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%18.6%
1 years$80,019$79,306$78,611$77,932$77,269$74,587
2 years$39,613$38,876$38,161$37,467$36,795$34,120
3 years$26,147$25,406$24,692$24,006$23,344$20,761
4 years$19,415$18,676$17,970$17,295$16,649$14,178
5 years$15,376$14,642$13,945$13,284$12,657$10,303
6 years$12,685$11,956$11,270$10,623$10,015$7,781
7 years$10,764$10,041$9,365$8,734$8,145$6,030
8 years$9,323$8,607$7,943$7,327$6,757$4,760
9 years$8,203$7,494$6,841$6,241$5,690$3,809
10 years$7,308$6,606$5,964$5,380$4,848$3,079
11 years$6,576$5,880$5,251$4,682$4,170$2,509
12 years$5,966$5,278$4,660$4,107$3,613$2,057
13 years$5,451$4,770$4,163$3,626$3,151$1,695
14 years$5,009$4,336$3,741$3,218$2,762$1,402
15 years$4,627$3,961$3,377$2,870$2,432$1,164
16 years$4,293$3,634$3,062$2,570$2,149$969
17 years$3,999$3,347$2,786$2,309$1,906$808
18 years$3,737$3,092$2,544$2,081$1,695$675
19 years$3,503$2,866$2,329$1,880$1,510$565
20 years$3,293$2,663$2,137$1,703$1,349$473
21 years$3,104$2,481$1,966$1,546$1,207$397
22 years$2,931$2,316$1,812$1,405$1,082$333
23 years$2,774$2,166$1,673$1,280$971$280
24 years$2,630$2,029$1,547$1,167$873$235
25 years$2,498$1,904$1,433$1,066$786$198
26 years$2,377$1,790$1,329$975$708$166
27 years$2,264$1,684$1,234$892$638$140
28 years$2,160$1,587$1,147$817$576$118
29 years$2,063$1,497$1,068$750$520$99
30 years$1,972$1,414$994$688$470$84
31 years$1,888$1,337$927$632$425$70
32 years$1,809$1,265$865$581$384$59
33 years$1,735$1,198$808$534$348$50
34 years$1,666$1,135$755$491$315$42
35 years$1,601$1,077$705$452$285$36
36 years$1,539$1,022$660$417$258$30
37 years$1,481$971$618$384$234$25
38 years$1,426$922$578$354$212$21
39 years$1,374$877$542$326$192$18
40 years$1,325$835$508$301$175$15
41 years$1,278$794$476$278$158$13
42 years$1,234$757$447$256$144$11
43 years$1,191$721$419$236$130$9
44 years$1,151$687$394$218$118$8
45 years$1,113$655$370$202$107$6
46 years$1,077$625$347$186$98$5
47 years$1,042$597$326$172$89$5
48 years$1,008$569$306$159$80$4
49 years$977$544$288$147$73$3
50 years$946$519$271$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $969,000, adding $4,020 every year, while hoping to spend $48,880 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: 66/26/8 Blend
39$969,000$969,000$969,000$969,000
40$1,071,985$1,020,628$1,005,608$1,140,842
41$1,129,319$1,018,630$987,288$1,185,130
42$1,190,863$1,014,897$966,716$1,227,309
43$1,256,996$1,009,291$943,765$1,272,121
44$1,328,130$1,001,667$918,302$1,319,818
45$1,404,722$991,872$890,188$1,370,678
46$1,487,272$979,742$859,277$1,425,007
47$1,576,329$965,104$825,418$1,483,147
48$1,672,496$947,776$788,452$1,545,472
49$1,776,437$927,564$748,211$1,612,399
50$1,888,881$904,261$704,523$1,684,388
51$2,010,628$877,651$657,206$1,761,946
52$2,142,559$847,503$606,070$1,845,636
53$2,285,643$813,574$550,916$1,936,081
54$2,440,944$775,605$491,537$2,033,966
55$2,609,635$733,323$427,718$2,140,053
56$2,793,003$686,441$359,232$2,255,180
57$2,992,465$634,654$285,842$2,380,277
58$3,209,583$577,637$207,304$2,516,369
59$3,446,070$515,052$123,359$2,664,590
60$3,703,816$446,536$33,738$2,826,194
61$3,984,899$371,710$0$3,002,566
62$4,291,606$290,172$0$3,200,519
63$4,626,456$201,495$0$3,419,876
64$4,992,218$105,233$0$3,659,648
65$5,391,946$910$0$3,921,925
66$5,828,996$0$0$4,209,013
67$6,307,069$0$0$4,555,494
68$6,830,236$0$0$4,935,003
69$7,402,981$0$0$5,350,540
70$8,030,242$0$0$5,805,695
71$8,717,456$0$0$6,304,422
72$9,470,613$0$0$6,851,075
73$10,296,306$0$0$7,450,450
74$11,201,801$0$0$8,107,829
75$12,195,097$0$0$8,829,030
76$13,285,007$0$0$9,620,461
77$14,481,237$0$0$10,489,180
78$15,794,479$0$0$11,442,963
79$17,236,510$0$0$12,490,374
80$18,820,305$0$0$13,640,848
81$20,560,156$0$0$14,904,779
82$22,471,807$0$0$16,293,617
83$24,572,604$0$0$17,819,975
84$26,881,655$0$0$19,497,751
85$29,420,013$0$0$21,342,254
86$32,210,871$0$0$23,370,352
87$35,279,782$0$0$25,600,629
88$38,654,899$0$0$28,053,558
89$42,367,240$0$0$30,751,699
90$46,450,980$0$0$33,719,906
91$50,943,774$0$0$36,985,563
92$55,887,109$0$0$40,578,843
93$61,326,697$0$0$44,532,991
94$67,312,904$0$0$48,884,639
95$73,901,227$0$0$53,674,147
96$81,152,816$0$0$58,945,987
97$89,135,046$0$0$64,749,164
98$97,922,161$0$0$71,137,671
99$107,595,964$0$0$78,171,005
100$118,246,596$0$0$85,914,723