Can I retire at age 40 with 971,000?

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 $971,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$80,184$79,470$78,773$78,093$77,429$75,404
2 years$39,695$38,956$38,239$37,545$36,871$34,845
3 years$26,201$25,458$24,743$24,055$23,392$21,428
4 years$19,455$18,714$18,007$17,330$16,684$14,797
5 years$15,408$14,672$13,974$13,311$12,683$10,878
6 years$12,711$11,981$11,293$10,645$10,035$8,315
7 years$10,786$10,062$9,385$8,752$8,161$6,525
8 years$9,342$8,625$7,959$7,342$6,771$5,218
9 years$8,220$7,509$6,855$6,254$5,702$4,231
10 years$7,323$6,619$5,976$5,391$4,858$3,468
11 years$6,589$5,893$5,261$4,692$4,178$2,866
12 years$5,979$5,289$4,669$4,115$3,621$2,384
13 years$5,462$4,780$4,172$3,633$3,157$1,994
14 years$5,020$4,345$3,748$3,225$2,768$1,675
15 years$4,637$3,969$3,384$2,876$2,437$1,412
16 years$4,302$3,641$3,068$2,575$2,154$1,194
17 years$4,007$3,354$2,792$2,314$1,910$1,012
18 years$3,745$3,099$2,549$2,085$1,698$860
19 years$3,511$2,872$2,333$1,884$1,513$731
20 years$3,300$2,669$2,141$1,707$1,352$623
21 years$3,110$2,486$1,970$1,549$1,210$531
22 years$2,937$2,320$1,815$1,408$1,084$454
23 years$2,780$2,170$1,676$1,282$973$388
24 years$2,636$2,033$1,550$1,170$875$332
25 years$2,503$1,908$1,436$1,068$787$284
26 years$2,381$1,793$1,332$977$709$243
27 years$2,269$1,688$1,237$894$639$208
28 years$2,164$1,590$1,150$819$577$179
29 years$2,067$1,500$1,070$751$521$153
30 years$1,977$1,417$996$689$471$131
31 years$1,892$1,339$929$633$426$113
32 years$1,813$1,267$867$582$385$97
33 years$1,739$1,200$809$535$348$83
34 years$1,669$1,138$756$492$315$71
35 years$1,604$1,079$707$453$286$61
36 years$1,542$1,024$661$417$259$52
37 years$1,484$973$619$385$235$45
38 years$1,429$924$580$354$213$39
39 years$1,377$879$543$327$193$33
40 years$1,328$836$509$301$175$29
41 years$1,281$796$477$278$159$24
42 years$1,236$758$448$257$144$21
43 years$1,194$722$420$237$131$18
44 years$1,154$689$394$219$119$16
45 years$1,115$657$370$202$108$13
46 years$1,079$626$348$187$98$11
47 years$1,044$598$327$172$89$10
48 years$1,010$571$307$159$81$8
49 years$979$545$289$147$73$7
50 years$948$521$271$136$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $971,000, adding $6,984 every year, while hoping to spend $37,808 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: 35/49/16 Blend
39$971,000$971,000$971,000$971,000
40$1,077,246$1,025,783$1,010,732$1,109,422
41$1,146,898$1,035,819$1,004,365$1,143,479
42$1,222,387$1,045,079$996,516$1,176,140
43$1,304,268$1,053,487$987,098$1,210,571
44$1,393,154$1,060,958$976,016$1,246,949
45$1,489,715$1,067,404$963,172$1,285,473
46$1,594,691$1,072,732$948,463$1,326,361
47$1,708,894$1,076,841$931,781$1,369,860
48$1,833,220$1,079,625$913,015$1,416,239
49$1,968,653$1,080,970$892,045$1,465,802
50$2,116,276$1,080,758$868,749$1,518,885
51$2,277,282$1,078,861$842,997$1,575,860
52$2,452,982$1,075,142$814,655$1,637,142
53$2,644,821$1,069,459$783,581$1,703,191
54$2,854,389$1,061,659$749,627$1,774,517
55$3,083,436$1,051,580$712,640$1,851,687
56$3,333,891$1,039,052$672,457$1,935,330
57$3,607,874$1,023,891$628,911$2,026,143
58$3,907,722$1,005,907$581,824$2,124,900
59$4,236,007$984,894$531,013$2,232,456
60$4,595,563$960,637$476,285$2,349,763
61$4,989,510$932,908$417,440$2,477,873
62$5,421,283$901,463$354,267$2,617,952
63$5,894,666$866,047$286,547$2,771,292
64$6,413,827$826,389$214,052$2,939,323
65$6,983,357$782,201$136,542$3,123,629
66$7,608,311$733,181$53,768$3,325,963
67$8,294,260$679,008$0$3,548,266
68$9,047,337$619,341$0$3,798,585
69$9,874,300$553,824$0$4,083,574
70$10,782,594$482,077$0$4,396,721
71$11,780,418$403,699$0$4,740,983
72$12,876,808$318,267$0$5,119,626
73$14,081,716$225,335$0$5,536,258
74$15,406,105$124,431$0$5,994,867
75$16,862,056$15,056$0$6,499,853
76$18,462,877$0$0$7,056,081
77$20,223,229$0$0$7,724,626
78$22,159,267$0$0$8,468,978
79$24,288,789$0$0$9,287,883
80$26,631,404$0$0$10,188,900
81$29,208,719$0$0$11,180,361
82$32,044,538$0$0$12,271,445
83$35,165,092$0$0$13,472,266
84$38,599,281$0$0$14,793,969
85$42,378,948$0$0$16,248,833
86$46,539,181$0$0$17,850,388
87$51,118,642$0$0$19,613,543
88$56,159,931$0$0$21,554,727
89$61,709,988$0$0$23,692,039
90$67,820,535$0$0$26,045,428
91$74,548,566$0$0$28,636,872
92$81,956,882$0$0$31,490,589
93$90,114,683$0$0$34,633,267
94$99,098,224$0$0$38,094,314
95$108,991,528$0$0$41,906,134
96$119,887,186$0$0$46,104,434
97$131,887,225$0$0$50,728,563
98$145,104,072$0$0$55,821,880
99$159,661,613$0$0$61,432,164
100$175,696,368$0$0$67,612,065