Can I retire at age 40 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$76,633$75,951$75,285$74,635$74,000$72,655
2 years$37,937$37,231$36,546$35,882$35,238$33,887
3 years$25,040$24,331$23,648$22,990$22,357$21,043
4 years$18,593$17,886$17,209$16,563$15,945$14,678
5 years$14,726$14,023$13,355$12,722$12,121$10,905
6 years$12,148$11,450$10,793$10,174$9,591$8,427
7 years$10,308$9,616$8,969$8,364$7,800$6,688
8 years$8,929$8,243$7,606$7,017$6,471$5,411
9 years$7,856$7,177$6,551$5,977$5,449$4,441
10 years$6,999$6,326$5,712$5,152$4,643$3,685
11 years$6,298$5,632$5,028$4,484$3,993$3,084
12 years$5,714$5,055$4,463$3,933$3,460$2,599
13 years$5,220$4,568$3,987$3,472$3,018$2,203
14 years$4,797$4,152$3,582$3,082$2,645$1,876
15 years$4,431$3,793$3,234$2,749$2,329$1,604
16 years$4,111$3,480$2,933$2,461$2,058$1,375
17 years$3,829$3,205$2,668$2,211$1,825$1,183
18 years$3,579$2,962$2,436$1,993$1,623$1,019
19 years$3,355$2,745$2,230$1,801$1,446$880
20 years$3,154$2,551$2,047$1,631$1,292$761
21 years$2,972$2,376$1,882$1,480$1,156$660
22 years$2,807$2,218$1,735$1,346$1,036$572
23 years$2,657$2,074$1,602$1,226$930$497
24 years$2,519$1,943$1,482$1,118$836$431
25 years$2,393$1,824$1,372$1,021$752$375
26 years$2,276$1,714$1,273$933$678$327
27 years$2,168$1,613$1,182$854$611$284
28 years$2,068$1,520$1,099$783$551$248
29 years$1,975$1,434$1,022$718$498$216
30 years$1,889$1,354$952$659$450$188
31 years$1,808$1,280$888$605$407$164
32 years$1,733$1,211$828$556$368$143
33 years$1,662$1,147$773$511$333$125
34 years$1,595$1,087$723$471$301$109
35 years$1,533$1,031$676$433$273$95
36 years$1,474$979$632$399$247$83
37 years$1,418$930$592$368$224$73
38 years$1,366$883$554$339$203$63
39 years$1,316$840$519$312$184$55
40 years$1,269$799$486$288$167$48
41 years$1,224$761$456$266$152$42
42 years$1,181$725$428$245$138$37
43 years$1,141$690$402$226$125$32
44 years$1,103$658$377$209$113$28
45 years$1,066$628$354$193$103$25
46 years$1,031$599$332$178$93$22
47 years$998$571$312$165$85$19
48 years$966$545$293$152$77$16
49 years$935$521$276$141$70$14
50 years$906$497$259$130$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $928,000, adding $3,169 every year, while hoping to spend $45,957 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: 53/20/27 Blend
39$928,000$928,000$928,000$928,000
40$1,025,925$976,741$962,357$1,072,424
41$1,081,671$975,703$945,698$1,103,921
42$1,141,564$973,075$926,941$1,133,228
43$1,205,976$968,728$905,966$1,164,200
44$1,275,320$962,530$882,650$1,197,014
45$1,350,046$954,338$856,863$1,231,867
46$1,430,651$944,000$828,468$1,268,980
47$1,517,678$931,358$797,322$1,308,597
48$1,611,728$916,240$763,279$1,350,991
49$1,713,456$898,468$726,181$1,396,466
50$1,823,587$877,851$685,866$1,445,358
51$1,942,915$854,188$642,165$1,498,042
52$2,072,314$827,265$594,899$1,554,934
53$2,212,745$796,856$543,883$1,616,496
54$2,365,265$762,722$488,924$1,683,243
55$2,531,038$724,611$429,818$1,755,743
56$2,711,341$682,254$366,354$1,834,629
57$2,907,582$635,370$298,312$1,920,601
58$3,121,311$583,658$225,460$2,014,437
59$3,354,230$526,802$147,558$2,117,000
60$3,608,215$464,469$64,355$2,229,244
61$3,885,329$396,304$0$2,352,227
62$4,187,845$321,936$0$2,494,162
63$4,518,264$240,969$0$2,669,550
64$4,879,338$152,988$0$2,861,353
65$5,274,098$57,552$0$3,071,246
66$5,705,882$0$0$3,301,081
67$6,178,362$0$0$3,562,981
68$6,695,586$0$0$3,863,636
69$7,262,009$0$0$4,192,980
70$7,882,535$0$0$4,553,878
71$8,562,569$0$0$4,949,484
72$9,308,062$0$0$5,383,272
73$10,125,565$0$0$5,859,068
74$11,022,299$0$0$6,381,085
75$12,006,213$0$0$6,953,968
76$13,086,066$0$0$7,582,827
77$14,271,502$0$0$8,273,296
78$15,573,149$0$0$9,031,579
79$17,002,711$0$0$9,864,511
80$18,573,083$0$0$10,779,621
81$20,298,471$0$0$11,785,203
82$22,194,522$0$0$12,890,396
83$24,278,477$0$0$14,105,265
84$26,569,329$0$0$15,440,904
85$29,088,003$0$0$16,909,529
86$31,857,553$0$0$18,524,605
87$34,903,378$0$0$20,300,962
88$38,253,462$0$0$22,254,944
89$41,938,638$0$0$24,404,556
90$45,992,876$0$0$26,769,636
91$50,453,607$0$0$29,372,041
92$55,362,069$0$0$32,235,858
93$60,763,705$0$0$35,387,621
94$66,708,580$0$0$38,856,571
95$73,251,862$0$0$42,674,925
96$80,454,338$0$0$46,878,184
97$88,382,986$0$0$51,505,463
98$97,111,609$0$0$56,599,864
99$106,721,528$0$0$62,208,880
100$117,302,352$0$0$68,384,845