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%19.9%
1 years$75,312$74,641$73,987$73,348$72,724$69,839
2 years$37,283$36,589$35,916$35,263$34,631$31,759
3 years$24,609$23,911$23,240$22,594$21,971$19,204
4 years$18,273$17,577$16,913$16,277$15,670$13,029
5 years$14,472$13,781$13,125$12,503$11,912$9,403
6 years$11,939$11,253$10,607$9,998$9,426$7,051
7 years$10,130$9,450$8,814$8,220$7,666$5,424
8 years$8,775$8,101$7,475$6,896$6,359$4,249
9 years$7,721$7,053$6,438$5,874$5,355$3,372
10 years$6,878$6,217$5,613$5,063$4,563$2,704
11 years$6,189$5,535$4,942$4,406$3,924$2,184
12 years$5,615$4,968$4,386$3,865$3,401$1,776
13 years$5,130$4,489$3,918$3,412$2,966$1,450
14 years$4,715$4,081$3,521$3,029$2,600$1,189
15 years$4,355$3,728$3,179$2,701$2,289$978
16 years$4,041$3,420$2,882$2,419$2,023$806
17 years$3,763$3,150$2,622$2,173$1,794$666
18 years$3,517$2,911$2,394$1,959$1,595$551
19 years$3,297$2,697$2,192$1,770$1,422$456
20 years$3,100$2,507$2,011$1,603$1,270$379
21 years$2,921$2,335$1,850$1,455$1,136$314
22 years$2,759$2,179$1,705$1,323$1,019$261
23 years$2,611$2,038$1,574$1,205$914$217
24 years$2,476$1,910$1,456$1,099$822$181
25 years$2,351$1,792$1,349$1,003$739$150
26 years$2,237$1,684$1,251$917$666$125
27 years$2,131$1,585$1,161$840$601$104
28 years$2,033$1,494$1,080$769$542$87
29 years$1,941$1,409$1,005$705$489$72
30 years$1,856$1,331$936$647$442$60
31 years$1,777$1,258$872$595$400$50
32 years$1,703$1,190$814$547$362$42
33 years$1,633$1,127$760$503$327$35
34 years$1,568$1,068$710$462$296$29
35 years$1,506$1,013$664$426$268$24
36 years$1,448$962$621$392$243$20
37 years$1,394$914$581$361$220$17
38 years$1,342$868$544$333$200$14
39 years$1,293$826$510$307$181$12
40 years$1,247$785$478$283$164$10
41 years$1,203$748$448$261$149$8
42 years$1,161$712$420$241$135$7
43 years$1,121$678$395$223$123$6
44 years$1,084$647$370$205$111$5
45 years$1,048$617$348$190$101$4
46 years$1,013$588$327$175$92$3
47 years$980$561$307$162$83$3
48 years$949$536$288$150$76$2
49 years$919$512$271$138$69$2
50 years$890$489$255$128$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $912,000, adding $2,159 every year, while hoping to spend $39,382 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: 48/25/27 Blend
39$912,000$912,000$912,000$912,000
40$1,007,251$958,915$944,779$1,047,750
41$1,068,088$964,000$934,527$1,081,504
42$1,133,811$968,014$922,612$1,114,089
43$1,204,877$970,863$908,935$1,148,706
44$1,281,786$972,447$893,397$1,185,567
45$1,365,092$972,660$875,889$1,224,904
46$1,455,400$971,390$856,301$1,266,980
47$1,553,379$968,516$834,515$1,312,082
48$1,659,762$963,911$810,409$1,360,531
49$1,775,355$957,441$783,856$1,412,685
50$1,901,048$948,962$754,721$1,468,936
51$2,037,817$938,323$722,866$1,529,725
52$2,186,735$925,362$688,143$1,595,536
53$2,348,988$909,910$650,401$1,666,907
54$2,525,874$891,786$609,480$1,744,435
55$2,718,828$870,798$565,212$1,828,782
56$2,929,426$846,744$517,424$1,920,680
57$3,159,403$819,410$465,933$2,020,940
58$3,410,669$788,568$410,549$2,130,459
59$3,685,329$753,979$351,074$2,250,233
60$3,985,697$715,389$287,299$2,381,361
61$4,314,323$672,528$219,009$2,525,062
62$4,674,014$625,112$145,976$2,682,683
63$5,067,863$572,842$67,965$2,855,714
64$5,499,272$515,399$0$3,045,805
65$5,971,992$452,448$0$3,259,183
66$6,490,151$383,633$0$3,514,641
67$7,058,296$308,581$0$3,794,887
68$7,681,436$226,894$0$4,102,463
69$8,365,086$138,156$0$4,440,178
70$9,115,323$41,924$0$4,811,130
71$9,938,840$0$0$5,218,736
72$10,843,009$0$0$5,683,895
73$11,835,950$0$0$6,207,496
74$12,926,611$0$0$6,782,734
75$14,124,847$0$0$7,414,823
76$15,441,513$0$0$8,109,502
77$16,888,571$0$0$8,873,097
78$18,479,198$0$0$9,712,576
79$20,227,911$0$0$10,635,617
80$22,150,703$0$0$11,650,676
81$24,265,196$0$0$12,767,074
82$26,590,803$0$0$13,995,078
83$29,148,915$0$0$15,345,999
84$31,963,099$0$0$16,832,303
85$35,059,320$0$0$18,467,721
86$38,466,190$0$0$20,267,385
87$42,215,231$0$0$22,247,967
88$46,341,177$0$0$24,427,838
89$50,882,300$0$0$26,827,240
90$55,880,768$0$0$29,468,474
91$61,383,047$0$0$32,376,118
92$67,440,335$0$0$35,577,250
93$74,109,047$0$0$39,101,708
94$81,451,347$0$0$42,982,372
95$89,535,732$0$0$47,255,471
96$98,437,678$0$0$51,960,926
97$108,240,356$0$0$57,142,728
98$119,035,411$0$0$62,849,349
99$130,923,830$0$0$69,134,205
100$144,016,893$0$0$76,056,155