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%16.1%
1 years$79,193$78,488$77,800$77,128$76,472$74,563
2 years$39,205$38,474$37,767$37,081$36,415$34,504
3 years$25,877$25,143$24,438$23,758$23,103$21,249
4 years$19,214$18,483$17,784$17,116$16,477$14,695
5 years$15,218$14,491$13,801$13,147$12,526$10,821
6 years$12,554$11,833$11,154$10,514$9,911$8,285
7 years$10,652$9,937$9,269$8,644$8,061$6,512
8 years$9,227$8,518$7,861$7,251$6,687$5,217
9 years$8,119$7,417$6,770$6,176$5,631$4,238
10 years$7,232$6,537$5,903$5,324$4,798$3,480
11 years$6,508$5,820$5,196$4,634$4,127$2,882
12 years$5,905$5,224$4,612$4,064$3,576$2,402
13 years$5,395$4,721$4,120$3,588$3,118$2,013
14 years$4,958$4,291$3,702$3,185$2,734$1,694
15 years$4,579$3,920$3,342$2,841$2,407$1,431
16 years$4,249$3,596$3,030$2,543$2,127$1,213
17 years$3,957$3,312$2,758$2,285$1,886$1,030
18 years$3,698$3,061$2,517$2,059$1,677$877
19 years$3,467$2,836$2,304$1,861$1,495$748
20 years$3,259$2,636$2,115$1,685$1,335$639
21 years$3,071$2,455$1,945$1,530$1,195$546
22 years$2,901$2,292$1,793$1,391$1,071$467
23 years$2,745$2,143$1,655$1,267$961$400
24 years$2,603$2,008$1,531$1,155$864$343
25 years$2,472$1,885$1,418$1,055$778$294
26 years$2,352$1,771$1,315$965$700$253
27 years$2,241$1,667$1,221$883$631$217
28 years$2,137$1,571$1,135$809$570$187
29 years$2,041$1,482$1,056$742$515$160
30 years$1,952$1,399$984$681$465$138
31 years$1,869$1,323$917$625$420$119
32 years$1,791$1,252$856$575$380$102
33 years$1,717$1,185$799$528$344$88
34 years$1,649$1,124$747$486$312$75
35 years$1,584$1,066$698$448$282$65
36 years$1,523$1,011$653$412$256$56
37 years$1,466$961$611$380$232$48
38 years$1,411$913$572$350$210$41
39 years$1,360$868$536$323$190$36
40 years$1,311$826$503$298$173$31
41 years$1,265$786$471$275$157$26
42 years$1,221$749$442$254$142$23
43 years$1,179$713$415$234$129$20
44 years$1,139$680$389$216$117$17
45 years$1,102$649$366$200$106$15
46 years$1,065$619$343$184$97$13
47 years$1,031$590$323$170$88$11
48 years$998$564$303$157$80$9
49 years$966$538$285$145$72$8
50 years$936$514$268$134$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $959,000, adding $4,059 every year, while hoping to spend $23,958 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: 49/40/11 Blend
39$959,000$959,000$959,000$959,000
40$1,061,005$1,010,178$995,313$1,109,637
41$1,143,736$1,034,185$1,003,165$1,167,451
42$1,234,103$1,058,566$1,010,477$1,227,368
43$1,332,859$1,083,314$1,017,206$1,291,904
44$1,440,834$1,108,419$1,023,305$1,361,499
45$1,558,941$1,133,874$1,028,728$1,436,636
46$1,688,186$1,159,667$1,033,424$1,517,849
47$1,829,677$1,185,786$1,037,339$1,605,724
48$1,984,632$1,212,218$1,040,418$1,700,908
49$2,154,395$1,238,947$1,042,602$1,804,114
50$2,340,445$1,265,956$1,043,831$1,916,125
51$2,544,410$1,293,228$1,044,039$2,037,807
52$2,768,085$1,320,741$1,043,159$2,170,112
53$3,013,445$1,348,473$1,041,120$2,314,089
54$3,282,667$1,376,399$1,037,848$2,470,894
55$3,578,147$1,404,491$1,033,265$2,641,802
56$3,902,527$1,432,720$1,027,289$2,828,217
57$4,258,716$1,461,054$1,019,833$3,031,687
58$4,649,917$1,489,458$1,010,810$3,253,916
59$5,079,659$1,517,892$1,000,123$3,496,785
60$5,551,833$1,546,317$987,675$3,762,364
61$6,070,720$1,574,687$973,363$4,052,936
62$6,641,041$1,602,954$957,078$4,371,016
63$7,267,994$1,631,066$938,707$4,719,379
64$7,957,309$1,658,967$918,133$5,101,079
65$8,715,294$1,686,597$895,230$5,519,486
66$9,548,904$1,713,890$869,870$5,978,312
67$10,465,798$1,740,776$841,917$6,481,648
68$11,474,417$1,767,182$811,229$7,034,005
69$12,584,061$1,793,027$777,658$7,640,354
70$13,804,974$1,818,224$741,048$8,306,173
71$15,148,446$1,842,682$701,238$9,037,503
72$16,626,917$1,866,303$658,059$9,841,000
73$18,254,092$1,888,981$611,333$10,723,999
74$20,045,072$1,910,604$560,876$11,694,588
75$22,016,498$1,931,052$506,494$12,761,679
76$24,186,704$1,950,197$447,985$13,935,098
77$26,575,894$1,967,902$385,138$15,225,671
78$29,206,328$1,984,023$317,734$16,645,334
79$32,102,538$1,998,404$245,542$18,207,242
80$35,291,551$2,010,880$168,322$19,925,893
81$38,803,152$2,021,276$85,823$21,817,268
82$42,670,160$2,029,406$0$23,898,981
83$46,928,740$2,035,069$0$26,190,706
84$51,618,740$2,038,057$0$28,724,346
85$56,784,074$2,038,143$0$31,513,436
86$62,473,128$2,035,091$0$34,584,004
87$68,739,224$2,028,648$0$37,964,736
88$75,641,117$2,018,544$0$41,687,245
89$83,243,555$2,004,496$0$45,786,375
90$91,617,882$1,986,202$0$50,300,525
91$100,842,721$1,963,340$0$55,272,012
92$111,004,708$1,935,573$0$60,747,478
93$122,199,312$1,902,540$0$66,778,322
94$134,531,738$1,863,860$0$73,421,192
95$148,117,916$1,819,131$0$80,738,520
96$163,085,598$1,767,923$0$88,799,109
97$179,575,564$1,709,785$0$97,678,787
98$197,742,945$1,644,239$0$107,461,122
99$217,758,696$1,570,777$0$118,238,213
100$239,811,201$1,488,863$0$130,111,557