Can I retire at age 40 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$75,312$74,641$73,987$73,348$72,724$72,357
2 years$37,283$36,589$35,916$35,263$34,631$34,260
3 years$24,609$23,911$23,240$22,594$21,971$21,608
4 years$18,273$17,577$16,913$16,277$15,670$15,318
5 years$14,472$13,781$13,125$12,503$11,912$11,572
6 years$11,939$11,253$10,607$9,998$9,426$9,098
7 years$10,130$9,450$8,814$8,220$7,666$7,351
8 years$8,775$8,101$7,475$6,896$6,359$6,057
9 years$7,721$7,053$6,438$5,874$5,355$5,066
10 years$6,878$6,217$5,613$5,063$4,563$4,286
11 years$6,189$5,535$4,942$4,406$3,924$3,659
12 years$5,615$4,968$4,386$3,865$3,401$3,147
13 years$5,130$4,489$3,918$3,412$2,966$2,724
14 years$4,715$4,081$3,521$3,029$2,600$2,369
15 years$4,355$3,728$3,179$2,701$2,289$2,070
16 years$4,041$3,420$2,882$2,419$2,023$1,815
17 years$3,763$3,150$2,622$2,173$1,794$1,596
18 years$3,517$2,911$2,394$1,959$1,595$1,407
19 years$3,297$2,697$2,192$1,770$1,422$1,244
20 years$3,100$2,507$2,011$1,603$1,270$1,101
21 years$2,921$2,335$1,850$1,455$1,136$977
22 years$2,759$2,179$1,705$1,323$1,019$868
23 years$2,611$2,038$1,574$1,205$914$772
24 years$2,476$1,910$1,456$1,099$822$688
25 years$2,351$1,792$1,349$1,003$739$613
26 years$2,237$1,684$1,251$917$666$547
27 years$2,131$1,585$1,161$840$601$489
28 years$2,033$1,494$1,080$769$542$437
29 years$1,941$1,409$1,005$705$489$391
30 years$1,856$1,331$936$647$442$350
31 years$1,777$1,258$872$595$400$313
32 years$1,703$1,190$814$547$362$281
33 years$1,633$1,127$760$503$327$251
34 years$1,568$1,068$710$462$296$225
35 years$1,506$1,013$664$426$268$202
36 years$1,448$962$621$392$243$181
37 years$1,394$914$581$361$220$163
38 years$1,342$868$544$333$200$146
39 years$1,293$826$510$307$181$131
40 years$1,247$785$478$283$164$118
41 years$1,203$748$448$261$149$106
42 years$1,161$712$420$241$135$95
43 years$1,121$678$395$223$123$85
44 years$1,084$647$370$205$111$77
45 years$1,048$617$348$190$101$69
46 years$1,013$588$327$175$92$62
47 years$980$561$307$162$83$56
48 years$949$536$288$150$76$50
49 years$919$512$271$138$69$45
50 years$890$489$255$128$62$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $912,000, adding $2,997 every year, while hoping to spend $42,145 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: 59/33/8 Blend
39$912,000$912,000$912,000$912,000
40$1,008,115$959,779$945,643$1,065,645
41$1,066,101$961,967$932,481$1,106,803
42$1,128,589$962,849$917,464$1,146,607
43$1,195,994$962,317$900,488$1,188,959
44$1,268,771$960,256$881,440$1,234,108
45$1,347,421$956,544$860,203$1,282,326
46$1,432,494$951,051$836,656$1,333,917
47$1,524,595$943,639$810,671$1,389,215
48$1,624,389$934,162$782,114$1,448,593
49$1,732,607$922,467$750,845$1,512,458
50$1,850,053$908,388$716,718$1,581,267
51$1,977,611$891,752$679,581$1,655,521
52$2,116,254$872,374$639,274$1,735,776
53$2,267,052$850,060$595,629$1,822,645
54$2,431,182$824,603$548,473$1,916,810
55$2,609,939$795,785$497,624$2,019,021
56$2,804,748$763,375$442,890$2,130,110
57$3,017,179$727,127$384,074$2,250,995
58$3,248,958$686,783$320,967$2,382,693
59$3,501,985$642,069$253,352$2,526,326
60$3,778,353$592,695$181,005$2,683,136
61$4,080,363$538,356$103,687$2,854,496
62$4,410,552$478,727$21,153$3,041,920
63$4,771,712$413,468$0$3,247,085
64$5,166,914$342,216$0$3,477,555
65$5,599,545$264,590$0$3,731,961
66$6,073,331$180,187$0$4,010,778
67$6,592,376$88,581$0$4,316,529
68$7,161,200$0$0$4,651,995
69$7,784,780$0$0$5,024,126
70$8,468,600$0$0$5,467,554
71$9,218,697$0$0$5,954,038
72$10,041,722$0$0$6,487,899
73$10,945,001$0$0$7,073,901
74$11,936,604$0$0$7,717,288
75$13,025,420$0$0$8,423,840
76$14,221,241$0$0$9,199,920
77$15,534,853$0$0$10,052,541
78$16,978,139$0$0$10,989,428
79$18,564,190$0$0$12,019,090
80$20,307,429$0$0$13,150,903
81$22,223,743$0$0$14,395,196
82$24,330,637$0$0$15,763,348
83$26,647,397$0$0$17,267,897
84$29,195,270$0$0$18,922,655
85$31,997,666$0$0$20,742,842
86$35,080,377$0$0$22,745,225
87$38,471,822$0$0$24,948,279
88$42,203,312$0$0$27,372,361
89$46,309,345$0$0$30,039,899
90$50,827,934$0$0$32,975,606
91$55,800,964$0$0$36,206,712
92$61,274,582$0$0$39,763,219
93$67,299,640$0$0$43,678,188
94$73,932,168$0$0$47,988,047
95$81,233,905$0$0$52,732,933
96$89,272,880$0$0$57,957,076
97$98,124,053$0$0$63,709,212
98$107,870,025$0$0$70,043,041
99$118,601,810$0$0$77,017,739
100$130,419,703$0$0$84,698,511