Can I retire at age 40 with 945,000?

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 $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%18.9%
1 years$78,037$77,342$76,664$76,002$75,356$72,653
2 years$38,632$37,913$37,215$36,539$35,884$33,190
3 years$25,499$24,776$24,081$23,411$22,766$20,166
4 years$18,934$18,213$17,525$16,866$16,237$13,751
5 years$14,996$14,279$13,600$12,955$12,343$9,977
6 years$12,371$11,660$10,991$10,360$9,767$7,522
7 years$10,497$9,792$9,133$8,518$7,943$5,820
8 years$9,092$8,394$7,746$7,145$6,589$4,586
9 years$8,000$7,308$6,671$6,086$5,549$3,662
10 years$7,127$6,442$5,816$5,246$4,728$2,955
11 years$6,413$5,735$5,121$4,566$4,066$2,403
12 years$5,818$5,147$4,544$4,005$3,524$1,966
13 years$5,316$4,652$4,060$3,536$3,073$1,617
14 years$4,885$4,228$3,648$3,139$2,694$1,335
15 years$4,513$3,863$3,294$2,799$2,372$1,106
16 years$4,187$3,544$2,986$2,506$2,096$918
17 years$3,900$3,264$2,717$2,252$1,859$764
18 years$3,645$3,016$2,481$2,029$1,653$637
19 years$3,417$2,795$2,271$1,834$1,473$532
20 years$3,212$2,597$2,084$1,661$1,316$445
21 years$3,027$2,419$1,917$1,507$1,177$372
22 years$2,859$2,258$1,767$1,370$1,055$311
23 years$2,705$2,112$1,631$1,248$947$261
24 years$2,565$1,979$1,509$1,138$852$219
25 years$2,436$1,857$1,397$1,040$766$184
26 years$2,318$1,745$1,296$951$690$154
27 years$2,208$1,643$1,203$870$622$129
28 years$2,106$1,548$1,119$797$561$109
29 years$2,012$1,460$1,041$731$507$91
30 years$1,924$1,379$970$671$458$77
31 years$1,841$1,304$904$616$414$64
32 years$1,764$1,233$843$566$375$54
33 years$1,692$1,168$788$521$339$46
34 years$1,625$1,107$736$479$307$38
35 years$1,561$1,050$688$441$278$32
36 years$1,501$997$644$406$252$27
37 years$1,444$947$602$374$228$23
38 years$1,391$900$564$345$207$19
39 years$1,340$855$529$318$188$16
40 years$1,292$814$495$293$170$14
41 years$1,246$775$464$271$154$11
42 years$1,203$738$436$250$140$10
43 years$1,162$703$409$231$127$8
44 years$1,123$670$384$213$115$7
45 years$1,085$639$360$197$105$6
46 years$1,050$610$338$182$95$5
47 years$1,016$582$318$168$86$4
48 years$983$555$299$155$78$3
49 years$952$530$281$143$71$3
50 years$923$507$264$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $945,000, adding $6,595 every year, while hoping to spend $27,088 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: 80/10/10 Blend
39$945,000$945,000$945,000$945,000
40$1,048,193$998,108$983,460$1,129,818
41$1,126,287$1,018,194$987,585$1,204,400
42$1,211,439$1,038,356$990,940$1,282,013
43$1,304,340$1,058,569$993,470$1,366,381
44$1,405,751$1,078,808$995,120$1,458,165
45$1,516,509$1,099,041$995,828$1,558,095
46$1,637,537$1,119,238$995,532$1,666,973
47$1,769,850$1,139,365$994,167$1,785,686
48$1,914,565$1,159,384$991,662$1,915,206
49$2,072,913$1,179,256$987,945$2,056,607
50$2,246,249$1,198,938$982,940$2,211,072
51$2,436,065$1,218,385$976,567$2,379,903
52$2,644,004$1,237,547$968,742$2,564,535
53$2,871,877$1,256,370$959,379$2,766,549
54$3,121,674$1,274,799$948,384$2,987,686
55$3,395,593$1,292,771$935,663$3,229,865
56$3,696,050$1,310,223$921,114$3,495,200
57$4,025,707$1,327,085$904,632$3,786,022
58$4,387,499$1,343,281$886,106$4,104,896
59$4,784,655$1,358,733$865,422$4,454,650
60$5,220,734$1,373,356$842,458$4,838,400
61$5,699,657$1,387,058$817,089$5,259,581
62$6,225,742$1,399,744$789,181$5,721,976
63$6,803,746$1,411,310$758,597$6,229,753
64$7,438,910$1,421,647$725,192$6,787,508
65$8,137,009$1,430,637$688,816$7,400,301
66$8,904,402$1,438,157$649,310$8,073,713
67$9,748,098$1,444,073$606,509$8,813,890
68$10,675,818$1,448,247$560,241$9,627,606
69$11,696,068$1,450,527$510,325$10,522,327
70$12,818,219$1,450,756$456,574$11,506,279
71$14,052,599$1,448,764$398,790$12,588,528
72$15,410,583$1,444,372$336,768$13,779,063
73$16,904,707$1,437,391$270,295$15,088,893
74$18,548,782$1,427,618$199,145$16,530,152
75$20,358,027$1,414,840$123,085$18,116,208
76$22,349,209$1,398,830$41,871$19,861,794
77$24,540,802$1,379,348$0$21,783,149
78$26,953,166$1,356,138$0$23,902,944
79$29,608,731$1,328,930$0$26,241,197
80$32,532,213$1,297,439$0$28,815,196
81$35,750,847$1,261,362$0$31,648,918
82$39,294,643$1,220,378$0$34,768,787
83$43,196,667$1,174,148$0$38,203,919
84$47,493,359$1,122,313$0$41,986,399
85$52,224,868$1,064,492$0$46,151,586
86$57,435,437$1,000,285$0$50,738,440
87$63,173,819$929,266$0$55,789,898
88$69,493,735$850,986$0$61,353,273
89$76,454,382$764,971$0$67,480,704
90$84,120,991$670,717$0$74,229,646
91$92,565,446$567,696$0$81,663,414
92$101,866,954$455,346$0$89,851,780
93$112,112,801$333,075$0$98,871,633
94$123,399,170$200,259$0$108,807,702
95$135,832,051$56,237$0$119,753,359
96$149,528,240$0$0$131,811,497
97$164,616,441$0$0$145,106,475
98$181,238,484$0$0$159,759,857
99$199,550,656$0$0$175,903,239
100$219,725,184$0$0$193,688,453