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%17.3%
1 years$74,569$73,905$73,257$72,624$72,006$69,869
2 years$36,915$36,228$35,561$34,915$34,289$32,153
3 years$24,366$23,675$23,011$22,371$21,754$19,687
4 years$18,092$17,404$16,746$16,117$15,515$13,533
5 years$14,329$13,645$12,995$12,379$11,794$9,902
6 years$11,821$11,142$10,502$9,900$9,333$7,532
7 years$10,030$9,357$8,727$8,139$7,590$5,880
8 years$8,688$8,021$7,402$6,828$6,297$4,678
9 years$7,644$6,983$6,375$5,816$5,303$3,772
10 years$6,810$6,156$5,558$5,013$4,518$3,074
11 years$6,128$5,480$4,893$4,363$3,886$2,526
12 years$5,560$4,919$4,342$3,827$3,367$2,089
13 years$5,080$4,445$3,880$3,379$2,936$1,737
14 years$4,668$4,040$3,486$2,999$2,574$1,450
15 years$4,312$3,691$3,147$2,675$2,266$1,215
16 years$4,001$3,386$2,854$2,395$2,003$1,020
17 years$3,726$3,119$2,597$2,152$1,776$859
18 years$3,483$2,882$2,370$1,939$1,579$725
19 years$3,265$2,671$2,170$1,752$1,408$613
20 years$3,069$2,482$1,991$1,587$1,257$518
21 years$2,892$2,312$1,832$1,440$1,125$439
22 years$2,732$2,158$1,688$1,310$1,008$372
23 years$2,585$2,018$1,559$1,193$905$316
24 years$2,451$1,891$1,442$1,088$814$268
25 years$2,328$1,775$1,335$993$732$228
26 years$2,215$1,668$1,238$908$660$194
27 years$2,110$1,570$1,150$831$595$165
28 years$2,013$1,479$1,069$762$537$140
29 years$1,922$1,395$995$699$484$119
30 years$1,838$1,318$927$641$438$102
31 years$1,760$1,246$864$589$396$87
32 years$1,686$1,179$806$541$358$74
33 years$1,617$1,116$753$498$324$63
34 years$1,552$1,058$703$458$293$53
35 years$1,492$1,003$657$421$266$46
36 years$1,434$952$615$388$241$39
37 years$1,380$905$576$358$218$33
38 years$1,329$860$539$330$198$28
39 years$1,280$817$505$304$179$24
40 years$1,235$778$473$280$163$20
41 years$1,191$740$444$259$148$17
42 years$1,150$705$416$239$134$15
43 years$1,110$672$391$220$122$13
44 years$1,073$640$367$203$110$11
45 years$1,037$611$344$188$100$9
46 years$1,003$583$323$174$91$8
47 years$971$556$304$160$83$7
48 years$940$531$286$148$75$6
49 years$910$507$268$137$68$5
50 years$882$484$252$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $903,000, adding $2,459 every year, while hoping to spend $51,985 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: 79/16/5 Blend
39$903,000$903,000$903,000$903,000
40$997,642$949,783$935,787$1,076,067
41$1,044,090$941,011$911,824$1,119,005
42$1,093,534$930,067$885,316$1,159,000
43$1,146,223$916,789$856,123$1,201,295
44$1,202,433$901,007$824,098$1,246,093
45$1,262,464$882,539$789,089$1,293,619
46$1,326,645$861,194$750,933$1,344,117
47$1,395,339$836,768$709,466$1,397,861
48$1,468,941$809,047$664,510$1,455,151
49$1,547,885$777,802$615,883$1,516,316
50$1,632,649$742,794$563,395$1,581,723
51$1,723,755$703,767$506,845$1,651,773
52$1,821,778$660,452$446,024$1,726,912
53$1,927,349$612,564$380,716$1,807,628
54$2,041,161$559,801$310,691$1,894,463
55$2,163,973$501,845$235,714$1,988,015
56$2,296,623$438,360$155,534$2,088,941
57$2,440,029$368,990$69,895$2,197,968
58$2,595,200$293,359$0$2,315,900
59$2,763,247$211,070$0$2,444,767
60$2,945,389$121,704$0$2,588,455
61$3,142,970$24,818$0$2,744,324
62$3,357,464$0$0$2,913,580
63$3,590,494$0$0$3,111,650
64$3,843,847$0$0$3,331,767
65$4,119,486$0$0$3,571,273
66$4,419,572$0$0$3,832,047
67$4,746,484$0$0$4,116,161
68$5,102,839$0$0$4,425,891
69$5,491,516$0$0$4,763,745
70$5,915,687$0$0$5,132,482
71$6,378,840$0$0$5,535,139
72$6,884,817$0$0$5,975,061
73$7,437,846$0$0$6,455,928
74$8,042,584$0$0$6,981,792
75$8,704,157$0$0$7,557,117
76$9,428,209$0$0$8,186,815
77$10,220,956$0$0$8,876,297
78$11,089,241$0$0$9,631,520
79$12,040,603$0$0$10,459,046
80$13,083,341$0$0$11,366,100
81$14,226,599$0$0$12,360,642
82$15,480,445$0$0$13,451,435
83$16,855,969$0$0$14,648,135
84$18,365,387$0$0$15,961,374
85$20,022,154$0$0$17,402,867
86$21,841,091$0$0$18,985,515
87$23,838,526$0$0$20,723,531
88$26,032,442$0$0$22,632,572
89$28,442,653$0$0$24,729,885
90$31,090,986$0$0$27,034,470
91$34,001,484$0$0$29,567,261
92$37,200,638$0$0$32,351,318
93$40,717,633$0$0$35,412,047
94$44,584,621$0$0$38,777,438
95$48,837,026$0$0$42,478,330
96$53,513,877$0$0$46,548,699
97$58,658,173$0$0$51,025,979
98$64,317,294$0$0$55,951,416
99$70,543,438$0$0$61,370,452
100$77,394,121$0$0$67,333,157