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%15.3%
1 years$79,111$78,406$77,719$77,048$76,392$74,728
2 years$39,164$38,434$37,727$37,042$36,377$34,709
3 years$25,850$25,117$24,412$23,733$23,079$21,459
4 years$19,194$18,464$17,766$17,098$16,460$14,900
5 years$15,202$14,476$13,787$13,133$12,513$11,018
6 years$12,541$11,821$11,142$10,503$9,901$8,472
7 years$10,641$9,927$9,259$8,635$8,052$6,690
8 years$9,217$8,509$7,852$7,244$6,680$5,384
9 years$8,110$7,409$6,763$6,170$5,626$4,395
10 years$7,225$6,531$5,896$5,319$4,793$3,627
11 years$6,501$5,814$5,191$4,629$4,122$3,019
12 years$5,898$5,218$4,607$4,060$3,572$2,529
13 years$5,389$4,716$4,116$3,584$3,115$2,131
14 years$4,952$4,286$3,698$3,182$2,731$1,804
15 years$4,575$3,916$3,339$2,838$2,404$1,532
16 years$4,244$3,593$3,027$2,541$2,125$1,306
17 years$3,953$3,309$2,755$2,283$1,884$1,116
18 years$3,695$3,057$2,515$2,057$1,675$955
19 years$3,464$2,833$2,302$1,859$1,493$819
20 years$3,256$2,633$2,113$1,684$1,334$704
21 years$3,068$2,453$1,943$1,528$1,194$606
22 years$2,898$2,289$1,791$1,389$1,070$522
23 years$2,743$2,141$1,654$1,265$960$450
24 years$2,600$2,006$1,529$1,154$863$388
25 years$2,470$1,883$1,417$1,054$777$335
26 years$2,350$1,769$1,314$964$700$289
27 years$2,238$1,665$1,220$882$631$250
28 years$2,135$1,569$1,134$808$569$216
29 years$2,039$1,480$1,055$741$514$187
30 years$1,950$1,398$983$680$464$162
31 years$1,867$1,322$916$625$420$140
32 years$1,789$1,250$855$574$380$121
33 years$1,716$1,184$798$528$344$105
34 years$1,647$1,122$746$486$311$91
35 years$1,582$1,065$697$447$282$79
36 years$1,522$1,010$652$412$255$68
37 years$1,464$960$611$379$231$59
38 years$1,410$912$572$350$210$51
39 years$1,358$867$536$322$190$45
40 years$1,310$825$502$297$173$39
41 years$1,264$785$471$274$157$33
42 years$1,220$748$442$253$142$29
43 years$1,178$713$414$234$129$25
44 years$1,138$679$389$216$117$22
45 years$1,100$648$365$199$106$19
46 years$1,064$618$343$184$96$16
47 years$1,030$590$322$170$88$14
48 years$997$563$303$157$80$12
49 years$965$538$285$145$72$11
50 years$935$514$268$134$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $958,000, adding $4,094 every year, while hoping to spend $50,578 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: 48/25/27 Blend
39$958,000$958,000$958,000$958,000
40$1,059,939$1,009,165$994,316$1,102,481
41$1,114,238$1,004,799$973,811$1,128,414
42$1,172,381$998,525$950,924$1,151,256
43$1,234,705$990,194$925,521$1,175,073
44$1,301,583$979,652$897,464$1,199,981
45$1,373,422$966,732$866,607$1,226,113
46$1,450,670$951,261$832,797$1,253,617
47$1,533,817$933,052$795,875$1,282,660
48$1,623,404$911,908$755,674$1,313,428
49$1,720,022$887,623$712,020$1,346,133
50$1,824,323$859,975$664,731$1,381,010
51$1,937,021$828,731$613,617$1,418,324
52$2,058,903$793,645$558,479$1,458,369
53$2,190,833$754,455$499,110$1,501,478
54$2,333,760$710,885$435,292$1,548,020
55$2,488,729$662,644$366,799$1,598,406
56$2,656,887$609,422$293,396$1,653,099
57$2,839,499$550,893$214,833$1,712,611
58$3,037,952$486,711$130,855$1,777,515
59$3,253,776$416,513$41,191$1,848,449
60$3,488,652$339,912$0$1,926,124
61$3,744,428$256,502$0$2,027,028
62$4,023,143$165,853$0$2,150,026
63$4,327,034$67,511$0$2,284,303
64$4,658,569$0$0$2,431,038
65$5,020,461$0$0$2,602,262
66$5,415,697$0$0$2,809,646
67$5,847,567$0$0$3,036,354
68$6,319,690$0$0$3,284,300
69$6,836,054$0$0$3,555,591
70$7,401,048$0$0$3,852,547
71$8,019,503$0$0$4,177,723
72$8,696,743$0$0$4,533,931
73$9,438,628$0$0$4,924,270
74$10,251,612$0$0$5,352,152
75$11,142,803$0$0$5,821,334
76$12,120,030$0$0$6,335,956
77$13,191,914$0$0$6,900,575
78$14,367,953$0$0$7,520,214
79$15,658,608$0$0$8,200,404
80$17,075,401$0$0$8,947,236
81$18,631,025$0$0$9,767,422
82$20,339,462$0$0$10,668,356
83$22,216,113$0$0$11,658,182
84$24,277,947$0$0$12,745,872
85$26,543,655$0$0$13,941,310
86$29,033,829$0$0$15,255,388
87$31,771,158$0$0$16,700,101
88$34,780,634$0$0$18,288,668
89$38,089,794$0$0$20,035,651
90$41,728,977$0$0$21,957,095
91$45,731,609$0$0$24,070,678
92$50,134,517$0$0$26,395,875
93$54,978,277$0$0$28,954,147
94$60,307,597$0$0$31,769,139
95$66,171,736$0$0$34,866,902
96$72,624,969$0$0$38,276,142
97$79,727,099$0$0$42,028,489
98$87,544,020$0$0$46,158,792
99$96,148,336$0$0$50,705,454
100$105,620,050$0$0$55,710,787