Can I retire at age 40 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$74,404$73,741$73,094$72,463$71,847$71,334
2 years$36,834$36,148$35,483$34,838$34,213$33,696
3 years$24,312$23,623$22,960$22,321$21,706$21,201
4 years$18,052$17,365$16,709$16,081$15,481$14,991
5 years$14,297$13,615$12,967$12,352$11,768$11,296
6 years$11,795$11,117$10,479$9,878$9,312$8,857
7 years$10,008$9,336$8,708$8,121$7,573$7,136
8 years$8,669$8,003$7,385$6,813$6,283$5,864
9 years$7,628$6,968$6,361$5,803$5,291$4,890
10 years$6,795$6,142$5,546$5,002$4,508$4,124
11 years$6,114$5,468$4,882$4,353$3,877$3,511
12 years$5,548$4,908$4,333$3,818$3,360$3,010
13 years$5,068$4,435$3,871$3,371$2,930$2,597
14 years$4,658$4,031$3,478$2,993$2,568$2,251
15 years$4,302$3,683$3,140$2,669$2,261$1,960
16 years$3,992$3,379$2,847$2,390$1,999$1,713
17 years$3,718$3,112$2,591$2,147$1,772$1,501
18 years$3,475$2,875$2,365$1,935$1,576$1,319
19 years$3,258$2,665$2,165$1,748$1,404$1,162
20 years$3,062$2,476$1,987$1,583$1,254$1,025
21 years$2,886$2,307$1,828$1,437$1,123$906
22 years$2,726$2,153$1,685$1,307$1,006$802
23 years$2,579$2,014$1,555$1,190$903$711
24 years$2,446$1,887$1,438$1,085$812$631
25 years$2,323$1,771$1,332$991$731$560
26 years$2,210$1,664$1,236$906$658$498
27 years$2,105$1,566$1,147$830$593$443
28 years$2,008$1,476$1,067$760$535$395
29 years$1,918$1,392$993$697$483$351
30 years$1,834$1,315$925$640$437$313
31 years$1,756$1,243$862$587$395$279
32 years$1,682$1,176$804$540$357$249
33 years$1,614$1,114$751$496$323$222
34 years$1,549$1,056$702$457$293$199
35 years$1,488$1,001$656$421$265$177
36 years$1,431$950$614$387$240$158
37 years$1,377$903$574$357$218$142
38 years$1,326$858$538$329$197$126
39 years$1,278$816$504$303$179$113
40 years$1,232$776$472$280$162$101
41 years$1,188$739$443$258$147$90
42 years$1,147$704$415$238$134$81
43 years$1,108$670$390$220$121$72
44 years$1,071$639$366$203$110$65
45 years$1,035$609$344$187$100$58
46 years$1,001$581$323$173$91$52
47 years$969$555$303$160$82$46
48 years$938$530$285$148$75$41
49 years$908$506$268$137$68$37
50 years$880$483$252$126$62$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $901,000, adding $2,321 every year, while hoping to spend $22,602 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: 70/19/11 Blend
39$901,000$901,000$901,000$901,000
40$995,296$947,543$933,578$1,062,558
41$1,072,768$969,924$940,804$1,129,834
42$1,157,384$992,645$947,515$1,200,462
43$1,249,850$1,015,697$953,670$1,277,151
44$1,350,942$1,039,073$959,224$1,360,491
45$1,461,513$1,062,763$964,134$1,451,136
46$1,582,505$1,086,756$968,350$1,549,803
47$1,714,954$1,111,040$971,823$1,657,283
48$1,860,000$1,135,602$974,500$1,774,449
49$2,018,900$1,160,426$976,325$1,902,258
50$2,193,036$1,185,496$977,241$2,041,770
51$2,383,933$1,210,792$977,185$2,194,148
52$2,593,269$1,236,295$976,095$2,360,676
53$2,822,891$1,261,983$973,903$2,542,767
54$3,074,835$1,287,829$970,539$2,741,978
55$3,351,345$1,313,809$965,928$2,960,027
56$3,654,888$1,339,892$959,993$3,198,803
57$3,988,187$1,366,047$952,653$3,460,391
58$4,354,239$1,392,240$943,823$3,747,084
59$4,756,344$1,418,432$933,414$4,061,413
60$5,198,140$1,444,584$921,332$4,406,165
61$5,683,633$1,470,652$907,480$4,784,411
62$6,217,238$1,496,589$891,755$5,199,535
63$6,803,818$1,522,344$874,051$5,655,266
64$7,448,731$1,547,861$854,255$6,155,713
65$8,157,879$1,573,084$832,249$6,705,405
66$8,937,765$1,597,947$807,912$7,309,333
67$9,795,554$1,622,384$781,115$7,972,995
68$10,739,142$1,646,322$751,723$8,702,451
69$11,777,225$1,669,683$719,597$9,504,380
70$12,919,388$1,692,383$684,589$10,386,141
71$14,176,189$1,714,333$646,546$11,355,844
72$15,559,263$1,735,438$605,308$12,422,428
73$17,081,429$1,755,596$560,708$13,595,742
74$18,756,813$1,774,698$512,569$14,886,640
75$20,600,977$1,792,628$460,710$16,307,084
76$22,631,072$1,809,262$404,939$17,870,258
77$24,865,994$1,824,469$345,057$19,590,689
78$27,326,564$1,838,106$280,855$21,484,388
79$30,035,726$1,850,026$212,116$23,568,998
80$33,018,761$1,860,068$138,613$25,863,963
81$36,303,526$1,868,063$60,108$28,390,714
82$39,920,718$1,873,830$0$31,172,865
83$43,904,162$1,877,178$0$34,239,219
84$48,291,130$1,877,904$0$37,623,390
85$53,122,695$1,875,790$0$41,349,953
86$58,444,113$1,870,608$0$45,453,776
87$64,305,259$1,862,114$0$49,973,281
88$70,761,086$1,850,048$0$54,950,809
89$77,872,153$1,834,137$0$60,433,019
90$85,705,192$1,814,089$0$66,471,332
91$94,333,739$1,789,597$0$73,122,410
92$103,838,826$1,760,333$0$80,448,697
93$114,309,748$1,725,951$0$88,519,006
94$125,844,904$1,686,084$0$97,409,168
95$138,552,726$1,640,344$0$107,202,750
96$152,552,703$1,588,319$0$117,991,845
97$167,976,506$1,529,575$0$129,877,936
98$184,969,235$1,463,649$0$142,972,862
99$203,690,786$1,390,057$0$157,399,868
100$224,317,357$1,308,280$0$173,294,772