Can I retire at age 40 with 952,000?

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 $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%14.3%
1 years$78,615$77,915$77,232$76,565$75,914$74,564
2 years$38,918$38,194$37,491$36,810$36,149$34,794
3 years$25,688$24,960$24,259$23,585$22,935$21,616
4 years$19,074$18,348$17,655$16,991$16,357$15,086
5 years$15,107$14,385$13,701$13,051$12,434$11,213
6 years$12,463$11,747$11,072$10,437$9,839$8,670
7 years$10,575$9,865$9,201$8,581$8,002$6,885
8 years$9,159$8,456$7,803$7,198$6,638$5,573
9 years$8,059$7,362$6,721$6,131$5,590$4,577
10 years$7,180$6,490$5,859$5,285$4,763$3,800
11 years$6,460$5,777$5,159$4,600$4,097$3,183
12 years$5,862$5,185$4,578$4,035$3,550$2,684
13 years$5,355$4,686$4,090$3,562$3,096$2,277
14 years$4,921$4,260$3,675$3,162$2,714$1,940
15 years$4,546$3,891$3,318$2,820$2,389$1,660
16 years$4,218$3,570$3,008$2,525$2,112$1,424
17 years$3,928$3,288$2,737$2,269$1,872$1,226
18 years$3,671$3,038$2,499$2,044$1,665$1,057
19 years$3,442$2,816$2,288$1,847$1,484$913
20 years$3,236$2,617$2,100$1,673$1,325$791
21 years$3,049$2,437$1,931$1,518$1,186$685
22 years$2,880$2,275$1,780$1,381$1,063$595
23 years$2,725$2,128$1,643$1,257$954$517
24 years$2,584$1,994$1,520$1,147$858$449
25 years$2,454$1,871$1,408$1,047$772$391
26 years$2,335$1,758$1,306$958$695$341
27 years$2,224$1,655$1,212$877$627$297
28 years$2,122$1,559$1,127$803$566$259
29 years$2,027$1,471$1,049$736$511$226
30 years$1,938$1,389$977$676$461$197
31 years$1,855$1,313$911$621$417$172
32 years$1,778$1,243$850$570$377$150
33 years$1,705$1,177$793$525$342$131
34 years$1,637$1,115$741$483$309$115
35 years$1,572$1,058$693$444$280$100
36 years$1,512$1,004$648$409$254$87
37 years$1,455$954$607$377$230$76
38 years$1,401$906$568$348$209$67
39 years$1,350$862$532$320$189$58
40 years$1,302$820$499$296$172$51
41 years$1,256$781$468$273$156$45
42 years$1,212$743$439$252$141$39
43 years$1,171$708$412$232$128$34
44 years$1,131$675$387$214$116$30
45 years$1,094$644$363$198$106$26
46 years$1,058$614$341$183$96$23
47 years$1,023$586$320$169$87$20
48 years$991$559$301$156$79$17
49 years$959$534$283$144$72$15
50 years$929$510$266$133$65$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $952,000, adding $4,863 every year, while hoping to spend $35,918 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: 59/24/17 Blend
39$952,000$952,000$952,000$952,000
40$1,054,120$1,003,664$988,908$1,111,407
41$1,123,424$1,014,627$983,820$1,161,690
42$1,198,593$1,024,924$977,358$1,212,113
43$1,280,187$1,034,483$969,437$1,266,276
44$1,368,824$1,043,230$959,971$1,324,543
45$1,465,180$1,051,084$948,865$1,387,321
46$1,570,001$1,057,960$936,026$1,455,055
47$1,684,108$1,063,767$921,350$1,528,238
48$1,808,405$1,068,409$904,732$1,607,415
49$1,943,884$1,071,783$886,062$1,693,186
50$2,091,639$1,073,779$865,224$1,786,214
51$2,252,873$1,074,282$842,097$1,887,232
52$2,428,912$1,073,167$816,553$1,997,048
53$2,621,214$1,070,305$788,460$2,116,554
54$2,831,383$1,065,556$757,679$2,246,734
55$3,061,189$1,058,773$724,066$2,388,675
56$3,312,576$1,049,799$687,468$2,543,577
57$3,587,688$1,038,468$647,727$2,712,763
58$3,888,884$1,024,605$604,678$2,897,695
59$4,218,762$1,008,022$558,147$3,099,983
60$4,580,184$988,524$507,953$3,321,408
61$4,976,302$965,900$453,908$3,563,933
62$5,410,584$939,929$395,814$3,829,723
63$5,886,855$910,377$333,465$4,121,170
64$6,409,323$876,994$266,645$4,440,909
65$6,982,627$839,520$195,130$4,791,851
66$7,611,873$797,675$118,686$5,177,205
67$8,302,689$751,165$37,066$5,600,513
68$9,061,271$699,681$0$6,065,682
69$9,894,448$642,892$0$6,586,096
70$10,809,740$580,452$0$7,165,200
71$11,815,433$511,993$0$7,801,556
72$12,920,654$437,128$0$8,501,001
73$14,135,459$355,445$0$9,269,969
74$15,470,926$266,513$0$10,115,555
75$16,939,261$169,872$0$11,045,579
76$18,553,911$65,041$0$12,068,661
77$20,329,690$0$0$13,194,304
78$22,282,923$0$0$14,445,794
79$24,431,592$0$0$15,841,489
80$26,795,514$0$0$17,377,095
81$29,396,521$0$0$19,066,807
82$32,258,669$0$0$20,926,261
83$35,408,461$0$0$22,972,692
84$38,875,105$0$0$25,225,085
85$42,690,777$0$0$27,704,361
86$46,890,937$0$0$30,433,572
87$51,514,652$0$0$33,438,119
88$56,604,972$0$0$36,745,989
89$62,209,334$0$0$40,388,024
90$68,380,006$0$0$44,398,206
91$75,174,584$0$0$48,813,980
92$82,656,533$0$0$53,676,608
93$90,895,787$0$0$59,031,558
94$99,969,406$0$0$64,928,931
95$109,962,305$0$0$71,423,935
96$120,968,053$0$0$78,577,405
97$133,089,761$0$0$86,456,378
98$146,441,046$0$0$95,134,725
99$161,147,110$0$0$104,693,847
100$177,345,919$0$0$115,223,444