Can I retire at age 40 with 956,000?

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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$78,946$78,242$77,556$76,887$76,233$73,645
2 years$39,082$38,354$37,649$36,965$36,301$33,720
3 years$25,796$25,065$24,361$23,684$23,031$20,538
4 years$19,154$18,425$17,729$17,063$16,426$14,039
5 years$15,170$14,446$13,758$13,106$12,487$10,213
6 years$12,515$11,796$11,119$10,481$9,880$7,722
7 years$10,619$9,906$9,240$8,617$8,035$5,991
8 years$9,198$8,491$7,836$7,228$6,666$4,735
9 years$8,093$7,393$6,749$6,157$5,614$3,793
10 years$7,210$6,517$5,884$5,307$4,783$3,070
11 years$6,488$5,802$5,180$4,619$4,114$2,505
12 years$5,886$5,207$4,597$4,052$3,565$2,056
13 years$5,378$4,706$4,107$3,577$3,109$1,697
14 years$4,942$4,277$3,691$3,175$2,725$1,406
15 years$4,565$3,908$3,332$2,832$2,399$1,168
16 years$4,235$3,585$3,021$2,535$2,121$974
17 years$3,945$3,302$2,749$2,278$1,880$813
18 years$3,687$3,051$2,509$2,053$1,672$681
19 years$3,456$2,828$2,297$1,855$1,490$570
20 years$3,249$2,628$2,108$1,680$1,331$479
21 years$3,062$2,447$1,939$1,525$1,191$402
22 years$2,892$2,285$1,787$1,386$1,068$338
23 years$2,737$2,137$1,650$1,263$958$284
24 years$2,595$2,002$1,526$1,152$861$239
25 years$2,465$1,879$1,414$1,052$775$202
26 years$2,345$1,766$1,311$962$698$170
27 years$2,234$1,662$1,217$880$630$143
28 years$2,131$1,566$1,132$806$568$121
29 years$2,035$1,477$1,053$740$513$102
30 years$1,946$1,395$981$679$463$86
31 years$1,863$1,319$915$623$419$73
32 years$1,785$1,248$853$573$379$61
33 years$1,712$1,182$797$527$343$52
34 years$1,644$1,120$744$485$311$44
35 years$1,579$1,062$696$446$281$37
36 years$1,518$1,008$651$411$255$31
37 years$1,461$958$609$379$231$26
38 years$1,407$910$571$349$209$22
39 years$1,356$865$535$322$190$19
40 years$1,307$823$501$297$172$16
41 years$1,261$784$470$274$156$13
42 years$1,217$746$441$253$142$11
43 years$1,175$711$414$233$129$10
44 years$1,136$678$388$215$117$8
45 years$1,098$646$365$199$106$7
46 years$1,062$617$342$184$96$6
47 years$1,028$589$322$170$87$5
48 years$995$562$302$157$79$4
49 years$963$537$284$145$72$3
50 years$933$513$267$134$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $956,000, adding $6,282 every year, while hoping to spend $36,036 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: 56/39/5 Blend
39$956,000$956,000$956,000$956,000
40$1,059,992$1,009,324$994,506$1,117,953
41$1,129,769$1,020,439$989,480$1,168,793
42$1,205,456$1,030,890$983,078$1,219,540
43$1,287,617$1,040,608$975,215$1,273,910
44$1,376,873$1,049,518$965,804$1,332,250
45$1,473,908$1,057,538$954,752$1,394,945
46$1,579,473$1,064,584$941,963$1,462,420
47$1,694,395$1,070,564$927,335$1,535,142
48$1,819,585$1,075,383$910,762$1,613,627
49$1,956,043$1,078,938$892,133$1,698,447
50$2,104,872$1,081,118$871,332$1,790,230
51$2,267,285$1,081,809$848,238$1,889,672
52$2,444,617$1,080,887$822,723$1,997,540
53$2,638,339$1,078,221$794,655$2,114,680
54$2,850,068$1,073,672$763,894$2,242,028
55$3,081,585$1,067,093$730,295$2,380,615
56$3,334,853$1,058,326$693,706$2,531,580
57$3,612,031$1,047,207$653,968$2,696,179
58$3,915,497$1,033,559$610,915$2,875,801
59$4,247,870$1,017,197$564,374$3,071,975
60$4,612,035$997,921$514,162$3,286,393
61$5,011,168$975,524$460,092$3,520,918
62$5,448,766$949,784$401,964$3,777,609
63$5,928,683$920,466$339,572$4,058,738
64$6,455,161$887,322$272,701$4,366,809
65$7,032,876$850,089$201,125$4,704,589
66$7,666,975$808,489$124,608$5,075,130
67$8,363,130$762,229$42,906$5,481,798
68$9,127,588$710,996$0$5,928,307
69$9,967,229$654,463$0$6,421,121
70$10,889,636$592,281$0$6,964,993
71$11,903,160$524,084$0$7,562,636
72$13,017,001$449,482$0$8,219,570
73$14,241,295$368,067$0$8,941,881
74$15,587,208$279,403$0$9,736,283
75$17,067,043$183,034$0$10,610,182
76$18,694,355$78,476$0$11,571,743
77$20,484,076$0$0$12,629,975
78$22,452,660$0$0$13,809,737
79$24,618,235$0$0$15,144,700
80$27,000,774$0$0$16,613,509
81$29,622,283$0$0$18,229,745
82$32,507,010$0$0$20,008,369
83$35,681,672$0$0$21,965,867
84$39,175,706$0$0$24,120,404
85$43,021,549$0$0$26,491,996
86$47,254,940$0$0$29,102,696
87$51,915,260$0$0$31,976,806
88$57,045,904$0$0$35,141,103
89$62,694,684$0$0$38,625,091
90$68,914,288$0$0$42,461,284
91$75,762,771$0$0$46,685,506
92$83,304,105$0$0$51,337,234
93$91,608,781$0$0$56,459,967
94$100,754,475$0$0$62,101,638
95$110,826,781$0$0$68,315,066
96$121,920,015$0$0$75,158,455
97$134,138,110$0$0$82,695,940
98$147,595,591$0$0$90,998,194
99$162,418,661$0$0$100,143,098
100$178,746,385$0$0$110,216,469