Can I retire at age 40 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$75,477$74,805$74,149$73,509$72,884$71,558
2 years$37,365$36,669$35,995$35,341$34,706$33,376
3 years$24,663$23,964$23,291$22,643$22,019$20,725
4 years$18,313$17,616$16,950$16,313$15,704$14,456
5 years$14,504$13,811$13,154$12,530$11,938$10,740
6 years$11,965$11,278$10,630$10,020$9,446$8,299
7 years$10,153$9,471$8,834$8,238$7,682$6,587
8 years$8,794$8,118$7,492$6,911$6,373$5,329
9 years$7,738$7,069$6,453$5,887$5,367$4,374
10 years$6,893$6,231$5,626$5,074$4,573$3,629
11 years$6,203$5,547$4,953$4,416$3,933$3,038
12 years$5,628$4,978$4,395$3,874$3,408$2,560
13 years$5,141$4,499$3,927$3,420$2,972$2,170
14 years$4,725$4,090$3,528$3,036$2,605$1,848
15 years$4,365$3,736$3,186$2,707$2,294$1,580
16 years$4,049$3,428$2,888$2,424$2,027$1,355
17 years$3,772$3,157$2,628$2,178$1,798$1,165
18 years$3,525$2,917$2,399$1,963$1,598$1,004
19 years$3,305$2,703$2,196$1,774$1,425$867
20 years$3,106$2,512$2,016$1,606$1,273$750
21 years$2,927$2,340$1,854$1,458$1,139$650
22 years$2,765$2,184$1,709$1,326$1,021$563
23 years$2,617$2,043$1,578$1,207$916$489
24 years$2,481$1,914$1,459$1,101$824$425
25 years$2,356$1,796$1,351$1,006$741$370
26 years$2,242$1,688$1,253$919$668$322
27 years$2,135$1,589$1,164$842$602$280
28 years$2,037$1,497$1,082$771$543$244
29 years$1,946$1,412$1,007$707$490$213
30 years$1,861$1,334$938$649$443$185
31 years$1,781$1,261$874$596$401$162
32 years$1,707$1,193$816$548$362$141
33 years$1,637$1,130$762$504$328$123
34 years$1,571$1,071$712$463$297$107
35 years$1,510$1,016$665$427$269$94
36 years$1,452$964$622$393$244$82
37 years$1,397$916$583$362$221$71
38 years$1,345$870$546$334$200$62
39 years$1,296$827$511$308$182$55
40 years$1,250$787$479$284$165$48
41 years$1,206$749$449$262$149$42
42 years$1,164$714$421$242$136$36
43 years$1,124$680$395$223$123$32
44 years$1,086$648$371$206$112$28
45 years$1,050$618$349$190$101$24
46 years$1,015$590$327$176$92$21
47 years$983$563$308$162$84$19
48 years$951$537$289$150$76$16
49 years$921$513$272$139$69$14
50 years$892$490$255$128$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $914,000, adding $3,249 every year, while hoping to spend $30,500 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: 39/47/14 Blend
39$914,000$914,000$914,000$914,000
40$1,010,579$962,137$947,970$1,045,625
41$1,081,207$976,830$947,276$1,085,539
42$1,158,016$991,221$945,535$1,125,463
43$1,241,605$1,005,262$942,682$1,167,969
44$1,332,633$1,018,904$938,646$1,213,306
45$1,431,823$1,032,093$933,353$1,261,748
46$1,539,974$1,044,770$926,725$1,313,599
47$1,657,962$1,056,875$918,681$1,369,192
48$1,786,754$1,068,341$909,137$1,428,900
49$1,927,413$1,079,100$898,003$1,493,131
50$2,081,109$1,089,075$885,185$1,562,339
51$2,249,130$1,098,188$870,587$1,637,023
52$2,432,895$1,106,354$854,106$1,717,737
53$2,633,967$1,113,481$835,635$1,805,092
54$2,854,065$1,119,475$815,062$1,899,765
55$3,095,083$1,124,233$792,270$2,002,501
56$3,359,107$1,127,646$767,137$2,114,125
57$3,648,434$1,129,598$739,534$2,235,551
58$3,965,593$1,129,967$709,327$2,367,784
59$4,313,370$1,128,622$676,376$2,511,938
60$4,694,834$1,125,425$640,535$2,669,242
61$5,113,365$1,120,229$601,650$2,841,054
62$5,572,685$1,112,877$559,562$3,028,874
63$6,076,894$1,103,204$514,104$3,234,360
64$6,630,511$1,091,034$465,100$3,459,339
65$7,238,511$1,076,182$412,368$3,705,834
66$7,906,375$1,058,451$355,718$3,976,075
67$8,640,141$1,037,631$294,951$4,272,526
68$9,446,462$1,013,502$229,858$4,597,906
69$10,332,666$985,828$160,224$4,955,219
70$11,306,827$954,363$85,820$5,347,779
71$12,377,839$918,842$6,411$5,779,246
72$13,555,503$878,990$0$6,253,659
73$14,850,615$834,511$0$6,787,178
74$16,275,070$785,094$0$7,374,804
75$17,841,975$730,412$0$8,021,049
76$19,565,770$670,116$0$8,731,947
77$21,462,366$603,839$0$9,514,156
78$23,549,292$531,192$0$10,375,017
79$25,845,865$451,765$0$11,322,629
80$28,373,366$365,124$0$12,365,925
81$31,155,245$270,811$0$13,514,758
82$34,217,342$168,342$0$14,779,993
83$37,588,127$57,207$0$16,173,615
84$41,298,971$0$0$17,708,839
85$45,384,442$0$0$19,432,894
86$49,882,631$0$0$21,363,844
87$54,835,507$0$0$23,490,138
88$60,289,319$0$0$25,831,649
89$66,295,029$0$0$28,410,279
90$72,908,791$0$0$31,250,159
91$80,192,485$0$0$34,377,881
92$88,214,296$0$0$37,822,746
93$97,049,360$0$0$41,617,045
94$106,780,473$0$0$45,796,359
95$117,498,869$0$0$50,399,895
96$129,305,086$0$0$55,470,860
97$142,309,909$0$0$61,056,864
98$156,635,419$0$0$67,210,371
99$172,416,142$0$0$73,989,196
100$189,800,323$0$0$81,457,047