Can I retire at age 40 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$75,890$75,214$74,555$73,911$73,282$72,367
2 years$37,569$36,870$36,192$35,534$34,896$33,975
3 years$24,797$24,095$23,418$22,767$22,140$21,241
4 years$18,413$17,712$17,043$16,402$15,790$14,922
5 years$14,583$13,887$13,226$12,599$12,003$11,167
6 years$12,031$11,339$10,688$10,075$9,498$8,695
7 years$10,208$9,523$8,882$8,283$7,724$6,955
8 years$8,842$8,163$7,533$6,949$6,408$5,673
9 years$7,780$7,107$6,488$5,919$5,397$4,694
10 years$6,931$6,265$5,656$5,102$4,598$3,929
11 years$6,236$5,577$4,980$4,440$3,955$3,317
12 years$5,658$5,006$4,419$3,895$3,427$2,821
13 years$5,170$4,524$3,948$3,438$2,988$2,413
14 years$4,751$4,112$3,548$3,052$2,620$2,075
15 years$4,388$3,756$3,203$2,722$2,306$1,790
16 years$4,072$3,446$2,904$2,437$2,038$1,551
17 years$3,792$3,174$2,643$2,190$1,807$1,347
18 years$3,544$2,933$2,412$1,974$1,607$1,172
19 years$3,323$2,718$2,208$1,783$1,432$1,023
20 years$3,123$2,526$2,027$1,615$1,279$894
21 years$2,943$2,353$1,864$1,466$1,145$783
22 years$2,780$2,196$1,718$1,333$1,026$686
23 years$2,631$2,054$1,586$1,214$921$602
24 years$2,495$1,924$1,467$1,107$828$529
25 years$2,369$1,806$1,359$1,011$745$465
26 years$2,254$1,697$1,260$924$671$409
27 years$2,147$1,597$1,170$846$605$360
28 years$2,048$1,505$1,088$775$546$317
29 years$1,956$1,420$1,012$711$493$280
30 years$1,871$1,341$943$652$446$247
31 years$1,791$1,268$879$599$403$218
32 years$1,716$1,200$820$551$364$192
33 years$1,646$1,136$766$506$330$170
34 years$1,580$1,077$716$466$299$150
35 years$1,518$1,021$669$429$270$132
36 years$1,460$969$626$395$245$117
37 years$1,404$921$586$364$222$103
38 years$1,352$875$549$335$201$91
39 years$1,303$832$514$309$183$81
40 years$1,256$792$482$285$166$71
41 years$1,212$753$452$263$150$63
42 years$1,170$718$424$243$136$56
43 years$1,130$684$398$224$124$49
44 years$1,092$652$373$207$112$44
45 years$1,056$621$350$191$102$39
46 years$1,021$593$329$177$93$34
47 years$988$566$309$163$84$30
48 years$956$540$291$151$76$27
49 years$926$516$273$139$69$24
50 years$897$493$257$129$63$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $919,000, adding $3,622 every year, while hoping to spend $36,194 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: 49/26/25 Blend
39$919,000$919,000$919,000$919,000
40$1,016,474$967,767$953,523$1,058,925
41$1,081,644$976,678$946,955$1,097,853
42$1,152,249$984,812$938,955$1,136,216
43$1,228,804$992,093$929,436$1,177,169
44$1,311,877$998,440$918,307$1,220,974
45$1,402,091$1,003,767$905,473$1,267,920
46$1,500,135$1,007,982$890,837$1,318,327
47$1,606,762$1,010,987$874,294$1,372,549
48$1,722,804$1,012,678$855,735$1,430,980
49$1,849,176$1,012,944$835,047$1,494,053
50$1,986,882$1,011,669$812,112$1,562,248
51$2,137,031$1,008,728$786,805$1,636,099
52$2,300,841$1,003,988$758,995$1,716,192
53$2,479,653$997,310$728,548$1,803,181
54$2,674,945$988,545$695,321$1,897,783
55$2,888,340$977,534$659,165$2,000,797
56$3,121,629$964,112$619,926$2,113,102
57$3,376,782$948,100$577,440$2,235,673
58$3,655,968$929,311$531,539$2,369,585
59$3,961,576$907,547$482,044$2,516,029
60$4,296,236$882,595$428,772$2,676,320
61$4,662,844$854,235$371,528$2,851,911
62$5,064,591$822,229$310,111$3,044,409
63$5,504,989$786,328$244,309$3,255,587
64$5,987,908$746,268$173,904$3,487,407
65$6,517,609$701,770$98,664$3,742,035
66$7,098,786$652,537$18,350$4,021,862
67$7,736,609$598,259$0$4,329,530
68$8,436,773$538,603$0$4,685,925
69$9,205,551$473,222$0$5,082,693
70$10,049,853$401,746$0$5,518,564
71$10,977,293$323,786$0$5,997,541
72$11,996,256$238,931$0$6,524,041
73$13,115,980$146,744$0$7,102,933
74$14,346,643$46,768$0$7,739,586
75$15,699,458$0$0$8,439,922
76$17,186,778$0$0$9,228,063
77$18,822,214$0$0$10,109,513
78$20,620,758$0$0$11,078,987
79$22,598,933$0$0$12,145,404
80$24,774,939$0$0$13,318,590
81$27,168,832$0$0$14,609,374
82$29,802,708$0$0$16,029,684
83$32,700,912$0$0$17,592,667
84$35,890,271$0$0$19,312,804
85$39,400,341$0$0$21,206,054
86$43,263,690$0$0$23,290,001
87$47,516,203$0$0$25,584,020
88$52,197,420$0$0$28,109,459
89$57,350,910$0$0$30,889,843
90$63,024,681$0$0$33,951,093
91$69,271,631$0$0$37,321,771
92$76,150,051$0$0$41,033,349
93$83,724,171$0$0$45,120,508
94$92,064,765$0$0$49,621,463
95$101,249,823$0$0$54,578,323
96$111,365,282$0$0$60,037,490
97$122,505,839$0$0$66,050,096
98$134,775,844$0$0$72,672,484
99$148,290,283$0$0$79,966,742
100$163,175,865$0$0$88,001,287