Can I retire at age 40 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$75,642$74,969$74,311$73,670$73,043$72,130
2 years$37,447$36,749$36,073$35,418$34,782$33,864
3 years$24,717$24,016$23,342$22,693$22,067$21,172
4 years$18,353$17,654$16,987$16,349$15,739$14,873
5 years$14,535$13,841$13,183$12,557$11,964$11,131
6 years$11,991$11,302$10,653$10,042$9,467$8,667
7 years$10,175$9,492$8,853$8,256$7,699$6,933
8 years$8,813$8,136$7,508$6,926$6,387$5,654
9 years$7,755$7,084$6,467$5,899$5,379$4,679
10 years$6,908$6,244$5,638$5,085$4,583$3,916
11 years$6,216$5,559$4,963$4,426$3,942$3,307
12 years$5,640$4,989$4,405$3,882$3,416$2,812
13 years$5,153$4,509$3,936$3,427$2,979$2,406
14 years$4,735$4,098$3,536$3,042$2,611$2,068
15 years$4,374$3,744$3,193$2,713$2,299$1,785
16 years$4,058$3,435$2,895$2,429$2,032$1,545
17 years$3,780$3,164$2,634$2,183$1,802$1,342
18 years$3,533$2,923$2,404$1,967$1,602$1,169
19 years$3,312$2,709$2,201$1,777$1,428$1,020
20 years$3,113$2,518$2,020$1,610$1,275$891
21 years$2,934$2,345$1,858$1,461$1,141$780
22 years$2,771$2,189$1,713$1,328$1,023$684
23 years$2,622$2,047$1,581$1,210$918$600
24 years$2,486$1,918$1,462$1,103$825$527
25 years$2,362$1,800$1,354$1,008$743$464
26 years$2,247$1,692$1,256$921$669$408
27 years$2,140$1,592$1,166$843$603$359
28 years$2,042$1,500$1,084$773$544$316
29 years$1,950$1,415$1,009$709$491$279
30 years$1,865$1,337$940$650$444$246
31 years$1,785$1,264$876$597$401$217
32 years$1,710$1,196$818$549$363$192
33 years$1,640$1,132$763$505$329$169
34 years$1,575$1,073$713$464$298$149
35 years$1,513$1,018$667$428$270$132
36 years$1,455$966$624$394$244$117
37 years$1,400$918$584$363$221$103
38 years$1,348$872$547$334$201$91
39 years$1,299$829$512$308$182$80
40 years$1,252$789$480$284$165$71
41 years$1,208$751$450$262$150$63
42 years$1,166$715$422$242$136$56
43 years$1,126$681$396$224$123$49
44 years$1,088$650$372$206$112$44
45 years$1,052$619$349$191$102$38
46 years$1,018$591$328$176$92$34
47 years$985$564$308$163$84$30
48 years$953$538$290$150$76$27
49 years$923$514$272$139$69$24
50 years$894$491$256$128$63$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $916,000, adding $5,682 every year, while hoping to spend $47,212 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: 82/10/8 Blend
39$916,000$916,000$916,000$916,000
40$1,015,293$966,745$952,547$1,097,093
41$1,068,620$963,882$934,224$1,148,583
42$1,125,803$959,297$913,705$1,198,223
43$1,187,188$952,855$890,866$1,251,277
44$1,253,149$944,413$865,579$1,308,060
45$1,324,103$933,822$837,708$1,368,919
46$1,400,502$920,920$807,112$1,434,237
47$1,482,846$905,538$773,643$1,504,434
48$1,571,683$887,496$737,147$1,579,975
49$1,667,616$866,604$697,462$1,661,370
50$1,771,305$842,661$654,420$1,749,183
51$1,883,480$815,452$607,845$1,844,034
52$2,004,938$784,753$557,551$1,946,606
53$2,136,560$750,323$503,347$2,057,655
54$2,279,311$711,911$445,031$2,178,009
55$2,434,254$669,249$382,393$2,308,584
56$2,602,559$622,053$315,214$2,450,388
57$2,785,512$570,025$243,266$2,604,535
58$2,984,526$512,849$166,308$2,772,249
59$3,201,160$450,190$84,091$2,954,882
60$3,437,124$381,696$0$3,153,922
61$3,694,305$306,993$0$3,371,323
62$3,974,776$225,687$0$3,616,264
63$4,280,819$137,362$0$3,883,577
64$4,614,949$41,579$0$4,175,489
65$4,979,930$0$0$4,494,450
66$5,378,809$0$0$4,849,997
67$5,814,938$0$0$5,243,769
68$6,292,007$0$0$5,674,527
69$6,814,082$0$0$6,145,942
70$7,385,638$0$0$6,662,060
71$8,011,603$0$0$7,227,332
72$8,697,404$0$0$7,846,662
73$9,449,019$0$0$8,525,452
74$10,273,029$0$0$9,269,649
75$11,176,684$0$0$10,085,805
76$12,167,971$0$0$10,981,133
77$13,255,684$0$0$11,963,582
78$14,449,510$0$0$13,041,906
79$15,760,122$0$0$14,225,747
80$17,199,274$0$0$15,525,727
81$18,779,916$0$0$16,953,547
82$20,516,312$0$0$18,522,097
83$22,424,178$0$0$20,245,577
84$24,520,824$0$0$22,139,629
85$26,825,324$0$0$24,221,489
86$29,358,689$0$0$26,510,142
87$32,144,068$0$0$29,026,507
88$35,206,967$0$0$31,793,629
89$38,575,483$0$0$34,836,900
90$42,280,576$0$0$38,184,295
91$46,356,357$0$0$41,866,636
92$50,840,406$0$0$45,917,884
93$55,774,133$0$0$50,375,455
94$61,203,162$0$0$55,280,578
95$67,177,765$0$0$60,678,679
96$73,753,331$0$0$66,619,810
97$80,990,893$0$0$73,159,121
98$88,957,700$0$0$80,357,380
99$97,727,852$0$0$88,281,547
100$107,382,998$0$0$97,005,403