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%11.3%
1 years$74,239$73,577$72,932$72,302$71,688$71,296
2 years$36,752$36,067$35,404$34,761$34,137$33,741
3 years$24,258$23,570$22,909$22,272$21,658$21,271
4 years$18,012$17,327$16,672$16,045$15,447$15,071
5 years$14,266$13,584$12,938$12,324$11,742$11,380
6 years$11,769$11,093$10,456$9,856$9,291$8,942
7 years$9,986$9,316$8,689$8,103$7,556$7,221
8 years$8,650$7,985$7,369$6,797$6,269$5,946
9 years$7,611$6,953$6,347$5,790$5,279$4,970
10 years$6,780$6,128$5,533$4,991$4,498$4,202
11 years$6,101$5,456$4,871$4,344$3,868$3,586
12 years$5,535$4,897$4,323$3,810$3,352$3,082
13 years$5,057$4,425$3,862$3,364$2,923$2,666
14 years$4,647$4,022$3,470$2,986$2,563$2,317
15 years$4,293$3,675$3,133$2,663$2,256$2,023
16 years$3,983$3,371$2,841$2,384$1,994$1,772
17 years$3,710$3,105$2,585$2,142$1,768$1,558
18 years$3,467$2,869$2,360$1,931$1,572$1,373
19 years$3,250$2,659$2,160$1,744$1,401$1,212
20 years$3,055$2,471$1,983$1,580$1,252$1,073
21 years$2,879$2,302$1,824$1,434$1,120$951
22 years$2,719$2,148$1,681$1,304$1,004$844
23 years$2,574$2,009$1,552$1,187$901$751
24 years$2,440$1,883$1,435$1,083$810$668
25 years$2,318$1,767$1,329$989$729$595
26 years$2,205$1,660$1,233$904$657$531
27 years$2,100$1,563$1,145$828$592$474
28 years$2,004$1,473$1,064$758$534$423
29 years$1,914$1,389$990$695$482$378
30 years$1,830$1,312$923$638$436$338
31 years$1,752$1,240$860$586$394$303
32 years$1,679$1,173$802$539$356$271
33 years$1,610$1,111$749$495$323$242
34 years$1,546$1,053$700$456$292$217
35 years$1,485$999$654$420$265$195
36 years$1,428$948$612$386$240$174
37 years$1,374$901$573$356$217$156
38 years$1,323$856$537$328$197$140
39 years$1,275$814$503$303$179$126
40 years$1,229$774$471$279$162$113
41 years$1,186$737$442$258$147$101
42 years$1,145$702$415$238$133$91
43 years$1,105$669$389$219$121$82
44 years$1,068$638$365$203$110$73
45 years$1,033$608$343$187$100$66
46 years$999$580$322$173$91$59
47 years$966$553$302$160$82$53
48 years$936$528$284$148$75$48
49 years$906$505$267$136$68$43
50 years$878$482$251$126$62$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $899,000, adding $6,980 every year, while hoping to spend $51,140 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: 52/27/21 Blend
39$899,000$899,000$899,000$899,000
40$997,898$950,251$936,316$1,043,661
41$1,045,271$942,401$913,270$1,068,099
42$1,095,762$932,452$887,738$1,088,798
43$1,149,635$920,247$859,583$1,110,232
44$1,207,180$905,621$828,661$1,132,487
45$1,268,713$888,397$794,822$1,155,664
46$1,334,582$868,389$757,908$1,179,873
47$1,405,168$845,399$717,757$1,205,243
48$1,480,889$819,218$674,196$1,231,916
49$1,562,204$789,624$627,047$1,260,054
50$1,649,617$756,383$576,121$1,289,838
51$1,743,680$719,248$521,223$1,321,474
52$1,845,001$677,956$462,149$1,355,190
53$1,954,245$632,230$398,685$1,391,243
54$2,072,145$581,777$330,608$1,429,921
55$2,199,506$526,286$257,685$1,471,549
56$2,337,211$465,430$179,674$1,516,486
57$2,486,234$398,863$96,320$1,565,138
58$2,647,641$326,219$7,358$1,617,954
59$2,822,609$247,111$0$1,675,440
60$3,012,427$161,132$0$1,757,780
61$3,218,517$67,850$0$1,849,014
62$3,442,441$0$0$1,948,256
63$3,685,918$0$0$2,066,215
64$3,950,839$0$0$2,216,578
65$4,239,283$0$0$2,380,374
66$4,553,541$0$0$2,558,916
67$4,896,132$0$0$2,753,645
68$5,269,827$0$0$2,966,149
69$5,677,680$0$0$3,198,174
70$6,123,050$0$0$3,451,645
71$6,609,633$0$0$3,728,678
72$7,141,503$0$0$4,031,605
73$7,723,140$0$0$4,362,992
74$8,359,480$0$0$4,725,666
75$9,055,957$0$0$5,122,739
76$9,818,555$0$0$5,557,637
77$10,653,862$0$0$6,034,135
78$11,569,137$0$0$6,556,389
79$12,572,369$0$0$7,128,976
80$13,672,362$0$0$7,756,937
81$14,878,808$0$0$8,445,826
82$16,202,386$0$0$9,201,759
83$17,654,855$0$0$10,031,472
84$19,249,171$0$0$10,942,387
85$20,999,604$0$0$11,942,678
86$22,921,871$0$0$13,041,349
87$25,033,289$0$0$14,248,322
88$27,352,934$0$0$15,574,523
89$29,901,819$0$0$17,031,992
90$32,703,096$0$0$18,633,993
91$35,782,268$0$0$20,395,137
92$39,167,435$0$0$22,331,523
93$42,889,553$0$0$24,460,887
94$46,982,729$0$0$26,802,769
95$51,484,540$0$0$29,378,700
96$56,436,387$0$0$32,212,400
97$61,883,886$0$0$35,330,006
98$67,877,296$0$0$38,760,314
99$74,471,993$0$0$42,535,052
100$81,728,993$0$0$46,689,181