Can I retire at age 40 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$75,973$75,296$74,636$73,991$73,362$72,445
2 years$37,610$36,910$36,231$35,573$34,934$34,012
3 years$24,824$24,121$23,444$22,792$22,164$21,264
4 years$18,433$17,731$17,061$16,420$15,807$14,938
5 years$14,599$13,902$13,240$12,612$12,017$11,179
6 years$12,044$11,352$10,700$10,086$9,508$8,705
7 years$10,219$9,533$8,892$8,292$7,733$6,963
8 years$8,852$8,172$7,541$6,956$6,415$5,679
9 years$7,788$7,115$6,495$5,925$5,402$4,699
10 years$6,938$6,271$5,662$5,108$4,603$3,933
11 years$6,243$5,583$4,985$4,445$3,959$3,321
12 years$5,664$5,011$4,424$3,899$3,431$2,824
13 years$5,175$4,529$3,953$3,442$2,992$2,416
14 years$4,756$4,116$3,552$3,056$2,622$2,077
15 years$4,393$3,760$3,207$2,725$2,309$1,792
16 years$4,076$3,450$2,907$2,440$2,041$1,552
17 years$3,796$3,177$2,645$2,192$1,809$1,348
18 years$3,548$2,936$2,415$1,976$1,609$1,174
19 years$3,326$2,721$2,211$1,785$1,434$1,024
20 years$3,127$2,529$2,029$1,617$1,281$895
21 years$2,947$2,355$1,866$1,467$1,146$783
22 years$2,783$2,199$1,720$1,334$1,027$687
23 years$2,634$2,056$1,588$1,215$922$603
24 years$2,497$1,927$1,469$1,108$829$529
25 years$2,372$1,808$1,360$1,012$746$466
26 years$2,256$1,699$1,262$925$672$410
27 years$2,150$1,599$1,172$847$606$361
28 years$2,050$1,507$1,089$776$547$318
29 years$1,958$1,422$1,014$712$494$280
30 years$1,873$1,343$944$653$446$247
31 years$1,793$1,269$880$600$403$218
32 years$1,718$1,201$821$551$365$192
33 years$1,648$1,137$767$507$330$170
34 years$1,582$1,078$716$466$299$150
35 years$1,520$1,022$670$429$271$133
36 years$1,461$970$627$395$245$117
37 years$1,406$922$586$364$222$103
38 years$1,354$876$549$336$202$91
39 years$1,305$833$515$310$183$81
40 years$1,258$792$482$286$166$71
41 years$1,213$754$452$264$150$63
42 years$1,171$718$424$243$136$56
43 years$1,131$684$398$224$124$49
44 years$1,093$652$374$207$112$44
45 years$1,057$622$351$191$102$39
46 years$1,022$593$330$177$93$34
47 years$989$566$310$163$84$30
48 years$957$541$291$151$76$27
49 years$927$516$273$140$69$24
50 years$898$493$257$129$63$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $920,000, adding $2,584 every year, while hoping to spend $33,983 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: 78/10/12 Blend
39$920,000$920,000$920,000$920,000
40$1,016,505$967,745$953,485$1,093,279
41$1,084,031$979,007$949,270$1,155,415
42$1,157,306$989,682$943,773$1,218,938
43$1,236,880$999,705$936,918$1,287,642
44$1,323,358$1,009,007$928,622$1,362,029
45$1,417,407$1,017,515$918,797$1,442,655
46$1,519,760$1,025,151$907,354$1,530,129
47$1,631,223$1,031,830$894,198$1,625,125
48$1,752,683$1,037,465$879,229$1,728,383
49$1,885,117$1,041,961$862,343$1,840,721
50$2,029,599$1,045,218$843,432$1,963,037
51$2,187,313$1,047,129$822,382$2,096,325
52$2,359,561$1,047,580$799,074$2,241,676
53$2,547,776$1,046,451$773,382$2,400,295
54$2,753,536$1,043,614$745,178$2,573,509
55$2,978,579$1,038,934$714,324$2,762,781
56$3,224,819$1,032,266$680,678$2,969,722
57$3,494,361$1,023,457$644,091$3,196,108
58$3,789,526$1,012,347$604,409$3,443,899
59$4,112,868$998,762$561,467$3,715,251
60$4,467,200$982,521$515,095$4,012,542
61$4,855,621$963,432$465,118$4,338,394
62$5,281,543$941,288$411,348$4,695,696
63$5,748,725$915,876$353,592$5,087,631
64$6,261,305$886,965$291,649$5,517,709
65$6,823,845$854,312$225,305$5,989,798
66$7,441,366$817,663$154,342$6,508,162
67$8,119,401$776,744$78,528$7,077,497
68$8,864,045$731,269$0$7,702,985
69$9,682,011$680,935$0$8,390,637
70$10,580,695$625,420$0$9,157,190
71$11,568,246$564,385$0$9,999,547
72$12,653,638$497,471$0$10,925,385
73$13,846,762$424,300$0$11,943,165
74$15,158,512$344,470$0$13,062,209
75$16,600,890$257,560$0$14,292,790
76$18,187,122$163,121$0$15,646,229
77$19,931,777$60,683$0$17,134,999
78$21,850,908$0$0$18,772,847
79$23,962,203$0$0$20,580,449
80$26,285,148$0$0$22,576,641
81$28,841,216$0$0$24,773,198
82$31,654,065$0$0$27,190,458
83$34,749,762$0$0$29,850,825
84$38,157,031$0$0$32,778,988
85$41,907,519$0$0$36,002,150
86$46,036,098$0$0$39,550,286
87$50,581,194$0$0$43,456,423
88$55,585,146$0$0$47,756,954
89$61,094,609$0$0$52,491,980
90$67,160,989$0$0$57,705,689
91$73,840,935$0$0$63,446,772
92$81,196,865$0$0$69,768,881
93$89,297,560$0$0$76,731,137
94$98,218,813$0$0$84,398,687
95$108,044,140$0$0$92,843,318
96$118,865,572$0$0$102,144,133
97$130,784,518$0$0$112,388,302
98$143,912,729$0$0$123,671,879
99$158,373,346$0$0$136,100,709
100$174,302,063$0$0$149,791,431