Can I retire at age 40 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$75,312$74,641$73,987$73,348$72,724$70,937
2 years$37,283$36,589$35,916$35,263$34,631$32,841
3 years$24,609$23,911$23,240$22,594$21,971$20,235
4 years$18,273$17,577$16,913$16,277$15,670$14,001
5 years$14,472$13,781$13,125$12,503$11,912$10,315
6 years$11,939$11,253$10,607$9,998$9,426$7,902
7 years$10,130$9,450$8,814$8,220$7,666$6,215
8 years$8,775$8,101$7,475$6,896$6,359$4,982
9 years$7,721$7,053$6,438$5,874$5,355$4,049
10 years$6,878$6,217$5,613$5,063$4,563$3,327
11 years$6,189$5,535$4,942$4,406$3,924$2,757
12 years$5,615$4,968$4,386$3,865$3,401$2,299
13 years$5,130$4,489$3,918$3,412$2,966$1,928
14 years$4,715$4,081$3,521$3,029$2,600$1,624
15 years$4,355$3,728$3,179$2,701$2,289$1,373
16 years$4,041$3,420$2,882$2,419$2,023$1,164
17 years$3,763$3,150$2,622$2,173$1,794$990
18 years$3,517$2,911$2,394$1,959$1,595$843
19 years$3,297$2,697$2,192$1,770$1,422$719
20 years$3,100$2,507$2,011$1,603$1,270$615
21 years$2,921$2,335$1,850$1,455$1,136$526
22 years$2,759$2,179$1,705$1,323$1,019$451
23 years$2,611$2,038$1,574$1,205$914$386
24 years$2,476$1,910$1,456$1,099$822$332
25 years$2,351$1,792$1,349$1,003$739$285
26 years$2,237$1,684$1,251$917$666$245
27 years$2,131$1,585$1,161$840$601$210
28 years$2,033$1,494$1,080$769$542$181
29 years$1,941$1,409$1,005$705$489$155
30 years$1,856$1,331$936$647$442$134
31 years$1,777$1,258$872$595$400$115
32 years$1,703$1,190$814$547$362$99
33 years$1,633$1,127$760$503$327$85
34 years$1,568$1,068$710$462$296$73
35 years$1,506$1,013$664$426$268$63
36 years$1,448$962$621$392$243$55
37 years$1,394$914$581$361$220$47
38 years$1,342$868$544$333$200$40
39 years$1,293$826$510$307$181$35
40 years$1,247$785$478$283$164$30
41 years$1,203$748$448$261$149$26
42 years$1,161$712$420$241$135$22
43 years$1,121$678$395$223$123$19
44 years$1,084$647$370$205$111$17
45 years$1,048$617$348$190$101$14
46 years$1,013$588$327$175$92$12
47 years$980$561$307$162$83$11
48 years$949$536$288$150$76$9
49 years$919$512$271$138$69$8
50 years$890$489$255$128$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $912,000, adding $5,702 every year, while hoping to spend $41,397 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: 86/6/8 Blend
39$912,000$912,000$912,000$912,000
40$1,010,906$962,570$948,434$1,096,507
41$1,069,972$965,689$936,160$1,156,327
42$1,133,675$967,575$922,088$1,215,785
43$1,202,446$968,121$906,113$1,279,807
44$1,276,754$967,218$888,127$1,348,825
45$1,357,119$964,748$868,016$1,423,312
46$1,444,111$960,586$845,660$1,503,792
47$1,538,356$954,601$820,935$1,590,840
48$1,640,543$946,650$793,710$1,685,089
49$1,751,428$936,586$763,850$1,787,237
50$1,871,846$924,251$731,211$1,898,050
51$2,002,713$909,478$695,645$2,018,375
52$2,145,035$892,088$656,995$2,149,144
53$2,299,923$871,895$615,099$2,291,382
54$2,468,597$848,699$569,786$2,446,219
55$2,652,399$822,291$520,879$2,614,900
56$2,852,807$792,446$468,192$2,798,795
57$3,071,447$758,930$411,530$2,999,417
58$3,310,110$721,493$350,691$3,218,429
59$3,570,765$679,870$285,464$3,457,664
60$3,855,583$633,783$215,626$3,719,143
61$4,166,951$582,937$140,948$4,005,091
62$4,507,499$527,020$61,189$4,317,962
63$4,880,121$465,701$0$4,660,457
64$5,288,006$398,633$0$5,037,597
65$5,734,663$325,447$0$5,456,327
66$6,223,959$245,754$0$5,915,058
67$6,760,150$159,144$0$6,417,798
68$7,347,926$65,182$0$6,968,964
69$7,992,449$0$0$7,573,420
70$8,699,407$0$0$8,238,942
71$9,475,064$0$0$8,973,869
72$10,326,321$0$0$9,780,438
73$11,260,776$0$0$10,665,851
74$12,286,803$0$0$11,638,041
75$13,413,624$0$0$12,705,750
76$14,651,398$0$0$13,878,605
77$16,011,316$0$0$15,167,212
78$17,505,709$0$0$16,583,256
79$19,148,159$0$0$18,139,610
80$20,953,630$0$0$19,850,456
81$22,938,609$0$0$21,731,416
82$25,121,258$0$0$23,799,706
83$27,521,589$0$0$26,074,289
84$30,161,649$0$0$28,576,060
85$33,065,731$0$0$31,328,041
86$36,260,598$0$0$34,355,597
87$39,775,740$0$0$37,686,674
88$43,643,648$0$0$41,352,066
89$47,900,122$0$0$45,385,700
90$52,584,609$0$0$49,824,960
91$57,740,571$0$0$54,711,037
92$63,415,900$0$0$60,089,318
93$69,663,365$0$0$66,009,813
94$76,541,111$0$0$72,527,627
95$84,113,208$0$0$79,703,479
96$92,450,254$0$0$87,604,276
97$101,630,039$0$0$96,303,743
98$111,738,283$0$0$105,883,116
99$122,869,440$0$0$116,431,911
100$135,127,591$0$0$128,048,768