Can I retire at age 40 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$79,028$78,324$77,637$76,967$76,313$74,680
2 years$39,123$38,394$37,688$37,003$36,339$34,703
3 years$25,823$25,091$24,387$23,708$23,055$21,465
4 years$19,174$18,445$17,747$17,081$16,443$14,912
5 years$15,186$14,461$13,773$13,120$12,500$11,032
6 years$12,528$11,808$11,130$10,492$9,891$8,488
7 years$10,630$9,917$9,249$8,626$8,044$6,707
8 years$9,208$8,500$7,844$7,236$6,673$5,401
9 years$8,102$7,401$6,756$6,164$5,620$4,411
10 years$7,217$6,524$5,890$5,313$4,788$3,642
11 years$6,494$5,808$5,186$4,624$4,118$3,033
12 years$5,892$5,213$4,602$4,056$3,569$2,543
13 years$5,383$4,711$4,112$3,581$3,112$2,144
14 years$4,947$4,282$3,694$3,178$2,728$1,816
15 years$4,570$3,912$3,336$2,835$2,402$1,544
16 years$4,240$3,589$3,024$2,538$2,123$1,317
17 years$3,949$3,305$2,752$2,280$1,882$1,126
18 years$3,691$3,054$2,512$2,055$1,674$965
19 years$3,460$2,831$2,300$1,857$1,492$828
20 years$3,253$2,630$2,111$1,682$1,332$712
21 years$3,065$2,450$1,941$1,526$1,192$613
22 years$2,895$2,287$1,789$1,388$1,069$528
23 years$2,740$2,139$1,652$1,264$959$456
24 years$2,598$2,004$1,528$1,153$862$394
25 years$2,467$1,881$1,415$1,053$776$340
26 years$2,347$1,768$1,312$963$699$294
27 years$2,236$1,663$1,219$881$630$254
28 years$2,133$1,568$1,133$807$569$220
29 years$2,037$1,479$1,054$740$513$191
30 years$1,948$1,397$982$679$464$165
31 years$1,865$1,320$916$624$419$143
32 years$1,787$1,249$854$573$379$124
33 years$1,714$1,183$798$527$343$107
34 years$1,645$1,121$745$485$311$93
35 years$1,581$1,063$697$447$282$81
36 years$1,520$1,009$652$411$255$70
37 years$1,463$959$610$379$231$61
38 years$1,408$911$571$349$210$53
39 years$1,357$866$535$322$190$46
40 years$1,308$824$502$297$172$40
41 years$1,262$785$470$274$156$34
42 years$1,218$747$441$253$142$30
43 years$1,177$712$414$234$129$26
44 years$1,137$679$389$216$117$22
45 years$1,099$647$365$199$106$20
46 years$1,063$617$343$184$96$17
47 years$1,029$589$322$170$88$15
48 years$996$562$303$157$79$13
49 years$964$537$284$145$72$11
50 years$934$513$267$134$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $957,000, adding $2,963 every year, while hoping to spend $57,234 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: 63/25/12 Blend
39$957,000$957,000$957,000$957,000
40$1,057,670$1,006,949$992,116$1,121,167
41$1,104,656$995,393$964,455$1,152,476
42$1,154,516$981,353$933,950$1,179,781
43$1,207,484$964,646$900,444$1,208,177
44$1,263,812$945,079$863,774$1,237,769
45$1,323,782$922,448$823,771$1,268,676
46$1,387,696$896,537$780,256$1,301,032
47$1,455,890$867,116$733,043$1,334,986
48$1,528,729$833,942$681,938$1,370,703
49$1,606,614$796,760$626,738$1,408,371
50$1,689,985$755,298$567,230$1,448,196
51$1,779,323$709,268$503,192$1,490,412
52$1,875,159$658,367$434,394$1,535,276
53$1,978,072$602,273$360,593$1,583,078
54$2,088,699$540,648$281,536$1,634,140
55$2,207,739$473,133$196,960$1,688,821
56$2,335,959$399,348$106,590$1,747,520
57$2,474,204$318,893$10,137$1,810,683
58$2,623,399$231,344$0$1,878,804
59$2,784,562$136,257$0$1,964,315
60$2,958,811$33,157$0$2,058,106
61$3,147,376$0$0$2,159,599
62$3,351,607$0$0$2,291,176
63$3,572,991$0$0$2,443,749
64$3,813,161$0$0$2,609,329
65$4,073,913$0$0$2,789,162
66$4,357,224$0$0$2,984,619
67$4,665,268$0$0$3,197,208
68$5,000,436$0$0$3,428,588
69$5,365,359$0$0$3,680,585
70$5,762,933$0$0$3,955,207
71$6,196,345$0$0$4,254,665
72$6,669,100$0$0$4,581,394
73$7,185,059$0$0$4,938,070
74$7,748,471$0$0$5,327,642
75$8,364,013$0$0$5,753,356
76$9,036,835$0$0$6,218,785
77$9,772,604$0$0$6,727,864
78$10,577,563$0$0$7,284,923
79$11,458,584$0$0$7,894,734
80$12,423,236$0$0$8,562,547
81$13,479,853$0$0$9,294,148
82$14,637,613$0$0$10,095,907
83$15,906,622$0$0$10,974,838
84$17,298,014$0$0$11,938,668
85$18,824,048$0$0$12,995,907
86$20,498,230$0$0$14,155,928
87$22,335,433$0$0$15,429,057
88$24,352,042$0$0$16,826,665
89$26,566,104$0$0$18,361,281
90$28,997,501$0$0$20,046,704
91$31,668,132$0$0$21,898,135
92$34,602,124$0$0$23,932,323
93$37,826,054$0$0$26,167,716
94$41,369,201$0$0$28,624,640
95$45,263,824$0$0$31,325,486
96$49,545,460$0$0$34,294,924
97$54,253,261$0$0$37,560,133
98$59,430,364$0$0$41,151,058
99$65,124,295$0$0$45,100,691
100$71,387,416$0$0$49,445,382