Can I retire at age 40 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$75,808$75,132$74,474$73,830$73,203$72,802
2 years$37,529$36,830$36,152$35,495$34,858$34,454
3 years$24,770$24,069$23,393$22,742$22,116$21,721
4 years$18,393$17,693$17,024$16,385$15,773$15,390
5 years$14,567$13,871$13,211$12,585$11,990$11,620
6 years$12,017$11,327$10,677$10,064$9,488$9,131
7 years$10,197$9,512$8,872$8,274$7,716$7,373
8 years$8,832$8,154$7,525$6,941$6,401$6,072
9 years$7,771$7,099$6,481$5,912$5,391$5,075
10 years$6,923$6,258$5,650$5,096$4,593$4,291
11 years$6,230$5,571$4,974$4,435$3,950$3,662
12 years$5,652$5,000$4,415$3,890$3,423$3,148
13 years$5,164$4,519$3,944$3,435$2,985$2,722
14 years$4,746$4,107$3,544$3,049$2,617$2,366
15 years$4,384$3,752$3,200$2,719$2,304$2,066
16 years$4,067$3,443$2,901$2,435$2,036$1,810
17 years$3,788$3,170$2,640$2,188$1,805$1,591
18 years$3,540$2,930$2,410$1,971$1,605$1,402
19 years$3,319$2,715$2,206$1,781$1,431$1,238
20 years$3,120$2,523$2,025$1,613$1,278$1,096
21 years$2,940$2,350$1,862$1,464$1,144$971
22 years$2,777$2,194$1,716$1,331$1,025$862
23 years$2,628$2,052$1,585$1,212$920$767
24 years$2,492$1,922$1,466$1,106$827$682
25 years$2,367$1,804$1,357$1,010$744$608
26 years$2,251$1,696$1,259$923$670$542
27 years$2,145$1,596$1,169$845$604$484
28 years$2,046$1,504$1,087$774$545$432
29 years$1,954$1,418$1,011$710$493$386
30 years$1,869$1,340$942$652$445$345
31 years$1,789$1,266$878$599$402$309
32 years$1,714$1,198$819$550$364$277
33 years$1,644$1,135$765$506$329$248
34 years$1,578$1,076$715$465$298$222
35 years$1,516$1,020$668$428$270$199
36 years$1,458$968$625$395$245$178
37 years$1,403$920$585$364$222$160
38 years$1,351$874$548$335$201$143
39 years$1,302$831$513$309$182$128
40 years$1,255$791$481$285$165$115
41 years$1,211$753$451$263$150$103
42 years$1,169$717$423$243$136$93
43 years$1,129$683$397$224$124$83
44 years$1,091$651$373$207$112$75
45 years$1,054$621$350$191$102$67
46 years$1,020$592$329$176$92$60
47 years$987$565$309$163$84$54
48 years$955$539$290$151$76$49
49 years$925$515$273$139$69$44
50 years$896$492$257$129$63$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $918,000, adding $4,790 every year, while hoping to spend $45,716 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: 80/9/11 Blend
39$918,000$918,000$918,000$918,000
40$1,016,577$967,923$953,694$1,095,573
41$1,071,626$966,710$937,001$1,146,899
42$1,130,758$963,905$918,217$1,196,767
43$1,194,342$959,382$897,223$1,250,150
44$1,262,780$953,007$873,896$1,307,378
45$1,336,518$944,639$848,105$1,368,813
46$1,416,042$934,125$819,716$1,434,857
47$1,501,888$921,308$788,587$1,505,951
48$1,594,646$906,016$754,569$1,582,580
49$1,694,960$888,072$717,508$1,665,281
50$1,803,544$867,285$677,242$1,754,644
51$1,921,177$843,453$633,601$1,851,320
52$2,048,719$816,365$586,409$1,956,026
53$2,187,115$785,794$535,481$2,069,554
54$2,337,405$751,502$480,624$2,192,775
55$2,500,732$713,237$421,636$2,326,651
56$2,678,352$670,731$358,306$2,472,240
57$2,871,650$623,703$290,415$2,630,712
58$3,082,148$571,854$217,734$2,803,355
59$3,311,520$514,868$140,021$2,991,588
60$3,561,611$452,412$57,027$3,196,976
61$3,834,449$384,134$0$3,421,247
62$4,132,267$309,661$0$3,670,004
63$4,457,524$228,600$0$3,949,027
64$4,812,926$140,536$0$4,253,962
65$5,201,452$45,029$0$4,587,395
66$5,626,382$0$0$4,952,173
67$6,091,328$0$0$5,357,216
68$6,600,267$0$0$5,805,490
69$7,157,578$0$0$6,296,396
70$7,768,083$0$0$6,834,185
71$8,437,093$0$0$7,423,538
72$9,170,457$0$0$8,069,612
73$9,974,617$0$0$8,778,085
74$10,856,668$0$0$9,555,211
75$11,824,423$0$0$10,407,880
76$12,886,492$0$0$11,343,679
77$14,052,355$0$0$12,370,967
78$15,332,457$0$0$13,498,951
79$16,738,302$0$0$14,737,772
80$18,282,564$0$0$16,098,604
81$19,979,205$0$0$17,593,755
82$21,843,606$0$0$19,236,783
83$23,892,711$0$0$21,042,627
84$26,145,187$0$0$23,027,743
85$28,621,603$0$0$25,210,262
86$31,344,615$0$0$27,610,160
87$34,339,188$0$0$30,249,443
88$37,632,826$0$0$33,152,359
89$41,255,834$0$0$36,345,623
90$45,241,598$0$0$39,858,669
91$49,626,907$0$0$43,723,928
92$54,452,294$0$0$47,977,134
93$59,762,419$0$0$52,657,657
94$65,606,489$0$0$57,808,880
95$72,038,727$0$0$63,478,602
96$79,118,875$0$0$69,719,492
97$86,912,762$0$0$76,589,584
98$95,492,924$0$0$84,152,825
99$104,939,287$0$0$92,479,676
100$115,339,921$0$0$101,647,778