Can I retire at age 40 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$77,377$76,687$76,015$75,359$74,718$71,725
2 years$38,305$37,592$36,900$36,230$35,580$32,602
3 years$25,283$24,567$23,877$23,213$22,573$19,705
4 years$18,773$18,059$17,376$16,724$16,099$13,362
5 years$14,869$14,159$13,485$12,845$12,239$9,638
6 years$12,266$11,562$10,898$10,273$9,684$7,223
7 years$10,408$9,709$9,056$8,446$7,876$5,553
8 years$9,015$8,323$7,680$7,085$6,534$4,347
9 years$7,932$7,246$6,615$6,035$5,502$3,448
10 years$7,067$6,387$5,767$5,202$4,688$2,763
11 years$6,359$5,686$5,077$4,527$4,032$2,231
12 years$5,769$5,104$4,506$3,971$3,494$1,812
13 years$5,271$4,612$4,026$3,506$3,047$1,479
14 years$4,844$4,192$3,617$3,112$2,671$1,212
15 years$4,474$3,830$3,266$2,775$2,352$996
16 years$4,151$3,514$2,961$2,485$2,078$820
17 years$3,866$3,236$2,694$2,233$1,843$677
18 years$3,614$2,990$2,460$2,012$1,639$560
19 years$3,388$2,771$2,252$1,818$1,460$464
20 years$3,185$2,575$2,066$1,647$1,305$384
21 years$3,001$2,399$1,901$1,495$1,167$319
22 years$2,834$2,239$1,752$1,359$1,046$265
23 years$2,682$2,094$1,617$1,238$939$220
24 years$2,543$1,962$1,496$1,129$844$183
25 years$2,416$1,841$1,386$1,031$760$152
26 years$2,298$1,731$1,285$943$684$126
27 years$2,189$1,629$1,193$863$617$105
28 years$2,088$1,535$1,109$790$557$88
29 years$1,995$1,448$1,032$725$503$73
30 years$1,907$1,367$962$665$454$61
31 years$1,826$1,293$896$611$411$51
32 years$1,750$1,223$836$561$371$42
33 years$1,678$1,158$781$516$336$35
34 years$1,611$1,098$730$475$304$29
35 years$1,548$1,041$682$437$276$24
36 years$1,488$988$638$403$250$20
37 years$1,432$939$597$371$226$17
38 years$1,379$892$559$342$205$14
39 years$1,329$848$524$315$186$12
40 years$1,281$807$491$291$169$10
41 years$1,236$768$461$268$153$8
42 years$1,193$732$432$248$139$7
43 years$1,152$697$405$229$126$6
44 years$1,113$664$381$211$114$5
45 years$1,076$634$357$195$104$4
46 years$1,041$604$336$180$94$3
47 years$1,007$577$315$166$86$3
48 years$975$551$296$154$78$2
49 years$944$526$278$142$71$2
50 years$915$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 $937,000, adding $4,701 every year, while hoping to spend $25,220 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: 47/42/11 Blend
39$937,000$937,000$937,000$937,000
40$1,037,423$987,762$973,239$1,082,804
41$1,116,406$1,009,329$979,008$1,136,158
42$1,202,601$1,031,106$984,126$1,191,039
43$1,296,715$1,053,080$988,543$1,250,030
44$1,399,529$1,075,230$992,209$1,313,523
45$1,511,903$1,097,538$995,070$1,381,947
46$1,634,782$1,119,983$997,070$1,455,776
47$1,769,208$1,142,540$998,149$1,535,532
48$1,916,327$1,165,184$998,247$1,621,792
49$2,077,402$1,187,888$997,298$1,715,190
50$2,253,823$1,210,620$995,234$1,816,425
51$2,447,122$1,233,350$991,983$1,926,267
52$2,658,985$1,256,040$987,471$2,045,567
53$2,891,269$1,278,653$981,618$2,175,259
54$3,146,019$1,301,148$974,343$2,316,377
55$3,425,489$1,323,481$965,560$2,470,058
56$3,732,160$1,345,602$955,177$2,637,555
57$4,068,766$1,367,462$943,101$2,820,252
58$4,438,316$1,389,004$929,231$3,019,671
59$4,844,129$1,410,170$913,465$3,237,494
60$5,289,858$1,430,896$895,694$3,475,573
61$5,779,527$1,451,113$875,803$3,735,948
62$6,317,571$1,470,750$853,674$4,020,872
63$6,908,874$1,489,727$829,183$4,332,825
64$7,558,817$1,507,963$802,199$4,674,544
65$8,273,330$1,525,366$772,587$5,049,045
66$9,058,944$1,541,843$740,202$5,459,652
67$9,922,855$1,557,292$704,898$5,910,031
68$10,872,992$1,571,605$666,517$6,404,224
69$11,918,090$1,584,666$624,898$6,946,687
70$13,067,773$1,596,354$579,871$7,542,329
71$14,332,647$1,606,535$531,257$8,196,567
72$15,724,394$1,615,073$478,872$8,915,370
73$17,255,889$1,621,818$422,521$9,705,317
74$18,941,316$1,626,613$362,001$10,573,664
75$20,796,304$1,629,292$297,102$11,528,409
76$22,838,074$1,629,674$227,603$12,578,366
77$25,085,603$1,627,573$153,272$13,733,256
78$27,559,798$1,622,788$73,870$15,003,791
79$30,283,698$1,615,105$0$16,401,783
80$33,282,688$1,604,299$0$17,941,527
81$36,584,743$1,590,130$0$19,645,433
82$40,220,684$1,572,344$0$21,520,675
83$44,224,477$1,550,672$0$23,584,726
84$48,633,548$1,524,828$0$25,856,845
85$53,489,136$1,494,511$0$28,358,258
86$58,836,685$1,459,399$0$31,112,361
87$64,726,271$1,419,155$0$34,144,941
88$71,213,076$1,373,418$0$37,484,419
89$78,357,902$1,321,808$0$41,162,122
90$86,227,756$1,263,924$0$45,212,576
91$94,896,471$1,199,341$0$49,673,836
92$104,445,410$1,127,607$0$54,587,844
93$114,964,230$1,048,248$0$60,000,827
94$126,551,729$960,760$0$65,963,735
95$139,316,780$864,611$0$72,532,722
96$153,379,353$759,239$0$79,769,680
97$168,871,656$644,051$0$87,742,820
98$185,939,373$518,418$0$96,527,323
99$204,743,046$381,677$0$106,206,047
100$225,459,586$233,128$0$116,870,312