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%16%
1 years$75,725$75,050$74,392$73,750$73,123$71,326
2 years$37,488$36,789$36,113$35,457$34,820$33,021
3 years$24,743$24,042$23,367$22,717$22,092$20,346
4 years$18,373$17,674$17,005$16,367$15,756$14,078
5 years$14,551$13,856$13,197$12,571$11,977$10,371
6 years$12,004$11,315$10,665$10,053$9,477$7,945
7 years$10,186$9,502$8,863$8,265$7,708$6,249
8 years$8,823$8,145$7,516$6,934$6,394$5,009
9 years$7,763$7,092$6,474$5,906$5,385$4,071
10 years$6,916$6,251$5,644$5,091$4,588$3,345
11 years$6,223$5,565$4,969$4,431$3,946$2,772
12 years$5,646$4,995$4,410$3,886$3,419$2,312
13 years$5,158$4,514$3,940$3,431$2,982$1,939
14 years$4,741$4,103$3,540$3,046$2,614$1,633
15 years$4,379$3,748$3,196$2,716$2,301$1,381
16 years$4,063$3,439$2,898$2,432$2,034$1,171
17 years$3,784$3,167$2,637$2,185$1,804$995
18 years$3,537$2,926$2,407$1,969$1,604$848
19 years$3,315$2,712$2,204$1,779$1,429$723
20 years$3,117$2,520$2,022$1,612$1,277$618
21 years$2,937$2,348$1,860$1,463$1,143$529
22 years$2,774$2,191$1,714$1,330$1,024$453
23 years$2,625$2,050$1,583$1,211$919$388
24 years$2,489$1,920$1,464$1,105$826$333
25 years$2,364$1,802$1,356$1,009$744$286
26 years$2,249$1,694$1,258$922$670$246
27 years$2,142$1,594$1,168$844$604$211
28 years$2,044$1,502$1,086$774$545$182
29 years$1,952$1,417$1,010$709$492$156
30 years$1,867$1,338$941$651$445$134
31 years$1,787$1,265$877$598$402$116
32 years$1,712$1,197$818$549$364$100
33 years$1,642$1,134$764$505$329$86
34 years$1,576$1,074$714$465$298$74
35 years$1,515$1,019$668$428$270$64
36 years$1,456$967$625$394$244$55
37 years$1,401$919$585$363$222$47
38 years$1,349$873$547$335$201$41
39 years$1,300$830$513$309$182$35
40 years$1,254$790$481$285$165$30
41 years$1,209$752$451$263$150$26
42 years$1,167$716$423$242$136$22
43 years$1,128$682$397$224$123$19
44 years$1,090$650$372$207$112$17
45 years$1,053$620$350$191$102$14
46 years$1,019$592$328$176$92$12
47 years$986$565$309$163$84$11
48 years$954$539$290$150$76$9
49 years$924$515$273$139$69$8
50 years$895$492$256$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $917,000, adding $3,063 every year, while hoping to spend $28,866 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: 71/8/21 Blend
39$917,000$917,000$917,000$917,000
40$1,013,693$965,092$950,879$1,080,235
41$1,086,377$981,669$952,020$1,141,567
42$1,165,507$998,090$952,232$1,204,985
43$1,251,710$1,014,318$951,453$1,273,708
44$1,345,676$1,030,311$949,619$1,348,259
45$1,448,166$1,046,027$946,662$1,429,214
46$1,560,013$1,061,417$942,510$1,517,208
47$1,682,140$1,076,432$937,089$1,612,940
48$1,815,558$1,091,017$930,321$1,717,181
49$1,961,383$1,105,114$922,125$1,830,782
50$2,120,842$1,118,663$912,414$1,954,678
51$2,295,287$1,131,596$901,099$2,089,904
52$2,486,206$1,143,844$888,085$2,237,596
53$2,695,238$1,155,332$873,275$2,399,010
54$2,924,187$1,165,978$856,565$2,575,528
55$3,175,041$1,175,698$837,847$2,768,676
56$3,449,989$1,184,401$817,009$2,980,133
57$3,751,442$1,191,990$793,932$3,211,752
58$4,082,053$1,198,362$768,493$3,465,575
59$4,444,747$1,203,407$740,563$3,743,852
60$4,842,746$1,207,008$710,006$4,049,066
61$5,279,596$1,209,042$676,682$4,383,950
62$5,759,207$1,209,376$640,442$4,751,519
63$6,285,882$1,207,872$601,132$5,155,097
64$6,864,363$1,204,379$558,592$5,598,346
65$7,499,875$1,198,741$512,652$6,085,305
66$8,198,173$1,190,790$463,137$6,620,423
67$8,965,597$1,180,349$409,862$7,208,607
68$9,809,131$1,167,229$352,635$7,855,265
69$10,736,471$1,151,231$291,257$8,566,356
70$11,756,093$1,132,144$225,516$9,348,451
71$12,877,339$1,109,743$155,195$10,208,793
72$14,110,499$1,083,792$80,065$11,155,363
73$15,466,910$1,054,038$0$12,196,959
74$16,959,066$1,020,217$0$13,343,305
75$18,600,729$982,046$0$14,624,212
76$20,407,065$939,228$0$16,033,561
77$22,394,783$891,447$0$17,584,398
78$24,582,292$838,370$0$19,291,101
79$26,989,880$779,644$0$21,169,510
80$29,639,899$714,897$0$23,237,083
81$32,556,976$643,734$0$25,513,057
82$35,768,249$565,740$0$28,018,630
83$39,303,623$480,473$0$30,777,160
84$43,196,045$387,469$0$33,814,388
85$47,481,823$286,236$0$37,158,681
86$52,200,964$176,256$0$40,841,295
87$57,397,550$56,981$0$44,896,677
88$63,120,160$0$0$49,362,784
89$69,422,319$0$0$54,287,799
90$76,363,012$0$0$59,717,403
91$84,007,233$0$0$65,697,432
92$92,426,603$0$0$72,283,924
93$101,700,044$0$0$79,538,626
94$111,914,523$0$0$87,529,582
95$123,165,872$0$0$96,331,774
96$135,559,696$0$0$106,027,825
97$149,212,362$0$0$116,708,786
98$164,252,107$0$0$128,474,987
99$180,820,237$0$0$141,436,991
100$199,072,472$0$0$155,716,632