Can I retire at age 40 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$77,872$77,178$76,502$75,841$75,196$74,660
2 years$38,551$37,833$37,137$36,462$35,808$35,267
3 years$25,445$24,724$24,030$23,362$22,718$22,189
4 years$18,894$18,175$17,488$16,831$16,203$15,690
5 years$14,964$14,249$13,571$12,928$12,317$11,822
6 years$12,345$11,636$10,967$10,338$9,746$9,270
7 years$10,475$9,772$9,114$8,500$7,926$7,469
8 years$9,073$8,376$7,729$7,130$6,575$6,137
9 years$7,983$7,293$6,657$6,073$5,537$5,117
10 years$7,112$6,428$5,804$5,235$4,718$4,317
11 years$6,399$5,723$5,110$4,556$4,058$3,674
12 years$5,806$5,136$4,535$3,996$3,516$3,151
13 years$5,305$4,642$4,052$3,528$3,066$2,718
14 years$4,875$4,219$3,640$3,132$2,688$2,356
15 years$4,503$3,854$3,287$2,793$2,367$2,052
16 years$4,178$3,536$2,980$2,501$2,092$1,793
17 years$3,891$3,257$2,712$2,247$1,855$1,571
18 years$3,637$3,009$2,475$2,025$1,649$1,381
19 years$3,409$2,789$2,266$1,830$1,470$1,216
20 years$3,205$2,592$2,080$1,657$1,313$1,073
21 years$3,020$2,414$1,913$1,504$1,175$948
22 years$2,853$2,254$1,763$1,368$1,053$839
23 years$2,700$2,108$1,628$1,245$945$744
24 years$2,560$1,975$1,505$1,136$850$660
25 years$2,431$1,853$1,394$1,037$765$586
26 years$2,313$1,742$1,293$949$689$521
27 years$2,203$1,639$1,201$868$621$464
28 years$2,102$1,545$1,116$795$560$413
29 years$2,007$1,457$1,039$729$506$368
30 years$1,920$1,376$968$669$457$328
31 years$1,837$1,301$902$615$413$292
32 years$1,761$1,231$842$565$374$261
33 years$1,689$1,166$786$520$338$233
34 years$1,621$1,105$734$478$306$208
35 years$1,558$1,048$687$440$277$186
36 years$1,498$995$642$405$251$166
37 years$1,441$945$601$373$228$148
38 years$1,388$898$563$344$207$132
39 years$1,337$854$527$317$187$118
40 years$1,289$812$494$293$170$106
41 years$1,244$773$464$270$154$95
42 years$1,201$736$435$249$140$85
43 years$1,160$702$408$230$127$76
44 years$1,120$669$383$212$115$68
45 years$1,083$638$360$196$105$61
46 years$1,048$608$338$181$95$54
47 years$1,014$581$317$167$86$48
48 years$981$554$298$155$78$43
49 years$950$529$280$143$71$39
50 years$921$506$263$132$65$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $943,000, adding $5,105 every year, while hoping to spend $28,927 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: 74/5/21 Blend
39$943,000$943,000$943,000$943,000
40$1,044,452$994,473$979,856$1,116,105
41$1,120,208$1,012,424$981,903$1,182,331
42$1,202,721$1,030,285$983,050$1,250,887
43$1,292,651$1,048,021$983,234$1,325,279
44$1,390,722$1,065,595$982,393$1,406,081
45$1,497,733$1,082,966$980,460$1,493,927
46$1,614,561$1,100,091$977,365$1,589,518
47$1,742,173$1,116,922$973,033$1,693,622
48$1,881,634$1,133,410$967,389$1,807,089
49$2,034,115$1,149,502$960,351$1,930,853
50$2,200,907$1,165,140$951,835$2,065,946
51$2,383,430$1,180,262$941,752$2,213,504
52$2,583,249$1,194,804$930,009$2,374,778
53$2,802,085$1,208,694$916,510$2,551,149
54$3,041,835$1,221,858$901,151$2,744,137
55$3,304,590$1,234,216$883,826$2,955,420
56$3,592,648$1,245,683$864,425$3,186,844
57$3,908,545$1,256,168$842,830$3,440,445
58$4,255,071$1,265,575$818,919$3,718,469
59$4,635,300$1,273,800$792,565$4,023,390
60$5,052,618$1,280,733$763,633$4,357,932
61$5,510,755$1,286,259$731,984$4,725,103
62$6,013,818$1,290,252$697,472$5,128,214
63$6,566,335$1,292,582$659,945$5,570,916
64$7,173,291$1,293,108$619,242$6,057,233
65$7,840,177$1,291,681$575,198$6,591,599
66$8,573,045$1,288,143$527,637$7,178,904
67$9,378,560$1,282,326$476,377$7,824,534
68$10,264,066$1,274,054$421,229$8,534,428
69$11,237,655$1,263,136$361,994$9,315,131
70$12,308,238$1,249,372$298,463$10,173,857
71$13,485,638$1,232,551$230,421$11,118,556
72$14,780,675$1,212,447$157,642$12,157,991
73$16,205,269$1,188,823$79,889$13,301,821
74$17,772,557$1,161,426$0$14,560,689
75$19,497,010$1,129,988$0$15,947,022
76$21,394,574$1,094,226$0$17,492,204
77$23,482,820$1,053,842$0$19,192,629
78$25,781,105$1,008,518$0$21,064,066
79$28,310,761$957,918$0$23,123,893
80$31,095,291$901,689$0$25,391,256
81$34,160,594$839,455$0$27,887,256
82$37,535,205$770,819$0$30,635,141
83$41,250,569$695,362$0$33,660,532
84$45,341,333$612,642$0$36,991,659
85$49,845,677$522,188$0$40,659,631
86$54,805,669$423,508$0$44,698,728
87$60,267,665$316,078$0$49,146,725
88$66,282,747$199,347$0$54,045,248
89$72,907,203$72,730$0$59,440,168
90$80,203,057$0$0$65,382,032
91$88,238,657$0$0$71,930,084
92$97,089,317$0$0$79,146,776
93$106,838,029$0$0$87,095,786
94$117,576,246$0$0$95,851,690
95$129,404,745$0$0$105,496,669
96$142,434,576$0$0$116,121,280
97$156,788,111$0$0$127,825,317
98$172,600,202$0$0$140,718,744
99$190,019,446$0$0$154,922,742
100$209,209,595$0$0$170,570,844