Can I retire at age 40 with 947,000?

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 $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%12.7%
1 years$78,202$77,506$76,826$76,163$75,515$74,664
2 years$38,714$37,993$37,294$36,617$35,960$35,103
3 years$25,553$24,829$24,132$23,461$22,814$21,979
4 years$18,974$18,252$17,562$16,902$16,271$15,463
5 years$15,027$14,310$13,629$12,982$12,369$11,591
6 years$12,397$11,685$11,014$10,382$9,787$9,039
7 years$10,519$9,813$9,153$8,536$7,960$7,243
8 years$9,111$8,412$7,762$7,160$6,603$5,917
9 years$8,017$7,324$6,686$6,099$5,561$4,905
10 years$7,142$6,456$5,829$5,257$4,738$4,113
11 years$6,427$5,747$5,131$4,576$4,075$3,479
12 years$5,831$5,158$4,554$4,013$3,531$2,965
13 years$5,327$4,661$4,069$3,543$3,079$2,541
14 years$4,896$4,237$3,656$3,145$2,699$2,189
15 years$4,522$3,871$3,301$2,805$2,377$1,893
16 years$4,196$3,551$2,993$2,512$2,101$1,643
17 years$3,908$3,271$2,723$2,257$1,863$1,430
18 years$3,652$3,022$2,486$2,034$1,656$1,247
19 years$3,424$2,801$2,276$1,838$1,476$1,091
20 years$3,219$2,603$2,088$1,664$1,318$955
21 years$3,033$2,424$1,921$1,510$1,180$838
22 years$2,865$2,263$1,771$1,373$1,058$736
23 years$2,711$2,117$1,635$1,251$949$648
24 years$2,571$1,983$1,512$1,141$853$570
25 years$2,442$1,861$1,400$1,042$768$503
26 years$2,323$1,749$1,299$953$692$443
27 years$2,213$1,646$1,206$872$624$391
28 years$2,111$1,551$1,121$799$563$346
29 years$2,016$1,463$1,043$733$508$305
30 years$1,928$1,382$972$672$459$270
31 years$1,845$1,306$906$617$415$239
32 years$1,768$1,236$845$567$375$211
33 years$1,696$1,171$789$522$340$187
34 years$1,628$1,109$737$480$308$166
35 years$1,564$1,052$689$442$279$147
36 years$1,504$999$645$407$252$130
37 years$1,447$949$604$375$229$115
38 years$1,394$902$565$346$207$102
39 years$1,343$857$530$319$188$90
40 years$1,295$816$496$294$171$80
41 years$1,249$776$465$271$155$71
42 years$1,206$739$437$250$140$63
43 years$1,164$705$410$231$127$56
44 years$1,125$672$385$213$116$49
45 years$1,088$640$361$197$105$44
46 years$1,052$611$339$182$95$39
47 years$1,018$583$319$168$87$35
48 years$985$557$299$155$79$31
49 years$954$531$281$144$71$27
50 years$925$508$265$133$65$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $947,000, adding $4,273 every year, while hoping to spend $29,630 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: 68/7/25 Blend
39$947,000$947,000$947,000$947,000
40$1,048,002$997,811$983,132$1,112,259
41$1,123,372$1,015,177$984,541$1,173,294
42$1,205,436$1,032,402$985,004$1,236,255
43$1,294,847$1,049,446$984,458$1,304,450
44$1,392,322$1,066,269$982,837$1,378,395
45$1,498,648$1,082,826$980,072$1,458,662
46$1,614,696$1,099,070$976,090$1,545,879
47$1,741,421$1,114,950$970,815$1,640,739
48$1,879,876$1,130,413$964,168$1,744,006
49$2,031,220$1,145,399$956,063$1,856,524
50$2,196,728$1,159,847$946,415$1,979,220
51$2,377,804$1,173,690$935,130$2,113,119
52$2,575,997$1,186,857$922,113$2,259,350
53$2,793,008$1,199,273$907,264$2,419,158
54$3,030,713$1,210,856$890,476$2,593,914
55$3,291,178$1,221,520$871,639$2,785,133
56$3,576,678$1,231,174$850,638$2,994,483
57$3,889,717$1,239,720$827,353$3,223,801
58$4,233,055$1,247,053$801,656$3,475,117
59$4,609,732$1,253,063$773,416$3,750,664
60$5,023,093$1,257,632$742,495$4,052,908
61$5,476,827$1,260,635$708,747$4,384,564
62$5,974,996$1,261,938$672,022$4,748,629
63$6,522,073$1,261,401$632,162$5,148,403
64$7,122,987$1,258,872$589,003$5,587,526
65$7,783,168$1,254,193$542,370$6,070,012
66$8,508,597$1,247,194$492,085$6,600,282
67$9,305,863$1,237,696$437,960$7,183,215
68$10,182,226$1,225,508$379,796$7,824,184
69$11,145,684$1,210,429$317,390$8,529,115
70$12,205,048$1,192,244$250,527$9,304,542
71$13,370,027$1,170,727$178,983$10,157,662
72$14,651,314$1,145,638$102,524$11,096,415
73$16,060,696$1,116,722$20,906$12,129,549
74$17,611,156$1,083,710$0$13,266,708
75$19,316,999$1,046,317$0$14,536,181
76$21,193,987$1,004,241$0$15,939,126
77$23,259,488$957,163$0$17,482,952
78$25,532,637$904,745$0$19,181,972
79$28,034,519$846,630$0$21,051,960
80$30,788,365$782,441$0$23,110,297
81$33,819,775$711,777$0$25,376,136
82$37,156,955$634,217$0$27,870,582
83$40,830,986$549,315$0$30,616,892
84$44,876,115$456,600$0$33,640,694
85$49,330,078$355,573$0$36,970,229
86$54,234,459$245,708$0$40,636,620
87$59,635,077$126,451$0$44,674,159
88$65,582,422$0$0$49,120,639
89$72,132,130$0$0$54,017,919
90$79,345,507$0$0$59,422,232
91$87,290,111$0$0$65,374,462
92$96,040,381$0$0$71,930,392
93$105,678,350$0$0$79,151,489
94$116,294,409$0$0$87,105,491
95$127,988,168$0$0$95,867,038
96$140,869,390$0$0$105,518,382
97$155,059,029$0$0$116,150,160
98$170,690,371$0$0$127,862,249
99$187,910,293$0$0$140,764,712
100$206,880,647$0$0$154,978,832