Can I retire at age 40 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$76,055$75,378$74,717$74,072$73,442$72,826
2 years$37,651$36,950$36,270$35,611$34,972$34,352
3 years$24,851$24,147$23,469$22,817$22,188$21,582
4 years$18,453$17,751$17,080$16,438$15,825$15,238
5 years$14,615$13,917$13,255$12,626$12,030$11,464
6 years$12,057$11,364$10,712$10,097$9,519$8,974
7 years$10,230$9,544$8,901$8,301$7,741$7,218
8 years$8,861$8,181$7,549$6,964$6,422$5,921
9 years$7,797$7,123$6,502$5,932$5,408$4,929
10 years$6,946$6,278$5,669$5,113$4,608$4,150
11 years$6,250$5,589$4,991$4,450$3,963$3,526
12 years$5,671$5,017$4,429$3,903$3,434$3,018
13 years$5,181$4,534$3,957$3,446$2,995$2,598
14 years$4,761$4,121$3,555$3,059$2,625$2,248
15 years$4,398$3,764$3,210$2,728$2,311$1,954
16 years$4,080$3,454$2,910$2,443$2,043$1,703
17 years$3,800$3,181$2,648$2,195$1,811$1,490
18 years$3,552$2,939$2,418$1,978$1,611$1,306
19 years$3,330$2,724$2,213$1,787$1,436$1,148
20 years$3,130$2,531$2,031$1,619$1,282$1,011
21 years$2,950$2,358$1,868$1,469$1,147$891
22 years$2,786$2,201$1,722$1,336$1,029$787
23 years$2,637$2,058$1,590$1,216$923$696
24 years$2,500$1,929$1,470$1,109$830$616
25 years$2,374$1,810$1,362$1,013$747$546
26 years$2,259$1,701$1,263$926$673$484
27 years$2,152$1,601$1,173$848$606$430
28 years$2,053$1,509$1,090$777$547$382
29 years$1,961$1,423$1,015$712$494$339
30 years$1,875$1,344$945$654$446$302
31 years$1,795$1,271$881$601$404$268
32 years$1,720$1,202$822$552$365$239
33 years$1,649$1,138$768$508$330$213
34 years$1,583$1,079$717$467$299$189
35 years$1,521$1,023$670$430$271$169
36 years$1,463$971$627$396$246$150
37 years$1,408$923$587$365$223$134
38 years$1,355$877$550$336$202$119
39 years$1,306$834$515$310$183$106
40 years$1,259$793$483$286$166$95
41 years$1,215$755$453$264$151$85
42 years$1,173$719$425$243$137$76
43 years$1,132$685$398$225$124$67
44 years$1,094$653$374$208$113$60
45 years$1,058$623$351$192$102$54
46 years$1,023$594$330$177$93$48
47 years$990$567$310$164$84$43
48 years$958$541$291$151$76$38
49 years$928$517$274$140$69$34
50 years$899$494$257$129$63$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $921,000, adding $4,082 every year, while hoping to spend $31,643 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: 84/7/9 Blend
39$921,000$921,000$921,000$921,000
40$1,019,153$970,340$956,064$1,103,202
41$1,089,438$984,218$954,424$1,172,620
42$1,165,832$997,717$951,669$1,244,169
43$1,248,925$1,010,782$947,728$1,321,780
44$1,339,365$1,023,360$942,526$1,406,041
45$1,437,865$1,035,390$935,986$1,497,604
46$1,545,212$1,046,808$928,026$1,597,181
47$1,662,270$1,057,548$918,561$1,705,562
48$1,789,990$1,067,537$907,501$1,823,612
49$1,929,420$1,076,697$894,754$1,952,288
50$2,081,713$1,084,947$880,220$2,092,641
51$2,248,137$1,092,200$863,797$2,245,832
52$2,430,091$1,098,361$845,378$2,413,135
53$2,629,112$1,103,333$824,850$2,595,958
54$2,846,895$1,107,009$802,096$2,795,850
55$3,085,304$1,109,279$776,992$3,014,519
56$3,346,394$1,110,022$749,410$3,253,845
57$3,632,427$1,109,114$719,216$3,515,899
58$3,945,893$1,106,419$686,268$3,802,966
59$4,289,535$1,101,794$650,419$4,117,561
60$4,666,376$1,095,090$611,516$4,462,454
61$5,079,742$1,086,146$569,398$4,840,701
62$5,533,300$1,074,791$523,897$5,255,666
63$6,031,087$1,060,846$474,838$5,711,058
64$6,577,549$1,044,119$422,037$6,210,961
65$7,177,587$1,024,409$365,302$6,759,878
66$7,836,596$1,001,500$304,435$7,362,772
67$8,560,521$975,166$239,226$8,025,108
68$9,355,910$945,166$169,457$8,752,911
69$10,229,980$911,245$94,900$9,552,819
70$11,190,677$873,136$15,319$10,432,150
71$12,246,759$830,552$0$11,398,964
72$13,407,872$783,192$0$12,468,830
73$14,684,644$730,738$0$13,646,859
74$16,088,786$672,853$0$14,942,392
75$17,633,199$609,179$0$16,367,346
76$19,332,099$539,342$0$17,934,852
77$21,201,145$462,943$0$19,659,379
78$23,257,596$379,560$0$21,556,868
79$25,520,463$288,751$0$23,644,888
80$28,010,696$190,046$0$25,942,796
81$30,751,379$82,950$0$28,471,924
82$33,767,944$0$0$31,255,776
83$37,088,416$0$0$34,322,800
84$40,743,675$0$0$37,706,110
85$44,767,746$0$0$41,430,813
86$49,198,121$0$0$45,531,614
87$54,076,112$0$0$50,046,755
88$59,447,242$0$0$55,018,374
89$65,361,671$0$0$60,492,904
90$71,874,672$0$0$66,521,509
91$79,047,152$0$0$73,160,570
92$86,946,224$0$0$80,472,212
93$95,645,844$0$0$88,524,893
94$105,227,505$0$0$97,394,050
95$115,781,008$0$0$107,162,808
96$127,405,308$0$0$117,922,769
97$140,209,447$0$0$129,774,871
98$154,313,585$0$0$142,830,342
99$169,850,133$0$0$157,211,752
100$186,965,001$0$0$173,054,166