Can I retire at age 40 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$79,606$78,897$78,205$77,530$76,871$74,619
2 years$39,409$38,675$37,964$37,274$36,605$34,355
3 years$26,012$25,275$24,565$23,882$23,224$21,046
4 years$19,314$18,579$17,877$17,206$16,563$14,474
5 years$15,297$14,567$13,873$13,215$12,591$10,596
6 years$12,620$11,895$11,212$10,569$9,963$8,064
7 years$10,708$9,989$9,317$8,689$8,103$6,300
8 years$9,275$8,563$7,902$7,289$6,722$5,014
9 years$8,161$7,455$6,806$6,209$5,661$4,046
10 years$7,270$6,571$5,933$5,352$4,823$3,300
11 years$6,542$5,850$5,224$4,658$4,148$2,713
12 years$5,935$5,251$4,636$4,085$3,595$2,245
13 years$5,423$4,745$4,142$3,607$3,135$1,868
14 years$4,984$4,313$3,721$3,202$2,748$1,560
15 years$4,603$3,940$3,360$2,855$2,419$1,308
16 years$4,271$3,615$3,046$2,557$2,138$1,100
17 years$3,978$3,329$2,772$2,297$1,896$927
18 years$3,718$3,076$2,530$2,070$1,686$782
19 years$3,485$2,851$2,317$1,871$1,503$662
20 years$3,276$2,650$2,126$1,694$1,342$560
21 years$3,088$2,468$1,955$1,538$1,201$475
22 years$2,916$2,304$1,802$1,398$1,077$403
23 years$2,760$2,155$1,664$1,273$966$342
24 years$2,617$2,019$1,539$1,161$869$291
25 years$2,485$1,894$1,425$1,061$782$247
26 years$2,364$1,781$1,322$970$704$211
27 years$2,252$1,676$1,228$888$635$179
28 years$2,149$1,579$1,141$813$573$153
29 years$2,052$1,490$1,062$746$517$130
30 years$1,962$1,407$989$684$467$111
31 years$1,878$1,330$922$629$422$94
32 years$1,800$1,258$860$578$382$80
33 years$1,726$1,192$803$531$346$69
34 years$1,657$1,129$751$489$313$58
35 years$1,592$1,071$702$450$284$50
36 years$1,531$1,017$657$414$257$43
37 years$1,473$966$614$382$233$36
38 years$1,419$918$575$352$211$31
39 years$1,367$873$539$324$191$26
40 years$1,318$830$505$299$174$22
41 years$1,271$790$474$276$158$19
42 years$1,227$753$444$255$143$16
43 years$1,185$717$417$235$130$14
44 years$1,145$684$392$217$118$12
45 years$1,107$652$368$201$107$10
46 years$1,071$622$345$185$97$9
47 years$1,036$593$324$171$88$7
48 years$1,003$567$305$158$80$6
49 years$972$541$287$146$73$5
50 years$941$517$269$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $964,000, adding $4,437 every year, while hoping to spend $49,857 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: 78/10/12 Blend
39$964,000$964,000$964,000$964,000
40$1,066,905$1,015,813$1,000,871$1,147,350
41$1,122,682$1,012,540$981,352$1,197,629
42$1,182,477$1,007,436$959,509$1,245,930
43$1,246,647$1,000,358$935,211$1,297,484
44$1,315,585$991,156$908,320$1,352,598
45$1,389,721$979,669$878,695$1,411,605
46$1,469,527$965,727$846,186$1,474,876
47$1,555,522$949,150$810,636$1,542,819
48$1,648,275$929,749$771,883$1,615,883
49$1,748,413$907,321$729,755$1,694,564
50$1,856,624$881,652$684,074$1,779,409
51$1,973,663$852,517$634,654$1,871,021
52$2,100,362$819,675$581,300$1,970,066
53$2,237,634$782,874$523,809$2,077,276
54$2,386,482$741,845$461,966$2,193,462
55$2,548,013$696,305$395,552$2,319,515
56$2,723,440$645,954$324,332$2,456,419
57$2,914,100$590,474$248,067$2,605,259
58$3,121,463$529,532$166,501$2,767,234
59$3,347,146$462,773$79,373$2,943,664
60$3,592,928$389,822$0$3,136,004
61$3,860,767$310,284$0$3,347,604
62$4,152,819$223,741$0$3,589,452
63$4,471,455$129,753$0$3,853,365
64$4,819,286$27,854$0$4,141,540
65$5,199,186$0$0$4,456,395
66$5,614,318$0$0$4,809,667
67$6,068,166$0$0$5,199,266
68$6,564,563$0$0$5,625,424
69$7,107,732$0$0$6,091,768
70$7,702,322$0$0$6,602,295
71$8,353,453$0$0$7,161,404
72$9,066,762$0$0$7,773,941
73$9,848,459$0$0$8,445,242
74$10,705,380$0$0$9,181,185
75$11,645,058$0$0$9,988,241
76$12,675,786$0$0$10,873,540
77$13,806,700$0$0$11,844,934
78$15,047,864$0$0$12,911,072
79$16,410,363$0$0$14,081,482
80$17,906,407$0$0$15,366,659
81$19,549,445$0$0$16,778,163
82$21,354,297$0$0$18,328,729
83$23,337,283$0$0$20,032,388
84$25,516,387$0$0$21,904,595
85$27,911,419$0$0$23,962,378
86$30,544,203$0$0$26,224,496
87$33,438,784$0$0$28,711,614
88$36,621,654$0$0$31,446,504
89$40,121,998$0$0$34,454,252
90$43,971,972$0$0$37,762,496
91$48,207,006$0$0$41,401,689
92$52,866,135$0$0$45,405,383
93$57,992,369$0$0$49,810,548
94$63,633,096$0$0$54,657,914
95$69,840,530$0$0$59,992,362
96$76,672,204$0$0$65,863,343
97$84,191,509$0$0$72,325,344
98$92,468,293$0$0$79,438,404
99$101,579,520$0$0$87,268,676
100$111,609,996$0$0$95,889,054