Can I retire at age 40 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$75,477$74,805$74,149$73,509$72,884$71,296
2 years$37,365$36,669$35,995$35,341$34,706$33,115
3 years$24,663$23,964$23,291$22,643$22,019$20,473
4 years$18,313$17,616$16,950$16,313$15,704$14,216
5 years$14,504$13,811$13,154$12,530$11,938$10,512
6 years$11,965$11,278$10,630$10,020$9,446$8,083
7 years$10,153$9,471$8,834$8,238$7,682$6,383
8 years$8,794$8,118$7,492$6,911$6,373$5,137
9 years$7,738$7,069$6,453$5,887$5,367$4,193
10 years$6,893$6,231$5,626$5,074$4,573$3,460
11 years$6,203$5,547$4,953$4,416$3,933$2,880
12 years$5,628$4,978$4,395$3,874$3,408$2,413
13 years$5,141$4,499$3,927$3,420$2,972$2,033
14 years$4,725$4,090$3,528$3,036$2,605$1,721
15 years$4,365$3,736$3,186$2,707$2,294$1,462
16 years$4,049$3,428$2,888$2,424$2,027$1,246
17 years$3,772$3,157$2,628$2,178$1,798$1,064
18 years$3,525$2,917$2,399$1,963$1,598$911
19 years$3,305$2,703$2,196$1,774$1,425$782
20 years$3,106$2,512$2,016$1,606$1,273$672
21 years$2,927$2,340$1,854$1,458$1,139$578
22 years$2,765$2,184$1,709$1,326$1,021$498
23 years$2,617$2,043$1,578$1,207$916$429
24 years$2,481$1,914$1,459$1,101$824$370
25 years$2,356$1,796$1,351$1,006$741$320
26 years$2,242$1,688$1,253$919$668$276
27 years$2,135$1,589$1,164$842$602$239
28 years$2,037$1,497$1,082$771$543$206
29 years$1,946$1,412$1,007$707$490$179
30 years$1,861$1,334$938$649$443$155
31 years$1,781$1,261$874$596$401$134
32 years$1,707$1,193$816$548$362$116
33 years$1,637$1,130$762$504$328$100
34 years$1,571$1,071$712$463$297$87
35 years$1,510$1,016$665$427$269$75
36 years$1,452$964$622$393$244$65
37 years$1,397$916$583$362$221$57
38 years$1,345$870$546$334$200$49
39 years$1,296$827$511$308$182$42
40 years$1,250$787$479$284$165$37
41 years$1,206$749$449$262$149$32
42 years$1,164$714$421$242$136$28
43 years$1,124$680$395$223$123$24
44 years$1,086$648$371$206$112$21
45 years$1,050$618$349$190$101$18
46 years$1,015$590$327$176$92$16
47 years$983$563$308$162$84$14
48 years$951$537$289$150$76$12
49 years$921$513$272$139$69$10
50 years$892$490$255$128$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $914,000, adding $5,473 every year, while hoping to spend $39,401 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: 47/36/17 Blend
39$914,000$914,000$914,000$914,000
40$1,012,873$964,431$950,264$1,055,370
41$1,074,264$969,766$940,176$1,090,799
42$1,140,596$974,042$928,429$1,124,800
43$1,212,332$977,165$914,926$1,160,859
44$1,289,980$979,036$899,566$1,199,184
45$1,374,098$979,549$882,242$1,240,005
46$1,465,302$978,593$862,843$1,283,580
47$1,564,266$976,047$841,252$1,330,193
48$1,671,734$971,786$817,346$1,380,159
49$1,788,523$965,676$791,000$1,433,830
50$1,915,532$957,574$762,078$1,491,592
51$2,053,750$947,329$730,441$1,553,878
52$2,204,266$934,781$695,944$1,621,165
53$2,368,277$919,761$658,434$1,693,983
54$2,547,101$902,089$617,752$1,772,918
55$2,742,189$881,575$573,730$1,858,622
56$2,955,137$858,017$526,195$1,951,813
57$3,187,703$831,202$474,964$2,053,291
58$3,441,822$800,904$419,849$2,163,939
59$3,719,624$766,885$360,650$2,284,734
60$4,023,453$728,890$297,159$2,416,761
61$4,355,893$686,653$229,162$2,561,217
62$4,719,786$639,891$156,430$2,719,430
63$5,118,263$588,305$78,730$2,892,865
64$5,554,773$531,578$0$3,083,146
65$6,033,111$469,377$0$3,292,830
66$6,557,460$401,348$0$3,538,431
67$7,132,425$327,118$0$3,807,897
68$7,763,079$246,294$0$4,103,706
69$8,455,009$158,458$0$4,428,595
70$9,214,368$63,171$0$4,785,585
71$10,047,937$0$0$5,178,011
72$10,963,180$0$0$5,625,414
73$11,968,325$0$0$6,144,354
74$13,072,432$0$0$6,714,497
75$14,285,483$0$0$7,341,013
76$15,618,475$0$0$8,029,596
77$17,083,521$0$0$8,786,517
78$18,693,969$0$0$9,618,688
79$20,464,523$0$0$10,533,724
80$22,411,382$0$0$11,540,011
81$24,552,394$0$0$12,646,793
82$26,907,223$0$0$13,864,252
83$29,497,536$0$0$15,203,608
84$32,347,202$0$0$16,677,222
85$35,482,523$0$0$18,298,715
86$38,932,477$0$0$20,083,093
87$42,728,996$0$0$22,046,891
88$46,907,259$0$0$24,208,329
89$51,506,032$0$0$26,587,483
90$56,568,029$0$0$29,206,473
91$62,140,313$0$0$32,089,672
92$68,274,744$0$0$35,263,938
93$75,028,465$0$0$38,758,864
94$82,464,440$0$0$42,607,060
95$90,652,052$0$0$46,844,458
96$99,667,752$0$0$51,510,652
97$109,595,783$0$0$56,649,271
98$120,528,973$0$0$62,308,392
99$132,569,614$0$0$68,540,993
100$145,830,420$0$0$75,405,448