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%14.7%
1 years$79,524$78,815$78,124$77,450$76,791$75,302
2 years$39,368$38,635$37,924$37,235$36,567$35,073
3 years$25,985$25,248$24,540$23,857$23,200$21,747
4 years$19,294$18,560$17,859$17,188$16,546$15,146
5 years$15,281$14,551$13,859$13,202$12,578$11,235
6 years$12,607$11,882$11,200$10,558$9,953$8,668
7 years$10,697$9,979$9,307$8,680$8,094$6,868
8 years$9,265$8,554$7,893$7,281$6,715$5,546
9 years$8,152$7,447$6,799$6,202$5,655$4,544
10 years$7,263$6,565$5,927$5,346$4,818$3,764
11 years$6,535$5,844$5,218$4,653$4,144$3,144
12 years$5,929$5,245$4,631$4,081$3,591$2,645
13 years$5,417$4,740$4,137$3,603$3,131$2,237
14 years$4,978$4,309$3,718$3,198$2,745$1,901
15 years$4,598$3,936$3,356$2,852$2,417$1,622
16 years$4,266$3,611$3,043$2,554$2,136$1,388
17 years$3,974$3,326$2,769$2,295$1,894$1,191
18 years$3,714$3,073$2,528$2,068$1,684$1,024
19 years$3,482$2,848$2,314$1,869$1,501$883
20 years$3,273$2,647$2,124$1,692$1,341$762
21 years$3,084$2,465$1,953$1,536$1,200$658
22 years$2,913$2,301$1,800$1,397$1,075$570
23 years$2,757$2,152$1,662$1,272$965$493
24 years$2,614$2,017$1,537$1,160$868$428
25 years$2,483$1,893$1,424$1,059$781$371
26 years$2,362$1,779$1,321$969$703$322
27 years$2,250$1,674$1,226$887$634$280
28 years$2,146$1,577$1,140$812$572$243
29 years$2,050$1,488$1,061$745$517$211
30 years$1,960$1,405$988$684$467$184
31 years$1,876$1,328$921$628$422$160
32 years$1,798$1,257$860$577$382$139
33 years$1,725$1,190$803$531$346$121
34 years$1,656$1,128$750$488$313$105
35 years$1,591$1,070$701$449$283$92
36 years$1,529$1,016$656$414$257$80
37 years$1,472$965$614$381$233$70
38 years$1,417$917$575$352$211$61
39 years$1,366$872$539$324$191$53
40 years$1,317$829$505$299$174$46
41 years$1,270$790$473$276$157$40
42 years$1,226$752$444$255$143$35
43 years$1,184$716$417$235$130$30
44 years$1,144$683$391$217$118$27
45 years$1,106$651$367$200$107$23
46 years$1,070$621$345$185$97$20
47 years$1,035$593$324$171$88$18
48 years$1,002$566$305$158$80$15
49 years$971$540$286$146$73$13
50 years$940$516$269$135$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $963,000, adding $5,359 every year, while hoping to spend $59,874 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: 68/17/15 Blend
39$963,000$963,000$963,000$963,000
40$1,066,754$1,015,715$1,000,788$1,135,205
41$1,111,857$1,001,779$970,609$1,167,567
42$1,159,554$985,154$937,412$1,195,364
43$1,210,047$965,645$901,034$1,224,254
44$1,263,554$943,044$861,301$1,254,337
45$1,320,317$917,134$818,035$1,285,727
46$1,380,598$887,682$771,048$1,318,550
47$1,444,685$854,443$720,143$1,352,949
48$1,512,890$817,159$665,116$1,389,080
49$1,585,560$775,555$605,752$1,427,120
50$1,663,070$729,340$541,828$1,467,264
51$1,745,833$678,208$473,109$1,509,732
52$1,834,302$621,834$399,352$1,554,766
53$1,928,972$559,875$320,302$1,602,637
54$2,030,387$491,968$235,691$1,653,648
55$2,139,143$417,731$145,243$1,708,133
56$2,255,894$336,759$48,668$1,766,466
57$2,381,359$248,623$0$1,829,063
58$2,516,324$152,873$0$1,905,090
59$2,661,657$49,031$0$1,995,232
60$2,818,306$0$0$2,092,314
61$2,987,316$0$0$2,208,885
62$3,169,833$0$0$2,344,721
63$3,367,119$0$0$2,491,594
64$3,580,557$0$0$2,650,541
65$3,811,671$0$0$2,822,702
66$4,062,135$0$0$3,009,331
67$4,333,788$0$0$3,211,805
68$4,628,655$0$0$3,431,640
69$4,948,963$0$0$3,670,504
70$5,297,160$0$0$3,930,230
71$5,675,940$0$0$4,212,836
72$6,088,267$0$0$4,520,543
73$6,537,403$0$0$4,855,792
74$7,026,938$0$0$5,221,273
75$7,560,821$0$0$5,619,943
76$8,143,399$0$0$6,055,060
77$8,779,459$0$0$6,530,209
78$9,474,268$0$0$7,049,335
79$10,233,625$0$0$7,616,782
80$11,063,916$0$0$8,237,335
81$11,972,170$0$0$8,916,258
82$12,966,128$0$0$9,659,351
83$14,054,313$0$0$10,473,000
84$15,246,110$0$0$11,364,234
85$16,551,855$0$0$12,340,799
86$17,982,932$0$0$13,411,222
87$19,551,876$0$0$14,584,895
88$21,272,495$0$0$15,872,164
89$23,159,997$0$0$17,284,421
90$25,231,131$0$0$18,834,218
91$27,504,349$0$0$20,535,378
92$29,999,974$0$0$22,403,128
93$32,740,394$0$0$24,454,242
94$35,750,269$0$0$26,707,200
95$39,056,768$0$0$29,182,355
96$42,689,819$0$0$31,902,134
97$46,682,393$0$0$34,891,240
98$51,070,813$0$0$38,176,890
99$55,895,097$0$0$41,789,069
100$61,199,332$0$0$45,760,811