Can I retire at age 40 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$76,881$76,196$75,528$74,876$74,239$73,464
2 years$38,060$37,351$36,664$35,998$35,352$34,571
3 years$25,121$24,409$23,724$23,064$22,429$21,667
4 years$18,653$17,943$17,265$16,617$15,996$15,259
5 years$14,773$14,068$13,398$12,763$12,160$11,450
6 years$12,188$11,487$10,828$10,207$9,622$8,939
7 years$10,341$9,647$8,998$8,392$7,825$7,170
8 years$8,957$8,269$7,631$7,039$6,492$5,865
9 years$7,882$7,200$6,573$5,996$5,467$4,868
10 years$7,021$6,346$5,730$5,169$4,658$4,086
11 years$6,318$5,650$5,045$4,498$4,006$3,461
12 years$5,732$5,071$4,477$3,946$3,472$2,953
13 years$5,237$4,583$4,000$3,483$3,027$2,534
14 years$4,813$4,166$3,594$3,092$2,654$2,186
15 years$4,446$3,805$3,245$2,758$2,337$1,893
16 years$4,125$3,491$2,942$2,469$2,065$1,645
17 years$3,842$3,215$2,677$2,219$1,831$1,433
18 years$3,591$2,971$2,444$1,999$1,628$1,252
19 years$3,366$2,754$2,237$1,807$1,451$1,097
20 years$3,164$2,559$2,053$1,636$1,296$962
21 years$2,982$2,383$1,889$1,485$1,160$845
22 years$2,816$2,225$1,741$1,350$1,040$744
23 years$2,665$2,081$1,607$1,230$933$655
24 years$2,527$1,950$1,486$1,121$839$578
25 years$2,400$1,830$1,377$1,024$755$510
26 years$2,283$1,720$1,277$936$680$451
27 years$2,175$1,618$1,186$857$613$398
28 years$2,075$1,525$1,102$785$553$352
29 years$1,982$1,439$1,026$720$499$312
30 years$1,895$1,359$955$661$451$276
31 years$1,814$1,284$891$607$408$245
32 years$1,738$1,215$831$558$369$217
33 years$1,667$1,151$776$513$334$192
34 years$1,601$1,091$725$472$302$171
35 years$1,538$1,035$678$435$274$151
36 years$1,479$982$634$400$248$134
37 years$1,423$933$593$369$225$119
38 years$1,370$886$556$340$204$106
39 years$1,320$843$521$313$185$94
40 years$1,273$802$488$289$168$83
41 years$1,228$763$458$267$152$74
42 years$1,185$727$429$246$138$66
43 years$1,145$693$403$227$125$58
44 years$1,106$660$378$210$114$52
45 years$1,069$630$355$194$103$46
46 years$1,034$601$333$179$94$41
47 years$1,001$573$313$165$85$36
48 years$969$547$294$153$77$32
49 years$938$522$277$141$70$29
50 years$909$499$260$130$64$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $931,000, adding $5,568 every year, while hoping to spend $34,675 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: 69/22/9 Blend
39$931,000$931,000$931,000$931,000
40$1,031,705$982,362$967,932$1,100,746
41$1,100,045$993,604$963,464$1,158,479
42$1,174,194$1,004,235$957,684$1,216,873
43$1,254,707$1,014,187$950,511$1,279,824
44$1,342,196$1,023,391$941,862$1,347,773
45$1,437,333$1,031,770$931,647$1,421,204
46$1,540,858$1,039,245$919,775$1,500,654
47$1,653,586$1,045,728$906,148$1,586,713
48$1,776,412$1,051,129$890,664$1,680,032
49$1,910,323$1,055,351$873,218$1,781,328
50$2,056,403$1,058,291$853,698$1,891,392
51$2,215,847$1,059,838$831,988$2,011,097
52$2,389,969$1,059,876$807,966$2,141,404
53$2,580,218$1,058,281$781,504$2,283,373
54$2,788,185$1,054,922$752,470$2,438,174
55$3,015,626$1,049,659$720,723$2,607,094
56$3,264,472$1,042,345$686,119$2,791,556
57$3,536,849$1,032,821$648,506$2,993,126
58$3,835,101$1,020,922$607,723$3,213,531
59$4,161,805$1,006,470$563,606$3,454,677
60$4,519,801$989,280$515,979$3,718,664
61$4,912,218$969,152$464,662$4,007,809
62$5,342,501$945,877$409,465$4,324,663
63$5,814,444$919,233$350,189$4,672,044
64$6,332,225$888,983$286,629$5,053,056
65$6,900,449$854,880$218,567$5,471,120
66$7,524,185$816,660$145,780$5,930,011
67$8,209,019$774,043$68,030$6,433,891
68$8,961,102$726,734$0$6,987,345
69$9,787,214$674,423$0$7,596,868
70$10,694,819$616,779$0$8,273,665
71$11,692,143$553,454$0$9,017,371
72$12,788,247$484,079$0$9,834,790
73$13,993,114$408,265$0$10,733,424
74$15,317,743$325,601$0$11,721,540
75$16,774,250$235,652$0$12,808,252
76$18,375,984$137,960$0$14,003,604
77$20,137,654$32,040$0$15,318,668
78$22,075,466$0$0$16,765,648
79$24,207,272$0$0$18,377,998
80$26,552,747$0$0$20,160,544
81$29,133,564$0$0$22,122,013
82$31,973,607$0$0$24,280,561
83$35,099,189$0$0$26,656,198
84$38,539,305$0$0$29,270,969
85$42,325,902$0$0$32,149,166
86$46,494,184$0$0$35,317,554
87$51,082,938$0$0$38,805,626
88$56,134,905$0$0$42,645,881
89$61,697,181$0$0$46,874,128
90$67,821,658$0$0$51,529,824
91$74,565,521$0$0$56,656,449
92$81,991,778$0$0$62,301,914
93$90,169,861$0$0$68,519,010
94$99,176,279$0$0$75,365,913
95$109,095,337$0$0$82,906,726
96$120,019,937$0$0$91,212,087
97$132,052,448$0$0$100,359,834
98$145,305,674$0$0$110,435,741
99$159,903,922$0$0$121,534,325
100$175,984,169$0$0$133,759,741