Can I retire at age 40 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$77,294$76,606$75,934$75,278$74,638$71,733
2 years$38,264$37,552$36,861$36,191$35,542$32,651
3 years$25,256$24,540$23,852$23,188$22,549$19,762
4 years$18,753$18,040$17,358$16,706$16,082$13,421
5 years$14,853$14,143$13,470$12,832$12,226$9,697
6 years$12,253$11,549$10,886$10,262$9,674$7,279
7 years$10,397$9,699$9,046$8,437$7,867$5,606
8 years$9,006$8,314$7,672$7,077$6,527$4,396
9 years$7,924$7,239$6,608$6,028$5,496$3,494
10 years$7,059$6,381$5,761$5,196$4,683$2,805
11 years$6,352$5,680$5,072$4,522$4,028$2,269
12 years$5,763$5,098$4,501$3,967$3,490$1,847
13 years$5,265$4,607$4,021$3,502$3,044$1,510
14 years$4,839$4,188$3,613$3,109$2,668$1,240
15 years$4,470$3,826$3,262$2,772$2,349$1,021
16 years$4,147$3,510$2,958$2,482$2,076$843
17 years$3,862$3,233$2,691$2,230$1,841$697
18 years$3,610$2,987$2,457$2,010$1,637$578
19 years$3,384$2,768$2,249$1,816$1,459$480
20 years$3,181$2,573$2,064$1,645$1,303$398
21 years$2,998$2,396$1,899$1,493$1,166$331
22 years$2,831$2,237$1,750$1,357$1,045$276
23 years$2,680$2,092$1,616$1,236$938$230
24 years$2,541$1,960$1,494$1,128$843$191
25 years$2,413$1,839$1,384$1,030$759$159
26 years$2,296$1,729$1,284$942$684$133
27 years$2,187$1,627$1,192$862$616$111
28 years$2,086$1,533$1,108$790$556$93
29 years$1,993$1,446$1,031$724$502$77
30 years$1,905$1,366$960$665$454$64
31 years$1,824$1,291$895$610$410$54
32 years$1,748$1,222$835$561$371$45
33 years$1,676$1,157$780$516$336$38
34 years$1,609$1,097$729$475$304$31
35 years$1,546$1,040$681$437$275$26
36 years$1,487$987$637$402$250$22
37 years$1,430$938$597$371$226$18
38 years$1,377$891$559$342$205$15
39 years$1,327$847$523$315$186$13
40 years$1,280$806$491$291$169$11
41 years$1,235$767$460$268$153$9
42 years$1,192$731$432$247$139$7
43 years$1,151$696$405$228$126$6
44 years$1,112$664$380$211$114$5
45 years$1,075$633$357$195$104$4
46 years$1,040$604$335$180$94$4
47 years$1,006$576$315$166$86$3
48 years$974$550$296$154$78$3
49 years$943$525$278$142$71$2
50 years$914$502$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $936,000, adding $6,201 every year, while hoping to spend $32,043 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: 54/33/13 Blend
39$936,000$936,000$936,000$936,000
40$1,037,868$988,260$973,752$1,090,066
41$1,109,637$1,002,592$972,280$1,140,598
42$1,187,653$1,016,551$969,683$1,191,589
43$1,272,518$1,030,087$965,893$1,246,350
44$1,364,897$1,043,143$960,832$1,305,250
45$1,465,520$1,055,661$954,423$1,368,690
46$1,575,191$1,067,576$946,584$1,437,116
47$1,694,794$1,078,821$937,228$1,511,020
48$1,825,303$1,089,323$926,266$1,590,943
49$1,967,790$1,099,005$913,601$1,677,485
50$2,123,433$1,107,786$899,136$1,771,306
51$2,293,533$1,115,577$882,767$1,873,134
52$2,479,519$1,122,285$864,384$1,983,773
53$2,682,964$1,127,811$843,876$2,104,111
54$2,905,603$1,132,051$821,122$2,235,127
55$3,149,343$1,134,890$795,999$2,377,902
56$3,416,287$1,136,211$768,376$2,533,626
57$3,708,750$1,135,886$738,117$2,703,616
58$4,029,279$1,133,782$705,081$2,889,323
59$4,380,684$1,129,755$669,119$3,092,349
60$4,766,054$1,123,654$630,076$3,314,459
61$5,188,796$1,115,318$587,788$3,557,604
62$5,652,661$1,104,576$542,087$3,823,933
63$6,161,781$1,091,248$492,795$4,115,819
64$6,720,706$1,075,143$439,727$4,435,880
65$7,334,449$1,056,056$382,689$4,787,001
66$8,008,534$1,033,774$321,480$5,172,369
67$8,749,044$1,008,068$255,889$5,595,497
68$9,562,680$978,697$185,694$6,060,259
69$10,456,826$945,405$110,668$6,570,930
70$11,439,615$907,923$30,568$7,132,225
71$12,520,009$865,965$0$7,749,344
72$13,707,880$819,227$0$8,435,638
73$15,014,105$767,391$0$9,194,838
74$16,450,668$710,117$0$10,029,711
75$18,030,771$647,048$0$10,947,991
76$19,768,963$577,806$0$11,958,203
77$21,681,270$501,992$0$13,069,747
78$23,785,352$419,182$0$14,292,985
79$26,100,668$328,932$0$15,639,343
80$28,648,655$230,769$0$17,121,413
81$31,452,938$124,196$0$18,753,082
82$34,539,544$8,688$0$20,549,656
83$37,937,154$0$0$22,528,010
84$41,677,369$0$0$24,748,983
85$45,795,011$0$0$27,197,659
86$50,328,449$0$0$29,893,715
87$55,319,961$0$0$32,862,308
88$60,816,135$0$0$36,131,160
89$66,868,305$0$0$39,730,817
90$73,533,037$0$0$43,694,939
91$80,872,664$0$0$48,060,616
92$88,955,869$0$0$52,868,720
93$97,858,337$0$0$58,164,286
94$107,663,471$0$0$63,996,943
95$118,463,170$0$0$70,421,378
96$130,358,707$0$0$77,497,853
97$143,461,676$0$0$85,292,774
98$157,895,049$0$0$93,879,316
99$173,794,334$0$0$103,338,115
100$191,308,857$0$0$113,758,030