Can I retire at age 40 with 891,000?

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 $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%13.6%
1 years$73,578$72,923$72,283$71,659$71,050$69,988
2 years$36,425$35,746$35,089$34,451$33,833$32,766
3 years$24,042$23,361$22,705$22,073$21,465$20,425
4 years$17,852$17,173$16,523$15,903$15,309$14,305
5 years$14,139$13,463$12,823$12,215$11,638$10,672
6 years$11,664$10,994$10,363$9,768$9,209$8,283
7 years$9,897$9,233$8,611$8,031$7,489$6,603
8 years$8,573$7,914$7,303$6,737$6,213$5,367
9 years$7,543$6,891$6,290$5,738$5,232$4,426
10 years$6,720$6,074$5,484$4,947$4,458$3,690
11 years$6,046$5,407$4,828$4,305$3,834$3,105
12 years$5,486$4,853$4,285$3,776$3,323$2,630
13 years$5,012$4,386$3,828$3,334$2,897$2,241
14 years$4,606$3,987$3,440$2,959$2,540$1,919
15 years$4,255$3,642$3,105$2,639$2,236$1,649
16 years$3,947$3,341$2,816$2,363$1,976$1,422
17 years$3,677$3,077$2,562$2,123$1,752$1,230
18 years$3,436$2,843$2,339$1,913$1,558$1,066
19 years$3,221$2,635$2,141$1,729$1,389$926
20 years$3,028$2,449$1,965$1,566$1,240$806
21 years$2,854$2,281$1,807$1,421$1,110$702
22 years$2,695$2,129$1,666$1,292$995$613
23 years$2,551$1,991$1,538$1,177$893$535
24 years$2,419$1,866$1,422$1,073$803$468
25 years$2,297$1,751$1,317$980$722$410
26 years$2,185$1,646$1,222$896$651$359
27 years$2,082$1,549$1,135$820$587$314
28 years$1,986$1,459$1,055$752$529$276
29 years$1,897$1,377$982$689$478$242
30 years$1,814$1,300$914$633$432$212
31 years$1,736$1,229$852$581$391$186
32 years$1,664$1,163$795$534$353$164
33 years$1,596$1,101$743$491$320$144
34 years$1,532$1,044$694$452$289$126
35 years$1,472$990$649$416$262$111
36 years$1,415$940$607$383$238$98
37 years$1,362$893$568$353$215$86
38 years$1,311$848$532$325$195$75
39 years$1,263$807$498$300$177$66
40 years$1,218$767$467$277$161$58
41 years$1,175$730$438$255$146$51
42 years$1,134$696$411$236$132$45
43 years$1,096$663$385$217$120$40
44 years$1,059$632$362$201$109$35
45 years$1,023$603$340$185$99$31
46 years$990$575$319$171$90$27
47 years$958$549$300$158$81$24
48 years$927$524$282$146$74$21
49 years$898$500$265$135$67$18
50 years$870$478$249$125$61$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $891,000, adding $5,701 every year, while hoping to spend $24,879 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: 70/24/6 Blend
39$891,000$891,000$891,000$891,000
40$987,763$940,540$926,729$1,055,716
41$1,062,043$960,155$931,303$1,120,993
42$1,143,067$979,898$935,197$1,188,778
43$1,231,495$999,748$938,361$1,262,258
44$1,328,055$1,019,683$940,744$1,341,987
45$1,433,549$1,039,680$942,292$1,428,574
46$1,548,860$1,059,713$942,947$1,522,689
47$1,674,958$1,079,754$942,651$1,625,071
48$1,812,915$1,099,773$941,340$1,736,535
49$1,963,907$1,119,736$938,950$1,857,976
50$2,129,231$1,139,609$935,411$1,990,382
51$2,310,316$1,159,354$930,650$2,134,841
52$2,508,735$1,178,928$924,594$2,292,551
53$2,726,220$1,198,290$917,161$2,464,832
54$2,964,678$1,217,390$908,270$2,653,139
55$3,226,211$1,236,178$897,833$2,859,075
56$3,513,134$1,254,599$885,760$3,084,405
57$3,827,995$1,272,596$871,954$3,331,077
58$4,173,601$1,290,105$856,315$3,601,233
59$4,553,048$1,307,058$838,741$3,897,236
60$4,969,740$1,323,386$819,120$4,221,691
61$5,427,432$1,339,010$797,339$4,577,465
62$5,930,258$1,353,849$773,278$4,967,721
63$6,482,772$1,367,817$746,811$5,395,942
64$7,089,994$1,380,818$717,808$5,865,969
65$7,757,451$1,392,756$686,132$6,382,031
66$8,491,233$1,403,523$651,639$6,948,791
67$9,298,050$1,413,007$614,181$7,571,389
68$10,185,295$1,421,088$573,599$8,255,487
69$11,161,112$1,427,638$529,732$9,007,325
70$12,234,476$1,432,523$482,409$9,833,783
71$13,415,273$1,435,597$431,450$10,742,438
72$14,714,397$1,436,708$376,670$11,741,645
73$16,143,851$1,435,692$317,874$12,840,610
74$17,716,859$1,432,377$254,858$14,049,478
75$19,447,995$1,426,578$187,411$15,379,431
76$21,353,312$1,418,103$115,312$16,842,792
77$23,450,503$1,406,743$38,328$18,453,142
78$25,759,060$1,392,280$0$20,225,447
79$28,300,464$1,374,481$0$22,179,009
80$31,098,381$1,353,100$0$24,332,003
81$34,178,891$1,327,877$0$26,702,022
82$37,570,729$1,298,534$0$29,311,166
83$41,305,562$1,264,781$0$32,183,787
84$45,418,279$1,226,305$0$35,346,722
85$49,947,330$1,182,780$0$38,829,547
86$54,935,080$1,133,859$0$42,664,856
87$60,428,214$1,079,174$0$46,888,570
88$66,478,175$1,018,336$0$51,540,274
89$73,141,650$950,936$0$56,663,593
90$80,481,104$876,538$0$62,306,603
91$88,565,371$794,683$0$68,522,287
92$97,470,302$704,885$0$75,369,035
93$107,279,481$606,633$0$82,911,193
94$118,085,014$499,383$0$91,219,677
95$129,988,396$382,563$0$100,372,635
96$143,101,472$255,569$0$110,456,193
97$157,547,491$117,761$0$121,565,264
98$173,462,269$0$0$133,804,446
99$190,995,469$0$0$147,297,340
100$210,312,018$0$0$162,196,974