Can I retire at age 40 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$78,698$77,997$77,313$76,645$75,994$73,123
2 years$38,959$38,234$37,531$36,849$36,187$33,329
3 years$25,715$24,986$24,285$23,609$22,959$20,202
4 years$19,094$18,367$17,673$17,009$16,374$13,740
5 years$15,122$14,400$13,715$13,065$12,448$9,943
6 years$12,476$11,759$11,084$10,448$9,849$7,476
7 years$10,586$9,875$9,211$8,590$8,010$5,767
8 years$9,169$8,465$7,811$7,206$6,645$4,531
9 years$8,068$7,370$6,728$6,138$5,596$3,608
10 years$7,187$6,496$5,866$5,291$4,768$2,902
11 years$6,467$5,783$5,164$4,605$4,101$2,352
12 years$5,868$5,191$4,583$4,039$3,554$1,918
13 years$5,361$4,691$4,095$3,566$3,099$1,572
14 years$4,927$4,264$3,679$3,165$2,716$1,293
15 years$4,551$3,895$3,322$2,823$2,392$1,067
16 years$4,222$3,574$3,012$2,528$2,114$883
17 years$3,933$3,291$2,740$2,271$1,874$732
18 years$3,675$3,041$2,502$2,047$1,667$608
19 years$3,446$2,819$2,290$1,849$1,485$506
20 years$3,239$2,619$2,102$1,675$1,327$421
21 years$3,052$2,440$1,933$1,520$1,187$351
22 years$2,883$2,277$1,782$1,382$1,064$293
23 years$2,728$2,130$1,645$1,259$955$244
24 years$2,587$1,996$1,521$1,148$859$204
25 years$2,457$1,873$1,409$1,048$773$171
26 years$2,337$1,760$1,307$959$696$143
27 years$2,227$1,657$1,214$877$628$119
28 years$2,124$1,561$1,128$804$566$100
29 years$2,029$1,473$1,050$737$511$83
30 years$1,940$1,391$978$677$462$70
31 years$1,857$1,315$912$621$418$58
32 years$1,779$1,244$851$571$378$49
33 years$1,707$1,178$794$525$342$41
34 years$1,638$1,117$742$483$310$34
35 years$1,574$1,059$694$445$280$29
36 years$1,514$1,005$649$410$254$24
37 years$1,456$955$607$377$230$20
38 years$1,402$907$569$348$209$17
39 years$1,351$863$533$321$189$14
40 years$1,303$821$500$296$172$12
41 years$1,257$781$468$273$156$10
42 years$1,213$744$439$252$141$8
43 years$1,172$709$412$233$128$7
44 years$1,132$676$387$215$116$6
45 years$1,095$644$363$198$106$5
46 years$1,059$615$341$183$96$4
47 years$1,024$587$321$169$87$3
48 years$992$560$301$156$79$3
49 years$960$535$283$145$72$2
50 years$930$511$266$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $953,000, adding $5,836 every year, while hoping to spend $57,081 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: 62/9/29 Blend
39$953,000$953,000$953,000$953,000
40$1,056,226$1,005,717$990,945$1,113,141
41$1,103,227$994,263$963,408$1,141,084
42$1,153,109$980,335$933,036$1,164,895
43$1,206,106$963,751$899,672$1,189,692
44$1,262,473$944,320$863,155$1,215,583
45$1,322,490$921,836$823,316$1,242,688
46$1,386,463$896,084$779,975$1,271,144
47$1,454,727$866,837$732,949$1,301,101
48$1,527,650$833,853$682,044$1,332,732
49$1,605,633$796,875$627,055$1,366,226
50$1,689,119$755,633$567,773$1,401,795
51$1,778,592$709,842$503,976$1,439,678
52$1,874,582$659,198$435,433$1,480,139
53$1,977,672$603,381$361,903$1,523,475
54$2,088,502$542,054$283,134$1,570,015
55$2,207,773$474,859$198,863$1,620,126
56$2,336,257$401,417$108,815$1,674,217
57$2,474,799$321,331$12,705$1,732,744
58$2,624,331$234,178$0$1,796,212
59$2,785,873$139,514$0$1,892,991
60$2,960,549$36,867$0$2,001,903
61$3,149,594$0$0$2,119,808
62$3,354,364$0$0$2,254,937
63$3,576,351$0$0$2,405,445
64$3,817,196$0$0$2,568,800
65$4,078,702$0$0$2,746,236
66$4,362,855$0$0$2,939,105
67$4,671,838$0$0$3,148,898
68$5,008,052$0$0$3,377,256
69$5,374,140$0$0$3,625,982
70$5,773,010$0$0$3,897,061
71$6,207,862$0$0$4,192,680
72$6,682,218$0$0$4,515,242
73$7,199,954$0$0$4,867,396
74$7,765,339$0$0$5,252,054
75$8,383,068$0$0$5,672,425
76$9,058,315$0$0$6,132,041
77$9,796,773$0$0$6,634,791
78$10,604,710$0$0$7,184,955
79$11,489,029$0$0$7,787,248
80$12,457,332$0$0$8,446,863
81$13,517,990$0$0$9,169,515
82$14,680,220$0$0$9,961,502
83$15,954,174$0$0$10,829,757
84$17,351,034$0$0$11,781,918
85$18,883,114$0$0$12,826,397
86$20,563,977$0$0$13,972,458
87$22,408,564$0$0$15,230,307
88$24,433,332$0$0$16,611,185
89$26,656,407$0$0$18,127,476
90$29,097,759$0$0$19,792,820
91$31,779,384$0$0$21,622,243
92$34,725,515$0$0$23,632,301
93$37,962,847$0$0$25,841,228
94$41,520,790$0$0$28,269,117
95$45,431,744$0$0$30,938,102
96$49,731,404$0$0$33,872,567
97$54,459,096$0$0$37,099,379
98$59,658,148$0$0$40,648,138
99$65,376,297$0$0$44,551,456
100$71,666,136$0$0$48,845,264