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%19.5%
1 years$78,120$77,424$76,745$76,082$75,435$72,557
2 years$38,673$37,953$37,255$36,578$35,922$33,056
3 years$25,526$24,803$24,106$23,436$22,790$20,027
4 years$18,954$18,233$17,543$16,884$16,254$13,614
5 years$15,011$14,295$13,614$12,969$12,356$9,847
6 years$12,384$11,673$11,002$10,371$9,777$7,399
7 years$10,508$9,803$9,143$8,527$7,951$5,705
8 years$9,102$8,403$7,754$7,153$6,596$4,479
9 years$8,008$7,316$6,679$6,093$5,555$3,564
10 years$7,134$6,449$5,822$5,252$4,733$2,865
11 years$6,420$5,741$5,126$4,571$4,071$2,321
12 years$5,825$5,153$4,549$4,009$3,528$1,891
13 years$5,321$4,657$4,064$3,539$3,076$1,549
14 years$4,890$4,233$3,652$3,142$2,697$1,273
15 years$4,517$3,867$3,297$2,802$2,374$1,050
16 years$4,191$3,548$2,989$2,509$2,098$868
17 years$3,904$3,267$2,720$2,254$1,861$719
18 years$3,648$3,019$2,483$2,032$1,654$597
19 years$3,420$2,798$2,273$1,836$1,475$496
20 years$3,215$2,600$2,086$1,663$1,317$413
21 years$3,030$2,422$1,919$1,509$1,179$344
22 years$2,862$2,261$1,769$1,372$1,056$287
23 years$2,708$2,114$1,633$1,249$948$239
24 years$2,568$1,981$1,510$1,140$852$200
25 years$2,439$1,859$1,399$1,041$767$167
26 years$2,320$1,747$1,297$952$691$139
27 years$2,210$1,644$1,205$871$623$116
28 years$2,108$1,549$1,120$798$562$97
29 years$2,014$1,462$1,042$732$508$81
30 years$1,926$1,380$971$672$459$68
31 years$1,843$1,305$905$617$415$57
32 years$1,766$1,235$844$567$375$47
33 years$1,694$1,169$788$521$339$40
34 years$1,626$1,108$737$480$307$33
35 years$1,563$1,051$689$442$278$28
36 years$1,502$998$644$407$252$23
37 years$1,446$948$603$375$229$19
38 years$1,392$901$565$345$207$16
39 years$1,341$856$529$318$188$14
40 years$1,293$815$496$294$170$11
41 years$1,248$776$465$271$155$10
42 years$1,204$739$436$250$140$8
43 years$1,163$704$409$231$127$7
44 years$1,124$671$384$213$116$6
45 years$1,087$640$361$197$105$5
46 years$1,051$610$339$182$95$4
47 years$1,017$582$318$168$87$3
48 years$984$556$299$155$79$3
49 years$953$531$281$143$71$2
50 years$924$507$264$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $946,000, adding $3,875 every year, while hoping to spend $35,508 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: 38/40/22 Blend
39$946,000$946,000$946,000$946,000
40$1,046,489$996,351$981,688$1,079,240
41$1,115,451$1,007,392$976,794$1,114,385
42$1,190,256$1,017,784$970,547$1,148,729
43$1,271,465$1,027,457$962,862$1,185,128
44$1,359,690$1,036,339$953,654$1,223,789
45$1,455,608$1,044,349$942,831$1,264,942
46$1,559,963$1,051,405$930,298$1,308,841
47$1,673,572$1,057,416$915,956$1,355,769
48$1,797,335$1,062,289$899,700$1,406,039
49$1,932,244$1,065,922$881,421$1,459,999
50$2,079,388$1,068,208$861,004$1,518,034
51$2,239,968$1,069,032$838,330$1,580,572
52$2,415,305$1,068,274$813,273$1,648,088
53$2,606,851$1,065,805$785,703$1,721,105
54$2,816,209$1,061,488$755,483$1,800,207
55$3,045,140$1,055,179$722,470$1,886,037
56$3,295,585$1,046,723$686,513$1,979,311
57$3,569,680$1,035,958$647,457$2,080,818
58$3,869,778$1,022,711$605,138$2,191,435
59$4,198,470$1,006,799$559,384$2,312,131
60$4,558,609$988,027$510,019$2,443,979
61$4,953,337$966,190$456,854$2,588,165
62$5,386,114$941,070$399,695$2,746,003
63$5,860,751$912,436$338,339$2,918,947
64$6,381,448$880,045$272,573$3,108,604
65$6,952,826$843,638$202,175$3,316,752
66$7,579,980$802,942$126,913$3,545,355
67$8,268,520$757,668$46,546$3,796,588
68$9,024,625$707,510$0$4,072,852
69$9,855,103$652,144$0$4,386,010
70$10,767,454$591,230$0$4,742,048
71$11,769,940$524,405$0$5,133,336
72$12,871,662$451,289$0$5,563,526
73$14,082,646$371,477$0$6,036,646
74$15,413,941$284,544$0$6,557,142
75$16,877,715$190,040$0$7,129,923
76$18,487,379$87,488$0$7,760,403
77$20,257,704$0$0$8,454,558
78$22,204,969$0$0$9,229,372
79$24,347,104$0$0$10,124,234
80$26,703,871$0$0$11,108,906
81$29,297,038$0$0$12,192,502
82$32,150,594$0$0$13,385,065
83$35,290,968$0$0$14,697,661
84$38,747,283$0$0$16,142,483
85$42,551,625$0$0$17,732,964
86$46,739,352$0$0$19,483,909
87$51,349,422$0$0$21,411,630
88$56,424,763$0$0$23,534,099
89$62,012,677$0$0$25,871,122
90$68,165,284$0$0$28,444,522
91$74,940,017$0$0$31,278,348
92$82,400,162$0$0$34,399,097
93$90,615,455$0$0$37,835,969
94$99,662,737$0$0$41,621,139
95$109,626,684$0$0$45,790,062
96$120,600,601$0$0$50,381,807
97$132,687,306$0$0$55,439,427
98$146,000,096$0$0$61,010,363
99$160,663,819$0$0$67,146,892
100$176,816,051$0$0$73,906,621