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%13.5%
1 years$75,890$75,214$74,555$73,911$73,282$72,217
2 years$37,569$36,870$36,192$35,534$34,896$33,825
3 years$24,797$24,095$23,418$22,767$22,140$21,096
4 years$18,413$17,712$17,043$16,402$15,790$14,782
5 years$14,583$13,887$13,226$12,599$12,003$11,034
6 years$12,031$11,339$10,688$10,075$9,498$8,568
7 years$10,208$9,523$8,882$8,283$7,724$6,835
8 years$8,842$8,163$7,533$6,949$6,408$5,558
9 years$7,780$7,107$6,488$5,919$5,397$4,586
10 years$6,931$6,265$5,656$5,102$4,598$3,827
11 years$6,236$5,577$4,980$4,440$3,955$3,221
12 years$5,658$5,006$4,419$3,895$3,427$2,731
13 years$5,170$4,524$3,948$3,438$2,988$2,328
14 years$4,751$4,112$3,548$3,052$2,620$1,995
15 years$4,388$3,756$3,203$2,722$2,306$1,716
16 years$4,072$3,446$2,904$2,437$2,038$1,481
17 years$3,792$3,174$2,643$2,190$1,807$1,281
18 years$3,544$2,933$2,412$1,974$1,607$1,112
19 years$3,323$2,718$2,208$1,783$1,432$966
20 years$3,123$2,526$2,027$1,615$1,279$841
21 years$2,943$2,353$1,864$1,466$1,145$734
22 years$2,780$2,196$1,718$1,333$1,026$641
23 years$2,631$2,054$1,586$1,214$921$560
24 years$2,495$1,924$1,467$1,107$828$490
25 years$2,369$1,806$1,359$1,011$745$429
26 years$2,254$1,697$1,260$924$671$376
27 years$2,147$1,597$1,170$846$605$330
28 years$2,048$1,505$1,088$775$546$290
29 years$1,956$1,420$1,012$711$493$254
30 years$1,871$1,341$943$652$446$223
31 years$1,791$1,268$879$599$403$196
32 years$1,716$1,200$820$551$364$172
33 years$1,646$1,136$766$506$330$152
34 years$1,580$1,077$716$466$299$133
35 years$1,518$1,021$669$429$270$117
36 years$1,460$969$626$395$245$103
37 years$1,404$921$586$364$222$91
38 years$1,352$875$549$335$201$80
39 years$1,303$832$514$309$183$70
40 years$1,256$792$482$285$166$62
41 years$1,212$753$452$263$150$55
42 years$1,170$718$424$243$136$48
43 years$1,130$684$398$224$124$42
44 years$1,092$652$373$207$112$37
45 years$1,056$621$350$191$102$33
46 years$1,021$593$329$177$93$29
47 years$988$566$309$163$84$25
48 years$956$540$291$151$76$22
49 years$926$516$273$139$69$20
50 years$897$493$257$129$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $919,000, adding $3,619 every year, while hoping to spend $23,121 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: 57/37/6 Blend
39$919,000$919,000$919,000$919,000
40$1,016,471$967,764$953,519$1,072,940
41$1,095,550$990,584$960,862$1,134,143
42$1,181,921$1,013,747$967,675$1,197,870
43$1,276,302$1,037,246$973,918$1,266,724
44$1,379,486$1,061,072$979,544$1,341,199
45$1,492,344$1,085,214$984,509$1,421,834
46$1,615,836$1,109,663$988,763$1,509,226
47$1,751,019$1,134,404$992,255$1,604,031
48$1,899,057$1,159,425$994,930$1,706,970
49$2,061,233$1,184,708$996,732$1,818,839
50$2,238,957$1,210,238$997,601$1,940,515
51$2,433,785$1,235,993$997,475$2,072,964
52$2,647,429$1,261,955$996,288$2,217,247
53$2,881,774$1,288,098$993,972$2,374,537
54$3,138,899$1,314,398$990,453$2,546,125
55$3,421,090$1,340,827$985,657$2,733,432
56$3,730,868$1,367,355$979,503$2,938,025
57$4,071,010$1,393,949$971,910$3,161,629
58$4,444,574$1,420,573$962,790$3,406,147
59$4,854,928$1,447,189$952,051$3,673,674
60$5,305,784$1,473,754$939,598$3,966,519
61$5,801,231$1,500,225$925,331$4,287,228
62$6,345,772$1,526,551$909,145$4,638,603
63$6,944,370$1,552,681$890,930$5,023,735
64$7,602,491$1,578,559$870,573$5,446,029
65$8,326,160$1,604,123$847,952$5,909,238
66$9,122,012$1,629,308$822,941$6,417,496
67$9,997,358$1,654,045$795,411$6,975,362
68$10,960,254$1,678,259$765,222$7,587,857
69$12,019,574$1,701,868$732,232$8,260,517
70$13,185,099$1,724,788$696,290$8,999,441
71$14,467,603$1,746,926$657,239$9,811,353
72$15,878,957$1,768,184$614,915$10,703,661
73$17,432,242$1,788,457$569,147$11,684,530
74$19,141,872$1,807,632$519,754$12,762,961
75$21,023,727$1,825,591$466,551$13,948,869
76$23,095,308$1,842,205$409,340$15,253,187
77$25,375,895$1,857,339$347,919$16,687,960
78$27,886,735$1,870,848$282,073$18,266,464
79$30,651,240$1,882,577$211,581$20,003,333
80$33,695,207$1,892,363$136,208$21,914,691
81$37,047,060$1,900,031$55,713$24,018,312
82$40,738,123$1,905,395$0$26,333,784
83$44,802,910$1,908,259$0$28,884,625
84$49,279,455$1,908,412$0$31,696,628
85$54,209,668$1,905,632$0$34,792,460
86$59,639,728$1,899,682$0$38,201,039
87$65,620,526$1,890,313$0$41,954,231
88$72,208,139$1,877,256$0$46,087,159
89$79,464,358$1,860,232$0$50,638,527
90$87,457,279$1,838,939$0$55,650,992
91$96,261,935$1,813,060$0$61,171,562
92$105,961,012$1,782,260$0$67,252,045
93$116,645,627$1,746,183$0$73,949,538
94$128,416,185$1,704,450$0$81,326,962
95$141,383,330$1,656,662$0$89,453,662
96$155,668,988$1,602,397$0$98,406,060
97$171,407,516$1,541,206$0$108,268,379
98$188,746,974$1,472,616$0$119,133,435
99$207,850,517$1,396,125$0$131,103,520
100$228,897,939$1,311,205$0$144,291,364