Can I retire at age 40 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$74,982$74,314$73,662$73,026$72,405$69,920
2 years$37,120$36,428$35,758$35,109$34,479$32,000
3 years$24,501$23,806$23,138$22,495$21,875$19,480
4 years$18,192$17,500$16,839$16,206$15,601$13,310
5 years$14,408$13,720$13,067$12,448$11,860$9,677
6 years$11,887$11,204$10,560$9,955$9,384$7,312
7 years$10,086$9,409$8,776$8,184$7,632$5,670
8 years$8,736$8,065$7,443$6,866$6,331$4,479
9 years$7,687$7,022$6,410$5,848$5,332$3,586
10 years$6,848$6,190$5,589$5,041$4,543$2,900
11 years$6,162$5,510$4,920$4,387$3,907$2,365
12 years$5,591$4,946$4,366$3,848$3,386$1,940
13 years$5,108$4,470$3,901$3,397$2,953$1,600
14 years$4,694$4,063$3,505$3,016$2,588$1,324
15 years$4,336$3,711$3,165$2,690$2,279$1,100
16 years$4,023$3,405$2,869$2,408$2,014$916
17 years$3,747$3,136$2,611$2,164$1,786$765
18 years$3,502$2,898$2,383$1,950$1,588$639
19 years$3,283$2,686$2,182$1,762$1,415$535
20 years$3,086$2,496$2,002$1,596$1,264$449
21 years$2,908$2,325$1,842$1,448$1,131$377
22 years$2,747$2,170$1,698$1,317$1,014$317
23 years$2,599$2,029$1,567$1,199$910$266
24 years$2,465$1,901$1,450$1,094$818$224
25 years$2,341$1,784$1,343$999$736$188
26 years$2,227$1,677$1,245$913$663$159
27 years$2,121$1,578$1,156$836$598$134
28 years$2,024$1,487$1,075$766$539$113
29 years$1,933$1,403$1,000$702$487$95
30 years$1,848$1,325$932$645$440$80
31 years$1,769$1,253$869$592$398$67
32 years$1,695$1,185$810$544$360$57
33 years$1,626$1,122$757$500$326$48
34 years$1,561$1,064$707$460$295$40
35 years$1,500$1,009$661$424$267$34
36 years$1,442$958$618$390$242$29
37 years$1,388$910$579$360$219$24
38 years$1,336$864$542$331$199$20
39 years$1,288$822$508$306$180$17
40 years$1,241$782$476$282$164$15
41 years$1,198$744$446$260$148$12
42 years$1,156$709$419$240$135$10
43 years$1,116$676$393$222$122$9
44 years$1,079$644$369$205$111$7
45 years$1,043$614$346$189$101$6
46 years$1,009$586$325$175$91$5
47 years$976$559$306$161$83$4
48 years$945$534$287$149$75$4
49 years$915$510$270$138$68$3
50 years$887$487$254$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $908,000, adding $5,290 every year, while hoping to spend $32,925 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: 50/43/7 Blend
39$908,000$908,000$908,000$908,000
40$1,006,073$957,949$943,875$1,054,326
41$1,073,660$969,856$940,462$1,099,704
42$1,147,038$981,244$935,833$1,145,019
43$1,226,762$992,051$929,909$1,193,478
44$1,313,444$1,002,214$922,613$1,245,384
45$1,407,756$1,011,663$913,862$1,301,069
46$1,510,439$1,020,326$903,568$1,360,903
47$1,622,307$1,028,126$891,641$1,425,294
48$1,744,257$1,034,978$877,985$1,494,690
49$1,877,274$1,040,794$862,500$1,569,588
50$2,022,444$1,045,482$845,083$1,650,536
51$2,180,964$1,048,941$825,623$1,738,141
52$2,354,147$1,051,064$804,006$1,833,071
53$2,543,443$1,051,739$780,113$1,936,064
54$2,750,446$1,050,846$753,819$2,047,937
55$2,976,912$1,048,258$724,992$2,169,590
56$3,224,774$1,043,839$693,496$2,302,017
57$3,496,160$1,037,447$659,188$2,446,316
58$3,793,416$1,028,929$621,918$2,603,701
59$4,119,122$1,018,124$581,530$2,775,508
60$4,476,121$1,004,862$537,861$2,963,217
61$4,867,545$988,960$490,739$3,168,457
62$5,296,843$970,226$439,986$3,393,031
63$5,767,812$948,459$385,417$3,638,927
64$6,284,637$923,442$326,837$3,908,337
65$6,851,927$894,946$264,042$4,203,685
66$7,474,756$862,732$196,821$4,527,643
67$8,158,719$826,543$124,951$4,883,161
68$8,909,973$786,109$48,203$5,273,495
69$9,735,307$741,144$0$5,702,239
70$10,642,194$691,347$0$6,175,873
71$11,638,872$636,397$0$6,700,262
72$12,734,413$575,956$0$7,276,647
73$13,938,812$509,667$0$7,910,377
74$15,263,084$437,153$0$8,607,348
75$16,719,360$358,016$0$9,374,066
76$18,321,009$271,832$0$10,217,706
77$20,082,758$178,159$0$11,146,183
78$22,020,836$76,525$0$12,168,227
79$24,153,121$0$0$13,293,465
80$26,499,314$0$0$14,548,397
81$29,081,119$0$0$15,969,311
82$31,922,452$0$0$17,533,173
83$35,049,667$0$0$19,254,501
84$38,491,797$0$0$21,149,292
85$42,280,837$0$0$23,235,173
86$46,452,040$0$0$25,531,566
87$51,044,250$0$0$28,059,874
88$56,100,270$0$0$30,843,677
89$61,667,264$0$0$33,908,962
90$67,797,200$0$0$37,284,362
91$74,547,347$0$0$41,001,428
92$81,980,805$0$0$45,094,927
93$90,167,110$0$0$49,603,172
94$99,182,882$0$0$54,568,376
95$109,112,553$0$0$60,037,061
96$120,049,160$0$0$66,060,487
97$132,095,226$0$0$72,695,141
98$145,363,723$0$0$80,003,270
99$159,979,143$0$0$88,053,463
100$176,078,667$0$0$96,921,308