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%19.5%
1 years$74,982$74,314$73,662$73,026$72,405$69,642
2 years$37,120$36,428$35,758$35,109$34,479$31,728
3 years$24,501$23,806$23,138$22,495$21,875$19,222
4 years$18,192$17,500$16,839$16,206$15,601$13,067
5 years$14,408$13,720$13,067$12,448$11,860$9,451
6 years$11,887$11,204$10,560$9,955$9,384$7,102
7 years$10,086$9,409$8,776$8,184$7,632$5,476
8 years$8,736$8,065$7,443$6,866$6,331$4,300
9 years$7,687$7,022$6,410$5,848$5,332$3,421
10 years$6,848$6,190$5,589$5,041$4,543$2,750
11 years$6,162$5,510$4,920$4,387$3,907$2,228
12 years$5,591$4,946$4,366$3,848$3,386$1,815
13 years$5,108$4,470$3,901$3,397$2,953$1,487
14 years$4,694$4,063$3,505$3,016$2,588$1,222
15 years$4,336$3,711$3,165$2,690$2,279$1,008
16 years$4,023$3,405$2,869$2,408$2,014$833
17 years$3,747$3,136$2,611$2,164$1,786$691
18 years$3,502$2,898$2,383$1,950$1,588$573
19 years$3,283$2,686$2,182$1,762$1,415$476
20 years$3,086$2,496$2,002$1,596$1,264$396
21 years$2,908$2,325$1,842$1,448$1,131$330
22 years$2,747$2,170$1,698$1,317$1,014$275
23 years$2,599$2,029$1,567$1,199$910$229
24 years$2,465$1,901$1,450$1,094$818$191
25 years$2,341$1,784$1,343$999$736$160
26 years$2,227$1,677$1,245$913$663$134
27 years$2,121$1,578$1,156$836$598$112
28 years$2,024$1,487$1,075$766$539$93
29 years$1,933$1,403$1,000$702$487$78
30 years$1,848$1,325$932$645$440$65
31 years$1,769$1,253$869$592$398$54
32 years$1,695$1,185$810$544$360$46
33 years$1,626$1,122$757$500$326$38
34 years$1,561$1,064$707$460$295$32
35 years$1,500$1,009$661$424$267$27
36 years$1,442$958$618$390$242$22
37 years$1,388$910$579$360$219$19
38 years$1,336$864$542$331$199$16
39 years$1,288$822$508$306$180$13
40 years$1,241$782$476$282$164$11
41 years$1,198$744$446$260$148$9
42 years$1,156$709$419$240$135$8
43 years$1,116$676$393$222$122$6
44 years$1,079$644$369$205$111$5
45 years$1,043$614$346$189$101$4
46 years$1,009$586$325$175$91$4
47 years$976$559$306$161$83$3
48 years$945$534$287$149$75$3
49 years$915$510$270$138$68$2
50 years$887$487$254$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $908,000, adding $4,578 every year, while hoping to spend $27,929 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: 70/12/18 Blend
39$908,000$908,000$908,000$908,000
40$1,005,338$957,214$943,140$1,071,071
41$1,078,166$974,401$945,019$1,132,633
42$1,157,487$991,495$946,025$1,196,238
43$1,243,933$1,008,460$946,099$1,265,152
44$1,338,200$1,025,261$945,179$1,339,896
45$1,441,056$1,041,858$943,202$1,421,046
46$1,553,342$1,058,208$940,098$1,509,233
47$1,675,989$1,074,266$935,798$1,605,155
48$1,810,019$1,089,984$930,225$1,709,582
49$1,956,556$1,105,308$923,304$1,823,359
50$2,116,841$1,120,184$914,950$1,947,421
51$2,292,237$1,134,552$905,079$2,082,797
52$2,484,248$1,148,347$893,602$2,230,621
53$2,694,526$1,161,501$880,423$2,392,144
54$2,924,895$1,173,942$865,444$2,568,743
55$3,177,361$1,185,592$848,563$2,761,938
56$3,454,133$1,196,367$829,671$2,973,403
57$3,757,645$1,206,180$808,656$3,204,982
58$4,090,578$1,214,936$785,399$3,458,710
59$4,455,885$1,222,535$759,777$3,736,830
60$4,856,817$1,228,871$731,661$4,041,812
61$5,296,956$1,233,830$700,916$4,376,381
62$5,780,249$1,237,291$667,400$4,743,539
63$6,311,043$1,239,126$630,966$5,146,596
64$6,894,125$1,239,200$591,460$5,589,200
65$7,534,772$1,237,367$548,720$6,075,373
66$8,238,794$1,233,473$502,578$6,609,546
67$9,012,594$1,227,356$452,857$7,196,605
68$9,863,225$1,218,843$399,374$7,841,935
69$10,798,458$1,207,750$341,937$8,551,472
70$11,826,854$1,193,883$280,345$9,331,759
71$12,957,845$1,177,036$214,389$10,190,007
72$14,201,824$1,156,989$143,849$11,134,164
73$15,570,241$1,133,512$68,499$12,172,992
74$17,075,710$1,106,359$0$13,316,147
75$18,732,133$1,075,271$0$14,576,561
76$20,554,824$1,039,973$0$15,977,865
77$22,560,658$1,000,173$0$17,519,870
78$24,768,228$955,564$0$19,216,881
79$27,198,021$905,821$0$21,084,659
80$29,872,611$850,598$0$23,140,574
81$32,816,872$789,532$0$25,403,767
82$36,058,211$722,237$0$27,895,332
83$39,626,828$648,306$0$30,638,514
84$43,556,000$567,309$0$33,658,928
85$47,882,396$478,791$0$36,984,802
86$52,646,420$382,272$0$40,647,244
87$57,892,595$277,243$0$44,680,535
88$63,669,982$163,170$0$49,122,451
89$70,032,641$39,487$0$54,014,624
90$77,040,143$0$0$59,402,931
91$84,758,132$0$0$65,350,395
92$93,258,943$0$0$71,906,912
93$102,622,284$0$0$79,128,752
94$112,935,990$0$0$87,083,671
95$124,296,850$0$0$95,846,332
96$136,811,522$0$0$105,499,007
97$150,597,537$0$0$116,132,361
98$165,784,409$0$0$127,846,299
99$182,514,859$0$0$140,750,915
100$200,946,158$0$0$154,967,526