Can I retire at age 40 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$78,202$77,506$76,826$76,163$75,515$72,749
2 years$38,714$37,993$37,294$36,617$35,960$33,204
3 years$25,553$24,829$24,132$23,461$22,814$20,155
4 years$18,974$18,252$17,562$16,902$16,271$13,729
5 years$15,027$14,310$13,629$12,982$12,369$9,951
6 years$12,397$11,685$11,014$10,382$9,787$7,494
7 years$10,519$9,813$9,153$8,536$7,960$5,791
8 years$9,111$8,412$7,762$7,160$6,603$4,558
9 years$8,017$7,324$6,686$6,099$5,561$3,636
10 years$7,142$6,456$5,829$5,257$4,738$2,930
11 years$6,427$5,747$5,131$4,576$4,075$2,379
12 years$5,831$5,158$4,554$4,013$3,531$1,944
13 years$5,327$4,661$4,069$3,543$3,079$1,597
14 years$4,896$4,237$3,656$3,145$2,699$1,316
15 years$4,522$3,871$3,301$2,805$2,377$1,089
16 years$4,196$3,551$2,993$2,512$2,101$903
17 years$3,908$3,271$2,723$2,257$1,863$750
18 years$3,652$3,022$2,486$2,034$1,656$625
19 years$3,424$2,801$2,276$1,838$1,476$521
20 years$3,219$2,603$2,088$1,664$1,318$435
21 years$3,033$2,424$1,921$1,510$1,180$363
22 years$2,865$2,263$1,771$1,373$1,058$304
23 years$2,711$2,117$1,635$1,251$949$254
24 years$2,571$1,983$1,512$1,141$853$213
25 years$2,442$1,861$1,400$1,042$768$178
26 years$2,323$1,749$1,299$953$692$149
27 years$2,213$1,646$1,206$872$624$125
28 years$2,111$1,551$1,121$799$563$105
29 years$2,016$1,463$1,043$733$508$88
30 years$1,928$1,382$972$672$459$74
31 years$1,845$1,306$906$617$415$62
32 years$1,768$1,236$845$567$375$52
33 years$1,696$1,171$789$522$340$44
34 years$1,628$1,109$737$480$308$37
35 years$1,564$1,052$689$442$279$31
36 years$1,504$999$645$407$252$26
37 years$1,447$949$604$375$229$22
38 years$1,394$902$565$346$207$18
39 years$1,343$857$530$319$188$15
40 years$1,295$816$496$294$171$13
41 years$1,249$776$465$271$155$11
42 years$1,206$739$437$250$140$9
43 years$1,164$705$410$231$127$8
44 years$1,125$672$385$213$116$6
45 years$1,088$640$361$197$105$5
46 years$1,052$611$339$182$95$4
47 years$1,018$583$319$168$87$4
48 years$985$557$299$155$79$3
49 years$954$531$281$144$71$3
50 years$925$508$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $947,000, adding $3,466 every year, while hoping to spend $33,176 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: 82/9/9 Blend
39$947,000$947,000$947,000$947,000
40$1,047,169$996,978$982,300$1,131,432
41$1,118,681$1,010,531$979,908$1,200,650
42$1,196,376$1,023,636$976,324$1,271,863
43$1,280,848$1,036,237$971,473$1,349,039
44$1,372,754$1,048,271$965,276$1,432,756
45$1,472,814$1,059,675$957,652$1,523,652
46$1,581,821$1,070,379$948,513$1,622,431
47$1,700,648$1,080,309$937,769$1,729,864
48$1,830,256$1,089,387$925,327$1,846,805
49$1,971,703$1,097,527$911,086$1,974,192
50$2,126,152$1,104,642$894,943$2,113,058
51$2,294,885$1,110,635$876,789$2,264,543
52$2,479,313$1,115,405$856,511$2,429,902
53$2,680,989$1,118,846$833,990$2,610,516
54$2,901,622$1,120,841$809,101$2,807,909
55$3,143,095$1,121,271$781,714$3,023,759
56$3,407,483$1,120,005$751,693$3,259,914
57$3,697,067$1,116,906$718,895$3,518,412
58$4,014,362$1,111,829$683,173$3,801,498
59$4,362,138$1,104,619$644,370$4,111,643
60$4,743,444$1,095,113$602,324$4,451,575
61$5,161,638$1,083,137$556,866$4,824,296
62$5,620,421$1,068,507$507,816$5,233,115
63$6,123,867$1,051,026$454,991$5,681,679
64$6,676,465$1,030,490$398,196$6,174,007
65$7,283,158$1,006,678$337,230$6,714,528
66$7,949,394$979,358$271,880$7,308,120
67$8,681,171$948,286$201,927$7,960,163
68$9,485,099$913,200$127,140$8,676,582
69$10,368,458$873,827$47,279$9,463,910
70$11,339,271$829,874$0$10,329,343
71$12,406,373$781,035$0$11,284,458
72$13,579,501$726,983$0$12,339,434
73$14,869,379$667,374$0$13,499,387
74$16,287,825$601,845$0$14,774,959
75$17,847,858$530,010$0$16,177,879
76$19,563,823$451,464$0$17,721,072
77$21,451,524$365,777$0$19,418,778
78$23,528,374$272,495$0$21,286,690
79$25,813,561$171,139$0$23,342,100
80$28,328,223$61,204$0$25,604,063
81$31,095,653$0$0$28,093,577
82$34,141,517$0$0$30,839,509
83$37,494,093$0$0$33,868,649
84$41,184,542$0$0$37,203,092
85$45,247,196$0$0$40,873,863
86$49,719,890$0$0$44,915,148
87$54,644,308$0$0$49,364,617
88$60,066,387$0$0$54,263,778
89$66,036,741$0$0$59,658,368
90$72,611,144$0$0$65,598,787
91$79,851,053$0$0$72,140,569
92$87,824,191$0$0$79,344,910
93$96,605,181$0$0$87,279,243
94$106,276,255$0$0$96,017,874
95$116,928,024$0$0$105,642,684
96$128,660,339$0$0$116,243,902
97$141,583,228$0$0$127,920,951
98$155,817,937$0$0$140,783,395
99$171,498,073$0$0$154,951,966
100$188,770,864$0$0$170,559,703