Can I retire at age 40 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$74,239$73,577$72,932$72,302$71,688$70,558
2 years$36,752$36,067$35,404$34,761$34,137$33,002
3 years$24,258$23,570$22,909$22,272$21,658$20,553
4 years$18,012$17,327$16,672$16,045$15,447$14,380
5 years$14,266$13,584$12,938$12,324$11,742$10,717
6 years$11,769$11,093$10,456$9,856$9,291$8,308
7 years$9,986$9,316$8,689$8,103$7,556$6,616
8 years$8,650$7,985$7,369$6,797$6,269$5,371
9 years$7,611$6,953$6,347$5,790$5,279$4,424
10 years$6,780$6,128$5,533$4,991$4,498$3,685
11 years$6,101$5,456$4,871$4,344$3,868$3,096
12 years$5,535$4,897$4,323$3,810$3,352$2,619
13 years$5,057$4,425$3,862$3,364$2,923$2,229
14 years$4,647$4,022$3,470$2,986$2,563$1,906
15 years$4,293$3,675$3,133$2,663$2,256$1,636
16 years$3,983$3,371$2,841$2,384$1,994$1,409
17 years$3,710$3,105$2,585$2,142$1,768$1,217
18 years$3,467$2,869$2,360$1,931$1,572$1,053
19 years$3,250$2,659$2,160$1,744$1,401$913
20 years$3,055$2,471$1,983$1,580$1,252$794
21 years$2,879$2,302$1,824$1,434$1,120$691
22 years$2,719$2,148$1,681$1,304$1,004$602
23 years$2,574$2,009$1,552$1,187$901$525
24 years$2,440$1,883$1,435$1,083$810$458
25 years$2,318$1,767$1,329$989$729$400
26 years$2,205$1,660$1,233$904$657$350
27 years$2,100$1,563$1,145$828$592$306
28 years$2,004$1,473$1,064$758$534$268
29 years$1,914$1,389$990$695$482$235
30 years$1,830$1,312$923$638$436$206
31 years$1,752$1,240$860$586$394$180
32 years$1,679$1,173$802$539$356$158
33 years$1,610$1,111$749$495$323$139
34 years$1,546$1,053$700$456$292$122
35 years$1,485$999$654$420$265$107
36 years$1,428$948$612$386$240$94
37 years$1,374$901$573$356$217$82
38 years$1,323$856$537$328$197$72
39 years$1,275$814$503$303$179$63
40 years$1,229$774$471$279$162$56
41 years$1,186$737$442$258$147$49
42 years$1,145$702$415$238$133$43
43 years$1,105$669$389$219$121$38
44 years$1,068$638$365$203$110$33
45 years$1,033$608$343$187$100$29
46 years$999$580$322$173$91$26
47 years$966$553$302$160$82$22
48 years$936$528$284$148$75$20
49 years$906$505$267$136$68$17
50 years$878$482$251$126$62$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $899,000, adding $2,547 every year, while hoping to spend $58,727 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: 48/29/23 Blend
39$899,000$899,000$899,000$899,000
40$993,325$945,678$931,744$1,034,408
41$1,032,159$929,531$900,472$1,047,219
42$1,072,986$910,625$866,185$1,055,053
43$1,115,947$888,762$828,718$1,062,364
44$1,161,196$863,734$787,902$1,069,131
45$1,208,900$835,318$743,559$1,075,333
46$1,259,241$803,283$695,502$1,080,951
47$1,312,419$767,379$643,536$1,085,968
48$1,368,650$727,345$587,459$1,090,371
49$1,428,172$682,904$527,058$1,094,152
50$1,491,241$633,762$462,111$1,097,304
51$1,558,142$579,611$392,386$1,099,829
52$1,629,183$520,122$317,641$1,101,733
53$1,704,702$454,950$237,624$1,103,029
54$1,785,067$383,728$152,070$1,103,739
55$1,870,685$306,072$60,705$1,103,894
56$1,961,996$221,571$0$1,103,536
57$2,059,488$129,796$0$1,111,750
58$2,163,690$30,290$0$1,136,059
59$2,275,187$0$0$1,161,711
60$2,394,616$0$0$1,213,598
61$2,522,679$0$0$1,279,667
62$2,660,144$0$0$1,350,657
63$2,807,856$0$0$1,427,012
64$2,966,740$0$0$1,509,221
65$3,137,813$0$0$1,597,820
66$3,322,193$0$0$1,693,398
67$3,521,106$0$0$1,796,602
68$3,735,899$0$0$1,908,142
69$3,968,054$0$0$2,028,801
70$4,219,198$0$0$2,159,436
71$4,491,120$0$0$2,300,993
72$4,785,788$0$0$2,454,510
73$5,105,364$0$0$2,621,128
74$5,452,226$0$0$2,802,103
75$5,828,992$0$0$2,998,817
76$6,238,537$0$0$3,212,789
77$6,684,028$0$0$3,445,690
78$7,168,948$0$0$3,699,362
79$7,697,129$0$0$3,975,828
80$8,272,788$0$0$4,277,315
81$8,900,566$0$0$4,606,277
82$9,585,573$0$0$4,965,413
83$10,333,431$0$0$5,357,693
84$11,150,329$0$0$5,786,389
85$12,043,081$0$0$6,255,101
86$13,019,190$0$0$6,767,795
87$14,086,916$0$0$7,328,835
88$15,255,352$0$0$7,943,030
89$16,534,512$0$0$8,615,672
90$17,935,426$0$0$9,352,591
91$19,470,236$0$0$10,160,206
92$21,152,316$0$0$11,045,588
93$22,996,397$0$0$12,016,524
94$25,018,699$0$0$13,081,590
95$27,237,092$0$0$14,250,234
96$29,671,255$0$0$15,532,860
97$32,342,866$0$0$16,940,931
98$35,275,804$0$0$18,487,072
99$38,496,371$0$0$20,185,192
100$42,033,542$0$0$22,050,612