Can I retire at age 40 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$78,863$78,161$77,475$76,806$76,153$75,483
2 years$39,041$38,314$37,609$36,926$36,263$35,589
3 years$25,769$25,039$24,336$23,659$23,007$22,348
4 years$19,134$18,406$17,710$17,045$16,409$15,771
5 years$15,154$14,431$13,744$13,092$12,474$11,858
6 years$12,502$11,784$11,107$10,470$9,870$9,278
7 years$10,608$9,896$9,230$8,608$8,027$7,459
8 years$9,188$8,483$7,828$7,221$6,659$6,115
9 years$8,085$7,386$6,742$6,151$5,608$5,087
10 years$7,202$6,510$5,878$5,302$4,778$4,281
11 years$6,481$5,796$5,175$4,614$4,109$3,635
12 years$5,880$5,202$4,592$4,047$3,561$3,109
13 years$5,372$4,701$4,103$3,573$3,105$2,675
14 years$4,937$4,273$3,687$3,172$2,722$2,313
15 years$4,560$3,903$3,329$2,829$2,397$2,009
16 years$4,231$3,581$3,018$2,533$2,118$1,750
17 years$3,941$3,298$2,746$2,276$1,878$1,530
18 years$3,683$3,048$2,507$2,051$1,670$1,340
19 years$3,453$2,825$2,295$1,853$1,489$1,177
20 years$3,246$2,625$2,106$1,678$1,330$1,036
21 years$3,059$2,445$1,937$1,523$1,190$913
22 years$2,889$2,282$1,785$1,385$1,067$805
23 years$2,734$2,134$1,649$1,261$957$712
24 years$2,592$2,000$1,525$1,150$861$630
25 years$2,462$1,877$1,412$1,051$774$557
26 years$2,342$1,764$1,310$961$697$494
27 years$2,231$1,660$1,216$879$629$438
28 years$2,128$1,564$1,131$806$567$389
29 years$2,033$1,476$1,052$739$512$345
30 years$1,944$1,394$980$678$463$307
31 years$1,861$1,317$914$623$419$273
32 years$1,783$1,247$852$572$379$242
33 years$1,710$1,181$796$526$343$216
34 years$1,642$1,119$744$484$310$192
35 years$1,577$1,061$695$446$281$171
36 years$1,517$1,007$650$411$255$152
37 years$1,460$957$609$378$231$135
38 years$1,405$909$570$349$209$121
39 years$1,354$865$534$321$190$107
40 years$1,306$823$501$296$172$96
41 years$1,260$783$469$274$156$85
42 years$1,216$746$440$252$142$76
43 years$1,174$710$413$233$129$68
44 years$1,135$677$388$215$117$60
45 years$1,097$646$364$199$106$54
46 years$1,061$616$342$184$96$48
47 years$1,027$588$321$170$87$43
48 years$994$561$302$157$79$38
49 years$962$536$284$145$72$34
50 years$932$512$267$134$65$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $955,000, adding $4,217 every year, while hoping to spend $29,066 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: 43/38/19 Blend
39$955,000$955,000$955,000$955,000
40$1,056,760$1,006,145$991,342$1,096,191
41$1,133,623$1,024,520$993,626$1,142,815
42$1,217,353$1,042,821$995,013$1,190,126
43$1,308,618$1,061,014$995,441$1,240,778
44$1,408,155$1,079,063$994,846$1,295,094
45$1,516,776$1,096,926$993,163$1,353,429
46$1,635,374$1,114,562$990,320$1,416,175
47$1,764,931$1,131,924$986,245$1,483,766
48$1,906,529$1,148,964$980,860$1,556,680
49$2,061,361$1,165,628$974,084$1,635,444
50$2,230,736$1,181,861$965,832$1,720,640
51$2,416,100$1,197,601$956,016$1,812,912
52$2,619,042$1,212,784$944,543$1,912,969
53$2,841,315$1,227,340$931,315$2,021,595
54$3,084,846$1,241,197$916,231$2,139,653
55$3,351,759$1,254,274$899,184$2,268,098
56$3,644,393$1,266,489$880,062$2,407,983
57$3,965,325$1,277,750$858,747$2,560,471
58$4,317,392$1,287,964$835,119$2,726,843
59$4,703,719$1,297,027$809,049$2,908,515
60$5,127,749$1,304,832$780,403$3,107,049
61$5,593,274$1,311,264$749,041$3,324,169
62$6,104,472$1,316,199$714,817$3,561,777
63$6,665,943$1,319,507$677,578$3,821,970
64$7,282,756$1,321,050$637,164$4,107,066
65$7,960,497$1,320,681$593,409$4,419,617
66$8,705,316$1,318,243$546,136$4,762,444
67$9,523,992$1,313,571$495,165$5,138,656
68$10,423,990$1,306,487$440,305$5,551,683
69$11,413,538$1,296,806$381,356$6,005,311
70$12,501,698$1,284,329$318,111$6,503,713
71$13,698,456$1,268,846$250,352$7,051,497
72$15,014,813$1,250,134$177,854$7,653,741
73$16,462,891$1,227,957$100,379$8,316,049
74$18,056,045$1,202,065$17,680$9,044,601
75$19,808,989$1,172,194$0$9,846,215
76$21,737,937$1,138,063$0$10,742,717
77$23,860,754$1,099,375$0$11,732,845
78$26,197,122$1,055,816$0$12,822,214
79$28,768,731$1,007,054$0$14,020,967
80$31,599,479$952,737$0$15,340,290
81$34,715,697$892,492$0$16,792,510
82$38,146,402$825,928$0$18,391,220
83$41,923,564$752,627$0$20,151,404
84$46,082,412$672,151$0$22,089,580
85$50,661,767$584,035$0$24,223,957
86$55,704,403$487,788$0$26,574,608
87$61,257,454$382,892$0$29,163,661
88$67,372,859$268,799$0$32,015,510
89$74,107,851$144,930$0$35,157,043
90$81,525,495$10,675$0$38,617,901
91$89,695,287$0$0$42,430,756
92$98,693,804$0$0$46,687,913
93$108,605,431$0$0$51,382,144
94$119,523,159$0$0$56,553,047
95$131,549,453$0$0$62,249,175
96$144,797,230$0$0$68,524,031
97$159,390,916$0$0$75,436,573
98$175,467,627$0$0$83,051,772
99$193,178,455$0$0$91,441,223
100$212,689,901$0$0$100,683,820