Can I retire at age 40 with 966,000?

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 $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%14.8%
1 years$79,771$79,061$78,368$77,691$77,030$75,506
2 years$39,491$38,755$38,043$37,351$36,681$35,152
3 years$26,066$25,327$24,616$23,931$23,272$21,785
4 years$19,354$18,618$17,914$17,241$16,598$15,165
5 years$15,329$14,597$13,902$13,243$12,617$11,243
6 years$12,646$11,919$11,235$10,590$9,984$8,669
7 years$10,730$10,010$9,336$8,707$8,119$6,865
8 years$9,294$8,580$7,918$7,304$6,736$5,541
9 years$8,178$7,471$6,820$6,221$5,673$4,537
10 years$7,285$6,585$5,946$5,363$4,833$3,755
11 years$6,555$5,862$5,234$4,667$4,157$3,135
12 years$5,948$5,262$4,645$4,094$3,602$2,636
13 years$5,434$4,755$4,150$3,614$3,141$2,228
14 years$4,994$4,322$3,729$3,208$2,754$1,892
15 years$4,613$3,948$3,367$2,861$2,424$1,613
16 years$4,280$3,623$3,053$2,562$2,143$1,380
17 years$3,986$3,336$2,778$2,302$1,900$1,183
18 years$3,725$3,083$2,536$2,075$1,689$1,016
19 years$3,493$2,857$2,321$1,874$1,506$875
20 years$3,283$2,655$2,130$1,698$1,345$755
21 years$3,094$2,473$1,960$1,541$1,204$652
22 years$2,922$2,308$1,806$1,401$1,079$563
23 years$2,766$2,159$1,668$1,276$968$488
24 years$2,622$2,023$1,542$1,164$870$422
25 years$2,490$1,898$1,428$1,063$783$366
26 years$2,369$1,784$1,325$972$706$318
27 years$2,257$1,679$1,230$889$636$276
28 years$2,153$1,582$1,144$815$574$239
29 years$2,056$1,493$1,064$747$518$208
30 years$1,966$1,410$991$686$468$181
31 years$1,882$1,333$924$630$423$157
32 years$1,804$1,261$862$579$383$137
33 years$1,730$1,194$805$532$347$119
34 years$1,661$1,132$752$490$314$103
35 years$1,596$1,073$703$451$284$90
36 years$1,534$1,019$658$415$258$78
37 years$1,476$968$616$383$233$68
38 years$1,422$920$577$353$212$59
39 years$1,370$874$540$325$192$52
40 years$1,321$832$506$300$174$45
41 years$1,274$792$475$277$158$39
42 years$1,230$754$445$255$143$34
43 years$1,188$719$418$236$130$30
44 years$1,148$685$392$218$118$26
45 years$1,110$653$368$201$107$22
46 years$1,073$623$346$186$97$20
47 years$1,038$595$325$172$88$17
48 years$1,005$568$305$159$80$15
49 years$974$542$287$146$73$13
50 years$943$518$270$135$66$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $966,000, adding $6,814 every year, while hoping to spend $37,126 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: 51/44/5 Blend
39$966,000$966,000$966,000$966,000
40$1,071,561$1,020,363$1,005,390$1,124,622
41$1,141,358$1,030,859$999,568$1,171,895
42$1,217,030$1,040,625$992,308$1,218,650
43$1,299,138$1,049,586$983,521$1,268,575
44$1,388,297$1,057,662$973,115$1,321,973
45$1,485,184$1,064,768$960,995$1,379,182
46$1,590,545$1,070,814$947,061$1,440,573
47$1,705,199$1,075,703$931,206$1,506,558
48$1,830,050$1,079,333$913,322$1,577,591
49$1,966,089$1,081,594$893,293$1,654,173
50$2,114,410$1,082,372$870,998$1,736,859
51$2,276,215$1,081,543$846,311$1,826,262
52$2,452,827$1,078,977$819,100$1,923,059
53$2,645,703$1,074,534$789,228$2,027,996
54$2,856,447$1,068,069$756,550$2,141,902
55$3,086,825$1,059,425$720,914$2,265,688
56$3,338,780$1,048,436$682,164$2,400,362
57$3,614,454$1,034,927$640,135$2,547,038
58$3,916,202$1,018,713$594,653$2,706,946
59$4,246,621$999,596$545,540$2,881,445
60$4,608,568$977,367$492,607$3,072,035
61$5,005,190$951,807$435,658$3,280,373
62$5,439,954$922,680$374,487$3,508,289
63$5,916,677$889,739$308,881$3,757,802
64$6,439,565$852,723$238,615$4,031,144
65$7,013,247$811,353$163,455$4,330,778
66$7,642,826$765,337$83,158$4,659,422
67$8,333,920$714,364$0$5,020,079
68$9,092,719$658,107$0$5,416,198
69$9,926,041$596,219$0$5,856,044
70$10,841,395$528,332$0$6,339,228
71$11,847,058$454,061$0$6,870,222
72$12,952,143$372,995$0$7,453,959
73$14,166,692$284,702$0$8,095,884
74$15,501,769$188,726$0$8,802,005
75$16,969,560$84,585$0$9,578,947
76$18,583,495$0$0$10,434,023
77$20,358,366$0$0$11,388,969
78$22,310,474$0$0$12,484,428
79$24,457,778$0$0$13,689,539
80$26,820,062$0$0$15,015,419
81$29,419,129$0$0$16,474,320
82$32,278,998$0$0$18,079,739
83$35,426,136$0$0$19,846,550
84$38,889,705$0$0$21,791,140
85$42,701,836$0$0$23,931,566
86$46,897,934$0$0$26,287,723
87$51,517,009$0$0$28,881,536
88$56,602,049$0$0$31,737,160
89$62,200,417$0$0$34,881,214
90$68,364,305$0$0$38,343,027
91$75,151,221$0$0$42,154,919
92$82,624,537$0$0$46,352,502
93$90,854,080$0$0$50,975,020
94$99,916,793$0$0$56,065,712
95$109,897,465$0$0$61,672,229
96$120,889,524$0$0$67,847,077
97$132,995,922$0$0$74,648,115
98$146,330,107$0$0$82,139,098
99$161,017,089$0$0$90,390,283
100$177,194,624$0$0$99,479,089