Can I retire at age 40 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$74,569$73,905$73,257$72,624$72,006$71,314
2 years$36,915$36,228$35,561$34,915$34,289$33,591
3 years$24,366$23,675$23,011$22,371$21,754$21,073
4 years$18,092$17,404$16,746$16,117$15,515$14,856
5 years$14,329$13,645$12,995$12,379$11,794$11,159
6 years$11,821$11,142$10,502$9,900$9,333$8,721
7 years$10,030$9,357$8,727$8,139$7,590$7,003
8 years$8,688$8,021$7,402$6,828$6,297$5,735
9 years$7,644$6,983$6,375$5,816$5,303$4,765
10 years$6,810$6,156$5,558$5,013$4,518$4,005
11 years$6,128$5,480$4,893$4,363$3,886$3,397
12 years$5,560$4,919$4,342$3,827$3,367$2,902
13 years$5,080$4,445$3,880$3,379$2,936$2,493
14 years$4,668$4,040$3,486$2,999$2,574$2,153
15 years$4,312$3,691$3,147$2,675$2,266$1,867
16 years$4,001$3,386$2,854$2,395$2,003$1,625
17 years$3,726$3,119$2,597$2,152$1,776$1,418
18 years$3,483$2,882$2,370$1,939$1,579$1,241
19 years$3,265$2,671$2,170$1,752$1,408$1,088
20 years$3,069$2,482$1,991$1,587$1,257$956
21 years$2,892$2,312$1,832$1,440$1,125$841
22 years$2,732$2,158$1,688$1,310$1,008$741
23 years$2,585$2,018$1,559$1,193$905$654
24 years$2,451$1,891$1,442$1,088$814$578
25 years$2,328$1,775$1,335$993$732$511
26 years$2,215$1,668$1,238$908$660$452
27 years$2,110$1,570$1,150$831$595$400
28 years$2,013$1,479$1,069$762$537$355
29 years$1,922$1,395$995$699$484$314
30 years$1,838$1,318$927$641$438$279
31 years$1,760$1,246$864$589$396$247
32 years$1,686$1,179$806$541$358$220
33 years$1,617$1,116$753$498$324$195
34 years$1,552$1,058$703$458$293$173
35 years$1,492$1,003$657$421$266$154
36 years$1,434$952$615$388$241$137
37 years$1,380$905$576$358$218$122
38 years$1,329$860$539$330$198$108
39 years$1,280$817$505$304$179$96
40 years$1,235$778$473$280$163$86
41 years$1,191$740$444$259$148$76
42 years$1,150$705$416$239$134$68
43 years$1,110$672$391$220$122$60
44 years$1,073$640$367$203$110$54
45 years$1,037$611$344$188$100$48
46 years$1,003$583$323$174$91$42
47 years$971$556$304$160$83$38
48 years$940$531$286$148$75$34
49 years$910$507$268$137$68$30
50 years$882$484$252$127$62$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $903,000, adding $4,140 every year, while hoping to spend $22,882 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: 56/29/15 Blend
39$903,000$903,000$903,000$903,000
40$999,376$951,517$937,521$1,051,209
41$1,076,967$973,795$944,582$1,109,149
42$1,161,704$996,398$951,112$1,169,389
43$1,254,294$1,019,318$957,070$1,234,484
44$1,355,511$1,042,544$962,412$1,304,903
45$1,466,211$1,066,067$967,090$1,381,164
46$1,587,335$1,089,874$971,058$1,463,836
47$1,719,917$1,113,952$974,263$1,553,545
48$1,865,100$1,138,286$976,651$1,650,983
49$2,024,137$1,162,860$978,166$1,756,912
50$2,198,414$1,187,655$978,750$1,872,170
51$2,389,454$1,212,651$978,339$1,997,682
52$2,598,933$1,237,826$976,869$2,134,466
53$2,828,701$1,263,156$974,270$2,283,646
54$3,080,792$1,288,615$970,472$2,446,457
55$3,357,449$1,314,173$965,399$2,624,264
56$3,661,141$1,339,800$958,972$2,818,569
57$3,994,588$1,365,461$951,109$3,031,026
58$4,360,788$1,391,120$941,722$3,263,462
59$4,763,040$1,416,737$930,722$3,517,887
60$5,204,982$1,442,269$918,013$3,796,517
61$5,690,620$1,467,669$903,496$4,101,796
62$6,224,366$1,492,888$887,066$4,436,415
63$6,811,084$1,517,872$868,615$4,803,343
64$7,456,129$1,542,563$848,029$5,205,849
65$8,165,405$1,566,898$825,188$5,647,539
66$8,945,412$1,590,812$799,967$6,132,385
67$9,803,314$1,614,232$772,237$6,664,766
68$10,747,005$1,637,082$741,859$7,249,510
69$11,785,180$1,659,280$708,692$7,891,935
70$12,927,422$1,680,738$672,587$8,597,905
71$14,184,287$1,701,362$633,387$9,373,883
72$15,567,408$1,721,053$590,929$10,226,991
73$17,089,601$1,739,702$545,043$11,165,080
74$18,764,989$1,757,196$495,550$12,196,803
75$20,609,133$1,773,414$442,266$13,331,696
76$22,639,177$1,788,224$384,995$14,580,273
77$24,874,016$1,801,490$323,535$15,954,117
78$27,334,466$1,813,063$257,673$17,466,000
79$30,043,465$1,822,787$187,190$19,129,993
80$33,026,291$1,830,496$111,853$20,961,611
81$36,310,794$1,836,011$31,421$22,977,949
82$39,927,665$1,839,146$0$25,197,850
83$43,910,721$1,839,698$0$27,650,793
84$48,297,228$1,837,457$0$30,356,890
85$53,128,248$1,832,195$0$33,336,380
86$58,449,031$1,823,674$0$36,617,113
87$64,309,437$1,811,639$0$40,229,782
88$70,764,411$1,795,820$0$44,208,212
89$77,874,497$1,775,932$0$48,589,678
90$85,706,413$1,751,671$0$53,415,263
91$94,333,680$1,722,715$0$58,730,238
92$103,837,312$1,688,725$0$64,584,495
93$114,306,586$1,649,340$0$71,033,017
94$125,839,877$1,604,177$0$78,136,401
95$138,545,596$1,552,834$0$85,961,423
96$152,543,205$1,494,881$0$94,581,675
97$167,964,348$1,429,866$0$104,078,261
98$184,954,092$1,357,310$0$114,540,557
99$203,672,298$1,276,706$0$126,067,062
100$224,295,126$1,187,519$0$138,766,325