Can I retire at age 40 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$75,890$75,214$74,555$73,911$73,282$72,277
2 years$37,569$36,870$36,192$35,534$34,896$33,885
3 years$24,797$24,095$23,418$22,767$22,140$21,154
4 years$18,413$17,712$17,043$16,402$15,790$14,838
5 years$14,583$13,887$13,226$12,599$12,003$11,087
6 years$12,031$11,339$10,688$10,075$9,498$8,619
7 years$10,208$9,523$8,882$8,283$7,724$6,883
8 years$8,842$8,163$7,533$6,949$6,408$5,604
9 years$7,780$7,107$6,488$5,919$5,397$4,629
10 years$6,931$6,265$5,656$5,102$4,598$3,867
11 years$6,236$5,577$4,980$4,440$3,955$3,259
12 years$5,658$5,006$4,419$3,895$3,427$2,767
13 years$5,170$4,524$3,948$3,438$2,988$2,362
14 years$4,751$4,112$3,548$3,052$2,620$2,026
15 years$4,388$3,756$3,203$2,722$2,306$1,745
16 years$4,072$3,446$2,904$2,437$2,038$1,508
17 years$3,792$3,174$2,643$2,190$1,807$1,307
18 years$3,544$2,933$2,412$1,974$1,607$1,136
19 years$3,323$2,718$2,208$1,783$1,432$989
20 years$3,123$2,526$2,027$1,615$1,279$862
21 years$2,943$2,353$1,864$1,466$1,145$753
22 years$2,780$2,196$1,718$1,333$1,026$659
23 years$2,631$2,054$1,586$1,214$921$577
24 years$2,495$1,924$1,467$1,107$828$505
25 years$2,369$1,806$1,359$1,011$745$443
26 years$2,254$1,697$1,260$924$671$389
27 years$2,147$1,597$1,170$846$605$342
28 years$2,048$1,505$1,088$775$546$300
29 years$1,956$1,420$1,012$711$493$264
30 years$1,871$1,341$943$652$446$232
31 years$1,791$1,268$879$599$403$205
32 years$1,716$1,200$820$551$364$180
33 years$1,646$1,136$766$506$330$159
34 years$1,580$1,077$716$466$299$140
35 years$1,518$1,021$669$429$270$123
36 years$1,460$969$626$395$245$109
37 years$1,404$921$586$364$222$96
38 years$1,352$875$549$335$201$84
39 years$1,303$832$514$309$183$74
40 years$1,256$792$482$285$166$66
41 years$1,212$753$452$263$150$58
42 years$1,170$718$424$243$136$51
43 years$1,130$684$398$224$124$45
44 years$1,092$652$373$207$112$40
45 years$1,056$621$350$191$102$35
46 years$1,021$593$329$177$93$31
47 years$988$566$309$163$84$27
48 years$956$540$291$151$76$24
49 years$926$516$273$139$69$21
50 years$897$493$257$129$63$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $919,000, adding $6,329 every year, while hoping to spend $55,297 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: 66/29/5 Blend
39$919,000$919,000$919,000$919,000
40$1,019,266$970,559$956,315$1,085,461
41$1,064,396$959,281$929,516$1,118,908
42$1,112,275$945,597$899,966$1,148,196
43$1,163,127$929,331$867,514$1,178,715
44$1,217,193$910,295$832,003$1,210,577
45$1,274,741$888,293$793,269$1,243,906
46$1,336,059$863,115$751,139$1,278,843
47$1,401,469$834,539$705,433$1,315,541
48$1,471,317$802,330$655,964$1,354,175
49$1,545,988$766,240$602,534$1,394,936
50$1,625,899$726,007$544,940$1,438,039
51$1,711,512$681,352$482,967$1,483,724
52$1,803,330$631,982$416,390$1,532,256
53$1,901,906$577,586$344,975$1,583,931
54$2,007,848$517,835$268,480$1,639,079
55$2,121,823$452,383$186,648$1,698,066
56$2,244,562$380,863$99,214$1,761,299
57$2,376,869$302,888$5,900$1,829,232
58$2,519,628$218,047$0$1,902,366
59$2,673,808$125,909$0$1,986,259
60$2,840,475$26,018$0$2,077,194
61$3,020,802$0$0$2,175,561
62$3,216,076$0$0$2,308,345
63$3,427,713$0$0$2,461,303
64$3,657,270$0$0$2,627,265
65$3,906,460$0$0$2,807,475
66$4,177,166$0$0$3,003,301
67$4,471,460$0$0$3,216,249
68$4,791,621$0$0$3,447,977
69$5,140,156$0$0$3,700,306
70$5,519,826$0$0$3,975,243
71$5,933,666$0$0$4,274,995
72$6,385,018$0$0$4,601,991
73$6,877,561$0$0$4,958,906
74$7,415,344$0$0$5,348,683
75$8,002,823$0$0$5,774,561
76$8,644,905$0$0$6,240,110
77$9,346,992$0$0$6,749,255
78$10,115,031$0$0$7,306,322
79$10,955,572$0$0$7,916,072
80$11,875,825$0$0$8,583,748
81$12,883,732$0$0$9,315,125
82$13,988,037$0$0$10,116,561
83$15,198,372$0$0$10,995,060
84$16,525,343$0$0$11,958,333
85$17,980,632$0$0$13,014,876
86$19,577,106$0$0$14,174,045
87$21,328,938$0$0$15,446,147
88$23,251,738$0$0$16,842,533
89$25,362,702$0$0$18,375,709
90$27,680,771$0$0$20,059,448
91$30,226,813$0$0$21,908,925
92$33,023,813$0$0$23,940,856
93$36,097,094$0$0$26,173,657
94$39,474,552$0$0$28,627,615
95$43,186,921$0$0$31,325,080
96$47,268,059$0$0$34,290,676
97$51,755,270$0$0$37,551,532
98$56,689,651$0$0$41,137,536
99$62,116,483$0$0$45,081,619
100$68,085,652$0$0$49,420,062