Can I retire at age 40 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$77,129$76,442$75,772$75,117$74,478$73,214
2 years$38,183$37,471$36,782$36,114$35,466$34,196
3 years$25,202$24,488$23,801$23,139$22,501$21,265
4 years$18,713$18,001$17,321$16,670$16,048$14,856
5 years$14,821$14,113$13,442$12,804$12,199$11,054
6 years$12,227$11,525$10,863$10,240$9,653$8,556
7 years$10,375$9,678$9,027$8,419$7,850$6,802
8 years$8,986$8,296$7,656$7,062$6,513$5,513
9 years$7,907$7,223$6,594$6,015$5,485$4,532
10 years$7,044$6,367$5,749$5,185$4,673$3,768
11 years$6,338$5,668$5,061$4,513$4,019$3,160
12 years$5,751$5,087$4,492$3,958$3,483$2,668
13 years$5,254$4,597$4,013$3,495$3,037$2,266
14 years$4,828$4,179$3,606$3,102$2,662$1,934
15 years$4,460$3,818$3,255$2,767$2,344$1,656
16 years$4,138$3,503$2,951$2,477$2,072$1,423
17 years$3,854$3,226$2,686$2,226$1,837$1,227
18 years$3,602$2,981$2,452$2,006$1,633$1,060
19 years$3,377$2,763$2,244$1,812$1,456$917
20 years$3,174$2,567$2,060$1,641$1,300$795
21 years$2,991$2,391$1,895$1,490$1,164$690
22 years$2,825$2,232$1,746$1,355$1,043$600
23 years$2,674$2,088$1,612$1,234$936$522
24 years$2,535$1,956$1,491$1,125$842$455
25 years$2,408$1,836$1,381$1,028$757$396
26 years$2,291$1,725$1,281$940$682$346
27 years$2,182$1,624$1,189$860$615$302
28 years$2,082$1,530$1,106$788$555$263
29 years$1,988$1,443$1,029$723$501$230
30 years$1,901$1,363$958$663$453$201
31 years$1,820$1,288$894$609$409$176
32 years$1,744$1,219$834$560$370$154
33 years$1,673$1,155$778$515$335$135
34 years$1,606$1,094$727$474$303$118
35 years$1,543$1,038$680$436$275$103
36 years$1,483$985$636$401$249$90
37 years$1,427$936$595$370$226$79
38 years$1,374$889$558$341$205$69
39 years$1,324$846$522$314$186$61
40 years$1,277$804$490$290$168$53
41 years$1,232$766$459$268$153$46
42 years$1,189$729$431$247$139$41
43 years$1,148$695$404$228$126$36
44 years$1,110$662$379$210$114$31
45 years$1,073$632$356$194$104$27
46 years$1,038$603$335$180$94$24
47 years$1,004$575$314$166$85$21
48 years$972$549$295$153$78$18
49 years$941$524$278$142$70$16
50 years$912$501$261$131$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $934,000, adding $4,424 every year, while hoping to spend $46,027 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: 40/36/24 Blend
39$934,000$934,000$934,000$934,000
40$1,033,831$984,329$969,852$1,067,694
41$1,090,310$983,589$953,370$1,091,781
42$1,151,006$981,270$934,793$1,113,155
43$1,216,303$977,246$914,002$1,135,367
44$1,286,618$971,383$890,874$1,158,520
45$1,362,413$963,541$865,277$1,182,732
46$1,444,192$953,567$837,077$1,208,135
47$1,532,511$941,304$806,131$1,234,879
48$1,627,980$926,581$772,290$1,263,132
49$1,731,271$909,220$735,398$1,293,083
50$1,843,121$889,032$695,294$1,324,946
51$1,964,339$865,815$651,807$1,358,961
52$2,095,819$839,357$604,759$1,395,395
53$2,238,540$809,432$553,966$1,434,551
54$2,393,579$775,803$499,232$1,476,766
55$2,562,125$738,218$440,357$1,522,417
56$2,745,480$696,409$377,128$1,571,927
57$2,945,082$650,096$309,324$1,625,766
58$3,162,509$598,979$236,715$1,684,463
59$3,399,500$542,744$159,060$1,748,604
60$3,657,968$481,058$76,108$1,818,846
61$3,940,019$413,568$0$1,895,917
62$4,247,971$339,903$0$1,983,812
63$4,584,375$259,669$0$2,101,263
64$4,952,040$172,452$0$2,229,839
65$5,354,059$77,813$0$2,370,738
66$5,793,837$0$0$2,525,285
67$6,275,122$0$0$2,704,737
68$6,802,043$0$0$2,935,072
69$7,379,147$0$0$3,187,466
70$8,011,438$0$0$3,464,125
71$8,704,432$0$0$3,767,476
72$9,464,199$0$0$4,100,194
73$10,297,428$0$0$4,465,225
74$11,211,485$0$0$4,865,814
75$12,214,482$0$0$5,305,535
76$13,315,357$0$0$5,788,324
77$14,523,954$0$0$6,318,520
78$15,851,116$0$0$6,900,898
79$17,308,789$0$0$7,540,723
80$18,910,132$0$0$8,243,791
81$20,669,640$0$0$9,016,491
82$22,603,285$0$0$9,865,859
83$24,728,660$0$0$10,799,648
84$27,065,148$0$0$11,826,398
85$29,634,104$0$0$12,955,521
86$32,459,056$0$0$14,197,383
87$35,565,924$0$0$15,563,407
88$38,983,268$0$0$17,066,180
89$42,742,554$0$0$18,719,567
90$46,878,451$0$0$20,538,848
91$51,429,159$0$0$22,540,857
92$56,436,766$0$0$24,744,143
93$61,947,647$0$0$27,169,144
94$68,012,899$0$0$29,838,380
95$74,688,824$0$0$32,776,664
96$82,037,460$0$0$36,011,338
97$90,127,163$0$0$39,572,530
98$99,033,256$0$0$43,493,437
99$108,838,733$0$0$47,810,638
100$119,635,048$0$0$52,564,441