Can I retire at age 40 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$78,120$77,424$76,745$76,082$75,435$74,155
2 years$38,673$37,953$37,255$36,578$35,922$34,636
3 years$25,526$24,803$24,106$23,436$22,790$21,539
4 years$18,954$18,233$17,543$16,884$16,254$15,047
5 years$15,011$14,295$13,614$12,969$12,356$11,196
6 years$12,384$11,673$11,002$10,371$9,777$8,666
7 years$10,508$9,803$9,143$8,527$7,951$6,889
8 years$9,102$8,403$7,754$7,153$6,596$5,583
9 years$8,008$7,316$6,679$6,093$5,555$4,591
10 years$7,134$6,449$5,822$5,252$4,733$3,816
11 years$6,420$5,741$5,126$4,571$4,071$3,200
12 years$5,825$5,153$4,549$4,009$3,528$2,703
13 years$5,321$4,657$4,064$3,539$3,076$2,295
14 years$4,890$4,233$3,652$3,142$2,697$1,959
15 years$4,517$3,867$3,297$2,802$2,374$1,678
16 years$4,191$3,548$2,989$2,509$2,098$1,442
17 years$3,904$3,267$2,720$2,254$1,861$1,242
18 years$3,648$3,019$2,483$2,032$1,654$1,073
19 years$3,420$2,798$2,273$1,836$1,475$929
20 years$3,215$2,600$2,086$1,663$1,317$805
21 years$3,030$2,422$1,919$1,509$1,179$699
22 years$2,862$2,261$1,769$1,372$1,056$608
23 years$2,708$2,114$1,633$1,249$948$529
24 years$2,568$1,981$1,510$1,140$852$460
25 years$2,439$1,859$1,399$1,041$767$401
26 years$2,320$1,747$1,297$952$691$350
27 years$2,210$1,644$1,205$871$623$306
28 years$2,108$1,549$1,120$798$562$267
29 years$2,014$1,462$1,042$732$508$233
30 years$1,926$1,380$971$672$459$204
31 years$1,843$1,305$905$617$415$178
32 years$1,766$1,235$844$567$375$156
33 years$1,694$1,169$788$521$339$136
34 years$1,626$1,108$737$480$307$119
35 years$1,563$1,051$689$442$278$104
36 years$1,502$998$644$407$252$91
37 years$1,446$948$603$375$229$80
38 years$1,392$901$565$345$207$70
39 years$1,341$856$529$318$188$61
40 years$1,293$815$496$294$170$54
41 years$1,248$776$465$271$155$47
42 years$1,204$739$436$250$140$41
43 years$1,163$704$409$231$127$36
44 years$1,124$671$384$213$116$32
45 years$1,087$640$361$197$105$28
46 years$1,051$610$339$182$95$24
47 years$1,017$582$318$168$87$21
48 years$984$556$299$155$79$19
49 years$953$531$281$143$71$16
50 years$924$507$264$133$65$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $946,000, adding $2,340 every year, while hoping to spend $50,746 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: 72/23/5 Blend
39$946,000$946,000$946,000$946,000
40$1,044,906$994,768$980,105$1,119,516
41$1,097,493$989,518$958,945$1,163,753
42$1,153,743$982,310$935,375$1,205,574
43$1,213,976$972,995$909,262$1,249,920
44$1,278,544$961,414$880,464$1,297,025
45$1,347,830$947,398$848,835$1,347,145
46$1,422,259$930,770$814,221$1,400,565
47$1,502,293$911,342$776,461$1,457,600
48$1,588,442$888,913$735,387$1,518,597
49$1,681,265$863,271$690,825$1,583,940
50$1,781,376$834,194$642,589$1,654,053
51$1,889,450$801,443$590,490$1,729,403
52$2,006,228$764,768$534,326$1,810,509
53$2,132,526$723,904$473,888$1,897,943
54$2,269,238$678,570$408,958$1,992,336
55$2,417,350$628,469$339,307$2,094,387
56$2,577,943$573,288$264,698$2,204,866
57$2,752,209$512,694$184,881$2,324,625
58$2,941,456$446,338$99,596$2,454,606
59$3,147,125$373,849$8,573$2,595,848
60$3,370,800$294,836$0$2,749,499
61$3,614,223$208,885$0$2,921,552
62$3,879,313$115,560$0$3,109,478
63$4,168,181$14,399$0$3,314,383
64$4,483,148$0$0$3,537,993
65$4,826,770$0$0$3,806,275
66$5,201,862$0$0$4,103,149
67$5,611,520$0$0$4,427,425
68$6,059,154$0$0$4,781,809
69$6,548,518$0$0$5,169,278
70$7,083,743$0$0$5,593,109
71$7,669,380$0$0$6,056,914
72$8,310,440$0$0$6,564,666
73$9,012,440$0$0$7,120,742
74$9,781,455$0$0$7,729,961
75$10,624,177$0$0$8,397,633
76$11,547,974$0$0$9,129,602
77$12,560,963$0$0$9,932,308
78$13,672,082$0$0$10,812,841
79$14,891,178$0$0$11,779,013
80$16,229,094$0$0$12,839,428
81$17,697,776$0$0$14,003,562
82$19,310,384$0$0$15,281,854
83$21,081,411$0$0$16,685,806
84$23,026,827$0$0$18,228,084
85$25,164,221$0$0$19,922,644
86$27,512,972$0$0$21,784,862
87$30,094,428$0$0$23,831,675
88$32,932,110$0$0$26,081,742
89$36,051,929$0$0$28,555,622
90$39,482,433$0$0$31,275,964
91$43,255,074$0$0$34,267,723
92$47,404,506$0$0$37,558,391
93$51,968,908$0$0$41,178,262
94$56,990,348$0$0$45,160,711
95$62,515,173$0$0$49,542,510
96$68,594,453$0$0$54,364,179
97$75,284,455$0$0$59,670,360
98$82,647,179$0$0$65,510,245
99$90,750,937$0$0$71,938,033
100$99,671,002$0$0$79,013,446