Can I retire at age 40 with 953,000?

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 $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%15.4%
1 years$78,698$77,997$77,313$76,645$75,994$74,307
2 years$38,959$38,234$37,531$36,849$36,187$34,497
3 years$25,715$24,986$24,285$23,609$22,959$21,318
4 years$19,094$18,367$17,673$17,009$16,374$14,795
5 years$15,122$14,400$13,715$13,065$12,448$10,934
6 years$12,476$11,759$11,084$10,448$9,849$8,403
7 years$10,586$9,875$9,211$8,590$8,010$6,632
8 years$9,169$8,465$7,811$7,206$6,645$5,334
9 years$8,068$7,370$6,728$6,138$5,596$4,352
10 years$7,187$6,496$5,866$5,291$4,768$3,589
11 years$6,467$5,783$5,164$4,605$4,101$2,985
12 years$5,868$5,191$4,583$4,039$3,554$2,500
13 years$5,361$4,691$4,095$3,566$3,099$2,105
14 years$4,927$4,264$3,679$3,165$2,716$1,780
15 years$4,551$3,895$3,322$2,823$2,392$1,511
16 years$4,222$3,574$3,012$2,528$2,114$1,287
17 years$3,933$3,291$2,740$2,271$1,874$1,099
18 years$3,675$3,041$2,502$2,047$1,667$940
19 years$3,446$2,819$2,290$1,849$1,485$806
20 years$3,239$2,619$2,102$1,675$1,327$692
21 years$3,052$2,440$1,933$1,520$1,187$595
22 years$2,883$2,277$1,782$1,382$1,064$512
23 years$2,728$2,130$1,645$1,259$955$441
24 years$2,587$1,996$1,521$1,148$859$380
25 years$2,457$1,873$1,409$1,048$773$328
26 years$2,337$1,760$1,307$959$696$283
27 years$2,227$1,657$1,214$877$628$244
28 years$2,124$1,561$1,128$804$566$211
29 years$2,029$1,473$1,050$737$511$183
30 years$1,940$1,391$978$677$462$158
31 years$1,857$1,315$912$621$418$137
32 years$1,779$1,244$851$571$378$118
33 years$1,707$1,178$794$525$342$102
34 years$1,638$1,117$742$483$310$88
35 years$1,574$1,059$694$445$280$77
36 years$1,514$1,005$649$410$254$66
37 years$1,456$955$607$377$230$57
38 years$1,402$907$569$348$209$50
39 years$1,351$863$533$321$189$43
40 years$1,303$821$500$296$172$37
41 years$1,257$781$468$273$156$32
42 years$1,213$744$439$252$141$28
43 years$1,172$709$412$233$128$24
44 years$1,132$676$387$215$116$21
45 years$1,095$644$363$198$106$18
46 years$1,059$615$341$183$96$16
47 years$1,024$587$321$169$87$14
48 years$992$560$301$156$79$12
49 years$960$535$283$145$72$10
50 years$930$511$266$134$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $953,000, adding $5,620 every year, while hoping to spend $25,833 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: 32/44/24 Blend
39$953,000$953,000$953,000$953,000
40$1,056,003$1,005,494$990,723$1,081,863
41$1,136,229$1,027,277$996,426$1,123,694
42$1,223,773$1,049,262$1,001,454$1,166,014
43$1,319,352$1,071,431$1,005,758$1,211,074
44$1,423,760$1,093,764$1,009,284$1,259,133
45$1,537,867$1,116,242$1,011,979$1,310,474
46$1,662,633$1,138,842$1,013,784$1,365,411
47$1,799,114$1,161,537$1,014,638$1,424,290
48$1,948,473$1,184,302$1,014,477$1,487,493
49$2,111,991$1,207,107$1,013,236$1,555,440
50$2,291,078$1,229,919$1,010,844$1,628,598
51$2,487,288$1,252,704$1,007,226$1,707,481
52$2,702,330$1,275,426$1,002,307$1,792,654
53$2,938,088$1,298,043$996,006$1,884,743
54$3,196,638$1,320,511$988,237$1,984,440
55$3,480,264$1,342,786$978,912$2,092,507
56$3,791,484$1,364,815$967,938$2,209,784
57$4,133,069$1,386,544$955,217$2,337,201
58$4,508,074$1,407,917$940,649$2,475,782
59$4,919,862$1,428,869$924,125$2,626,659
60$5,372,140$1,449,336$905,535$2,791,080
61$5,868,989$1,469,244$884,762$2,970,422
62$6,414,907$1,488,518$861,682$3,166,206
63$7,014,848$1,507,076$836,169$3,380,110
64$7,674,270$1,524,830$808,088$3,613,984
65$8,399,186$1,541,687$777,299$3,869,872
66$9,196,221$1,557,548$743,657$4,150,028
67$10,072,673$1,572,305$707,007$4,456,938
68$11,036,584$1,585,847$667,191$4,793,347
69$12,096,814$1,598,052$624,040$5,162,281
70$13,263,125$1,608,792$577,380$5,567,081
71$14,546,270$1,617,929$527,029$6,011,430
72$15,958,101$1,625,319$472,796$6,499,394
73$17,511,674$1,630,807$414,482$7,035,455
74$19,221,376$1,634,228$351,878$7,624,561
75$21,103,059$1,635,406$284,768$8,272,165
76$23,174,187$1,634,158$212,924$8,984,286
77$25,454,007$1,630,285$136,110$9,767,561
78$27,963,724$1,623,577$54,078$10,629,309
79$30,726,705$1,613,813$0$11,577,604
80$33,768,696$1,600,757$0$12,629,920
81$37,118,069$1,584,160$0$13,802,843
82$40,806,083$1,563,755$0$15,093,410
83$44,867,187$1,539,263$0$16,513,640
84$49,339,339$1,510,385$0$18,076,779
85$54,264,365$1,476,807$0$19,797,431
86$59,688,354$1,438,195$0$21,691,695
87$65,662,095$1,394,195$0$23,777,317
88$72,241,551$1,344,433$0$26,073,858
89$79,488,392$1,288,513$0$28,602,883
90$87,470,574$1,226,017$0$31,388,161
91$96,262,982$1,156,501$0$34,455,894
92$105,948,133$1,079,496$0$37,834,965
93$116,616,958$994,507$0$41,557,210
94$128,369,661$901,011$0$45,657,722
95$141,316,659$798,453$0$50,175,183
96$155,579,630$686,249$0$55,152,229
97$171,292,656$563,780$0$60,635,858
98$188,603,495$430,392$0$66,677,872
99$207,674,967$285,397$0$73,335,370
100$228,686,498$128,066$0$80,671,286