Can I retire at age 40 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$75,725$75,050$74,392$73,750$73,123$72,815
2 years$37,488$36,789$36,113$35,457$34,820$34,509
3 years$24,743$24,042$23,367$22,717$22,092$21,787
4 years$18,373$17,674$17,005$16,367$15,756$15,460
5 years$14,551$13,856$13,197$12,571$11,977$11,692
6 years$12,004$11,315$10,665$10,053$9,477$9,202
7 years$10,186$9,502$8,863$8,265$7,708$7,443
8 years$8,823$8,145$7,516$6,934$6,394$6,140
9 years$7,763$7,092$6,474$5,906$5,385$5,141
10 years$6,916$6,251$5,644$5,091$4,588$4,354
11 years$6,223$5,565$4,969$4,431$3,946$3,722
12 years$5,646$4,995$4,410$3,886$3,419$3,206
13 years$5,158$4,514$3,940$3,431$2,982$2,778
14 years$4,741$4,103$3,540$3,046$2,614$2,420
15 years$4,379$3,748$3,196$2,716$2,301$2,116
16 years$4,063$3,439$2,898$2,432$2,034$1,858
17 years$3,784$3,167$2,637$2,185$1,804$1,636
18 years$3,537$2,926$2,407$1,969$1,604$1,445
19 years$3,315$2,712$2,204$1,779$1,429$1,279
20 years$3,117$2,520$2,022$1,612$1,277$1,134
21 years$2,937$2,348$1,860$1,463$1,143$1,008
22 years$2,774$2,191$1,714$1,330$1,024$897
23 years$2,625$2,050$1,583$1,211$919$799
24 years$2,489$1,920$1,464$1,105$826$713
25 years$2,364$1,802$1,356$1,009$744$636
26 years$2,249$1,694$1,258$922$670$569
27 years$2,142$1,594$1,168$844$604$509
28 years$2,044$1,502$1,086$774$545$456
29 years$1,952$1,417$1,010$709$492$408
30 years$1,867$1,338$941$651$445$366
31 years$1,787$1,265$877$598$402$328
32 years$1,712$1,197$818$549$364$294
33 years$1,642$1,134$764$505$329$264
34 years$1,576$1,074$714$465$298$237
35 years$1,515$1,019$668$428$270$213
36 years$1,456$967$625$394$244$192
37 years$1,401$919$585$363$222$172
38 years$1,349$873$547$335$201$155
39 years$1,300$830$513$309$182$139
40 years$1,254$790$481$285$165$125
41 years$1,209$752$451$263$150$113
42 years$1,167$716$423$242$136$101
43 years$1,128$682$397$224$123$91
44 years$1,090$650$372$207$112$82
45 years$1,053$620$350$191$102$74
46 years$1,019$592$328$176$92$66
47 years$986$565$309$163$84$60
48 years$954$539$290$150$76$54
49 years$924$515$273$139$69$48
50 years$895$492$256$129$63$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $917,000, adding $4,433 every year, while hoping to spend $26,423 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: 77/6/17 Blend
39$917,000$917,000$917,000$917,000
40$1,015,107$966,506$952,292$1,089,105
41$1,090,534$985,751$956,080$1,157,834
42$1,172,769$1,005,053$959,109$1,229,438
43$1,262,478$1,024,388$961,327$1,307,246
44$1,360,396$1,043,727$962,676$1,391,869
45$1,467,329$1,063,043$963,098$1,483,981
46$1,584,167$1,082,302$962,532$1,584,323
47$1,711,888$1,101,471$960,913$1,693,712
48$1,851,570$1,120,513$958,173$1,813,048
49$2,004,399$1,139,387$954,241$1,943,322
50$2,171,682$1,158,051$949,043$2,085,629
51$2,354,857$1,176,459$942,499$2,241,171
52$2,555,509$1,194,562$934,529$2,411,276
53$2,775,381$1,212,305$925,046$2,597,406
54$3,016,395$1,229,634$913,960$2,801,171
55$3,280,667$1,246,486$901,178$3,024,347
56$3,570,528$1,262,796$886,600$3,268,890
57$3,888,544$1,278,496$870,124$3,536,956
58$4,237,544$1,293,510$851,641$3,830,921
59$4,620,641$1,307,760$831,039$4,153,402
60$5,041,267$1,321,161$808,199$4,507,285
61$5,503,200$1,333,621$782,997$4,895,749
62$6,010,603$1,345,045$755,304$5,322,298
63$6,568,063$1,355,331$724,985$5,790,794
64$7,180,632$1,364,369$691,899$6,305,491
65$7,853,875$1,372,042$655,896$6,871,080
66$8,593,925$1,378,226$616,824$7,492,729
67$9,407,538$1,382,791$574,519$8,176,134
68$10,302,155$1,385,597$528,814$8,927,572
69$11,285,977$1,386,493$479,532$9,753,961
70$12,368,039$1,385,323$426,488$10,662,924
71$13,558,294$1,381,919$369,490$11,662,864
72$14,867,709$1,376,103$308,338$12,763,041
73$16,308,369$1,367,686$242,821$13,973,660
74$17,893,587$1,356,466$172,719$15,305,966
75$19,638,033$1,342,233$97,805$16,772,355
76$21,557,870$1,324,760$17,839$18,386,486
77$23,670,908$1,303,809$0$20,163,413
78$25,996,771$1,279,127$0$22,131,969
79$28,557,083$1,250,445$0$24,302,443
80$31,375,669$1,217,480$0$26,691,796
81$34,478,782$1,179,931$0$29,322,286
82$37,895,350$1,137,481$0$32,218,438
83$41,657,250$1,089,791$0$35,407,279
84$45,799,606$1,036,508$0$38,918,592
85$50,361,122$977,252$0$42,785,194
86$55,384,446$911,627$0$47,043,248
87$60,916,573$839,211$0$51,732,605
88$67,009,290$759,558$0$56,897,178
89$73,719,658$672,198$0$62,585,359
90$81,110,561$576,632$0$68,850,473
91$89,251,287$472,337$0$75,751,283
92$98,218,192$358,755$0$83,352,542
93$108,095,415$235,301$0$91,725,609
94$118,975,672$101,355$0$100,949,118
95$130,961,132$0$0$111,109,723
96$144,164,383$0$0$122,305,802
97$158,709,489$0$0$134,647,168
98$174,733,167$0$0$148,243,138
99$192,386,073$0$0$163,221,549
100$211,834,224$0$0$179,723,272