Can I retire at age 40 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$74,239$73,577$72,932$72,302$71,688$70,183
2 years$36,752$36,067$35,404$34,761$34,137$32,628
3 years$24,258$23,570$22,909$22,272$21,658$20,192
4 years$18,012$17,327$16,672$16,045$15,447$14,035
5 years$14,266$13,584$12,938$12,324$11,742$10,389
6 years$11,769$11,093$10,456$9,856$9,291$7,997
7 years$9,986$9,316$8,689$8,103$7,556$6,322
8 years$8,650$7,985$7,369$6,797$6,269$5,094
9 years$7,611$6,953$6,347$5,790$5,279$4,163
10 years$6,780$6,128$5,533$4,991$4,498$3,440
11 years$6,101$5,456$4,871$4,344$3,868$2,866
12 years$5,535$4,897$4,323$3,810$3,352$2,405
13 years$5,057$4,425$3,862$3,364$2,923$2,029
14 years$4,647$4,022$3,470$2,986$2,563$1,720
15 years$4,293$3,675$3,133$2,663$2,256$1,463
16 years$3,983$3,371$2,841$2,384$1,994$1,248
17 years$3,710$3,105$2,585$2,142$1,768$1,068
18 years$3,467$2,869$2,360$1,931$1,572$916
19 years$3,250$2,659$2,160$1,744$1,401$787
20 years$3,055$2,471$1,983$1,580$1,252$677
21 years$2,879$2,302$1,824$1,434$1,120$583
22 years$2,719$2,148$1,681$1,304$1,004$503
23 years$2,574$2,009$1,552$1,187$901$434
24 years$2,440$1,883$1,435$1,083$810$375
25 years$2,318$1,767$1,329$989$729$325
26 years$2,205$1,660$1,233$904$657$281
27 years$2,100$1,563$1,145$828$592$243
28 years$2,004$1,473$1,064$758$534$211
29 years$1,914$1,389$990$695$482$183
30 years$1,830$1,312$923$638$436$158
31 years$1,752$1,240$860$586$394$137
32 years$1,679$1,173$802$539$356$119
33 years$1,610$1,111$749$495$323$103
34 years$1,546$1,053$700$456$292$90
35 years$1,485$999$654$420$265$78
36 years$1,428$948$612$386$240$67
37 years$1,374$901$573$356$217$59
38 years$1,323$856$537$328$197$51
39 years$1,275$814$503$303$179$44
40 years$1,229$774$471$279$162$38
41 years$1,186$737$442$258$147$33
42 years$1,145$702$415$238$133$29
43 years$1,105$669$389$219$121$25
44 years$1,068$638$365$203$110$22
45 years$1,033$608$343$187$100$19
46 years$999$580$322$173$91$16
47 years$966$553$302$160$82$14
48 years$936$528$284$148$75$12
49 years$906$505$267$136$68$11
50 years$878$482$251$126$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $899,000, adding $5,223 every year, while hoping to spend $40,687 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: 41/42/17 Blend
39$899,000$899,000$899,000$899,000
40$996,086$948,439$934,504$1,031,735
41$1,054,396$951,621$922,519$1,060,692
42$1,117,290$953,596$908,769$1,087,656
43$1,185,192$954,262$893,152$1,115,981
44$1,258,570$953,509$875,561$1,145,811
45$1,337,936$951,222$855,884$1,177,307
46$1,423,853$947,280$834,004$1,210,650
47$1,516,941$941,552$809,798$1,246,042
48$1,617,882$933,901$783,139$1,283,706
49$1,727,425$924,181$753,893$1,323,894
50$1,846,393$912,236$721,919$1,366,885
51$1,975,693$897,904$687,072$1,412,991
52$2,116,322$881,010$649,197$1,462,559
53$2,269,378$861,370$608,136$1,515,976
54$2,436,066$838,789$563,720$1,573,672
55$2,617,716$813,061$515,776$1,636,125
56$2,815,790$783,967$464,121$1,703,868
57$3,031,895$751,276$408,564$1,777,493
58$3,267,803$714,744$348,906$1,857,656
59$3,525,464$674,111$284,938$1,945,089
60$3,807,022$629,104$216,445$2,040,602
61$4,114,842$579,433$143,199$2,145,095
62$4,451,523$524,793$64,964$2,259,568
63$4,819,930$464,859$0$2,385,129
64$5,223,217$399,292$0$2,526,368
65$5,664,857$327,728$0$2,694,080
66$6,148,673$249,787$0$2,878,030
67$6,678,877$165,067$0$3,079,942
68$7,260,108$73,140$0$3,301,724
69$7,897,474$0$0$3,545,487
70$8,596,601$0$0$3,825,782
71$9,363,688$0$0$4,170,529
72$10,205,559$0$0$4,549,008
73$11,129,735$0$0$4,964,615
74$12,144,498$0$0$5,421,088
75$13,258,973$0$0$5,922,550
76$14,483,209$0$0$6,473,538
77$15,828,279$0$0$7,079,055
78$17,306,382$0$0$7,744,608
79$18,930,955$0$0$8,476,268
80$20,716,804$0$0$9,280,721
81$22,680,238$0$0$10,165,334
82$24,839,228$0$0$11,138,224
83$27,213,571$0$0$12,208,333
84$29,825,080$0$0$13,385,515
85$32,697,788$0$0$14,680,626
86$35,858,176$0$0$16,105,626
87$39,335,417$0$0$17,673,695
88$43,161,657$0$0$19,399,354
89$47,372,316$0$0$21,298,602
90$52,006,419$0$0$23,389,070
91$57,106,968$0$0$25,690,183
92$62,721,343$0$0$28,223,346
93$68,901,753$0$0$31,012,143
94$75,705,723$0$0$34,082,563
95$83,196,643$0$0$37,463,242
96$91,444,358$0$0$41,185,735
97$100,525,832$0$0$45,284,811
98$110,525,872$0$0$49,798,784
99$121,537,928$0$0$54,769,872
100$133,664,973$0$0$60,244,597