Can I retire at age 40 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$79,358$78,652$77,962$77,289$76,631$75,768
2 years$39,286$38,555$37,846$37,158$36,491$35,622
3 years$25,931$25,196$24,489$23,808$23,152$22,304
4 years$19,254$18,522$17,821$17,152$16,512$15,692
5 years$15,249$14,521$13,830$13,174$12,552$11,762
6 years$12,580$11,858$11,177$10,536$9,932$9,173
7 years$10,675$9,958$9,288$8,662$8,077$7,350
8 years$9,246$8,536$7,877$7,266$6,701$6,005
9 years$8,135$7,432$6,784$6,189$5,643$4,978
10 years$7,248$6,551$5,915$5,335$4,808$4,174
11 years$6,522$5,832$5,207$4,643$4,135$3,531
12 years$5,917$5,234$4,621$4,073$3,584$3,009
13 years$5,406$4,730$4,129$3,596$3,125$2,579
14 years$4,968$4,300$3,710$3,192$2,739$2,221
15 years$4,589$3,928$3,349$2,847$2,412$1,921
16 years$4,258$3,604$3,037$2,549$2,132$1,667
17 years$3,966$3,319$2,763$2,290$1,890$1,451
18 years$3,706$3,067$2,523$2,064$1,681$1,266
19 years$3,474$2,842$2,309$1,865$1,498$1,107
20 years$3,266$2,641$2,119$1,689$1,338$969
21 years$3,078$2,460$1,949$1,533$1,197$850
22 years$2,907$2,297$1,797$1,394$1,073$747
23 years$2,751$2,148$1,659$1,269$963$657
24 years$2,609$2,012$1,534$1,158$866$579
25 years$2,478$1,889$1,421$1,057$779$510
26 years$2,357$1,775$1,318$967$702$450
27 years$2,245$1,670$1,224$885$633$397
28 years$2,142$1,574$1,138$811$571$351
29 years$2,046$1,485$1,059$743$516$310
30 years$1,956$1,402$986$682$466$274
31 years$1,873$1,326$919$627$421$242
32 years$1,794$1,254$858$576$381$214
33 years$1,721$1,188$801$530$345$190
34 years$1,652$1,126$748$487$312$168
35 years$1,587$1,068$700$449$283$149
36 years$1,526$1,014$654$413$256$132
37 years$1,469$963$613$381$232$117
38 years$1,414$915$574$351$211$103
39 years$1,363$870$537$323$191$92
40 years$1,314$828$504$298$173$81
41 years$1,268$788$472$275$157$72
42 years$1,223$750$443$254$143$64
43 years$1,182$715$416$235$129$57
44 years$1,142$681$390$217$117$50
45 years$1,104$650$366$200$107$45
46 years$1,068$620$344$185$97$39
47 years$1,033$592$323$171$88$35
48 years$1,000$565$304$158$80$31
49 years$968$539$286$146$72$28
50 years$938$515$269$135$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $961,000, adding $5,362 every year, while hoping to spend $59,324 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: 54/39/7 Blend
39$961,000$961,000$961,000$961,000
40$1,064,553$1,013,620$998,724$1,120,006
41$1,110,017$1,000,167$969,061$1,144,665
42$1,158,130$984,067$936,416$1,164,500
43$1,209,100$965,126$900,627$1,184,650
44$1,263,153$943,143$861,523$1,205,155
45$1,320,538$917,899$818,927$1,226,062
46$1,381,524$889,168$772,653$1,247,424
47$1,446,410$856,708$722,507$1,269,306
48$1,515,519$820,262$668,286$1,291,782
49$1,589,207$779,559$609,778$1,314,936
50$1,667,862$734,314$546,762$1,338,869
51$1,751,913$684,224$479,007$1,363,692
52$1,841,825$628,968$406,271$1,389,537
53$1,938,111$568,207$328,301$1,416,550
54$2,041,334$501,585$244,834$1,444,903
55$2,152,109$428,722$155,596$1,474,786
56$2,271,115$349,220$60,299$1,506,419
57$2,399,093$262,656$0$1,540,051
58$2,536,859$168,585$0$1,579,052
59$2,685,309$66,536$0$1,625,656
60$2,845,425$0$0$1,675,736
61$3,018,290$0$0$1,748,599
62$3,205,089$0$0$1,858,262
63$3,407,129$0$0$1,976,948
64$3,625,842$0$0$2,105,507
65$3,862,807$0$0$2,244,877
66$4,119,757$0$0$2,396,088
67$4,398,598$0$0$2,560,273
68$4,701,428$0$0$2,738,678
69$5,030,553$0$0$2,932,673
70$5,388,511$0$0$3,143,768
71$5,778,093$0$0$3,373,621
72$6,202,370$0$0$3,624,059
73$6,664,724$0$0$3,897,091
74$7,168,873$0$0$4,194,928
75$7,718,913$0$0$4,520,005
76$8,319,350$0$0$4,875,002
77$8,975,144$0$0$5,262,868
78$9,691,756$0$0$5,686,851
79$10,475,199$0$0$6,150,526
80$11,332,092$0$0$6,657,830
81$12,269,724$0$0$7,213,097
82$13,296,119$0$0$7,821,100
83$14,420,116$0$0$8,487,097
84$15,651,445$0$0$9,216,875
85$17,000,825$0$0$10,016,809
86$18,480,060$0$0$10,893,920
87$20,102,148$0$0$11,855,942
88$21,881,409$0$0$12,911,392
89$23,833,613$0$0$14,069,650
90$25,976,131$0$0$15,341,053
91$28,328,098$0$0$16,736,981
92$30,910,592$0$0$18,269,976
93$33,746,830$0$0$19,953,849
94$36,862,390$0$0$21,803,817
95$40,285,449$0$0$23,836,645
96$44,047,047$0$0$26,070,800
97$48,181,382$0$0$28,526,627
98$52,726,127$0$0$31,226,542
99$57,722,788$0$0$34,195,239
100$63,217,095$0$0$37,459,926