Can I retire at age 40 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$75,064$74,396$73,743$73,107$72,485$71,343
2 years$37,161$36,468$35,798$35,147$34,517$33,369
3 years$24,528$23,833$23,164$22,519$21,899$20,781
4 years$18,212$17,519$16,857$16,224$15,618$14,540
5 years$14,424$13,735$13,082$12,462$11,873$10,836
6 years$11,900$11,216$10,572$9,966$9,395$8,401
7 years$10,097$9,419$8,785$8,193$7,640$6,690
8 years$8,746$8,074$7,451$6,873$6,338$5,431
9 years$7,695$7,030$6,417$5,854$5,338$4,473
10 years$6,855$6,196$5,595$5,047$4,548$3,725
11 years$6,169$5,516$4,926$4,392$3,912$3,130
12 years$5,597$4,951$4,371$3,852$3,390$2,648
13 years$5,113$4,474$3,905$3,401$2,956$2,254
14 years$4,699$4,067$3,509$3,019$2,591$1,927
15 years$4,341$3,715$3,168$2,692$2,281$1,654
16 years$4,027$3,409$2,872$2,411$2,016$1,424
17 years$3,751$3,139$2,614$2,166$1,788$1,230
18 years$3,506$2,901$2,386$1,952$1,590$1,065
19 years$3,286$2,689$2,184$1,764$1,417$924
20 years$3,089$2,498$2,005$1,598$1,266$802
21 years$2,911$2,327$1,844$1,450$1,133$698
22 years$2,750$2,172$1,699$1,318$1,015$608
23 years$2,602$2,032$1,569$1,201$911$531
24 years$2,467$1,904$1,451$1,095$819$463
25 years$2,344$1,786$1,344$1,000$737$405
26 years$2,229$1,679$1,247$914$664$354
27 years$2,124$1,580$1,158$837$599$310
28 years$2,026$1,489$1,076$767$540$271
29 years$1,935$1,405$1,001$703$488$237
30 years$1,850$1,326$933$645$441$208
31 years$1,771$1,254$870$593$398$182
32 years$1,697$1,187$811$545$360$160
33 years$1,628$1,124$758$501$326$140
34 years$1,563$1,065$708$461$295$123
35 years$1,501$1,010$662$424$267$108
36 years$1,444$959$619$391$242$95
37 years$1,389$911$579$360$220$83
38 years$1,338$865$543$332$199$73
39 years$1,289$823$508$306$181$64
40 years$1,243$783$476$282$164$56
41 years$1,199$745$447$260$149$49
42 years$1,157$710$419$240$135$43
43 years$1,118$676$393$222$122$38
44 years$1,080$645$369$205$111$33
45 years$1,044$615$347$189$101$29
46 years$1,010$586$326$175$92$26
47 years$977$560$306$161$83$23
48 years$946$534$287$149$75$20
49 years$916$510$270$138$69$17
50 years$888$487$254$127$62$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $909,000, adding $5,641 every year, while hoping to spend $41,624 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: 73/19/8 Blend
39$909,000$909,000$909,000$909,000
40$1,007,537$959,360$945,270$1,079,385
41$1,066,018$962,081$932,649$1,130,261
42$1,129,069$963,540$918,210$1,180,201
43$1,197,112$963,632$901,849$1,233,729
44$1,270,612$962,244$883,454$1,291,187
45$1,350,077$959,257$862,913$1,352,952
46$1,436,069$954,544$840,104$1,419,440
47$1,529,202$947,971$814,902$1,491,110
48$1,630,155$939,396$787,176$1,568,466
49$1,739,671$928,667$756,787$1,652,067
50$1,858,571$915,624$723,592$1,742,527
51$1,987,754$900,099$687,441$1,840,525
52$2,128,211$881,910$648,177$1,946,810
53$2,281,032$860,867$605,635$2,062,208
54$2,447,418$836,770$559,644$2,187,628
55$2,628,687$809,404$510,024$2,324,075
56$2,826,291$778,543$456,588$2,472,657
57$3,041,830$743,949$399,141$2,634,597
58$3,277,063$705,368$337,478$2,811,242
59$3,533,925$662,534$271,386$3,004,080
60$3,814,550$615,162$200,642$3,214,752
61$4,121,283$562,954$125,012$3,445,065
62$4,456,710$505,595$44,256$3,697,017
63$4,823,673$442,748$0$3,972,808
64$5,225,308$374,062$0$4,278,446
65$5,665,062$299,164$0$4,617,293
66$6,146,734$217,659$0$4,988,546
67$6,674,507$129,131$0$5,395,485
68$7,252,989$33,140$0$5,841,731
69$7,887,253$0$0$6,331,271
70$8,582,888$0$0$6,883,302
71$9,346,047$0$0$7,496,563
72$10,183,512$0$0$8,169,578
73$11,102,750$0$0$8,908,355
74$12,111,986$0$0$9,719,509
75$13,220,282$0$0$10,610,330
76$14,437,620$0$0$11,588,846
77$15,774,995$0$0$12,663,904
78$17,244,522$0$0$13,845,246
79$18,859,546$0$0$15,143,609
80$20,634,769$0$0$16,570,818
81$22,586,389$0$0$18,139,904
82$24,732,250$0$0$19,865,220
83$27,092,014$0$0$21,762,583
84$29,687,341$0$0$23,849,416
85$32,542,098$0$0$26,144,919
86$35,682,580$0$0$28,670,243
87$39,137,758$0$0$31,448,694
88$42,939,554$0$0$34,505,951
89$47,123,140$0$0$37,870,307
90$51,727,271$0$0$41,572,937
91$56,794,646$0$0$45,648,191
92$62,372,316$0$0$50,133,917
93$68,512,124$0$0$55,071,820
94$75,271,194$0$0$60,507,853
95$82,712,470$0$0$66,492,651
96$90,905,310$0$0$73,082,007
97$99,926,140$0$0$80,337,402
98$109,859,171$0$0$88,326,579
99$120,797,199$0$0$97,124,187
100$132,842,477$0$0$106,812,483