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%19.1%
1 years$78,037$77,342$76,664$76,002$75,356$72,595
2 years$38,632$37,913$37,215$36,539$35,884$33,133
3 years$25,499$24,776$24,081$23,411$22,766$20,112
4 years$18,934$18,213$17,525$16,866$16,237$13,700
5 years$14,996$14,279$13,600$12,955$12,343$9,930
6 years$12,371$11,660$10,991$10,360$9,767$7,478
7 years$10,497$9,792$9,133$8,518$7,943$5,779
8 years$9,092$8,394$7,746$7,145$6,589$4,548
9 years$8,000$7,308$6,671$6,086$5,549$3,628
10 years$7,127$6,442$5,816$5,246$4,728$2,924
11 years$6,413$5,735$5,121$4,566$4,066$2,374
12 years$5,818$5,147$4,544$4,005$3,524$1,940
13 years$5,316$4,652$4,060$3,536$3,073$1,593
14 years$4,885$4,228$3,648$3,139$2,694$1,314
15 years$4,513$3,863$3,294$2,799$2,372$1,086
16 years$4,187$3,544$2,986$2,506$2,096$901
17 years$3,900$3,264$2,717$2,252$1,859$749
18 years$3,645$3,016$2,481$2,029$1,653$623
19 years$3,417$2,795$2,271$1,834$1,473$520
20 years$3,212$2,597$2,084$1,661$1,316$434
21 years$3,027$2,419$1,917$1,507$1,177$362
22 years$2,859$2,258$1,767$1,370$1,055$303
23 years$2,705$2,112$1,631$1,248$947$253
24 years$2,565$1,979$1,509$1,138$852$212
25 years$2,436$1,857$1,397$1,040$766$178
26 years$2,318$1,745$1,296$951$690$149
27 years$2,208$1,643$1,203$870$622$125
28 years$2,106$1,548$1,119$797$561$105
29 years$2,012$1,460$1,041$731$507$88
30 years$1,924$1,379$970$671$458$74
31 years$1,841$1,304$904$616$414$62
32 years$1,764$1,233$843$566$375$52
33 years$1,692$1,168$788$521$339$43
34 years$1,625$1,107$736$479$307$36
35 years$1,561$1,050$688$441$278$31
36 years$1,501$997$644$406$252$26
37 years$1,444$947$602$374$228$22
38 years$1,391$900$564$345$207$18
39 years$1,340$855$529$318$188$15
40 years$1,292$814$495$293$170$13
41 years$1,246$775$464$271$154$11
42 years$1,203$738$436$250$140$9
43 years$1,162$703$409$231$127$8
44 years$1,123$670$384$213$115$6
45 years$1,085$639$360$197$105$5
46 years$1,050$610$338$182$95$4
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 $3,241 every year, while hoping to spend $26,037 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: 46/45/9 Blend
39$945,000$945,000$945,000$945,000
40$1,044,733$994,648$980,001$1,090,034
41$1,123,593$1,015,683$985,127$1,142,650
42$1,209,623$1,036,875$989,553$1,196,740
43$1,303,529$1,058,206$993,227$1,254,818
44$1,406,084$1,079,654$996,096$1,317,264
45$1,518,143$1,101,195$998,103$1,384,492
46$1,640,643$1,122,803$999,190$1,456,963
47$1,774,620$1,144,451$999,293$1,535,180
48$1,921,211$1,166,109$998,349$1,619,701
49$2,081,670$1,187,744$996,290$1,711,140
50$2,257,377$1,209,321$993,042$1,810,174
51$2,449,853$1,230,801$988,533$1,917,547
52$2,660,772$1,252,144$982,682$2,034,082
53$2,891,977$1,273,305$975,408$2,160,685
54$3,145,498$1,294,237$966,624$2,298,356
55$3,423,573$1,314,888$956,240$2,448,194
56$3,728,664$1,335,205$944,161$2,611,415
57$4,063,486$1,355,127$930,288$2,789,356
58$4,431,025$1,374,592$914,516$2,983,494
59$4,834,575$1,393,533$896,738$3,195,455
60$5,277,762$1,411,876$876,839$3,427,034
61$5,764,581$1,429,546$854,701$3,680,207
62$6,299,433$1,446,458$830,198$3,957,155
63$6,887,166$1,462,526$803,201$4,260,283
64$7,533,122$1,477,654$773,572$4,592,240
65$8,243,184$1,491,742$741,170$4,955,950
66$9,023,835$1,504,684$705,846$5,354,633
67$9,882,218$1,516,366$667,444$5,791,843
68$10,826,202$1,526,665$625,800$6,271,496
69$11,864,455$1,535,452$580,746$6,797,910
70$13,006,531$1,542,591$532,102$7,375,847
71$14,262,954$1,547,935$479,684$8,010,553
72$15,645,319$1,551,327$423,298$8,707,818
73$17,166,403$1,552,604$362,739$9,474,020
74$18,840,283$1,551,588$297,798$10,316,193
75$20,682,471$1,548,095$228,253$11,242,092
76$22,710,057$1,541,925$153,874$12,260,265
77$24,941,872$1,532,870$74,418$13,380,138
78$27,398,668$1,520,705$0$14,612,100
79$30,103,308$1,505,195$0$15,968,603
80$33,080,985$1,486,090$0$17,468,969
81$36,359,460$1,463,123$0$19,119,990
82$39,969,323$1,436,013$0$20,937,041
83$43,944,279$1,404,463$0$22,937,067
84$48,321,470$1,368,157$0$25,138,747
85$53,141,824$1,326,760$0$27,562,670
86$58,450,437$1,279,919$0$30,231,529
87$64,297,006$1,227,259$0$33,170,340
88$70,736,291$1,168,385$0$36,406,674
89$77,828,634$1,102,877$0$39,970,923
90$85,640,529$1,030,292$0$43,896,584
91$94,245,249$950,162$0$48,220,579
92$103,723,535$861,992$0$52,983,604
93$114,164,363$765,256$0$58,230,516
94$125,665,778$659,404$0$64,010,753
95$138,335,821$543,849$0$70,378,809
96$152,293,551$417,973$0$77,394,744
97$167,670,165$281,126$0$85,124,757
98$184,610,238$132,617$0$93,641,811
99$203,273,087$0$0$103,026,323
100$223,834,273$0$0$113,380,930