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%12%
1 years$75,725$75,050$74,392$73,750$73,123$72,510
2 years$37,488$36,789$36,113$35,457$34,820$34,203
3 years$24,743$24,042$23,367$22,717$22,092$21,488
4 years$18,373$17,674$17,005$16,367$15,756$15,172
5 years$14,551$13,856$13,197$12,571$11,977$11,414
6 years$12,004$11,315$10,665$10,053$9,477$8,935
7 years$10,186$9,502$8,863$8,265$7,708$7,187
8 years$8,823$8,145$7,516$6,934$6,394$5,895
9 years$7,763$7,092$6,474$5,906$5,385$4,907
10 years$6,916$6,251$5,644$5,091$4,588$4,132
11 years$6,223$5,565$4,969$4,431$3,946$3,511
12 years$5,646$4,995$4,410$3,886$3,419$3,005
13 years$5,158$4,514$3,940$3,431$2,982$2,587
14 years$4,741$4,103$3,540$3,046$2,614$2,238
15 years$4,379$3,748$3,196$2,716$2,301$1,945
16 years$4,063$3,439$2,898$2,432$2,034$1,696
17 years$3,784$3,167$2,637$2,185$1,804$1,483
18 years$3,537$2,926$2,407$1,969$1,604$1,301
19 years$3,315$2,712$2,204$1,779$1,429$1,143
20 years$3,117$2,520$2,022$1,612$1,277$1,006
21 years$2,937$2,348$1,860$1,463$1,143$888
22 years$2,774$2,191$1,714$1,330$1,024$784
23 years$2,625$2,050$1,583$1,211$919$693
24 years$2,489$1,920$1,464$1,105$826$614
25 years$2,364$1,802$1,356$1,009$744$544
26 years$2,249$1,694$1,258$922$670$482
27 years$2,142$1,594$1,168$844$604$428
28 years$2,044$1,502$1,086$774$545$380
29 years$1,952$1,417$1,010$709$492$338
30 years$1,867$1,338$941$651$445$300
31 years$1,787$1,265$877$598$402$267
32 years$1,712$1,197$818$549$364$238
33 years$1,642$1,134$764$505$329$212
34 years$1,576$1,074$714$465$298$189
35 years$1,515$1,019$668$428$270$168
36 years$1,456$967$625$394$244$150
37 years$1,401$919$585$363$222$133
38 years$1,349$873$547$335$201$119
39 years$1,300$830$513$309$182$106
40 years$1,254$790$481$285$165$95
41 years$1,209$752$451$263$150$84
42 years$1,167$716$423$242$136$75
43 years$1,128$682$397$224$123$67
44 years$1,090$650$372$207$112$60
45 years$1,053$620$350$191$102$53
46 years$1,019$592$328$176$92$48
47 years$986$565$309$163$84$43
48 years$954$539$290$150$76$38
49 years$924$515$273$139$69$34
50 years$895$492$256$129$63$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $917,000, adding $6,571 every year, while hoping to spend $44,788 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: 43/33/24 Blend
39$917,000$917,000$917,000$917,000
40$1,017,312$968,711$954,497$1,053,694
41$1,073,424$968,524$938,819$1,080,035
42$1,133,758$966,826$921,114$1,103,748
43$1,198,697$963,497$901,268$1,128,551
44$1,268,664$958,408$879,160$1,154,568
45$1,344,119$951,422$854,663$1,181,941
46$1,425,572$942,394$827,647$1,210,827
47$1,513,580$931,170$797,973$1,241,405
48$1,608,756$917,589$765,496$1,273,871
49$1,711,776$901,477$730,067$1,308,450
50$1,823,380$882,652$691,526$1,345,389
51$1,944,382$860,920$649,711$1,384,967
52$2,075,680$836,077$604,447$1,427,496
53$2,218,260$807,904$555,556$1,473,323
54$2,373,204$776,173$502,849$1,522,836
55$2,541,706$740,641$446,130$1,576,466
56$2,725,078$701,050$385,193$1,634,697
57$2,924,764$657,130$319,825$1,698,064
58$3,142,352$608,591$249,801$1,767,167
59$3,379,591$555,131$174,888$1,842,671
60$3,638,405$496,428$94,843$1,925,315
61$3,920,911$432,143$9,409$2,015,924
62$4,229,443$361,916$0$2,115,411
63$4,566,565$285,369$0$2,245,731
64$4,935,104$202,101$0$2,391,008
65$5,338,171$111,690$0$2,550,156
66$5,779,190$13,689$0$2,724,644
67$6,261,934$0$0$2,916,094
68$6,790,556$0$0$3,159,847
69$7,369,629$0$0$3,432,422
70$8,004,191$0$0$3,731,233
71$8,699,787$0$0$4,058,907
72$9,462,529$0$0$4,418,338
73$10,299,144$0$0$4,812,710
74$11,217,044$0$0$5,245,536
75$12,224,393$0$0$5,720,680
76$13,330,182$0$0$6,242,402
77$14,544,317$0$0$6,815,394
78$15,877,710$0$0$7,444,823
79$17,342,379$0$0$8,136,383
80$18,951,567$0$0$8,896,346
81$20,719,860$0$0$9,731,622
82$22,663,328$0$0$10,649,824
83$24,799,677$0$0$11,659,337
84$27,148,412$0$0$12,769,403
85$29,731,021$0$0$13,990,201
86$32,571,180$0$0$15,332,948
87$35,694,975$0$0$16,810,000
88$39,131,146$0$0$18,434,975
89$42,911,357$0$0$20,222,873
90$47,070,498$0$0$22,190,224
91$51,647,010$0$0$24,355,240
92$56,683,249$0$0$26,737,988
93$62,225,884$0$0$29,360,580
94$68,326,338$0$0$32,247,379
95$75,041,270$0$0$35,425,230
96$82,433,114$0$0$38,923,714
97$90,570,660$0$0$42,775,423
98$99,529,712$0$0$47,016,274
99$109,393,794$0$0$51,685,842
100$120,254,941$0$0$56,827,733