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%11.2%
1 years$75,642$74,969$74,311$73,670$73,043$72,674
2 years$37,447$36,749$36,073$35,418$34,782$34,410
3 years$24,717$24,016$23,342$22,693$22,067$21,703
4 years$18,353$17,654$16,987$16,349$15,739$15,385
5 years$14,535$13,841$13,183$12,557$11,964$11,623
6 years$11,991$11,302$10,653$10,042$9,467$9,138
7 years$10,175$9,492$8,853$8,256$7,699$7,383
8 years$8,813$8,136$7,508$6,926$6,387$6,083
9 years$7,755$7,084$6,467$5,899$5,379$5,088
10 years$6,908$6,244$5,638$5,085$4,583$4,304
11 years$6,216$5,559$4,963$4,426$3,942$3,675
12 years$5,640$4,989$4,405$3,882$3,416$3,161
13 years$5,153$4,509$3,936$3,427$2,979$2,736
14 years$4,735$4,098$3,536$3,042$2,611$2,380
15 years$4,374$3,744$3,193$2,713$2,299$2,079
16 years$4,058$3,435$2,895$2,429$2,032$1,823
17 years$3,780$3,164$2,634$2,183$1,802$1,603
18 years$3,533$2,923$2,404$1,967$1,602$1,413
19 years$3,312$2,709$2,201$1,777$1,428$1,249
20 years$3,113$2,518$2,020$1,610$1,275$1,106
21 years$2,934$2,345$1,858$1,461$1,141$981
22 years$2,771$2,189$1,713$1,328$1,023$872
23 years$2,622$2,047$1,581$1,210$918$776
24 years$2,486$1,918$1,462$1,103$825$691
25 years$2,362$1,800$1,354$1,008$743$616
26 years$2,247$1,692$1,256$921$669$550
27 years$2,140$1,592$1,166$843$603$491
28 years$2,042$1,500$1,084$773$544$439
29 years$1,950$1,415$1,009$709$491$393
30 years$1,865$1,337$940$650$444$351
31 years$1,785$1,264$876$597$401$315
32 years$1,710$1,196$818$549$363$282
33 years$1,640$1,132$763$505$329$253
34 years$1,575$1,073$713$464$298$226
35 years$1,513$1,018$667$428$270$203
36 years$1,455$966$624$394$244$182
37 years$1,400$918$584$363$221$163
38 years$1,348$872$547$334$201$147
39 years$1,299$829$512$308$182$132
40 years$1,252$789$480$284$165$118
41 years$1,208$751$450$262$150$106
42 years$1,166$715$422$242$136$95
43 years$1,126$681$396$224$123$86
44 years$1,088$650$372$206$112$77
45 years$1,052$619$349$191$102$69
46 years$1,018$591$328$176$92$62
47 years$985$564$308$163$84$56
48 years$953$538$290$150$76$50
49 years$923$514$272$139$69$45
50 years$894$491$256$128$63$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $916,000, adding $3,253 every year, while hoping to spend $38,181 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: 34/38/28 Blend
39$916,000$916,000$916,000$916,000
40$1,012,787$964,239$950,041$1,038,549
41$1,075,468$970,863$941,244$1,064,885
42$1,143,261$976,531$930,871$1,089,624
43$1,216,650$981,157$918,832$1,115,564
44$1,296,163$984,649$905,027$1,142,838
45$1,382,381$986,906$889,355$1,171,596
46$1,475,946$987,826$871,710$1,202,004
47$1,577,559$987,297$851,980$1,234,249
48$1,687,996$985,200$830,047$1,268,541
49$1,808,107$981,411$805,789$1,305,114
50$1,938,830$975,795$779,079$1,344,228
51$2,081,195$968,213$749,782$1,386,175
52$2,236,336$958,515$717,758$1,431,280
53$2,405,501$946,541$682,862$1,479,905
54$2,590,065$932,124$644,941$1,532,453
55$2,791,539$915,086$603,834$1,589,373
56$3,011,587$895,237$559,374$1,651,167
57$3,252,044$872,378$511,387$1,718,391
58$3,514,924$846,297$459,691$1,791,662
59$3,802,451$816,770$404,095$1,871,670
60$4,117,069$783,559$344,400$1,959,179
61$4,461,471$746,415$280,399$2,055,037
62$4,838,623$705,071$211,874$2,160,187
63$5,251,790$659,246$138,599$2,275,675
64$5,704,568$608,645$60,338$2,402,663
65$6,200,918$552,953$0$2,542,437
66$6,745,202$491,838$0$2,703,351
67$7,342,224$424,949$0$2,899,751
68$7,997,276$351,917$0$3,115,424
69$8,716,187$272,350$0$3,352,398
70$9,505,378$185,835$0$3,612,914
71$10,371,921$91,935$0$3,899,447
72$11,323,606$0$0$4,214,731
73$12,369,016$0$0$4,565,889
74$13,517,606$0$0$4,994,084
75$14,779,790$0$0$5,464,773
76$16,167,045$0$0$5,982,252
77$17,692,010$0$0$6,551,257
78$19,368,614$0$0$7,177,003
79$21,212,199$0$0$7,865,236
80$23,239,672$0$0$8,622,290
81$25,469,658$0$0$9,455,138
82$27,922,678$0$0$10,371,469
83$30,621,342$0$0$11,379,751
84$33,590,562$0$0$12,489,314
85$36,857,786$0$0$13,710,441
86$40,453,259$0$0$15,054,461
87$44,410,303$0$0$16,533,855
88$48,765,636$0$0$18,162,379
89$53,559,716$0$0$19,955,187
90$58,837,121$0$0$21,928,980
91$64,646,973$0$0$24,102,157
92$71,043,396$0$0$26,494,996
93$78,086,031$0$0$29,129,839
94$85,840,595$0$0$32,031,305
95$94,379,503$0$0$35,226,523
96$103,782,550$0$0$38,745,385
97$114,137,662$0$0$42,620,833
98$125,541,728$0$0$46,889,164
99$138,101,513$0$0$51,590,377
100$151,934,663$0$0$56,768,546