Can I retire at age 40 with 913,000?

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 $913,000?

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$75,395$74,723$74,068$73,428$72,804$70,026
2 years$37,324$36,629$35,955$35,302$34,669$31,902
3 years$24,636$23,937$23,265$22,618$21,995$19,328
4 years$18,293$17,597$16,931$16,295$15,687$13,139
5 years$14,488$13,796$13,139$12,516$11,925$9,503
6 years$11,952$11,265$10,619$10,009$9,436$7,141
7 years$10,141$9,461$8,824$8,229$7,674$5,506
8 years$8,784$8,110$7,484$6,903$6,366$4,323
9 years$7,729$7,061$6,446$5,880$5,361$3,440
10 years$6,886$6,224$5,619$5,069$4,568$2,765
11 years$6,196$5,541$4,947$4,411$3,929$2,240
12 years$5,621$4,973$4,391$3,869$3,405$1,825
13 years$5,136$4,494$3,923$3,416$2,969$1,495
14 years$4,720$4,085$3,525$3,032$2,602$1,229
15 years$4,360$3,732$3,182$2,704$2,291$1,014
16 years$4,045$3,424$2,885$2,421$2,025$838
17 years$3,767$3,153$2,625$2,176$1,796$694
18 years$3,521$2,914$2,397$1,961$1,597$576
19 years$3,301$2,700$2,194$1,772$1,423$479
20 years$3,103$2,509$2,014$1,605$1,271$399
21 years$2,924$2,337$1,852$1,456$1,138$332
22 years$2,762$2,182$1,707$1,324$1,020$277
23 years$2,614$2,041$1,576$1,206$915$231
24 years$2,478$1,912$1,458$1,100$823$193
25 years$2,354$1,794$1,350$1,004$740$161
26 years$2,239$1,686$1,252$918$667$134
27 years$2,133$1,587$1,163$841$601$112
28 years$2,035$1,495$1,081$770$542$94
29 years$1,944$1,411$1,006$706$490$78
30 years$1,858$1,332$937$648$443$66
31 years$1,779$1,259$873$595$400$55
32 years$1,705$1,192$815$547$362$46
33 years$1,635$1,129$761$503$328$38
34 years$1,570$1,070$711$463$297$32
35 years$1,508$1,015$665$426$269$27
36 years$1,450$963$622$392$243$22
37 years$1,395$915$582$362$221$19
38 years$1,344$869$545$333$200$16
39 years$1,295$826$511$307$181$13
40 years$1,248$786$479$283$164$11
41 years$1,204$749$449$262$149$9
42 years$1,162$713$421$241$135$8
43 years$1,123$679$395$223$123$6
44 years$1,085$647$371$206$112$5
45 years$1,049$617$348$190$101$5
46 years$1,014$589$327$175$92$4
47 years$981$562$307$162$83$3
48 years$950$537$289$150$76$3
49 years$920$512$271$138$69$2
50 years$891$489$255$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $913,000, adding $3,989 every year, while hoping to spend $49,499 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: 61/23/16 Blend
39$913,000$913,000$913,000$913,000
40$1,010,241$961,852$947,700$1,067,557
41$1,060,619$956,316$926,782$1,101,105
42$1,114,476$948,850$903,503$1,131,789
43$1,172,116$939,307$877,734$1,164,107
44$1,233,870$927,531$849,336$1,198,221
45$1,300,102$913,357$818,166$1,234,313
46$1,371,211$896,611$784,074$1,272,585
47$1,447,637$877,106$746,902$1,313,260
48$1,529,859$854,648$706,487$1,356,587
49$1,618,407$829,028$662,656$1,402,844
50$1,713,861$800,027$615,232$1,452,339
51$1,816,858$767,411$564,025$1,505,411
52$1,928,098$730,935$508,840$1,562,442
53$2,048,351$690,338$449,474$1,623,851
54$2,178,464$645,345$385,711$1,690,105
55$2,319,364$595,664$317,330$1,761,723
56$2,472,076$540,988$244,097$1,839,280
57$2,637,722$480,991$165,769$1,923,411
58$2,817,540$415,330$82,092$2,014,824
59$3,012,888$343,640$0$2,114,301
60$3,225,262$265,538$0$2,223,939
61$3,456,308$180,619$0$2,358,505
62$3,707,836$88,453$0$2,505,084
63$3,981,838$0$0$2,664,904
64$4,280,505$0$0$2,842,211
65$4,606,251$0$0$3,060,075
66$4,961,731$0$0$3,297,891
67$5,349,868$0$0$3,557,623
68$5,773,878$0$0$3,841,434
69$6,237,305$0$0$4,151,702
70$6,744,048$0$0$4,491,049
71$7,298,401$0$0$4,862,359
72$7,905,091$0$0$5,268,810
73$8,569,325$0$0$5,713,899
74$9,296,835$0$0$6,201,478
75$10,093,934$0$0$6,735,791
76$10,967,575$0$0$7,321,509
77$11,925,415$0$0$7,963,778
78$12,975,888$0$0$8,668,267
79$14,128,283$0$0$9,441,217
80$15,392,832$0$0$10,289,504
81$16,780,803$0$0$11,220,703
82$18,304,611$0$0$12,243,158
83$19,977,931$0$0$13,366,057
84$21,815,826$0$0$14,599,527
85$23,834,892$0$0$15,954,719
86$26,053,408$0$0$17,443,922
87$28,491,515$0$0$19,080,671
88$31,171,399$0$0$20,879,878
89$34,117,505$0$0$22,857,973
90$37,356,762$0$0$25,033,057
91$40,918,841$0$0$27,425,072
92$44,836,429$0$0$30,055,989
93$49,145,544$0$0$32,950,017
94$53,885,865$0$0$36,133,829
95$59,101,116$0$0$39,636,810
96$64,839,466$0$0$43,491,342
97$71,153,995$0$0$47,733,101
98$78,103,184$0$0$52,401,396
99$85,751,472$0$0$57,539,543
100$94,169,861$0$0$63,195,266