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%15.8%
1 years$79,193$78,488$77,800$77,128$76,472$74,654
2 years$39,205$38,474$37,767$37,081$36,415$34,594
3 years$25,877$25,143$24,438$23,758$23,103$21,336
4 years$19,214$18,483$17,784$17,116$16,477$14,778
5 years$15,218$14,491$13,801$13,147$12,526$10,898
6 years$12,554$11,833$11,154$10,514$9,911$8,358
7 years$10,652$9,937$9,269$8,644$8,061$6,581
8 years$9,227$8,518$7,861$7,251$6,687$5,281
9 years$8,119$7,417$6,770$6,176$5,631$4,298
10 years$7,232$6,537$5,903$5,324$4,798$3,536
11 years$6,508$5,820$5,196$4,634$4,127$2,933
12 years$5,905$5,224$4,612$4,064$3,576$2,450
13 years$5,395$4,721$4,120$3,588$3,118$2,057
14 years$4,958$4,291$3,702$3,185$2,734$1,735
15 years$4,579$3,920$3,342$2,841$2,407$1,469
16 years$4,249$3,596$3,030$2,543$2,127$1,247
17 years$3,957$3,312$2,758$2,285$1,886$1,062
18 years$3,698$3,061$2,517$2,059$1,677$906
19 years$3,467$2,836$2,304$1,861$1,495$774
20 years$3,259$2,636$2,115$1,685$1,335$663
21 years$3,071$2,455$1,945$1,530$1,195$568
22 years$2,901$2,292$1,793$1,391$1,071$487
23 years$2,745$2,143$1,655$1,267$961$418
24 years$2,603$2,008$1,531$1,155$864$360
25 years$2,472$1,885$1,418$1,055$778$309
26 years$2,352$1,771$1,315$965$700$266
27 years$2,241$1,667$1,221$883$631$229
28 years$2,137$1,571$1,135$809$570$197
29 years$2,041$1,482$1,056$742$515$170
30 years$1,952$1,399$984$681$465$146
31 years$1,869$1,323$917$625$420$126
32 years$1,791$1,252$856$575$380$109
33 years$1,717$1,185$799$528$344$94
34 years$1,649$1,124$747$486$312$81
35 years$1,584$1,066$698$448$282$70
36 years$1,523$1,011$653$412$256$60
37 years$1,466$961$611$380$232$52
38 years$1,411$913$572$350$210$45
39 years$1,360$868$536$323$190$39
40 years$1,311$826$503$298$173$33
41 years$1,265$786$471$275$157$29
42 years$1,221$749$442$254$142$25
43 years$1,179$713$415$234$129$22
44 years$1,139$680$389$216$117$19
45 years$1,102$649$366$200$106$16
46 years$1,065$619$343$184$97$14
47 years$1,031$590$323$170$88$12
48 years$998$564$303$157$80$10
49 years$966$538$285$145$72$9
50 years$936$514$268$134$66$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $959,000, adding $2,892 every year, while hoping to spend $59,491 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: 55/22/23 Blend
39$959,000$959,000$959,000$959,000
40$1,059,801$1,008,974$994,110$1,111,279
41$1,104,603$995,116$964,114$1,133,048
42$1,151,980$978,585$931,120$1,150,255
43$1,202,134$959,187$894,964$1,167,735
44$1,255,282$936,717$855,476$1,185,534
45$1,311,662$910,958$812,476$1,203,703
46$1,371,536$881,679$765,778$1,222,304
47$1,435,189$848,637$715,188$1,241,407
48$1,502,932$811,575$660,501$1,261,093
49$1,575,109$770,219$601,505$1,281,456
50$1,652,091$724,282$537,977$1,302,603
51$1,734,290$673,457$469,685$1,324,658
52$1,822,155$617,424$396,386$1,347,761
53$1,916,177$555,840$317,828$1,372,071
54$2,016,897$488,346$233,744$1,397,769
55$2,124,906$414,560$143,860$1,425,062
56$2,240,854$334,081$47,887$1,454,181
57$2,365,453$246,484$0$1,485,390
58$2,499,487$151,319$0$1,532,367
59$2,643,814$48,113$0$1,595,475
60$2,799,378$0$0$1,663,405
61$2,967,215$0$0$1,752,067
62$3,148,464$0$0$1,860,462
63$3,344,376$0$0$1,977,698
64$3,556,327$0$0$2,104,607
65$3,785,827$0$0$2,242,105
66$4,034,539$0$0$2,391,196
67$4,304,290$0$0$2,552,986
68$4,597,090$0$0$2,728,693
69$4,915,149$0$0$2,919,655
70$5,260,899$0$0$3,127,342
71$5,637,014$0$0$3,353,374
72$6,046,437$0$0$3,599,534
73$6,492,406$0$0$3,867,782
74$6,978,484$0$0$4,160,275
75$7,508,594$0$0$4,479,389
76$8,087,052$0$0$4,827,738
77$8,718,609$0$0$5,208,200
78$9,408,496$0$0$5,623,941
79$10,162,469$0$0$6,078,450
80$10,986,868$0$0$6,575,566
81$11,888,672$0$0$7,119,516
82$12,875,566$0$0$7,714,958
83$13,956,012$0$0$8,367,015
84$15,139,329$0$0$9,081,334
85$16,435,778$0$0$9,864,131
86$17,856,660$0$0$10,722,254
87$19,414,422$0$0$11,663,242
88$21,122,771$0$0$12,695,402
89$22,996,807$0$0$13,827,881
90$25,053,159$0$0$15,070,755
91$27,310,145$0$0$16,435,125
92$29,787,943$0$0$17,933,215
93$32,508,779$0$0$19,578,495
94$35,497,139$0$0$21,385,799
95$38,779,994$0$0$23,371,474
96$42,387,057$0$0$25,553,523
97$46,351,064$0$0$27,951,783
98$50,708,075$0$0$30,588,108
99$55,497,822$0$0$33,486,572
100$60,764,075$0$0$36,673,702