Can I retire at age 40 with 903,000?

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 $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%14.2%
1 years$74,569$73,905$73,257$72,624$72,006$70,755
2 years$36,915$36,228$35,561$34,915$34,289$33,032
3 years$24,366$23,675$23,011$22,371$21,754$20,532
4 years$18,092$17,404$16,746$16,117$15,515$14,336
5 years$14,329$13,645$12,995$12,379$11,794$10,662
6 years$11,821$11,142$10,502$9,900$9,333$8,248
7 years$10,030$9,357$8,727$8,139$7,590$6,553
8 years$8,688$8,021$7,402$6,828$6,297$5,308
9 years$7,644$6,983$6,375$5,816$5,303$4,361
10 years$6,810$6,156$5,558$5,013$4,518$3,624
11 years$6,128$5,480$4,893$4,363$3,886$3,037
12 years$5,560$4,919$4,342$3,827$3,367$2,563
13 years$5,080$4,445$3,880$3,379$2,936$2,175
14 years$4,668$4,040$3,486$2,999$2,574$1,855
15 years$4,312$3,691$3,147$2,675$2,266$1,588
16 years$4,001$3,386$2,854$2,395$2,003$1,364
17 years$3,726$3,119$2,597$2,152$1,776$1,174
18 years$3,483$2,882$2,370$1,939$1,579$1,013
19 years$3,265$2,671$2,170$1,752$1,408$876
20 years$3,069$2,482$1,991$1,587$1,257$759
21 years$2,892$2,312$1,832$1,440$1,125$659
22 years$2,732$2,158$1,688$1,310$1,008$572
23 years$2,585$2,018$1,559$1,193$905$497
24 years$2,451$1,891$1,442$1,088$814$433
25 years$2,328$1,775$1,335$993$732$377
26 years$2,215$1,668$1,238$908$660$329
27 years$2,110$1,570$1,150$831$595$287
28 years$2,013$1,479$1,069$762$537$250
29 years$1,922$1,395$995$699$484$218
30 years$1,838$1,318$927$641$438$191
31 years$1,760$1,246$864$589$396$167
32 years$1,686$1,179$806$541$358$146
33 years$1,617$1,116$753$498$324$127
34 years$1,552$1,058$703$458$293$111
35 years$1,492$1,003$657$421$266$97
36 years$1,434$952$615$388$241$85
37 years$1,380$905$576$358$218$74
38 years$1,329$860$539$330$198$65
39 years$1,280$817$505$304$179$57
40 years$1,235$778$473$280$163$50
41 years$1,191$740$444$259$148$44
42 years$1,150$705$416$239$134$38
43 years$1,110$672$391$220$122$33
44 years$1,073$640$367$203$110$29
45 years$1,037$611$344$188$100$26
46 years$1,003$583$323$174$91$22
47 years$971$556$304$160$83$20
48 years$940$531$286$148$75$17
49 years$910$507$268$137$68$15
50 years$882$484$252$127$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $903,000, adding $4,070 every year, while hoping to spend $25,335 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: 35/45/20 Blend
39$903,000$903,000$903,000$903,000
40$999,304$951,445$937,449$1,028,061
41$1,074,277$971,110$941,897$1,069,188
42$1,156,048$990,889$945,645$1,110,894
43$1,245,284$1,010,761$948,643$1,155,369
44$1,342,718$1,030,704$950,838$1,202,875
45$1,449,158$1,050,692$952,174$1,253,701
46$1,565,495$1,070,698$952,594$1,308,164
47$1,692,706$1,090,692$952,037$1,366,617
48$1,831,869$1,110,644$950,438$1,429,446
49$1,984,173$1,130,518$947,730$1,497,079
50$2,150,923$1,150,278$943,844$1,569,989
51$2,333,559$1,169,884$938,705$1,648,697
52$2,533,666$1,189,292$932,235$1,733,777
53$2,752,990$1,208,458$924,355$1,825,865
54$2,993,453$1,227,330$914,979$1,925,662
55$3,257,172$1,245,856$904,017$2,033,940
56$3,546,480$1,263,979$891,378$2,151,553
57$3,863,945$1,281,638$876,964$2,279,443
58$4,212,397$1,298,768$860,671$2,418,649
59$4,594,952$1,315,298$842,395$2,570,319
60$5,015,044$1,331,155$822,022$2,735,718
61$5,476,455$1,346,258$799,436$2,916,243
62$5,983,350$1,360,522$774,514$3,113,437
63$6,540,321$1,373,856$747,129$3,328,999
64$7,152,422$1,386,163$717,146$3,564,807
65$7,825,225$1,397,341$684,427$3,822,933
66$8,564,867$1,407,279$648,823$4,105,660
67$9,378,108$1,415,861$610,184$4,415,509
68$10,272,398$1,422,961$568,348$4,755,264
69$11,255,943$1,428,447$523,148$5,127,991
70$12,337,787$1,432,179$474,412$5,537,076
71$13,527,892$1,434,006$421,955$5,986,253
72$14,837,234$1,433,769$365,588$6,479,643
73$16,277,908$1,431,301$305,111$7,021,788
74$17,863,241$1,426,420$240,318$7,617,702
75$19,607,914$1,418,937$170,992$8,272,913
76$21,528,107$1,408,651$96,905$8,993,519
77$23,641,645$1,395,346$17,823$9,786,245
78$25,968,171$1,378,795$0$10,658,511
79$28,529,327$1,358,759$0$11,632,703
80$31,348,962$1,334,982$0$12,708,619
81$34,453,353$1,307,193$0$13,892,461
82$37,871,456$1,275,107$0$15,195,259
83$41,635,178$1,238,420$0$16,629,178
84$45,779,675$1,196,812$0$18,207,625
85$50,343,689$1,149,943$0$19,945,382
86$55,369,909$1,097,454$0$21,858,745
87$60,905,375$1,038,964$0$23,965,676
88$67,001,922$974,072$0$26,285,979
89$73,716,669$902,353$0$28,841,483
90$81,112,557$823,356$0$31,656,252
91$89,258,945$736,608$0$34,756,812
92$98,232,261$641,606$0$38,172,405
93$108,116,726$537,818$0$41,935,263
94$119,005,147$424,686$0$46,080,916
95$130,999,793$301,617$0$50,648,531
96$144,213,360$167,984$0$55,681,279
97$158,770,037$23,129$0$61,226,745
98$174,806,672$0$0$67,337,383
99$192,474,070$0$0$74,137,190
100$211,938,411$0$0$81,641,435