Can I retire at age 40 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$74,569$73,905$73,257$72,624$72,006$70,639
2 years$36,915$36,228$35,561$34,915$34,289$32,917
3 years$24,366$23,675$23,011$22,371$21,754$20,420
4 years$18,092$17,404$16,746$16,117$15,515$14,229
5 years$14,329$13,645$12,995$12,379$11,794$10,560
6 years$11,821$11,142$10,502$9,900$9,333$8,152
7 years$10,030$9,357$8,727$8,139$7,590$6,462
8 years$8,688$8,021$7,402$6,828$6,297$5,222
9 years$7,644$6,983$6,375$5,816$5,303$4,281
10 years$6,810$6,156$5,558$5,013$4,518$3,548
11 years$6,128$5,480$4,893$4,363$3,886$2,966
12 years$5,560$4,919$4,342$3,827$3,367$2,496
13 years$5,080$4,445$3,880$3,379$2,936$2,113
14 years$4,668$4,040$3,486$2,999$2,574$1,797
15 years$4,312$3,691$3,147$2,675$2,266$1,534
16 years$4,001$3,386$2,854$2,395$2,003$1,314
17 years$3,726$3,119$2,597$2,152$1,776$1,128
18 years$3,483$2,882$2,370$1,939$1,579$971
19 years$3,265$2,671$2,170$1,752$1,408$837
20 years$3,069$2,482$1,991$1,587$1,257$723
21 years$2,892$2,312$1,832$1,440$1,125$625
22 years$2,732$2,158$1,688$1,310$1,008$541
23 years$2,585$2,018$1,559$1,193$905$469
24 years$2,451$1,891$1,442$1,088$814$407
25 years$2,328$1,775$1,335$993$732$354
26 years$2,215$1,668$1,238$908$660$307
27 years$2,110$1,570$1,150$831$595$267
28 years$2,013$1,479$1,069$762$537$232
29 years$1,922$1,395$995$699$484$202
30 years$1,838$1,318$927$641$438$176
31 years$1,760$1,246$864$589$396$153
32 years$1,686$1,179$806$541$358$133
33 years$1,617$1,116$753$498$324$116
34 years$1,552$1,058$703$458$293$101
35 years$1,492$1,003$657$421$266$88
36 years$1,434$952$615$388$241$77
37 years$1,380$905$576$358$218$67
38 years$1,329$860$539$330$198$58
39 years$1,280$817$505$304$179$51
40 years$1,235$778$473$280$163$44
41 years$1,191$740$444$259$148$39
42 years$1,150$705$416$239$134$34
43 years$1,110$672$391$220$122$29
44 years$1,073$640$367$203$110$26
45 years$1,037$611$344$188$100$22
46 years$1,003$583$323$174$91$20
47 years$971$556$304$160$83$17
48 years$940$531$286$148$75$15
49 years$910$507$268$137$68$13
50 years$882$484$252$127$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $903,000, adding $5,175 every year, while hoping to spend $28,152 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: 57/21/22 Blend
39$903,000$903,000$903,000$903,000
40$1,000,444$952,585$938,589$1,051,266
41$1,072,536$969,308$940,078$1,103,247
42$1,151,037$985,907$940,673$1,156,421
43$1,236,573$1,002,346$940,316$1,213,763
44$1,329,829$1,018,587$938,942$1,275,683
45$1,431,562$1,034,588$936,487$1,342,630
46$1,542,603$1,050,305$932,881$1,415,103
47$1,663,869$1,065,690$928,053$1,493,650
48$1,796,368$1,080,693$921,926$1,578,876
49$1,941,209$1,095,258$914,422$1,671,447
50$2,099,614$1,109,328$905,458$1,772,101
51$2,272,930$1,122,840$894,946$1,881,648
52$2,462,637$1,135,728$882,794$2,000,985
53$2,670,367$1,147,919$868,909$2,131,097
54$2,897,916$1,159,340$853,190$2,273,076
55$3,147,264$1,169,907$835,532$2,428,121
56$3,420,588$1,179,536$815,826$2,597,558
57$3,720,289$1,188,135$793,957$2,782,848
58$4,049,010$1,195,605$769,806$2,985,603
59$4,409,662$1,201,842$743,247$3,207,599
60$4,805,451$1,206,736$714,150$3,450,797
61$5,239,910$1,210,169$682,377$3,717,359
62$5,716,930$1,212,016$647,785$4,009,669
63$6,240,795$1,212,143$610,224$4,330,355
64$6,816,228$1,210,410$569,539$4,682,317
65$7,448,430$1,206,667$525,565$5,068,751
66$8,143,130$1,200,754$478,131$5,493,183
67$8,906,641$1,192,502$427,060$5,959,500
68$9,745,917$1,181,733$372,165$6,471,989
69$10,668,619$1,168,257$313,251$7,035,376
70$11,683,188$1,151,871$250,115$7,654,873
71$12,798,924$1,132,363$182,544$8,336,226
72$14,026,072$1,109,507$110,318$9,085,771
73$15,375,922$1,083,063$33,204$9,910,494
74$16,860,910$1,052,778$0$10,818,097
75$18,494,742$1,018,384$0$11,828,595
76$20,292,517$979,595$0$12,948,894
77$22,270,871$936,113$0$14,181,575
78$24,448,135$887,617$0$15,538,082
79$26,844,508$833,774$0$17,031,028
80$29,482,244$774,225$0$18,674,313
81$32,385,867$708,596$0$20,483,258
82$35,582,397$636,489$0$22,474,747
83$39,101,608$557,484$0$24,667,390
84$42,976,308$471,136$0$27,081,697
85$47,242,647$376,977$0$29,740,269
86$51,940,458$274,511$0$32,668,021
87$57,113,637$163,214$0$35,892,407
88$62,810,551$42,534$0$39,443,686
89$69,084,497$0$0$43,355,208
90$75,994,204$0$0$47,684,087
91$83,604,389$0$0$52,462,745
92$91,986,363$0$0$57,726,144
93$101,218,711$0$0$63,523,645
94$111,388,025$0$0$69,909,638
95$122,589,726$0$0$76,944,059
96$134,928,965$0$0$84,692,955
97$148,521,611$0$0$93,229,109
98$163,495,349$0$0$102,632,720
99$179,990,881$0$0$112,992,168
100$198,163,256$0$0$124,404,844