Can I retire at age 40 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$79,193$78,488$77,800$77,128$76,472$74,412
2 years$39,205$38,474$37,767$37,081$36,415$34,355
3 years$25,877$25,143$24,438$23,758$23,103$21,106
4 years$19,214$18,483$17,784$17,116$16,477$14,560
5 years$15,218$14,491$13,801$13,147$12,526$10,693
6 years$12,554$11,833$11,154$10,514$9,911$8,164
7 years$10,652$9,937$9,269$8,644$8,061$6,400
8 years$9,227$8,518$7,861$7,251$6,687$5,112
9 years$8,119$7,417$6,770$6,176$5,631$4,140
10 years$7,232$6,537$5,903$5,324$4,798$3,389
11 years$6,508$5,820$5,196$4,634$4,127$2,797
12 years$5,905$5,224$4,612$4,064$3,576$2,324
13 years$5,395$4,721$4,120$3,588$3,118$1,941
14 years$4,958$4,291$3,702$3,185$2,734$1,628
15 years$4,579$3,920$3,342$2,841$2,407$1,371
16 years$4,249$3,596$3,030$2,543$2,127$1,157
17 years$3,957$3,312$2,758$2,285$1,886$980
18 years$3,698$3,061$2,517$2,059$1,677$831
19 years$3,467$2,836$2,304$1,861$1,495$706
20 years$3,259$2,636$2,115$1,685$1,335$600
21 years$3,071$2,455$1,945$1,530$1,195$511
22 years$2,901$2,292$1,793$1,391$1,071$436
23 years$2,745$2,143$1,655$1,267$961$372
24 years$2,603$2,008$1,531$1,155$864$318
25 years$2,472$1,885$1,418$1,055$778$271
26 years$2,352$1,771$1,315$965$700$232
27 years$2,241$1,667$1,221$883$631$199
28 years$2,137$1,571$1,135$809$570$170
29 years$2,041$1,482$1,056$742$515$145
30 years$1,952$1,399$984$681$465$124
31 years$1,869$1,323$917$625$420$107
32 years$1,791$1,252$856$575$380$91
33 years$1,717$1,185$799$528$344$78
34 years$1,649$1,124$747$486$312$67
35 years$1,584$1,066$698$448$282$57
36 years$1,523$1,011$653$412$256$49
37 years$1,466$961$611$380$232$42
38 years$1,411$913$572$350$210$36
39 years$1,360$868$536$323$190$31
40 years$1,311$826$503$298$173$27
41 years$1,265$786$471$275$157$23
42 years$1,221$749$442$254$142$20
43 years$1,179$713$415$234$129$17
44 years$1,139$680$389$216$117$14
45 years$1,102$649$366$200$106$12
46 years$1,065$619$343$184$97$11
47 years$1,031$590$323$170$88$9
48 years$998$564$303$157$80$8
49 years$966$538$285$145$72$7
50 years$936$514$268$134$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $959,000, adding $3,416 every year, while hoping to spend $23,274 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: 69/13/18 Blend
39$959,000$959,000$959,000$959,000
40$1,060,342$1,009,515$994,650$1,128,673
41$1,143,733$1,034,217$1,003,208$1,199,385
42$1,234,850$1,059,351$1,011,272$1,273,661
43$1,334,457$1,084,911$1,018,801$1,354,353
44$1,443,394$1,110,894$1,025,753$1,442,091
45$1,562,586$1,137,293$1,032,082$1,537,571
46$1,693,053$1,164,103$1,037,739$1,641,556
47$1,835,916$1,191,316$1,042,675$1,754,892
48$1,992,412$1,218,923$1,046,837$1,878,505
49$2,163,901$1,246,914$1,050,170$2,013,419
50$2,351,882$1,275,276$1,052,614$2,160,761
51$2,558,006$1,303,997$1,054,109$2,321,774
52$2,784,092$1,333,061$1,054,590$2,497,826
53$3,032,140$1,362,453$1,053,990$2,690,425
54$3,304,358$1,392,152$1,052,238$2,901,232
55$3,603,175$1,422,140$1,049,261$3,132,078
56$3,931,267$1,452,393$1,044,979$3,384,981
57$4,291,582$1,482,886$1,039,312$3,662,165
58$4,687,368$1,513,593$1,032,173$3,966,078
59$5,122,203$1,544,482$1,023,474$4,299,421
60$5,600,028$1,575,521$1,013,121$4,665,169
61$6,125,184$1,606,676$1,001,014$5,066,600
62$6,702,457$1,637,906$987,051$5,507,328
63$7,337,114$1,669,171$971,125$5,991,334
64$8,034,964$1,700,424$953,121$6,523,005
65$8,802,402$1,731,617$932,923$7,107,178
66$9,646,477$1,762,696$910,406$7,749,181
67$10,574,954$1,793,604$885,440$8,454,887
68$11,596,388$1,824,280$857,892$9,230,768
69$12,720,207$1,854,656$827,618$10,083,957
70$13,956,796$1,884,663$794,471$11,022,315
71$15,317,600$1,914,222$758,297$12,054,503
72$16,815,228$1,943,251$718,932$13,190,069
73$18,463,574$1,971,663$676,209$14,439,533
74$20,277,946$1,999,363$629,950$15,814,492
75$22,275,214$2,026,249$579,971$17,327,723
76$24,473,964$2,052,213$526,078$18,993,309
77$26,894,677$2,077,140$468,071$20,826,770
78$29,559,921$2,100,906$405,737$22,845,210
79$32,494,561$2,123,380$338,858$25,067,479
80$35,726,001$2,144,419$267,204$27,514,350
81$39,284,432$2,163,875$190,535$30,208,717
82$43,203,126$2,181,587$108,600$33,175,810
83$47,518,745$2,197,385$21,138$36,443,435
84$52,271,688$2,211,088$0$40,042,234
85$57,506,471$2,222,502$0$44,019,845
86$63,272,148$2,231,422$0$48,404,852
87$69,622,775$2,237,629$0$53,234,263
88$76,617,917$2,240,892$0$58,553,339
89$84,323,213$2,240,964$0$64,411,955
90$92,810,992$2,237,583$0$70,865,075
91$102,160,960$2,230,470$0$77,973,265
92$112,460,946$2,219,332$0$85,803,270
93$123,807,737$2,203,854$0$94,428,641
94$136,307,988$2,183,705$0$103,930,430
95$150,079,229$2,158,532$0$114,397,956
96$165,250,972$2,127,961$0$125,929,647
97$181,965,938$2,091,599$0$138,633,971
98$200,381,401$2,049,024$0$152,630,458
99$220,670,672$1,999,794$0$168,050,828
100$243,024,735$1,943,439$0$185,040,238