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%17.1%
1 years$79,028$78,324$77,637$76,967$76,313$74,107
2 years$39,123$38,394$37,688$37,003$36,339$34,135
3 years$25,823$25,091$24,387$23,708$23,055$20,921
4 years$19,174$18,445$17,747$17,081$16,443$14,395
5 years$15,186$14,461$13,773$13,120$12,500$10,544
6 years$12,528$11,808$11,130$10,492$9,891$8,029
7 years$10,630$9,917$9,249$8,626$8,044$6,276
8 years$9,208$8,500$7,844$7,236$6,673$4,998
9 years$8,102$7,401$6,756$6,164$5,620$4,036
10 years$7,217$6,524$5,890$5,313$4,788$3,293
11 years$6,494$5,808$5,186$4,624$4,118$2,709
12 years$5,892$5,213$4,602$4,056$3,569$2,244
13 years$5,383$4,711$4,112$3,581$3,112$1,868
14 years$4,947$4,282$3,694$3,178$2,728$1,561
15 years$4,570$3,912$3,336$2,835$2,402$1,310
16 years$4,240$3,589$3,024$2,538$2,123$1,102
17 years$3,949$3,305$2,752$2,280$1,882$929
18 years$3,691$3,054$2,512$2,055$1,674$785
19 years$3,460$2,831$2,300$1,857$1,492$664
20 years$3,253$2,630$2,111$1,682$1,332$563
21 years$3,065$2,450$1,941$1,526$1,192$478
22 years$2,895$2,287$1,789$1,388$1,069$406
23 years$2,740$2,139$1,652$1,264$959$345
24 years$2,598$2,004$1,528$1,153$862$293
25 years$2,467$1,881$1,415$1,053$776$250
26 years$2,347$1,768$1,312$963$699$213
27 years$2,236$1,663$1,219$881$630$181
28 years$2,133$1,568$1,133$807$569$154
29 years$2,037$1,479$1,054$740$513$132
30 years$1,948$1,397$982$679$464$112
31 years$1,865$1,320$916$624$419$96
32 years$1,787$1,249$854$573$379$82
33 years$1,714$1,183$798$527$343$70
34 years$1,645$1,121$745$485$311$59
35 years$1,581$1,063$697$447$282$51
36 years$1,520$1,009$652$411$255$43
37 years$1,463$959$610$379$231$37
38 years$1,408$911$571$349$210$32
39 years$1,357$866$535$322$190$27
40 years$1,308$824$502$297$172$23
41 years$1,262$785$470$274$156$20
42 years$1,218$747$441$253$142$17
43 years$1,177$712$414$234$129$14
44 years$1,137$679$389$216$117$12
45 years$1,099$647$365$199$106$10
46 years$1,063$617$343$184$96$9
47 years$1,029$589$322$170$88$8
48 years$996$562$303$157$79$6
49 years$964$537$284$145$72$6
50 years$934$513$267$134$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $957,000, adding $3,758 every year, while hoping to spend $20,459 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: 55/34/11 Blend
39$957,000$957,000$957,000$957,000
40$1,058,490$1,007,769$992,936$1,113,568
41$1,144,688$1,035,382$1,004,431$1,178,928
42$1,238,992$1,063,662$1,015,626$1,247,497
43$1,342,208$1,092,620$1,026,488$1,321,673
44$1,455,223$1,122,267$1,036,984$1,401,994
45$1,579,012$1,152,615$1,047,080$1,489,052
46$1,714,652$1,183,674$1,056,738$1,583,498
47$1,863,326$1,215,453$1,065,918$1,686,049
48$2,026,339$1,247,964$1,074,580$1,797,494
49$2,205,127$1,281,216$1,082,680$1,918,704
50$2,401,273$1,315,219$1,090,173$2,050,634
51$2,616,520$1,349,981$1,097,010$2,194,340
52$2,852,786$1,385,512$1,103,141$2,350,982
53$3,112,188$1,421,819$1,108,514$2,521,838
54$3,397,053$1,458,910$1,113,071$2,708,318
55$3,709,948$1,496,792$1,116,755$2,911,973
56$4,053,700$1,535,473$1,119,503$3,134,510
57$4,431,423$1,574,956$1,121,252$3,377,812
58$4,846,547$1,615,248$1,121,933$3,643,953
59$5,302,853$1,656,353$1,121,476$3,935,217
60$5,804,503$1,698,274$1,119,804$4,254,120
61$6,356,085$1,741,012$1,116,841$4,603,435
62$6,962,654$1,784,570$1,112,503$4,986,216
63$7,629,778$1,828,947$1,106,705$5,405,828
64$8,363,591$1,874,141$1,099,356$5,865,980
65$9,170,854$1,920,151$1,090,361$6,370,757
66$10,059,015$1,966,972$1,079,621$6,924,659
67$11,036,279$2,014,598$1,067,033$7,532,648
68$12,111,688$2,063,022$1,052,488$8,200,188
69$13,295,205$2,112,235$1,035,871$8,933,302
70$14,597,807$2,162,225$1,017,063$9,738,625
71$16,031,588$2,212,979$995,940$10,623,469
72$17,609,876$2,264,481$972,370$11,595,892
73$19,347,357$2,316,714$946,217$12,664,772
74$21,260,210$2,369,656$917,338$13,839,893
75$23,366,266$2,423,284$885,584$15,132,037
76$25,685,172$2,477,571$850,798$16,553,083
77$28,238,576$2,532,488$812,816$18,116,125
78$31,050,333$2,588,002$771,467$19,835,590
79$34,146,728$2,644,076$726,573$21,727,376
80$37,556,728$2,700,670$677,947$23,809,004
81$41,312,250$2,757,738$625,393$26,099,781
82$45,448,464$2,815,231$568,708$28,620,983
83$50,004,126$2,873,096$507,679$31,396,056
84$55,021,943$2,931,274$442,082$34,450,841
85$60,548,975$2,989,701$371,686$37,813,809
86$66,637,081$3,048,306$296,248$41,516,341
87$73,343,405$3,107,015$215,514$45,593,017
88$80,730,918$3,165,745$129,220$50,081,943
89$88,869,012$3,224,407$37,089$55,025,115
90$97,834,153$3,282,904$0$60,468,813
91$107,710,604$3,341,134$0$66,471,224
92$118,591,220$3,398,985$0$73,086,478
93$130,578,325$3,456,335$0$80,372,192
94$143,784,674$3,513,055$0$88,396,662
95$158,334,523$3,569,007$0$97,235,149
96$174,364,796$3,624,040$0$106,970,590
97$192,026,382$3,677,995$0$117,694,380
98$211,485,556$3,730,700$0$129,507,238
99$232,925,548$3,781,970$0$142,520,154
100$256,548,277$3,831,609$0$156,855,440