Can I retire at age 40 with 951,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$78,533$77,833$77,151$76,485$75,834$73,702
2 years$38,878$38,154$37,452$36,771$36,111$33,980
3 years$25,661$24,934$24,234$23,560$22,911$20,846
4 years$19,054$18,329$17,636$16,974$16,340$14,358
5 years$15,091$14,370$13,686$13,037$12,421$10,528
6 years$12,449$11,734$11,061$10,426$9,829$8,025
7 years$10,564$9,854$9,191$8,572$7,993$6,280
8 years$9,150$8,447$7,795$7,191$6,631$5,007
9 years$8,051$7,355$6,714$6,125$5,584$4,048
10 years$7,172$6,483$5,853$5,280$4,758$3,307
11 years$6,454$5,771$5,153$4,595$4,092$2,725
12 years$5,855$5,180$4,573$4,030$3,546$2,259
13 years$5,350$4,681$4,086$3,558$3,092$1,883
14 years$4,916$4,255$3,671$3,159$2,711$1,577
15 years$4,541$3,887$3,315$2,817$2,387$1,324
16 years$4,213$3,566$3,005$2,522$2,109$1,116
17 years$3,924$3,284$2,735$2,266$1,870$942
18 years$3,668$3,035$2,496$2,042$1,663$797
19 years$3,438$2,813$2,285$1,845$1,482$676
20 years$3,232$2,614$2,097$1,671$1,324$574
21 years$3,046$2,435$1,929$1,517$1,185$487
22 years$2,877$2,273$1,778$1,379$1,062$415
23 years$2,723$2,126$1,642$1,256$953$353
24 years$2,581$1,992$1,518$1,146$857$301
25 years$2,452$1,869$1,406$1,046$771$256
26 years$2,332$1,756$1,304$957$695$219
27 years$2,222$1,653$1,211$876$626$187
28 years$2,120$1,558$1,126$802$565$159
29 years$2,024$1,469$1,048$736$510$136
30 years$1,936$1,388$976$675$461$116
31 years$1,853$1,312$910$620$417$99
32 years$1,776$1,241$849$570$377$85
33 years$1,703$1,176$793$524$341$72
34 years$1,635$1,114$741$482$309$62
35 years$1,571$1,057$692$444$280$53
36 years$1,510$1,003$648$409$254$45
37 years$1,453$953$606$377$230$39
38 years$1,399$905$568$347$208$33
39 years$1,348$861$532$320$189$28
40 years$1,300$819$499$295$171$24
41 years$1,254$780$467$272$155$21
42 years$1,211$743$438$251$141$18
43 years$1,169$707$411$232$128$15
44 years$1,130$674$386$214$116$13
45 years$1,092$643$363$198$105$11
46 years$1,057$613$341$183$96$9
47 years$1,022$585$320$169$87$8
48 years$990$559$301$156$79$7
49 years$958$534$283$144$72$6
50 years$929$510$266$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $951,000, adding $2,888 every year, while hoping to spend $21,466 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: 35/44/21 Blend
39$951,000$951,000$951,000$951,000
40$1,050,981$1,000,578$985,837$1,080,960
41$1,135,341$1,026,767$996,023$1,129,456
42$1,227,587$1,053,519$1,005,831$1,179,558
43$1,328,500$1,080,840$1,015,225$1,233,177
44$1,438,940$1,108,735$1,024,169$1,290,639
45$1,559,856$1,137,206$1,032,622$1,352,303
46$1,692,290$1,166,259$1,040,544$1,418,564
47$1,837,393$1,195,895$1,047,891$1,489,857
48$1,996,429$1,226,116$1,054,618$1,566,662
49$2,170,794$1,256,924$1,060,676$1,649,507
50$2,362,021$1,288,320$1,066,016$1,738,973
51$2,571,803$1,320,303$1,070,583$1,835,700
52$2,802,001$1,352,872$1,074,321$1,940,395
53$3,054,668$1,386,026$1,077,174$2,053,834
54$3,332,062$1,419,760$1,079,078$2,176,876
55$3,636,675$1,454,070$1,079,969$2,310,464
56$3,971,247$1,488,950$1,079,779$2,455,638
57$4,338,800$1,524,395$1,078,437$2,613,545
58$4,742,661$1,560,394$1,075,869$2,785,449
59$5,186,498$1,596,938$1,071,995$2,972,742
60$5,674,348$1,634,016$1,066,735$3,176,958
61$6,210,662$1,671,613$1,060,001$3,399,790
62$6,800,343$1,709,715$1,051,704$3,643,102
63$7,448,791$1,748,305$1,041,750$3,908,948
64$8,161,957$1,787,361$1,030,038$4,199,592
65$8,946,399$1,826,863$1,016,466$4,517,533
66$9,809,338$1,866,787$1,000,924$4,865,520
67$10,758,735$1,907,104$983,300$5,246,587
68$11,803,360$1,947,786$963,474$5,664,076
69$12,952,874$1,988,798$941,322$6,121,672
70$14,217,924$2,030,106$916,713$6,623,438
71$15,610,240$2,071,670$889,511$7,173,848
72$17,142,749$2,113,446$859,573$7,777,838
73$18,829,692$2,155,387$826,752$8,440,848
74$20,686,762$2,197,442$790,889$9,168,873
75$22,731,251$2,239,556$751,823$9,968,520
76$24,982,212$2,281,669$709,383$10,847,075
77$27,460,642$2,323,714$663,392$11,812,567
78$30,189,674$2,365,623$613,662$12,873,847
79$33,194,801$2,407,319$560,000$14,040,668
80$36,504,113$2,448,719$502,202$15,323,785
81$40,148,563$2,489,737$440,056$16,735,049
82$44,162,259$2,530,277$373,341$18,287,524
83$48,582,787$2,570,238$301,825$19,995,609
84$53,451,562$2,609,510$225,267$21,875,176
85$58,814,221$2,647,977$143,414$23,943,719
86$64,721,056$2,685,512$56,002$26,220,520
87$71,227,483$2,721,981$0$28,726,831
88$78,394,570$2,757,241$0$31,494,432
89$86,289,608$2,791,139$0$34,554,722
90$94,986,753$2,823,509$0$37,923,664
91$104,567,718$2,854,177$0$41,632,695
92$115,122,549$2,882,956$0$45,716,458
93$126,750,474$2,909,645$0$50,213,134
94$139,560,838$2,934,034$0$55,164,797
95$153,674,137$2,955,895$0$60,617,817
96$169,223,152$2,974,987$0$66,623,298
97$186,354,205$2,991,053$0$73,237,556
98$205,228,540$3,003,821$0$80,522,656
99$226,023,843$3,013,000$0$88,546,997
100$248,935,920$3,018,281$0$97,385,959