Can I retire at age 40 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$79,689$78,979$78,286$77,610$76,950$74,517
2 years$39,450$38,715$38,003$37,313$36,643$34,214
3 years$26,039$25,301$24,591$23,907$23,248$20,898
4 years$19,334$18,599$17,896$17,223$16,581$14,329
5 years$15,313$14,582$13,888$13,229$12,604$10,457
6 years$12,633$11,907$11,223$10,580$9,973$7,932
7 years$10,719$9,999$9,327$8,698$8,111$6,175
8 years$9,285$8,571$7,910$7,297$6,729$4,898
9 years$8,169$7,463$6,813$6,215$5,667$3,938
10 years$7,278$6,578$5,939$5,357$4,828$3,199
11 years$6,549$5,856$5,229$4,663$4,152$2,620
12 years$5,942$5,256$4,641$4,090$3,598$2,160
13 years$5,428$4,750$4,146$3,611$3,138$1,790
14 years$4,989$4,318$3,725$3,205$2,751$1,489
15 years$4,608$3,944$3,363$2,858$2,422$1,243
16 years$4,275$3,619$3,049$2,559$2,141$1,040
17 years$3,982$3,333$2,775$2,300$1,898$873
18 years$3,722$3,080$2,533$2,072$1,688$734
19 years$3,489$2,854$2,319$1,873$1,504$618
20 years$3,280$2,652$2,128$1,696$1,344$521
21 years$3,091$2,470$1,958$1,539$1,202$439
22 years$2,919$2,306$1,804$1,399$1,078$371
23 years$2,763$2,157$1,666$1,275$967$314
24 years$2,619$2,021$1,541$1,162$870$265
25 years$2,488$1,896$1,427$1,062$782$225
26 years$2,367$1,782$1,323$971$705$190
27 years$2,255$1,677$1,229$888$635$161
28 years$2,151$1,581$1,142$814$573$136
29 years$2,054$1,491$1,063$746$518$116
30 years$1,964$1,408$990$685$468$98
31 years$1,880$1,331$923$629$423$83
32 years$1,802$1,260$861$578$383$71
33 years$1,728$1,193$804$532$346$60
34 years$1,659$1,131$751$489$313$51
35 years$1,594$1,072$703$450$284$43
36 years$1,533$1,018$657$415$257$37
37 years$1,475$967$615$382$233$31
38 years$1,420$919$576$352$211$26
39 years$1,368$874$540$325$192$22
40 years$1,319$831$506$300$174$19
41 years$1,273$791$474$276$158$16
42 years$1,229$753$445$255$143$14
43 years$1,187$718$418$235$130$12
44 years$1,147$684$392$217$118$10
45 years$1,108$653$368$201$107$8
46 years$1,072$623$346$185$97$7
47 years$1,037$594$325$171$88$6
48 years$1,004$567$305$158$80$5
49 years$973$542$287$146$73$4
50 years$942$517$270$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $965,000, adding $4,379 every year, while hoping to spend $24,698 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: 40/34/26 Blend
39$965,000$965,000$965,000$965,000
40$1,067,947$1,016,802$1,001,844$1,102,310
41$1,150,599$1,040,347$1,009,128$1,151,136
42$1,240,854$1,064,217$1,015,827$1,201,289
43$1,339,461$1,088,404$1,021,897$1,255,069
44$1,447,245$1,112,895$1,027,290$1,312,822
45$1,565,115$1,137,678$1,031,955$1,374,932
46$1,694,070$1,162,737$1,035,839$1,441,819
47$1,835,212$1,188,058$1,038,887$1,513,948
48$1,989,754$1,213,623$1,041,039$1,591,832
49$2,159,030$1,239,412$1,042,235$1,676,037
50$2,344,511$1,265,404$1,042,411$1,767,184
51$2,547,818$1,291,575$1,041,498$1,865,963
52$2,770,733$1,317,899$1,039,425$1,973,131
53$3,015,221$1,344,350$1,036,119$2,089,523
54$3,283,445$1,370,895$1,031,501$2,216,063
55$3,577,790$1,397,502$1,025,490$2,353,767
56$3,900,880$1,424,135$1,017,999$2,503,755
57$4,255,607$1,450,755$1,008,940$2,667,266
58$4,645,157$1,477,320$998,217$2,845,663
59$5,073,038$1,503,784$985,733$3,040,450
60$5,543,117$1,530,098$971,383$3,253,285
61$6,059,651$1,556,209$955,061$3,485,999
62$6,627,333$1,582,061$936,653$3,740,609
63$7,251,330$1,607,591$916,040$4,019,339
64$7,937,338$1,632,735$893,100$4,324,643
65$8,691,629$1,657,422$867,701$4,659,226
66$9,521,115$1,681,575$839,709$5,026,072
67$10,433,411$1,705,115$808,982$5,428,470
68$11,436,908$1,727,955$775,372$5,870,049
69$12,540,849$1,750,001$738,723$6,354,807
70$13,755,419$1,771,154$698,874$6,887,157
71$15,091,841$1,791,310$655,655$7,471,962
72$16,562,478$1,810,354$608,889$8,114,584
73$18,180,956$1,828,166$558,392$8,820,936
74$19,962,285$1,844,618$503,970$9,597,538
75$21,923,007$1,859,573$445,421$10,451,577
76$24,081,346$1,872,884$382,535$11,390,979
77$26,457,384$1,884,396$315,091$12,424,483
78$29,073,250$1,893,945$242,860$13,561,720
79$31,953,327$1,901,354$165,601$14,813,312
80$35,124,482$1,906,435$83,064$16,190,969
81$38,616,320$1,908,991$0$17,707,600
82$42,461,463$1,908,810$0$19,378,827
83$46,695,858$1,905,668$0$21,243,630
84$51,359,117$1,899,327$0$23,296,316
85$56,494,887$1,889,534$0$25,556,034
86$62,151,265$1,876,021$0$28,043,890
87$68,381,252$1,858,504$0$30,783,144
88$75,243,250$1,836,681$0$33,799,431
89$82,801,616$1,810,233$0$37,121,005
90$91,127,267$1,778,821$0$40,779,006
91$100,298,351$1,742,086$0$44,807,751
92$110,400,983$1,699,648$0$49,245,065
93$121,530,058$1,651,105$0$54,132,632
94$133,790,145$1,596,031$0$59,516,395
95$147,296,478$1,533,974$0$65,446,986
96$162,176,039$1,464,459$0$71,980,209
97$178,568,758$1,386,981$0$79,177,563
98$196,628,833$1,301,004$0$87,106,827
99$216,526,187$1,205,966$0$95,842,702
100$238,448,069$1,101,270$0$105,467,514