Can I retire at age 40 with 902,000?

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 $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%15.9%
1 years$74,486$73,823$73,176$72,544$71,927$70,188
2 years$36,874$36,188$35,522$34,877$34,251$32,509
3 years$24,339$23,649$22,985$22,346$21,730$20,041
4 years$18,072$17,385$16,727$16,099$15,498$13,873
5 years$14,313$13,630$12,981$12,366$11,781$10,226
6 years$11,808$11,130$10,491$9,889$9,322$7,838
7 years$10,019$9,347$8,718$8,130$7,581$6,168
8 years$8,678$8,012$7,393$6,820$6,290$4,947
9 years$7,636$6,976$6,368$5,809$5,297$4,024
10 years$6,803$6,149$5,552$5,008$4,513$3,308
11 years$6,121$5,474$4,888$4,358$3,881$2,743
12 years$5,554$4,913$4,338$3,823$3,364$2,289
13 years$5,074$4,440$3,875$3,375$2,933$1,921
14 years$4,663$4,036$3,482$2,996$2,571$1,619
15 years$4,307$3,687$3,144$2,672$2,264$1,370
16 years$3,996$3,383$2,850$2,392$2,001$1,162
17 years$3,722$3,115$2,594$2,149$1,774$989
18 years$3,479$2,879$2,368$1,937$1,577$843
19 years$3,261$2,668$2,168$1,750$1,406$720
20 years$3,066$2,479$1,989$1,585$1,256$616
21 years$2,889$2,309$1,830$1,439$1,124$527
22 years$2,729$2,156$1,686$1,308$1,007$452
23 years$2,582$2,016$1,557$1,191$904$388
24 years$2,448$1,889$1,440$1,087$813$333
25 years$2,325$1,773$1,334$992$731$286
26 years$2,212$1,666$1,237$907$659$246
27 years$2,107$1,568$1,149$830$594$212
28 years$2,010$1,477$1,068$761$536$182
29 years$1,920$1,394$994$698$484$157
30 years$1,836$1,316$926$640$437$135
31 years$1,758$1,244$863$588$395$116
32 years$1,684$1,177$805$541$358$100
33 years$1,615$1,115$752$497$324$86
34 years$1,551$1,057$702$457$293$74
35 years$1,490$1,002$657$421$265$64
36 years$1,433$951$614$388$240$55
37 years$1,379$904$575$357$218$48
38 years$1,327$859$538$329$198$41
39 years$1,279$817$504$304$179$35
40 years$1,233$777$473$280$163$31
41 years$1,190$740$443$258$147$26
42 years$1,148$704$416$238$134$23
43 years$1,109$671$390$220$121$20
44 years$1,072$640$366$203$110$17
45 years$1,036$610$344$188$100$15
46 years$1,002$582$323$173$91$13
47 years$970$555$304$160$82$11
48 years$939$530$285$148$75$9
49 years$909$506$268$137$68$8
50 years$881$484$252$126$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $902,000, adding $3,409 every year, while hoping to spend $27,025 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: 39/33/28 Blend
39$902,000$902,000$902,000$902,000
40$997,520$949,714$935,733$1,028,030
41$1,070,513$967,496$938,326$1,068,415
42$1,150,045$985,243$940,100$1,109,312
43$1,236,755$1,002,926$940,999$1,153,020
44$1,331,346$1,020,511$940,964$1,199,814
45$1,434,591$1,037,964$939,934$1,249,995
46$1,547,342$1,055,246$937,844$1,303,898
47$1,670,536$1,072,318$934,627$1,361,892
48$1,805,204$1,089,135$930,210$1,424,385
49$1,952,483$1,105,651$924,521$1,491,827
50$2,113,624$1,121,815$917,479$1,564,715
51$2,290,003$1,137,574$909,005$1,643,601
52$2,483,138$1,152,870$899,012$1,729,091
53$2,694,699$1,167,642$887,409$1,821,855
54$2,926,526$1,181,823$874,104$1,922,634
55$3,180,642$1,195,344$858,998$2,032,245
56$3,459,281$1,208,128$841,987$2,151,593
57$3,764,898$1,220,097$822,965$2,281,674
58$4,100,201$1,231,165$801,817$2,423,589
59$4,468,169$1,241,240$778,426$2,578,554
60$4,872,088$1,250,227$752,669$2,747,911
61$5,315,574$1,258,020$724,416$2,933,141
62$5,802,611$1,264,512$693,532$3,135,879
63$6,337,588$1,269,584$659,877$3,357,932
64$6,925,341$1,273,113$623,302$3,601,291
65$7,571,197$1,274,966$583,653$3,868,156
66$8,281,023$1,275,003$540,769$4,160,953
67$9,061,285$1,273,076$494,482$4,482,360
68$9,919,104$1,269,025$444,616$4,835,334
69$10,862,329$1,262,683$390,987$5,223,135
70$11,899,604$1,253,872$333,402$5,649,362
71$13,040,454$1,242,403$271,662$6,117,986
72$14,295,375$1,228,075$205,557$6,633,386
73$15,675,929$1,210,676$134,869$7,200,397
74$17,194,855$1,189,981$59,369$7,824,348
75$18,866,192$1,165,751$0$8,511,123
76$20,705,405$1,137,734$0$9,273,543
77$22,729,535$1,105,663$0$10,131,771
78$24,957,361$1,069,253$0$11,076,022
79$27,409,571$1,028,206$0$12,115,084
80$30,108,964$982,204$0$13,258,645
81$33,080,658$930,913$0$14,517,384
82$36,352,333$873,976$0$15,903,073
83$39,954,489$811,018$0$17,428,690
84$43,920,733$741,644$0$19,108,541
85$48,288,097$665,433$0$20,958,394
86$53,097,386$581,943$0$22,995,634
87$58,393,566$490,705$0$25,239,423
88$64,226,183$391,223$0$27,710,883
89$70,649,837$282,976$0$30,433,297
90$77,724,690$165,411$0$33,432,331
91$85,517,038$37,946$0$36,736,274
92$94,099,934$0$0$40,376,309
93$103,553,881$0$0$44,423,135
94$113,967,587$0$0$48,896,147
95$125,438,805$0$0$53,823,574
96$138,075,251$0$0$59,251,709
97$151,995,629$0$0$65,231,565
98$167,330,741$0$0$71,819,357
99$184,224,729$0$0$79,077,029
100$202,836,430$0$0$87,072,845