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%17.9%
1 years$74,486$73,823$73,176$72,544$71,927$69,624
2 years$36,874$36,188$35,522$34,877$34,251$31,952
3 years$24,339$23,649$22,985$22,346$21,730$19,508
4 years$18,072$17,385$16,727$16,099$15,498$13,369
5 years$14,313$13,630$12,981$12,366$11,781$9,751
6 years$11,808$11,130$10,491$9,889$9,322$7,393
7 years$10,019$9,347$8,718$8,130$7,581$5,752
8 years$8,678$8,012$7,393$6,820$6,290$4,559
9 years$7,636$6,976$6,368$5,809$5,297$3,664
10 years$6,803$6,149$5,552$5,008$4,513$2,975
11 years$6,121$5,474$4,888$4,358$3,881$2,435
12 years$5,554$4,913$4,338$3,823$3,364$2,006
13 years$5,074$4,440$3,875$3,375$2,933$1,661
14 years$4,663$4,036$3,482$2,996$2,571$1,381
15 years$4,307$3,687$3,144$2,672$2,264$1,152
16 years$3,996$3,383$2,850$2,392$2,001$963
17 years$3,722$3,115$2,594$2,149$1,774$808
18 years$3,479$2,879$2,368$1,937$1,577$678
19 years$3,261$2,668$2,168$1,750$1,406$571
20 years$3,066$2,479$1,989$1,585$1,256$481
21 years$2,889$2,309$1,830$1,439$1,124$405
22 years$2,729$2,156$1,686$1,308$1,007$342
23 years$2,582$2,016$1,557$1,191$904$289
24 years$2,448$1,889$1,440$1,087$813$244
25 years$2,325$1,773$1,334$992$731$206
26 years$2,212$1,666$1,237$907$659$175
27 years$2,107$1,568$1,149$830$594$148
28 years$2,010$1,477$1,068$761$536$125
29 years$1,920$1,394$994$698$484$106
30 years$1,836$1,316$926$640$437$90
31 years$1,758$1,244$863$588$395$76
32 years$1,684$1,177$805$541$358$64
33 years$1,615$1,115$752$497$324$55
34 years$1,551$1,057$702$457$293$46
35 years$1,490$1,002$657$421$265$39
36 years$1,433$951$614$388$240$33
37 years$1,379$904$575$357$218$28
38 years$1,327$859$538$329$198$24
39 years$1,279$817$504$304$179$20
40 years$1,233$777$473$280$163$17
41 years$1,190$740$443$258$147$15
42 years$1,148$704$416$238$134$12
43 years$1,109$671$390$220$121$10
44 years$1,072$640$366$203$110$9
45 years$1,036$610$344$188$100$8
46 years$1,002$582$323$173$91$6
47 years$970$555$304$160$82$5
48 years$939$530$285$148$75$5
49 years$909$506$268$137$68$4
50 years$881$484$252$126$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $902,000, adding $4,814 every year, while hoping to spend $38,893 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: 68/19/13 Blend
39$902,000$902,000$902,000$902,000
40$998,970$951,164$937,183$1,063,667
41$1,059,483$956,389$927,196$1,112,561
42$1,124,865$960,566$915,572$1,160,935
43$1,195,571$963,604$902,214$1,212,841
44$1,272,102$965,404$887,021$1,268,624
45$1,355,009$965,861$869,889$1,328,659
46$1,444,897$964,865$850,707$1,393,364
47$1,542,431$962,298$829,360$1,463,199
48$1,648,343$958,035$805,728$1,538,671
49$1,763,439$951,944$779,685$1,620,340
50$1,888,604$943,883$751,098$1,708,825
51$2,024,812$933,705$719,831$1,804,808
52$2,173,137$921,250$685,739$1,909,041
53$2,334,757$906,351$648,671$2,022,355
54$2,510,971$888,831$608,471$2,145,667
55$2,703,208$868,501$564,972$2,279,987
56$2,913,040$845,164$518,004$2,426,433
57$3,142,201$818,606$467,388$2,586,235
58$3,392,594$788,607$412,934$2,760,752
59$3,666,319$754,929$354,448$2,951,484
60$3,965,686$717,323$291,724$3,160,084
61$4,293,238$675,524$224,549$3,388,378
62$4,651,777$629,254$152,700$3,638,378
63$5,044,387$578,216$75,944$3,912,307
64$5,474,464$522,098$0$4,212,614
65$5,945,748$460,570$0$4,542,831
66$6,462,360$393,283$0$4,916,407
67$7,028,835$319,869$0$5,326,124
68$7,650,172$239,938$0$5,775,647
69$8,331,873$153,078$0$6,269,021
70$9,080,002$58,857$0$6,810,699
71$9,901,235$0$0$7,405,596
72$10,802,929$0$0$8,068,156
73$11,793,186$0$0$8,809,360
74$12,880,933$0$0$9,623,593
75$14,076,003$0$0$10,518,221
76$15,389,228$0$0$11,501,361
77$16,832,542$0$0$12,581,956
78$18,419,093$0$0$13,769,856
79$20,163,366$0$0$15,075,915
80$22,081,318$0$0$16,512,090
81$24,190,533$0$0$18,091,556
82$26,510,380$0$0$19,828,827
83$29,062,203$0$0$21,739,896
84$31,869,516$0$0$23,842,382
85$34,958,228$0$0$26,155,700
86$38,356,887$0$0$28,701,240
87$42,096,946$0$0$31,502,572
88$46,213,063$0$0$34,585,664
89$50,743,423$0$0$37,979,131
90$55,730,104$0$0$41,714,503
91$61,219,468$0$0$45,826,519
92$67,262,602$0$0$50,353,461
93$73,915,795$0$0$55,337,510
94$81,241,076$0$0$60,825,143
95$89,306,789$0$0$66,867,575
96$98,188,248$0$0$73,521,241
97$107,968,439$0$0$80,848,327
98$118,738,807$0$0$88,917,354
99$130,600,116$0$0$97,803,831
100$143,663,402$0$0$107,590,961