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%11.8%
1 years$75,477$74,805$74,149$73,509$72,884$72,333
2 years$37,365$36,669$35,995$35,341$34,706$34,152
3 years$24,663$23,964$23,291$22,643$22,019$21,477
4 years$18,313$17,616$16,950$16,313$15,704$15,179
5 years$14,504$13,811$13,154$12,530$11,938$11,431
6 years$11,965$11,278$10,630$10,020$9,446$8,958
7 years$10,153$9,471$8,834$8,238$7,682$7,214
8 years$8,794$8,118$7,492$6,911$6,373$5,924
9 years$7,738$7,069$6,453$5,887$5,367$4,937
10 years$6,893$6,231$5,626$5,074$4,573$4,162
11 years$6,203$5,547$4,953$4,416$3,933$3,540
12 years$5,628$4,978$4,395$3,874$3,408$3,034
13 years$5,141$4,499$3,927$3,420$2,972$2,616
14 years$4,725$4,090$3,528$3,036$2,605$2,266
15 years$4,365$3,736$3,186$2,707$2,294$1,972
16 years$4,049$3,428$2,888$2,424$2,027$1,722
17 years$3,772$3,157$2,628$2,178$1,798$1,508
18 years$3,525$2,917$2,399$1,963$1,598$1,324
19 years$3,305$2,703$2,196$1,774$1,425$1,165
20 years$3,106$2,512$2,016$1,606$1,273$1,027
21 years$2,927$2,340$1,854$1,458$1,139$907
22 years$2,765$2,184$1,709$1,326$1,021$803
23 years$2,617$2,043$1,578$1,207$916$711
24 years$2,481$1,914$1,459$1,101$824$630
25 years$2,356$1,796$1,351$1,006$741$559
26 years$2,242$1,688$1,253$919$668$497
27 years$2,135$1,589$1,164$842$602$442
28 years$2,037$1,497$1,082$771$543$393
29 years$1,946$1,412$1,007$707$490$350
30 years$1,861$1,334$938$649$443$312
31 years$1,781$1,261$874$596$401$278
32 years$1,707$1,193$816$548$362$247
33 years$1,637$1,130$762$504$328$221
34 years$1,571$1,071$712$463$297$197
35 years$1,510$1,016$665$427$269$176
36 years$1,452$964$622$393$244$157
37 years$1,397$916$583$362$221$140
38 years$1,345$870$546$334$200$125
39 years$1,296$827$511$308$182$112
40 years$1,250$787$479$284$165$100
41 years$1,206$749$449$262$149$89
42 years$1,164$714$421$242$136$80
43 years$1,124$680$395$223$123$71
44 years$1,086$648$371$206$112$64
45 years$1,050$618$349$190$101$57
46 years$1,015$590$327$176$92$51
47 years$983$563$308$162$84$45
48 years$951$537$289$150$76$41
49 years$921$513$272$139$69$36
50 years$892$490$255$128$63$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $914,000, adding $2,853 every year, while hoping to spend $39,376 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: 52/19/29 Blend
39$914,000$914,000$914,000$914,000
40$1,010,171$961,729$947,562$1,054,337
41$1,071,313$966,958$937,409$1,090,604
42$1,137,371$971,123$925,597$1,125,843
43$1,208,806$974,132$912,028$1,163,409
44$1,286,123$975,883$896,600$1,203,541
45$1,369,879$976,272$879,207$1,246,505
46$1,460,683$975,186$859,737$1,292,596
47$1,559,208$972,506$838,074$1,342,139
48$1,666,193$968,104$814,095$1,395,496
49$1,782,451$961,848$787,673$1,453,069
50$1,908,876$953,593$758,675$1,515,301
51$2,046,452$943,189$726,961$1,582,684
52$2,196,260$930,476$692,385$1,655,763
53$2,359,493$915,284$654,794$1,735,141
54$2,537,461$897,433$614,029$1,821,486
55$2,731,607$876,731$569,924$1,915,537
56$2,943,518$852,979$522,304$2,018,111
57$3,174,943$825,960$470,987$2,130,112
58$3,427,805$795,451$415,783$2,252,542
59$3,704,223$761,210$356,494$2,386,508
60$4,006,530$722,985$292,913$2,533,233
61$4,337,293$680,508$224,822$2,694,071
62$4,699,340$633,496$151,996$2,870,518
63$5,095,784$581,649$74,200$3,064,229
64$5,530,055$524,651$0$3,277,031
65$6,005,928$462,166$0$3,513,674
66$6,527,562$393,842$0$3,798,341
67$7,099,537$319,304$0$4,110,598
68$7,726,898$238,158$0$4,453,254
69$8,415,201$149,987$0$4,829,412
70$9,170,565$54,350$0$5,242,489
71$9,999,733$0$0$5,696,254
72$10,910,130$0$0$6,205,156
73$11,909,935$0$0$6,776,611
74$13,008,160$0$0$7,404,418
75$14,214,732$0$0$8,094,263
76$15,540,586$0$0$8,852,413
77$16,997,769$0$0$9,685,769
78$18,599,554$0$0$10,601,935
79$20,360,564$0$0$11,609,289
80$22,296,908$0$0$12,717,061
81$24,426,336$0$0$13,935,419
82$26,768,402$0$0$15,275,569
83$29,344,652$0$0$16,749,854
84$32,178,825$0$0$18,371,875
85$35,297,076$0$0$20,156,619
86$38,728,222$0$0$22,120,598
87$42,504,017$0$0$24,282,004
88$46,659,447$0$0$26,660,885
89$51,233,061$0$0$29,279,329
90$56,267,336$0$0$32,161,673
91$61,809,075$0$0$35,334,735
92$67,909,850$0$0$38,828,066
93$74,626,485$0$0$42,674,227
94$82,021,596$0$0$46,909,095
95$90,164,180$0$0$51,572,205
96$99,130,263$0$0$56,707,122
97$109,003,621$0$0$62,361,849
98$119,876,567$0$0$68,589,282
99$131,850,822$0$0$75,447,708
100$145,038,477$0$0$83,001,358