Can I retire at age 40 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$78,368$77,669$76,988$76,324$75,675$74,086
2 years$38,796$38,073$37,373$36,694$36,036$34,443
3 years$25,607$24,881$24,183$23,510$22,862$21,315
4 years$19,014$18,290$17,599$16,938$16,306$14,815
5 years$15,059$14,340$13,657$13,010$12,395$10,966
6 years$12,423$11,710$11,037$10,404$9,808$8,442
7 years$10,541$9,834$9,172$8,554$7,977$6,674
8 years$9,131$8,429$7,779$7,176$6,617$5,377
9 years$8,034$7,339$6,700$6,112$5,573$4,395
10 years$7,157$6,469$5,841$5,269$4,748$3,631
11 years$6,440$5,759$5,142$4,585$4,084$3,026
12 years$5,843$5,169$4,564$4,022$3,539$2,539
13 years$5,338$4,671$4,077$3,551$3,086$2,142
14 years$4,906$4,246$3,663$3,152$2,705$1,815
15 years$4,532$3,879$3,308$2,811$2,382$1,544
16 years$4,204$3,559$2,999$2,517$2,105$1,318
17 years$3,916$3,278$2,729$2,261$1,866$1,128
18 years$3,660$3,029$2,491$2,038$1,660$967
19 years$3,431$2,807$2,280$1,842$1,479$831
20 years$3,225$2,608$2,093$1,668$1,321$715
21 years$3,039$2,430$1,925$1,514$1,182$616
22 years$2,871$2,268$1,774$1,376$1,060$531
23 years$2,717$2,121$1,638$1,253$951$459
24 years$2,576$1,987$1,515$1,143$855$396
25 years$2,447$1,865$1,403$1,044$769$343
26 years$2,327$1,753$1,301$955$693$297
27 years$2,217$1,650$1,209$874$625$257
28 years$2,115$1,554$1,123$801$564$222
29 years$2,020$1,466$1,045$734$509$193
30 years$1,932$1,385$974$674$460$167
31 years$1,849$1,309$908$619$416$145
32 years$1,772$1,239$847$569$376$126
33 years$1,700$1,173$791$523$340$109
34 years$1,632$1,112$739$481$308$95
35 years$1,568$1,055$691$443$279$82
36 years$1,507$1,001$646$408$253$71
37 years$1,450$951$605$376$229$62
38 years$1,397$903$566$346$208$54
39 years$1,346$859$531$319$189$47
40 years$1,297$817$497$295$171$40
41 years$1,252$778$466$272$155$35
42 years$1,208$741$438$251$141$31
43 years$1,167$706$411$232$128$27
44 years$1,128$673$385$214$116$23
45 years$1,090$642$362$197$105$20
46 years$1,054$612$340$182$96$17
47 years$1,020$584$319$169$87$15
48 years$988$558$300$156$79$13
49 years$956$533$282$144$72$11
50 years$927$509$265$133$65$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $949,000, adding $6,268 every year, while hoping to spend $23,522 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: 69/15/16 Blend
39$949,000$949,000$949,000$949,000
40$1,052,263$1,001,966$987,257$1,120,495
41$1,134,567$1,026,036$995,303$1,190,812
42$1,224,477$1,050,496$1,002,830$1,264,337
43$1,322,745$1,075,341$1,009,796$1,344,186
44$1,430,198$1,100,565$1,016,156$1,430,982
45$1,547,745$1,126,160$1,021,865$1,525,405
46$1,676,390$1,152,117$1,026,872$1,628,211
47$1,817,236$1,178,425$1,031,126$1,740,227
48$1,971,498$1,205,072$1,034,574$1,862,367
49$2,140,516$1,232,046$1,037,157$1,995,637
50$2,325,763$1,259,330$1,038,816$2,141,147
51$2,528,864$1,286,910$1,039,489$2,300,118
52$2,751,605$1,314,766$1,039,109$2,473,896
53$2,995,957$1,342,878$1,037,608$2,663,964
54$3,264,090$1,371,224$1,034,913$2,871,956
55$3,558,392$1,399,779$1,030,947$3,099,673
56$3,881,496$1,428,516$1,025,632$3,349,098
57$4,236,301$1,457,406$1,018,883$3,622,419
58$4,626,001$1,486,416$1,010,613$3,922,045
59$5,054,115$1,515,513$1,000,731$4,250,629
60$5,524,519$1,544,657$989,140$4,611,099
61$6,041,483$1,573,808$975,739$5,006,677
62$6,609,712$1,602,922$960,423$5,440,917
63$7,234,388$1,631,951$943,083$5,917,733
64$7,921,221$1,660,841$923,601$6,441,442
65$8,676,502$1,689,539$901,859$7,016,796
66$9,507,162$1,717,984$877,728$7,649,037
67$10,420,838$1,746,110$851,077$8,343,939
68$11,425,942$1,773,849$821,768$9,107,865
69$12,531,747$1,801,126$789,655$9,947,830
70$13,748,464$1,827,860$754,588$10,871,561
71$15,087,349$1,853,967$716,408$11,887,578
72$16,560,801$1,879,354$674,950$13,005,267
73$18,182,484$1,903,923$630,042$14,234,973
74$19,967,451$1,927,569$581,502$15,588,097
75$21,932,291$1,950,180$529,142$17,077,204
76$24,095,281$1,971,636$472,765$18,716,141
77$26,476,563$1,991,808$412,166$20,520,167
78$29,098,327$2,010,562$347,128$22,506,100
79$31,985,028$2,027,751$277,428$24,692,475
80$35,163,610$2,043,220$202,832$27,099,718
81$38,663,766$2,056,805$123,094$29,750,337
82$42,518,211$2,068,330$37,958$32,669,142
83$46,762,998$2,077,607$0$35,883,472
84$51,437,853$2,084,439$0$39,432,488
85$56,586,552$2,088,615$0$43,347,866
86$62,257,332$2,089,909$0$47,659,764
87$68,503,349$2,088,083$0$52,408,561
88$75,383,176$2,082,885$0$57,638,756
89$82,961,359$2,074,045$0$63,399,385
90$91,309,023$2,061,279$0$69,744,486
91$100,504,545$2,044,283$0$76,733,606
92$110,634,294$2,022,738$0$84,432,369
93$121,793,443$1,996,304$0$92,913,088
94$134,086,870$1,964,619$0$102,255,453
95$147,630,148$1,927,302$0$112,547,283
96$162,550,633$1,883,949$0$123,885,353
97$178,988,666$1,834,131$0$136,376,309
98$197,098,901$1,777,395$0$150,137,674
99$217,051,763$1,713,261$0$165,298,959
100$239,035,052$1,641,221$0$182,002,886