Can I retire at age 40 with 965,000?

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 $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%18.8%
1 years$79,689$78,979$78,286$77,610$76,950$74,220
2 years$39,450$38,715$38,003$37,313$36,643$33,921
3 years$26,039$25,301$24,591$23,907$23,248$20,620
4 years$19,334$18,599$17,896$17,223$16,581$14,067
5 years$15,313$14,582$13,888$13,229$12,604$10,212
6 years$12,633$11,907$11,223$10,580$9,973$7,704
7 years$10,719$9,999$9,327$8,698$8,111$5,964
8 years$9,285$8,571$7,910$7,297$6,729$4,702
9 years$8,169$7,463$6,813$6,215$5,667$3,757
10 years$7,278$6,578$5,939$5,357$4,828$3,034
11 years$6,549$5,856$5,229$4,663$4,152$2,469
12 years$5,942$5,256$4,641$4,090$3,598$2,021
13 years$5,428$4,750$4,146$3,611$3,138$1,663
14 years$4,989$4,318$3,725$3,205$2,751$1,374
15 years$4,608$3,944$3,363$2,858$2,422$1,139
16 years$4,275$3,619$3,049$2,559$2,141$946
17 years$3,982$3,333$2,775$2,300$1,898$788
18 years$3,722$3,080$2,533$2,072$1,688$658
19 years$3,489$2,854$2,319$1,873$1,504$549
20 years$3,280$2,652$2,128$1,696$1,344$460
21 years$3,091$2,470$1,958$1,539$1,202$385
22 years$2,919$2,306$1,804$1,399$1,078$323
23 years$2,763$2,157$1,666$1,275$967$271
24 years$2,619$2,021$1,541$1,162$870$227
25 years$2,488$1,896$1,427$1,062$782$191
26 years$2,367$1,782$1,323$971$705$160
27 years$2,255$1,677$1,229$888$635$135
28 years$2,151$1,581$1,142$814$573$113
29 years$2,054$1,491$1,063$746$518$95
30 years$1,964$1,408$990$685$468$80
31 years$1,880$1,331$923$629$423$67
32 years$1,802$1,260$861$578$383$57
33 years$1,728$1,193$804$532$346$48
34 years$1,659$1,131$751$489$313$40
35 years$1,594$1,072$703$450$284$34
36 years$1,533$1,018$657$415$257$28
37 years$1,475$967$615$382$233$24
38 years$1,420$919$576$352$211$20
39 years$1,368$874$540$325$192$17
40 years$1,319$831$506$300$174$14
41 years$1,273$791$474$276$158$12
42 years$1,229$753$445$255$143$10
43 years$1,187$718$418$235$130$8
44 years$1,147$684$392$217$118$7
45 years$1,108$653$368$201$107$6
46 years$1,072$623$346$185$97$5
47 years$1,037$594$325$171$88$4
48 years$1,004$567$305$158$80$4
49 years$973$542$287$146$73$3
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 $4,740 every year, while hoping to spend $58,010 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: 34/45/21 Blend
39$965,000$965,000$965,000$965,000
40$1,068,319$1,017,174$1,002,217$1,097,639
41$1,115,566$1,005,294$974,069$1,107,872
42$1,165,687$990,887$943,034$1,113,239
43$1,218,915$973,768$908,953$1,117,833
44$1,275,504$953,742$871,663$1,121,621
45$1,335,731$930,601$830,989$1,124,571
46$1,399,900$904,125$786,752$1,126,655
47$1,468,344$874,081$738,762$1,127,847
48$1,541,427$840,224$686,823$1,128,124
49$1,619,549$802,291$630,728$1,127,468
50$1,703,148$760,008$570,262$1,125,867
51$1,792,704$713,083$505,201$1,123,314
52$1,888,743$661,208$435,308$1,119,810
53$1,991,843$604,056$360,340$1,115,365
54$2,102,639$541,282$280,039$1,109,997
55$2,221,827$472,523$194,138$1,103,739
56$2,350,170$397,393$102,359$1,096,633
57$2,488,508$315,486$4,408$1,088,741
58$2,637,763$226,372$0$1,080,137
59$2,798,948$129,598$0$1,093,354
60$2,973,176$24,684$0$1,108,588
61$3,161,670$0$0$1,125,070
62$3,365,776$0$0$1,187,061
63$3,586,972$0$0$1,267,606
64$3,826,882$0$0$1,355,091
65$4,087,296$0$0$1,450,182
66$4,370,180$0$0$1,553,613
67$4,677,696$0$0$1,666,193
68$5,012,224$0$0$1,788,811
69$5,376,382$0$0$1,922,445
70$5,773,050$0$0$2,068,172
71$6,205,400$0$0$2,227,176
72$6,676,920$0$0$2,400,762
73$7,191,449$0$0$2,590,366
74$7,753,216$0$0$2,797,569
75$8,366,871$0$0$3,024,110
76$9,037,539$0$0$3,271,906
77$9,770,859$0$0$3,543,066
78$10,573,038$0$0$3,839,914
79$11,450,916$0$0$4,165,007
80$12,412,018$0$0$4,521,162
81$13,464,636$0$0$4,911,482
82$14,617,898$0$0$5,339,382
83$15,881,860$0$0$5,808,627
84$17,267,592$0$0$6,323,361
85$18,787,292$0$0$6,888,149
86$20,454,391$0$0$7,508,018
87$22,283,684$0$0$8,188,509
88$24,291,467$0$0$8,935,722
89$26,495,692$0$0$9,756,378
90$28,916,133$0$0$10,657,882
91$31,574,572$0$0$11,648,388
92$34,495,005$0$0$12,736,884
93$37,703,867$0$0$13,933,268
94$41,230,279$0$0$15,248,445
95$45,106,325$0$0$16,694,431
96$49,367,350$0$0$18,284,462
97$54,052,295$0$0$20,033,124
98$59,204,063$0$0$21,956,484
99$64,869,922$0$0$24,072,246
100$71,101,951$0$0$26,399,916