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%15.5%
1 years$74,486$73,823$73,176$72,544$71,927$70,302
2 years$36,874$36,188$35,522$34,877$34,251$32,623
3 years$24,339$23,649$22,985$22,346$21,730$20,150
4 years$18,072$17,385$16,727$16,099$15,498$13,977
5 years$14,313$13,630$12,981$12,366$11,781$10,324
6 years$11,808$11,130$10,491$9,889$9,322$7,930
7 years$10,019$9,347$8,718$8,130$7,581$6,255
8 years$8,678$8,012$7,393$6,820$6,290$5,028
9 years$7,636$6,976$6,368$5,809$5,297$4,100
10 years$6,803$6,149$5,552$5,008$4,513$3,379
11 years$6,121$5,474$4,888$4,358$3,881$2,809
12 years$5,554$4,913$4,338$3,823$3,364$2,350
13 years$5,074$4,440$3,875$3,375$2,933$1,978
14 years$4,663$4,036$3,482$2,996$2,571$1,672
15 years$4,307$3,687$3,144$2,672$2,264$1,418
16 years$3,996$3,383$2,850$2,392$2,001$1,207
17 years$3,722$3,115$2,594$2,149$1,774$1,029
18 years$3,479$2,879$2,368$1,937$1,577$880
19 years$3,261$2,668$2,168$1,750$1,406$754
20 years$3,066$2,479$1,989$1,585$1,256$647
21 years$2,889$2,309$1,830$1,439$1,124$555
22 years$2,729$2,156$1,686$1,308$1,007$478
23 years$2,582$2,016$1,557$1,191$904$411
24 years$2,448$1,889$1,440$1,087$813$354
25 years$2,325$1,773$1,334$992$731$305
26 years$2,212$1,666$1,237$907$659$263
27 years$2,107$1,568$1,149$830$594$227
28 years$2,010$1,477$1,068$761$536$196
29 years$1,920$1,394$994$698$484$169
30 years$1,836$1,316$926$640$437$146
31 years$1,758$1,244$863$588$395$127
32 years$1,684$1,177$805$541$358$109
33 years$1,615$1,115$752$497$324$95
34 years$1,551$1,057$702$457$293$82
35 years$1,490$1,002$657$421$265$71
36 years$1,433$951$614$388$240$61
37 years$1,379$904$575$357$218$53
38 years$1,327$859$538$329$198$46
39 years$1,279$817$504$304$179$40
40 years$1,233$777$473$280$163$34
41 years$1,190$740$443$258$147$30
42 years$1,148$704$416$238$134$26
43 years$1,109$671$390$220$121$22
44 years$1,072$640$366$203$110$19
45 years$1,036$610$344$188$100$17
46 years$1,002$582$323$173$91$14
47 years$970$555$304$160$82$12
48 years$939$530$285$148$75$11
49 years$909$506$268$137$68$9
50 years$881$484$252$126$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $902,000, adding $2,953 every year, while hoping to spend $45,443 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: 23/50/27 Blend
39$902,000$902,000$902,000$902,000
40$997,050$949,244$935,263$1,011,398
41$1,050,398$947,406$918,243$1,022,136
42$1,107,665$943,955$899,130$1,029,594
43$1,169,201$938,764$877,806$1,036,607
44$1,235,394$931,697$854,147$1,043,169
45$1,306,667$922,613$828,024$1,049,275
46$1,383,486$911,360$799,301$1,054,926
47$1,466,362$897,777$767,838$1,060,129
48$1,555,856$881,693$733,486$1,064,896
49$1,652,587$862,929$696,091$1,069,244
50$1,757,232$841,294$655,491$1,073,202
51$1,870,537$816,585$611,518$1,076,805
52$1,993,323$788,589$563,995$1,080,099
53$2,126,490$757,078$512,737$1,083,144
54$2,271,031$721,814$457,553$1,086,010
55$2,428,036$682,542$398,240$1,088,785
56$2,598,704$638,995$334,589$1,091,575
57$2,784,354$590,889$266,381$1,094,503
58$2,986,440$537,924$193,386$1,097,718
59$3,206,558$479,783$115,366$1,101,390
60$3,446,466$416,132$32,070$1,105,720
61$3,708,099$346,616$0$1,110,941
62$3,993,587$270,862$0$1,133,690
63$4,305,273$188,475$0$1,168,829
64$4,645,738$99,037$0$1,207,544
65$5,017,823$2,109$0$1,250,324
66$5,424,653$0$0$1,297,716
67$5,869,674$0$0$1,406,881
68$6,356,675$0$0$1,527,770
69$6,889,831$0$0$1,660,277
70$7,473,740$0$0$1,805,565
71$8,113,464$0$0$1,964,915
72$8,814,578$0$0$2,139,736
73$9,583,222$0$0$2,331,582
74$10,426,158$0$0$2,542,166
75$11,350,836$0$0$2,773,370
76$12,365,459$0$0$3,027,273
77$13,479,064$0$0$3,306,161
78$14,701,605$0$0$3,612,553
79$16,044,047$0$0$3,949,227
80$17,518,469$0$0$4,319,239
81$19,138,177$0$0$4,725,958
82$20,917,828$0$0$5,173,098
83$22,873,572$0$0$5,664,745
84$25,023,199$0$0$6,205,407
85$27,386,309$0$0$6,800,046
86$29,984,494$0$0$7,454,131
87$32,841,544$0$0$8,173,689
88$35,983,671$0$0$8,965,357
89$39,439,752$0$0$9,836,450
90$43,241,603$0$0$10,795,029
91$47,424,282$0$0$11,849,974
92$52,026,414$0$0$13,011,070
93$57,090,556$0$0$14,289,097
94$62,663,600$0$0$15,695,937
95$68,797,213$0$0$17,244,679
96$75,548,326$0$0$18,949,747
97$82,979,666$0$0$20,827,035
98$91,160,354$0$0$22,894,055
99$100,166,550$0$0$25,170,105
100$110,082,175$0$0$27,676,448