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%18%
1 years$79,689$78,979$78,286$77,610$76,950$74,457
2 years$39,450$38,715$38,003$37,313$36,643$34,155
3 years$26,039$25,301$24,591$23,907$23,248$20,842
4 years$19,334$18,599$17,896$17,223$16,581$14,276
5 years$15,313$14,582$13,888$13,229$12,604$10,407
6 years$12,633$11,907$11,223$10,580$9,973$7,886
7 years$10,719$9,999$9,327$8,698$8,111$6,132
8 years$9,285$8,571$7,910$7,297$6,729$4,858
9 years$8,169$7,463$6,813$6,215$5,667$3,901
10 years$7,278$6,578$5,939$5,357$4,828$3,166
11 years$6,549$5,856$5,229$4,663$4,152$2,589
12 years$5,942$5,256$4,641$4,090$3,598$2,132
13 years$5,428$4,750$4,146$3,611$3,138$1,764
14 years$4,989$4,318$3,725$3,205$2,751$1,465
15 years$4,608$3,944$3,363$2,858$2,422$1,221
16 years$4,275$3,619$3,049$2,559$2,141$1,021
17 years$3,982$3,333$2,775$2,300$1,898$855
18 years$3,722$3,080$2,533$2,072$1,688$718
19 years$3,489$2,854$2,319$1,873$1,504$603
20 years$3,280$2,652$2,128$1,696$1,344$508
21 years$3,091$2,470$1,958$1,539$1,202$428
22 years$2,919$2,306$1,804$1,399$1,078$361
23 years$2,763$2,157$1,666$1,275$967$305
24 years$2,619$2,021$1,541$1,162$870$257
25 years$2,488$1,896$1,427$1,062$782$217
26 years$2,367$1,782$1,323$971$705$184
27 years$2,255$1,677$1,229$888$635$155
28 years$2,151$1,581$1,142$814$573$131
29 years$2,054$1,491$1,063$746$518$111
30 years$1,964$1,408$990$685$468$94
31 years$1,880$1,331$923$629$423$80
32 years$1,802$1,260$861$578$383$67
33 years$1,728$1,193$804$532$346$57
34 years$1,659$1,131$751$489$313$48
35 years$1,594$1,072$703$450$284$41
36 years$1,533$1,018$657$415$257$35
37 years$1,475$967$615$382$233$29
38 years$1,420$919$576$352$211$25
39 years$1,368$874$540$325$192$21
40 years$1,319$831$506$300$174$18
41 years$1,273$791$474$276$158$15
42 years$1,229$753$445$255$143$13
43 years$1,187$718$418$235$130$11
44 years$1,147$684$392$217$118$9
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$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $965,000, adding $2,944 every year, while hoping to spend $53,586 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: 51/36/13 Blend
39$965,000$965,000$965,000$965,000
40$1,066,467$1,015,322$1,000,364$1,116,981
41$1,118,231$1,008,057$976,861$1,144,617
42$1,173,480$998,641$950,775$1,168,740
43$1,232,511$986,911$921,962$1,193,753
44$1,295,653$972,695$890,274$1,219,755
45$1,363,264$955,812$855,552$1,246,859
46$1,435,738$936,067$817,634$1,275,191
47$1,513,507$913,259$776,349$1,304,894
48$1,597,045$887,169$731,518$1,336,128
49$1,686,873$857,570$682,953$1,369,076
50$1,783,562$824,218$630,459$1,403,939
51$1,887,738$786,858$573,833$1,440,948
52$2,000,092$745,218$512,860$1,480,357
53$2,121,379$699,012$447,319$1,522,455
54$2,252,432$647,936$376,977$1,567,563
55$2,394,165$591,669$301,590$1,616,041
56$2,547,582$529,873$220,905$1,668,293
57$2,713,788$462,189$134,658$1,724,767
58$2,893,996$388,239$42,571$1,785,968
59$3,089,543$307,622$0$1,852,454
60$3,301,898$219,916$0$1,932,580
61$3,532,674$124,675$0$2,026,119
62$3,783,651$21,428$0$2,127,981
63$4,056,782$0$0$2,239,077
64$4,354,220$0$0$2,396,198
65$4,678,331$0$0$2,576,749
66$5,031,721$0$0$2,773,706
67$5,417,256$0$0$2,988,677
68$5,838,094$0$0$3,223,434
69$6,297,708$0$0$3,479,929
70$6,799,923$0$0$3,760,309
71$7,348,949$0$0$4,066,939
72$7,949,422$0$0$4,402,423
73$8,606,446$0$0$4,769,626
74$9,325,641$0$0$5,171,706
75$10,113,196$0$0$5,612,138
76$10,975,926$0$0$6,094,752
77$11,921,337$0$0$6,623,763
78$12,957,694$0$0$7,203,814
79$14,094,103$0$0$7,840,020
80$15,340,588$0$0$8,538,014
81$16,708,195$0$0$9,304,000
82$18,209,089$0$0$10,144,812
83$19,856,668$0$0$11,067,979
84$21,665,693$0$0$12,081,794
85$23,652,424$0$0$13,195,391
86$25,834,771$0$0$14,418,835
87$28,232,466$0$0$15,763,212
88$30,867,247$0$0$17,240,735
89$33,763,060$0$0$18,864,861
90$36,946,287$0$0$20,650,413
91$40,445,995$0$0$22,613,723
92$44,294,205$0$0$24,772,785
93$48,526,198$0$0$27,147,425
94$53,180,845$0$0$29,759,483
95$58,300,973$0$0$32,633,027
96$63,933,768$0$0$35,794,572
97$70,131,219$0$0$39,273,333
98$76,950,612$0$0$43,101,501
99$84,455,061$0$0$47,314,544
100$92,714,113$0$0$51,951,543