Can I retire at age 40 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$79,771$79,061$78,368$77,691$77,030$75,382
2 years$39,491$38,755$38,043$37,351$36,681$35,029
3 years$26,066$25,327$24,616$23,931$23,272$21,667
4 years$19,354$18,618$17,914$17,241$16,598$15,053
5 years$15,329$14,597$13,902$13,243$12,617$11,136
6 years$12,646$11,919$11,235$10,590$9,984$8,568
7 years$10,730$10,010$9,336$8,707$8,119$6,770
8 years$9,294$8,580$7,918$7,304$6,736$5,451
9 years$8,178$7,471$6,820$6,221$5,673$4,453
10 years$7,285$6,585$5,946$5,363$4,833$3,677
11 years$6,555$5,862$5,234$4,667$4,157$3,062
12 years$5,948$5,262$4,645$4,094$3,602$2,567
13 years$5,434$4,755$4,150$3,614$3,141$2,165
14 years$4,994$4,322$3,729$3,208$2,754$1,833
15 years$4,613$3,948$3,367$2,861$2,424$1,559
16 years$4,280$3,623$3,053$2,562$2,143$1,329
17 years$3,986$3,336$2,778$2,302$1,900$1,136
18 years$3,725$3,083$2,536$2,075$1,689$974
19 years$3,493$2,857$2,321$1,874$1,506$836
20 years$3,283$2,655$2,130$1,698$1,345$719
21 years$3,094$2,473$1,960$1,541$1,204$619
22 years$2,922$2,308$1,806$1,401$1,079$533
23 years$2,766$2,159$1,668$1,276$968$460
24 years$2,622$2,023$1,542$1,164$870$397
25 years$2,490$1,898$1,428$1,063$783$343
26 years$2,369$1,784$1,325$972$706$297
27 years$2,257$1,679$1,230$889$636$257
28 years$2,153$1,582$1,144$815$574$222
29 years$2,056$1,493$1,064$747$518$192
30 years$1,966$1,410$991$686$468$167
31 years$1,882$1,333$924$630$423$144
32 years$1,804$1,261$862$579$383$125
33 years$1,730$1,194$805$532$347$108
34 years$1,661$1,132$752$490$314$94
35 years$1,596$1,073$703$451$284$82
36 years$1,534$1,019$658$415$258$71
37 years$1,476$968$616$383$233$61
38 years$1,422$920$577$353$212$53
39 years$1,370$874$540$325$192$46
40 years$1,321$832$506$300$174$40
41 years$1,274$792$475$277$158$35
42 years$1,230$754$445$255$143$30
43 years$1,188$719$418$236$130$26
44 years$1,148$685$392$218$118$23
45 years$1,110$653$368$201$107$20
46 years$1,073$623$346$186$97$17
47 years$1,038$595$325$172$88$15
48 years$1,005$568$305$159$80$13
49 years$974$542$287$146$73$11
50 years$943$518$270$135$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $966,000, adding $2,669 every year, while hoping to spend $47,893 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: 37/42/21 Blend
39$966,000$966,000$966,000$966,000
40$1,067,285$1,016,087$1,001,114$1,099,939
41$1,125,190$1,014,918$983,694$1,122,764
42$1,187,397$1,012,086$964,084$1,142,729
43$1,254,293$1,007,459$942,163$1,163,317
44$1,326,304$1,000,898$917,798$1,184,612
45$1,403,899$992,254$890,856$1,206,710
46$1,487,591$981,369$861,195$1,229,720
47$1,577,945$968,076$828,665$1,253,767
48$1,675,582$952,198$793,112$1,278,992
49$1,781,184$933,548$754,373$1,305,556
50$1,895,500$911,927$712,280$1,333,640
51$2,019,354$887,125$666,654$1,363,450
52$2,153,652$858,918$617,312$1,395,215
53$2,299,392$827,072$564,058$1,429,197
54$2,457,667$791,336$506,692$1,465,690
55$2,629,684$751,447$445,001$1,505,022
56$2,816,770$707,125$378,766$1,547,563
57$3,020,381$658,075$307,756$1,593,729
58$3,242,125$603,986$231,731$1,643,984
59$3,483,767$544,527$150,439$1,698,850
60$3,747,252$479,349$63,619$1,758,907
61$4,034,718$408,083$0$1,824,807
62$4,348,521$330,341$0$1,903,783
63$4,691,253$245,711$0$2,005,775
64$5,065,768$153,758$0$2,117,485
65$5,475,208$54,024$0$2,239,993
66$5,923,032$0$0$2,374,493
67$6,413,048$0$0$2,547,260
68$6,949,451$0$0$2,763,844
69$7,536,859$0$0$3,001,157
70$8,180,357$0$0$3,261,271
71$8,885,546$0$0$3,546,468
72$9,658,594$0$0$3,859,260
73$10,506,295$0$0$4,202,415
74$11,436,131$0$0$4,578,982
75$12,456,343$0$0$4,992,318
76$13,576,010$0$0$5,446,122
77$14,805,129$0$0$5,944,468
78$16,154,716$0$0$6,491,845
79$17,636,905$0$0$7,093,198
80$19,265,060$0$0$7,753,972
81$21,053,907$0$0$8,480,170
82$23,019,666$0$0$9,278,402
83$25,180,208$0$0$10,155,950
84$27,555,220$0$0$11,120,840
85$30,166,392$0$0$12,181,912
86$33,037,620$0$0$13,348,906
87$36,195,233$0$0$14,632,552
88$39,668,237$0$0$16,044,676
89$43,488,593$0$0$17,598,303
90$47,691,511$0$0$19,307,789
91$52,315,791$0$0$21,188,947
92$57,404,178$0$0$23,259,204
93$63,003,775$0$0$25,537,760
94$69,166,479$0$0$28,045,772
95$75,949,472$0$0$30,806,550
96$83,415,763$0$0$33,845,782
97$91,634,778$0$0$37,191,769
98$100,683,017$0$0$40,875,699
99$110,644,773$0$0$44,931,936
100$121,612,929$0$0$49,398,348