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%14.8%
1 years$75,725$75,050$74,392$73,750$73,123$71,676
2 years$37,488$36,789$36,113$35,457$34,820$33,369
3 years$24,743$24,042$23,367$22,717$22,092$20,680
4 years$18,373$17,674$17,005$16,367$15,756$14,396
5 years$14,551$13,856$13,197$12,571$11,977$10,673
6 years$12,004$11,315$10,665$10,053$9,477$8,229
7 years$10,186$9,502$8,863$8,265$7,708$6,517
8 years$8,823$8,145$7,516$6,934$6,394$5,260
9 years$7,763$7,092$6,474$5,906$5,385$4,307
10 years$6,916$6,251$5,644$5,091$4,588$3,565
11 years$6,223$5,565$4,969$4,431$3,946$2,976
12 years$5,646$4,995$4,410$3,886$3,419$2,502
13 years$5,158$4,514$3,940$3,431$2,982$2,115
14 years$4,741$4,103$3,540$3,046$2,614$1,796
15 years$4,379$3,748$3,196$2,716$2,301$1,531
16 years$4,063$3,439$2,898$2,432$2,034$1,310
17 years$3,784$3,167$2,637$2,185$1,804$1,123
18 years$3,537$2,926$2,407$1,969$1,604$965
19 years$3,315$2,712$2,204$1,779$1,429$831
20 years$3,117$2,520$2,022$1,612$1,277$716
21 years$2,937$2,348$1,860$1,463$1,143$619
22 years$2,774$2,191$1,714$1,330$1,024$535
23 years$2,625$2,050$1,583$1,211$919$463
24 years$2,489$1,920$1,464$1,105$826$401
25 years$2,364$1,802$1,356$1,009$744$348
26 years$2,249$1,694$1,258$922$670$302
27 years$2,142$1,594$1,168$844$604$262
28 years$2,044$1,502$1,086$774$545$227
29 years$1,952$1,417$1,010$709$492$197
30 years$1,867$1,338$941$651$445$172
31 years$1,787$1,265$877$598$402$149
32 years$1,712$1,197$818$549$364$130
33 years$1,642$1,134$764$505$329$113
34 years$1,576$1,074$714$465$298$98
35 years$1,515$1,019$668$428$270$85
36 years$1,456$967$625$394$244$74
37 years$1,401$919$585$363$222$65
38 years$1,349$873$547$335$201$56
39 years$1,300$830$513$309$182$49
40 years$1,254$790$481$285$165$43
41 years$1,209$752$451$263$150$37
42 years$1,167$716$423$242$136$32
43 years$1,128$682$397$224$123$28
44 years$1,090$650$372$207$112$25
45 years$1,053$620$350$191$102$21
46 years$1,019$592$328$176$92$19
47 years$986$565$309$163$84$16
48 years$954$539$290$150$76$14
49 years$924$515$273$139$69$12
50 years$895$492$256$129$63$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $917,000, adding $6,101 every year, while hoping to spend $21,587 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: 66/17/17 Blend
39$917,000$917,000$917,000$917,000
40$1,016,827$968,226$954,013$1,079,326
41$1,097,575$992,701$963,004$1,146,380
42$1,185,836$1,017,651$971,572$1,216,588
43$1,282,353$1,043,078$979,682$1,292,806
44$1,387,945$1,068,981$987,293$1,375,625
45$1,503,513$1,095,359$994,366$1,465,691
46$1,630,051$1,122,210$1,000,856$1,563,719
47$1,768,650$1,149,533$1,006,718$1,670,496
48$1,920,515$1,177,322$1,011,906$1,786,889
49$2,086,971$1,205,575$1,016,368$1,913,851
50$2,269,478$1,234,284$1,020,053$2,052,435
51$2,469,645$1,263,444$1,022,905$2,203,799
52$2,689,242$1,293,046$1,024,865$2,369,220
53$2,930,220$1,323,081$1,025,874$2,550,104
54$3,194,728$1,353,538$1,025,867$2,748,002
55$3,485,134$1,384,404$1,024,776$2,964,621
56$3,804,044$1,415,667$1,022,533$3,201,842
57$4,154,330$1,447,308$1,019,062$3,461,739
58$4,539,158$1,479,312$1,014,286$3,746,597
59$4,962,012$1,511,659$1,008,125$4,058,932
60$5,426,733$1,544,326$1,000,493$4,401,521
61$5,937,551$1,577,289$991,301$4,777,418
62$6,499,127$1,610,522$980,455$5,189,994
63$7,116,597$1,643,996$967,859$5,642,961
64$7,795,617$1,677,679$953,409$6,140,410
65$8,542,420$1,711,536$936,999$6,686,850
66$9,363,874$1,745,528$918,516$7,287,249
67$10,267,546$1,779,616$897,842$7,947,081
68$11,261,772$1,813,753$874,856$8,672,383
69$12,355,737$1,847,891$849,428$9,469,802
70$13,559,562$1,881,978$821,424$10,346,667
71$14,884,400$1,915,957$790,704$11,311,054
72$16,342,536$1,949,766$757,120$12,371,864
73$17,947,509$1,983,340$720,518$13,538,903
74$19,714,238$2,016,606$680,739$14,822,983
75$21,659,160$2,049,490$637,613$16,236,015
76$23,800,388$2,081,908$590,966$17,791,127
77$26,157,878$2,113,772$540,614$19,502,786
78$28,753,623$2,144,988$486,366$21,386,939
79$31,611,854$2,175,454$428,021$23,461,155
80$34,759,274$2,205,062$365,370$25,744,800
81$38,225,305$2,233,696$298,196$28,259,215
82$42,042,370$2,261,231$226,269$31,027,920
83$46,246,195$2,287,534$149,353$34,076,833
84$50,876,149$2,312,465$67,198$37,434,519
85$55,975,613$2,335,873$0$41,132,458
86$61,592,390$2,357,595$0$45,209,057
87$67,779,157$2,377,460$0$49,712,083
88$74,593,961$2,395,286$0$54,671,521
89$82,100,767$2,410,877$0$60,133,859
90$90,370,061$2,424,026$0$66,150,324
91$99,479,516$2,434,512$0$72,777,371
92$109,514,725$2,442,101$0$80,077,210
93$120,570,006$2,446,543$0$88,118,398
94$132,749,296$2,447,574$0$96,976,480
95$146,167,130$2,444,911$0$106,734,711
96$160,949,722$2,438,256$0$117,484,835
97$177,236,154$2,427,291$0$129,327,952
98$195,179,694$2,411,680$0$142,375,476
99$214,949,237$2,391,067$0$156,750,183
100$236,730,901$2,365,071$0$172,587,375