Can I retire at age 40 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$74,486$73,823$73,176$72,544$71,927$70,881
2 years$36,874$36,188$35,522$34,877$34,251$33,200
3 years$24,339$23,649$22,985$22,346$21,730$20,706
4 years$18,072$17,385$16,727$16,099$15,498$14,509
5 years$14,313$13,630$12,981$12,366$11,781$10,830
6 years$11,808$11,130$10,491$9,889$9,322$8,410
7 years$10,019$9,347$8,718$8,130$7,581$6,708
8 years$8,678$8,012$7,393$6,820$6,290$5,455
9 years$7,636$6,976$6,368$5,809$5,297$4,501
10 years$6,803$6,149$5,552$5,008$4,513$3,756
11 years$6,121$5,474$4,888$4,358$3,881$3,161
12 years$5,554$4,913$4,338$3,823$3,364$2,680
13 years$5,074$4,440$3,875$3,375$2,933$2,285
14 years$4,663$4,036$3,482$2,996$2,571$1,958
15 years$4,307$3,687$3,144$2,672$2,264$1,684
16 years$3,996$3,383$2,850$2,392$2,001$1,453
17 years$3,722$3,115$2,594$2,149$1,774$1,258
18 years$3,479$2,879$2,368$1,937$1,577$1,091
19 years$3,261$2,668$2,168$1,750$1,406$948
20 years$3,066$2,479$1,989$1,585$1,256$826
21 years$2,889$2,309$1,830$1,439$1,124$720
22 years$2,729$2,156$1,686$1,308$1,007$629
23 years$2,582$2,016$1,557$1,191$904$550
24 years$2,448$1,889$1,440$1,087$813$481
25 years$2,325$1,773$1,334$992$731$421
26 years$2,212$1,666$1,237$907$659$369
27 years$2,107$1,568$1,149$830$594$324
28 years$2,010$1,477$1,068$761$536$284
29 years$1,920$1,394$994$698$484$250
30 years$1,836$1,316$926$640$437$219
31 years$1,758$1,244$863$588$395$193
32 years$1,684$1,177$805$541$358$169
33 years$1,615$1,115$752$497$324$149
34 years$1,551$1,057$702$457$293$131
35 years$1,490$1,002$657$421$265$115
36 years$1,433$951$614$388$240$101
37 years$1,379$904$575$357$218$89
38 years$1,327$859$538$329$198$78
39 years$1,279$817$504$304$179$69
40 years$1,233$777$473$280$163$61
41 years$1,190$740$443$258$147$54
42 years$1,148$704$416$238$134$47
43 years$1,109$671$390$220$121$41
44 years$1,072$640$366$203$110$37
45 years$1,036$610$344$188$100$32
46 years$1,002$582$323$173$91$28
47 years$970$555$304$160$82$25
48 years$939$530$285$148$75$22
49 years$909$506$268$137$68$19
50 years$881$484$252$126$62$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $902,000, adding $4,799 every year, while hoping to spend $29,586 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: 57/18/25 Blend
39$902,000$902,000$902,000$902,000
40$998,954$951,148$937,167$1,048,847
41$1,069,368$966,275$937,083$1,098,655
42$1,145,973$981,152$936,004$1,149,379
43$1,229,368$995,734$933,867$1,204,041
44$1,320,215$1,009,977$930,603$1,263,031
45$1,419,240$1,023,829$926,141$1,326,777
46$1,527,243$1,037,237$920,407$1,395,753
47$1,645,104$1,050,144$913,323$1,470,480
48$1,773,793$1,062,489$904,807$1,551,536
49$1,914,376$1,074,207$894,774$1,639,554
50$2,068,027$1,085,228$883,135$1,735,238
51$2,236,041$1,095,479$869,794$1,839,362
52$2,419,839$1,104,879$854,654$1,952,778
53$2,620,990$1,113,346$837,613$2,076,429
54$2,841,220$1,120,788$818,561$2,211,356
55$3,082,429$1,127,112$797,388$2,358,704
56$3,346,711$1,132,214$773,974$2,519,739
57$3,636,370$1,135,988$748,197$2,695,857
58$3,953,946$1,138,317$719,928$2,888,598
59$4,302,235$1,139,081$689,032$3,099,660
60$4,684,316$1,138,150$655,368$3,330,918
61$5,103,582$1,135,385$618,789$3,584,437
62$5,563,770$1,130,641$579,140$3,862,498
63$6,068,994$1,123,762$536,262$4,167,615
64$6,623,790$1,114,585$489,985$4,502,563
65$7,233,151$1,102,934$440,134$4,870,399
66$7,902,580$1,088,625$386,526$5,274,499
67$8,638,137$1,071,462$328,969$5,718,582
68$9,446,501$1,051,237$267,262$6,206,752
69$10,335,026$1,027,730$201,198$6,743,535
70$11,311,818$1,000,708$130,557$7,333,921
71$12,385,805$969,924$55,113$7,983,414
72$13,566,825$935,118$0$8,698,081
73$14,865,715$896,013$0$9,491,391
74$16,294,417$852,317$0$10,380,075
75$17,866,087$803,720$0$11,357,623
76$19,595,221$749,895$0$12,433,077
77$21,497,791$690,497$0$13,616,404
78$23,591,395$625,160$0$14,918,589
79$25,895,422$553,498$0$16,351,737
80$28,431,237$475,102$0$17,929,192
81$31,222,382$389,540$0$19,665,658
82$34,294,795$296,358$0$21,577,341
83$37,677,057$195,073$0$23,682,103
84$41,400,663$85,177$0$25,999,631
85$45,500,314$0$0$28,551,619
86$50,014,247$0$0$31,368,686
87$54,984,598$0$0$34,489,274
88$60,457,796$0$0$37,925,672
89$66,484,999$0$0$41,710,016
90$73,122,584$0$0$45,877,714
91$80,432,669$0$0$50,467,786
92$88,483,708$0$0$55,523,227
93$97,351,131$0$0$61,091,417
94$107,118,057$0$0$67,224,564
95$117,876,078$0$0$73,980,199
96$129,726,124$0$0$81,421,719
97$142,779,416$0$0$89,618,984
98$157,158,512$0$0$98,648,975
99$172,998,467$0$0$108,596,525
100$190,448,106$0$0$119,555,113