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%15.3%
1 years$78,533$77,833$77,151$76,485$75,834$74,182
2 years$38,878$38,154$37,452$36,771$36,111$34,455
3 years$25,661$24,934$24,234$23,560$22,911$21,302
4 years$19,054$18,329$17,636$16,974$16,340$14,791
5 years$15,091$14,370$13,686$13,037$12,421$10,937
6 years$12,449$11,734$11,061$10,426$9,829$8,410
7 years$10,564$9,854$9,191$8,572$7,993$6,641
8 years$9,150$8,447$7,795$7,191$6,631$5,345
9 years$8,051$7,355$6,714$6,125$5,584$4,363
10 years$7,172$6,483$5,853$5,280$4,758$3,600
11 years$6,454$5,771$5,153$4,595$4,092$2,997
12 years$5,855$5,180$4,573$4,030$3,546$2,511
13 years$5,350$4,681$4,086$3,558$3,092$2,116
14 years$4,916$4,255$3,671$3,159$2,711$1,791
15 years$4,541$3,887$3,315$2,817$2,387$1,521
16 years$4,213$3,566$3,005$2,522$2,109$1,296
17 years$3,924$3,284$2,735$2,266$1,870$1,107
18 years$3,668$3,035$2,496$2,042$1,663$948
19 years$3,438$2,813$2,285$1,845$1,482$813
20 years$3,232$2,614$2,097$1,671$1,324$699
21 years$3,046$2,435$1,929$1,517$1,185$601
22 years$2,877$2,273$1,778$1,379$1,062$518
23 years$2,723$2,126$1,642$1,256$953$446
24 years$2,581$1,992$1,518$1,146$857$385
25 years$2,452$1,869$1,406$1,046$771$333
26 years$2,332$1,756$1,304$957$695$287
27 years$2,222$1,653$1,211$876$626$248
28 years$2,120$1,558$1,126$802$565$215
29 years$2,024$1,469$1,048$736$510$186
30 years$1,936$1,388$976$675$461$161
31 years$1,853$1,312$910$620$417$139
32 years$1,776$1,241$849$570$377$121
33 years$1,703$1,176$793$524$341$104
34 years$1,635$1,114$741$482$309$90
35 years$1,571$1,057$692$444$280$78
36 years$1,510$1,003$648$409$254$68
37 years$1,453$953$606$377$230$59
38 years$1,399$905$568$347$208$51
39 years$1,348$861$532$320$189$44
40 years$1,300$819$499$295$171$38
41 years$1,254$780$467$272$155$33
42 years$1,211$743$438$251$141$29
43 years$1,169$707$411$232$128$25
44 years$1,130$674$386$214$116$22
45 years$1,092$643$363$198$105$19
46 years$1,057$613$341$183$96$16
47 years$1,022$585$320$169$87$14
48 years$990$559$301$156$79$12
49 years$958$534$283$144$72$11
50 years$929$510$266$133$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $951,000, adding $3,985 every year, while hoping to spend $24,756 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: 62/26/12 Blend
39$951,000$951,000$951,000$951,000
40$1,052,113$1,001,710$986,969$1,114,127
41$1,133,088$1,024,453$993,692$1,178,925
42$1,221,493$1,047,481$999,811$1,246,433
43$1,318,059$1,070,782$1,005,279$1,319,513
44$1,423,593$1,094,342$1,010,047$1,398,705
45$1,538,980$1,118,146$1,014,065$1,484,606
46$1,665,198$1,142,176$1,017,277$1,577,870
47$1,803,320$1,166,415$1,019,629$1,679,221
48$1,954,532$1,190,843$1,021,059$1,789,455
49$2,120,137$1,215,437$1,021,507$1,909,448
50$2,301,570$1,240,172$1,020,907$2,040,168
51$2,500,412$1,265,022$1,019,189$2,182,677
52$2,718,405$1,289,959$1,016,283$2,338,150
53$2,957,465$1,314,951$1,012,112$2,507,878
54$3,219,707$1,339,963$1,006,597$2,693,286
55$3,507,455$1,364,959$999,656$2,895,943
56$3,823,272$1,389,900$991,202$3,117,578
57$4,169,982$1,414,741$981,143$3,360,098
58$4,550,694$1,439,436$969,385$3,625,601
59$4,968,832$1,463,936$955,827$3,916,403
60$5,428,170$1,488,186$940,364$4,235,053
61$5,932,865$1,512,129$922,888$4,584,364
62$6,487,496$1,535,702$903,284$4,967,431
63$7,097,108$1,558,839$881,431$5,387,670
64$7,767,259$1,581,468$857,205$5,848,843
65$8,504,073$1,603,513$830,474$6,355,096
66$9,314,294$1,624,891$801,101$6,910,999
67$10,205,357$1,645,515$768,943$7,521,590
68$11,185,449$1,665,292$733,848$8,192,418
69$12,263,594$1,684,120$695,661$8,929,603
70$13,449,733$1,701,894$654,218$9,739,886
71$14,754,818$1,718,499$609,347$10,630,699
72$16,190,918$1,733,814$560,868$11,610,233
73$17,771,330$1,747,710$508,596$12,687,515
74$19,510,706$1,760,048$452,334$13,872,492
75$21,425,189$1,770,681$391,878$15,176,131
76$23,532,567$1,779,454$327,016$16,610,515
77$25,852,442$1,786,200$257,523$18,188,964
78$28,406,410$1,790,742$183,169$19,926,158
79$31,218,268$1,792,893$103,710$21,838,273
80$34,314,240$1,792,454$18,893$23,943,142
81$37,723,220$1,789,211$0$26,260,415
82$41,477,047$1,782,941$0$28,820,921
83$45,610,805$1,773,404$0$31,642,539
84$50,163,154$1,760,348$0$34,749,191
85$55,176,694$1,743,504$0$38,169,909
86$60,698,368$1,722,586$0$41,936,689
87$66,779,902$1,697,294$0$46,084,791
88$73,478,297$1,667,306$0$50,653,072
89$80,856,365$1,632,285$0$55,684,354
90$88,983,318$1,591,871$0$61,225,829
91$97,935,428$1,545,685$0$67,329,505
92$107,796,742$1,493,323$0$74,052,696
93$118,659,874$1,434,360$0$81,458,563
94$130,626,883$1,368,346$0$89,616,715
95$143,810,235$1,294,804$0$98,603,861
96$158,333,859$1,213,230$0$108,504,538
97$174,334,325$1,123,091$0$119,411,911
98$191,962,126$1,023,823$0$131,428,648
99$211,383,103$914,830$0$144,667,896
100$232,780,006$795,483$0$159,254,344