Can I retire at age 40 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$78,202$77,506$76,826$76,163$75,515$73,451
2 years$38,714$37,993$37,294$36,617$35,960$33,895
3 years$25,553$24,829$24,132$23,461$22,814$20,814
4 years$18,974$18,252$17,562$16,902$16,271$14,351
5 years$15,027$14,310$13,629$12,982$12,369$10,534
6 years$12,397$11,685$11,014$10,382$9,787$8,038
7 years$10,519$9,813$9,153$8,536$7,960$6,298
8 years$9,111$8,412$7,762$7,160$6,603$5,027
9 years$8,017$7,324$6,686$6,099$5,561$4,069
10 years$7,142$6,456$5,829$5,257$4,738$3,329
11 years$6,427$5,747$5,131$4,576$4,075$2,746
12 years$5,831$5,158$4,554$4,013$3,531$2,280
13 years$5,327$4,661$4,069$3,543$3,079$1,903
14 years$4,896$4,237$3,656$3,145$2,699$1,595
15 years$4,522$3,871$3,301$2,805$2,377$1,342
16 years$4,196$3,551$2,993$2,512$2,101$1,132
17 years$3,908$3,271$2,723$2,257$1,863$958
18 years$3,652$3,022$2,486$2,034$1,656$811
19 years$3,424$2,801$2,276$1,838$1,476$689
20 years$3,219$2,603$2,088$1,664$1,318$586
21 years$3,033$2,424$1,921$1,510$1,180$498
22 years$2,865$2,263$1,771$1,373$1,058$425
23 years$2,711$2,117$1,635$1,251$949$362
24 years$2,571$1,983$1,512$1,141$853$309
25 years$2,442$1,861$1,400$1,042$768$264
26 years$2,323$1,749$1,299$953$692$225
27 years$2,213$1,646$1,206$872$624$193
28 years$2,111$1,551$1,121$799$563$165
29 years$2,016$1,463$1,043$733$508$141
30 years$1,928$1,382$972$672$459$120
31 years$1,845$1,306$906$617$415$103
32 years$1,768$1,236$845$567$375$88
33 years$1,696$1,171$789$522$340$76
34 years$1,628$1,109$737$480$308$65
35 years$1,564$1,052$689$442$279$55
36 years$1,504$999$645$407$252$47
37 years$1,447$949$604$375$229$41
38 years$1,394$902$565$346$207$35
39 years$1,343$857$530$319$188$30
40 years$1,295$816$496$294$171$26
41 years$1,249$776$465$271$155$22
42 years$1,206$739$437$250$140$19
43 years$1,164$705$410$231$127$16
44 years$1,125$672$385$213$116$14
45 years$1,088$640$361$197$105$12
46 years$1,052$611$339$182$95$10
47 years$1,018$583$319$168$87$9
48 years$985$557$299$155$79$7
49 years$954$531$281$144$71$6
50 years$925$508$265$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $947,000, adding $4,277 every year, while hoping to spend $41,472 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: 66/14/20 Blend
39$947,000$947,000$947,000$947,000
40$1,048,006$997,815$983,136$1,111,632
41$1,110,776$1,002,582$971,945$1,159,599
42$1,178,560$1,006,192$958,990$1,206,864
43$1,251,823$1,008,546$944,166$1,257,548
44$1,331,081$1,009,536$927,367$1,311,986
45$1,416,897$1,009,050$908,480$1,370,550
46$1,509,893$1,006,966$887,387$1,433,649
47$1,610,751$1,003,156$863,963$1,501,735
48$1,720,223$997,486$838,081$1,575,309
49$1,839,134$989,811$809,605$1,654,922
50$1,968,392$979,978$778,394$1,741,183
51$2,108,997$967,826$744,299$1,834,764
52$2,262,049$953,184$707,167$1,936,409
53$2,428,757$935,869$666,836$2,046,938
54$2,610,452$915,688$623,137$2,167,255
55$2,808,600$892,439$575,894$2,298,361
56$3,024,813$865,904$524,922$2,441,358
57$3,260,867$835,857$470,030$2,597,465
58$3,518,715$802,053$411,016$2,768,025
59$3,800,509$764,239$347,670$2,954,523
60$4,108,617$722,142$279,772$3,158,595
61$4,445,646$675,477$207,095$3,382,050
62$4,814,467$623,941$129,398$3,626,882
63$5,218,242$567,214$46,432$3,895,291
64$5,660,452$504,957$0$4,189,707
65$6,144,932$436,813$0$4,521,795
66$6,675,902$362,404$0$4,896,684
67$7,258,013$281,330$0$5,307,779
68$7,896,386$193,171$0$5,758,742
69$8,596,661$97,481$0$6,253,609
70$9,365,053$0$0$6,796,831
71$10,208,404$0$0$7,394,268
72$11,134,252$0$0$8,066,694
73$12,150,901$0$0$8,805,132
74$13,267,499$0$0$9,616,234
75$14,494,121$0$0$10,507,326
76$15,841,870$0$0$11,486,482
77$17,322,973$0$0$12,562,596
78$18,950,903$0$0$13,745,465
79$20,740,503$0$0$15,045,883
80$22,708,126$0$0$16,475,743
81$24,871,787$0$0$18,048,146
82$27,251,336$0$0$19,777,529
83$29,868,641$0$0$21,679,796
84$32,747,798$0$0$23,772,470
85$35,915,355$0$0$26,074,859
86$39,400,562$0$0$28,608,236
87$43,235,648$0$0$31,396,040
88$47,456,123$0$0$34,464,098
89$52,101,116$0$0$37,840,866
90$57,213,740$0$0$41,557,700
91$62,841,497$0$0$45,649,148
92$69,036,732$0$0$50,153,280
93$75,857,122$0$0$55,112,042
94$83,366,219$0$0$60,571,657
95$91,634,051$0$0$66,583,056
96$100,737,783$0$0$73,202,359
97$110,762,443$0$0$80,491,408
98$121,801,724$0$0$88,518,346
99$133,958,870$0$0$97,358,261
100$147,347,646$0$0$107,093,895