Can I retire at age 40 with 949,000?

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 $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%14.3%
1 years$78,368$77,669$76,988$76,324$75,675$74,329
2 years$38,796$38,073$37,373$36,694$36,036$34,685
3 years$25,607$24,881$24,183$23,510$22,862$21,548
4 years$19,014$18,290$17,599$16,938$16,306$15,038
5 years$15,059$14,340$13,657$13,010$12,395$11,178
6 years$12,423$11,710$11,037$10,404$9,808$8,643
7 years$10,541$9,834$9,172$8,554$7,977$6,863
8 years$9,131$8,429$7,779$7,176$6,617$5,556
9 years$8,034$7,339$6,700$6,112$5,573$4,562
10 years$7,157$6,469$5,841$5,269$4,748$3,788
11 years$6,440$5,759$5,142$4,585$4,084$3,173
12 years$5,843$5,169$4,564$4,022$3,539$2,676
13 years$5,338$4,671$4,077$3,551$3,086$2,270
14 years$4,906$4,246$3,663$3,152$2,705$1,934
15 years$4,532$3,879$3,308$2,811$2,382$1,654
16 years$4,204$3,559$2,999$2,517$2,105$1,420
17 years$3,916$3,278$2,729$2,261$1,866$1,222
18 years$3,660$3,029$2,491$2,038$1,660$1,054
19 years$3,431$2,807$2,280$1,842$1,479$911
20 years$3,225$2,608$2,093$1,668$1,321$788
21 years$3,039$2,430$1,925$1,514$1,182$683
22 years$2,871$2,268$1,774$1,376$1,060$593
23 years$2,717$2,121$1,638$1,253$951$515
24 years$2,576$1,987$1,515$1,143$855$448
25 years$2,447$1,865$1,403$1,044$769$390
26 years$2,327$1,753$1,301$955$693$340
27 years$2,217$1,650$1,209$874$625$296
28 years$2,115$1,554$1,123$801$564$258
29 years$2,020$1,466$1,045$734$509$225
30 years$1,932$1,385$974$674$460$196
31 years$1,849$1,309$908$619$416$171
32 years$1,772$1,239$847$569$376$150
33 years$1,700$1,173$791$523$340$131
34 years$1,632$1,112$739$481$308$114
35 years$1,568$1,055$691$443$279$100
36 years$1,507$1,001$646$408$253$87
37 years$1,450$951$605$376$229$76
38 years$1,397$903$566$346$208$67
39 years$1,346$859$531$319$189$58
40 years$1,297$817$497$295$171$51
41 years$1,252$778$466$272$155$45
42 years$1,208$741$438$251$141$39
43 years$1,167$706$411$232$128$34
44 years$1,128$673$385$214$116$30
45 years$1,090$642$362$197$105$26
46 years$1,054$612$340$182$96$23
47 years$1,020$584$319$169$87$20
48 years$988$558$300$156$79$17
49 years$956$533$282$144$72$15
50 years$927$509$265$133$65$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $949,000, adding $5,725 every year, while hoping to spend $31,899 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: 28/45/27 Blend
39$949,000$949,000$949,000$949,000
40$1,051,703$1,001,406$986,697$1,072,208
41$1,125,037$1,016,535$985,811$1,104,107
42$1,204,781$1,031,336$983,826$1,135,210
43$1,291,557$1,045,759$980,672$1,167,979
44$1,386,046$1,059,751$976,275$1,202,581
45$1,488,999$1,073,256$970,557$1,239,197
46$1,601,244$1,086,212$963,437$1,278,033
47$1,723,689$1,098,555$954,830$1,319,314
48$1,857,335$1,110,214$944,648$1,363,291
49$2,003,285$1,121,117$932,795$1,410,244
50$2,162,752$1,131,183$919,176$1,460,482
51$2,337,072$1,140,330$903,687$1,514,350
52$2,527,713$1,148,467$886,221$1,572,228
53$2,736,297$1,155,498$866,666$1,634,541
54$2,964,605$1,161,323$844,905$1,701,758
55$3,214,600$1,165,834$820,815$1,774,399
56$3,488,445$1,168,915$794,267$1,853,041
57$3,788,519$1,170,444$765,128$1,938,324
58$4,117,444$1,170,293$733,256$2,030,957
59$4,478,109$1,168,323$698,506$2,131,725
60$4,873,693$1,164,387$660,723$2,241,497
61$5,307,700$1,158,332$619,747$2,361,237
62$5,783,987$1,149,992$575,410$2,492,009
63$6,306,804$1,139,193$527,537$2,634,996
64$6,880,834$1,125,749$475,946$2,791,502
65$7,511,234$1,109,465$420,444$2,962,974
66$8,203,683$1,090,132$360,833$3,151,010
67$8,964,441$1,067,531$296,903$3,357,380
68$9,800,401$1,041,428$228,437$3,584,040
69$10,719,160$1,011,575$155,207$3,833,153
70$11,729,084$977,712$76,976$4,107,112
71$12,839,392$939,562$0$4,408,562
72$14,060,241$896,831$0$4,742,302
73$15,402,821$849,211$0$5,133,476
74$16,879,459$796,372$0$5,563,532
75$18,503,739$737,970$0$6,036,498
76$20,290,627$673,637$0$6,556,819
77$22,256,611$602,986$0$7,129,398
78$24,419,861$525,608$0$7,759,647
79$26,800,394$441,070$0$8,453,540
80$29,420,268$348,915$0$9,217,664
81$32,303,785$248,662$0$10,059,291
82$35,477,724$139,799$0$10,986,442
83$38,971,592$21,789$0$12,007,967
84$42,817,901$0$0$13,133,628
85$47,052,477$0$0$14,426,654
86$51,714,794$0$0$15,862,366
87$56,848,352$0$0$17,443,391
88$62,501,080$0$0$19,184,518
89$68,725,793$0$0$21,102,040
90$75,580,690$0$0$23,213,912
91$83,129,899$0$0$25,539,917
92$91,444,087$0$0$28,101,857
93$100,601,123$0$0$30,923,757
94$110,686,813$0$0$34,032,089
95$121,795,711$0$0$37,456,026
96$134,032,011$0$0$41,227,713
97$147,510,527$0$0$45,382,574
98$162,357,780$0$0$49,959,644
99$178,713,190$0$0$55,001,939
100$196,730,391$0$0$60,556,860