Can I retire at age 40 with 962,000?

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 $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%19.8%
1 years$79,441$78,733$78,043$77,369$76,711$73,697
2 years$39,327$38,595$37,885$37,197$36,529$33,529
3 years$25,958$25,222$24,514$23,832$23,176$20,284
4 years$19,274$18,541$17,840$17,170$16,529$13,768
5 years$15,265$14,536$13,845$13,188$12,565$9,942
6 years$12,593$11,870$11,188$10,547$9,942$7,459
7 years$10,686$9,968$9,298$8,671$8,086$5,741
8 years$9,256$8,545$7,885$7,274$6,708$4,500
9 years$8,144$7,440$6,791$6,196$5,649$3,574
10 years$7,255$6,558$5,921$5,341$4,813$2,867
11 years$6,528$5,838$5,213$4,648$4,140$2,318
12 years$5,923$5,240$4,626$4,077$3,587$1,885
13 years$5,411$4,735$4,133$3,599$3,128$1,541
14 years$4,973$4,304$3,714$3,195$2,742$1,264
15 years$4,594$3,932$3,353$2,849$2,414$1,040
16 years$4,262$3,608$3,040$2,551$2,134$858
17 years$3,970$3,322$2,766$2,292$1,892$710
18 years$3,710$3,070$2,525$2,066$1,682$588
19 years$3,478$2,845$2,312$1,867$1,499$487
20 years$3,270$2,644$2,122$1,691$1,339$404
21 years$3,081$2,463$1,951$1,534$1,199$336
22 years$2,910$2,299$1,799$1,395$1,074$279
23 years$2,754$2,150$1,661$1,271$964$233
24 years$2,611$2,015$1,536$1,159$867$194
25 years$2,480$1,891$1,422$1,058$780$161
26 years$2,359$1,777$1,319$968$703$134
27 years$2,248$1,672$1,225$886$633$112
28 years$2,144$1,576$1,139$812$572$93
29 years$2,048$1,486$1,060$744$516$78
30 years$1,958$1,404$987$683$466$65
31 years$1,875$1,327$920$627$422$54
32 years$1,796$1,256$859$576$381$45
33 years$1,723$1,189$802$530$345$38
34 years$1,654$1,127$749$488$312$31
35 years$1,589$1,069$700$449$283$26
36 years$1,528$1,015$655$414$256$22
37 years$1,470$964$613$381$232$18
38 years$1,416$916$574$351$211$15
39 years$1,364$871$538$324$191$13
40 years$1,315$829$504$299$173$11
41 years$1,269$789$473$276$157$9
42 years$1,225$751$444$254$143$7
43 years$1,183$716$416$235$129$6
44 years$1,143$682$391$217$118$5
45 years$1,105$651$367$200$107$4
46 years$1,069$621$345$185$97$4
47 years$1,034$592$324$171$88$3
48 years$1,001$565$304$158$80$3
49 years$969$540$286$146$73$2
50 years$939$516$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $962,000, adding $5,040 every year, while hoping to spend $32,372 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: 85/8/7 Blend
39$962,000$962,000$962,000$962,000
40$1,065,323$1,014,337$999,426$1,154,831
41$1,139,542$1,029,596$998,463$1,229,249
42$1,220,247$1,044,517$996,383$1,306,047
43$1,308,064$1,059,051$993,114$1,389,393
44$1,403,685$1,073,142$988,581$1,479,923
45$1,507,868$1,086,734$982,706$1,578,337
46$1,621,449$1,099,762$975,405$1,685,408
47$1,745,349$1,112,163$966,593$1,801,986
48$1,880,580$1,123,864$956,179$1,929,007
49$2,028,256$1,134,790$944,068$2,067,501
50$2,189,604$1,144,861$930,161$2,218,605
51$2,365,976$1,153,992$914,354$2,383,568
52$2,558,859$1,162,090$896,537$2,563,769
53$2,769,889$1,169,059$876,598$2,760,725
54$3,000,870$1,174,795$854,416$2,976,108
55$3,253,787$1,179,189$829,868$3,211,760
56$3,530,827$1,182,123$802,823$3,469,709
57$3,834,398$1,183,473$773,143$3,752,190
58$4,167,151$1,183,107$740,688$4,061,666
59$4,532,006$1,180,886$705,306$4,400,851
60$4,932,180$1,176,659$666,844$4,772,733
61$5,371,216$1,170,269$625,137$5,180,607
62$5,853,017$1,161,549$580,016$5,628,101
63$6,381,880$1,150,320$531,302$6,119,214
64$6,962,541$1,136,394$478,809$6,658,352
65$7,600,215$1,119,573$422,344$7,250,371
66$8,300,647$1,099,642$361,703$7,900,619
67$9,070,168$1,076,380$296,675$8,614,991
68$9,915,750$1,049,547$227,039$9,399,984
69$10,845,075$1,018,893$152,563$10,262,755
70$11,866,606$984,152$73,007$11,211,192
71$12,989,665$945,041$0$12,253,986
72$14,224,525$901,263$0$13,401,605
73$15,582,504$852,501$0$14,669,590
74$17,076,069$798,424$0$16,064,134
75$18,718,959$738,677$0$17,598,077
76$20,526,309$672,889$0$19,285,565
77$22,514,796$600,664$0$21,142,187
78$24,702,796$521,587$0$23,185,118
79$27,110,553$435,216$0$25,433,286
80$29,760,375$341,088$0$27,907,548
81$32,676,843$238,711$0$30,630,887
82$35,887,039$127,566$0$33,628,628
83$39,420,806$7,105$0$36,928,678
84$43,311,025$0$0$40,561,789
85$47,593,930$0$0$44,572,700
86$52,309,444$0$0$48,989,453
87$57,501,559$0$0$53,852,630
88$63,218,752$0$0$59,207,639
89$69,514,438$0$0$65,104,513
90$76,447,476$0$0$71,598,385
91$84,082,725$0$0$78,750,009
92$92,491,654$0$0$86,626,329
93$101,753,017$0$0$95,301,113
94$111,953,596$0$0$104,855,651
95$123,189,020$0$0$115,379,518
96$135,564,666$0$0$126,971,419
97$149,196,655$0$0$139,740,124
98$164,212,945$0$0$153,805,493
99$180,754,540$0$0$169,299,604
100$198,976,823$0$0$186,368,001