Can I retire at age 40 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$77,542$76,851$76,177$75,519$74,877$73,546
2 years$38,387$37,672$36,979$36,307$35,656$34,319
3 years$25,337$24,619$23,928$23,263$22,622$21,321
4 years$18,813$18,098$17,413$16,759$16,134$14,880
5 years$14,900$14,189$13,514$12,873$12,265$11,060
6 years$12,292$11,586$10,921$10,294$9,705$8,551
7 years$10,430$9,730$9,075$8,464$7,892$6,791
8 years$9,034$8,340$7,697$7,100$6,548$5,497
9 years$7,949$7,262$6,629$6,048$5,514$4,514
10 years$7,082$6,401$5,779$5,213$4,698$3,748
11 years$6,372$5,698$5,088$4,537$4,041$3,139
12 years$5,781$5,115$4,516$3,979$3,502$2,648
13 years$5,282$4,622$4,034$3,513$3,053$2,246
14 years$4,854$4,201$3,625$3,119$2,677$1,914
15 years$4,484$3,838$3,273$2,781$2,357$1,637
16 years$4,160$3,521$2,967$2,490$2,083$1,405
17 years$3,875$3,243$2,700$2,238$1,847$1,209
18 years$3,621$2,997$2,465$2,017$1,642$1,043
19 years$3,395$2,777$2,256$1,822$1,464$901
20 years$3,191$2,581$2,071$1,650$1,307$780
21 years$3,007$2,404$1,905$1,498$1,170$676
22 years$2,840$2,244$1,756$1,362$1,049$587
23 years$2,688$2,099$1,621$1,240$941$510
24 years$2,549$1,966$1,499$1,131$846$443
25 years$2,421$1,845$1,388$1,033$761$386
26 years$2,303$1,734$1,288$945$686$336
27 years$2,194$1,632$1,196$865$618$293
28 years$2,093$1,538$1,112$792$558$255
29 years$1,999$1,451$1,034$726$504$223
30 years$1,911$1,370$964$667$455$194
31 years$1,830$1,295$898$612$412$170
32 years$1,753$1,226$838$563$372$148
33 years$1,682$1,161$783$517$337$129
34 years$1,614$1,100$731$476$305$113
35 years$1,551$1,043$684$438$276$99
36 years$1,491$990$639$404$250$86
37 years$1,435$941$599$372$227$75
38 years$1,382$894$561$343$206$66
39 years$1,331$850$525$316$187$58
40 years$1,284$809$492$292$169$50
41 years$1,238$770$462$269$153$44
42 years$1,195$733$433$248$139$39
43 years$1,155$699$406$229$126$34
44 years$1,116$666$381$212$115$29
45 years$1,079$635$358$195$104$26
46 years$1,043$606$336$180$95$23
47 years$1,009$578$316$167$86$20
48 years$977$552$297$154$78$17
49 years$946$527$279$142$71$15
50 years$917$503$262$132$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $939,000, adding $2,080 every year, while hoping to spend $40,531 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: 85/5/10 Blend
39$939,000$939,000$939,000$939,000
40$1,036,924$987,157$972,602$1,123,383
41$1,099,565$992,403$962,060$1,185,432
42$1,167,238$996,547$949,805$1,247,897
43$1,240,412$999,494$935,740$1,315,270
44$1,319,604$1,001,139$919,757$1,388,018
45$1,405,383$1,001,374$901,748$1,466,656
46$1,498,373$1,000,083$881,599$1,551,752
47$1,599,263$997,143$859,188$1,643,932
48$1,708,807$992,422$834,389$1,743,882
49$1,827,836$985,782$807,073$1,852,362
50$1,957,266$977,075$777,100$1,970,205
51$2,098,101$966,146$744,327$2,098,332
52$2,251,450$952,830$708,604$2,237,754
53$2,418,529$936,950$669,774$2,389,588
54$2,600,680$918,321$627,672$2,555,062
55$2,799,376$896,746$582,126$2,735,531
56$3,016,243$872,017$532,958$2,932,486
57$3,253,067$843,913$479,979$3,147,569
58$3,511,816$812,201$422,995$3,382,593
59$3,794,656$776,634$361,800$3,639,552
60$4,103,972$736,949$296,181$3,920,645
61$4,442,389$692,871$225,914$4,228,292
62$4,812,798$644,108$150,768$4,565,165
63$5,218,384$590,350$70,500$4,934,203
64$5,662,652$531,270$0$5,338,647
65$6,149,463$466,522$0$5,783,686
66$6,683,070$395,743$0$6,279,772
67$7,268,154$318,546$0$6,823,740
68$7,909,875$234,524$0$7,420,399
69$8,613,912$143,246$0$8,075,050
70$9,386,525$44,258$0$8,793,529
71$10,234,604$0$0$9,582,267
72$11,165,744$0$0$10,451,812
73$12,188,306$0$0$11,409,422
74$13,311,505$0$0$12,461,291
75$14,545,491$0$0$13,616,925
76$15,901,443$0$0$14,886,799
77$17,391,680$0$0$16,282,450
78$19,029,773$0$0$17,816,589
79$20,830,672$0$0$19,503,219
80$22,810,848$0$0$21,357,771
81$24,988,448$0$0$23,397,241
82$27,383,467$0$0$25,640,358
83$30,017,933$0$0$28,107,755
84$32,916,117$0$0$30,822,168
85$36,104,761$0$0$33,808,645
86$39,613,330$0$0$37,094,784
87$43,474,288$0$0$40,710,997
88$47,723,406$0$0$44,690,787
89$52,400,099$0$0$49,071,076
90$57,547,794$0$0$53,892,542
91$63,214,346$0$0$59,200,007
92$69,452,481$0$0$65,042,863
93$76,320,300$0$0$71,475,531
94$83,881,821$0$0$78,557,976
95$92,207,588$0$0$86,356,278
96$101,375,334$0$0$94,943,246
97$111,470,710$0$0$104,399,111
98$122,588,100$0$0$114,812,282
99$134,831,506$0$0$126,280,177
100$148,315,531$0$0$138,910,143