Can I retire at age 40 with 915,000?

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 $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%12.2%
1 years$75,560$74,887$74,230$73,589$72,963$72,292
2 years$37,406$36,709$36,034$35,379$34,744$34,068
3 years$24,690$23,990$23,316$22,668$22,043$21,382
4 years$18,333$17,635$16,968$16,331$15,721$15,082
5 years$14,519$13,826$13,168$12,544$11,951$11,334
6 years$11,978$11,290$10,642$10,031$9,457$8,863
7 years$10,164$9,481$8,843$8,247$7,691$7,121
8 years$8,803$8,127$7,500$6,918$6,380$5,835
9 years$7,746$7,076$6,460$5,893$5,373$4,851
10 years$6,901$6,237$5,632$5,080$4,578$4,080
11 years$6,209$5,553$4,958$4,421$3,937$3,462
12 years$5,634$4,984$4,400$3,878$3,412$2,959
13 years$5,147$4,504$3,931$3,424$2,975$2,545
14 years$4,730$4,094$3,532$3,039$2,608$2,199
15 years$4,369$3,740$3,189$2,710$2,296$1,908
16 years$4,054$3,431$2,891$2,427$2,030$1,662
17 years$3,776$3,160$2,631$2,180$1,800$1,451
18 years$3,529$2,920$2,402$1,965$1,600$1,271
19 years$3,308$2,706$2,199$1,776$1,426$1,115
20 years$3,110$2,515$2,018$1,608$1,274$980
21 years$2,931$2,342$1,856$1,459$1,140$863
22 years$2,768$2,187$1,711$1,327$1,022$761
23 years$2,620$2,045$1,580$1,208$917$672
24 years$2,484$1,916$1,461$1,102$824$594
25 years$2,359$1,798$1,353$1,007$742$526
26 years$2,244$1,690$1,255$920$668$466
27 years$2,138$1,590$1,165$842$603$413
28 years$2,039$1,499$1,083$772$544$366
29 years$1,948$1,414$1,008$708$491$325
30 years$1,863$1,335$939$650$444$288
31 years$1,783$1,262$875$597$401$256
32 years$1,708$1,194$817$548$363$227
33 years$1,639$1,131$763$504$328$202
34 years$1,573$1,072$712$464$297$180
35 years$1,511$1,017$666$427$269$160
36 years$1,453$965$623$393$244$142
37 years$1,398$917$583$362$221$126
38 years$1,347$871$546$334$200$113
39 years$1,297$828$512$308$182$100
40 years$1,251$788$480$284$165$89
41 years$1,207$750$450$262$150$79
42 years$1,165$714$422$242$136$71
43 years$1,125$681$396$223$123$63
44 years$1,087$649$372$206$112$56
45 years$1,051$619$349$190$101$50
46 years$1,017$590$328$176$92$44
47 years$984$563$308$162$84$40
48 years$952$538$289$150$76$35
49 years$922$514$272$139$69$31
50 years$893$491$256$128$63$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $915,000, adding $3,626 every year, while hoping to spend $48,849 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: 38/50/12 Blend
39$915,000$915,000$915,000$915,000
40$1,012,070$963,575$949,393$1,046,702
41$1,063,326$958,815$929,222$1,066,916
42$1,118,174$952,185$906,739$1,083,728
43$1,176,926$943,541$881,814$1,100,820
44$1,239,930$932,732$854,312$1,118,241
45$1,307,563$919,596$824,092$1,136,046
46$1,380,241$903,963$791,005$1,154,302
47$1,458,421$885,652$754,899$1,173,087
48$1,542,602$864,472$715,611$1,192,491
49$1,633,337$840,220$672,973$1,212,615
50$1,731,227$812,681$626,808$1,233,579
51$1,836,939$781,628$576,932$1,255,520
52$1,951,200$746,822$523,152$1,278,592
53$2,074,813$708,007$465,269$1,302,974
54$2,208,659$664,914$403,071$1,328,868
55$2,353,707$617,260$336,339$1,356,502
56$2,511,023$564,744$264,844$1,386,138
57$2,681,778$507,047$188,347$1,418,070
58$2,867,261$443,834$106,598$1,452,630
59$3,068,890$374,749$19,336$1,490,193
60$3,288,223$299,418$0$1,531,183
61$3,526,977$217,445$0$1,585,523
62$3,787,039$128,411$0$1,647,555
63$4,070,488$31,873$0$1,715,440
64$4,379,609$0$0$1,789,890
65$4,716,919$0$0$1,911,664
66$5,085,189$0$0$2,063,877
67$5,487,467$0$0$2,230,269
68$5,927,111$0$0$2,412,243
69$6,407,816$0$0$2,611,344
70$6,933,651$0$0$2,829,275
71$7,509,097$0$0$3,067,910
72$8,139,087$0$0$3,329,311
73$8,829,054$0$0$3,615,753
74$9,584,980$0$0$3,929,738
75$10,413,456$0$0$4,274,022
76$11,321,736$0$0$4,651,642
77$12,317,813$0$0$5,065,941
78$13,410,489$0$0$5,520,604
79$14,609,461$0$0$6,019,687
80$15,925,407$0$0$6,567,661
81$17,370,093$0$0$7,169,447
82$18,956,475$0$0$7,830,471
83$20,698,829$0$0$8,556,705
84$22,612,881$0$0$9,354,732
85$24,715,953$0$0$10,231,804
86$27,027,129$0$0$11,195,907
87$29,567,436$0$0$12,255,844
88$32,360,035$0$0$13,421,310
89$35,430,447$0$0$14,702,987
90$38,806,785$0$0$16,112,646
91$42,520,026$0$0$17,663,253
92$46,604,299$0$0$19,369,097
93$51,097,206$0$0$21,245,918
94$56,040,176$0$0$23,311,063
95$61,478,857$0$0$25,583,641
96$67,463,545$0$0$28,084,709
97$74,049,658$0$0$30,837,470
98$81,298,256$0$0$33,867,489
99$89,276,620$0$0$37,202,934
100$98,058,885$0$0$40,874,845