Can I retire at age 40 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$77,707$77,015$76,339$75,680$75,037$74,222
2 years$38,469$37,752$37,058$36,385$35,732$34,912
3 years$25,391$24,672$23,979$23,312$22,670$21,869
4 years$18,854$18,136$17,451$16,795$16,168$15,394
5 years$14,932$14,219$13,542$12,900$12,291$11,545
6 years$12,319$11,611$10,944$10,316$9,725$9,009
7 years$10,453$9,751$9,095$8,482$7,909$7,222
8 years$9,054$8,358$7,713$7,115$6,562$5,904
9 years$7,966$7,277$6,643$6,060$5,526$4,897
10 years$7,097$6,415$5,792$5,224$4,708$4,108
11 years$6,386$5,711$5,099$4,547$4,049$3,478
12 years$5,794$5,125$4,525$3,988$3,509$2,965
13 years$5,293$4,632$4,043$3,521$3,060$2,543
14 years$4,865$4,210$3,633$3,125$2,682$2,192
15 years$4,493$3,846$3,280$2,787$2,362$1,897
16 years$4,169$3,529$2,974$2,496$2,087$1,647
17 years$3,883$3,250$2,706$2,242$1,851$1,435
18 years$3,629$3,003$2,470$2,021$1,646$1,253
19 years$3,402$2,783$2,261$1,826$1,467$1,096
20 years$3,198$2,586$2,075$1,654$1,310$961
21 years$3,014$2,409$1,909$1,501$1,172$844
22 years$2,847$2,249$1,759$1,365$1,051$742
23 years$2,694$2,103$1,624$1,243$943$653
24 years$2,554$1,971$1,502$1,134$848$575
25 years$2,426$1,849$1,391$1,035$763$507
26 years$2,308$1,738$1,290$947$687$448
27 years$2,199$1,636$1,198$866$620$396
28 years$2,097$1,541$1,114$794$559$350
29 years$2,003$1,454$1,037$728$505$309
30 years$1,915$1,373$966$668$456$274
31 years$1,834$1,298$900$614$412$242
32 years$1,757$1,228$840$564$373$215
33 years$1,685$1,163$784$519$338$190
34 years$1,618$1,102$733$477$306$168
35 years$1,554$1,046$685$439$277$149
36 years$1,495$992$641$404$251$132
37 years$1,438$943$600$373$227$117
38 years$1,385$896$562$344$206$104
39 years$1,334$852$526$317$187$92
40 years$1,286$810$493$292$170$82
41 years$1,241$771$463$270$154$73
42 years$1,198$735$434$249$140$64
43 years$1,157$700$407$230$127$57
44 years$1,118$667$382$212$115$51
45 years$1,081$636$359$196$104$45
46 years$1,045$607$337$181$95$40
47 years$1,012$579$317$167$86$36
48 years$979$553$298$154$78$32
49 years$948$528$280$143$71$28
50 years$919$504$263$132$64$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $941,000, adding $5,970 every year, while hoping to spend $50,173 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: 78/14/8 Blend
39$941,000$941,000$941,000$941,000
40$1,043,140$993,267$978,682$1,122,881
41$1,096,157$988,553$958,084$1,171,362
42$1,152,899$981,927$935,114$1,217,414
43$1,213,695$973,242$909,641$1,266,444
44$1,278,903$962,342$881,525$1,318,728
45$1,348,917$949,062$850,621$1,374,568
46$1,424,168$933,228$816,779$1,434,297
47$1,505,131$914,654$779,839$1,498,283
48$1,592,327$893,145$739,636$1,566,931
49$1,686,328$868,492$695,997$1,640,688
50$1,787,761$840,476$648,741$1,720,046
51$1,897,318$808,865$597,679$1,805,551
52$2,015,757$773,411$542,613$1,897,801
53$2,143,911$733,855$483,338$1,997,457
54$2,282,697$689,921$419,637$2,105,250
55$2,433,122$641,317$351,285$2,221,985
56$2,596,295$587,736$278,047$2,348,549
57$2,773,434$528,852$199,679$2,485,922
58$2,965,879$464,321$115,923$2,635,184
59$3,175,104$393,778$26,512$2,797,527
60$3,402,732$316,841$0$2,974,267
61$3,650,546$233,102$0$3,172,734
62$3,920,511$142,132$0$3,391,445
63$4,214,787$43,480$0$3,629,925
64$4,535,751$0$0$3,890,149
65$4,886,023$0$0$4,184,048
66$5,268,482$0$0$4,512,298
67$5,686,301$0$0$4,870,925
68$6,142,971$0$0$5,262,932
69$6,642,337$0$0$5,691,621
70$7,188,630$0$0$6,160,630
71$7,786,512$0$0$6,673,965
72$8,441,114$0$0$7,236,036
73$9,158,087$0$0$7,851,699
74$9,943,655$0$0$8,526,305
75$10,804,672$0$0$9,265,743
76$11,748,685$0$0$10,076,501
77$12,784,008$0$0$10,965,724
78$13,919,798$0$0$11,941,283
79$15,166,142$0$0$13,011,846
80$16,534,148$0$0$14,186,962
81$18,036,054$0$0$15,477,148
82$19,685,340$0$0$16,893,992
83$21,496,856$0$0$18,450,257
84$23,486,960$0$0$20,160,002
85$25,673,674$0$0$22,038,718
86$28,076,851$0$0$24,103,468
87$30,718,362$0$0$26,373,052
88$33,622,304$0$0$28,868,181
89$36,815,225$0$0$31,611,673
90$40,326,371$0$0$34,628,668
91$44,187,969$0$0$37,946,863
92$48,435,521$0$0$41,596,775
93$53,108,145$0$0$45,612,028
94$58,248,942$0$0$50,029,666
95$63,905,398$0$0$54,890,507
96$70,129,837$0$0$60,239,526
97$76,979,911$0$0$66,126,275
98$84,519,143$0$0$72,605,356
99$92,817,525$0$0$79,736,930
100$101,952,182$0$0$87,587,288