Can I retire at age 40 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$74,899$74,232$73,581$72,946$72,325$71,660
2 years$37,079$36,388$35,719$35,070$34,441$33,770
3 years$24,474$23,780$23,113$22,470$21,851$21,196
4 years$18,172$17,481$16,820$16,188$15,584$14,950
5 years$14,393$13,705$13,053$12,434$11,847$11,235
6 years$11,873$11,191$10,549$9,944$9,374$8,786
7 years$10,075$9,398$8,766$8,175$7,624$7,059
8 years$8,726$8,056$7,434$6,858$6,324$5,784
9 years$7,678$7,014$6,403$5,841$5,326$4,809
10 years$6,840$6,183$5,582$5,035$4,538$4,044
11 years$6,155$5,504$4,915$4,382$3,903$3,432
12 years$5,584$4,940$4,362$3,844$3,382$2,933
13 years$5,102$4,465$3,897$3,394$2,949$2,522
14 years$4,689$4,058$3,501$3,012$2,585$2,180
15 years$4,331$3,707$3,161$2,687$2,276$1,891
16 years$4,018$3,401$2,866$2,406$2,012$1,647
17 years$3,743$3,132$2,608$2,161$1,784$1,439
18 years$3,498$2,895$2,381$1,948$1,586$1,260
19 years$3,279$2,683$2,180$1,760$1,414$1,105
20 years$3,083$2,493$2,000$1,594$1,263$972
21 years$2,905$2,322$1,840$1,447$1,130$856
22 years$2,744$2,167$1,696$1,315$1,013$755
23 years$2,597$2,027$1,566$1,198$909$666
24 years$2,462$1,899$1,448$1,093$817$589
25 years$2,338$1,782$1,341$998$735$521
26 years$2,224$1,675$1,244$912$662$461
27 years$2,119$1,577$1,155$835$597$409
28 years$2,022$1,486$1,074$765$539$363
29 years$1,931$1,401$999$702$487$322
30 years$1,846$1,324$931$644$440$286
31 years$1,767$1,251$868$591$398$254
32 years$1,694$1,184$810$544$360$225
33 years$1,624$1,121$756$500$325$200
34 years$1,559$1,063$706$460$295$178
35 years$1,498$1,008$660$423$267$158
36 years$1,441$957$618$390$242$141
37 years$1,386$909$578$359$219$125
38 years$1,335$863$541$331$199$112
39 years$1,286$821$507$305$180$99
40 years$1,240$781$475$282$163$88
41 years$1,196$744$446$260$148$79
42 years$1,155$708$418$240$135$70
43 years$1,115$675$392$221$122$62
44 years$1,078$643$368$204$111$56
45 years$1,042$613$346$189$101$49
46 years$1,008$585$325$174$91$44
47 years$975$558$305$161$83$39
48 years$944$533$287$149$75$35
49 years$914$509$270$138$68$31
50 years$886$486$253$127$62$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $907,000, adding $2,213 every year, while hoping to spend $34,476 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: 86/7/7 Blend
39$907,000$907,000$907,000$907,000
40$1,001,797$953,726$939,667$1,087,222
41$1,067,298$963,776$934,464$1,153,303
42$1,138,324$973,163$927,931$1,220,941
43$1,215,404$981,819$919,987$1,294,163
44$1,299,116$989,669$910,547$1,373,507
45$1,390,099$996,636$899,524$1,459,566
46$1,489,054$1,002,635$886,822$1,552,992
47$1,596,753$1,007,580$872,346$1,654,502
48$1,714,045$1,011,375$855,993$1,764,888
49$1,841,865$1,013,920$837,657$1,885,021
50$1,981,243$1,015,110$817,226$2,015,859
51$2,133,309$1,014,829$794,582$2,158,459
52$2,299,311$1,012,960$769,605$2,313,985
53$2,480,619$1,009,374$742,165$2,483,718
54$2,678,744$1,003,935$712,130$2,669,070
55$2,895,349$996,501$679,359$2,871,596
56$3,132,264$986,918$643,707$3,093,008
57$3,391,504$975,027$605,020$3,335,195
58$3,675,288$960,654$563,140$3,600,236
59$3,986,061$943,620$517,898$3,890,421
60$4,326,514$923,731$469,122$4,208,274
61$4,699,609$900,786$416,629$4,556,577
62$5,108,612$874,567$360,229$4,938,392
63$5,557,117$844,847$299,723$5,357,097
64$6,049,084$811,385$234,904$5,816,411
65$6,588,872$773,925$165,555$6,320,432
66$7,181,287$732,197$91,452$6,873,678
67$7,831,620$685,916$12,356$7,481,125
68$8,545,698$634,779$0$8,148,257
69$9,329,942$578,466$0$8,886,499
70$10,191,426$516,641$0$9,698,462
71$11,137,941$448,946$0$10,590,583
72$12,178,071$375,004$0$11,570,967
73$13,321,271$294,416$0$12,648,547
74$14,577,961$206,763$0$13,833,167
75$15,959,618$111,599$0$15,135,671
76$17,478,887$8,455$0$16,568,009
77$19,149,700$0$0$18,143,348
78$20,987,407$0$0$19,884,143
79$23,008,919$0$0$21,799,781
80$25,232,872$0$0$23,907,269
81$27,679,794$0$0$26,226,063
82$30,372,307$0$0$28,777,603
83$33,335,335$0$0$31,585,509
84$36,596,341$0$0$34,675,807
85$40,185,586$0$0$38,077,177
86$44,136,410$0$0$41,821,216
87$48,485,553$0$0$45,942,742
88$53,273,497$0$0$50,480,120
89$58,544,847$0$0$55,475,624
90$64,348,754$0$0$60,975,835
91$70,739,378$0$0$67,032,082
92$77,776,398$0$0$73,700,922
93$85,525,575$0$0$81,044,678
94$94,059,371$0$0$89,132,024
95$103,457,636$0$0$98,038,634
96$113,808,355$0$0$107,847,896
97$125,208,487$0$0$118,651,696
98$137,764,870$0$0$130,551,288
99$151,595,235$0$0$143,658,248
100$166,829,316$0$0$158,095,526