Can I retire at age 40 with 908,000?

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 $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%14.9%
1 years$74,982$74,314$73,662$73,026$72,405$70,943
2 years$37,120$36,428$35,758$35,109$34,479$33,012
3 years$24,501$23,806$23,138$22,495$21,875$20,449
4 years$18,192$17,500$16,839$16,206$15,601$14,228
5 years$14,408$13,720$13,067$12,448$11,860$10,543
6 years$11,887$11,204$10,560$9,955$9,384$8,125
7 years$10,086$9,409$8,776$8,184$7,632$6,430
8 years$8,736$8,065$7,443$6,866$6,331$5,187
9 years$7,687$7,022$6,410$5,848$5,332$4,244
10 years$6,848$6,190$5,589$5,041$4,543$3,511
11 years$6,162$5,510$4,920$4,387$3,907$2,930
12 years$5,591$4,946$4,366$3,848$3,386$2,461
13 years$5,108$4,470$3,901$3,397$2,953$2,079
14 years$4,694$4,063$3,505$3,016$2,588$1,765
15 years$4,336$3,711$3,165$2,690$2,279$1,503
16 years$4,023$3,405$2,869$2,408$2,014$1,285
17 years$3,747$3,136$2,611$2,164$1,786$1,101
18 years$3,502$2,898$2,383$1,950$1,588$945
19 years$3,283$2,686$2,182$1,762$1,415$813
20 years$3,086$2,496$2,002$1,596$1,264$701
21 years$2,908$2,325$1,842$1,448$1,131$605
22 years$2,747$2,170$1,698$1,317$1,014$522
23 years$2,599$2,029$1,567$1,199$910$452
24 years$2,465$1,901$1,450$1,094$818$391
25 years$2,341$1,784$1,343$999$736$339
26 years$2,227$1,677$1,245$913$663$294
27 years$2,121$1,578$1,156$836$598$255
28 years$2,024$1,487$1,075$766$539$221
29 years$1,933$1,403$1,000$702$487$192
30 years$1,848$1,325$932$645$440$166
31 years$1,769$1,253$869$592$398$145
32 years$1,695$1,185$810$544$360$126
33 years$1,626$1,122$757$500$326$109
34 years$1,561$1,064$707$460$295$95
35 years$1,500$1,009$661$424$267$82
36 years$1,442$958$618$390$242$72
37 years$1,388$910$579$360$219$62
38 years$1,336$864$542$331$199$54
39 years$1,288$822$508$306$180$47
40 years$1,241$782$476$282$164$41
41 years$1,198$744$446$260$148$36
42 years$1,156$709$419$240$135$31
43 years$1,116$676$393$222$122$27
44 years$1,079$644$369$205$111$23
45 years$1,043$614$346$189$101$20
46 years$1,009$586$325$175$91$18
47 years$976$559$306$161$83$15
48 years$945$534$287$149$75$13
49 years$915$510$270$138$68$12
50 years$887$487$254$127$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $908,000, adding $5,437 every year, while hoping to spend $36,197 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: 53/26/21 Blend
39$908,000$908,000$908,000$908,000
40$1,006,224$958,100$944,026$1,053,480
41$1,070,346$966,534$937,138$1,094,994
42$1,139,795$974,168$928,805$1,135,919
43$1,215,076$980,924$918,943$1,179,683
44$1,296,745$986,720$907,458$1,226,566
45$1,385,413$991,470$894,258$1,276,882
46$1,481,751$995,078$879,242$1,330,976
47$1,586,500$997,447$862,307$1,389,230
48$1,700,471$998,470$843,342$1,452,068
49$1,824,560$998,036$822,236$1,519,955
50$1,959,752$996,026$798,867$1,593,410
51$2,107,129$992,314$773,111$1,673,003
52$2,267,884$986,766$744,839$1,759,367
53$2,443,330$979,239$713,913$1,853,199
54$2,634,912$969,584$680,191$1,955,272
55$2,844,219$957,639$643,523$2,066,438
56$3,073,003$943,237$603,755$2,187,640
57$3,323,190$926,197$560,722$2,319,921
58$3,596,905$906,330$514,255$2,464,430
59$3,896,483$883,433$464,176$2,622,439
60$4,224,497$857,295$410,299$2,795,354
61$4,583,782$827,689$352,430$2,984,725
62$4,977,458$794,376$290,367$3,192,267
63$5,408,963$757,104$223,898$3,419,871
64$5,882,080$715,606$152,802$3,669,629
65$6,400,980$669,598$76,849$3,943,848
66$6,970,254$618,782$0$4,245,076
67$7,594,960$562,842$0$4,577,069
68$8,280,668$501,444$0$4,960,429
69$9,033,516$434,234$0$5,381,406
70$9,860,263$360,841$0$5,843,844
71$10,768,357$280,868$0$6,351,986
72$11,765,999$193,901$0$6,910,510
73$12,862,229$99,500$0$7,524,572
74$14,067,001$0$0$8,199,861
75$15,391,283$0$0$8,943,450
76$16,847,160$0$0$9,792,321
77$18,447,944$0$0$10,725,781
78$20,208,303$0$0$11,752,395
79$22,144,397$0$0$12,881,600
80$24,274,030$0$0$14,123,794
81$26,616,819$0$0$15,490,432
82$29,194,378$0$0$16,994,136
83$32,030,521$0$0$18,648,815
84$35,151,488$0$0$20,469,790
85$38,586,190$0$0$22,473,947
86$42,366,483$0$0$24,679,890
87$46,527,467$0$0$27,108,117
88$51,107,820$0$0$29,781,216
89$56,150,156$0$0$32,724,075
90$61,701,435$0$0$35,964,120
91$67,813,400$0$0$39,531,567
92$74,543,065$0$0$43,459,716
93$81,953,256$0$0$47,785,258
94$90,113,200$0$0$52,548,624
95$99,099,181$0$0$57,794,365
96$108,995,257$0$0$63,571,574
97$119,894,054$0$0$69,934,347
98$131,897,638$0$0$76,942,294
99$145,118,481$0$0$84,661,104
100$159,680,519$0$0$93,163,159