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%18.6%
1 years$78,368$77,669$76,988$76,324$75,675$73,048
2 years$38,796$38,073$37,373$36,694$36,036$33,416
3 years$25,607$24,881$24,183$23,510$22,862$20,333
4 years$19,014$18,290$17,599$16,938$16,306$13,885
5 years$15,059$14,340$13,657$13,010$12,395$10,090
6 years$12,423$11,710$11,037$10,404$9,808$7,620
7 years$10,541$9,834$9,172$8,554$7,977$5,906
8 years$9,131$8,429$7,779$7,176$6,617$4,662
9 years$8,034$7,339$6,700$6,112$5,573$3,730
10 years$7,157$6,469$5,841$5,269$4,748$3,015
11 years$6,440$5,759$5,142$4,585$4,084$2,457
12 years$5,843$5,169$4,564$4,022$3,539$2,014
13 years$5,338$4,671$4,077$3,551$3,086$1,660
14 years$4,906$4,246$3,663$3,152$2,705$1,373
15 years$4,532$3,879$3,308$2,811$2,382$1,140
16 years$4,204$3,559$2,999$2,517$2,105$949
17 years$3,916$3,278$2,729$2,261$1,866$791
18 years$3,660$3,029$2,491$2,038$1,660$661
19 years$3,431$2,807$2,280$1,842$1,479$553
20 years$3,225$2,608$2,093$1,668$1,321$463
21 years$3,039$2,430$1,925$1,514$1,182$389
22 years$2,871$2,268$1,774$1,376$1,060$326
23 years$2,717$2,121$1,638$1,253$951$274
24 years$2,576$1,987$1,515$1,143$855$230
25 years$2,447$1,865$1,403$1,044$769$194
26 years$2,327$1,753$1,301$955$693$163
27 years$2,217$1,650$1,209$874$625$137
28 years$2,115$1,554$1,123$801$564$115
29 years$2,020$1,466$1,045$734$509$97
30 years$1,932$1,385$974$674$460$82
31 years$1,849$1,309$908$619$416$69
32 years$1,772$1,239$847$569$376$58
33 years$1,700$1,173$791$523$340$49
34 years$1,632$1,112$739$481$308$41
35 years$1,568$1,055$691$443$279$35
36 years$1,507$1,001$646$408$253$29
37 years$1,450$951$605$376$229$25
38 years$1,397$903$566$346$208$21
39 years$1,346$859$531$319$189$18
40 years$1,297$817$497$295$171$15
41 years$1,252$778$466$272$155$12
42 years$1,208$741$438$251$141$11
43 years$1,167$706$411$232$128$9
44 years$1,128$673$385$214$116$7
45 years$1,090$642$362$197$105$6
46 years$1,054$612$340$182$96$5
47 years$1,020$584$319$169$87$4
48 years$988$558$300$156$79$4
49 years$956$533$282$144$72$3
50 years$927$509$265$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $949,000, adding $4,457 every year, while hoping to spend $50,056 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: 41/40/19 Blend
39$949,000$949,000$949,000$949,000
40$1,050,395$1,000,098$985,389$1,087,415
41$1,104,277$995,844$965,140$1,109,920
42$1,161,976$989,704$942,536$1,129,088
43$1,223,830$981,532$917,443$1,148,796
44$1,290,208$971,174$889,725$1,169,120
45$1,361,516$958,468$859,237$1,190,144
46$1,438,198$943,240$825,829$1,211,970
47$1,520,742$925,307$789,342$1,234,708
48$1,609,685$904,474$749,612$1,258,488
49$1,705,615$880,536$706,467$1,283,456
50$1,809,181$853,275$659,726$1,309,778
51$1,921,092$822,461$609,202$1,337,641
52$2,042,131$787,848$554,698$1,367,258
53$2,173,156$749,180$496,007$1,398,868
54$2,315,111$706,184$432,917$1,432,741
55$2,469,035$658,569$365,202$1,469,181
56$2,636,069$606,032$292,629$1,508,530
57$2,817,469$548,249$214,954$1,551,173
58$3,014,617$484,879$131,920$1,597,540
59$3,229,031$415,561$43,263$1,648,115
60$3,462,384$339,915$0$1,703,438
61$3,716,514$257,538$0$1,774,525
62$3,993,446$168,005$0$1,861,679
63$4,295,407$70,867$0$1,956,938
64$4,624,849$0$0$2,061,211
65$4,984,471$0$0$2,190,626
66$5,377,242$0$0$2,366,152
67$5,806,434$0$0$2,558,072
68$6,275,645$0$0$2,768,011
69$6,788,840$0$0$2,997,758
70$7,350,383$0$0$3,249,283
71$7,965,079$0$0$3,524,754
72$8,638,220$0$0$3,826,561
73$9,375,634$0$0$4,157,334
74$10,183,738$0$0$4,519,970
75$11,069,600$0$0$4,917,661
76$12,041,004$0$0$5,353,921
77$13,106,525$0$0$5,832,622
78$14,275,604$0$0$6,358,026
79$15,558,644$0$0$6,934,832
80$16,967,103$0$0$7,568,213
81$18,513,600$0$0$8,263,869
82$20,212,040$0$0$9,028,079
83$22,077,738$0$0$9,867,758
84$24,127,564$0$0$10,790,528
85$26,380,107$0$0$11,804,782
86$28,855,843$0$0$12,919,769
87$31,577,330$0$0$14,145,678
88$34,569,421$0$0$15,493,735
89$37,859,499$0$0$16,976,307
90$41,477,731$0$0$18,607,021
91$45,457,354$0$0$20,400,891
92$49,834,989$0$0$22,374,458
93$54,650,983$0$0$24,545,948
94$59,949,793$0$0$26,935,443
95$65,780,401$0$0$29,565,069
96$72,196,776$0$0$32,459,207
97$79,258,384$0$0$35,644,719
98$87,030,749$0$0$39,151,206
99$95,586,068$0$0$43,011,283
100$105,003,892$0$0$47,260,887