Can I retire at age 40 with 951,000?

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 $951,000?

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%
1 years$78,533$77,833$77,151$76,485$75,834$74,855
2 years$38,878$38,154$37,452$36,771$36,111$35,127
3 years$25,661$24,934$24,234$23,560$22,911$21,951
4 years$19,054$18,329$17,636$16,974$16,340$15,412
5 years$15,091$14,370$13,686$13,037$12,421$11,528
6 years$12,449$11,734$11,061$10,426$9,829$8,971
7 years$10,564$9,854$9,191$8,572$7,993$7,172
8 years$9,150$8,447$7,795$7,191$6,631$5,846
9 years$8,051$7,355$6,714$6,125$5,584$4,835
10 years$7,172$6,483$5,853$5,280$4,758$4,044
11 years$6,454$5,771$5,153$4,595$4,092$3,413
12 years$5,855$5,180$4,573$4,030$3,546$2,901
13 years$5,350$4,681$4,086$3,558$3,092$2,480
14 years$4,916$4,255$3,671$3,159$2,711$2,130
15 years$4,541$3,887$3,315$2,817$2,387$1,837
16 years$4,213$3,566$3,005$2,522$2,109$1,590
17 years$3,924$3,284$2,735$2,266$1,870$1,380
18 years$3,668$3,035$2,496$2,042$1,663$1,200
19 years$3,438$2,813$2,285$1,845$1,482$1,047
20 years$3,232$2,614$2,097$1,671$1,324$914
21 years$3,046$2,435$1,929$1,517$1,185$800
22 years$2,877$2,273$1,778$1,379$1,062$700
23 years$2,723$2,126$1,642$1,256$953$614
24 years$2,581$1,992$1,518$1,146$857$539
25 years$2,452$1,869$1,406$1,046$771$474
26 years$2,332$1,756$1,304$957$695$416
27 years$2,222$1,653$1,211$876$626$366
28 years$2,120$1,558$1,126$802$565$323
29 years$2,024$1,469$1,048$736$510$284
30 years$1,936$1,388$976$675$461$250
31 years$1,853$1,312$910$620$417$221
32 years$1,776$1,241$849$570$377$195
33 years$1,703$1,176$793$524$341$172
34 years$1,635$1,114$741$482$309$152
35 years$1,571$1,057$692$444$280$134
36 years$1,510$1,003$648$409$254$118
37 years$1,453$953$606$377$230$104
38 years$1,399$905$568$347$208$92
39 years$1,348$861$532$320$189$81
40 years$1,300$819$499$295$171$72
41 years$1,254$780$467$272$155$63
42 years$1,211$743$438$251$141$56
43 years$1,169$707$411$232$128$50
44 years$1,130$674$386$214$116$44
45 years$1,092$643$363$198$105$39
46 years$1,057$613$341$183$96$34
47 years$1,022$585$320$169$87$30
48 years$990$559$301$156$79$27
49 years$958$534$283$144$72$24
50 years$929$510$266$133$65$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $951,000, adding $2,674 every year, while hoping to spend $37,772 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: 37/42/21 Blend
39$951,000$951,000$951,000$951,000
40$1,050,760$1,000,357$985,617$1,082,907
41$1,117,749$1,009,186$978,446$1,115,361
42$1,190,304$1,017,181$969,769$1,146,667
43$1,268,954$1,024,262$959,495$1,179,711
44$1,354,279$1,030,343$947,530$1,214,672
45$1,446,919$1,035,332$933,775$1,251,749
46$1,547,574$1,039,133$918,126$1,291,162
47$1,657,018$1,041,642$900,475$1,333,157
48$1,776,100$1,042,748$880,707$1,378,009
49$1,905,756$1,042,337$858,704$1,426,021
50$2,047,014$1,040,282$834,342$1,477,530
51$2,201,007$1,036,453$807,490$1,532,914
52$2,368,980$1,030,711$778,012$1,592,589
53$2,552,307$1,022,906$745,766$1,657,018
54$2,752,496$1,012,882$710,602$1,726,715
55$2,971,210$1,000,473$672,367$1,802,251
56$3,210,278$985,501$630,896$1,884,260
57$3,471,715$967,779$586,020$1,973,442
58$3,757,740$947,110$537,561$2,070,578
59$4,070,794$923,283$485,335$2,176,531
60$4,413,568$896,077$429,146$2,292,256
61$4,789,022$865,255$368,792$2,418,815
62$5,200,419$830,569$304,063$2,557,381
63$5,651,350$791,755$234,738$2,709,255
64$6,145,771$748,534$160,585$2,875,878
65$6,688,039$700,612$81,365$3,058,845
66$7,282,955$647,678$0$3,259,920
67$7,935,802$589,400$0$3,481,769
68$8,652,405$525,432$0$3,745,343
69$9,439,177$455,404$0$4,034,845
70$10,303,182$378,928$0$4,352,983
71$11,252,204$295,593$0$4,702,749
72$12,294,816$204,964$0$5,087,448
73$13,440,464$106,584$0$5,510,728
74$14,699,552$0$0$5,976,617
75$16,083,544$0$0$6,489,580
76$17,605,070$0$0$7,107,815
77$19,278,043$0$0$7,787,733
78$21,117,793$0$0$8,535,583
79$23,141,209$0$0$9,358,248
80$25,366,900$0$0$10,263,315
81$27,815,367$0$0$11,259,140
82$30,509,201$0$0$12,354,931
83$33,473,292$0$0$13,560,835
84$36,735,062$0$0$14,888,031
85$40,324,729$0$0$16,348,837
86$44,275,587$0$0$17,956,825
87$48,624,321$0$0$19,726,950
88$53,411,353$0$0$21,675,692
89$58,681,224$0$0$23,821,209
90$64,483,013$0$0$26,183,507
91$70,870,797$0$0$28,784,636
92$77,904,167$0$0$31,648,887
93$85,648,783$0$0$34,803,030
94$94,177,000$0$0$38,276,564
95$103,568,544$0$0$42,101,993
96$113,911,269$0$0$46,315,133
97$125,301,982$0$0$50,955,455
98$137,847,358$0$0$56,066,448
99$151,664,946$0$0$61,696,040
100$166,884,279$0$0$67,897,040