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%19.5%
1 years$78,780$78,079$77,394$76,726$76,073$73,171
2 years$39,000$38,274$37,570$36,887$36,225$33,335
3 years$25,742$25,012$24,310$23,634$22,983$20,196
4 years$19,114$18,387$17,692$17,027$16,392$13,729
5 years$15,138$14,415$13,729$13,078$12,461$9,930
6 years$12,489$11,771$11,095$10,459$9,860$7,462
7 years$10,597$9,886$9,220$8,599$8,019$5,753
8 years$9,179$8,474$7,820$7,213$6,652$4,517
9 years$8,076$7,378$6,735$6,144$5,602$3,594
10 years$7,195$6,503$5,872$5,296$4,773$2,889
11 years$6,474$5,789$5,169$4,609$4,105$2,340
12 years$5,874$5,196$4,588$4,043$3,557$1,907
13 years$5,366$4,696$4,099$3,569$3,102$1,562
14 years$4,932$4,268$3,683$3,169$2,719$1,284
15 years$4,556$3,899$3,325$2,826$2,394$1,059
16 years$4,227$3,578$3,015$2,530$2,116$876
17 years$3,937$3,295$2,743$2,273$1,876$726
18 years$3,679$3,045$2,504$2,049$1,668$602
19 years$3,449$2,822$2,292$1,851$1,487$500
20 years$3,242$2,622$2,104$1,677$1,328$416
21 years$3,055$2,442$1,935$1,522$1,189$347
22 years$2,886$2,280$1,784$1,384$1,065$289
23 years$2,731$2,132$1,647$1,260$956$241
24 years$2,590$1,998$1,523$1,149$860$201
25 years$2,460$1,875$1,411$1,050$774$168
26 years$2,340$1,762$1,308$960$697$140
27 years$2,229$1,658$1,215$878$628$117
28 years$2,126$1,563$1,129$805$567$98
29 years$2,031$1,474$1,051$738$512$82
30 years$1,942$1,392$979$677$462$68
31 years$1,859$1,316$913$622$418$57
32 years$1,781$1,245$852$572$378$48
33 years$1,708$1,179$795$526$342$40
34 years$1,640$1,118$743$484$310$33
35 years$1,576$1,060$695$445$281$28
36 years$1,515$1,006$650$410$254$23
37 years$1,458$956$608$378$230$20
38 years$1,404$908$569$348$209$16
39 years$1,353$864$534$321$189$14
40 years$1,304$822$500$296$172$11
41 years$1,258$782$469$273$156$10
42 years$1,215$745$440$252$141$8
43 years$1,173$710$413$233$128$7
44 years$1,133$677$387$215$117$6
45 years$1,096$645$364$199$106$5
46 years$1,060$615$342$183$96$4
47 years$1,026$587$321$169$87$3
48 years$993$561$302$157$79$3
49 years$961$535$284$145$72$2
50 years$931$511$267$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $954,000, adding $6,842 every year, while hoping to spend $43,114 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: 51/25/24 Blend
39$954,000$954,000$954,000$954,000
40$1,058,366$1,007,804$993,017$1,104,917
41$1,120,446$1,011,313$980,410$1,141,428
42$1,187,413$1,013,549$965,935$1,176,166
43$1,259,721$1,014,405$949,486$1,213,056
44$1,337,867$1,013,765$930,948$1,252,320
45$1,422,397$1,011,507$910,202$1,294,205
46$1,513,914$1,007,503$887,127$1,338,984
47$1,613,078$1,001,616$861,590$1,386,960
48$1,720,617$993,700$833,458$1,438,471
49$1,837,328$983,600$802,588$1,493,889
50$1,964,093$971,153$768,832$1,553,631
51$2,101,877$956,187$732,034$1,618,154
52$2,251,745$938,516$692,034$1,687,970
53$2,414,867$917,948$648,661$1,763,642
54$2,592,531$894,274$601,739$1,845,797
55$2,786,154$867,279$551,082$1,935,129
56$2,997,296$836,730$496,497$2,032,406
57$3,227,674$802,383$437,783$2,138,478
58$3,479,176$763,979$374,729$2,254,288
59$3,753,884$721,246$307,114$2,380,878
60$4,054,086$673,893$234,708$2,519,403
61$4,382,305$621,616$157,272$2,671,139
62$4,741,314$564,089$74,556$2,837,501
63$5,134,171$500,973$0$3,020,051
64$5,564,241$431,905$0$3,224,031
65$6,035,229$356,503$0$3,468,443
66$6,551,216$274,365$0$3,736,363
67$7,116,696$185,065$0$4,030,204
68$7,736,618$88,153$0$4,352,628
69$8,416,435$0$0$4,706,576
70$9,162,148$0$0$5,099,923
71$9,980,373$0$0$5,558,226
72$10,878,393$0$0$6,061,326
73$11,864,231$0$0$6,613,732
74$12,946,727$0$0$7,220,409
75$14,135,616$0$0$7,886,827
76$15,441,623$0$0$8,619,012
77$16,876,565$0$0$9,423,605
78$18,453,458$0$0$10,307,917
79$20,186,642$0$0$11,280,007
80$22,091,915$0$0$12,348,752
81$24,186,681$0$0$13,523,931
82$26,490,118$0$0$14,816,321
83$29,023,352$0$0$16,237,792
84$31,809,660$0$0$17,801,424
85$34,874,689$0$0$19,521,630
86$38,246,693$0$0$21,414,287
87$41,956,809$0$0$23,496,891
88$46,039,338$0$0$25,788,718
89$50,532,077$0$0$28,311,008
90$55,476,672$0$0$31,087,165
91$60,919,012$0$0$34,142,976
92$66,909,657$0$0$37,506,855
93$73,504,321$0$0$41,210,110
94$80,764,392$0$0$45,287,240
95$88,757,512$0$0$49,776,259
96$97,558,219$0$0$54,719,054
97$107,248,641$0$0$60,161,781
98$117,919,281$0$0$66,155,299
99$129,669,861$0$0$72,755,653
100$142,610,269$0$0$80,024,597