,053$447
23 years$2,700$2,108$1,628$1,245$945$382
24 years$2,560$1,975$1,505$1,136$850$327
25 years$2,431$1,853$1,394$1,037$765$280
26 years$2,313$1,742$1,293$949$689$240
27 years$2,203$1,639$1,201$868$621$206
28 years$2,102$1,545$1,116$795$560$177
29 years$2,007$1,457$1,039$729$506$152
30 years$1,920$1,376$968$669$457$130
31 years$1,837$1,301$902$615$413$112
32 years$1,761$1,231$842$565$374$96
33 years$1,689$1,166$786$520$338$82
34 years$1,621$1,105$734$478$306$71
35 years$1,558$1,048$687$440$277$61
36 years$1,498$995$642$405$251$52
37 years$1,441$945$601$373$228$45
38 years$1,388$898$563$344$207$39
39 years$1,337$854$527$317$187$33
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$21
43 years$1,160$702$408$230$127$18
44 years$1,120$669$383$212$115$16
45 years$1,083$638$360$196$105$13
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$7
50 years$921$506$263$132$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $943,000, adding $5,757 every year, while hoping to spend $45,900 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: 72/19/9 Blend
39$943,000$943,000$943,000$943,000
40$1,045,124$995,145$980,529$1,118,280
41$1,102,890$995,070$964,539$1,167,309
42$1,165,009$993,453$946,476$1,214,727
43$1,231,877$990,170$926,220$1,265,380
44$1,303,930$985,089$903,649$1,319,578
45$1,381,643$978,071$878,634$1,377,658
46$1,465,541$968,967$851,039$1,439,994
47$1,556,201$957,621$820,723$1,507,000
48$1,654,255$943,865$787,539$1,579,131
49$1,760,399$927,525$751,331$1,656,889
50$1,875,398$908,412$711,939$1,740,829
51$2,000,093$886,329$669,194$1,831,564
52$2,135,409$861,066$622,919$1,929,770
53$2,282,364$832,401$572,930$2,036,193
54$2,442,076$800,100$519,034$2,151,656
55$2,615,777$763,914$461,031$2,277,067
56$2,804,820$723,580$398,709$2,413,429
57$3,010,696$678,819$331,850$2,561,849
58$3,235,045$629,339$260,225$2,723,549
59$3,479,671$574,828$183,594$2,899,876
60$3,746,560$514,957$101,707$3,092,318
61$4,037,899$449,380$14,304$3,302,515
62$4,356,093$377,728$0$3,532,280
63$4,703,793$299,615$0$3,791,194
64$5,083,915$214,631$0$4,075,837
65$5,499,670$122,344$0$4,387,297
66$5,954,593$22,295$0$4,728,287
67$6,452,578$0$0$5,101,801
68$6,997,912$0$0$5,529,118
69$7,595,316$0$0$6,002,388
70$8,249,990$0$0$6,521,074
71$8,967,658$0$0$7,089,720
72$9,754,628$0$0$7,713,328
73$10,617,845$0$0$8,397,408
74$11,564,960$0$0$9,148,029
75$12,604,400$0$0$9,971,878
76$13,745,447$0$0$10,876,318
77$14,998,325$0$0$11,869,461
78$16,374,299$0$0$12,960,243
79$17,885,775$0$0$14,158,508
80$19,546,424$0$0$15,475,100
81$21,371,301$0$0$16,921,966
82$23,376,998$0$0$18,512,267
83$25,581,788$0$0$20,260,503
84$28,005,808$0$0$22,182,648
85$30,671,240$0$0$24,296,303
86$33,602,525$0$0$26,620,858
87$36,826,590$0$0$29,177,677
88$40,373,102$0$0$31,990,298
89$44,274,750$0$0$35,084,656
90$48,567,549$0$0$38,489,327
91$53,291,182$0$0$42,235,794
92$58,489,373$0$0$46,358,748
93$64,210,297$0$0$50,896,413
94$70,507,039$0$0$55,890,905
95$77,438,087$0$0$61,388,632
96$85,067,892$0$0$67,440,728
97$93,467,467$0$0$74,103,538
98$102,715,062$0$0$81,439,145
99$112,896,900$0$0$89,515,961
100$124,107,990$0$0$98,409,368