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%17.5%
1 years$79,854$79,143$78,449$77,771$77,110$74,761
2 years$39,532$38,795$38,082$37,390$36,719$34,373
3 years$26,093$25,353$24,642$23,956$23,296$21,026
4 years$19,374$18,637$17,933$17,259$16,615$14,439
5 years$15,345$14,612$13,917$13,257$12,630$10,554
6 years$12,659$11,932$11,247$10,601$9,994$8,018
7 years$10,741$10,020$9,346$8,716$8,128$6,253
8 years$9,304$8,589$7,926$7,312$6,743$4,968
9 years$8,186$7,478$6,827$6,228$5,678$4,002
10 years$7,293$6,592$5,952$5,369$4,838$3,258
11 years$6,562$5,868$5,240$4,672$4,161$2,673
12 years$5,954$5,267$4,650$4,098$3,606$2,208
13 years$5,440$4,760$4,155$3,618$3,144$1,833
14 years$4,999$4,327$3,733$3,212$2,756$1,528
15 years$4,618$3,952$3,370$2,864$2,427$1,278
16 years$4,284$3,626$3,056$2,565$2,145$1,072
17 years$3,990$3,340$2,781$2,304$1,902$902
18 years$3,729$3,086$2,538$2,077$1,691$760
19 years$3,496$2,860$2,324$1,876$1,507$641
20 years$3,287$2,658$2,133$1,699$1,346$541
21 years$3,097$2,476$1,962$1,542$1,205$458
22 years$2,925$2,311$1,808$1,402$1,080$388
23 years$2,768$2,161$1,669$1,277$969$329
24 years$2,625$2,025$1,544$1,165$871$279
25 years$2,493$1,900$1,430$1,064$784$236
26 years$2,372$1,786$1,326$973$706$201
27 years$2,259$1,681$1,231$890$637$170
28 years$2,155$1,584$1,145$816$575$145
29 years$2,059$1,494$1,065$748$519$123
30 years$1,968$1,411$992$687$469$104
31 years$1,884$1,334$925$631$424$89
32 years$1,806$1,262$863$579$383$76
33 years$1,732$1,195$806$533$347$64
34 years$1,662$1,133$753$490$314$55
35 years$1,597$1,075$704$451$285$46
36 years$1,536$1,020$659$416$258$40
37 years$1,478$969$616$383$234$34
38 years$1,423$921$577$353$212$29
39 years$1,371$875$541$325$192$24
40 years$1,322$833$507$300$174$21
41 years$1,275$793$475$277$158$18
42 years$1,231$755$446$256$143$15
43 years$1,189$719$418$236$130$13
44 years$1,149$686$393$218$118$11
45 years$1,111$654$369$201$107$9
46 years$1,074$624$346$186$97$8
47 years$1,040$595$325$172$88$7
48 years$1,006$568$306$159$80$6
49 years$975$543$287$147$73$5
50 years$944$518$270$136$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $967,000, adding $4,908 every year, while hoping to spend $59,486 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: 47/42/11 Blend
39$967,000$967,000$967,000$967,000
40$1,070,697$1,019,446$1,004,457$1,117,530
41$1,116,615$1,006,106$974,814$1,137,001
42$1,165,223$990,119$942,184$1,151,568
43$1,216,733$971,292$906,404$1,166,033
44$1,271,376$949,421$867,304$1,180,407
45$1,329,404$924,290$824,707$1,194,706
46$1,391,094$895,671$778,425$1,208,950
47$1,456,748$863,321$728,265$1,223,168
48$1,526,697$826,985$674,023$1,237,395
49$1,601,304$786,391$615,486$1,251,676
50$1,680,966$741,253$552,434$1,266,066
51$1,766,118$691,267$484,633$1,280,629
52$1,857,236$636,114$411,843$1,295,444
53$1,954,844$575,454$333,810$1,310,605
54$2,059,516$508,928$250,270$1,326,221
55$2,171,880$436,160$160,948$1,342,419
56$2,292,628$356,747$65,556$1,359,349
57$2,422,517$270,269$0$1,377,184
58$2,562,380$176,279$0$1,400,376
59$2,713,132$74,306$0$1,433,389
60$2,875,776$0$0$1,468,820
61$3,051,415$0$0$1,523,717
62$3,241,263$0$0$1,620,259
63$3,446,651$0$0$1,724,795
64$3,669,044$0$0$1,838,079
65$3,910,053$0$0$1,960,946
66$4,171,448$0$0$2,094,310
67$4,455,175$0$0$2,239,177
68$4,763,378$0$0$2,396,655
69$5,098,411$0$0$2,567,961
70$5,462,866$0$0$2,754,437
71$5,859,595$0$0$2,957,556
72$6,291,735$0$0$3,178,942
73$6,762,739$0$0$3,420,380
74$7,276,407$0$0$3,683,836
75$7,836,920$0$0$3,971,474
76$8,448,883$0$0$4,285,675
77$9,117,363$0$0$4,629,062
78$9,847,939$0$0$5,004,521
79$10,646,753$0$0$5,415,231
80$11,520,567$0$0$5,864,691
81$12,476,826$0$0$6,356,754
82$13,523,731$0$0$6,895,665
83$14,670,310$0$0$7,486,097
84$15,926,506$0$0$8,133,195
85$17,303,267$0$0$8,842,628
86$18,812,655$0$0$9,620,638
87$20,467,950$0$0$10,474,101
88$22,283,782$0$0$11,410,591
89$24,276,264$0$0$12,438,448
90$26,463,145$0$0$13,566,862
91$28,863,975$0$0$14,805,955
92$31,500,290$0$0$16,166,877
93$34,395,812$0$0$17,661,910
94$37,576,676$0$0$19,304,585
95$41,071,672$0$0$21,109,810
96$44,912,517$0$0$23,094,007
97$49,134,150$0$0$25,275,269
98$53,775,068$0$0$27,673,527
99$58,877,680$0$0$30,310,744
100$64,488,712$0$0$33,211,115