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%16.1%
1 years$74,569$73,905$73,257$72,624$72,006$70,209
2 years$36,915$36,228$35,561$34,915$34,289$32,489
3 years$24,366$23,675$23,011$22,371$21,754$20,009
4 years$18,092$17,404$16,746$16,117$15,515$13,837
5 years$14,329$13,645$12,995$12,379$11,794$10,189
6 years$11,821$11,142$10,502$9,900$9,333$7,801
7 years$10,030$9,357$8,727$8,139$7,590$6,132
8 years$8,688$8,021$7,402$6,828$6,297$4,912
9 years$7,644$6,983$6,375$5,816$5,303$3,991
10 years$6,810$6,156$5,558$5,013$4,518$3,277
11 years$6,128$5,480$4,893$4,363$3,886$2,713
12 years$5,560$4,919$4,342$3,827$3,367$2,262
13 years$5,080$4,445$3,880$3,379$2,936$1,896
14 years$4,668$4,040$3,486$2,999$2,574$1,596
15 years$4,312$3,691$3,147$2,675$2,266$1,348
16 years$4,001$3,386$2,854$2,395$2,003$1,142
17 years$3,726$3,119$2,597$2,152$1,776$970
18 years$3,483$2,882$2,370$1,939$1,579$826
19 years$3,265$2,671$2,170$1,752$1,408$704
20 years$3,069$2,482$1,991$1,587$1,257$601
21 years$2,892$2,312$1,832$1,440$1,125$514
22 years$2,732$2,158$1,688$1,310$1,008$440
23 years$2,585$2,018$1,559$1,193$905$377
24 years$2,451$1,891$1,442$1,088$814$323
25 years$2,328$1,775$1,335$993$732$277
26 years$2,215$1,668$1,238$908$660$238
27 years$2,110$1,570$1,150$831$595$204
28 years$2,013$1,479$1,069$762$537$176
29 years$1,922$1,395$995$699$484$151
30 years$1,838$1,318$927$641$438$130
31 years$1,760$1,246$864$589$396$112
32 years$1,686$1,179$806$541$358$96
33 years$1,617$1,116$753$498$324$83
34 years$1,552$1,058$703$458$293$71
35 years$1,492$1,003$657$421$266$61
36 years$1,434$952$615$388$241$53
37 years$1,380$905$576$358$218$45
38 years$1,329$860$539$330$198$39
39 years$1,280$817$505$304$179$34
40 years$1,235$778$473$280$163$29
41 years$1,191$740$444$259$148$25
42 years$1,150$705$416$239$134$21
43 years$1,110$672$391$220$122$18
44 years$1,073$640$367$203$110$16
45 years$1,037$611$344$188$100$14
46 years$1,003$583$323$174$91$12
47 years$971$556$304$160$83$10
48 years$940$531$286$148$75$9
49 years$910$507$268$137$68$8
50 years$882$484$252$127$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $903,000, adding $2,748 every year, while hoping to spend $57,398 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: 78/13/9 Blend
39$903,000$903,000$903,000$903,000
40$997,941$950,082$936,085$1,074,170
41$1,038,659$935,565$906,373$1,110,111
42$1,081,608$918,412$873,742$1,141,825
43$1,126,953$898,436$838,033$1,174,932
44$1,174,876$875,433$799,081$1,209,547
45$1,225,576$849,192$756,713$1,245,796
46$1,279,270$819,487$710,748$1,283,816
47$1,336,194$786,081$660,996$1,323,762
48$1,396,607$748,720$607,261$1,365,804
49$1,460,792$707,138$549,335$1,410,129
50$1,529,059$661,054$487,004$1,456,945
51$1,601,745$610,168$420,041$1,506,482
52$1,679,222$554,165$348,212$1,558,993
53$1,761,896$492,713$271,270$1,614,760
54$1,850,212$425,458$188,960$1,674,094
55$1,944,657$352,029$101,013$1,737,337
56$2,045,766$272,032$7,151$1,804,870
57$2,154,124$185,052$0$1,877,114
58$2,270,375$90,650$0$1,963,465
59$2,395,225$0$0$2,056,818
60$2,529,447$0$0$2,158,750
61$2,673,892$0$0$2,282,423
62$2,829,493$0$0$2,415,669
63$2,997,276$0$0$2,559,370
64$3,178,367$0$0$2,714,494
65$3,374,003$0$0$2,882,104
66$3,585,545$0$0$3,063,367
67$3,814,486$0$0$3,259,570
68$4,062,471$0$0$3,472,123
69$4,331,306$0$0$3,702,578
70$4,622,978$0$0$3,952,644
71$4,939,671$0$0$4,224,197
72$5,283,789$0$0$4,519,302
73$5,657,976$0$0$4,840,231
74$6,065,140$0$0$5,189,484
75$6,508,482$0$0$5,569,811
76$6,991,522$0$0$5,984,238
77$7,518,136$0$0$6,436,094
78$8,092,590$0$0$6,929,047
79$8,719,577$0$0$7,467,129
80$9,404,266$0$0$8,054,782
81$10,152,345$0$0$8,696,895
82$10,970,076$0$0$9,398,849
83$11,864,355$0$0$10,166,572
84$12,842,773$0$0$11,006,587
85$13,913,690$0$0$11,926,079
86$15,086,310$0$0$12,932,960
87$16,370,771$0$0$14,035,940
88$17,778,234$0$0$15,244,614
89$19,320,995$0$0$16,569,549
90$21,012,593$0$0$18,022,382
91$22,867,941$0$0$19,615,930
92$24,903,465$0$0$21,364,310
93$27,137,256$0$0$23,283,074
94$29,589,243$0$0$25,389,349
95$32,281,379$0$0$27,702,003
96$35,237,844$0$0$30,241,821
97$38,485,278$0$0$33,031,697
98$42,053,025$0$0$36,096,855
99$45,973,413$0$0$39,465,081
100$50,282,056$0$0$43,166,986