Can I retire at age 40 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$79,524$78,815$78,124$77,450$76,791$76,307
2 years$39,368$38,635$37,924$37,235$36,567$36,079
3 years$25,985$25,248$24,540$23,857$23,200$22,722
4 years$19,294$18,560$17,859$17,188$16,546$16,084
5 years$15,281$14,551$13,859$13,202$12,578$12,131
6 years$12,607$11,882$11,200$10,558$9,953$9,522
7 years$10,697$9,979$9,307$8,680$8,094$7,681
8 years$9,265$8,554$7,893$7,281$6,715$6,318
9 years$8,152$7,447$6,799$6,202$5,655$5,275
10 years$7,263$6,565$5,927$5,346$4,818$4,455
11 years$6,535$5,844$5,218$4,653$4,144$3,796
12 years$5,929$5,245$4,631$4,081$3,591$3,259
13 years$5,417$4,740$4,137$3,603$3,131$2,815
14 years$4,978$4,309$3,718$3,198$2,745$2,444
15 years$4,598$3,936$3,356$2,852$2,417$2,131
16 years$4,266$3,611$3,043$2,554$2,136$1,864
17 years$3,974$3,326$2,769$2,295$1,894$1,636
18 years$3,714$3,073$2,528$2,068$1,684$1,440
19 years$3,482$2,848$2,314$1,869$1,501$1,270
20 years$3,273$2,647$2,124$1,692$1,341$1,122
21 years$3,084$2,465$1,953$1,536$1,200$993
22 years$2,913$2,301$1,800$1,397$1,075$881
23 years$2,757$2,152$1,662$1,272$965$782
24 years$2,614$2,017$1,537$1,160$868$695
25 years$2,483$1,893$1,424$1,059$781$618
26 years$2,362$1,779$1,321$969$703$550
27 years$2,250$1,674$1,226$887$634$490
28 years$2,146$1,577$1,140$812$572$437
29 years$2,050$1,488$1,061$745$517$390
30 years$1,960$1,405$988$684$467$348
31 years$1,876$1,328$921$628$422$311
32 years$1,798$1,257$860$577$382$278
33 years$1,725$1,190$803$531$346$248
34 years$1,656$1,128$750$488$313$222
35 years$1,591$1,070$701$449$283$199
36 years$1,529$1,016$656$414$257$178
37 years$1,472$965$614$381$233$159
38 years$1,417$917$575$352$211$142
39 years$1,366$872$539$324$191$128
40 years$1,317$829$505$299$174$114
41 years$1,270$790$473$276$157$102
42 years$1,226$752$444$255$143$92
43 years$1,184$716$417$235$130$82
44 years$1,144$683$391$217$118$74
45 years$1,106$651$367$200$107$66
46 years$1,070$621$345$185$97$59
47 years$1,035$593$324$171$88$53
48 years$1,002$566$305$158$80$47
49 years$971$540$286$146$73$43
50 years$940$516$269$135$66$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $963,000, adding $2,253 every year, while hoping to spend $29,748 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: 56/23/21 Blend
39$963,000$963,000$963,000$963,000
40$1,063,550$1,012,511$997,584$1,116,962
41$1,140,380$1,030,472$999,352$1,171,655
42$1,224,051$1,048,317$1,000,182$1,227,850
43$1,315,227$1,066,007$1,000,011$1,288,426
44$1,414,642$1,083,504$998,773$1,353,809
45$1,523,103$1,100,763$996,400$1,424,475
46$1,641,499$1,117,740$992,818$1,500,943
47$1,770,806$1,134,384$987,952$1,583,789
48$1,912,103$1,150,643$981,723$1,673,647
49$2,066,572$1,166,459$974,046$1,771,216
50$2,235,520$1,181,773$964,833$1,877,269
51$2,420,382$1,196,519$953,995$1,992,656
52$2,622,741$1,210,628$941,433$2,118,316
53$2,844,338$1,224,026$927,049$2,255,284
54$3,087,091$1,236,634$910,735$2,404,703
55$3,353,113$1,248,368$892,384$2,567,831
56$3,644,730$1,259,138$871,878$2,746,057
57$3,964,504$1,268,847$849,098$2,940,915
58$4,315,258$1,277,395$823,917$3,154,093
59$4,700,100$1,284,673$796,203$3,387,454
60$5,122,452$1,290,564$765,819$3,643,055
61$5,586,088$1,294,947$732,619$3,923,161
62$6,095,160$1,297,691$696,453$4,230,273
63$6,654,246$1,298,657$657,163$4,567,146
64$7,268,385$1,297,698$614,585$4,936,820
65$7,943,132$1,294,657$568,545$5,342,647
66$8,684,605$1,289,368$518,865$5,788,325
67$9,499,543$1,281,655$465,355$6,277,928
68$10,395,371$1,271,331$407,819$6,815,952
69$11,380,271$1,258,198$346,053$7,407,353
70$12,463,254$1,242,046$279,841$8,057,595
71$13,654,250$1,222,651$208,961$8,772,705
72$14,964,201$1,199,777$133,178$9,559,326
73$16,405,158$1,173,175$52,248$10,424,784
74$17,990,404$1,142,580$0$11,377,155
75$19,734,570$1,107,711$0$12,432,989
76$21,653,779$1,068,272$0$13,607,451
77$23,765,795$1,023,948$0$14,899,706
78$26,090,191$974,407$0$16,321,754
79$28,648,536$919,298$0$17,886,818
80$31,464,591$858,248$0$19,609,474
81$34,564,542$790,865$0$21,505,785
82$37,977,240$716,733$0$23,593,455
83$41,734,478$635,412$0$25,891,998
84$45,871,287$546,439$0$28,422,919
85$50,426,266$449,323$0$31,209,921
86$55,441,951$343,545$0$34,279,127
87$60,965,210$228,559$0$37,659,328
88$67,047,689$103,786$0$41,382,256
89$73,746,298$0$0$45,482,882
90$81,123,748$0$0$50,007,695
91$89,249,139$0$0$55,020,291
92$98,198,620$0$0$60,541,395
93$108,056,099$0$0$66,622,786
94$118,914,039$0$0$73,321,523
95$130,874,331$0$0$80,700,483
96$144,049,250$0$0$88,828,951
97$158,562,521$0$0$97,783,280
98$174,550,485$0$0$107,647,604
99$192,163,380$0$0$118,514,637
100$211,566,765$0$0$130,486,548