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%19.1%
1 years$79,771$79,061$78,368$77,691$77,030$74,209
2 years$39,491$38,755$38,043$37,351$36,681$33,870
3 years$26,066$25,327$24,616$23,931$23,272$20,559
4 years$19,354$18,618$17,914$17,241$16,598$14,005
5 years$15,329$14,597$13,902$13,243$12,617$10,150
6 years$12,646$11,919$11,235$10,590$9,984$7,645
7 years$10,730$10,010$9,336$8,707$8,119$5,908
8 years$9,294$8,580$7,918$7,304$6,736$4,649
9 years$8,178$7,471$6,820$6,221$5,673$3,709
10 years$7,285$6,585$5,946$5,363$4,833$2,989
11 years$6,555$5,862$5,234$4,667$4,157$2,427
12 years$5,948$5,262$4,645$4,094$3,602$1,983
13 years$5,434$4,755$4,150$3,614$3,141$1,629
14 years$4,994$4,322$3,729$3,208$2,754$1,343
15 years$4,613$3,948$3,367$2,861$2,424$1,111
16 years$4,280$3,623$3,053$2,562$2,143$921
17 years$3,986$3,336$2,778$2,302$1,900$765
18 years$3,725$3,083$2,536$2,075$1,689$637
19 years$3,493$2,857$2,321$1,874$1,506$531
20 years$3,283$2,655$2,130$1,698$1,345$443
21 years$3,094$2,473$1,960$1,541$1,204$370
22 years$2,922$2,308$1,806$1,401$1,079$310
23 years$2,766$2,159$1,668$1,276$968$259
24 years$2,622$2,023$1,542$1,164$870$217
25 years$2,490$1,898$1,428$1,063$783$182
26 years$2,369$1,784$1,325$972$706$152
27 years$2,257$1,679$1,230$889$636$128
28 years$2,153$1,582$1,144$815$574$107
29 years$2,056$1,493$1,064$747$518$90
30 years$1,966$1,410$991$686$468$75
31 years$1,882$1,333$924$630$423$63
32 years$1,804$1,261$862$579$383$53
33 years$1,730$1,194$805$532$347$44
34 years$1,661$1,132$752$490$314$37
35 years$1,596$1,073$703$451$284$31
36 years$1,534$1,019$658$415$258$26
37 years$1,476$968$616$383$233$22
38 years$1,422$920$577$353$212$19
39 years$1,370$874$540$325$192$16
40 years$1,321$832$506$300$174$13
41 years$1,274$792$475$277$158$11
42 years$1,230$754$445$255$143$9
43 years$1,188$719$418$236$130$8
44 years$1,148$685$392$218$118$6
45 years$1,110$653$368$201$107$5
46 years$1,073$623$346$186$97$5
47 years$1,038$595$325$172$88$4
48 years$1,005$568$305$159$80$3
49 years$974$542$287$146$73$3
50 years$943$518$270$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $966,000, adding $5,065 every year, while hoping to spend $35,784 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: 51/26/23 Blend
39$966,000$966,000$966,000$966,000
40$1,069,757$1,018,559$1,003,586$1,117,205
41$1,140,798$1,030,394$999,132$1,162,438
42$1,217,886$1,041,610$993,329$1,207,530
43$1,301,600$1,052,139$986,096$1,255,821
44$1,392,577$1,061,907$977,343$1,307,628
45$1,491,517$1,070,838$966,982$1,363,302
46$1,599,191$1,078,848$954,915$1,423,233
47$1,716,448$1,085,851$941,044$1,487,847
48$1,844,220$1,091,752$925,263$1,557,621
49$1,983,535$1,096,452$907,464$1,633,077
50$2,135,523$1,099,846$887,531$1,714,796
51$2,301,428$1,101,820$865,346$1,803,418
52$2,482,620$1,102,256$840,781$1,899,650
53$2,680,606$1,101,026$813,707$2,004,273
54$2,897,048$1,097,995$783,985$2,118,152
55$3,133,771$1,093,022$751,473$2,242,241
56$3,392,789$1,085,953$716,020$2,377,593
57$3,676,316$1,076,628$677,470$2,525,372
58$3,986,794$1,064,876$635,659$2,686,866
59$4,326,908$1,050,516$590,415$2,863,493
60$4,699,618$1,033,357$541,559$3,056,822
61$5,108,183$1,013,195$488,905$3,268,585
62$5,556,191$989,815$432,257$3,500,694
63$6,047,595$962,989$371,410$3,755,260
64$6,586,750$932,475$306,153$4,034,613
65$7,178,452$898,019$236,262$4,341,328
66$7,827,982$859,350$161,505$4,678,243
67$8,541,160$816,182$81,639$5,048,494
68$9,324,396$768,213$0$5,455,540
69$10,184,751$715,122$0$5,904,083
70$11,130,004$656,572$0$6,418,893
71$12,168,725$592,205$0$6,984,633
72$13,310,355$521,642$0$7,606,504
73$14,565,294$444,486$0$8,290,243
74$15,945,002$360,313$0$9,042,174
75$17,462,102$268,678$0$9,869,270
76$19,130,503$169,110$0$10,779,221
77$20,965,530$61,113$0$11,780,501
78$22,984,068$0$0$12,882,456
79$25,204,717$0$0$14,111,366
80$27,647,976$0$0$15,482,819
81$30,336,427$0$0$16,992,022
82$33,294,953$0$0$18,652,956
83$36,550,971$0$0$20,481,031
84$40,134,692$0$0$22,493,221
85$44,079,400$0$0$24,708,232
86$48,421,775$0$0$27,146,678
87$53,202,229$0$0$29,831,268
88$58,465,295$0$0$32,787,028
89$64,260,041$0$0$36,041,535
90$70,640,537$0$0$39,625,174
91$77,666,362$0$0$43,571,427
92$85,403,166$0$0$47,917,189
93$93,923,291$0$0$52,703,115
94$103,306,453$0$0$57,974,005
95$113,640,492$0$0$63,779,223
96$125,022,201$0$0$70,173,167
97$137,558,241$0$0$77,215,781
98$151,366,146$0$0$84,973,116
99$166,575,432$0$0$93,517,962
100$183,328,818$0$0$102,930,526