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%11.1%
1 years$78,037$77,342$76,664$76,002$75,356$75,007
2 years$38,632$37,913$37,215$36,539$35,884$35,531
3 years$25,499$24,776$24,081$23,411$22,766$22,421
4 years$18,934$18,213$17,525$16,866$16,237$15,902
5 years$14,996$14,279$13,600$12,955$12,343$12,020
6 years$12,371$11,660$10,991$10,360$9,767$9,455
7 years$10,497$9,792$9,133$8,518$7,943$7,643
8 years$9,092$8,394$7,746$7,145$6,589$6,302
9 years$8,000$7,308$6,671$6,086$5,549$5,273
10 years$7,127$6,442$5,816$5,246$4,728$4,464
11 years$6,413$5,735$5,121$4,566$4,066$3,814
12 years$5,818$5,147$4,544$4,005$3,524$3,282
13 years$5,316$4,652$4,060$3,536$3,073$2,843
14 years$4,885$4,228$3,648$3,139$2,694$2,474
15 years$4,513$3,863$3,294$2,799$2,372$2,163
16 years$4,187$3,544$2,986$2,506$2,096$1,897
17 years$3,900$3,264$2,717$2,252$1,859$1,670
18 years$3,645$3,016$2,481$2,029$1,653$1,473
19 years$3,417$2,795$2,271$1,834$1,473$1,303
20 years$3,212$2,597$2,084$1,661$1,316$1,155
21 years$3,027$2,419$1,917$1,507$1,177$1,025
22 years$2,859$2,258$1,767$1,370$1,055$912
23 years$2,705$2,112$1,631$1,248$947$812
24 years$2,565$1,979$1,509$1,138$852$724
25 years$2,436$1,857$1,397$1,040$766$646
26 years$2,318$1,745$1,296$951$690$577
27 years$2,208$1,643$1,203$870$622$516
28 years$2,106$1,548$1,119$797$561$461
29 years$2,012$1,460$1,041$731$507$413
30 years$1,924$1,379$970$671$458$370
31 years$1,841$1,304$904$616$414$331
32 years$1,764$1,233$843$566$375$297
33 years$1,692$1,168$788$521$339$266
34 years$1,625$1,107$736$479$307$239
35 years$1,561$1,050$688$441$278$215
36 years$1,501$997$644$406$252$193
37 years$1,444$947$602$374$228$173
38 years$1,391$900$564$345$207$155
39 years$1,340$855$529$318$188$140
40 years$1,292$814$495$293$170$125
41 years$1,246$775$464$271$154$113
42 years$1,203$738$436$250$140$101
43 years$1,162$703$409$231$127$91
44 years$1,123$670$384$213$115$82
45 years$1,085$639$360$197$105$74
46 years$1,050$610$338$182$95$66
47 years$1,016$582$318$168$86$60
48 years$983$555$299$155$78$54
49 years$952$530$281$143$71$48
50 years$923$507$264$132$65$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $945,000, adding $2,017 every year, while hoping to spend $32,906 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: 44/44/12 Blend
39$945,000$945,000$945,000$945,000
40$1,043,471$993,386$978,738$1,085,702
41$1,114,893$1,007,050$976,514$1,128,977
42$1,192,497$1,020,281$973,113$1,172,369
43$1,276,880$1,033,022$968,460$1,218,668
44$1,368,696$1,045,215$962,477$1,268,156
45$1,468,667$1,056,794$955,084$1,321,143
46$1,577,586$1,067,692$946,195$1,377,972
47$1,696,328$1,077,837$935,720$1,439,021
48$1,825,852$1,087,150$923,566$1,504,710
49$1,967,218$1,095,549$909,634$1,575,501
50$2,121,589$1,102,946$893,822$1,651,905
51$2,290,249$1,109,248$876,023$1,734,489
52$2,474,608$1,114,355$856,123$1,823,876
53$2,676,220$1,118,160$834,006$1,920,756
54$2,896,797$1,120,552$809,547$2,025,893
55$3,138,222$1,121,411$782,618$2,140,128
56$3,402,569$1,120,609$753,085$2,264,392
57$3,692,124$1,118,012$720,806$2,399,713
58$4,009,402$1,113,476$685,635$2,547,227
59$4,357,174$1,106,849$647,416$2,708,188
60$4,738,492$1,097,971$605,990$2,883,981
61$5,156,715$1,086,668$561,189$3,076,136
62$5,615,547$1,072,762$512,835$3,286,344
63$6,119,064$1,056,059$460,746$3,516,469
64$6,671,758$1,036,355$404,731$3,768,571
65$7,278,576$1,013,435$344,588$4,044,926
66$7,944,968$987,070$280,109$4,348,044
67$8,676,937$957,019$211,075$4,680,698
68$9,481,097$923,025$137,258$5,045,948
69$10,364,733$884,818$58,420$5,447,172
70$11,335,871$842,110$0$5,888,100
71$12,403,355$794,598$0$6,376,139
72$13,576,926$741,962$0$6,920,736
73$14,867,317$683,863$0$7,519,449
74$16,286,352$619,941$0$8,177,848
75$17,847,060$549,818$0$8,902,073
76$19,563,794$473,092$0$9,698,900
77$21,452,369$389,342$0$10,575,802
78$23,530,211$298,120$0$11,541,021
79$25,816,518$198,954$0$12,603,649
80$28,332,444$91,344$0$13,773,711
81$31,101,299$0$0$15,062,267
82$34,148,763$0$0$16,493,730
83$37,503,135$0$0$18,118,172
84$41,195,596$0$0$19,906,482
85$45,260,503$0$0$21,875,319
86$49,735,713$0$0$24,043,035
87$54,662,942$0$0$26,429,856
88$60,088,156$0$0$29,058,067
89$66,062,003$0$0$31,952,226
90$72,640,295$0$0$35,139,391
91$79,884,533$0$0$38,649,380
92$87,862,483$0$0$42,515,050
93$96,648,820$0$0$46,772,606
94$106,325,831$0$0$51,461,945
95$116,984,191$0$0$56,627,031
96$128,723,816$0$0$62,316,308
97$141,654,811$0$0$68,583,162
98$155,898,505$0$0$75,486,417
99$171,588,594$0$0$83,090,900
100$188,872,409$0$0$91,468,043