Can I retire at age 40 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$78,615$77,915$77,232$76,565$75,914$74,749
2 years$38,918$38,194$37,491$36,810$36,149$34,978
3 years$25,688$24,960$24,259$23,585$22,935$21,794
4 years$19,074$18,348$17,655$16,991$16,357$15,256
5 years$15,107$14,385$13,701$13,051$12,434$11,376
6 years$12,463$11,747$11,072$10,437$9,839$8,824
7 years$10,575$9,865$9,201$8,581$8,002$7,031
8 years$9,159$8,456$7,803$7,198$6,638$5,711
9 years$8,059$7,362$6,721$6,131$5,590$4,707
10 years$7,180$6,490$5,859$5,285$4,763$3,922
11 years$6,460$5,777$5,159$4,600$4,097$3,298
12 years$5,862$5,185$4,578$4,035$3,550$2,792
13 years$5,355$4,686$4,090$3,562$3,096$2,377
14 years$4,921$4,260$3,675$3,162$2,714$2,034
15 years$4,546$3,891$3,318$2,820$2,389$1,747
16 years$4,218$3,570$3,008$2,525$2,112$1,506
17 years$3,928$3,288$2,737$2,269$1,872$1,301
18 years$3,671$3,038$2,499$2,044$1,665$1,127
19 years$3,442$2,816$2,288$1,847$1,484$978
20 years$3,236$2,617$2,100$1,673$1,325$851
21 years$3,049$2,437$1,931$1,518$1,186$741
22 years$2,880$2,275$1,780$1,381$1,063$646
23 years$2,725$2,128$1,643$1,257$954$564
24 years$2,584$1,994$1,520$1,147$858$493
25 years$2,454$1,871$1,408$1,047$772$431
26 years$2,335$1,758$1,306$958$695$377
27 years$2,224$1,655$1,212$877$627$330
28 years$2,122$1,559$1,127$803$566$289
29 years$2,027$1,471$1,049$736$511$253
30 years$1,938$1,389$977$676$461$222
31 years$1,855$1,313$911$621$417$195
32 years$1,778$1,243$850$570$377$171
33 years$1,705$1,177$793$525$342$150
34 years$1,637$1,115$741$483$309$132
35 years$1,572$1,058$693$444$280$116
36 years$1,512$1,004$648$409$254$102
37 years$1,455$954$607$377$230$89
38 years$1,401$906$568$348$209$78
39 years$1,350$862$532$320$189$69
40 years$1,302$820$499$296$172$61
41 years$1,256$781$468$273$156$53
42 years$1,212$743$439$252$141$47
43 years$1,171$708$412$232$128$41
44 years$1,131$675$387$214$116$36
45 years$1,094$644$363$198$106$32
46 years$1,058$614$341$183$96$28
47 years$1,023$586$320$169$87$25
48 years$991$559$301$156$79$22
49 years$959$534$283$144$72$19
50 years$929$510$266$133$65$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $952,000, adding $4,750 every year, while hoping to spend $59,757 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: 67/27/6 Blend
39$952,000$952,000$952,000$952,000
40$1,054,004$1,003,548$988,792$1,123,353
41$1,097,931$989,140$958,335$1,155,541
42$1,144,336$972,025$924,856$1,183,047
43$1,193,409$952,004$888,189$1,211,508
44$1,245,356$928,872$848,162$1,241,007
45$1,300,403$902,408$804,597$1,271,638
46$1,358,799$872,380$757,305$1,303,505
47$1,420,811$838,541$706,090$1,336,727
48$1,486,737$800,633$650,747$1,371,436
49$1,556,898$758,378$591,061$1,407,778
50$1,631,649$711,486$526,809$1,445,919
51$1,711,377$659,649$457,757$1,486,043
52$1,796,507$602,540$383,661$1,528,356
53$1,887,502$539,817$304,265$1,573,088
54$1,984,873$471,114$219,304$1,620,497
55$2,089,179$396,047$128,499$1,670,869
56$2,201,032$314,210$31,561$1,724,523
57$2,321,105$225,174$0$1,781,816
58$2,450,136$128,485$0$1,847,748
59$2,588,935$23,666$0$1,920,614
60$2,738,391$0$0$1,998,905
61$2,899,481$0$0$2,109,868
62$3,073,278$0$0$2,237,215
63$3,260,961$0$0$2,374,784
64$3,463,826$0$0$2,523,530
65$3,683,295$0$0$2,684,503
66$3,920,934$0$0$2,858,859
67$4,178,464$0$0$3,047,865
68$4,457,776$0$0$3,252,918
69$4,760,950$0$0$3,475,554
70$5,090,276$0$0$3,717,459
71$5,448,269$0$0$3,980,492
72$5,837,700$0$0$4,266,695
73$6,261,614$0$0$4,578,318
74$6,723,365$0$0$4,917,833
75$7,226,640$0$0$5,287,963
76$7,775,501$0$0$5,691,704
77$8,374,415$0$0$6,132,355
78$9,028,302$0$0$6,613,545
79$9,742,576$0$0$7,139,271
80$10,523,197$0$0$7,713,932
81$11,376,728$0$0$8,342,371
82$12,310,395$0$0$9,029,923
83$13,332,152$0$0$9,782,458
84$14,450,761$0$0$10,606,444
85$15,675,868$0$0$11,509,001
86$17,018,097$0$0$12,497,971
87$18,489,147$0$0$13,581,990
88$20,101,902$0$0$14,770,569
89$21,870,555$0$0$16,074,185
90$23,810,735$0$0$17,504,376
91$25,939,660$0$0$19,073,851
92$28,276,292$0$0$20,796,609
93$30,841,520$0$0$22,688,071
94$33,658,355$0$0$24,765,224
95$36,752,143$0$0$27,046,779
96$40,150,808$0$0$29,553,352
97$43,885,109$0$0$32,307,651
98$47,988,936$0$0$35,334,694
99$52,499,620$0$0$38,662,043
100$57,458,293$0$0$42,320,063