Can I retire at age 40 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$78,120$77,424$76,745$76,082$75,435$72,904
2 years$38,673$37,953$37,255$36,578$35,922$33,396
3 years$25,526$24,803$24,106$23,436$22,790$20,350
4 years$18,954$18,233$17,543$16,884$16,254$13,918
5 years$15,011$14,295$13,614$12,969$12,356$10,130
6 years$12,384$11,673$11,002$10,371$9,777$7,663
7 years$10,508$9,803$9,143$8,527$7,951$5,949
8 years$9,102$8,403$7,754$7,153$6,596$4,704
9 years$8,008$7,316$6,679$6,093$5,555$3,771
10 years$7,134$6,449$5,822$5,252$4,733$3,054
11 years$6,420$5,741$5,126$4,571$4,071$2,493
12 years$5,825$5,153$4,549$4,009$3,528$2,048
13 years$5,321$4,657$4,064$3,539$3,076$1,691
14 years$4,890$4,233$3,652$3,142$2,697$1,402
15 years$4,517$3,867$3,297$2,802$2,374$1,166
16 years$4,191$3,548$2,989$2,509$2,098$973
17 years$3,904$3,267$2,720$2,254$1,861$813
18 years$3,648$3,019$2,483$2,032$1,654$681
19 years$3,420$2,798$2,273$1,836$1,475$571
20 years$3,215$2,600$2,086$1,663$1,317$480
21 years$3,030$2,422$1,919$1,509$1,179$403
22 years$2,862$2,261$1,769$1,372$1,056$339
23 years$2,708$2,114$1,633$1,249$948$286
24 years$2,568$1,981$1,510$1,140$852$241
25 years$2,439$1,859$1,399$1,041$767$203
26 years$2,320$1,747$1,297$952$691$171
27 years$2,210$1,644$1,205$871$623$144
28 years$2,108$1,549$1,120$798$562$122
29 years$2,014$1,462$1,042$732$508$103
30 years$1,926$1,380$971$672$459$87
31 years$1,843$1,305$905$617$415$73
32 years$1,766$1,235$844$567$375$62
33 years$1,694$1,169$788$521$339$52
34 years$1,626$1,108$737$480$307$44
35 years$1,563$1,051$689$442$278$37
36 years$1,502$998$644$407$252$32
37 years$1,446$948$603$375$229$27
38 years$1,392$901$565$345$207$23
39 years$1,341$856$529$318$188$19
40 years$1,293$815$496$294$170$16
41 years$1,248$776$465$271$155$14
42 years$1,204$739$436$250$140$11
43 years$1,163$704$409$231$127$10
44 years$1,124$671$384$213$116$8
45 years$1,087$640$361$197$105$7
46 years$1,051$610$339$182$95$6
47 years$1,017$582$318$168$87$5
48 years$984$556$299$155$79$4
49 years$953$531$281$143$71$4
50 years$924$507$264$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $946,000, adding $4,637 every year, while hoping to spend $30,882 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: 32/38/30 Blend
39$946,000$946,000$946,000$946,000
40$1,047,275$997,137$982,474$1,071,113
41$1,121,239$1,013,139$982,529$1,105,899
42$1,201,712$1,028,889$981,550$1,140,315
43$1,289,326$1,044,344$979,471$1,176,793
44$1,384,775$1,059,455$976,221$1,215,535
45$1,488,824$1,074,170$971,727$1,256,769
46$1,602,314$1,088,434$965,910$1,300,744
47$1,726,172$1,102,189$958,689$1,347,740
48$1,861,416$1,115,371$949,980$1,398,063
49$2,009,169$1,127,913$939,693$1,452,056
50$2,170,667$1,139,743$927,735$1,510,096
51$2,347,269$1,150,784$914,008$1,572,602
52$2,540,472$1,160,955$898,410$1,640,038
53$2,751,927$1,170,169$880,834$1,712,918
54$2,983,449$1,178,332$861,167$1,791,810
55$3,237,037$1,185,347$839,292$1,877,344
56$3,514,893$1,191,107$815,086$1,970,216
57$3,819,442$1,195,501$788,422$2,071,198
58$4,153,355$1,198,411$759,164$2,181,142
59$4,519,574$1,199,709$727,172$2,300,991
60$4,921,338$1,199,263$692,300$2,431,790
61$5,362,216$1,196,928$654,394$2,574,692
62$5,846,140$1,192,555$613,294$2,730,975
63$6,377,438$1,185,982$568,831$2,902,048
64$6,960,881$1,177,040$520,831$3,089,471
65$7,601,723$1,165,546$469,111$3,294,970
66$8,305,751$1,151,311$413,479$3,520,449
67$9,079,344$1,134,131$353,736$3,768,015
68$9,929,524$1,113,791$289,674$4,039,995
69$10,864,032$1,090,063$221,074$4,338,958
70$11,891,393$1,062,706$147,710$4,667,746
71$13,021,001$1,031,464$69,344$5,029,496
72$14,263,204$996,067$0$5,427,672
73$15,629,405$956,228$0$5,870,675
74$17,132,165$911,645$0$6,382,142
75$18,785,328$861,997$0$6,944,606
76$20,604,141$806,945$0$7,563,309
77$22,605,409$746,131$0$8,244,032
78$24,807,646$679,176$0$8,993,153
79$27,231,249$605,679$0$9,817,704
80$29,898,697$525,218$0$10,725,443
81$32,834,755$437,345$0$11,724,923
82$36,066,712$341,587$0$12,825,579
83$39,624,638$237,445$0$14,037,815
84$43,541,664$124,393$0$15,373,103
85$47,854,299$1,874$0$16,844,095
86$52,602,771$0$0$18,464,742
87$57,831,409$0$0$20,305,080
88$63,589,057$0$0$22,332,667
89$69,929,539$0$0$24,565,696
90$76,912,164$0$0$27,025,080
91$84,602,286$0$0$29,733,861
92$93,071,919$0$0$32,717,434
93$102,400,422$0$0$36,003,779
94$112,675,240$0$0$39,623,729
95$123,992,734$0$0$43,611,263
96$136,459,087$0$0$48,003,822
97$150,191,310$0$0$52,842,664
98$165,318,342$0$0$58,173,255
99$181,982,267$0$0$64,045,697
100$200,339,659$0$0$70,515,199