Can I retire at age 40 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$77,955$77,260$76,583$75,922$75,276$74,243
2 years$38,591$37,873$37,176$36,501$35,846$34,807
3 years$25,472$24,750$24,055$23,386$22,742$21,730
4 years$18,914$18,194$17,506$16,849$16,220$15,241
5 years$14,980$14,264$13,586$12,941$12,330$11,389
6 years$12,358$11,648$10,979$10,349$9,756$8,853
7 years$10,486$9,782$9,124$8,509$7,934$7,070
8 years$9,082$8,385$7,738$7,138$6,582$5,756
9 years$7,992$7,301$6,664$6,080$5,543$4,755
10 years$7,119$6,435$5,810$5,241$4,723$3,972
11 years$6,406$5,729$5,115$4,561$4,062$3,348
12 years$5,812$5,142$4,540$4,001$3,520$2,842
13 years$5,310$4,647$4,056$3,532$3,070$2,426
14 years$4,880$4,224$3,644$3,135$2,691$2,081
15 years$4,508$3,858$3,290$2,796$2,369$1,793
16 years$4,182$3,540$2,983$2,504$2,094$1,549
17 years$3,895$3,260$2,714$2,250$1,857$1,343
18 years$3,641$3,013$2,478$2,027$1,651$1,166
19 years$3,413$2,792$2,268$1,832$1,471$1,015
20 years$3,208$2,595$2,082$1,659$1,314$886
21 years$3,023$2,417$1,915$1,506$1,176$773
22 years$2,856$2,256$1,765$1,369$1,054$676
23 years$2,703$2,110$1,630$1,247$946$592
24 years$2,562$1,977$1,507$1,137$851$519
25 years$2,434$1,855$1,396$1,039$765$455
26 years$2,315$1,744$1,295$950$689$400
27 years$2,206$1,641$1,202$869$622$351
28 years$2,104$1,546$1,118$796$561$309
29 years$2,010$1,459$1,040$730$506$271
30 years$1,922$1,378$969$670$458$239
31 years$1,839$1,302$903$616$414$210
32 years$1,763$1,232$843$566$374$185
33 years$1,691$1,167$787$520$339$163
34 years$1,623$1,106$735$479$307$144
35 years$1,559$1,049$687$441$278$126
36 years$1,499$996$643$406$252$111
37 years$1,443$946$602$374$228$98
38 years$1,389$899$564$345$207$87
39 years$1,339$855$528$318$188$76
40 years$1,291$813$495$293$170$67
41 years$1,245$774$464$270$154$59
42 years$1,202$737$435$250$140$52
43 years$1,161$702$408$230$127$46
44 years$1,122$669$383$213$115$41
45 years$1,084$638$360$196$105$36
46 years$1,049$609$338$181$95$32
47 years$1,015$581$318$168$86$28
48 years$982$555$298$155$78$25
49 years$951$530$281$143$71$22
50 years$922$506$264$132$65$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $944,000, adding $5,742 every year, while hoping to spend $41,950 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: 55/38/7 Blend
39$944,000$944,000$944,000$944,000
40$1,046,211$996,179$981,547$1,101,759
41$1,108,290$1,000,357$969,794$1,144,096
42$1,175,295$1,003,334$956,242$1,185,023
43$1,247,684$1,005,007$940,785$1,228,558
44$1,325,961$1,005,265$923,315$1,274,957
45$1,410,680$1,003,994$903,716$1,324,498
46$1,502,448$1,001,068$881,869$1,377,495
47$1,601,934$996,357$857,648$1,434,290
48$1,709,874$989,722$830,923$1,495,265
49$1,827,078$981,014$801,555$1,560,841
50$1,954,434$970,078$769,402$1,631,485
51$2,092,922$956,748$734,312$1,707,713
52$2,243,619$940,847$696,130$1,790,098
53$2,407,709$922,189$654,691$1,879,270
54$2,586,496$900,578$609,824$1,975,929
55$2,781,415$875,803$561,350$2,080,849
56$2,994,046$847,643$509,082$2,194,886
57$3,226,126$815,865$452,823$2,318,985
58$3,479,569$780,221$392,371$2,454,192
59$3,756,481$740,448$327,512$2,601,666
60$4,059,181$696,268$258,022$2,762,684
61$4,390,222$647,390$183,670$2,938,660
62$4,752,415$593,502$104,213$3,131,157
63$5,148,854$534,277$19,398$3,341,903
64$5,582,949$469,368$0$3,572,805
65$6,058,452$398,410$0$3,831,286
66$6,579,497$321,015$0$4,116,254
67$7,150,636$236,774$0$4,428,855
68$7,776,881$145,257$0$4,771,957
69$8,463,756$46,007$0$5,148,724
70$9,217,341$0$0$5,562,650
71$10,044,335$0$0$6,043,292
72$10,952,118$0$0$6,592,095
73$11,948,818$0$0$7,194,747
74$13,043,388$0$0$7,856,671
75$14,245,691$0$0$8,583,846
76$15,566,594$0$0$9,382,855
77$17,018,065$0$0$10,260,953
78$18,613,293$0$0$11,226,128
79$20,366,804$0$0$12,287,187
80$22,294,605$0$0$13,453,827
81$24,414,328$0$0$14,736,735
82$26,745,402$0$0$16,147,684
83$29,309,231$0$0$17,699,646
84$32,129,399$0$0$19,406,912
85$35,231,888$0$0$21,285,229
86$38,645,327$0$0$23,351,947
87$42,401,261$0$0$25,626,183
88$46,534,445$0$0$28,128,999
89$51,083,173$0$0$30,883,604
90$56,089,641$0$0$33,915,570
91$61,600,343$0$0$37,253,075
92$67,666,507$0$0$40,927,166
93$74,344,583$0$0$44,972,054
94$81,696,768$0$0$49,425,436
95$89,791,602$0$0$54,328,848
96$98,704,604$0$0$59,728,063
97$108,518,991$0$0$65,673,514
98$119,326,462$0$0$72,220,777
99$131,228,058$0$0$79,431,090
100$144,335,121$0$0$87,371,934