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%13.3%
1 years$77,955$77,260$76,583$75,922$75,276$74,243
2 years$38,591$37,873$37,176$36,501$35,846$34,807
3 years$25,472$24,750$24,055$23,386$22,742$21,730
4 years$18,914$18,194$17,506$16,849$16,220$15,241
5 years$14,980$14,264$13,586$12,941$12,330$11,389
6 years$12,358$11,648$10,979$10,349$9,756$8,853
7 years$10,486$9,782$9,124$8,509$7,934$7,070
8 years$9,082$8,385$7,738$7,138$6,582$5,756
9 years$7,992$7,301$6,664$6,080$5,543$4,755
10 years$7,119$6,435$5,810$5,241$4,723$3,972
11 years$6,406$5,729$5,115$4,561$4,062$3,348
12 years$5,812$5,142$4,540$4,001$3,520$2,842
13 years$5,310$4,647$4,056$3,532$3,070$2,426
14 years$4,880$4,224$3,644$3,135$2,691$2,081
15 years$4,508$3,858$3,290$2,796$2,369$1,793
16 years$4,182$3,540$2,983$2,504$2,094$1,549
17 years$3,895$3,260$2,714$2,250$1,857$1,343
18 years$3,641$3,013$2,478$2,027$1,651$1,166
19 years$3,413$2,792$2,268$1,832$1,471$1,015
20 years$3,208$2,595$2,082$1,659$1,314$886
21 years$3,023$2,417$1,915$1,506$1,176$773
22 years$2,856$2,256$1,765$1,369$1,054$676
23 years$2,703$2,110$1,630$1,247$946$592
24 years$2,562$1,977$1,507$1,137$851$519
25 years$2,434$1,855$1,396$1,039$765$455
26 years$2,315$1,744$1,295$950$689$400
27 years$2,206$1,641$1,202$869$622$351
28 years$2,104$1,546$1,118$796$561$309
29 years$2,010$1,459$1,040$730$506$271
30 years$1,922$1,378$969$670$458$239
31 years$1,839$1,302$903$616$414$210
32 years$1,763$1,232$843$566$374$185
33 years$1,691$1,167$787$520$339$163
34 years$1,623$1,106$735$479$307$144
35 years$1,559$1,049$687$441$278$126
36 years$1,499$996$643$406$252$111
37 years$1,443$946$602$374$228$98
38 years$1,389$899$564$345$207$87
39 years$1,339$855$528$318$188$76
40 years$1,291$813$495$293$170$67
41 years$1,245$774$464$270$154$59
42 years$1,202$737$435$250$140$52
43 years$1,161$702$408$230$127$46
44 years$1,122$669$383$213$115$41
45 years$1,084$638$360$196$105$36
46 years$1,049$609$338$181$95$32
47 years$1,015$581$318$168$86$28
48 years$982$555$298$155$78$25
49 years$951$530$281$143$71$22
50 years$922$506$264$132$65$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $944,000, adding $6,348 every year, while hoping to spend $35,059 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: 79/12/9 Blend
39$944,000$944,000$944,000$944,000
40$1,046,836$996,804$982,172$1,127,603
41$1,116,311$1,008,345$977,772$1,193,053
42$1,191,697$1,019,276$972,050$1,259,632
43$1,273,560$1,029,531$964,924$1,331,637
44$1,362,524$1,039,038$956,309$1,409,594
45$1,459,272$1,047,722$946,116$1,494,082
46$1,564,558$1,055,501$934,252$1,585,736
47$1,679,211$1,062,288$920,617$1,685,260
48$1,804,143$1,067,993$905,111$1,793,426
49$1,940,359$1,072,518$887,625$1,911,086
50$2,088,963$1,075,758$868,047$2,039,179
51$2,251,171$1,077,604$846,261$2,178,739
52$2,428,321$1,077,938$822,142$2,330,905
53$2,621,889$1,076,636$795,562$2,496,933
54$2,833,495$1,073,565$766,387$2,678,205
55$3,064,927$1,068,585$734,477$2,876,247
56$3,318,151$1,061,547$699,683$3,092,739
57$3,595,333$1,052,293$661,853$3,329,532
58$3,898,857$1,040,656$620,825$3,588,665
59$4,231,350$1,026,457$576,432$3,872,389
60$4,595,704$1,009,510$528,499$4,183,180
61$4,995,103$989,614$476,841$4,523,769
62$5,433,057$966,558$421,268$4,897,167
63$5,913,428$940,118$361,580$5,306,689
64$6,440,472$910,058$297,567$5,755,993
65$7,018,876$876,128$229,012$6,249,108
66$7,653,805$838,061$155,687$6,790,473
67$8,350,944$795,578$77,355$7,384,983
68$9,116,560$748,381$0$8,038,032
69$9,957,555$696,157$0$8,756,166
70$10,881,530$638,573$0$9,553,302
71$11,896,863$575,280$0$10,429,252
72$13,012,780$505,906$0$11,392,004
73$14,239,448$430,059$0$12,450,358
74$15,588,066$347,326$0$13,614,012
75$17,070,972$257,269$0$14,893,653
76$18,701,763$159,427$0$16,301,058
77$20,495,414$53,310$0$17,849,205
78$22,468,430$0$0$19,552,396
79$24,638,991$0$0$21,434,525
80$27,027,132$0$0$23,513,098
81$29,654,924$0$0$25,800,291
82$32,546,688$0$0$28,317,277
83$35,729,221$0$0$31,087,385
84$39,232,050$0$0$34,136,318
85$43,087,708$0$0$37,492,400
86$47,332,044$0$0$41,186,839
87$52,004,559$0$0$45,254,023
88$57,148,776$0$0$49,731,842
89$62,812,656$0$0$54,662,049
90$69,049,044$0$0$60,090,651
91$75,916,174$0$0$66,068,341
92$83,478,210$0$0$72,650,982
93$91,805,860$0$0$79,900,128
94$100,977,035$0$0$87,883,607
95$111,077,591$0$0$96,676,161
96$122,202,131$0$0$106,360,152
97$134,454,905$0$0$117,026,334
98$147,950,789$0$0$128,774,717
99$162,816,369$0$0$141,715,503
100$179,191,139$0$0$155,970,132