Can I retire at age 40 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$78,615$77,915$77,232$76,565$75,914$72,931
2 years$38,918$38,194$37,491$36,810$36,149$33,180
3 years$25,688$24,960$24,259$23,585$22,935$20,073
4 years$19,074$18,348$17,655$16,991$16,357$13,625
5 years$15,107$14,385$13,701$13,051$12,434$9,839
6 years$12,463$11,747$11,072$10,437$9,839$7,382
7 years$10,575$9,865$9,201$8,581$8,002$5,682
8 years$9,159$8,456$7,803$7,198$6,638$4,453
9 years$8,059$7,362$6,721$6,131$5,590$3,537
10 years$7,180$6,490$5,859$5,285$4,763$2,837
11 years$6,460$5,777$5,159$4,600$4,097$2,294
12 years$5,862$5,185$4,578$4,035$3,550$1,866
13 years$5,355$4,686$4,090$3,562$3,096$1,525
14 years$4,921$4,260$3,675$3,162$2,714$1,251
15 years$4,546$3,891$3,318$2,820$2,389$1,030
16 years$4,218$3,570$3,008$2,525$2,112$849
17 years$3,928$3,288$2,737$2,269$1,872$702
18 years$3,671$3,038$2,499$2,044$1,665$581
19 years$3,442$2,816$2,288$1,847$1,484$482
20 years$3,236$2,617$2,100$1,673$1,325$400
21 years$3,049$2,437$1,931$1,518$1,186$333
22 years$2,880$2,275$1,780$1,381$1,063$277
23 years$2,725$2,128$1,643$1,257$954$230
24 years$2,584$1,994$1,520$1,147$858$192
25 years$2,454$1,871$1,408$1,047$772$160
26 years$2,335$1,758$1,306$958$695$133
27 years$2,224$1,655$1,212$877$627$111
28 years$2,122$1,559$1,127$803$566$92
29 years$2,027$1,471$1,049$736$511$77
30 years$1,938$1,389$977$676$461$64
31 years$1,855$1,313$911$621$417$54
32 years$1,778$1,243$850$570$377$45
33 years$1,705$1,177$793$525$342$37
34 years$1,637$1,115$741$483$309$31
35 years$1,572$1,058$693$444$280$26
36 years$1,512$1,004$648$409$254$22
37 years$1,455$954$607$377$230$18
38 years$1,401$906$568$348$209$15
39 years$1,350$862$532$320$189$13
40 years$1,302$820$499$296$172$11
41 years$1,256$781$468$273$156$9
42 years$1,212$743$439$252$141$7
43 years$1,171$708$412$232$128$6
44 years$1,131$675$387$214$116$5
45 years$1,094$644$363$198$106$4
46 years$1,058$614$341$183$96$4
47 years$1,023$586$320$169$87$3
48 years$991$559$301$156$79$2
49 years$959$534$283$144$72$2
50 years$929$510$266$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $952,000, adding $6,288 every year, while hoping to spend $48,230 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: 68/9/23 Blend
39$952,000$952,000$952,000$952,000
40$1,055,590$1,005,134$990,378$1,120,801
41$1,111,944$1,003,069$972,239$1,163,233
42$1,172,429$999,287$951,877$1,203,493
43$1,237,417$993,652$929,164$1,246,397
44$1,307,313$986,021$903,971$1,292,206
45$1,382,565$976,241$876,160$1,341,207
46$1,463,663$964,153$845,587$1,393,719
47$1,551,145$949,585$812,103$1,450,093
48$1,645,602$932,356$775,549$1,510,719
49$1,747,687$912,274$735,763$1,576,027
50$1,858,112$889,136$692,572$1,646,493
51$1,977,663$862,728$645,797$1,722,643
52$2,107,205$832,822$595,252$1,805,057
53$2,247,686$799,176$540,739$1,894,379
54$2,400,151$761,537$482,054$1,991,318
55$2,565,748$719,634$418,985$2,096,659
56$2,745,741$673,183$351,308$2,211,269
57$2,941,519$621,881$278,789$2,336,105
58$3,154,611$565,411$201,186$2,472,226
59$3,386,700$503,434$118,244$2,620,801
60$3,639,638$435,596$29,699$2,783,120
61$3,915,460$361,520$0$2,960,609
62$4,216,412$280,809$0$3,170,744
63$4,544,959$193,042$0$3,408,174
64$4,903,821$97,777$0$3,667,597
65$5,295,987$0$0$3,951,209
66$5,724,752$0$0$4,261,972
67$6,193,740$0$0$4,612,534
68$6,706,945$0$0$4,996,202
69$7,268,763$0$0$5,416,269
70$7,884,034$0$0$5,876,363
71$8,558,089$0$0$6,380,477
72$9,296,798$0$0$6,933,009
73$10,106,629$0$0$7,538,804
74$10,994,701$0$0$8,203,197
75$11,968,858$0$0$8,932,064
76$13,037,739$0$0$9,731,877
77$14,210,860$0$0$10,609,768
78$15,498,702$0$0$11,573,588
79$16,912,812$0$0$12,631,988
80$18,465,908$0$0$13,794,500
81$20,172,001$0$0$15,071,620
82$22,046,527$0$0$16,474,914
83$24,106,490$0$0$18,017,122
84$26,370,622$0$0$19,712,282
85$28,859,561$0$0$21,575,856
86$31,596,045$0$0$23,624,882
87$34,605,124$0$0$25,878,130
88$37,914,397$0$0$28,356,279
89$41,554,272$0$0$31,082,115
90$45,558,251$0$0$34,080,741
91$49,963,247$0$0$37,379,817
92$54,809,931$0$0$41,009,819
93$60,143,116$0$0$45,004,324
94$66,012,177$0$0$49,400,331
95$72,471,518$0$0$54,238,606
96$79,581,083$0$0$59,564,068
97$87,406,925$0$0$65,426,209
98$96,021,822$0$0$71,879,568
99$105,505,970$0$0$78,984,236
100$115,947,733$0$0$86,806,427