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%19.2%
1 years$78,615$77,915$77,232$76,565$75,914$73,104
2 years$38,918$38,194$37,491$36,810$36,149$33,350
3 years$25,688$24,960$24,259$23,585$22,935$20,234
4 years$19,074$18,348$17,655$16,991$16,357$13,776
5 years$15,107$14,385$13,701$13,051$12,434$9,980
6 years$12,463$11,747$11,072$10,437$9,839$7,512
7 years$10,575$9,865$9,201$8,581$8,002$5,802
8 years$9,159$8,456$7,803$7,198$6,638$4,563
9 years$8,059$7,362$6,721$6,131$5,590$3,638
10 years$7,180$6,490$5,859$5,285$4,763$2,930
11 years$6,460$5,777$5,159$4,600$4,097$2,378
12 years$5,862$5,185$4,578$4,035$3,550$1,942
13 years$5,355$4,686$4,090$3,562$3,096$1,594
14 years$4,921$4,260$3,675$3,162$2,714$1,313
15 years$4,546$3,891$3,318$2,820$2,389$1,085
16 years$4,218$3,570$3,008$2,525$2,112$899
17 years$3,928$3,288$2,737$2,269$1,872$747
18 years$3,671$3,038$2,499$2,044$1,665$621
19 years$3,442$2,816$2,288$1,847$1,484$517
20 years$3,236$2,617$2,100$1,673$1,325$431
21 years$3,049$2,437$1,931$1,518$1,186$360
22 years$2,880$2,275$1,780$1,381$1,063$301
23 years$2,725$2,128$1,643$1,257$954$252
24 years$2,584$1,994$1,520$1,147$858$210
25 years$2,454$1,871$1,408$1,047$772$176
26 years$2,335$1,758$1,306$958$695$147
27 years$2,224$1,655$1,212$877$627$123
28 years$2,122$1,559$1,127$803$566$103
29 years$2,027$1,471$1,049$736$511$87
30 years$1,938$1,389$977$676$461$73
31 years$1,855$1,313$911$621$417$61
32 years$1,778$1,243$850$570$377$51
33 years$1,705$1,177$793$525$342$43
34 years$1,637$1,115$741$483$309$36
35 years$1,572$1,058$693$444$280$30
36 years$1,512$1,004$648$409$254$25
37 years$1,455$954$607$377$230$21
38 years$1,401$906$568$348$209$18
39 years$1,350$862$532$320$189$15
40 years$1,302$820$499$296$172$12
41 years$1,256$781$468$273$156$10
42 years$1,212$743$439$252$141$9
43 years$1,171$708$412$232$128$7
44 years$1,131$675$387$214$116$6
45 years$1,094$644$363$198$106$5
46 years$1,058$614$341$183$96$4
47 years$1,023$586$320$169$87$4
48 years$991$559$301$156$79$3
49 years$959$534$283$144$72$3
50 years$929$510$266$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $952,000, adding $3,431 every year, while hoping to spend $44,786 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: 35/50/15 Blend
39$952,000$952,000$952,000$952,000
40$1,052,643$1,002,187$987,431$1,084,497
41$1,112,361$1,003,642$972,858$1,109,373
42$1,176,669$1,003,668$956,296$1,131,721
43$1,245,987$1,002,146$937,630$1,154,866
44$1,320,780$998,953$916,743$1,178,905
45$1,401,553$993,956$893,508$1,203,944
46$1,488,867$987,015$867,795$1,230,104
47$1,583,333$977,980$839,468$1,257,525
48$1,685,627$966,695$808,385$1,286,360
49$1,796,490$952,993$774,395$1,316,785
50$1,916,738$936,695$737,342$1,348,997
51$2,047,266$917,614$697,064$1,383,219
52$2,189,061$895,551$653,390$1,419,701
53$2,343,208$870,296$606,141$1,458,722
54$2,510,901$841,625$555,132$1,500,598
55$2,693,451$809,303$500,167$1,545,680
56$2,892,304$773,081$441,044$1,594,365
57$3,109,051$732,693$377,551$1,647,093
58$3,345,440$687,861$309,464$1,704,360
59$3,603,397$638,288$236,554$1,766,716
60$3,885,043$583,664$158,578$1,834,779
61$4,192,711$523,657$75,284$1,909,237
62$4,528,970$457,919$0$1,990,856
63$4,896,648$386,080$0$2,082,670
64$5,298,860$307,752$0$2,196,453
65$5,739,034$222,522$0$2,321,251
66$6,220,947$129,956$0$2,458,290
67$6,748,755$29,595$0$2,608,933
68$7,327,037$0$0$2,774,693
69$7,960,836$0$0$3,000,736
70$8,655,706$0$0$3,266,550
71$9,417,763$0$0$3,558,208
72$10,253,743$0$0$3,878,308
73$11,171,068$0$0$4,229,708
74$12,177,910$0$0$4,615,560
75$13,283,274$0$0$5,039,332
76$14,497,075$0$0$5,504,849
77$15,830,240$0$0$6,016,320
78$17,294,803$0$0$6,578,386
79$18,904,023$0$0$7,196,157
80$20,672,505$0$0$7,875,264
81$22,616,341$0$0$8,621,911
82$24,753,259$0$0$9,442,932
83$27,102,789$0$0$10,345,857
84$29,686,448$0$0$11,338,982
85$32,527,945$0$0$12,431,449
86$35,653,400$0$0$13,633,327
87$39,091,590$0$0$14,955,714
88$42,874,224$0$0$16,410,836
89$47,036,239$0$0$18,012,164
90$51,616,127$0$0$19,774,541
91$56,656,304$0$0$21,714,322
92$62,203,501$0$0$23,849,529
93$68,309,213$0$0$26,200,018
94$75,030,177$0$0$28,787,668
95$82,428,912$0$0$31,636,589
96$90,574,307$0$0$34,773,346
97$99,542,267$0$0$38,227,211
98$109,416,435$0$0$42,030,441
99$120,288,976$0$0$46,218,579
100$132,261,445$0$0$50,830,788