Can I retire at age 40 with 912,000?

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 $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%17.4%
1 years$75,312$74,641$73,987$73,348$72,724$70,537
2 years$37,283$36,589$35,916$35,263$34,631$32,446
3 years$24,609$23,911$23,240$22,594$21,971$19,857
4 years$18,273$17,577$16,913$16,277$15,670$13,643
5 years$14,472$13,781$13,125$12,503$11,912$9,977
6 years$11,939$11,253$10,607$9,998$9,426$7,585
7 years$10,130$9,450$8,814$8,220$7,666$5,918
8 years$8,775$8,101$7,475$6,896$6,359$4,705
9 years$7,721$7,053$6,438$5,874$5,355$3,792
10 years$6,878$6,217$5,613$5,063$4,563$3,089
11 years$6,189$5,535$4,942$4,406$3,924$2,536
12 years$5,615$4,968$4,386$3,865$3,401$2,096
13 years$5,130$4,489$3,918$3,412$2,966$1,741
14 years$4,715$4,081$3,521$3,029$2,600$1,453
15 years$4,355$3,728$3,179$2,701$2,289$1,216
16 years$4,041$3,420$2,882$2,419$2,023$1,021
17 years$3,763$3,150$2,622$2,173$1,794$859
18 years$3,517$2,911$2,394$1,959$1,595$724
19 years$3,297$2,697$2,192$1,770$1,422$611
20 years$3,100$2,507$2,011$1,603$1,270$517
21 years$2,921$2,335$1,850$1,455$1,136$438
22 years$2,759$2,179$1,705$1,323$1,019$371
23 years$2,611$2,038$1,574$1,205$914$314
24 years$2,476$1,910$1,456$1,099$822$267
25 years$2,351$1,792$1,349$1,003$739$227
26 years$2,237$1,684$1,251$917$666$192
27 years$2,131$1,585$1,161$840$601$164
28 years$2,033$1,494$1,080$769$542$139
29 years$1,941$1,409$1,005$705$489$118
30 years$1,856$1,331$936$647$442$101
31 years$1,777$1,258$872$595$400$86
32 years$1,703$1,190$814$547$362$73
33 years$1,633$1,127$760$503$327$62
34 years$1,568$1,068$710$462$296$53
35 years$1,506$1,013$664$426$268$45
36 years$1,448$962$621$392$243$38
37 years$1,394$914$581$361$220$33
38 years$1,342$868$544$333$200$28
39 years$1,293$826$510$307$181$24
40 years$1,247$785$478$283$164$20
41 years$1,203$748$448$261$149$17
42 years$1,161$712$420$241$135$15
43 years$1,121$678$395$223$123$12
44 years$1,084$647$370$205$111$11
45 years$1,048$617$348$190$101$9
46 years$1,013$588$327$175$92$8
47 years$980$561$307$162$83$7
48 years$949$536$288$150$76$6
49 years$919$512$271$138$69$5
50 years$890$489$255$128$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $912,000, adding $5,514 every year, while hoping to spend $43,056 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: 54/24/22 Blend
39$912,000$912,000$912,000$912,000
40$1,010,712$962,376$948,240$1,058,921
41$1,067,993$963,721$934,194$1,093,975
42$1,129,674$963,689$918,236$1,127,151
43$1,196,158$962,167$900,254$1,162,353
44$1,267,888$959,035$880,134$1,199,789
45$1,345,350$954,165$857,757$1,239,689
46$1,429,081$947,424$832,996$1,282,309
47$1,519,666$938,667$805,720$1,327,933
48$1,617,753$927,743$775,793$1,376,877
49$1,724,052$914,490$743,070$1,429,490
50$1,839,344$898,739$707,402$1,486,160
51$1,964,488$880,308$668,631$1,547,316
52$2,100,429$859,007$626,593$1,613,437
53$2,248,206$834,631$581,118$1,685,051
54$2,408,963$806,968$532,025$1,762,742
55$2,583,957$775,790$479,128$1,847,162
56$2,774,574$740,856$422,231$1,939,027
57$2,982,335$701,912$361,130$2,039,135
58$3,208,917$658,690$295,613$2,148,368
59$3,456,166$610,906$225,455$2,267,700
60$3,726,113$558,258$150,425$2,398,213
61$4,020,993$500,429$70,281$2,541,101
62$4,343,267$437,083$0$2,697,689
63$4,695,645$367,865$0$2,873,017
64$5,081,111$292,400$0$3,082,963
65$5,502,950$210,293$0$3,312,869
66$5,964,778$121,125$0$3,564,779
67$6,470,580$24,454$0$3,840,954
68$7,024,741$0$0$4,143,885
69$7,632,093$0$0$4,497,500
70$8,297,955$0$0$4,892,349
71$9,028,189$0$0$5,325,460
72$9,829,247$0$0$5,800,672
73$10,708,239$0$0$6,322,214
74$11,672,995$0$0$6,894,745
75$12,732,140$0$0$7,523,395
76$13,895,176$0$0$8,213,817
77$15,172,569$0$0$8,972,238
78$16,575,849$0$0$9,805,517
79$18,117,717$0$0$10,721,211
80$19,812,166$0$0$11,727,645
81$21,674,612$0$0$12,833,991
82$23,722,038$0$0$14,050,353
83$25,973,155$0$0$15,387,863
84$28,448,577$0$0$16,858,788
85$31,171,016$0$0$18,476,640
86$34,165,495$0$0$20,256,307
87$37,459,585$0$0$22,214,195
88$41,083,663$0$0$24,368,378
89$45,071,197$0$0$26,738,769
90$49,459,065$0$0$29,347,312
91$54,287,899$0$0$32,218,184
92$59,602,471$0$0$35,378,025
93$65,452,111$0$0$38,856,187
94$71,891,176$0$0$42,685,014
95$78,979,558$0$0$46,900,145
96$86,783,253$0$0$51,540,849
97$95,374,979$0$0$56,650,397
98$104,834,867$0$0$62,276,468
99$115,251,209$0$0$68,471,602
100$126,721,299$0$0$75,293,693