Can I retire at age 40 with 962,000?

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 $962,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$79,441$78,733$78,043$77,369$76,711$75,070
2 years$39,327$38,595$37,885$37,197$36,529$34,884
3 years$25,958$25,222$24,514$23,832$23,176$21,577
4 years$19,274$18,541$17,840$17,170$16,529$14,990
5 years$15,265$14,536$13,845$13,188$12,565$11,090
6 years$12,593$11,870$11,188$10,547$9,942$8,533
7 years$10,686$9,968$9,298$8,671$8,086$6,742
8 years$9,256$8,545$7,885$7,274$6,708$5,429
9 years$8,144$7,440$6,791$6,196$5,649$4,434
10 years$7,255$6,558$5,921$5,341$4,813$3,661
11 years$6,528$5,838$5,213$4,648$4,140$3,049
12 years$5,923$5,240$4,626$4,077$3,587$2,557
13 years$5,411$4,735$4,133$3,599$3,128$2,156
14 years$4,973$4,304$3,714$3,195$2,742$1,826
15 years$4,594$3,932$3,353$2,849$2,414$1,552
16 years$4,262$3,608$3,040$2,551$2,134$1,324
17 years$3,970$3,322$2,766$2,292$1,892$1,132
18 years$3,710$3,070$2,525$2,066$1,682$970
19 years$3,478$2,845$2,312$1,867$1,499$832
20 years$3,270$2,644$2,122$1,691$1,339$716
21 years$3,081$2,463$1,951$1,534$1,199$616
22 years$2,910$2,299$1,799$1,395$1,074$531
23 years$2,754$2,150$1,661$1,271$964$458
24 years$2,611$2,015$1,536$1,159$867$396
25 years$2,480$1,891$1,422$1,058$780$342
26 years$2,359$1,777$1,319$968$703$296
27 years$2,248$1,672$1,225$886$633$256
28 years$2,144$1,576$1,139$812$572$221
29 years$2,048$1,486$1,060$744$516$192
30 years$1,958$1,404$987$683$466$166
31 years$1,875$1,327$920$627$422$144
32 years$1,796$1,256$859$576$381$125
33 years$1,723$1,189$802$530$345$108
34 years$1,654$1,127$749$488$312$94
35 years$1,589$1,069$700$449$283$81
36 years$1,528$1,015$655$414$256$70
37 years$1,470$964$613$381$232$61
38 years$1,416$916$574$351$211$53
39 years$1,364$871$538$324$191$46
40 years$1,315$829$504$299$173$40
41 years$1,269$789$473$276$157$35
42 years$1,225$751$444$254$143$30
43 years$1,183$716$416$235$129$26
44 years$1,143$682$391$217$118$23
45 years$1,105$651$367$200$107$20
46 years$1,069$621$345$185$97$17
47 years$1,034$592$324$171$88$15
48 years$1,001$565$304$158$80$13
49 years$969$540$286$146$73$11
50 years$939$516$269$135$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $962,000, adding $2,838 every year, while hoping to spend $23,654 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: 56/24/20 Blend
39$962,000$962,000$962,000$962,000
40$1,063,051$1,012,065$997,154$1,116,718
41$1,146,315$1,036,489$1,005,391$1,178,077
42$1,237,279$1,061,316$1,013,112$1,242,119
43$1,336,703$1,086,543$1,020,273$1,311,368
44$1,445,425$1,112,162$1,026,830$1,386,332
45$1,564,366$1,138,166$1,032,737$1,467,567
46$1,694,542$1,164,547$1,037,944$1,555,687
47$1,837,071$1,191,294$1,042,400$1,651,369
48$1,993,182$1,218,398$1,046,051$1,755,358
49$2,164,231$1,245,844$1,048,839$1,868,477
50$2,351,712$1,273,620$1,050,704$1,991,630
51$2,557,268$1,301,708$1,051,583$2,125,815
52$2,782,709$1,330,091$1,051,411$2,272,131
53$3,030,030$1,358,751$1,050,118$2,431,790
54$3,301,428$1,387,664$1,047,632$2,606,127
55$3,599,321$1,416,808$1,043,875$2,796,614
56$3,926,376$1,446,155$1,038,770$3,004,872
57$4,285,528$1,475,679$1,032,230$3,232,689
58$4,680,012$1,505,347$1,024,170$3,482,034
59$5,113,390$1,535,126$1,014,496$3,755,079
60$5,589,587$1,564,978$1,003,113$4,054,217
61$6,112,927$1,594,864$989,919$4,382,085
62$6,688,173$1,624,740$974,809$4,741,591
63$7,320,574$1,654,559$957,672$5,135,938
64$8,015,911$1,684,271$938,393$5,568,659
65$8,780,555$1,713,822$916,850$6,043,645
66$9,621,524$1,743,151$892,917$6,565,186
67$10,546,550$1,772,196$866,460$7,138,012
68$11,564,153$1,800,889$837,341$7,767,335
69$12,683,720$1,829,156$805,416$8,458,898
70$13,915,593$1,856,918$770,531$9,219,033
71$15,271,169$1,884,093$732,530$10,054,720
72$16,763,004$1,910,588$691,245$10,973,650
73$18,404,932$1,936,309$646,503$11,984,301
74$20,212,198$1,961,151$598,124$13,096,016
75$22,201,599$1,985,004$545,918$14,319,097
76$24,391,643$2,007,751$489,687$15,664,892
77$26,802,724$2,029,264$429,225$17,145,915
78$29,457,315$2,049,411$364,317$18,775,955
79$32,380,176$2,068,047$294,737$20,570,209
80$35,598,592$2,085,020$220,249$22,545,429
81$39,142,630$2,100,167$140,609$24,720,079
82$43,045,419$2,113,316$55,559$27,114,505
83$47,343,464$2,124,281$0$29,751,136
84$52,076,994$2,132,867$0$32,662,203
85$57,290,335$2,138,866$0$35,880,576
86$63,032,334$2,142,055$0$39,424,474
87$69,356,816$2,142,200$0$43,327,055
88$76,323,094$2,139,050$0$47,624,858
89$83,996,526$2,132,340$0$52,358,151
90$92,449,135$2,121,788$0$57,571,308
91$101,760,287$2,107,095$0$63,313,232
92$112,017,438$2,087,945$0$69,637,814
93$123,316,964$2,064,001$0$76,604,443
94$135,765,063$2,034,907$0$84,278,568
95$149,478,767$2,000,284$0$92,732,315
96$164,587,037$1,959,734$0$102,045,167
97$181,231,986$1,912,832$0$112,304,717
98$199,570,218$1,859,130$0$123,607,496
99$219,774,305$1,798,152$0$136,059,882
100$242,034,418$1,729,396$0$149,779,105