Can I retire at age 40 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$78,450$77,751$77,070$76,404$75,754$75,182
2 years$38,837$38,113$37,412$36,733$36,073$35,497
3 years$25,634$24,908$24,208$23,535$22,887$22,323
4 years$19,034$18,310$17,617$16,956$16,323$15,777
5 years$15,075$14,355$13,672$13,024$12,408$11,882
6 years$12,436$11,722$11,049$10,415$9,818$9,311
7 years$10,552$9,844$9,182$8,563$7,985$7,498
8 years$9,140$8,438$7,787$7,183$6,624$6,157
9 years$8,042$7,347$6,707$6,118$5,579$5,132
10 years$7,165$6,476$5,847$5,274$4,753$4,326
11 years$6,447$5,765$5,148$4,590$4,088$3,680
12 years$5,849$5,175$4,568$4,026$3,543$3,153
13 years$5,344$4,676$4,082$3,554$3,089$2,719
14 years$4,911$4,251$3,667$3,155$2,708$2,355
15 years$4,536$3,883$3,311$2,814$2,384$2,049
16 years$4,209$3,563$3,002$2,520$2,107$1,789
17 years$3,920$3,281$2,732$2,264$1,868$1,567
18 years$3,664$3,032$2,494$2,040$1,661$1,376
19 years$3,435$2,810$2,283$1,843$1,481$1,211
20 years$3,229$2,611$2,095$1,670$1,323$1,068
21 years$3,043$2,432$1,927$1,515$1,184$943
22 years$2,874$2,270$1,776$1,378$1,061$834
23 years$2,720$2,123$1,640$1,255$952$739
24 years$2,579$1,989$1,517$1,144$856$655
25 years$2,449$1,867$1,405$1,045$770$581
26 years$2,330$1,755$1,303$956$694$517
27 years$2,220$1,651$1,210$875$626$459
28 years$2,117$1,556$1,125$801$564$408
29 years$2,022$1,468$1,047$735$510$364
30 years$1,934$1,386$975$674$461$324
31 years$1,851$1,311$909$619$416$289
32 years$1,774$1,240$848$569$377$257
33 years$1,701$1,174$792$523$341$229
34 years$1,633$1,113$740$482$309$205
35 years$1,569$1,056$692$443$280$183
36 years$1,509$1,002$647$408$253$163
37 years$1,452$952$606$376$230$145
38 years$1,398$904$567$347$208$130
39 years$1,347$860$531$320$189$116
40 years$1,299$818$498$295$171$104
41 years$1,253$779$467$272$155$93
42 years$1,209$742$438$251$141$83
43 years$1,168$707$411$232$128$74
44 years$1,129$674$386$214$116$66
45 years$1,091$642$362$198$105$59
46 years$1,055$613$340$183$96$53
47 years$1,021$585$320$169$87$47
48 years$989$558$300$156$79$42
49 years$957$533$282$144$72$38
50 years$928$509$265$133$65$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $950,000, adding $6,458 every year, while hoping to spend $20,617 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: 48/44/8 Blend
39$950,000$950,000$950,000$950,000
40$1,053,561$1,003,211$988,486$1,101,575
41$1,139,088$1,030,432$999,664$1,162,397
42$1,232,648$1,058,296$1,010,526$1,225,695
43$1,335,038$1,086,813$1,021,038$1,293,939
44$1,447,137$1,115,991$1,031,168$1,367,594
45$1,569,911$1,145,841$1,040,878$1,447,172
46$1,704,426$1,176,371$1,050,132$1,533,239
47$1,851,855$1,207,591$1,058,888$1,626,416
48$2,013,489$1,239,508$1,067,106$1,727,385
49$2,190,751$1,272,130$1,074,740$1,836,901
50$2,385,208$1,305,465$1,081,745$1,955,791
51$2,598,586$1,339,520$1,088,071$2,084,968
52$2,832,787$1,374,301$1,093,666$2,225,437
53$3,089,905$1,409,815$1,098,477$2,378,302
54$3,372,245$1,446,067$1,102,446$2,544,783
55$3,682,351$1,483,060$1,105,515$2,726,220
56$4,023,020$1,520,800$1,107,619$2,924,092
57$4,397,338$1,559,289$1,108,694$3,140,025
58$4,808,701$1,598,528$1,108,669$3,375,812
59$5,260,852$1,638,520$1,107,474$3,633,428
60$5,757,915$1,679,263$1,105,030$3,915,046
61$6,304,433$1,720,758$1,101,259$4,223,064
62$6,905,410$1,763,001$1,096,077$4,560,120
63$7,566,363$1,805,988$1,089,396$4,929,123
64$8,293,365$1,849,714$1,081,124$5,333,277
65$9,093,111$1,894,173$1,071,164$5,776,111
66$9,972,977$1,939,356$1,059,417$6,261,514
67$10,941,088$1,985,253$1,045,775$6,793,773
68$12,006,400$2,031,851$1,030,129$7,377,607
69$13,178,777$2,079,135$1,012,362$8,018,220
70$14,469,089$2,127,090$992,354$8,721,344
71$15,889,315$2,175,697$969,976$9,493,296
72$17,452,652$2,224,932$945,097$10,341,035
73$19,173,642$2,274,773$917,577$11,272,231
74$21,068,308$2,325,193$887,271$12,295,336
75$23,154,308$2,376,159$854,027$13,419,663
76$25,451,096$2,427,640$817,686$14,655,474
77$27,980,111$2,479,597$778,081$16,014,078
78$30,764,975$2,531,990$735,040$17,507,938
79$33,831,718$2,584,773$688,379$19,150,786
80$37,209,023$2,637,897$637,910$20,957,757
81$40,928,497$2,691,308$583,434$22,945,528
82$45,024,969$2,744,946$524,743$25,132,478
83$49,536,816$2,798,749$461,623$27,538,859
84$54,506,329$2,852,646$393,845$30,186,992
85$59,980,111$2,906,562$321,175$33,101,472
86$66,009,514$2,960,415$243,366$36,309,406
87$72,651,126$3,014,117$160,161$39,840,665
88$79,967,305$3,067,572$71,290$43,728,167
89$88,026,765$3,120,679$0$48,008,188
90$96,905,229$3,173,326$0$52,722,719
91$106,686,137$3,225,393$0$57,920,431
92$117,461,440$3,276,755$0$63,643,811
93$129,332,463$3,327,272$0$69,946,392
94$142,410,865$3,376,799$0$76,887,170
95$156,819,688$3,425,177$0$84,531,157
96$172,694,522$3,472,237$0$92,949,995
97$190,184,786$3,517,799$0$102,222,638
98$209,455,132$3,561,669$0$112,436,092
99$230,687,005$3,603,641$0$123,686,238
100$254,080,355$3,643,494$0$136,078,739