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%13.6%
1 years$78,615$77,915$77,232$76,565$75,914$74,779
2 years$38,918$38,194$37,491$36,810$36,149$35,009
3 years$25,688$24,960$24,259$23,585$22,935$21,824
4 years$19,074$18,348$17,655$16,991$16,357$15,284
5 years$15,107$14,385$13,701$13,051$12,434$11,403
6 years$12,463$11,747$11,072$10,437$9,839$8,850
7 years$10,575$9,865$9,201$8,581$8,002$7,055
8 years$9,159$8,456$7,803$7,198$6,638$5,734
9 years$8,059$7,362$6,721$6,131$5,590$4,729
10 years$7,180$6,490$5,859$5,285$4,763$3,943
11 years$6,460$5,777$5,159$4,600$4,097$3,317
12 years$5,862$5,185$4,578$4,035$3,550$2,810
13 years$5,355$4,686$4,090$3,562$3,096$2,395
14 years$4,921$4,260$3,675$3,162$2,714$2,050
15 years$4,546$3,891$3,318$2,820$2,389$1,762
16 years$4,218$3,570$3,008$2,525$2,112$1,520
17 years$3,928$3,288$2,737$2,269$1,872$1,314
18 years$3,671$3,038$2,499$2,044$1,665$1,139
19 years$3,442$2,816$2,288$1,847$1,484$990
20 years$3,236$2,617$2,100$1,673$1,325$861
21 years$3,049$2,437$1,931$1,518$1,186$750
22 years$2,880$2,275$1,780$1,381$1,063$655
23 years$2,725$2,128$1,643$1,257$954$572
24 years$2,584$1,994$1,520$1,147$858$500
25 years$2,454$1,871$1,408$1,047$772$438
26 years$2,335$1,758$1,306$958$695$383
27 years$2,224$1,655$1,212$877$627$336
28 years$2,122$1,559$1,127$803$566$295
29 years$2,027$1,471$1,049$736$511$258
30 years$1,938$1,389$977$676$461$227
31 years$1,855$1,313$911$621$417$199
32 years$1,778$1,243$850$570$377$175
33 years$1,705$1,177$793$525$342$154
34 years$1,637$1,115$741$483$309$135
35 years$1,572$1,058$693$444$280$119
36 years$1,512$1,004$648$409$254$104
37 years$1,455$954$607$377$230$92
38 years$1,401$906$568$348$209$81
39 years$1,350$862$532$320$189$71
40 years$1,302$820$499$296$172$62
41 years$1,256$781$468$273$156$55
42 years$1,212$743$439$252$141$48
43 years$1,171$708$412$232$128$42
44 years$1,131$675$387$214$116$37
45 years$1,094$644$363$198$106$33
46 years$1,058$614$341$183$96$29
47 years$1,023$586$320$169$87$25
48 years$991$559$301$156$79$22
49 years$959$534$283$144$72$20
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 $5,361 every year, while hoping to spend $46,613 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: 67/26/7 Blend
39$952,000$952,000$952,000$952,000
40$1,054,634$1,004,178$989,422$1,123,676
41$1,112,611$1,003,787$972,972$1,169,785
42$1,174,939$1,001,814$954,408$1,214,054
43$1,242,013$998,133$933,611$1,261,203
44$1,314,266$992,610$910,455$1,311,508
45$1,392,175$985,101$884,809$1,365,271
46$1,476,262$975,456$856,535$1,422,827
47$1,567,101$963,514$825,490$1,484,546
48$1,665,324$949,105$791,522$1,550,838
49$1,771,625$932,049$754,476$1,622,154
50$1,886,766$912,155$714,186$1,698,994
51$2,011,587$889,221$670,482$1,781,909
52$2,147,009$863,033$623,183$1,871,510
53$2,294,046$833,364$572,102$1,968,469
54$2,453,814$799,974$517,043$2,073,532
55$2,627,541$762,611$457,802$2,187,520
56$2,816,576$721,005$394,164$2,311,342
57$3,022,406$674,872$325,907$2,446,001
58$3,246,663$623,914$252,797$2,592,606
59$3,491,148$567,811$174,591$2,752,381
60$3,757,841$506,229$91,035$2,926,677
61$4,048,919$438,813$1,864$3,116,989
62$4,366,783$365,189$0$3,324,965
63$4,714,072$284,960$0$3,559,395
64$5,093,694$197,710$0$3,815,923
65$5,508,850$102,996$0$4,096,652
66$5,963,062$353$0$4,404,057
67$6,460,212$0$0$4,740,868
68$7,004,572$0$0$5,141,774
69$7,600,847$0$0$5,581,084
70$8,254,220$0$0$6,062,521
71$8,970,396$0$0$6,590,297
72$9,755,661$0$0$7,169,053
73$10,616,937$0$0$7,803,899
74$11,561,848$0$0$8,500,462
75$12,598,793$0$0$9,264,942
76$13,737,022$0$0$10,104,168
77$14,986,724$0$0$11,025,663
78$16,359,124$0$0$12,037,713
79$17,866,588$0$0$13,149,446
80$19,522,736$0$0$14,370,918
81$21,342,575$0$0$15,713,207
82$23,342,635$0$0$17,188,518
83$25,541,130$0$0$18,810,297
84$27,958,124$0$0$20,593,357
85$30,615,723$0$0$22,554,017
86$33,538,282$0$0$24,710,259
87$36,752,635$0$0$27,081,894
88$40,288,345$0$0$29,690,747
89$44,177,986$0$0$32,560,869
90$48,457,447$0$0$35,718,755
91$53,166,273$0$0$39,193,601
92$58,348,034$0$0$43,017,575
93$64,050,736$0$0$47,226,120
94$70,327,276$0$0$51,858,290
95$77,235,940$0$0$56,957,118
96$84,840,949$0$0$62,570,018
97$93,213,068$0$0$68,749,238
98$102,430,270$0$0$75,552,345
99$112,578,475$0$0$83,042,777
100$123,752,358$0$0$91,290,431