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%18.4%
1 years$74,239$73,577$72,932$72,302$71,688$69,254
2 years$36,752$36,067$35,404$34,761$34,137$31,710
3 years$24,258$23,570$22,909$22,272$21,658$19,313
4 years$18,012$17,327$16,672$16,045$15,447$13,202
5 years$14,266$13,584$12,938$12,324$11,742$9,604
6 years$11,769$11,093$10,456$9,856$9,291$7,261
7 years$9,986$9,316$8,689$8,103$7,556$5,634
8 years$8,650$7,985$7,369$6,797$6,269$4,452
9 years$7,611$6,953$6,347$5,790$5,279$3,567
10 years$6,780$6,128$5,533$4,991$4,498$2,887
11 years$6,101$5,456$4,871$4,344$3,868$2,355
12 years$5,535$4,897$4,323$3,810$3,352$1,934
13 years$5,057$4,425$3,862$3,364$2,923$1,596
14 years$4,647$4,022$3,470$2,986$2,563$1,322
15 years$4,293$3,675$3,133$2,663$2,256$1,099
16 years$3,983$3,371$2,841$2,384$1,994$916
17 years$3,710$3,105$2,585$2,142$1,768$765
18 years$3,467$2,869$2,360$1,931$1,572$640
19 years$3,250$2,659$2,160$1,744$1,401$536
20 years$3,055$2,471$1,983$1,580$1,252$450
21 years$2,879$2,302$1,824$1,434$1,120$378
22 years$2,719$2,148$1,681$1,304$1,004$318
23 years$2,574$2,009$1,552$1,187$901$267
24 years$2,440$1,883$1,435$1,083$810$225
25 years$2,318$1,767$1,329$989$729$190
26 years$2,205$1,660$1,233$904$657$160
27 years$2,100$1,563$1,145$828$592$135
28 years$2,004$1,473$1,064$758$534$114
29 years$1,914$1,389$990$695$482$96
30 years$1,830$1,312$923$638$436$81
31 years$1,752$1,240$860$586$394$68
32 years$1,679$1,173$802$539$356$58
33 years$1,610$1,111$749$495$323$49
34 years$1,546$1,053$700$456$292$41
35 years$1,485$999$654$420$265$35
36 years$1,428$948$612$386$240$29
37 years$1,374$901$573$356$217$25
38 years$1,323$856$537$328$197$21
39 years$1,275$814$503$303$179$18
40 years$1,229$774$471$279$162$15
41 years$1,186$737$442$258$147$13
42 years$1,145$702$415$238$133$11
43 years$1,105$669$389$219$121$9
44 years$1,068$638$365$203$110$8
45 years$1,033$608$343$187$100$6
46 years$999$580$322$173$91$5
47 years$966$553$302$160$82$5
48 years$936$528$284$148$75$4
49 years$906$505$267$136$68$3
50 years$878$482$251$126$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $899,000, adding $2,370 every year, while hoping to spend $29,475 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: 53/34/13 Blend
39$899,000$899,000$899,000$899,000
40$993,143$945,496$931,561$1,042,252
41$1,063,082$960,464$931,407$1,090,956
42$1,139,167$975,177$930,260$1,140,563
43$1,221,994$989,593$928,056$1,193,860
44$1,312,219$1,003,664$924,727$1,251,207
45$1,410,562$1,017,340$920,202$1,312,996
46$1,517,817$1,030,568$914,407$1,379,663
47$1,634,859$1,043,291$907,264$1,451,687
48$1,762,650$1,055,447$898,692$1,529,598
49$1,902,247$1,066,971$888,606$1,613,979
50$2,054,818$1,077,794$876,916$1,705,474
51$2,221,645$1,087,841$863,528$1,804,793
52$2,404,141$1,097,034$848,344$1,912,722
53$2,603,862$1,105,287$831,262$2,030,124
54$2,822,521$1,112,512$812,175$2,157,954
55$3,062,006$1,118,612$790,970$2,297,265
56$3,324,392$1,123,486$767,530$2,449,218
57$3,611,969$1,127,026$741,731$2,615,094
58$3,927,257$1,129,116$713,445$2,796,308
59$4,273,029$1,129,636$682,538$2,994,419
60$4,652,345$1,128,454$648,870$3,211,146
61$5,068,569$1,125,434$612,292$3,448,388
62$5,525,412$1,120,429$572,653$3,708,239
63$6,026,958$1,113,284$529,790$3,993,007
64$6,577,707$1,103,834$483,538$4,305,239
65$7,182,616$1,091,905$433,719$4,647,746
66$7,847,147$1,077,312$380,153$5,023,626
67$8,577,314$1,059,859$322,647$5,436,298
68$9,379,747$1,039,338$261,001$5,889,532
69$10,261,745$1,015,530$195,009$6,387,485
70$11,231,352$988,200$124,451$6,934,743
71$12,297,431$957,103$49,102$7,536,365
72$13,469,746$921,978$0$8,197,928
73$14,759,053$882,548$0$8,929,926
74$16,177,204$838,520$0$9,742,351
75$17,737,257$789,586$0$10,635,900
76$19,453,600$735,419$0$11,618,859
77$21,342,085$675,672$0$12,700,365
78$23,420,179$609,981$0$13,890,488
79$25,707,125$537,958$0$15,200,330
80$28,224,130$459,196$0$16,642,131
81$30,994,559$373,264$0$18,229,382
82$34,044,155$279,705$0$19,976,958
83$37,401,287$178,039$0$21,901,256
84$41,097,212$67,757$0$24,020,349
85$45,166,373$0$0$26,354,163
86$49,646,721$0$0$28,943,997
87$54,580,077$0$0$31,823,714
88$60,012,520$0$0$34,994,875
89$65,994,829$0$0$38,487,137
90$72,582,956$0$0$42,333,178
91$79,838,556$0$0$46,569,006
92$87,829,570$0$0$51,234,300
93$96,630,863$0$0$56,372,785
94$106,324,933$0$0$62,032,642
95$117,002,685$0$0$68,266,964
96$128,764,296$0$0$75,134,257
97$141,720,152$0$0$82,698,992
98$155,991,895$0$0$91,032,213
99$171,713,569$0$0$100,212,207
100$189,032,884$0$0$110,325,243