Can I retire at age 40 with 891,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$73,578$72,923$72,283$71,659$71,050$70,661
2 years$36,425$35,746$35,089$34,451$33,833$33,441
3 years$24,042$23,361$22,705$22,073$21,465$21,082
4 years$17,852$17,173$16,523$15,903$15,309$14,937
5 years$14,139$13,463$12,823$12,215$11,638$11,279
6 years$11,664$10,994$10,363$9,768$9,209$8,863
7 years$9,897$9,233$8,611$8,031$7,489$7,156
8 years$8,573$7,914$7,303$6,737$6,213$5,893
9 years$7,543$6,891$6,290$5,738$5,232$4,926
10 years$6,720$6,074$5,484$4,947$4,458$4,165
11 years$6,046$5,407$4,828$4,305$3,834$3,554
12 years$5,486$4,853$4,285$3,776$3,323$3,055
13 years$5,012$4,386$3,828$3,334$2,897$2,642
14 years$4,606$3,987$3,440$2,959$2,540$2,297
15 years$4,255$3,642$3,105$2,639$2,236$2,005
16 years$3,947$3,341$2,816$2,363$1,976$1,757
17 years$3,677$3,077$2,562$2,123$1,752$1,544
18 years$3,436$2,843$2,339$1,913$1,558$1,360
19 years$3,221$2,635$2,141$1,729$1,389$1,202
20 years$3,028$2,449$1,965$1,566$1,240$1,063
21 years$2,854$2,281$1,807$1,421$1,110$943
22 years$2,695$2,129$1,666$1,292$995$837
23 years$2,551$1,991$1,538$1,177$893$744
24 years$2,419$1,866$1,422$1,073$803$662
25 years$2,297$1,751$1,317$980$722$590
26 years$2,185$1,646$1,222$896$651$526
27 years$2,082$1,549$1,135$820$587$470
28 years$1,986$1,459$1,055$752$529$419
29 years$1,897$1,377$982$689$478$375
30 years$1,814$1,300$914$633$432$335
31 years$1,736$1,229$852$581$391$300
32 years$1,664$1,163$795$534$353$268
33 years$1,596$1,101$743$491$320$240
34 years$1,532$1,044$694$452$289$215
35 years$1,472$990$649$416$262$193
36 years$1,415$940$607$383$238$173
37 years$1,362$893$568$353$215$155
38 years$1,311$848$532$325$195$139
39 years$1,263$807$498$300$177$125
40 years$1,218$767$467$277$161$112
41 years$1,175$730$438$255$146$100
42 years$1,134$696$411$236$132$90
43 years$1,096$663$385$217$120$81
44 years$1,059$632$362$201$109$73
45 years$1,023$603$340$185$99$65
46 years$990$575$319$171$90$58
47 years$958$549$300$158$81$52
48 years$927$524$282$146$74$47
49 years$898$500$265$135$67$42
50 years$870$478$249$125$61$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $891,000, adding $3,908 every year, while hoping to spend $44,039 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: 57/21/22 Blend
39$891,000$891,000$891,000$891,000
40$985,913$938,690$924,880$1,036,060
41$1,039,619$937,829$909,006$1,069,853
42$1,097,327$935,449$891,124$1,101,624
43$1,159,399$931,431$871,121$1,135,296
44$1,226,231$925,645$848,878$1,171,063
45$1,298,261$917,955$824,269$1,209,141
46$1,375,967$908,218$797,165$1,249,770
47$1,459,875$896,280$767,430$1,293,216
48$1,550,563$881,979$734,920$1,339,774
49$1,648,669$865,144$699,488$1,389,772
50$1,754,889$845,592$660,977$1,443,573
51$1,869,992$823,131$619,224$1,501,581
52$1,994,824$797,556$574,060$1,564,242
53$2,130,312$768,653$525,307$1,632,053
54$2,277,478$736,191$472,780$1,705,562
55$2,437,446$699,930$416,283$1,785,378
56$2,611,453$659,614$355,616$1,872,176
57$2,800,857$614,972$290,566$1,966,702
58$3,007,157$565,717$220,912$2,069,784
59$3,231,999$511,549$146,424$2,182,337
60$3,477,195$452,147$66,862$2,305,374
61$3,744,740$387,174$0$2,440,017
62$4,036,831$316,272$0$2,591,744
63$4,355,883$239,066$0$2,774,717
64$4,704,559$155,156$0$2,974,807
65$5,085,788$64,122$0$3,193,762
66$5,502,795$0$0$3,433,509
67$5,959,131$0$0$3,704,143
68$6,458,708$0$0$4,016,718
69$7,005,832$0$0$4,359,120
70$7,605,245$0$0$4,734,327
71$8,262,171$0$0$5,145,619
72$8,982,359$0$0$5,596,607
73$9,772,147$0$0$6,091,269
74$10,638,511$0$0$6,633,986
75$11,589,137$0$0$7,229,585
76$12,632,490$0$0$7,883,381
77$13,777,895$0$0$8,601,230
78$15,035,622$0$0$9,389,583
79$16,416,989$0$0$10,255,545
80$17,934,458$0$0$11,206,945
81$19,601,761$0$0$12,252,405
82$21,434,026$0$0$13,401,426
83$23,447,918$0$0$14,664,474
84$25,661,797$0$0$16,053,081
85$28,095,891$0$0$17,579,950
86$30,772,484$0$0$19,259,077
87$33,716,131$0$0$21,105,884
88$36,953,883$0$0$23,137,359
89$40,515,545$0$0$25,372,224
90$44,433,956$0$0$27,831,102
91$48,745,298$0$0$30,536,720
92$53,489,438$0$0$33,514,116
93$58,710,303$0$0$36,790,881
94$64,456,291$0$0$40,397,412
95$70,780,732$0$0$44,367,207
96$77,742,388$0$0$48,737,172
97$85,406,006$0$0$53,547,975
98$93,842,932$0$0$58,844,428
99$103,131,777$0$0$64,675,909
100$113,359,166$0$0$71,096,824