Can I retire at age 40 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$77,789$77,097$76,421$75,761$75,116$74,737
2 years$38,510$37,792$37,097$36,423$35,770$35,387
3 years$25,418$24,698$24,004$23,337$22,694$22,319
4 years$18,874$18,155$17,469$16,813$16,185$15,822
5 years$14,948$14,234$13,557$12,914$12,304$11,953
6 years$12,332$11,623$10,956$10,327$9,736$9,397
7 years$10,464$9,761$9,104$8,491$7,918$7,592
8 years$9,063$8,367$7,721$7,123$6,568$6,256
9 years$7,975$7,285$6,650$6,067$5,532$5,232
10 years$7,104$6,421$5,798$5,230$4,713$4,427
11 years$6,393$5,717$5,104$4,551$4,054$3,779
12 years$5,800$5,131$4,530$3,992$3,513$3,251
13 years$5,299$4,637$4,047$3,525$3,063$2,813
14 years$4,870$4,215$3,636$3,129$2,685$2,447
15 years$4,498$3,850$3,283$2,790$2,364$2,138
16 years$4,173$3,533$2,977$2,498$2,089$1,874
17 years$3,887$3,253$2,709$2,245$1,853$1,648
18 years$3,633$3,006$2,473$2,023$1,647$1,453
19 years$3,406$2,786$2,264$1,828$1,468$1,285
20 years$3,202$2,589$2,077$1,656$1,312$1,138
21 years$3,017$2,412$1,911$1,503$1,174$1,009
22 years$2,850$2,251$1,761$1,366$1,052$897
23 years$2,697$2,105$1,626$1,244$944$798
24 years$2,557$1,973$1,504$1,135$849$711
25 years$2,429$1,851$1,393$1,036$764$634
26 years$2,310$1,740$1,292$948$688$565
27 years$2,201$1,637$1,200$867$620$505
28 years$2,100$1,543$1,115$795$560$451
29 years$2,005$1,456$1,038$729$505$404
30 years$1,918$1,375$967$669$457$361
31 years$1,836$1,299$901$614$413$324
32 years$1,759$1,230$841$564$373$290
33 years$1,687$1,164$785$519$338$260
34 years$1,619$1,104$734$478$306$233
35 years$1,556$1,047$686$440$277$209
36 years$1,496$994$642$405$251$187
37 years$1,440$944$600$373$228$168
38 years$1,386$897$562$344$206$151
39 years$1,336$853$527$317$187$135
40 years$1,288$811$494$292$170$122
41 years$1,242$772$463$270$154$109
42 years$1,199$736$434$249$140$98
43 years$1,158$701$408$230$127$88
44 years$1,119$668$383$212$115$79
45 years$1,082$637$359$196$104$71
46 years$1,047$608$337$181$95$64
47 years$1,013$580$317$167$86$57
48 years$980$554$298$155$78$52
49 years$949$529$280$143$71$46
50 years$920$505$263$132$65$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $942,000, adding $3,255 every year, while hoping to spend $25,786 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: 52/25/23 Blend
39$942,000$942,000$942,000$942,000
40$1,041,442$991,516$976,915$1,088,785
41$1,120,232$1,012,664$982,205$1,142,987
42$1,206,196$1,033,984$986,809$1,198,996
43$1,300,036$1,055,457$990,675$1,259,386
44$1,402,528$1,077,063$993,751$1,324,582
45$1,514,526$1,098,780$995,982$1,395,056
46$1,636,970$1,120,582$997,309$1,471,326
47$1,770,893$1,142,443$997,672$1,553,962
48$1,917,436$1,164,334$997,005$1,643,595
49$2,077,852$1,186,224$995,243$1,740,920
50$2,253,523$1,208,079$992,313$1,846,703
51$2,445,970$1,229,863$988,143$1,961,788
52$2,656,869$1,251,535$982,655$2,087,106
53$2,888,063$1,273,054$975,768$2,223,684
54$3,141,585$1,294,373$967,396$2,372,655
55$3,419,673$1,315,444$957,450$2,535,267
56$3,724,791$1,336,213$945,837$2,712,895
57$4,059,656$1,356,623$932,458$2,907,059
58$4,427,257$1,376,614$917,212$3,119,432
59$4,830,890$1,396,120$899,991$3,351,858
60$5,274,183$1,415,072$880,682$3,606,373
61$5,761,133$1,433,395$859,169$3,885,220
62$6,296,146$1,451,008$835,328$4,190,873
63$6,884,072$1,467,826$809,031$4,526,059
64$7,530,256$1,483,759$780,143$4,893,785
65$8,240,588$1,498,709$748,523$5,297,367
66$9,021,555$1,512,573$714,025$5,740,460
67$9,880,303$1,525,239$676,495$6,227,095
68$10,824,709$1,536,589$635,772$6,761,715
69$11,863,446$1,546,500$591,688$7,349,219
70$13,006,076$1,554,836$544,068$7,995,008
71$14,263,129$1,561,457$492,727$8,705,038
72$15,646,211$1,566,211$437,476$9,485,872
73$17,168,106$1,568,937$378,113$10,344,748
74$18,842,904$1,569,465$314,431$11,289,645
75$20,686,125$1,567,614$246,209$12,329,358
76$22,714,874$1,563,192$173,222$13,473,584
77$24,947,997$1,555,994$95,230$14,733,013
78$27,406,259$1,545,804$11,987$16,119,428
79$30,112,541$1,532,392$0$17,645,820
80$33,092,055$1,515,514$0$19,345,367
81$36,372,583$1,494,912$0$21,219,361
82$39,984,736$1,470,313$0$23,282,326
83$43,962,247$1,441,426$0$25,553,515
84$48,342,284$1,407,944$0$28,054,148
85$53,165,806$1,369,542$0$30,807,608
86$58,477,944$1,325,876$0$33,839,667
87$64,328,431$1,276,580$0$37,178,727
88$70,772,069$1,221,270$0$40,856,091
89$77,869,244$1,159,537$0$44,906,256
90$85,686,502$1,090,949$0$49,367,239
91$94,297,170$1,015,050$0$54,280,941
92$103,782,052$931,358$0$59,693,538
93$114,230,188$839,361$0$65,655,920
94$125,739,699$738,522$0$72,224,171
95$138,418,707$628,269$0$79,460,099
96$152,386,362$508,001$0$87,431,824
97$167,773,960$377,081$0$96,214,416
98$184,726,184$234,839$0$105,890,607
99$203,402,473$80,564$0$116,551,575
100$223,978,521$0$0$128,297,802