Can I retire at age 40 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$78,780$78,079$77,394$76,726$76,073$74,721
2 years$39,000$38,274$37,570$36,887$36,225$34,867
3 years$25,742$25,012$24,310$23,634$22,983$21,662
4 years$19,114$18,387$17,692$17,027$16,392$15,117
5 years$15,138$14,415$13,729$13,078$12,461$11,237
6 years$12,489$11,771$11,095$10,459$9,860$8,688
7 years$10,597$9,886$9,220$8,599$8,019$6,899
8 years$9,179$8,474$7,820$7,213$6,652$5,585
9 years$8,076$7,378$6,735$6,144$5,602$4,586
10 years$7,195$6,503$5,872$5,296$4,773$3,808
11 years$6,474$5,789$5,169$4,609$4,105$3,189
12 years$5,874$5,196$4,588$4,043$3,557$2,690
13 years$5,366$4,696$4,099$3,569$3,102$2,282
14 years$4,932$4,268$3,683$3,169$2,719$1,944
15 years$4,556$3,899$3,325$2,826$2,394$1,663
16 years$4,227$3,578$3,015$2,530$2,116$1,427
17 years$3,937$3,295$2,743$2,273$1,876$1,228
18 years$3,679$3,045$2,504$2,049$1,668$1,059
19 years$3,449$2,822$2,292$1,851$1,487$915
20 years$3,242$2,622$2,104$1,677$1,328$792
21 years$3,055$2,442$1,935$1,522$1,189$687
22 years$2,886$2,280$1,784$1,384$1,065$596
23 years$2,731$2,132$1,647$1,260$956$518
24 years$2,590$1,998$1,523$1,149$860$450
25 years$2,460$1,875$1,411$1,050$774$392
26 years$2,340$1,762$1,308$960$697$341
27 years$2,229$1,658$1,215$878$628$297
28 years$2,126$1,563$1,129$805$567$259
29 years$2,031$1,474$1,051$738$512$226
30 years$1,942$1,392$979$677$462$197
31 years$1,859$1,316$913$622$418$172
32 years$1,781$1,245$852$572$378$150
33 years$1,708$1,179$795$526$342$131
34 years$1,640$1,118$743$484$310$115
35 years$1,576$1,060$695$445$281$100
36 years$1,515$1,006$650$410$254$88
37 years$1,458$956$608$378$230$77
38 years$1,404$908$569$348$209$67
39 years$1,353$864$534$321$189$59
40 years$1,304$822$500$296$172$51
41 years$1,258$782$469$273$156$45
42 years$1,215$745$440$252$141$39
43 years$1,173$710$413$233$128$34
44 years$1,133$677$387$215$117$30
45 years$1,096$645$364$199$106$26
46 years$1,060$615$342$183$96$23
47 years$1,026$587$321$169$87$20
48 years$993$561$302$157$79$18
49 years$961$535$284$145$72$15
50 years$931$511$267$134$65$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $954,000, adding $6,291 every year, while hoping to spend $46,651 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: 46/48/6 Blend
39$954,000$954,000$954,000$954,000
40$1,057,797$1,007,235$992,448$1,104,453
41$1,116,056$1,006,953$976,059$1,136,894
42$1,178,694$1,005,094$957,557$1,166,676
43$1,246,108$1,001,531$936,823$1,197,887
44$1,318,735$996,130$913,730$1,230,672
45$1,397,054$988,748$888,148$1,265,194
46$1,481,591$979,235$859,938$1,301,636
47$1,572,925$967,429$828,958$1,340,202
48$1,671,692$953,161$795,057$1,381,120
49$1,778,591$936,252$758,077$1,424,642
50$1,894,389$916,511$717,855$1,471,053
51$2,019,932$893,735$674,218$1,520,669
52$2,156,148$867,711$626,987$1,573,842
53$2,304,059$838,213$575,975$1,630,964
54$2,464,788$805,000$520,986$1,692,472
55$2,639,571$767,821$461,814$1,758,853
56$2,829,769$726,405$398,246$1,830,648
57$3,036,878$680,471$330,059$1,908,459
58$3,262,543$629,718$257,020$1,992,955
59$3,508,577$573,829$178,885$2,084,880
60$3,776,974$512,469$95,400$2,185,061
61$4,069,930$445,284$6,300$2,294,415
62$4,389,859$371,899$0$2,413,964
63$4,739,422$291,920$0$2,550,520
64$5,121,547$204,928$0$2,700,457
65$5,539,458$110,483$0$2,864,783
66$5,996,705$8,118$0$3,045,063
67$6,497,196$0$0$3,243,029
68$7,045,235$0$0$3,514,826
69$7,645,561$0$0$3,817,363
70$8,303,395$0$0$4,148,995
71$9,024,485$0$0$4,512,635
72$9,815,161$0$0$4,911,489
73$10,682,397$0$0$5,349,092
74$11,633,873$0$0$5,829,334
75$12,678,048$0$0$6,356,502
76$13,824,241$0$0$6,935,317
77$15,082,716$0$0$7,570,981
78$16,464,781$0$0$8,269,222
79$17,982,890$0$0$9,036,353
80$19,650,765$0$0$9,879,328
81$21,483,523$0$0$10,805,805
82$23,497,816$0$0$11,824,225
83$25,711,990$0$0$12,943,884
84$28,146,259$0$0$14,175,028
85$30,822,889$0$0$15,528,940
86$33,766,416$0$0$17,018,055
87$37,003,870$0$0$18,656,072
88$40,565,032$0$0$20,458,085
89$44,482,716$0$0$22,440,726
90$48,793,075$0$0$24,622,317
91$53,535,945$0$0$27,023,048
92$58,755,215$0$0$29,665,166
93$64,499,247$0$0$32,573,181
94$70,821,326$0$0$35,774,102
95$77,780,167$0$0$39,297,689
96$85,440,465$0$0$43,176,732
97$93,873,504$0$0$47,447,364
98$103,157,835$0$0$52,149,398
99$113,380,007$0$0$57,326,705
100$124,635,394$0$0$63,027,628