Can I retire at age 40 with 901,000?

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 $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%16.4%
1 years$74,404$73,741$73,094$72,463$71,847$69,968
2 years$36,834$36,148$35,483$34,838$34,213$32,333
3 years$24,312$23,623$22,960$22,321$21,706$19,884
4 years$18,052$17,365$16,709$16,081$15,481$13,730
5 years$14,297$13,615$12,967$12,352$11,768$10,094
6 years$11,795$11,117$10,479$9,878$9,312$7,715
7 years$10,008$9,336$8,708$8,121$7,573$6,055
8 years$8,669$8,003$7,385$6,813$6,283$4,842
9 years$7,628$6,968$6,361$5,803$5,291$3,926
10 years$6,795$6,142$5,546$5,002$4,508$3,218
11 years$6,114$5,468$4,882$4,353$3,877$2,659
12 years$5,548$4,908$4,333$3,818$3,360$2,212
13 years$5,068$4,435$3,871$3,371$2,930$1,850
14 years$4,658$4,031$3,478$2,993$2,568$1,554
15 years$4,302$3,683$3,140$2,669$2,261$1,310
16 years$3,992$3,379$2,847$2,390$1,999$1,108
17 years$3,718$3,112$2,591$2,147$1,772$939
18 years$3,475$2,875$2,365$1,935$1,576$798
19 years$3,258$2,665$2,165$1,748$1,404$679
20 years$3,062$2,476$1,987$1,583$1,254$578
21 years$2,886$2,307$1,828$1,437$1,123$493
22 years$2,726$2,153$1,685$1,307$1,006$421
23 years$2,579$2,014$1,555$1,190$903$360
24 years$2,446$1,887$1,438$1,085$812$308
25 years$2,323$1,771$1,332$991$731$263
26 years$2,210$1,664$1,236$906$658$226
27 years$2,105$1,566$1,147$830$593$193
28 years$2,008$1,476$1,067$760$535$166
29 years$1,918$1,392$993$697$483$142
30 years$1,834$1,315$925$640$437$122
31 years$1,756$1,243$862$587$395$105
32 years$1,682$1,176$804$540$357$90
33 years$1,614$1,114$751$496$323$77
34 years$1,549$1,056$702$457$293$66
35 years$1,488$1,001$656$421$265$57
36 years$1,431$950$614$387$240$49
37 years$1,377$903$574$357$218$42
38 years$1,326$858$538$329$197$36
39 years$1,278$816$504$303$179$31
40 years$1,232$776$472$280$162$26
41 years$1,188$739$443$258$147$23
42 years$1,147$704$415$238$134$20
43 years$1,108$670$390$220$121$17
44 years$1,071$639$366$203$110$14
45 years$1,035$609$344$187$100$12
46 years$1,001$581$323$173$91$11
47 years$969$555$303$160$82$9
48 years$938$530$285$148$75$8
49 years$908$506$268$137$68$7
50 years$880$483$252$126$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $901,000, adding $3,620 every year, while hoping to spend $53,606 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: 45/36/19 Blend
39$901,000$901,000$901,000$901,000
40$996,636$948,883$934,918$1,035,892
41$1,041,257$938,342$909,201$1,053,237
42$1,088,632$925,488$880,826$1,066,430
43$1,138,986$910,150$849,648$1,079,616
44$1,192,565$892,150$815,513$1,092,818
45$1,249,636$871,295$778,263$1,106,068
46$1,310,496$847,385$737,731$1,119,402
47$1,375,465$820,205$693,743$1,132,865
48$1,444,896$789,530$646,118$1,146,511
49$1,519,178$755,119$594,665$1,160,404
50$1,598,733$716,719$539,186$1,174,622
51$1,684,028$674,062$479,472$1,189,251
52$1,775,573$626,866$415,309$1,204,397
53$1,873,929$574,829$346,469$1,220,179
54$1,979,710$517,637$272,716$1,236,738
55$2,093,592$454,952$193,804$1,254,232
56$2,216,317$386,423$109,475$1,272,846
57$2,348,699$311,675$19,459$1,292,791
58$2,491,632$230,314$0$1,314,305
59$2,646,101$141,921$0$1,353,191
60$2,813,185$46,058$0$1,399,450
61$2,994,074$0$0$1,449,544
62$3,190,073$0$0$1,526,810
63$3,402,617$0$0$1,630,474
64$3,633,286$0$0$1,743,071
65$3,883,817$0$0$1,865,461
66$4,156,120$0$0$1,998,589
67$4,452,297$0$0$2,143,497
68$4,774,660$0$0$2,301,328
69$5,125,753$0$0$2,473,343
70$5,508,376$0$0$2,660,927
71$5,925,611$0$0$2,865,607
72$6,380,847$0$0$3,089,063
73$6,877,819$0$0$3,333,142
74$7,420,635$0$0$3,599,881
75$8,013,818$0$0$3,891,520
76$8,662,349$0$0$4,210,527
77$9,371,710$0$0$4,559,617
78$10,147,938$0$0$4,941,783
79$10,997,682$0$0$5,360,318
80$11,928,262$0$0$5,818,849
81$12,947,738$0$0$6,321,371
82$14,064,989$0$0$6,872,285
83$15,289,791$0$0$7,476,434
84$16,632,914$0$0$8,139,157
85$18,106,218$0$0$8,866,332
86$19,722,767$0$0$9,664,433
87$21,496,949$0$0$10,540,593
88$23,444,615$0$0$11,502,669
89$25,583,226$0$0$12,559,315
90$27,932,013$0$0$13,720,065
91$30,512,164$0$0$14,995,423
92$33,347,020$0$0$16,396,957
93$36,462,293$0$0$17,937,417
94$39,886,312$0$0$19,630,844
95$43,650,284$0$0$21,492,711
96$47,788,591$0$0$23,540,064
97$52,339,114$0$0$25,791,682
98$57,343,587$0$0$28,268,256
99$62,847,991$0$0$30,992,585
100$68,902,989$0$0$33,989,786