Can I retire at age 40 with 969,000?

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 $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%14.1%
1 years$80,019$79,306$78,611$77,932$77,269$75,958
2 years$39,613$38,876$38,161$37,467$36,795$35,478
3 years$26,147$25,406$24,692$24,006$23,344$22,062
4 years$19,415$18,676$17,970$17,295$16,649$15,413
5 years$15,376$14,642$13,945$13,284$12,657$11,468
6 years$12,685$11,956$11,270$10,623$10,015$8,877
7 years$10,764$10,041$9,365$8,734$8,145$7,057
8 years$9,323$8,607$7,943$7,327$6,757$5,719
9 years$8,203$7,494$6,841$6,241$5,690$4,702
10 years$7,308$6,606$5,964$5,380$4,848$3,909
11 years$6,576$5,880$5,251$4,682$4,170$3,278
12 years$5,966$5,278$4,660$4,107$3,613$2,768
13 years$5,451$4,770$4,163$3,626$3,151$2,351
14 years$5,009$4,336$3,741$3,218$2,762$2,006
15 years$4,627$3,961$3,377$2,870$2,432$1,718
16 years$4,293$3,634$3,062$2,570$2,149$1,477
17 years$3,999$3,347$2,786$2,309$1,906$1,273
18 years$3,737$3,092$2,544$2,081$1,695$1,099
19 years$3,503$2,866$2,329$1,880$1,510$951
20 years$3,293$2,663$2,137$1,703$1,349$825
21 years$3,104$2,481$1,966$1,546$1,207$716
22 years$2,931$2,316$1,812$1,405$1,082$622
23 years$2,774$2,166$1,673$1,280$971$542
24 years$2,630$2,029$1,547$1,167$873$472
25 years$2,498$1,904$1,433$1,066$786$411
26 years$2,377$1,790$1,329$975$708$359
27 years$2,264$1,684$1,234$892$638$313
28 years$2,160$1,587$1,147$817$576$273
29 years$2,063$1,497$1,068$750$520$239
30 years$1,972$1,414$994$688$470$209
31 years$1,888$1,337$927$632$425$183
32 years$1,809$1,265$865$581$384$160
33 years$1,735$1,198$808$534$348$140
34 years$1,666$1,135$755$491$315$122
35 years$1,601$1,077$705$452$285$107
36 years$1,539$1,022$660$417$258$94
37 years$1,481$971$618$384$234$82
38 years$1,426$922$578$354$212$72
39 years$1,374$877$542$326$192$63
40 years$1,325$835$508$301$175$55
41 years$1,278$794$476$278$158$48
42 years$1,234$757$447$256$144$42
43 years$1,191$721$419$236$130$37
44 years$1,151$687$394$218$118$32
45 years$1,113$655$370$202$107$28
46 years$1,077$625$347$186$98$25
47 years$1,042$597$326$172$89$22
48 years$1,008$569$306$159$80$19
49 years$977$544$288$147$73$17
50 years$946$519$271$136$66$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $969,000, adding $3,057 every year, while hoping to spend $59,946 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: 46/27/27 Blend
39$969,000$969,000$969,000$969,000
40$1,070,991$1,019,634$1,004,615$1,111,812
41$1,116,450$1,005,814$974,487$1,127,167
42$1,164,537$989,308$941,341$1,137,758
43$1,215,456$969,920$905,013$1,148,085
44$1,269,431$947,445$865,329$1,158,155
45$1,326,707$921,664$822,111$1,167,980
46$1,387,550$892,344$775,171$1,177,577
47$1,452,253$859,242$724,313$1,186,971
48$1,521,136$822,098$669,330$1,196,194
49$1,594,549$780,637$610,009$1,205,285
50$1,672,874$734,570$546,126$1,214,294
51$1,756,533$683,590$477,447$1,223,282
52$1,845,985$627,372$403,727$1,232,323
53$1,941,736$565,573$324,712$1,241,505
54$2,044,338$497,831$240,135$1,250,930
55$2,154,399$423,763$149,718$1,260,721
56$2,272,584$342,964$53,170$1,271,020
57$2,399,625$255,007$0$1,281,993
58$2,536,324$159,439$0$1,308,194
59$2,683,562$55,785$0$1,352,760
60$2,842,308$0$0$1,400,704
61$3,013,624$0$0$1,469,187
62$3,198,678$0$0$1,561,153
63$3,398,754$0$0$1,660,675
64$3,615,263$0$0$1,768,468
65$3,849,755$0$0$1,885,315
66$4,103,937$0$0$2,012,079
67$4,379,682$0$0$2,149,709
68$4,679,054$0$0$2,299,248
69$5,004,320$0$0$2,461,843
70$5,357,975$0$0$2,638,757
71$5,742,764$0$0$2,831,379
72$6,161,707$0$0$3,041,237
73$6,618,127$0$0$3,270,015
74$7,115,682$0$0$3,519,563
75$7,658,397$0$0$3,791,919
76$8,250,702$0$0$4,089,326
77$8,897,472$0$0$4,414,254
78$9,604,077$0$0$4,769,421
79$10,376,426$0$0$5,157,819
80$11,221,026$0$0$5,582,744
81$12,145,041$0$0$6,047,825
82$13,156,358$0$0$6,557,057
83$14,263,664$0$0$7,114,839
84$15,476,525$0$0$7,726,018
85$16,805,472$0$0$8,395,929
86$18,262,109$0$0$9,130,449
87$19,859,210$0$0$9,936,052
88$21,610,848$0$0$10,819,867
89$23,532,522$0$0$11,789,746
90$25,641,304$0$0$12,854,340
91$27,955,999$0$0$14,023,177
92$30,497,319$0$0$15,306,752
93$33,288,084$0$0$16,716,628
94$36,353,427$0$0$18,265,543
95$39,721,039$0$0$19,967,526
96$43,421,424$0$0$21,838,038
97$47,488,187$0$0$23,894,107
98$51,958,349$0$0$26,154,496
99$56,872,699$0$0$28,639,874
100$62,276,172$0$0$31,373,017