Can I retire at age 40 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$79,111$78,406$77,719$77,048$76,392$75,313
2 years$39,164$38,434$37,727$37,042$36,377$35,292
3 years$25,850$25,117$24,412$23,733$23,079$22,022
4 years$19,194$18,464$17,766$17,098$16,460$15,439
5 years$15,202$14,476$13,787$13,133$12,513$11,530
6 years$12,541$11,821$11,142$10,503$9,901$8,958
7 years$10,641$9,927$9,259$8,635$8,052$7,150
8 years$9,217$8,509$7,852$7,244$6,680$5,818
9 years$8,110$7,409$6,763$6,170$5,626$4,803
10 years$7,225$6,531$5,896$5,319$4,793$4,010
11 years$6,501$5,814$5,191$4,629$4,122$3,378
12 years$5,898$5,218$4,607$4,060$3,572$2,865
13 years$5,389$4,716$4,116$3,584$3,115$2,445
14 years$4,952$4,286$3,698$3,182$2,731$2,096
15 years$4,575$3,916$3,339$2,838$2,404$1,804
16 years$4,244$3,593$3,027$2,541$2,125$1,558
17 years$3,953$3,309$2,755$2,283$1,884$1,349
18 years$3,695$3,057$2,515$2,057$1,675$1,171
19 years$3,464$2,833$2,302$1,859$1,493$1,019
20 years$3,256$2,633$2,113$1,684$1,334$888
21 years$3,068$2,453$1,943$1,528$1,194$775
22 years$2,898$2,289$1,791$1,389$1,070$677
23 years$2,743$2,141$1,654$1,265$960$592
24 years$2,600$2,006$1,529$1,154$863$519
25 years$2,470$1,883$1,417$1,054$777$455
26 years$2,350$1,769$1,314$964$700$399
27 years$2,238$1,665$1,220$882$631$350
28 years$2,135$1,569$1,134$808$569$307
29 years$2,039$1,480$1,055$741$514$270
30 years$1,950$1,398$983$680$464$238
31 years$1,867$1,322$916$625$420$209
32 years$1,789$1,250$855$574$380$184
33 years$1,716$1,184$798$528$344$162
34 years$1,647$1,122$746$486$311$142
35 years$1,582$1,065$697$447$282$125
36 years$1,522$1,010$652$412$255$110
37 years$1,464$960$611$379$231$97
38 years$1,410$912$572$350$210$86
39 years$1,358$867$536$322$190$75
40 years$1,310$825$502$297$173$66
41 years$1,264$785$471$274$157$59
42 years$1,220$748$442$253$142$52
43 years$1,178$713$414$234$129$45
44 years$1,138$679$389$216$117$40
45 years$1,100$648$365$199$106$35
46 years$1,064$618$343$184$96$31
47 years$1,030$590$322$170$88$27
48 years$997$563$303$157$80$24
49 years$965$538$285$145$72$21
50 years$935$514$268$134$66$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $958,000, adding $3,750 every year, while hoping to spend $54,165 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: 72/11/17 Blend
39$958,000$958,000$958,000$958,000
40$1,059,584$1,008,810$993,961$1,131,430
41$1,110,031$1,000,611$969,628$1,171,433
42$1,163,807$990,194$942,664$1,208,316
43$1,221,196$977,395$912,924$1,247,307
44$1,282,508$962,036$880,256$1,288,605
45$1,348,081$943,933$844,502$1,332,431
46$1,418,287$922,887$805,494$1,379,027
47$1,493,534$898,691$763,060$1,428,663
48$1,574,269$871,122$717,018$1,481,636
49$1,660,985$839,947$667,178$1,538,276
50$1,754,218$804,917$613,341$1,598,947
51$1,854,562$765,771$555,302$1,664,052
52$1,962,665$722,232$492,842$1,734,037
53$2,079,241$674,005$425,736$1,809,394
54$2,205,074$620,782$353,749$1,890,668
55$2,341,025$562,234$276,633$1,978,462
56$2,488,040$498,014$194,131$2,073,441
57$2,647,161$427,757$105,975$2,176,342
58$2,819,530$351,076$11,884$2,287,979
59$3,006,404$267,562$0$2,409,251
60$3,209,168$176,783$0$2,557,210
61$3,429,341$78,283$0$2,720,239
62$3,668,596$0$0$2,897,454
63$3,928,773$0$0$3,093,693
64$4,211,896$0$0$3,317,593
65$4,520,193$0$0$3,561,443
66$4,856,115$0$0$3,827,188
67$5,222,360$0$0$4,116,966
68$5,621,895$0$0$4,433,134
69$6,057,989$0$0$4,778,282
70$6,534,238$0$0$5,155,263
71$7,054,602$0$0$5,567,219
72$7,623,440$0$0$6,017,607
73$8,245,551$0$0$6,510,234
74$8,926,220$0$0$7,049,293
75$9,671,266$0$0$7,639,398
76$10,487,095$0$0$8,285,634
77$11,380,764$0$0$8,993,596
78$12,360,043$0$0$9,769,449
79$13,433,489$0$0$10,619,983
80$14,610,527$0$0$11,552,673
81$15,901,537$0$0$12,575,756
82$17,317,954$0$0$13,698,302
83$18,872,372$0$0$14,930,301
84$20,578,661$0$0$16,282,760
85$22,452,103$0$0$17,767,800
86$24,509,530$0$0$19,398,778
87$26,769,485$0$0$21,190,402
88$29,252,395$0$0$23,158,881
89$31,980,763$0$0$25,322,066
90$34,979,381$0$0$27,699,628
91$38,275,559$0$0$30,313,234
92$41,899,389$0$0$33,186,757
93$45,884,020$0$0$36,346,499
94$50,265,977$0$0$39,821,438
95$55,085,500$0$0$43,643,500
96$60,386,925$0$0$47,847,861
97$66,219,100$0$0$52,473,278
98$72,635,848$0$0$57,562,452
99$79,696,469$0$0$63,162,435
100$87,466,304$0$0$69,325,067