Can I retire at age 40 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$75,560$74,887$74,230$73,589$72,963$71,286
2 years$37,406$36,709$36,034$35,379$34,744$33,064
3 years$24,690$23,990$23,316$22,668$22,043$20,412
4 years$18,333$17,635$16,968$16,331$15,721$14,152
5 years$14,519$13,826$13,168$12,544$11,951$10,448
6 years$11,978$11,290$10,642$10,031$9,457$8,021
7 years$10,164$9,481$8,843$8,247$7,691$6,323
8 years$8,803$8,127$7,500$6,918$6,380$5,080
9 years$7,746$7,076$6,460$5,893$5,373$4,139
10 years$6,901$6,237$5,632$5,080$4,578$3,410
11 years$6,209$5,553$4,958$4,421$3,937$2,832
12 years$5,634$4,984$4,400$3,878$3,412$2,369
13 years$5,147$4,504$3,931$3,424$2,975$1,992
14 years$4,730$4,094$3,532$3,039$2,608$1,682
15 years$4,369$3,740$3,189$2,710$2,296$1,426
16 years$4,054$3,431$2,891$2,427$2,030$1,213
17 years$3,776$3,160$2,631$2,180$1,800$1,034
18 years$3,529$2,920$2,402$1,965$1,600$883
19 years$3,308$2,706$2,199$1,776$1,426$756
20 years$3,110$2,515$2,018$1,608$1,274$648
21 years$2,931$2,342$1,856$1,459$1,140$556
22 years$2,768$2,187$1,711$1,327$1,022$478
23 years$2,620$2,045$1,580$1,208$917$411
24 years$2,484$1,916$1,461$1,102$824$354
25 years$2,359$1,798$1,353$1,007$742$305
26 years$2,244$1,690$1,255$920$668$263
27 years$2,138$1,590$1,165$842$603$226
28 years$2,039$1,499$1,083$772$544$195
29 years$1,948$1,414$1,008$708$491$169
30 years$1,863$1,335$939$650$444$146
31 years$1,783$1,262$875$597$401$126
32 years$1,708$1,194$817$548$363$109
33 years$1,639$1,131$763$504$328$94
34 years$1,573$1,072$712$464$297$81
35 years$1,511$1,017$666$427$269$70
36 years$1,453$965$623$393$244$61
37 years$1,398$917$583$362$221$52
38 years$1,347$871$546$334$200$45
39 years$1,297$828$512$308$182$39
40 years$1,251$788$480$284$165$34
41 years$1,207$750$450$262$150$29
42 years$1,165$714$422$242$136$25
43 years$1,125$681$396$223$123$22
44 years$1,087$649$372$206$112$19
45 years$1,051$619$349$190$101$16
46 years$1,017$590$328$176$92$14
47 years$984$563$308$162$84$12
48 years$952$538$289$150$76$11
49 years$922$514$272$139$69$9
50 years$893$491$256$128$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $915,000, adding $2,502 every year, while hoping to spend $46,120 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: 81/6/13 Blend
39$915,000$915,000$915,000$915,000
40$1,010,911$962,416$948,233$1,090,101
41$1,064,952$960,503$930,928$1,140,539
42$1,122,960$956,950$911,497$1,189,623
43$1,185,291$951,630$889,820$1,242,156
44$1,252,334$944,403$865,773$1,298,463
45$1,324,520$935,126$839,224$1,358,899
46$1,402,318$923,645$810,035$1,423,856
47$1,486,247$909,796$778,064$1,493,768
48$1,576,875$893,406$743,160$1,569,111
49$1,674,826$874,293$705,166$1,650,409
50$1,780,788$852,263$663,918$1,738,242
51$1,895,513$827,109$619,244$1,833,247
52$2,019,833$798,615$570,967$1,936,127
53$2,154,660$766,551$518,898$2,047,657
54$2,300,996$730,673$462,842$2,168,692
55$2,459,945$690,723$402,594$2,300,172
56$2,632,721$646,430$337,943$2,443,136
57$2,820,658$597,505$268,663$2,598,727
58$3,025,227$543,644$194,525$2,768,206
59$3,248,042$484,524$115,283$2,952,963
60$3,490,883$419,807$30,686$3,154,531
61$3,755,707$349,132$0$3,374,600
62$4,044,669$272,119$0$3,623,297
63$4,360,141$188,368$0$3,899,490
64$4,704,732$97,455$0$4,201,222
65$5,081,318$0$0$4,531,028
66$5,493,061$0$0$4,891,775
67$5,943,446$0$0$5,293,437
68$6,436,307$0$0$5,733,003
69$6,975,870$0$0$6,214,244
70$7,566,784$0$0$6,741,310
71$8,214,172$0$0$7,318,773
72$8,923,674$0$0$7,951,668
73$9,701,502$0$0$8,645,539
74$10,554,499$0$0$9,406,493
75$11,490,200$0$0$10,241,257
76$12,516,905$0$0$11,157,238
77$13,643,758$0$0$12,162,598
78$14,880,828$0$0$13,266,324
79$16,239,210$0$0$14,478,320
80$17,731,124$0$0$15,809,493
81$19,370,031$0$0$17,271,859
82$21,170,763$0$0$18,878,654
83$23,149,657$0$0$20,644,462
84$25,324,711$0$0$22,585,348
85$27,715,755$0$0$24,719,012
86$30,344,636$0$0$27,064,954
87$33,235,421$0$0$29,644,656
88$36,414,628$0$0$32,481,789
89$39,911,474$0$0$35,602,431
90$43,758,150$0$0$39,035,315
91$47,990,120$0$0$42,812,098
92$52,646,464$0$0$46,967,661
93$57,770,238$0$0$51,540,436
94$63,408,882$0$0$56,572,770
95$69,614,669$0$0$62,111,321
96$76,445,196$0$0$68,207,500
97$83,963,927$0$0$74,917,956
98$92,240,790$0$0$82,305,107
99$101,352,838$0$0$90,437,730
100$111,384,974$0$0$99,391,613