Can I retire at age 40 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$77,955$77,260$76,583$75,922$75,276$73,816
2 years$38,591$37,873$37,176$36,501$35,846$34,381
3 years$25,472$24,750$24,055$23,386$22,742$21,318
4 years$18,914$18,194$17,506$16,849$16,220$14,848
5 years$14,980$14,264$13,586$12,941$12,330$11,013
6 years$12,358$11,648$10,979$10,349$9,756$8,497
7 years$10,486$9,782$9,124$8,509$7,934$6,732
8 years$9,082$8,385$7,738$7,138$6,582$5,437
9 years$7,992$7,301$6,664$6,080$5,543$4,454
10 years$7,119$6,435$5,810$5,241$4,723$3,689
11 years$6,406$5,729$5,115$4,561$4,062$3,082
12 years$5,812$5,142$4,540$4,001$3,520$2,593
13 years$5,310$4,647$4,056$3,532$3,070$2,193
14 years$4,880$4,224$3,644$3,135$2,691$1,864
15 years$4,508$3,858$3,290$2,796$2,369$1,590
16 years$4,182$3,540$2,983$2,504$2,094$1,361
17 years$3,895$3,260$2,714$2,250$1,857$1,168
18 years$3,641$3,013$2,478$2,027$1,651$1,004
19 years$3,413$2,792$2,268$1,832$1,471$865
20 years$3,208$2,595$2,082$1,659$1,314$747
21 years$3,023$2,417$1,915$1,506$1,176$645
22 years$2,856$2,256$1,765$1,369$1,054$558
23 years$2,703$2,110$1,630$1,247$946$484
24 years$2,562$1,977$1,507$1,137$851$419
25 years$2,434$1,855$1,396$1,039$765$364
26 years$2,315$1,744$1,295$950$689$316
27 years$2,206$1,641$1,202$869$622$274
28 years$2,104$1,546$1,118$796$561$238
29 years$2,010$1,459$1,040$730$506$207
30 years$1,922$1,378$969$670$458$180
31 years$1,839$1,302$903$616$414$157
32 years$1,763$1,232$843$566$374$136
33 years$1,691$1,167$787$520$339$119
34 years$1,623$1,106$735$479$307$103
35 years$1,559$1,049$687$441$278$90
36 years$1,499$996$643$406$252$78
37 years$1,443$946$602$374$228$68
38 years$1,389$899$564$345$207$59
39 years$1,339$855$528$318$188$52
40 years$1,291$813$495$293$170$45
41 years$1,245$774$464$270$154$39
42 years$1,202$737$435$250$140$34
43 years$1,161$702$408$230$127$30
44 years$1,122$669$383$213$115$26
45 years$1,084$638$360$196$105$23
46 years$1,049$609$338$181$95$20
47 years$1,015$581$318$168$86$17
48 years$982$555$298$155$78$15
49 years$951$530$281$143$71$13
50 years$922$506$264$132$65$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $944,000, adding $5,164 every year, while hoping to spend $26,764 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: 62/22/16 Blend
39$944,000$944,000$944,000$944,000
40$1,045,615$995,583$980,951$1,105,954
41$1,123,791$1,015,890$985,336$1,167,461
42$1,209,044$1,036,294$988,971$1,231,091
43$1,302,067$1,056,774$991,802$1,299,916
44$1,403,625$1,077,302$993,774$1,374,444
45$1,514,556$1,097,852$994,828$1,455,232
46$1,635,788$1,118,394$994,901$1,542,895
47$1,768,337$1,138,894$993,930$1,638,112
48$1,913,326$1,159,319$991,845$1,741,629
49$2,071,990$1,179,629$988,576$1,854,269
50$2,245,687$1,199,786$984,048$1,976,940
51$2,435,916$1,219,744$978,182$2,110,642
52$2,644,325$1,239,457$970,897$2,256,478
53$2,872,730$1,258,874$962,106$2,415,661
54$3,123,131$1,277,941$951,718$2,589,530
55$3,397,730$1,296,600$939,641$2,779,563
56$3,698,954$1,314,789$925,774$2,987,386
57$4,029,474$1,332,440$910,014$3,214,791
58$4,392,233$1,349,483$892,253$3,463,756
59$4,790,475$1,365,842$872,377$3,736,460
60$5,227,769$1,381,434$850,268$4,035,304
61$5,708,051$1,396,173$825,801$4,362,935
62$6,235,653$1,409,967$798,846$4,722,273
63$6,815,350$1,422,716$769,268$5,116,533
64$7,452,402$1,434,315$736,925$5,549,261
65$8,152,602$1,444,651$701,667$6,024,367
66$8,922,335$1,453,606$663,340$6,546,157
67$9,768,632$1,461,052$621,781$7,119,382
68$10,699,243$1,466,854$576,821$7,749,277
69$11,722,703$1,470,868$528,282$8,441,610
70$12,848,419$1,472,940$475,980$9,202,744
71$14,086,753$1,472,910$419,720$10,039,688
72$15,449,122$1,470,603$359,301$10,960,170
73$16,948,107$1,465,837$294,512$11,972,710
74$18,597,569$1,458,418$225,133$13,086,695
75$20,412,779$1,448,138$150,934$14,312,476
76$22,410,566$1,434,781$71,673$15,661,459
77$24,609,472$1,418,112$0$17,146,218
78$27,029,926$1,397,888$0$18,782,818
79$29,694,440$1,373,846$0$20,597,529
80$32,627,820$1,345,712$0$22,594,988
81$35,857,398$1,313,192$0$24,793,801
82$39,413,291$1,275,977$0$27,214,475
83$43,328,686$1,233,739$0$29,879,607
84$47,640,152$1,186,132$0$32,814,102
85$52,387,983$1,132,789$0$36,045,407
86$57,616,582$1,073,320$0$39,603,769
87$63,374,877$1,007,315$0$43,522,522
88$69,716,781$934,341$0$47,838,402
89$76,701,706$853,937$0$52,591,896
90$84,395,119$765,619$0$57,827,619
91$92,869,160$668,873$0$63,594,743
92$102,203,323$563,157$0$69,947,457
93$112,485,209$447,898$0$76,945,478
94$123,811,348$322,493$0$84,654,621
95$136,288,111$186,300$0$93,147,415
96$150,032,716$38,646$0$102,503,791
97$165,174,331$0$0$112,811,839
98$181,855,298$0$0$124,197,973
99$200,232,469$0$0$136,752,327
100$220,478,690$0$0$150,583,639