Can I retire at age 40 with 893,000?

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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$73,743$73,086$72,445$71,820$71,209$69,686
2 years$36,506$35,827$35,168$34,529$33,909$32,382
3 years$24,096$23,413$22,756$22,123$21,513$20,030
4 years$17,892$17,211$16,560$15,938$15,343$13,915
5 years$14,170$13,494$12,852$12,242$11,664$10,295
6 years$11,690$11,019$10,386$9,790$9,229$7,921
7 years$9,919$9,253$8,631$8,049$7,506$6,258
8 years$8,592$7,932$7,320$6,752$6,227$5,040
9 years$7,560$6,906$6,304$5,751$5,244$4,116
10 years$6,735$6,087$5,496$4,958$4,468$3,399
11 years$6,060$5,419$4,839$4,315$3,843$2,831
12 years$5,498$4,864$4,294$3,785$3,330$2,373
13 years$5,023$4,396$3,837$3,341$2,904$2,001
14 years$4,616$3,996$3,447$2,966$2,545$1,695
15 years$4,264$3,650$3,112$2,645$2,241$1,441
16 years$3,956$3,349$2,822$2,368$1,981$1,229
17 years$3,685$3,084$2,568$2,128$1,756$1,050
18 years$3,444$2,850$2,344$1,918$1,562$900
19 years$3,229$2,641$2,146$1,733$1,392$773
20 years$3,035$2,454$1,969$1,569$1,243$664
21 years$2,860$2,286$1,811$1,424$1,113$572
22 years$2,701$2,134$1,670$1,295$997$493
23 years$2,557$1,996$1,542$1,179$895$425
24 years$2,424$1,870$1,426$1,076$805$367
25 years$2,302$1,755$1,320$982$724$317
26 years$2,190$1,649$1,225$898$652$274
27 years$2,086$1,552$1,137$822$588$237
28 years$1,990$1,463$1,057$753$531$205
29 years$1,901$1,380$984$691$479$178
30 years$1,818$1,303$916$634$433$154
31 years$1,740$1,232$854$582$391$133
32 years$1,667$1,166$797$535$354$116
33 years$1,599$1,104$744$492$320$100
34 years$1,535$1,046$695$453$290$87
35 years$1,475$992$650$417$263$75
36 years$1,418$942$608$384$238$65
37 years$1,365$895$569$354$216$57
38 years$1,314$850$533$326$196$49
39 years$1,266$808$499$301$177$43
40 years$1,221$769$468$277$161$37
41 years$1,178$732$439$256$146$32
42 years$1,137$697$412$236$132$28
43 years$1,098$664$386$218$120$24
44 years$1,061$633$363$201$109$21
45 years$1,026$604$341$186$99$18
46 years$992$576$320$172$90$16
47 years$960$550$300$159$82$14
48 years$929$525$282$147$74$12
49 years$900$501$265$135$67$10
50 years$872$479$250$125$61$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $893,000, adding $2,102 every year, while hoping to spend $35,780 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: 47/42/11 Blend
39$893,000$893,000$893,000$893,000
40$986,254$938,925$925,084$1,029,504
41$1,048,783$946,863$918,004$1,067,487
42$1,116,489$953,990$909,489$1,104,814
43$1,189,866$960,230$899,451$1,144,516
44$1,269,450$965,500$887,801$1,186,825
45$1,355,836$969,711$874,444$1,232,000
46$1,449,676$972,772$859,283$1,280,326
47$1,551,687$974,582$842,213$1,332,120
48$1,662,659$975,036$823,127$1,387,731
49$1,783,460$974,022$801,911$1,447,548
50$1,915,046$971,422$778,448$1,512,000
51$2,058,468$967,110$752,614$1,581,561
52$2,214,884$960,950$724,279$1,656,759
53$2,385,568$952,803$693,307$1,738,174
54$2,571,922$942,516$659,559$1,826,451
55$2,775,489$929,930$622,885$1,922,301
56$2,997,969$914,876$583,132$2,026,514
57$3,241,232$897,176$540,137$2,139,962
58$3,507,338$876,638$493,732$2,263,607
59$3,798,555$853,062$443,741$2,398,516
60$4,117,381$826,235$389,979$2,545,869
61$4,466,565$795,932$332,255$2,706,968
62$4,849,136$761,914$270,367$2,883,255
63$5,268,430$723,929$204,106$3,076,321
64$5,728,118$681,711$133,252$3,287,928
65$6,232,248$634,976$57,578$3,520,021
66$6,785,275$583,428$0$3,774,748
67$7,392,106$526,749$0$4,057,206
68$8,058,148$464,607$0$4,374,686
69$8,789,357$396,650$0$4,723,352
70$9,592,290$322,505$0$5,106,438
71$10,474,175$241,779$0$5,527,513
72$11,442,972$154,057$0$5,990,517
73$12,507,450$58,900$0$6,499,799
74$13,677,269$0$0$7,060,157
75$14,963,072$0$0$7,697,295
76$16,376,585$0$0$8,427,751
77$17,930,726$0$0$9,230,991
78$19,639,726$0$0$10,114,385
79$21,519,267$0$0$11,086,053
80$23,586,624$0$0$12,154,941
81$25,860,832$0$0$13,330,907
82$28,362,862$0$0$14,624,810
83$31,115,823$0$0$16,048,616
84$34,145,174$0$0$17,615,512
85$37,478,969$0$0$19,340,024
86$41,148,116$0$0$21,238,159
87$45,186,675$0$0$23,327,556
88$49,632,173$0$0$25,627,650
89$54,525,960$0$0$28,159,854
90$59,913,599$0$0$30,947,767
91$65,845,296$0$0$34,017,388
92$72,376,372$0$0$37,397,368
93$79,567,786$0$0$41,119,277
94$87,486,708$0$0$45,217,904
95$96,207,155$0$0$49,731,581
96$105,810,688$0$0$54,702,549
97$116,387,178$0$0$60,177,353
98$128,035,659$0$0$66,207,285
99$140,865,261$0$0$72,848,863
100$154,996,237$0$0$80,164,367