Can I retire at age 40 with 915,000?

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 $915,000?

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$75,560$74,887$74,230$73,589$72,963$70,403
2 years$37,406$36,709$36,034$35,379$34,744$32,191
3 years$24,690$23,990$23,316$22,668$22,043$19,578
4 years$18,333$17,635$16,968$16,331$15,721$13,363
5 years$14,519$13,826$13,168$12,544$11,951$9,706
6 years$11,978$11,290$10,642$10,031$9,457$7,326
7 years$10,164$9,481$8,843$8,247$7,691$5,674
8 years$8,803$8,127$7,500$6,918$6,380$4,476
9 years$7,746$7,076$6,460$5,893$5,373$3,580
10 years$6,901$6,237$5,632$5,080$4,578$2,892
11 years$6,209$5,553$4,958$4,421$3,937$2,355
12 years$5,634$4,984$4,400$3,878$3,412$1,929
13 years$5,147$4,504$3,931$3,424$2,975$1,589
14 years$4,730$4,094$3,532$3,039$2,608$1,313
15 years$4,369$3,740$3,189$2,710$2,296$1,089
16 years$4,054$3,431$2,891$2,427$2,030$906
17 years$3,776$3,160$2,631$2,180$1,800$755
18 years$3,529$2,920$2,402$1,965$1,600$630
19 years$3,308$2,706$2,199$1,776$1,426$527
20 years$3,110$2,515$2,018$1,608$1,274$441
21 years$2,931$2,342$1,856$1,459$1,140$370
22 years$2,768$2,187$1,711$1,327$1,022$310
23 years$2,620$2,045$1,580$1,208$917$260
24 years$2,484$1,916$1,461$1,102$824$219
25 years$2,359$1,798$1,353$1,007$742$184
26 years$2,244$1,690$1,255$920$668$154
27 years$2,138$1,590$1,165$842$603$130
28 years$2,039$1,499$1,083$772$544$109
29 years$1,948$1,414$1,008$708$491$92
30 years$1,863$1,335$939$650$444$77
31 years$1,783$1,262$875$597$401$65
32 years$1,708$1,194$817$548$363$55
33 years$1,639$1,131$763$504$328$46
34 years$1,573$1,072$712$464$297$39
35 years$1,511$1,017$666$427$269$33
36 years$1,453$965$623$393$244$28
37 years$1,398$917$583$362$221$23
38 years$1,347$871$546$334$200$20
39 years$1,297$828$512$308$182$16
40 years$1,251$788$480$284$165$14
41 years$1,207$750$450$262$150$12
42 years$1,165$714$422$242$136$10
43 years$1,125$681$396$223$123$8
44 years$1,087$649$372$206$112$7
45 years$1,051$619$349$190$101$6
46 years$1,017$590$328$176$92$5
47 years$984$563$308$162$84$4
48 years$952$538$289$150$76$4
49 years$922$514$272$139$69$3
50 years$893$491$256$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $915,000, adding $2,166 every year, while hoping to spend $42,225 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: 86/9/5 Blend
39$915,000$915,000$915,000$915,000
40$1,010,564$962,069$947,887$1,097,333
41$1,068,715$964,284$934,714$1,156,396
42$1,131,381$965,191$919,685$1,215,228
43$1,198,980$964,683$902,692$1,278,504
44$1,271,968$962,645$883,624$1,346,640
45$1,350,848$958,954$862,365$1,420,094
46$1,436,171$953,479$838,791$1,499,372
47$1,528,545$946,084$812,774$1,585,029
48$1,628,636$936,622$784,182$1,677,677
49$1,737,179$924,938$752,873$1,777,988
50$1,854,978$910,867$718,702$1,886,705
51$1,982,923$894,236$681,515$2,004,645
52$2,121,988$874,861$641,153$2,132,705
53$2,273,247$852,545$597,448$2,271,878
54$2,437,881$827,083$550,226$2,423,254
55$2,617,190$798,255$499,303$2,588,034
56$2,812,604$765,830$444,490$2,767,543
57$3,025,696$729,563$385,588$2,963,238
58$3,258,200$689,194$322,387$3,176,728
59$3,512,021$644,449$254,672$3,409,780
60$3,789,259$595,038$182,215$3,664,347
61$4,092,223$540,655$104,779$3,942,576
62$4,423,459$480,976$22,118$4,246,836
63$4,785,766$415,659$0$4,579,735
64$5,182,229$344,340$0$4,947,674
65$5,616,243$266,639$0$5,351,783
66$6,091,547$182,152$0$5,794,388
67$6,612,259$90,452$0$6,279,349
68$7,182,914$0$0$6,810,923
69$7,808,507$0$0$7,394,681
70$8,494,537$0$0$8,044,669
71$9,247,064$0$0$8,757,672
72$10,072,760$0$0$9,540,013
73$10,978,975$0$0$10,398,658
74$11,973,807$0$0$11,341,280
75$13,066,173$0$0$12,376,332
76$14,265,899$0$0$13,513,123
77$15,583,806$0$0$14,761,911
78$17,031,817$0$0$16,133,994
79$18,623,067$0$0$17,641,820
80$20,372,025$0$0$19,299,103
81$22,294,634$0$0$21,120,950
82$24,408,456$0$0$23,124,005
83$26,732,840$0$0$25,326,606
84$29,289,105$0$0$27,748,958
85$32,100,739$0$0$30,413,319
86$35,193,620$0$0$33,344,214
87$38,596,261$0$0$36,568,667
88$42,340,078$0$0$40,116,448
89$46,459,684$0$0$44,020,364
90$50,993,219$0$0$48,316,558
91$55,982,706$0$0$53,044,856
92$61,474,448$0$0$58,249,141
93$67,519,466$0$0$63,977,765
94$74,173,975$0$0$70,284,006
95$81,499,922$0$0$77,226,570
96$89,565,562$0$0$84,870,143
97$98,446,106$0$0$93,286,004
98$108,224,428$0$0$102,552,695
99$118,991,848$0$0$112,756,762
100$130,848,994$0$0$123,993,569