Can I retire at age 40 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$78,037$77,342$76,664$76,002$75,356$74,662
2 years$38,632$37,913$37,215$36,539$35,884$35,185
3 years$25,499$24,776$24,081$23,411$22,766$22,084
4 years$18,934$18,213$17,525$16,866$16,237$15,576
5 years$14,996$14,279$13,600$12,955$12,343$11,706
6 years$12,371$11,660$10,991$10,360$9,767$9,154
7 years$10,497$9,792$9,133$8,518$7,943$7,355
8 years$9,092$8,394$7,746$7,145$6,589$6,026
9 years$8,000$7,308$6,671$6,086$5,549$5,010
10 years$7,127$6,442$5,816$5,246$4,728$4,214
11 years$6,413$5,735$5,121$4,566$4,066$3,576
12 years$5,818$5,147$4,544$4,005$3,524$3,056
13 years$5,316$4,652$4,060$3,536$3,073$2,628
14 years$4,885$4,228$3,648$3,139$2,694$2,271
15 years$4,513$3,863$3,294$2,799$2,372$1,971
16 years$4,187$3,544$2,986$2,506$2,096$1,716
17 years$3,900$3,264$2,717$2,252$1,859$1,499
18 years$3,645$3,016$2,481$2,029$1,653$1,312
19 years$3,417$2,795$2,271$1,834$1,473$1,152
20 years$3,212$2,597$2,084$1,661$1,316$1,012
21 years$3,027$2,419$1,917$1,507$1,177$892
22 years$2,859$2,258$1,767$1,370$1,055$786
23 years$2,705$2,112$1,631$1,248$947$694
24 years$2,565$1,979$1,509$1,138$852$614
25 years$2,436$1,857$1,397$1,040$766$543
26 years$2,318$1,745$1,296$951$690$481
27 years$2,208$1,643$1,203$870$622$426
28 years$2,106$1,548$1,119$797$561$378
29 years$2,012$1,460$1,041$731$507$335
30 years$1,924$1,379$970$671$458$298
31 years$1,841$1,304$904$616$414$264
32 years$1,764$1,233$843$566$375$235
33 years$1,692$1,168$788$521$339$209
34 years$1,625$1,107$736$479$307$186
35 years$1,561$1,050$688$441$278$165
36 years$1,501$997$644$406$252$147
37 years$1,444$947$602$374$228$131
38 years$1,391$900$564$345$207$116
39 years$1,340$855$529$318$188$103
40 years$1,292$814$495$293$170$92
41 years$1,246$775$464$271$154$82
42 years$1,203$738$436$250$140$73
43 years$1,162$703$409$231$127$65
44 years$1,123$670$384$213$115$58
45 years$1,085$639$360$197$105$52
46 years$1,050$610$338$182$95$46
47 years$1,016$582$318$168$86$41
48 years$983$555$299$155$78$36
49 years$952$530$281$143$71$32
50 years$923$507$264$132$65$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $945,000, adding $5,823 every year, while hoping to spend $21,409 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: 44/31/25 Blend
39$945,000$945,000$945,000$945,000
40$1,047,396$997,311$982,664$1,085,662
41$1,131,452$1,023,401$992,804$1,139,493
42$1,223,363$1,050,051$1,002,567$1,195,297
43$1,323,910$1,077,267$1,011,916$1,255,366
44$1,433,948$1,105,052$1,020,815$1,320,109
45$1,554,424$1,133,412$1,029,225$1,389,974
46$1,686,375$1,162,350$1,037,104$1,465,456
47$1,830,947$1,191,867$1,044,409$1,547,100
48$1,989,402$1,221,966$1,051,094$1,635,506
49$2,163,127$1,252,649$1,057,112$1,731,335
50$2,353,653$1,283,915$1,062,412$1,835,317
51$2,562,663$1,315,765$1,066,941$1,948,255
52$2,792,015$1,348,198$1,070,643$2,071,033
53$3,043,751$1,381,210$1,073,460$2,204,627
54$3,320,122$1,414,798$1,075,331$2,350,111
55$3,623,610$1,448,959$1,076,190$2,508,671
56$3,956,947$1,483,686$1,075,970$2,681,611
57$4,323,140$1,518,972$1,074,600$2,870,369
58$4,725,507$1,554,808$1,072,006$3,076,533
59$5,167,700$1,591,185$1,068,109$3,301,849
60$5,653,743$1,628,090$1,062,828$3,548,244
61$6,188,068$1,665,510$1,056,076$3,817,840
62$6,775,560$1,703,429$1,047,764$4,112,978
63$7,421,600$1,741,830$1,037,797$4,436,237
64$8,132,117$1,780,693$1,026,077$4,790,459
65$8,913,642$1,819,997$1,012,500$5,178,778
66$9,773,372$1,859,715$996,957$5,604,648
67$10,719,237$1,899,822$979,336$6,071,875
68$11,759,973$1,940,287$959,517$6,584,655
69$12,905,206$1,981,076$937,377$7,147,613
70$14,165,543$2,022,155$912,785$7,765,846
71$15,552,670$2,063,483$885,605$8,444,974
72$17,079,465$2,105,016$855,696$9,191,189
73$18,760,117$2,146,708$822,907$10,011,318
74$20,610,259$2,188,507$787,085$10,912,885
75$22,647,118$2,230,357$748,066$11,904,181
76$24,889,678$2,272,198$705,680$12,994,350
77$27,358,855$2,313,965$659,749$14,193,464
78$30,077,696$2,355,587$610,088$15,512,630
79$33,071,598$2,396,988$556,504$16,964,086
80$36,368,546$2,438,086$498,792$18,561,323
81$39,999,378$2,478,792$436,742$20,319,211
82$43,998,074$2,519,012$370,132$22,254,137
83$48,402,078$2,558,644$298,732$24,384,165
84$53,252,650$2,597,578$222,300$26,729,205
85$58,595,258$2,635,697$140,584$29,311,198
86$64,480,004$2,672,876$53,323$32,154,329
87$70,962,096$2,708,979$0$35,285,255
88$78,102,374$2,743,862$0$38,743,970
89$85,967,877$2,777,373$0$42,568,107
90$94,632,482$2,809,346$0$46,779,194
91$104,177,597$2,839,606$0$51,416,647
92$114,692,931$2,867,965$0$56,523,901
93$126,277,339$2,894,225$0$62,148,826
94$139,039,758$2,918,171$0$68,344,171
95$153,100,230$2,939,579$0$75,168,069
96$168,591,040$2,958,205$0$82,684,583
97$185,657,963$2,973,794$0$90,964,311
98$204,461,637$2,986,071$0$100,085,055
99$225,179,082$2,994,747$0$110,132,553
100$248,005,371$2,999,512$0$121,201,290