Can I retire at age 40 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$77,459$76,769$76,096$75,439$74,797$73,741
2 years$38,346$37,632$36,940$36,269$35,618$34,555
3 years$25,310$24,593$23,903$23,238$22,597$21,562
4 years$18,793$18,078$17,395$16,741$16,117$15,116
5 years$14,884$14,174$13,499$12,859$12,252$11,289
6 years$12,279$11,574$10,909$10,283$9,694$8,771
7 years$10,419$9,720$9,066$8,455$7,884$7,000
8 years$9,025$8,332$7,688$7,092$6,541$5,696
9 years$7,941$7,254$6,622$6,041$5,508$4,703
10 years$7,074$6,394$5,773$5,208$4,693$3,926
11 years$6,365$5,692$5,083$4,532$4,036$3,307
12 years$5,775$5,109$4,511$3,975$3,498$2,805
13 years$5,276$4,617$4,030$3,510$3,050$2,394
14 years$4,849$4,197$3,621$3,115$2,674$2,052
15 years$4,479$3,834$3,269$2,778$2,354$1,766
16 years$4,156$3,518$2,964$2,488$2,081$1,525
17 years$3,871$3,240$2,697$2,235$1,845$1,321
18 years$3,618$2,993$2,462$2,014$1,640$1,147
19 years$3,391$2,774$2,254$1,820$1,462$998
20 years$3,188$2,578$2,069$1,649$1,306$869
21 years$3,004$2,401$1,903$1,496$1,169$759
22 years$2,837$2,242$1,754$1,360$1,048$663
23 years$2,685$2,096$1,619$1,239$940$580
24 years$2,546$1,964$1,497$1,130$845$508
25 years$2,418$1,843$1,387$1,032$761$445
26 years$2,300$1,732$1,286$944$685$391
27 years$2,192$1,630$1,194$864$618$343
28 years$2,091$1,536$1,110$791$557$301
29 years$1,997$1,449$1,033$726$503$265
30 years$1,909$1,369$963$666$455$233
31 years$1,828$1,294$897$612$411$205
32 years$1,751$1,224$837$562$372$180
33 years$1,680$1,159$782$517$337$158
34 years$1,613$1,099$730$476$305$139
35 years$1,549$1,042$683$438$276$123
36 years$1,490$989$639$403$250$108
37 years$1,434$940$598$371$227$95
38 years$1,380$893$560$342$205$84
39 years$1,330$849$525$316$186$74
40 years$1,282$808$492$291$169$65
41 years$1,237$769$461$269$153$57
42 years$1,194$732$432$248$139$50
43 years$1,153$698$406$229$126$45
44 years$1,114$665$381$211$115$39
45 years$1,077$634$358$195$104$35
46 years$1,042$605$336$180$94$30
47 years$1,008$577$316$167$86$27
48 years$976$551$297$154$78$24
49 years$945$526$279$142$71$21
50 years$916$503$262$131$64$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $938,000, adding $6,197 every year, while hoping to spend $54,195 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: 52/24/24 Blend
39$938,000$938,000$938,000$938,000
40$1,040,068$990,354$975,815$1,086,908
41$1,088,492$981,219$950,842$1,110,828
42$1,140,039$969,819$923,216$1,130,776
43$1,194,970$955,987$892,790$1,151,361
44$1,253,571$939,545$859,413$1,172,665
45$1,316,156$920,303$822,924$1,194,779
46$1,383,069$898,062$783,157$1,217,809
47$1,454,685$872,611$739,936$1,241,874
48$1,531,418$843,724$693,080$1,267,110
49$1,613,722$811,166$642,397$1,293,669
50$1,702,092$774,684$587,688$1,321,724
51$1,797,076$734,013$528,745$1,351,469
52$1,899,270$688,872$465,351$1,383,122
53$2,009,334$638,965$397,278$1,416,929
54$2,127,988$583,977$324,289$1,453,167
55$2,256,027$523,576$246,137$1,492,145
56$2,394,322$457,412$162,563$1,534,211
57$2,543,831$385,113$73,297$1,579,752
58$2,705,606$306,288$0$1,629,205
59$2,880,805$220,523$0$1,688,680
60$3,070,700$127,381$0$1,773,492
61$3,276,690$26,401$0$1,865,536
62$3,500,313$0$0$1,965,571
63$3,743,262$0$0$2,096,330
64$4,007,398$0$0$2,246,156
65$4,294,770$0$0$2,409,249
66$4,607,629$0$0$2,586,898
67$4,948,456$0$0$2,780,521
68$5,319,980$0$0$2,991,682
69$5,725,202$0$0$3,222,099
70$6,167,428$0$0$3,473,664
71$6,650,297$0$0$3,748,461
72$7,177,812$0$0$4,048,782
73$7,754,384$0$0$4,377,152
74$8,384,865$0$0$4,736,351
75$9,074,601$0$0$5,129,439
76$9,829,476$0$0$5,559,786
77$10,655,970$0$0$6,031,104
78$11,561,219$0$0$6,547,480
79$12,553,081$0$0$7,113,413
80$13,640,211$0$0$7,733,862
81$14,832,139$0$0$8,414,285
82$16,139,364$0$0$9,160,695
83$17,573,447$0$0$9,979,716
84$19,147,125$0$0$10,878,644
85$20,874,425$0$0$11,865,513
86$22,770,800$0$0$12,949,176
87$24,853,272$0$0$14,139,385
88$27,140,591$0$0$15,446,880
89$29,653,414$0$0$16,883,497
90$32,414,496$0$0$18,462,270
91$35,448,906$0$0$20,197,564
92$38,784,262$0$0$22,105,200
93$42,450,990$0$0$24,202,610
94$46,482,613$0$0$26,509,001
95$50,916,062$0$0$29,045,532
96$55,792,029$0$0$31,835,516
97$61,155,343$0$0$34,904,640
98$67,055,400$0$0$38,281,205
99$73,546,623$0$0$41,996,392
100$80,688,975$0$0$46,084,559