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%16.2%
1 years$77,955$77,260$76,583$75,922$75,276$73,367
2 years$38,591$37,873$37,176$36,501$35,846$33,935
3 years$25,472$24,750$24,055$23,386$22,742$20,889
4 years$18,914$18,194$17,506$16,849$16,220$14,439
5 years$14,980$14,264$13,586$12,941$12,330$10,626
6 years$12,358$11,648$10,979$10,349$9,756$8,131
7 years$10,486$9,782$9,124$8,509$7,934$6,388
8 years$9,082$8,385$7,738$7,138$6,582$5,114
9 years$7,992$7,301$6,664$6,080$5,543$4,152
10 years$7,119$6,435$5,810$5,241$4,723$3,407
11 years$6,406$5,729$5,115$4,561$4,062$2,820
12 years$5,812$5,142$4,540$4,001$3,520$2,349
13 years$5,310$4,647$4,056$3,532$3,070$1,967
14 years$4,880$4,224$3,644$3,135$2,691$1,655
15 years$4,508$3,858$3,290$2,796$2,369$1,397
16 years$4,182$3,540$2,983$2,504$2,094$1,183
17 years$3,895$3,260$2,714$2,250$1,857$1,004
18 years$3,641$3,013$2,478$2,027$1,651$854
19 years$3,413$2,792$2,268$1,832$1,471$728
20 years$3,208$2,595$2,082$1,659$1,314$621
21 years$3,023$2,417$1,915$1,506$1,176$530
22 years$2,856$2,256$1,765$1,369$1,054$454
23 years$2,703$2,110$1,630$1,247$946$388
24 years$2,562$1,977$1,507$1,137$851$333
25 years$2,434$1,855$1,396$1,039$765$285
26 years$2,315$1,744$1,295$950$689$245
27 years$2,206$1,641$1,202$869$622$210
28 years$2,104$1,546$1,118$796$561$180
29 years$2,010$1,459$1,040$730$506$155
30 years$1,922$1,378$969$670$458$133
31 years$1,839$1,302$903$616$414$114
32 years$1,763$1,232$843$566$374$98
33 years$1,691$1,167$787$520$339$84
34 years$1,623$1,106$735$479$307$73
35 years$1,559$1,049$687$441$278$62
36 years$1,499$996$643$406$252$54
37 years$1,443$946$602$374$228$46
38 years$1,389$899$564$345$207$40
39 years$1,339$855$528$318$188$34
40 years$1,291$813$495$293$170$29
41 years$1,245$774$464$270$154$25
42 years$1,202$737$435$250$140$22
43 years$1,161$702$408$230$127$19
44 years$1,122$669$383$213$115$16
45 years$1,084$638$360$196$105$14
46 years$1,049$609$338$181$95$12
47 years$1,015$581$318$168$86$10
48 years$982$555$298$155$78$9
49 years$951$530$281$143$71$8
50 years$922$506$264$132$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $944,000, adding $2,668 every year, while hoping to spend $28,793 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: 49/46/5 Blend
39$944,000$944,000$944,000$944,000
40$1,043,040$993,008$978,376$1,092,740
41$1,118,795$1,011,030$980,516$1,144,930
42$1,201,311$1,028,970$981,763$1,198,280
43$1,291,249$1,046,793$982,056$1,255,534
44$1,389,334$1,064,464$981,332$1,317,064
45$1,496,364$1,081,940$979,525$1,383,276
46$1,613,218$1,099,181$976,565$1,454,623
47$1,740,865$1,116,140$972,378$1,531,600
48$1,880,370$1,132,767$966,889$1,614,756
49$2,032,905$1,149,010$960,018$1,704,693
50$2,199,762$1,164,812$951,679$1,802,079
51$2,382,363$1,180,113$941,785$1,907,646
52$2,582,273$1,194,847$930,244$2,022,205
53$2,801,216$1,208,946$916,958$2,146,647
54$3,041,092$1,222,336$901,828$2,281,959
55$3,303,990$1,234,938$884,746$2,429,224
56$3,592,215$1,246,667$865,603$2,589,641
57$3,908,302$1,257,435$844,282$2,764,529
58$4,255,044$1,267,145$820,661$2,955,346
59$4,635,520$1,275,696$794,614$3,163,696
60$5,053,117$1,282,979$766,008$3,391,352
61$5,511,570$1,288,880$734,704$3,640,266
62$6,014,990$1,293,276$700,557$3,912,593
63$6,567,909$1,296,036$663,415$4,210,707
64$7,175,316$1,297,022$623,119$4,537,230
65$7,842,709$1,296,086$579,504$4,895,050
66$8,576,144$1,293,074$532,397$5,287,353
67$9,382,295$1,287,819$481,617$5,717,654
68$10,268,512$1,280,144$426,973$6,189,827
69$11,242,893$1,269,865$368,270$6,708,145
70$12,314,361$1,256,781$305,300$7,277,320
71$13,492,747$1,240,685$237,849$7,902,548
72$14,788,882$1,221,353$165,692$8,589,559
73$16,214,698$1,198,549$88,593$9,344,671
74$17,783,344$1,172,025$6,307$10,174,851
75$19,509,307$1,141,516$0$11,087,780
76$21,408,548$1,106,742$0$12,096,277
77$23,498,654$1,067,406$0$13,205,976
78$25,799,003$1,023,196$0$14,426,852
79$28,330,948$973,779$0$15,770,275
80$31,118,015$918,805$0$17,248,779
81$34,186,129$857,902$0$18,876,183
82$37,563,853$790,678$0$20,667,724
83$41,282,664$716,719$0$22,640,197
84$45,377,243$635,586$0$24,812,118
85$49,885,808$546,815$0$27,203,899
86$54,850,468$449,917$0$29,838,045
87$60,317,628$344,375$0$32,739,361
88$66,338,419$229,643$0$35,935,195
89$72,969,185$105,142$0$39,455,693
90$80,272,013$0$0$43,334,087
91$88,315,318$0$0$47,622,060
92$97,174,491$0$0$52,403,743
93$106,932,606$0$0$57,670,771
94$117,681,208$0$0$63,472,575
95$129,521,174$0$0$69,863,622
96$142,563,665$0$0$76,903,937
97$156,931,178$0$0$84,659,663
98$172,758,697$0$0$93,203,685
99$190,194,969$0$0$102,616,323
100$209,403,910$0$0$112,986,084