Can I retire at age 40 with 944,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.1%
1 years$77,955$77,260$76,583$75,922$75,276$73,101
2 years$38,591$37,873$37,176$36,501$35,846$33,671
3 years$25,472$24,750$24,055$23,386$22,742$20,637
4 years$18,914$18,194$17,506$16,849$16,220$14,200
5 years$14,980$14,264$13,586$12,941$12,330$10,401
6 years$12,358$11,648$10,979$10,349$9,756$7,920
7 years$10,486$9,782$9,124$8,509$7,934$6,191
8 years$9,082$8,385$7,738$7,138$6,582$4,930
9 years$7,992$7,301$6,664$6,080$5,543$3,981
10 years$7,119$6,435$5,810$5,241$4,723$3,248
11 years$6,406$5,729$5,115$4,561$4,062$2,673
12 years$5,812$5,142$4,540$4,001$3,520$2,213
13 years$5,310$4,647$4,056$3,532$3,070$1,842
14 years$4,880$4,224$3,644$3,135$2,691$1,540
15 years$4,508$3,858$3,290$2,796$2,369$1,292
16 years$4,182$3,540$2,983$2,504$2,094$1,087
17 years$3,895$3,260$2,714$2,250$1,857$917
18 years$3,641$3,013$2,478$2,027$1,651$774
19 years$3,413$2,792$2,268$1,832$1,471$655
20 years$3,208$2,595$2,082$1,659$1,314$555
21 years$3,023$2,417$1,915$1,506$1,176$471
22 years$2,856$2,256$1,765$1,369$1,054$400
23 years$2,703$2,110$1,630$1,247$946$340
24 years$2,562$1,977$1,507$1,137$851$289
25 years$2,434$1,855$1,396$1,039$765$246
26 years$2,315$1,744$1,295$950$689$210
27 years$2,206$1,641$1,202$869$622$179
28 years$2,104$1,546$1,118$796$561$152
29 years$2,010$1,459$1,040$730$506$130
30 years$1,922$1,378$969$670$458$111
31 years$1,839$1,302$903$616$414$94
32 years$1,763$1,232$843$566$374$81
33 years$1,691$1,167$787$520$339$69
34 years$1,623$1,106$735$479$307$59
35 years$1,559$1,049$687$441$278$50
36 years$1,499$996$643$406$252$43
37 years$1,443$946$602$374$228$36
38 years$1,389$899$564$345$207$31
39 years$1,339$855$528$318$188$27
40 years$1,291$813$495$293$170$23
41 years$1,245$774$464$270$154$19
42 years$1,202$737$435$250$140$17
43 years$1,161$702$408$230$127$14
44 years$1,122$669$383$213$115$12
45 years$1,084$638$360$196$105$10
46 years$1,049$609$338$181$95$9
47 years$1,015$581$318$168$86$7
48 years$982$555$298$155$78$6
49 years$951$530$281$143$71$5
50 years$922$506$264$132$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $944,000, adding $2,836 every year, while hoping to spend $37,256 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: 50/39/11 Blend
39$944,000$944,000$944,000$944,000
40$1,043,213$993,181$978,549$1,092,161
41$1,109,981$1,002,207$971,691$1,135,004
42$1,182,310$1,010,427$963,354$1,177,365
43$1,260,729$1,017,761$953,449$1,222,543
44$1,345,818$1,024,126$941,884$1,270,814
45$1,438,216$1,029,432$928,562$1,322,483
46$1,538,625$1,033,585$913,379$1,377,886
47$1,647,817$1,036,483$896,230$1,437,394
48$1,766,643$1,038,019$877,002$1,501,421
49$1,896,037$1,038,079$855,579$1,570,421
50$2,037,030$1,036,542$831,838$1,644,898
51$2,190,753$1,033,279$805,650$1,725,409
52$2,358,454$1,028,153$776,883$1,812,570
53$2,541,503$1,021,019$745,396$1,907,062
54$2,741,412$1,011,725$711,042$2,009,637
55$2,959,842$1,000,106$673,668$2,121,128
56$3,198,625$985,990$633,115$2,242,455
57$3,459,776$969,194$589,215$2,374,633
58$3,745,513$949,525$541,794$2,518,788
59$4,058,279$926,776$490,668$2,676,159
60$4,400,766$900,730$435,648$2,848,120
61$4,775,935$871,157$376,533$3,036,185
62$5,187,050$837,813$313,117$3,242,030
63$5,637,704$800,440$245,180$3,467,504
64$6,131,853$758,766$172,498$3,714,650
65$6,673,858$712,501$94,832$3,985,726
66$7,268,519$661,341$11,937$4,283,224
67$7,921,124$604,963$0$4,609,896
68$8,637,498$543,025$0$4,977,765
69$9,424,057$475,168$0$5,383,283
70$10,287,870$401,010$0$5,828,787
71$11,236,722$320,149$0$6,318,401
72$12,279,191$232,160$0$6,856,677
73$13,424,726$136,593$0$7,448,640
74$14,683,737$32,975$0$8,099,829
75$16,067,692$0$0$8,816,360
76$17,589,227$0$0$9,638,965
77$19,262,260$0$0$10,559,146
78$21,102,130$0$0$11,571,202
79$23,125,733$0$0$12,684,441
80$25,351,685$0$0$13,909,119
81$27,800,499$0$0$15,256,536
82$30,494,775$0$0$16,739,143
83$33,459,413$0$0$18,370,660
84$36,721,851$0$0$20,166,200
85$40,312,320$0$0$22,142,421
86$44,264,128$0$0$24,317,673
87$48,613,980$0$0$26,712,178
88$53,402,316$0$0$29,348,216
89$58,673,698$0$0$32,250,339
90$64,477,229$0$0$35,445,600
91$70,867,011$0$0$38,963,808
92$77,902,665$0$0$42,837,809
93$85,649,883$0$0$47,103,800
94$94,181,053$0$0$51,801,662
95$103,575,941$0$0$56,975,344
96$113,922,442$0$0$62,673,274
97$125,317,413$0$0$68,948,816
98$137,867,579$0$0$75,860,774
99$151,690,547$0$0$83,473,945
100$166,915,913$0$0$91,859,734