Can I retire at age 40 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$77,046$76,360$75,690$75,037$74,399$72,424
2 years$38,142$37,431$36,743$36,075$35,428$33,452
3 years$25,175$24,462$23,775$23,114$22,477$20,562
4 years$18,693$17,982$17,302$16,652$16,031$14,191
5 years$14,805$14,098$13,427$12,791$12,186$10,428
6 years$12,214$11,512$10,851$10,229$9,643$7,966
7 years$10,364$9,668$9,017$8,410$7,842$6,248
8 years$8,977$8,287$7,647$7,055$6,506$4,993
9 years$7,898$7,215$6,587$6,009$5,479$4,047
10 years$7,036$6,360$5,742$5,180$4,668$3,315
11 years$6,332$5,662$5,056$4,508$4,015$2,738
12 years$5,745$5,082$4,487$3,954$3,479$2,276
13 years$5,248$4,593$4,009$3,491$3,034$1,902
14 years$4,823$4,175$3,602$3,099$2,659$1,597
15 years$4,455$3,814$3,252$2,764$2,342$1,345
16 years$4,134$3,499$2,948$2,474$2,070$1,137
17 years$3,850$3,222$2,683$2,223$1,835$963
18 years$3,598$2,978$2,449$2,004$1,632$817
19 years$3,373$2,760$2,242$1,810$1,454$695
20 years$3,171$2,564$2,058$1,640$1,299$591
21 years$2,988$2,389$1,893$1,488$1,162$504
22 years$2,822$2,230$1,744$1,353$1,042$430
23 years$2,671$2,085$1,611$1,232$935$367
24 years$2,533$1,954$1,490$1,124$841$314
25 years$2,405$1,834$1,380$1,026$756$268
26 years$2,288$1,723$1,279$938$681$230
27 years$2,180$1,622$1,188$859$614$197
28 years$2,079$1,528$1,105$787$554$168
29 years$1,986$1,442$1,028$722$501$144
30 years$1,899$1,362$957$662$452$124
31 years$1,818$1,287$893$608$409$106
32 years$1,742$1,218$833$559$370$91
33 years$1,671$1,153$778$514$335$78
34 years$1,604$1,093$727$473$303$67
35 years$1,541$1,037$679$435$275$57
36 years$1,482$984$635$401$249$49
37 years$1,426$935$595$370$225$42
38 years$1,373$888$557$341$204$36
39 years$1,323$845$522$314$185$31
40 years$1,276$804$489$290$168$27
41 years$1,231$765$459$267$153$23
42 years$1,188$728$430$247$138$20
43 years$1,147$694$404$228$126$17
44 years$1,109$662$379$210$114$14
45 years$1,072$631$356$194$103$12
46 years$1,037$602$334$179$94$11
47 years$1,003$574$314$166$85$9
48 years$971$548$295$153$77$8
49 years$940$524$277$141$70$7
50 years$911$500$261$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $933,000, adding $5,520 every year, while hoping to spend $28,811 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: 52/34/14 Blend
39$933,000$933,000$933,000$933,000
40$1,033,860$984,411$969,949$1,083,461
41$1,108,659$1,001,992$971,788$1,135,565
42$1,190,122$1,019,470$972,723$1,188,687
43$1,278,898$1,036,807$972,692$1,245,813
44$1,375,702$1,053,967$971,634$1,307,328
45$1,481,320$1,070,908$969,480$1,373,661
46$1,596,618$1,087,586$966,161$1,445,281
47$1,722,548$1,103,953$961,603$1,522,706
48$1,860,161$1,119,959$955,729$1,606,509
49$2,010,610$1,135,550$948,459$1,697,321
50$2,175,168$1,150,668$939,708$1,795,836
51$2,355,234$1,165,249$929,387$1,902,823
52$2,552,349$1,179,228$917,403$2,019,129
53$2,768,213$1,192,534$903,660$2,145,685
54$3,004,693$1,205,091$888,056$2,283,523
55$3,263,850$1,216,818$870,483$2,433,777
56$3,547,949$1,227,630$850,831$2,597,701
57$3,859,490$1,237,433$828,984$2,776,676
58$4,201,221$1,246,130$804,818$2,972,225
59$4,576,173$1,253,618$778,207$3,186,030
60$4,987,682$1,259,785$749,016$3,419,943
61$5,439,425$1,264,514$717,108$3,676,008
62$5,935,450$1,267,679$682,334$3,956,481
63$6,480,218$1,269,146$644,544$4,263,848
64$7,078,641$1,268,776$603,577$4,600,851
65$7,736,133$1,266,416$559,268$4,970,514
66$8,458,656$1,261,908$511,441$5,376,173
67$9,252,780$1,255,083$459,915$5,821,504
68$10,125,742$1,245,760$404,501$6,310,564
69$11,085,515$1,233,750$344,999$6,847,825
70$12,140,884$1,218,850$281,203$7,438,220
71$13,301,527$1,200,847$212,896$8,087,187
72$14,578,107$1,179,512$139,852$8,800,723
73$15,982,373$1,154,607$61,836$9,585,440
74$17,527,268$1,125,877$0$10,448,631
75$19,227,056$1,093,051$0$11,401,534
76$21,097,451$1,055,845$0$12,459,880
77$23,155,766$1,013,957$0$13,624,236
78$25,421,081$967,067$0$14,905,421
79$27,914,415$914,838$0$16,315,360
80$30,658,932$856,912$0$17,867,197
81$33,680,153$792,910$0$19,575,423
82$37,006,199$722,434$0$21,456,010
83$40,668,059$645,060$0$23,526,564
84$44,699,876$560,343$0$25,806,491
85$49,139,274$467,810$0$28,317,183
86$54,027,710$366,964$0$31,082,219
87$59,410,869$257,277$0$34,127,590
88$65,339,088$138,194$0$37,481,942
89$71,867,838$9,128$0$41,176,852
90$79,058,241$0$0$45,247,125
91$86,977,651$0$0$49,779,965
92$95,700,289$0$0$54,776,441
93$105,307,939$0$0$60,280,004
94$115,890,726$0$0$66,342,296
95$127,547,960$0$0$73,020,224
96$140,389,079$0$0$80,376,498
97$154,534,675$0$0$88,480,221
98$170,117,638$0$0$97,407,540
99$187,284,407$0$0$107,242,370
100$206,196,351$0$0$118,077,180