Can I retire at age 40 with 967,000?

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 $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%13%
1 years$79,854$79,143$78,449$77,771$77,110$76,146
2 years$39,532$38,795$38,082$37,390$36,719$35,749
3 years$26,093$25,353$24,642$23,956$23,296$22,351
4 years$19,374$18,637$17,933$17,259$16,615$15,701
5 years$15,345$14,612$13,917$13,257$12,630$11,750
6 years$12,659$11,932$11,247$10,601$9,994$9,149
7 years$10,741$10,020$9,346$8,716$8,128$7,318
8 years$9,304$8,589$7,926$7,312$6,743$5,969
9 years$8,186$7,478$6,827$6,228$5,678$4,940
10 years$7,293$6,592$5,952$5,369$4,838$4,134
11 years$6,562$5,868$5,240$4,672$4,161$3,491
12 years$5,954$5,267$4,650$4,098$3,606$2,969
13 years$5,440$4,760$4,155$3,618$3,144$2,540
14 years$4,999$4,327$3,733$3,212$2,756$2,183
15 years$4,618$3,952$3,370$2,864$2,427$1,884
16 years$4,284$3,626$3,056$2,565$2,145$1,632
17 years$3,990$3,340$2,781$2,304$1,902$1,417
18 years$3,729$3,086$2,538$2,077$1,691$1,234
19 years$3,496$2,860$2,324$1,876$1,507$1,076
20 years$3,287$2,658$2,133$1,699$1,346$941
21 years$3,097$2,476$1,962$1,542$1,205$823
22 years$2,925$2,311$1,808$1,402$1,080$722
23 years$2,768$2,161$1,669$1,277$969$633
24 years$2,625$2,025$1,544$1,165$871$556
25 years$2,493$1,900$1,430$1,064$784$489
26 years$2,372$1,786$1,326$973$706$431
27 years$2,259$1,681$1,231$890$637$379
28 years$2,155$1,584$1,145$816$575$334
29 years$2,059$1,494$1,065$748$519$294
30 years$1,968$1,411$992$687$469$260
31 years$1,884$1,334$925$631$424$229
32 years$1,806$1,262$863$579$383$202
33 years$1,732$1,195$806$533$347$179
34 years$1,662$1,133$753$490$314$158
35 years$1,597$1,075$704$451$285$139
36 years$1,536$1,020$659$416$258$123
37 years$1,478$969$616$383$234$109
38 years$1,423$921$577$353$212$96
39 years$1,371$875$541$325$192$85
40 years$1,322$833$507$300$174$75
41 years$1,275$793$475$277$158$66
42 years$1,231$755$446$256$143$59
43 years$1,189$719$418$236$130$52
44 years$1,149$686$393$218$118$46
45 years$1,111$654$369$201$107$41
46 years$1,074$624$346$186$97$36
47 years$1,040$595$325$172$88$32
48 years$1,006$568$306$159$80$28
49 years$975$543$287$147$73$25
50 years$944$518$270$136$66$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $967,000, adding $4,330 every year, while hoping to spend $55,959 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: 74/15/11 Blend
39$967,000$967,000$967,000$967,000
40$1,070,100$1,018,849$1,003,861$1,146,699
41$1,119,711$1,009,233$977,950$1,188,234
42$1,172,506$997,270$949,296$1,226,310
43$1,228,751$982,786$917,748$1,266,478
44$1,288,738$965,597$883,147$1,308,931
45$1,352,786$945,508$845,328$1,353,878
46$1,421,243$922,310$804,119$1,401,552
47$1,494,492$895,786$759,340$1,452,211
48$1,572,954$865,703$710,802$1,506,138
49$1,657,089$831,816$658,307$1,563,650
50$1,747,401$793,865$601,650$1,625,094
51$1,844,447$751,575$540,615$1,690,854
52$1,948,833$704,655$474,979$1,761,355
53$2,061,229$652,797$404,505$1,837,068
54$2,182,368$595,678$328,950$1,918,513
55$2,313,056$532,953$248,057$2,006,264
56$2,454,180$464,260$161,558$2,100,955
57$2,606,711$389,213$69,176$2,203,288
58$2,771,720$307,409$0$2,314,040
59$2,950,383$218,420$0$2,437,519
60$3,143,991$121,791$0$2,580,110
61$3,353,967$17,048$0$2,734,767
62$3,581,872$0$0$2,902,687
63$3,829,427$0$0$3,101,085
64$4,098,522$0$0$3,319,842
65$4,391,236$0$0$3,557,839
66$4,709,860$0$0$3,816,942
67$5,056,911$0$0$4,099,203
68$5,435,161$0$0$4,406,883
69$5,847,659$0$0$4,742,468
70$6,297,762$0$0$5,108,693
71$6,789,166$0$0$5,508,572
72$7,325,937$0$0$5,945,421
73$7,912,554$0$0$6,422,890
74$8,553,945$0$0$6,944,998
75$9,255,540$0$0$7,516,172
76$10,023,313$0$0$8,141,282
77$10,863,846$0$0$8,825,695
78$11,784,386$0$0$9,575,320
79$12,792,912$0$0$10,396,662
80$13,898,213$0$0$11,296,889
81$15,109,968$0$0$12,283,891
82$16,438,837$0$0$13,366,360
83$17,896,562$0$0$14,553,872
84$19,496,075$0$0$15,856,970
85$21,251,622$0$0$17,287,270
86$23,178,893$0$0$18,857,566
87$25,295,174$0$0$20,581,954
88$27,619,504$0$0$22,475,957
89$30,172,859$0$0$24,556,680
90$32,978,345$0$0$26,842,965
91$36,061,419$0$0$29,355,568
92$39,450,123$0$0$32,117,357
93$43,175,354$0$0$35,153,525
94$47,271,150$0$0$38,491,829
95$51,775,012$0$0$42,162,848
96$56,728,258$0$0$46,200,273
97$62,176,409$0$0$50,641,226
98$68,169,621$0$0$55,526,605
99$74,763,153$0$0$60,901,471
100$82,017,892$0$0$66,815,475