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%12.9%
1 years$75,395$74,723$74,068$73,428$72,804$71,924
2 years$37,324$36,629$35,955$35,302$34,669$33,783
3 years$24,636$23,937$23,265$22,618$21,995$21,131
4 years$18,293$17,597$16,931$16,295$15,687$14,852
5 years$14,488$13,796$13,139$12,516$11,925$11,121
6 years$11,952$11,265$10,619$10,009$9,436$8,664
7 years$10,141$9,461$8,824$8,229$7,674$6,934
8 years$8,784$8,110$7,484$6,903$6,366$5,659
9 years$7,729$7,061$6,446$5,880$5,361$4,685
10 years$6,886$6,224$5,619$5,069$4,568$3,924
11 years$6,196$5,541$4,947$4,411$3,929$3,315
12 years$5,621$4,973$4,391$3,869$3,405$2,821
13 years$5,136$4,494$3,923$3,416$2,969$2,415
14 years$4,720$4,085$3,525$3,032$2,602$2,077
15 years$4,360$3,732$3,182$2,704$2,291$1,794
16 years$4,045$3,424$2,885$2,421$2,025$1,555
17 years$3,767$3,153$2,625$2,176$1,796$1,351
18 years$3,521$2,914$2,397$1,961$1,597$1,177
19 years$3,301$2,700$2,194$1,772$1,423$1,028
20 years$3,103$2,509$2,014$1,605$1,271$899
21 years$2,924$2,337$1,852$1,456$1,138$788
22 years$2,762$2,182$1,707$1,324$1,020$691
23 years$2,614$2,041$1,576$1,206$915$607
24 years$2,478$1,912$1,458$1,100$823$533
25 years$2,354$1,794$1,350$1,004$740$469
26 years$2,239$1,686$1,252$918$667$413
27 years$2,133$1,587$1,163$841$601$364
28 years$2,035$1,495$1,081$770$542$321
29 years$1,944$1,411$1,006$706$490$283
30 years$1,858$1,332$937$648$443$250
31 years$1,779$1,259$873$595$400$221
32 years$1,705$1,192$815$547$362$195
33 years$1,635$1,129$761$503$328$172
34 years$1,570$1,070$711$463$297$152
35 years$1,508$1,015$665$426$269$135
36 years$1,450$963$622$392$243$119
37 years$1,395$915$582$362$221$105
38 years$1,344$869$545$333$200$93
39 years$1,295$826$511$307$181$82
40 years$1,248$786$479$283$164$73
41 years$1,204$749$449$262$149$65
42 years$1,162$713$421$241$135$57
43 years$1,123$679$395$223$123$51
44 years$1,085$647$371$206$112$45
45 years$1,049$617$348$190$101$40
46 years$1,014$589$327$175$92$35
47 years$981$562$307$162$83$31
48 years$950$537$289$150$76$28
49 years$920$512$271$138$69$24
50 years$891$489$255$128$63$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $913,000, adding $3,425 every year, while hoping to spend $20,593 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: 58/30/12 Blend
39$913,000$913,000$913,000$913,000
40$1,009,659$961,270$947,118$1,065,032
41$1,090,733$986,461$956,936$1,127,978
42$1,179,387$1,012,197$966,392$1,193,968
43$1,276,372$1,038,482$975,454$1,265,407
44$1,382,514$1,065,320$984,084$1,342,823
45$1,498,726$1,092,716$992,246$1,426,794
46$1,626,010$1,120,673$999,900$1,517,957
47$1,765,471$1,149,194$1,007,005$1,617,014
48$1,918,326$1,178,281$1,013,516$1,724,738
49$2,085,914$1,207,936$1,019,388$1,841,981
50$2,269,711$1,238,159$1,024,572$1,969,681
51$2,471,344$1,268,951$1,029,017$2,108,869
52$2,692,602$1,300,310$1,032,670$2,260,683
53$2,935,458$1,332,236$1,035,475$2,426,377
54$3,202,083$1,364,724$1,037,372$2,607,331
55$3,494,871$1,397,771$1,038,300$2,805,065
56$3,816,459$1,431,372$1,038,193$3,021,255
57$4,169,749$1,465,521$1,036,984$3,257,746
58$4,557,941$1,500,209$1,034,601$3,516,572
59$4,984,559$1,535,428$1,030,968$3,799,973
60$5,453,486$1,571,166$1,026,008$4,110,418
61$5,969,000$1,607,411$1,019,637$4,450,627
62$6,535,812$1,644,149$1,011,769$4,823,596
63$7,159,116$1,681,363$1,002,314$5,232,629
64$7,844,631$1,719,035$991,177$5,681,363
65$8,598,660$1,757,144$978,258$6,173,809
66$9,428,148$1,795,668$963,454$6,714,384
67$10,340,744$1,834,581$946,655$7,307,959
68$11,344,879$1,873,855$927,747$7,959,897
69$12,449,842$1,913,459$906,611$8,676,111
70$13,665,866$1,953,359$883,123$9,463,116
71$15,004,227$1,993,517$857,151$10,328,092
72$16,477,352$2,033,892$828,559$11,278,951
73$18,098,930$2,074,441$797,204$12,324,412
74$19,884,047$2,115,115$762,937$13,474,083
75$21,849,326$2,155,862$725,601$14,738,552
76$24,013,082$2,196,623$685,033$16,129,489
77$26,395,497$2,237,339$641,062$17,659,752
78$29,018,810$2,277,941$593,511$19,343,514
79$31,907,527$2,318,359$542,192$21,196,391
80$35,088,651$2,358,514$486,911$23,235,593
81$38,591,936$2,398,323$427,465$25,480,088
82$42,450,169$2,437,697$363,641$27,950,778
83$46,699,480$2,476,539$295,217$30,670,697
84$51,379,682$2,514,744$221,962$33,665,231
85$56,534,646$2,552,203$143,634$36,962,355
86$62,212,715$2,588,795$59,980$40,592,901
87$68,467,160$2,624,394$0$44,590,844
88$75,356,683$2,658,863$0$48,997,379
89$82,945,974$2,692,056$0$53,858,459
90$91,306,313$2,723,817$0$59,211,907
91$100,516,252$2,753,979$0$65,107,878
92$110,662,351$2,782,365$0$71,601,642
93$121,839,996$2,808,786$0$78,754,105
94$134,154,298$2,833,039$0$86,632,387
95$147,721,087$2,854,908$0$95,310,454
96$162,668,005$2,874,166$0$104,869,816
97$179,135,709$2,890,567$0$115,400,300
98$197,279,198$2,903,853$0$127,000,893
99$217,269,281$2,913,746$0$139,780,681
100$239,294,182$2,919,953$0$153,859,877