Can I retire at age 40 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$76,716$76,033$75,366$74,715$74,080$72,230
2 years$37,978$37,271$36,585$35,921$35,276$33,424
3 years$25,067$24,357$23,673$23,015$22,381$20,585
4 years$18,613$17,905$17,228$16,581$15,962$14,236
5 years$14,742$14,038$13,370$12,736$12,134$10,482
6 years$12,161$11,463$10,805$10,185$9,601$8,025
7 years$10,319$9,626$8,979$8,374$7,808$6,309
8 years$8,938$8,252$7,615$7,024$6,478$5,054
9 years$7,865$7,185$6,559$5,983$5,455$4,105
10 years$7,006$6,333$5,718$5,158$4,648$3,371
11 years$6,304$5,638$5,034$4,489$3,998$2,791
12 years$5,720$5,060$4,467$3,937$3,464$2,327
13 years$5,226$4,573$3,991$3,476$3,021$1,950
14 years$4,803$4,157$3,586$3,086$2,648$1,641
15 years$4,436$3,797$3,238$2,752$2,332$1,387
16 years$4,116$3,484$2,936$2,464$2,061$1,175
17 years$3,833$3,208$2,671$2,214$1,827$998
18 years$3,583$2,965$2,439$1,995$1,625$850
19 years$3,359$2,748$2,232$1,803$1,448$724
20 years$3,157$2,553$2,049$1,633$1,293$619
21 years$2,975$2,378$1,884$1,482$1,157$529
22 years$2,810$2,220$1,737$1,347$1,037$453
23 years$2,660$2,076$1,604$1,227$931$388
24 years$2,522$1,945$1,483$1,119$837$333
25 years$2,395$1,826$1,374$1,022$753$285
26 years$2,278$1,716$1,274$934$678$245
27 years$2,171$1,615$1,183$855$612$210
28 years$2,071$1,522$1,100$784$552$181
29 years$1,978$1,435$1,023$719$498$155
30 years$1,891$1,356$953$660$450$134
31 years$1,810$1,282$889$606$407$115
32 years$1,735$1,213$829$557$368$99
33 years$1,664$1,148$774$512$333$85
34 years$1,597$1,088$723$471$302$73
35 years$1,534$1,032$676$434$273$63
36 years$1,475$980$633$399$248$54
37 years$1,420$931$592$368$224$47
38 years$1,367$884$555$339$203$40
39 years$1,317$841$520$313$185$35
40 years$1,270$800$487$288$167$30
41 years$1,225$762$457$266$152$26
42 years$1,183$725$428$246$138$22
43 years$1,142$691$402$227$125$19
44 years$1,104$659$377$209$114$16
45 years$1,067$628$354$193$103$14
46 years$1,032$599$333$179$94$12
47 years$999$572$313$165$85$10
48 years$967$546$294$152$77$9
49 years$936$521$276$141$70$8
50 years$907$498$260$130$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $929,000, adding $2,165 every year, while hoping to spend $57,550 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: 55/37/8 Blend
39$929,000$929,000$929,000$929,000
40$1,025,991$976,754$962,355$1,080,357
41$1,069,410$963,382$933,361$1,103,966
42$1,115,328$947,427$901,467$1,123,116
43$1,163,940$928,699$866,515$1,142,574
44$1,215,458$907,002$828,340$1,162,380
45$1,270,115$882,125$786,769$1,182,577
46$1,328,163$853,845$741,621$1,203,219
47$1,389,879$821,927$692,709$1,224,366
48$1,455,567$786,122$639,836$1,246,089
49$1,525,559$746,166$582,794$1,268,471
50$1,600,217$701,780$521,369$1,291,606
51$1,679,942$652,669$455,337$1,315,602
52$1,765,167$598,522$384,463$1,340,584
53$1,856,373$539,008$308,501$1,366,693
54$1,954,084$473,780$227,196$1,394,091
55$2,058,874$402,468$140,281$1,422,962
56$2,171,375$324,685$47,476$1,453,515
57$2,292,280$240,020$0$1,485,986
58$2,422,349$148,037$0$1,525,045
59$2,562,417$48,279$0$1,571,202
60$2,713,401$0$0$1,620,770
61$2,876,309$0$0$1,698,482
62$3,052,247$0$0$1,803,705
63$3,242,431$0$0$1,917,518
64$3,448,197$0$0$2,040,730
65$3,671,015$0$0$2,174,230
66$3,912,501$0$0$2,318,995
67$4,174,430$0$0$2,476,100
68$4,458,755$0$0$2,646,728
69$4,767,626$0$0$2,832,179
70$5,103,404$0$0$3,033,884
71$5,468,691$0$0$3,253,417
72$5,866,347$0$0$3,492,509
73$6,299,518$0$0$3,753,067
74$6,771,670$0$0$4,037,189
75$7,286,613$0$0$4,347,181
76$7,848,543$0$0$4,685,587
77$8,462,080$0$0$5,055,201
78$9,132,306$0$0$5,459,105
79$9,864,819$0$0$5,900,688
80$10,665,780$0$0$6,383,681
81$11,541,974$0$0$6,912,196
82$12,500,871$0$0$7,490,756
83$13,550,696$0$0$8,124,345
84$14,700,507$0$0$8,818,451
85$15,960,280$0$0$9,579,116
86$17,340,999$0$0$10,412,996
87$18,854,765$0$0$11,327,422
88$20,514,901$0$0$12,330,466
89$22,336,085$0$0$13,431,022
90$24,334,483$0$0$14,638,884
91$26,527,901$0$0$15,964,842
92$28,935,954$0$0$17,420,781
93$31,580,248$0$0$19,019,792
94$34,484,583$0$0$20,776,299
95$37,675,181$0$0$22,706,189
96$41,180,924$0$0$24,826,964
97$45,033,633$0$0$27,157,908
98$49,268,365$0$0$29,720,264
99$53,923,740$0$0$32,537,437
100$59,042,308$0$0$35,635,210