Can I retire at age 40 with 913,000?

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 $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%11.2%
1 years$75,395$74,723$74,068$73,428$72,804$72,436
2 years$37,324$36,629$35,955$35,302$34,669$34,297
3 years$24,636$23,937$23,265$22,618$21,995$21,632
4 years$18,293$17,597$16,931$16,295$15,687$15,335
5 years$14,488$13,796$13,139$12,516$11,925$11,585
6 years$11,952$11,265$10,619$10,009$9,436$9,108
7 years$10,141$9,461$8,824$8,229$7,674$7,359
8 years$8,784$8,110$7,484$6,903$6,366$6,064
9 years$7,729$7,061$6,446$5,880$5,361$5,071
10 years$6,886$6,224$5,619$5,069$4,568$4,290
11 years$6,196$5,541$4,947$4,411$3,929$3,663
12 years$5,621$4,973$4,391$3,869$3,405$3,151
13 years$5,136$4,494$3,923$3,416$2,969$2,727
14 years$4,720$4,085$3,525$3,032$2,602$2,372
15 years$4,360$3,732$3,182$2,704$2,291$2,072
16 years$4,045$3,424$2,885$2,421$2,025$1,817
17 years$3,767$3,153$2,625$2,176$1,796$1,598
18 years$3,521$2,914$2,397$1,961$1,597$1,409
19 years$3,301$2,700$2,194$1,772$1,423$1,245
20 years$3,103$2,509$2,014$1,605$1,271$1,103
21 years$2,924$2,337$1,852$1,456$1,138$978
22 years$2,762$2,182$1,707$1,324$1,020$869
23 years$2,614$2,041$1,576$1,206$915$773
24 years$2,478$1,912$1,458$1,100$823$689
25 years$2,354$1,794$1,350$1,004$740$614
26 years$2,239$1,686$1,252$918$667$548
27 years$2,133$1,587$1,163$841$601$490
28 years$2,035$1,495$1,081$770$542$438
29 years$1,944$1,411$1,006$706$490$391
30 years$1,858$1,332$937$648$443$350
31 years$1,779$1,259$873$595$400$314
32 years$1,705$1,192$815$547$362$281
33 years$1,635$1,129$761$503$328$252
34 years$1,570$1,070$711$463$297$226
35 years$1,508$1,015$665$426$269$202
36 years$1,450$963$622$392$243$182
37 years$1,395$915$582$362$221$163
38 years$1,344$869$545$333$200$146
39 years$1,295$826$511$307$181$131
40 years$1,248$786$479$283$164$118
41 years$1,204$749$449$262$149$106
42 years$1,162$713$421$241$135$95
43 years$1,123$679$395$223$123$85
44 years$1,085$647$371$206$112$77
45 years$1,049$617$348$190$101$69
46 years$1,014$589$327$175$92$62
47 years$981$562$307$162$83$56
48 years$950$537$289$150$76$50
49 years$920$512$271$138$69$45
50 years$891$489$255$128$63$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $913,000, adding $6,271 every year, while hoping to spend $40,255 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: 37/48/15 Blend
39$913,000$913,000$913,000$913,000
40$1,012,595$964,206$950,054$1,045,225
41$1,073,048$968,621$939,050$1,073,660
42$1,138,319$971,903$926,328$1,100,043
43$1,208,856$973,954$911,788$1,127,675
44$1,285,151$974,671$895,325$1,156,688
45$1,367,749$973,941$876,831$1,187,230
46$1,457,244$971,649$856,189$1,219,467
47$1,554,292$967,669$833,280$1,253,586
48$1,659,613$961,868$807,979$1,289,795
49$1,774,001$954,108$780,154$1,328,326
50$1,898,328$944,237$749,668$1,369,437
51$2,033,552$932,100$716,377$1,413,419
52$2,180,730$917,528$680,130$1,460,595
53$2,341,022$900,344$640,772$1,511,324
54$2,515,706$880,361$598,138$1,566,009
55$2,706,189$857,380$552,057$1,625,095
56$2,914,018$831,189$502,348$1,689,080
57$3,140,898$801,567$448,827$1,758,517
58$3,388,703$768,278$391,296$1,834,024
59$3,659,498$731,071$329,552$1,916,283
60$3,955,557$689,684$263,382$2,006,057
61$4,279,382$643,836$192,564$2,104,191
62$4,633,728$593,233$116,864$2,211,623
63$5,021,630$537,563$36,040$2,329,397
64$5,446,428$476,496$0$2,458,669
65$5,911,802$409,683$0$2,608,761
66$6,421,805$336,756$0$2,779,737
67$6,980,898$257,326$0$2,967,447
68$7,593,997$170,982$0$3,173,688
69$8,266,515$77,291$0$3,400,449
70$9,004,415$0$0$3,649,928
71$9,814,264$0$0$3,937,348
72$10,703,296$0$0$4,297,816
73$11,679,482$0$0$4,693,756
74$12,751,598$0$0$5,128,745
75$13,929,315$0$0$5,606,723
76$15,223,287$0$0$6,132,034
77$16,645,250$0$0$6,709,459
78$18,208,132$0$0$7,344,268
79$19,926,177$0$0$8,042,266
80$21,815,079$0$0$8,809,851
81$23,892,127$0$0$9,654,068
82$26,176,368$0$0$10,582,681
83$28,688,790$0$0$11,604,247
84$31,452,516$0$0$12,728,189
85$34,493,022$0$0$13,964,892
86$37,838,379$0$0$15,325,800
87$41,519,515$0$0$16,823,521
88$45,570,508$0$0$18,471,945
89$50,028,907$0$0$20,286,379
90$54,936,083$0$0$22,283,691
91$60,337,625$0$0$24,482,463
92$66,283,762$0$0$26,903,174
93$72,829,845$0$0$29,568,387
94$80,036,859$0$0$32,502,967
95$87,972,008$0$0$35,734,310
96$96,709,341$0$0$39,292,605
97$106,330,454$0$0$43,211,118
98$116,925,258$0$0$47,526,505
99$128,592,828$0$0$52,279,160
100$141,442,339$0$0$57,513,591