Can I retire at age 40 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$80,019$79,306$78,611$77,932$77,269$76,052
2 years$39,613$38,876$38,161$37,467$36,795$35,572
3 years$26,147$25,406$24,692$24,006$23,344$22,153
4 years$19,415$18,676$17,970$17,295$16,649$15,499
5 years$15,376$14,642$13,945$13,284$12,657$11,551
6 years$12,685$11,956$11,270$10,623$10,015$8,955
7 years$10,764$10,041$9,365$8,734$8,145$7,131
8 years$9,323$8,607$7,943$7,327$6,757$5,789
9 years$8,203$7,494$6,841$6,241$5,690$4,768
10 years$7,308$6,606$5,964$5,380$4,848$3,971
11 years$6,576$5,880$5,251$4,682$4,170$3,337
12 years$5,966$5,278$4,660$4,107$3,613$2,823
13 years$5,451$4,770$4,163$3,626$3,151$2,402
14 years$5,009$4,336$3,741$3,218$2,762$2,054
15 years$4,627$3,961$3,377$2,870$2,432$1,763
16 years$4,293$3,634$3,062$2,570$2,149$1,518
17 years$3,999$3,347$2,786$2,309$1,906$1,311
18 years$3,737$3,092$2,544$2,081$1,695$1,135
19 years$3,503$2,866$2,329$1,880$1,510$985
20 years$3,293$2,663$2,137$1,703$1,349$855
21 years$3,104$2,481$1,966$1,546$1,207$744
22 years$2,931$2,316$1,812$1,405$1,082$648
23 years$2,774$2,166$1,673$1,280$971$566
24 years$2,630$2,029$1,547$1,167$873$494
25 years$2,498$1,904$1,433$1,066$786$431
26 years$2,377$1,790$1,329$975$708$377
27 years$2,264$1,684$1,234$892$638$330
28 years$2,160$1,587$1,147$817$576$289
29 years$2,063$1,497$1,068$750$520$253
30 years$1,972$1,414$994$688$470$222
31 years$1,888$1,337$927$632$425$194
32 years$1,809$1,265$865$581$384$170
33 years$1,735$1,198$808$534$348$149
34 years$1,666$1,135$755$491$315$131
35 years$1,601$1,077$705$452$285$115
36 years$1,539$1,022$660$417$258$101
37 years$1,481$971$618$384$234$89
38 years$1,426$922$578$354$212$78
39 years$1,374$877$542$326$192$68
40 years$1,325$835$508$301$175$60
41 years$1,278$794$476$278$158$53
42 years$1,234$757$447$256$144$46
43 years$1,191$721$419$236$130$41
44 years$1,151$687$394$218$118$36
45 years$1,113$655$370$202$107$31
46 years$1,077$625$347$186$98$28
47 years$1,042$597$326$172$89$24
48 years$1,008$569$306$159$80$21
49 years$977$544$288$147$73$19
50 years$946$519$271$136$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $969,000, adding $5,987 every year, while hoping to spend $43,170 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: 38/32/30 Blend
39$969,000$969,000$969,000$969,000
40$1,074,014$1,022,657$1,007,637$1,105,059
41$1,137,630$1,026,834$995,460$1,132,687
42$1,206,289$1,029,770$981,429$1,158,166
43$1,280,459$1,031,357$965,435$1,184,896
44$1,360,654$1,031,482$947,366$1,213,017
45$1,447,442$1,030,025$927,103$1,242,691
46$1,541,444$1,026,859$904,524$1,274,098
47$1,643,344$1,021,848$879,498$1,307,437
48$1,753,896$1,014,849$851,892$1,342,935
49$1,873,926$1,005,709$821,563$1,380,844
50$2,004,344$994,267$788,364$1,421,443
51$2,146,153$980,352$752,140$1,465,048
52$2,300,453$963,782$712,729$1,512,008
53$2,468,457$944,365$669,963$1,562,715
54$2,651,498$921,897$623,665$1,617,604
55$2,851,044$896,163$573,650$1,677,160
56$3,068,709$866,934$519,727$1,741,923
57$3,306,273$833,969$461,693$1,812,495
58$3,565,692$797,013$399,339$1,889,544
59$3,849,120$755,794$332,444$1,973,813
60$4,158,929$710,027$260,780$2,066,130
61$4,497,731$659,409$184,107$2,167,410
62$4,868,399$603,620$102,175$2,278,675
63$5,274,101$542,323$14,723$2,401,055
64$5,718,322$475,159$0$2,535,806
65$6,204,901$401,752$0$2,709,481
66$6,738,065$321,702$0$2,905,130
67$7,322,470$234,587$0$3,119,841
68$7,963,244$139,964$0$3,355,613
69$8,666,034$37,361$0$3,614,651
70$9,437,060$0$0$3,899,392
71$10,283,175$0$0$4,238,488
72$11,211,925$0$0$4,625,279
73$12,231,622$0$0$5,050,088
74$13,351,426$0$0$5,516,748
75$14,581,423$0$0$6,029,481
76$15,932,727$0$0$6,592,939
77$17,417,580$0$0$7,212,246
78$19,049,468$0$0$7,893,047
79$20,843,251$0$0$8,641,562
80$22,815,298$0$0$9,464,644
81$24,983,644$0$0$10,369,842
82$27,368,159$0$0$11,365,473
83$29,990,734$0$0$12,460,703
84$32,875,489$0$0$13,665,630
85$36,048,998$0$0$14,991,377
86$39,540,542$0$0$16,450,204
87$43,382,382$0$0$18,055,618
88$47,610,063$0$0$19,822,499
89$52,262,753$0$0$21,767,246
90$57,383,605$0$0$23,907,928
91$63,020,171$0$0$26,264,452
92$69,224,844$0$0$28,858,756
93$76,055,358$0$0$31,715,012
94$83,575,326$0$0$34,859,855
95$91,854,844$0$0$38,322,635
96$100,971,150$0$0$42,135,690
97$111,009,354$0$0$46,334,658
98$122,063,237$0$0$50,958,806
99$134,236,140$0$0$56,051,405
100$147,641,937$0$0$61,660,135