Can I retire at age 40 with 954,000?

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 $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%15.3%
1 years$78,780$78,079$77,394$76,726$76,073$74,416
2 years$39,000$38,274$37,570$36,887$36,225$34,564
3 years$25,742$25,012$24,310$23,634$22,983$21,369
4 years$19,114$18,387$17,692$17,027$16,392$14,838
5 years$15,138$14,415$13,729$13,078$12,461$10,972
6 years$12,489$11,771$11,095$10,459$9,860$8,437
7 years$10,597$9,886$9,220$8,599$8,019$6,662
8 years$9,179$8,474$7,820$7,213$6,652$5,362
9 years$8,076$7,378$6,735$6,144$5,602$4,377
10 years$7,195$6,503$5,872$5,296$4,773$3,612
11 years$6,474$5,789$5,169$4,609$4,105$3,006
12 years$5,874$5,196$4,588$4,043$3,557$2,519
13 years$5,366$4,696$4,099$3,569$3,102$2,122
14 years$4,932$4,268$3,683$3,169$2,719$1,796
15 years$4,556$3,899$3,325$2,826$2,394$1,526
16 years$4,227$3,578$3,015$2,530$2,116$1,300
17 years$3,937$3,295$2,743$2,273$1,876$1,111
18 years$3,679$3,045$2,504$2,049$1,668$951
19 years$3,449$2,822$2,292$1,851$1,487$816
20 years$3,242$2,622$2,104$1,677$1,328$701
21 years$3,055$2,442$1,935$1,522$1,189$603
22 years$2,886$2,280$1,784$1,384$1,065$519
23 years$2,731$2,132$1,647$1,260$956$448
24 years$2,590$1,998$1,523$1,149$860$386
25 years$2,460$1,875$1,411$1,050$774$334
26 years$2,340$1,762$1,308$960$697$288
27 years$2,229$1,658$1,215$878$628$249
28 years$2,126$1,563$1,129$805$567$215
29 years$2,031$1,474$1,051$738$512$186
30 years$1,942$1,392$979$677$462$161
31 years$1,859$1,316$913$622$418$140
32 years$1,781$1,245$852$572$378$121
33 years$1,708$1,179$795$526$342$105
34 years$1,640$1,118$743$484$310$91
35 years$1,576$1,060$695$445$281$79
36 years$1,515$1,006$650$410$254$68
37 years$1,458$956$608$378$230$59
38 years$1,404$908$569$348$209$51
39 years$1,353$864$534$321$189$44
40 years$1,304$822$500$296$172$38
41 years$1,258$782$469$273$156$33
42 years$1,215$745$440$252$141$29
43 years$1,173$710$413$233$128$25
44 years$1,133$677$387$215$117$22
45 years$1,096$645$364$199$106$19
46 years$1,060$615$342$183$96$16
47 years$1,026$587$321$169$87$14
48 years$993$561$302$157$79$12
49 years$961$535$284$145$72$11
50 years$931$511$267$134$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $954,000, adding $2,914 every year, while hoping to spend $32,388 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: 66/17/17 Blend
39$954,000$954,000$954,000$954,000
40$1,054,314$1,003,752$988,965$1,119,334
41$1,127,393$1,018,475$987,635$1,177,926
42$1,206,841$1,032,834$985,174$1,237,927
43$1,293,273$1,046,777$981,512$1,302,725
44$1,387,366$1,060,249$976,572$1,372,789
45$1,489,866$1,073,189$970,275$1,448,637
46$1,601,591$1,085,534$962,538$1,530,839
47$1,723,445$1,097,217$953,274$1,620,024
48$1,856,420$1,108,164$942,393$1,716,887
49$2,001,610$1,118,299$929,798$1,822,191
50$2,160,218$1,127,540$915,390$1,936,779
51$2,333,569$1,135,798$899,065$2,061,582
52$2,523,122$1,142,981$880,712$2,197,625
53$2,730,482$1,148,989$860,218$2,346,037
54$2,957,419$1,153,717$837,462$2,508,065
55$3,205,878$1,157,051$812,320$2,685,084
56$3,478,004$1,158,873$784,659$2,878,608
57$3,776,159$1,159,056$754,344$3,090,309
58$4,102,942$1,157,465$721,229$3,322,028
59$4,461,218$1,153,957$685,167$3,575,798
60$4,854,141$1,148,380$645,999$3,853,857
61$5,285,186$1,140,573$603,562$4,158,675
62$5,758,179$1,130,365$557,685$4,492,976
63$6,277,335$1,117,575$508,189$4,859,761
64$6,847,297$1,102,010$454,888$5,262,340
65$7,473,180$1,083,467$397,585$5,704,363
66$8,160,619$1,061,731$336,078$6,189,854
67$8,915,819$1,036,573$270,154$6,723,248
68$9,745,618$1,007,750$199,590$7,309,438
69$10,657,548$975,008$124,154$7,953,815
70$11,659,909$938,074$43,604$8,662,323
71$12,761,842$896,662$0$9,441,519
72$13,973,420$850,469$0$10,306,309
73$15,305,740$799,173$0$11,265,916
74$16,771,028$742,435$0$12,321,255
75$18,382,755$679,896$0$13,482,058
76$20,155,762$611,177$0$14,759,053
77$22,106,401$535,876$0$16,164,060
78$24,252,691$453,570$0$17,710,109
79$26,614,482$363,812$0$19,411,558
80$29,213,648$266,128$0$21,284,231
81$32,074,291$160,019$0$23,345,568
82$35,222,966$44,957$0$25,614,789
83$38,688,934$0$0$28,113,077
84$42,504,438$0$0$30,878,670
85$46,705,004$0$0$33,932,703
86$51,329,779$0$0$37,295,235
87$56,421,898$0$0$40,997,640
88$62,028,893$0$0$45,074,487
89$68,203,137$0$0$49,563,867
90$75,002,345$0$0$54,507,755
91$82,490,110$0$0$59,952,403
92$90,736,509$0$0$65,948,779
93$99,818,762$0$0$72,553,043
94$109,821,959$0$0$79,827,084
95$120,839,865$0$0$87,839,096
96$132,975,804$0$0$96,664,227
97$146,343,632$0$0$106,385,286
98$161,068,814$0$0$117,093,524
99$177,289,605$0$0$128,889,496
100$195,158,358$0$0$141,884,009