Can I retire at age 40 with 958,000?

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 $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%15.2%
1 years$79,111$78,406$77,719$77,048$76,392$74,758
2 years$39,164$38,434$37,727$37,042$36,377$34,739
3 years$25,850$25,117$24,412$23,733$23,079$21,488
4 years$19,194$18,464$17,766$17,098$16,460$14,928
5 years$15,202$14,476$13,787$13,133$12,513$11,044
6 years$12,541$11,821$11,142$10,503$9,901$8,497
7 years$10,641$9,927$9,259$8,635$8,052$6,714
8 years$9,217$8,509$7,852$7,244$6,680$5,406
9 years$8,110$7,409$6,763$6,170$5,626$4,416
10 years$7,225$6,531$5,896$5,319$4,793$3,646
11 years$6,501$5,814$5,191$4,629$4,122$3,037
12 years$5,898$5,218$4,607$4,060$3,572$2,546
13 years$5,389$4,716$4,116$3,584$3,115$2,147
14 years$4,952$4,286$3,698$3,182$2,731$1,818
15 years$4,575$3,916$3,339$2,838$2,404$1,546
16 years$4,244$3,593$3,027$2,541$2,125$1,318
17 years$3,953$3,309$2,755$2,283$1,884$1,127
18 years$3,695$3,057$2,515$2,057$1,675$966
19 years$3,464$2,833$2,302$1,859$1,493$829
20 years$3,256$2,633$2,113$1,684$1,334$713
21 years$3,068$2,453$1,943$1,528$1,194$614
22 years$2,898$2,289$1,791$1,389$1,070$529
23 years$2,743$2,141$1,654$1,265$960$456
24 years$2,600$2,006$1,529$1,154$863$394
25 years$2,470$1,883$1,417$1,054$777$340
26 years$2,350$1,769$1,314$964$700$294
27 years$2,238$1,665$1,220$882$631$255
28 years$2,135$1,569$1,134$808$569$220
29 years$2,039$1,480$1,055$741$514$191
30 years$1,950$1,398$983$680$464$165
31 years$1,867$1,322$916$625$420$143
32 years$1,789$1,250$855$574$380$124
33 years$1,716$1,184$798$528$344$108
34 years$1,647$1,122$746$486$311$93
35 years$1,582$1,065$697$447$282$81
36 years$1,522$1,010$652$412$255$70
37 years$1,464$960$611$379$231$61
38 years$1,410$912$572$350$210$53
39 years$1,358$867$536$322$190$46
40 years$1,310$825$502$297$173$40
41 years$1,264$785$471$274$157$34
42 years$1,220$748$442$253$142$30
43 years$1,178$713$414$234$129$26
44 years$1,138$679$389$216$117$23
45 years$1,100$648$365$199$106$20
46 years$1,064$618$343$184$96$17
47 years$1,030$590$322$170$88$15
48 years$997$563$303$157$80$13
49 years$965$538$285$145$72$11
50 years$935$514$268$134$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $958,000, adding $4,494 every year, while hoping to spend $47,104 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: 52/37/11 Blend
39$958,000$958,000$958,000$958,000
40$1,060,352$1,009,578$994,729$1,112,210
41$1,118,389$1,008,929$977,934$1,147,405
42$1,180,768$1,006,669$958,997$1,180,239
43$1,247,881$1,002,670$937,798$1,214,857
44$1,320,159$996,796$914,209$1,251,440
45$1,398,078$988,901$888,098$1,290,187
46$1,482,156$978,832$859,324$1,331,322
47$1,572,968$966,426$827,742$1,375,093
48$1,671,140$951,511$793,201$1,421,776
49$1,777,365$933,903$755,542$1,471,679
50$1,892,401$913,409$714,597$1,525,141
51$2,017,083$889,824$670,194$1,582,544
52$2,152,331$862,931$622,151$1,644,307
53$2,299,153$832,499$570,277$1,710,900
54$2,458,661$798,285$514,376$1,782,841
55$2,632,075$760,032$454,238$1,860,707
56$2,820,741$717,468$389,650$1,945,140
57$3,026,137$670,304$320,383$2,036,848
58$3,249,890$618,236$246,203$2,136,619
59$3,493,792$560,942$166,863$2,245,327
60$3,759,812$498,082$82,107$2,363,940
61$4,050,120$429,295$0$2,493,532
62$4,367,104$354,203$0$2,636,270
63$4,713,393$272,403$0$2,802,840
64$5,091,879$183,471$0$2,985,090
65$5,505,750$86,960$0$3,184,670
66$5,958,512$0$0$3,403,407
67$6,454,027$0$0$3,650,488
68$6,996,550$0$0$3,959,866
69$7,590,762$0$0$4,298,816
70$8,241,821$0$0$4,670,293
71$8,955,408$0$0$5,077,550
72$9,737,778$0$0$5,524,170
73$10,595,821$0$0$6,014,099
74$11,537,124$0$0$6,551,686
75$12,570,048$0$0$7,141,716
76$13,703,797$0$0$7,789,465
77$14,948,515$0$0$8,500,743
78$16,315,373$0$0$9,281,948
79$17,816,676$0$0$10,140,131
80$19,465,982$0$0$11,083,059
81$21,278,225$0$0$12,119,288
82$23,269,859$0$0$13,258,243
83$25,459,008$0$0$14,510,309
84$27,865,644$0$0$15,886,928
85$30,511,765$0$0$17,400,703
86$33,421,611$0$0$19,065,523
87$36,621,887$0$0$20,896,688
88$40,142,016$0$0$22,911,055
89$44,014,417$0$0$25,127,200
90$48,274,807$0$0$27,565,587
91$52,962,540$0$0$30,248,765
92$58,120,979$0$0$33,201,579
93$63,797,901$0$0$36,451,404
94$70,045,949$0$0$40,028,404
95$76,923,129$0$0$43,965,815
96$84,493,355$0$0$48,300,260
97$92,827,053$0$0$53,072,091
98$102,001,821$0$0$58,325,772
99$112,103,168$0$0$64,110,299
100$123,225,313$0$0$70,479,660