Can I retire at age 40 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$79,854$79,143$78,449$77,771$77,110$75,801
2 years$39,532$38,795$38,082$37,390$36,719$35,405
3 years$26,093$25,353$24,642$23,956$23,296$22,017
4 years$19,374$18,637$17,933$17,259$16,615$15,381
5 years$15,345$14,612$13,917$13,257$12,630$11,445
6 years$12,659$11,932$11,247$10,601$9,994$8,858
7 years$10,741$10,020$9,346$8,716$8,128$7,042
8 years$9,304$8,589$7,926$7,312$6,743$5,707
9 years$8,186$7,478$6,827$6,228$5,678$4,692
10 years$7,293$6,592$5,952$5,369$4,838$3,901
11 years$6,562$5,868$5,240$4,672$4,161$3,271
12 years$5,954$5,267$4,650$4,098$3,606$2,763
13 years$5,440$4,760$4,155$3,618$3,144$2,346
14 years$4,999$4,327$3,733$3,212$2,756$2,002
15 years$4,618$3,952$3,370$2,864$2,427$1,715
16 years$4,284$3,626$3,056$2,565$2,145$1,474
17 years$3,990$3,340$2,781$2,304$1,902$1,270
18 years$3,729$3,086$2,538$2,077$1,691$1,097
19 years$3,496$2,860$2,324$1,876$1,507$949
20 years$3,287$2,658$2,133$1,699$1,346$823
21 years$3,097$2,476$1,962$1,542$1,205$714
22 years$2,925$2,311$1,808$1,402$1,080$621
23 years$2,768$2,161$1,669$1,277$969$540
24 years$2,625$2,025$1,544$1,165$871$471
25 years$2,493$1,900$1,430$1,064$784$410
26 years$2,372$1,786$1,326$973$706$358
27 years$2,259$1,681$1,231$890$637$312
28 years$2,155$1,584$1,145$816$575$273
29 years$2,059$1,494$1,065$748$519$238
30 years$1,968$1,411$992$687$469$208
31 years$1,884$1,334$925$631$424$182
32 years$1,806$1,262$863$579$383$159
33 years$1,732$1,195$806$533$347$139
34 years$1,662$1,133$753$490$314$122
35 years$1,597$1,075$704$451$285$107
36 years$1,536$1,020$659$416$258$93
37 years$1,478$969$616$383$234$82
38 years$1,423$921$577$353$212$72
39 years$1,371$875$541$325$192$63
40 years$1,322$833$507$300$174$55
41 years$1,275$793$475$277$158$48
42 years$1,231$755$446$256$143$42
43 years$1,189$719$418$236$130$37
44 years$1,149$686$393$218$118$32
45 years$1,111$654$369$201$107$28
46 years$1,074$624$346$186$97$25
47 years$1,040$595$325$172$88$22
48 years$1,006$568$306$159$80$19
49 years$975$543$287$147$73$17
50 years$944$518$270$136$66$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $967,000, adding $5,086 every year, while hoping to spend $21,005 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: 49/25/26 Blend
39$967,000$967,000$967,000$967,000
40$1,070,880$1,019,629$1,004,641$1,115,236
41$1,157,761$1,047,242$1,015,947$1,174,387
42$1,252,799$1,075,504$1,026,928$1,236,119
43$1,356,805$1,104,424$1,037,551$1,302,770
44$1,470,671$1,134,012$1,047,780$1,374,817
45$1,595,379$1,164,278$1,057,580$1,452,782
46$1,732,009$1,195,230$1,066,911$1,537,240
47$1,881,754$1,226,876$1,075,732$1,628,828
48$2,045,925$1,259,224$1,084,001$1,728,242
49$2,225,967$1,292,284$1,091,673$1,836,254
50$2,423,470$1,326,061$1,098,699$1,953,712
51$2,640,188$1,360,562$1,105,029$2,081,551
52$2,878,052$1,395,794$1,110,612$2,220,800
53$3,139,187$1,431,762$1,115,392$2,372,595
54$3,425,937$1,468,471$1,119,310$2,538,187
55$3,740,882$1,505,925$1,122,306$2,718,953
56$4,086,864$1,544,128$1,124,316$2,916,412
57$4,467,016$1,583,081$1,125,272$3,132,238
58$4,884,786$1,622,787$1,125,103$3,368,275
59$5,343,977$1,663,246$1,123,736$3,626,557
60$5,848,774$1,704,457$1,121,093$3,909,322
61$6,403,792$1,746,418$1,117,093$4,219,040
62$7,014,113$1,789,126$1,111,649$4,558,431
63$7,685,336$1,832,577$1,104,673$4,930,494
64$8,423,631$1,876,764$1,096,070$5,338,534
65$9,235,795$1,921,680$1,085,743$5,786,192
66$10,129,318$1,967,314$1,073,587$6,277,483
67$11,112,452$2,013,656$1,059,496$6,816,831
68$12,194,289$2,060,691$1,043,355$7,409,111
69$13,384,846$2,108,406$1,025,048$8,059,698
70$14,695,163$2,156,780$1,004,450$8,774,513
71$16,137,402$2,205,794$981,431$9,560,084
72$17,724,964$2,255,425$955,856$10,423,606
73$19,472,616$2,305,646$927,582$11,373,007
74$21,396,629$2,356,429$896,463$12,417,026
75$23,514,932$2,407,742$862,342$13,565,294
76$25,847,282$2,459,548$825,056$14,828,427
77$28,415,447$2,511,807$784,438$16,218,123
78$31,243,414$2,564,478$740,308$17,747,276
79$34,357,616$2,617,511$692,483$19,430,097
80$37,787,179$2,670,856$640,767$21,282,248
81$41,564,198$2,724,454$584,959$23,320,990
82$45,724,039$2,778,245$524,848$25,565,348
83$50,305,672$2,832,160$460,212$28,036,287
84$55,352,043$2,886,128$390,821$30,756,917
85$60,910,471$2,940,069$316,434$33,752,704
86$67,033,104$2,993,897$236,799$37,051,716
87$73,777,403$3,047,520$151,654$40,684,888
88$81,206,688$3,100,839$60,725$44,686,311
89$89,390,737$3,153,746$0$49,093,558
90$98,406,438$3,206,126$0$53,958,112
91$108,338,524$3,257,854$0$59,334,169
92$119,280,362$3,308,799$0$65,255,247
93$131,334,845$3,358,815$0$71,776,866
94$144,615,353$3,407,751$0$78,960,210
95$159,246,830$3,455,442$0$86,872,702
96$175,366,961$3,501,713$0$95,588,641
97$193,127,468$3,546,374$0$105,189,906
98$212,695,550$3,589,226$0$115,766,725
99$234,255,451$3,630,054$0$127,418,532
100$258,010,209$3,668,628$0$140,254,901