Can I retire at age 40 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$74,982$74,314$73,662$73,026$72,405$71,679
2 years$37,120$36,428$35,758$35,109$34,479$33,747
3 years$24,501$23,806$23,138$22,495$21,875$21,161
4 years$18,192$17,500$16,839$16,206$15,601$14,910
5 years$14,408$13,720$13,067$12,448$11,860$11,194
6 years$11,887$11,204$10,560$9,955$9,384$8,744
7 years$10,086$9,409$8,776$8,184$7,632$7,018
8 years$8,736$8,065$7,443$6,866$6,331$5,743
9 years$7,687$7,022$6,410$5,848$5,332$4,770
10 years$6,848$6,190$5,589$5,041$4,543$4,006
11 years$6,162$5,510$4,920$4,387$3,907$3,395
12 years$5,591$4,946$4,366$3,848$3,386$2,899
13 years$5,108$4,470$3,901$3,397$2,953$2,489
14 years$4,694$4,063$3,505$3,016$2,588$2,148
15 years$4,336$3,711$3,165$2,690$2,279$1,862
16 years$4,023$3,405$2,869$2,408$2,014$1,619
17 years$3,747$3,136$2,611$2,164$1,786$1,412
18 years$3,502$2,898$2,383$1,950$1,588$1,235
19 years$3,283$2,686$2,182$1,762$1,415$1,082
20 years$3,086$2,496$2,002$1,596$1,264$950
21 years$2,908$2,325$1,842$1,448$1,131$835
22 years$2,747$2,170$1,698$1,317$1,014$735
23 years$2,599$2,029$1,567$1,199$910$648
24 years$2,465$1,901$1,450$1,094$818$572
25 years$2,341$1,784$1,343$999$736$505
26 years$2,227$1,677$1,245$913$663$447
27 years$2,121$1,578$1,156$836$598$395
28 years$2,024$1,487$1,075$766$539$350
29 years$1,933$1,403$1,000$702$487$310
30 years$1,848$1,325$932$645$440$275
31 years$1,769$1,253$869$592$398$244
32 years$1,695$1,185$810$544$360$216
33 years$1,626$1,122$757$500$326$192
34 years$1,561$1,064$707$460$295$170
35 years$1,500$1,009$661$424$267$151
36 years$1,442$958$618$390$242$134
37 years$1,388$910$579$360$219$119
38 years$1,336$864$542$331$199$106
39 years$1,288$822$508$306$180$94
40 years$1,241$782$476$282$164$84
41 years$1,198$744$446$260$148$74
42 years$1,156$709$419$240$135$66
43 years$1,116$676$393$222$122$59
44 years$1,079$644$369$205$111$52
45 years$1,043$614$346$189$101$46
46 years$1,009$586$325$175$91$41
47 years$976$559$306$161$83$37
48 years$945$534$287$149$75$33
49 years$915$510$270$138$68$29
50 years$887$487$254$127$62$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $908,000, adding $6,758 every year, while hoping to spend $23,599 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: 65/9/26 Blend
39$908,000$908,000$908,000$908,000
40$1,007,587$959,463$945,389$1,065,799
41$1,085,252$981,367$951,950$1,127,809
42$1,170,047$1,003,554$957,940$1,192,316
43$1,262,676$1,026,013$963,316$1,262,295
44$1,363,911$1,048,730$968,029$1,338,288
45$1,474,605$1,071,692$972,033$1,420,890
46$1,595,694$1,094,884$975,275$1,510,758
47$1,728,210$1,118,289$977,702$1,608,615
48$1,873,290$1,141,887$979,258$1,715,257
49$2,032,186$1,165,660$979,883$1,831,564
50$2,206,275$1,189,584$979,515$1,958,505
51$2,397,076$1,213,634$978,090$2,097,146
52$2,606,259$1,237,784$975,538$2,248,665
53$2,835,668$1,262,005$971,788$2,414,357
54$3,087,328$1,286,266$966,765$2,595,653
55$3,363,474$1,310,531$960,390$2,794,128
56$3,666,565$1,334,765$952,581$3,011,519
57$3,999,313$1,358,926$943,250$3,249,740
58$4,364,702$1,382,972$932,308$3,510,901
59$4,766,020$1,406,857$919,659$3,797,328
60$5,206,891$1,430,529$905,204$4,111,585
61$5,691,305$1,453,936$888,839$4,456,496
62$6,223,658$1,477,019$870,455$4,835,176
63$6,808,794$1,499,716$849,939$5,251,060
64$7,452,049$1,521,960$827,170$5,707,929
65$8,159,302$1,543,680$802,024$6,209,957
66$8,937,030$1,564,800$774,371$6,761,739
67$9,792,369$1,585,237$744,074$7,368,343
68$10,733,181$1,604,903$710,991$8,035,354
69$11,768,128$1,623,707$674,972$8,768,928
70$12,906,755$1,641,546$635,861$9,575,851
71$14,159,578$1,658,316$593,497$10,463,602
72$15,538,183$1,673,902$547,707$11,440,424
73$17,055,338$1,688,182$498,315$12,515,402
74$18,725,108$1,701,029$445,134$13,698,550
75$20,562,994$1,712,304$387,971$15,000,907
76$22,586,073$1,721,862$326,622$16,434,637
77$24,813,165$1,729,545$260,877$18,013,147
78$27,265,005$1,735,190$190,513$19,751,218
79$29,964,441$1,738,619$115,300$21,665,135
80$32,936,649$1,739,647$34,998$23,772,850
81$36,209,370$1,738,073$0$26,094,149
82$39,813,175$1,733,688$0$28,664,904
83$43,781,747$1,726,266$0$31,506,357
84$48,152,204$1,715,572$0$34,635,355
85$52,965,446$1,701,352$0$38,081,169
86$58,266,542$1,683,339$0$41,876,058
87$64,105,157$1,661,250$0$46,055,568
88$70,536,017$1,634,785$0$50,658,871
89$77,619,426$1,603,626$0$55,729,132
90$85,421,839$1,567,434$0$61,313,920
91$94,016,482$1,525,855$0$67,465,653
92$103,484,050$1,478,508$0$74,242,096
93$113,913,463$1,424,995$0$81,706,905
94$125,402,709$1,364,892$0$89,930,226
95$138,059,765$1,297,752$0$98,989,362
96$152,003,619$1,223,100$0$108,969,497
97$167,365,392$1,140,435$0$119,964,506
98$184,289,573$1,049,228$0$132,077,837
99$202,935,388$948,918$0$145,423,486
100$223,478,297$838,915$0$160,127,082