Can I retire at age 40 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$75,230$74,559$73,906$73,268$72,644$70,095
2 years$37,242$36,549$35,877$35,225$34,593$32,051
3 years$24,582$23,885$23,214$22,569$21,947$19,493
4 years$18,252$17,558$16,894$16,260$15,653$13,305
5 years$14,456$13,766$13,111$12,489$11,899$9,663
6 years$11,926$11,241$10,595$9,987$9,415$7,294
7 years$10,119$9,440$8,805$8,211$7,657$5,650
8 years$8,765$8,092$7,467$6,888$6,352$4,457
9 years$7,712$7,045$6,431$5,867$5,350$3,564
10 years$6,870$6,210$5,607$5,058$4,558$2,879
11 years$6,182$5,529$4,936$4,402$3,920$2,344
12 years$5,609$4,962$4,381$3,861$3,397$1,921
13 years$5,125$4,484$3,914$3,409$2,962$1,582
14 years$4,710$4,076$3,517$3,026$2,597$1,308
15 years$4,350$3,724$3,175$2,698$2,286$1,085
16 years$4,036$3,416$2,879$2,416$2,021$902
17 years$3,759$3,146$2,620$2,171$1,792$752
18 years$3,513$2,907$2,391$1,956$1,593$628
19 years$3,294$2,694$2,189$1,768$1,420$525
20 years$3,096$2,504$2,009$1,601$1,268$439
21 years$2,918$2,332$1,848$1,453$1,135$368
22 years$2,756$2,177$1,703$1,321$1,017$309
23 years$2,608$2,036$1,573$1,203$913$259
24 years$2,473$1,908$1,454$1,097$821$218
25 years$2,349$1,790$1,347$1,002$739$183
26 years$2,234$1,683$1,249$916$665$154
27 years$2,128$1,584$1,160$839$600$129
28 years$2,030$1,492$1,078$768$541$109
29 years$1,939$1,408$1,004$705$489$92
30 years$1,854$1,329$935$647$442$77
31 years$1,775$1,257$872$594$399$65
32 years$1,701$1,189$813$546$361$55
33 years$1,631$1,126$759$502$327$46
34 years$1,566$1,067$709$462$296$39
35 years$1,505$1,012$663$425$268$33
36 years$1,447$961$620$392$243$27
37 years$1,392$913$581$361$220$23
38 years$1,341$867$544$333$200$19
39 years$1,292$825$509$307$181$16
40 years$1,245$785$478$283$164$14
41 years$1,202$747$448$261$149$12
42 years$1,160$711$420$241$135$10
43 years$1,120$678$394$222$123$8
44 years$1,082$646$370$205$111$7
45 years$1,046$616$347$190$101$6
46 years$1,012$588$326$175$92$5
47 years$979$561$307$162$83$4
48 years$948$535$288$149$76$3
49 years$918$511$271$138$69$3
50 years$889$488$255$128$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $911,000, adding $2,794 every year, while hoping to spend $46,972 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: 65/5/30 Blend
39$911,000$911,000$911,000$911,000
40$1,006,804$958,521$944,401$1,064,032
41$1,059,520$955,511$926,060$1,100,114
42$1,116,039$950,779$905,531$1,134,109
43$1,176,699$944,191$882,690$1,170,261
44$1,241,871$935,605$857,409$1,208,787
45$1,311,963$924,871$829,554$1,249,930
46$1,387,422$911,828$798,982$1,293,959
47$1,468,740$896,308$765,549$1,341,172
48$1,556,456$878,132$729,099$1,391,897
49$1,651,162$857,108$689,472$1,446,501
50$1,753,511$833,037$646,500$1,505,387
51$1,864,219$805,705$600,007$1,569,002
52$1,984,072$774,888$549,810$1,637,842
53$2,113,935$740,345$495,717$1,712,454
54$2,254,761$701,826$437,527$1,793,445
55$2,407,595$659,064$375,033$1,881,486
56$2,573,587$611,776$308,014$1,977,319
57$2,754,004$559,664$236,243$2,081,763
58$2,950,238$502,412$159,483$2,195,727
59$3,163,820$439,689$77,483$2,320,212
60$3,396,436$371,140$0$2,456,328
61$3,649,941$296,394$0$2,608,508
62$3,926,376$215,059$0$2,801,576
63$4,227,989$126,719$0$3,012,289
64$4,557,251$30,935$0$3,242,395
65$4,916,884$0$0$3,493,820
66$5,309,887$0$0$3,772,685
67$5,739,557$0$0$4,079,488
68$6,209,528$0$0$4,415,128
69$6,723,799$0$0$4,782,468
70$7,286,774$0$0$5,184,663
71$7,903,302$0$0$5,625,184
72$8,578,724$0$0$6,107,856
73$9,318,922$0$0$6,636,892
74$10,130,373$0$0$7,216,929
75$11,020,211$0$0$7,853,077
76$11,996,293$0$0$8,550,963
77$13,067,274$0$0$9,316,785
78$14,242,688$0$0$10,157,369
79$15,533,033$0$0$11,080,237
80$16,949,879$0$0$12,093,671
81$18,505,965$0$0$13,206,799
82$20,215,329$0$0$14,429,672
83$22,093,433$0$0$15,773,366
84$24,157,313$0$0$17,250,079
85$26,425,734$0$0$18,873,255
86$28,919,372$0$0$20,657,699
87$31,661,005$0$0$22,619,728
88$34,675,728$0$0$24,777,313
89$37,991,189$0$0$27,150,260
90$41,637,852$0$0$29,760,385
91$45,649,278$0$0$32,631,728
92$50,062,447$0$0$35,790,776
93$54,918,103$0$0$39,266,710
94$60,261,139$0$0$43,091,686
95$66,141,018$0$0$47,301,132
96$72,612,242$0$0$51,934,086
97$79,734,863$0$0$57,033,560
98$87,575,051$0$0$62,646,951
99$96,205,716$0$0$68,826,479
100$105,707,196$0$0$75,629,691