Can I retire at age 40 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$73,661$73,004$72,364$71,739$71,129$69,157
2 years$36,466$35,786$35,128$34,490$33,871$31,899
3 years$24,069$23,387$22,730$22,098$21,489$19,579
4 years$17,872$17,192$16,542$15,920$15,326$13,492
5 years$14,154$13,479$12,837$12,228$11,651$9,898
6 years$11,677$11,006$10,374$9,779$9,219$7,550
7 years$9,908$9,243$8,621$8,040$7,497$5,911
8 years$8,582$7,923$7,311$6,745$6,220$4,716
9 years$7,551$6,898$6,297$5,745$5,238$3,815
10 years$6,727$6,081$5,490$4,952$4,463$3,119
11 years$6,053$5,413$4,833$4,310$3,838$2,571
12 years$5,492$4,859$4,290$3,780$3,326$2,133
13 years$5,018$4,391$3,832$3,337$2,901$1,779
14 years$4,611$3,991$3,443$2,963$2,543$1,491
15 years$4,259$3,646$3,109$2,642$2,239$1,253
16 years$3,952$3,345$2,819$2,366$1,979$1,056
17 years$3,681$3,081$2,565$2,126$1,754$893
18 years$3,440$2,847$2,341$1,916$1,560$756
19 years$3,225$2,638$2,143$1,731$1,390$641
20 years$3,032$2,452$1,967$1,568$1,242$545
21 years$2,857$2,284$1,809$1,423$1,111$463
22 years$2,698$2,132$1,668$1,294$996$394
23 years$2,554$1,994$1,540$1,178$894$336
24 years$2,421$1,868$1,424$1,075$804$286
25 years$2,300$1,753$1,319$981$723$244
26 years$2,188$1,648$1,223$897$651$209
27 years$2,084$1,551$1,136$821$587$178
28 years$1,988$1,461$1,056$752$530$152
29 years$1,899$1,378$983$690$479$130
30 years$1,816$1,302$915$633$432$111
31 years$1,738$1,231$853$582$391$95
32 years$1,666$1,164$796$535$354$81
33 years$1,597$1,103$743$492$320$70
34 years$1,534$1,045$695$452$290$59
35 years$1,473$991$649$416$262$51
36 years$1,417$941$607$383$238$44
37 years$1,363$894$569$353$216$37
38 years$1,313$849$532$326$195$32
39 years$1,265$807$499$300$177$27
40 years$1,220$768$468$277$161$23
41 years$1,176$731$438$255$146$20
42 years$1,136$696$411$236$132$17
43 years$1,097$664$386$218$120$15
44 years$1,060$633$362$201$109$13
45 years$1,025$603$340$186$99$11
46 years$991$575$319$171$90$9
47 years$959$549$300$158$82$8
48 years$928$524$282$146$74$7
49 years$899$501$265$135$67$6
50 years$871$478$249$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $892,000, adding $3,906 every year, while hoping to spend $54,801 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: 51/32/17 Blend
39$892,000$892,000$892,000$892,000
40$987,013$939,737$925,911$1,032,554
41$1,029,381$927,476$898,621$1,052,030
42$1,074,233$912,778$868,580$1,067,161
43$1,121,765$895,465$835,639$1,082,415
44$1,172,192$875,350$799,639$1,097,822
45$1,225,747$852,233$760,418$1,113,418
46$1,282,684$825,904$717,804$1,129,246
47$1,343,285$796,140$671,617$1,145,356
48$1,407,855$762,705$621,671$1,161,809
49$1,476,728$725,350$567,769$1,178,675
50$1,550,273$683,811$509,708$1,196,037
51$1,628,891$637,808$447,274$1,213,988
52$1,713,024$587,046$380,243$1,232,640
53$1,803,155$531,214$308,384$1,252,118
54$1,899,815$469,981$231,452$1,272,567
55$2,003,585$402,999$149,195$1,294,153
56$2,115,104$329,900$61,346$1,317,064
57$2,235,073$250,294$0$1,341,516
58$2,364,263$163,770$0$1,373,631
59$2,503,518$69,895$0$1,420,065
60$2,653,767$0$0$1,470,046
61$2,816,031$0$0$1,535,180
62$2,991,430$0$0$1,632,262
63$3,181,197$0$0$1,737,372
64$3,386,687$0$0$1,851,270
65$3,609,388$0$0$1,974,790
66$3,850,939$0$0$2,108,853
67$4,113,140$0$0$2,254,469
68$4,397,971$0$0$2,412,748
69$4,707,612$0$0$2,584,914
70$5,044,459$0$0$2,772,312
71$5,411,150$0$0$2,976,422
72$5,810,586$0$0$3,198,873
73$6,245,961$0$0$3,441,458
74$6,720,789$0$0$3,706,151
75$7,238,938$0$0$3,995,123
76$7,804,666$0$0$4,310,764
77$8,422,660$0$0$4,655,707
78$9,098,080$0$0$5,032,850
79$9,836,607$0$0$5,445,382
80$10,644,495$0$0$5,896,817
81$11,528,630$0$0$6,391,023
82$12,496,598$0$0$6,932,259
83$13,556,747$0$0$7,525,215
84$14,718,275$0$0$8,175,057
85$15,991,308$0$0$8,887,475
86$17,387,002$0$0$9,668,734
87$18,917,641$0$0$10,525,736
88$20,596,756$0$0$11,466,082
89$22,439,251$0$0$12,498,145
90$24,461,541$0$0$13,631,148
91$26,681,709$0$0$14,875,250
92$29,119,675$0$0$16,241,643
93$31,797,381$0$0$17,742,655
94$34,738,999$0$0$19,391,868
95$37,971,159$0$0$21,204,243
96$41,523,195$0$0$23,196,265
97$45,427,427$0$0$25,386,092
98$49,719,460$0$0$27,793,732
99$54,438,520$0$0$30,441,226
100$59,627,827$0$0$33,352,860