Can I retire at age 40 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$76,964$76,278$75,609$74,956$74,319$72,581
2 years$38,101$37,391$36,704$36,037$35,390$33,649
3 years$25,148$24,436$23,750$23,089$22,453$20,763
4 years$18,673$17,963$17,284$16,634$16,014$14,388
5 years$14,789$14,083$13,413$12,777$12,173$10,617
6 years$12,201$11,500$10,840$10,218$9,632$8,146
7 years$10,353$9,658$9,008$8,401$7,834$6,418
8 years$8,967$8,278$7,639$7,047$6,499$5,153
9 years$7,890$7,208$6,580$6,002$5,473$4,197
10 years$7,029$6,353$5,736$5,174$4,663$3,455
11 years$6,325$5,656$5,050$4,503$4,010$2,868
12 years$5,738$5,076$4,482$3,950$3,475$2,397
13 years$5,243$4,588$4,004$3,487$3,031$2,014
14 years$4,818$4,170$3,598$3,095$2,657$1,700
15 years$4,450$3,809$3,248$2,761$2,339$1,440
16 years$4,129$3,495$2,945$2,472$2,067$1,224
17 years$3,846$3,219$2,680$2,221$1,833$1,042
18 years$3,594$2,974$2,446$2,001$1,630$890
19 years$3,370$2,757$2,240$1,809$1,453$761
20 years$3,168$2,562$2,055$1,638$1,298$652
21 years$2,985$2,386$1,891$1,487$1,161$559
22 years$2,819$2,227$1,742$1,352$1,041$480
23 years$2,668$2,083$1,609$1,231$934$413
24 years$2,530$1,952$1,488$1,123$840$355
25 years$2,403$1,832$1,378$1,025$756$305
26 years$2,286$1,721$1,278$937$681$263
27 years$2,178$1,620$1,187$858$614$227
28 years$2,077$1,527$1,103$786$554$195
29 years$1,984$1,440$1,027$721$500$168
30 years$1,897$1,360$956$662$452$145
31 years$1,816$1,286$892$608$408$125
32 years$1,740$1,217$832$558$369$108
33 years$1,669$1,152$777$514$334$93
34 years$1,602$1,092$726$473$303$81
35 years$1,539$1,036$679$435$274$70
36 years$1,480$983$635$401$248$60
37 years$1,424$934$594$369$225$52
38 years$1,372$887$556$340$204$45
39 years$1,322$844$521$314$185$39
40 years$1,274$803$489$289$168$33
41 years$1,229$764$458$267$152$29
42 years$1,187$728$430$246$138$25
43 years$1,146$693$403$227$125$22
44 years$1,107$661$379$210$114$19
45 years$1,071$630$355$194$103$16
46 years$1,035$601$334$179$94$14
47 years$1,002$574$314$166$85$12
48 years$970$548$295$153$77$10
49 years$939$523$277$141$70$9
50 years$910$500$260$131$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $932,000, adding $6,124 every year, while hoping to spend $26,551 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$932,000$932,000$932,000$932,000
40$1,033,381$983,985$969,539$1,102,496
41$1,110,536$1,003,950$973,768$1,169,074
42$1,194,670$1,024,004$977,250$1,238,075
43$1,286,469$1,044,122$979,930$1,312,846
44$1,386,684$1,064,279$981,753$1,393,949
45$1,496,145$1,084,448$982,660$1,482,001
46$1,615,763$1,104,597$982,591$1,577,685
47$1,746,543$1,124,694$981,479$1,681,750
48$1,889,590$1,144,705$979,259$1,795,022
49$2,046,123$1,164,590$975,859$1,918,412
50$2,217,482$1,184,309$971,204$2,052,924
51$2,405,142$1,203,818$965,218$2,199,662
52$2,610,731$1,223,069$957,817$2,359,844
53$2,836,039$1,242,012$948,916$2,534,812
54$3,083,036$1,260,592$938,426$2,726,045
55$3,353,895$1,278,751$926,253$2,935,171
56$3,651,009$1,296,426$912,299$3,163,987
57$3,977,011$1,313,550$896,460$3,414,470
58$4,334,803$1,330,051$878,629$3,688,801
59$4,727,583$1,345,853$858,692$3,989,382
60$5,158,871$1,360,875$836,533$4,318,862
61$5,632,546$1,375,028$812,028$4,680,157
62$6,152,881$1,388,220$785,046$5,076,483
63$6,724,584$1,400,352$755,454$5,511,386
64$7,352,840$1,411,317$723,110$5,988,769
65$8,043,362$1,421,004$687,867$6,512,939
66$8,802,444$1,429,292$649,569$7,088,638
67$9,637,020$1,436,055$608,057$7,721,095
68$10,554,730$1,441,155$563,160$8,416,072
69$11,563,991$1,444,450$514,704$9,179,919
70$12,674,075$1,445,785$462,504$10,019,636
71$13,895,200$1,444,998$406,368$10,942,937
72$15,238,624$1,441,916$346,094$11,958,322
73$16,716,750$1,436,356$281,475$13,075,161
74$18,343,244$1,428,123$212,289$14,303,781
75$20,133,163$1,417,010$138,310$15,655,563
76$22,103,101$1,402,798$59,298$17,143,050
77$24,271,337$1,385,255$0$18,780,066
78$26,658,015$1,364,134$0$20,584,249
79$29,285,331$1,339,175$0$22,576,223
80$32,177,741$1,310,101$0$24,768,819
81$35,362,194$1,276,620$0$27,182,460
82$38,868,385$1,238,421$0$29,839,655
83$42,729,034$1,195,177$0$32,765,207
84$46,980,195$1,146,541$0$35,986,452
85$51,661,598$1,092,144$0$39,533,513
86$56,817,020$1,031,599$0$43,439,590
87$62,494,703$964,494$0$47,741,268
88$68,747,803$890,394$0$52,478,867
89$75,634,897$808,842$0$57,696,821
90$83,220,531$719,349$0$63,444,098
91$91,575,833$621,405$0$69,774,662
92$100,779,179$514,465$0$76,747,986
93$110,916,939$397,958$0$84,429,610
94$122,084,287$271,277$0$92,891,763
95$134,386,099$133,785$0$102,214,044
96$147,937,946$0$0$112,484,174
97$162,867,183$0$0$123,802,505
98$179,314,148$0$0$136,307,238
99$197,433,491$0$0$150,083,574
100$217,395,629$0$0$165,261,097