Can I retire at age 40 with 917,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15%
1 years$75,725$75,050$74,392$73,750$73,123$71,617
2 years$37,488$36,789$36,113$35,457$34,820$33,310
3 years$24,743$24,042$23,367$22,717$22,092$20,624
4 years$18,373$17,674$17,005$16,367$15,756$14,342
5 years$14,551$13,856$13,197$12,571$11,977$10,622
6 years$12,004$11,315$10,665$10,053$9,477$8,181
7 years$10,186$9,502$8,863$8,265$7,708$6,471
8 years$8,823$8,145$7,516$6,934$6,394$5,217
9 years$7,763$7,092$6,474$5,906$5,385$4,267
10 years$6,916$6,251$5,644$5,091$4,588$3,527
11 years$6,223$5,565$4,969$4,431$3,946$2,941
12 years$5,646$4,995$4,410$3,886$3,419$2,469
13 years$5,158$4,514$3,940$3,431$2,982$2,085
14 years$4,741$4,103$3,540$3,046$2,614$1,768
15 years$4,379$3,748$3,196$2,716$2,301$1,505
16 years$4,063$3,439$2,898$2,432$2,034$1,285
17 years$3,784$3,167$2,637$2,185$1,804$1,101
18 years$3,537$2,926$2,407$1,969$1,604$944
19 years$3,315$2,712$2,204$1,779$1,429$812
20 years$3,117$2,520$2,022$1,612$1,277$699
21 years$2,937$2,348$1,860$1,463$1,143$603
22 years$2,774$2,191$1,714$1,330$1,024$520
23 years$2,625$2,050$1,583$1,211$919$450
24 years$2,489$1,920$1,464$1,105$826$389
25 years$2,364$1,802$1,356$1,009$744$337
26 years$2,249$1,694$1,258$922$670$291
27 years$2,142$1,594$1,168$844$604$253
28 years$2,044$1,502$1,086$774$545$219
29 years$1,952$1,417$1,010$709$492$190
30 years$1,867$1,338$941$651$445$165
31 years$1,787$1,265$877$598$402$143
32 years$1,712$1,197$818$549$364$124
33 years$1,642$1,134$764$505$329$108
34 years$1,576$1,074$714$465$298$94
35 years$1,515$1,019$668$428$270$81
36 years$1,456$967$625$394$244$71
37 years$1,401$919$585$363$222$61
38 years$1,349$873$547$335$201$53
39 years$1,300$830$513$309$182$46
40 years$1,254$790$481$285$165$40
41 years$1,209$752$451$263$150$35
42 years$1,167$716$423$242$136$30
43 years$1,128$682$397$224$123$26
44 years$1,090$650$372$207$112$23
45 years$1,053$620$350$191$102$20
46 years$1,019$592$328$176$92$17
47 years$986$565$309$163$84$15
48 years$954$539$290$150$76$13
49 years$924$515$273$139$69$11
50 years$895$492$256$129$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $917,000, adding $6,988 every year, while hoping to spend $59,597 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: 35/49/16 Blend
39$917,000$917,000$917,000$917,000
40$1,017,742$969,141$954,928$1,048,129
41$1,058,141$953,218$923,507$1,054,926
42$1,100,663$934,518$889,036$1,056,144
43$1,145,462$912,841$851,350$1,056,184
44$1,192,706$887,976$810,277$1,054,971
45$1,242,576$859,701$765,635$1,052,433
46$1,295,271$827,779$717,237$1,048,493
47$1,351,009$791,960$664,884$1,043,075
48$1,410,026$751,981$608,372$1,036,100
49$1,472,582$707,560$547,485$1,027,488
50$1,538,957$658,403$481,999$1,017,160
51$1,609,463$604,197$411,678$1,005,035
52$1,684,437$544,611$336,277$991,033
53$1,764,248$479,296$255,541$975,076
54$1,849,302$407,882$169,202$957,086
55$1,940,042$329,980$76,982$936,987
56$2,036,954$245,177$0$914,706
57$2,140,571$153,037$0$893,836
58$2,251,476$53,103$0$884,915
59$2,370,309$0$0$874,786
60$2,497,772$0$0$893,171
61$2,634,635$0$0$943,747
62$2,781,745$0$0$998,206
63$2,940,028$0$0$1,056,902
64$3,110,505$0$0$1,120,228
65$3,294,294$0$0$1,188,611
66$3,492,625$0$0$1,262,524
67$3,706,848$0$0$1,342,486
68$3,938,448$0$0$1,429,066
69$4,189,057$0$0$1,522,891
70$4,460,468$0$0$1,624,650
71$4,754,653$0$0$1,735,101
72$5,073,780$0$0$1,855,077
73$5,420,234$0$0$1,985,495
74$5,796,638$0$0$2,127,363
75$6,205,876$0$0$2,281,792
76$6,651,122$0$0$2,450,001
77$7,135,870$0$0$2,633,335
78$7,663,961$0$0$2,833,273
79$8,239,625$0$0$3,051,441
80$8,867,516$0$0$3,289,631
81$9,552,757$0$0$3,549,815
82$10,300,985$0$0$3,834,165
83$11,118,409$0$0$4,145,069
84$12,011,863$0$0$4,485,160
85$12,988,869$0$0$4,857,335
86$14,057,711$0$0$5,264,784
87$15,227,510$0$0$5,711,022
88$16,508,310$0$0$6,199,916
89$17,911,170$0$0$6,735,728
90$19,448,272$0$0$7,323,151
91$21,133,028$0$0$7,967,353
92$22,980,211$0$0$8,674,026
93$25,006,093$0$0$9,449,442
94$27,228,595$0$0$10,300,505
95$29,667,456$0$0$11,234,825
96$32,344,420$0$0$12,260,781
97$35,283,437$0$0$13,387,604
98$38,510,890$0$0$14,625,464
99$42,055,843$0$0$15,985,564
100$45,950,311$0$0$17,480,246