Can I retire at age 40 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$80,349$79,634$78,935$78,254$77,588$74,628
2 years$39,777$39,036$38,318$37,622$36,947$33,999
3 years$26,255$25,511$24,794$24,105$23,441$20,598
4 years$19,495$18,753$18,044$17,366$16,718$14,003
5 years$15,440$14,703$14,003$13,339$12,709$10,128
6 years$12,737$12,006$11,316$10,667$10,056$7,611
7 years$10,808$10,082$9,404$8,770$8,178$5,868
8 years$9,361$8,642$7,975$7,357$6,785$4,607
9 years$8,237$7,525$6,869$6,267$5,714$3,666
10 years$7,338$6,633$5,989$5,402$4,868$2,947
11 years$6,603$5,905$5,272$4,701$4,187$2,387
12 years$5,991$5,300$4,679$4,124$3,628$1,945
13 years$5,473$4,789$4,180$3,641$3,164$1,593
14 years$5,030$4,353$3,756$3,232$2,773$1,310
15 years$4,646$3,977$3,391$2,882$2,442$1,080
16 years$4,311$3,649$3,075$2,581$2,158$893
17 years$4,015$3,360$2,798$2,319$1,914$740
18 years$3,752$3,105$2,554$2,090$1,702$614
19 years$3,518$2,878$2,338$1,888$1,517$510
20 years$3,307$2,674$2,146$1,710$1,355$425
21 years$3,116$2,491$1,974$1,552$1,212$354
22 years$2,943$2,325$1,819$1,411$1,087$295
23 years$2,786$2,175$1,680$1,285$975$246
24 years$2,641$2,038$1,553$1,172$877$205
25 years$2,509$1,912$1,439$1,070$789$171
26 years$2,386$1,797$1,334$979$711$143
27 years$2,273$1,691$1,239$896$641$120
28 years$2,169$1,594$1,152$821$578$100
29 years$2,071$1,503$1,072$753$522$84
30 years$1,981$1,420$998$691$472$70
31 years$1,896$1,342$931$634$426$58
32 years$1,817$1,270$868$583$386$49
33 years$1,743$1,203$811$536$349$41
34 years$1,673$1,140$758$493$316$34
35 years$1,607$1,081$708$454$286$29
36 years$1,545$1,026$663$418$259$24
37 years$1,487$975$620$385$235$20
38 years$1,432$926$581$355$213$17
39 years$1,380$881$544$328$193$14
40 years$1,330$838$510$302$175$12
41 years$1,283$798$478$279$159$10
42 years$1,239$760$449$257$144$8
43 years$1,196$724$421$237$131$7
44 years$1,156$690$395$219$119$6
45 years$1,118$658$371$202$108$5
46 years$1,081$628$348$187$98$4
47 years$1,046$599$327$173$89$3
48 years$1,013$572$308$160$81$3
49 years$981$546$289$148$73$2
50 years$950$522$272$136$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $973,000, adding $5,807 every year, while hoping to spend $39,500 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: 44/41/15 Blend
39$973,000$973,000$973,000$973,000
40$1,078,236$1,026,667$1,011,585$1,120,776
41$1,146,188$1,034,946$1,003,446$1,159,385
42$1,219,748$1,042,307$993,710$1,196,801
43$1,299,445$1,048,663$982,282$1,236,502
44$1,385,863$1,053,921$969,063$1,278,716
45$1,479,642$1,057,985$953,947$1,323,693
46$1,581,488$1,060,749$936,827$1,371,716
47$1,692,177$1,062,102$917,588$1,423,094
48$1,812,561$1,061,927$896,109$1,478,173
49$1,943,579$1,060,098$872,266$1,537,333
50$2,086,264$1,056,484$845,927$1,601,000
51$2,241,754$1,050,942$816,956$1,669,641
52$2,411,298$1,043,323$785,209$1,743,778
53$2,596,273$1,033,469$750,536$1,823,985
54$2,798,195$1,021,211$712,782$1,910,903
55$3,018,732$1,006,371$671,781$2,005,237
56$3,259,720$988,761$627,363$2,107,770
57$3,523,180$968,179$579,348$2,219,369
58$3,811,339$944,414$527,551$2,340,993
59$4,126,648$917,242$471,776$2,473,704
60$4,471,804$886,425$411,818$2,618,676
61$4,849,779$851,712$347,466$2,777,210
62$5,263,847$812,836$278,496$2,950,743
63$5,717,610$769,515$204,676$3,140,865
64$6,215,037$721,453$125,764$3,349,337
65$6,760,501$668,334$41,507$3,578,103
66$7,358,815$609,825$0$3,829,313
67$8,015,282$545,575$0$4,113,093
68$8,735,744$475,212$0$4,431,915
69$9,526,635$398,342$0$4,782,081
70$10,395,042$314,550$0$5,166,848
71$11,348,771$223,399$0$5,589,813
72$12,396,425$124,424$0$6,054,945
73$13,547,476$17,137$0$6,566,630
74$14,812,363$0$0$7,129,704
75$16,202,585$0$0$7,794,166
76$17,730,809$0$0$8,533,213
77$19,410,992$0$0$9,345,881
78$21,258,511$0$0$10,239,623
79$23,290,305$0$0$11,222,651
80$25,525,041$0$0$12,304,014
81$27,983,282$0$0$13,493,680
82$30,687,686$0$0$14,802,634
83$33,663,218$0$0$16,242,977
84$36,937,384$0$0$17,828,046
85$40,540,491$0$0$19,572,533
86$44,505,933$0$0$21,492,627
87$48,870,505$0$0$23,606,167
88$53,674,750$0$0$25,932,810
89$58,963,341$0$0$28,494,212
90$64,785,501$0$0$31,314,239
91$71,195,471$0$0$34,419,188
92$78,253,016$0$0$37,838,035
93$86,023,992$0$0$41,602,709
94$94,580,966$0$0$45,748,394
95$104,003,901$0$0$50,313,858
96$114,380,910$0$0$55,341,822
97$125,809,085$0$0$60,879,361
98$138,395,415$0$0$66,978,348
99$152,257,795$0$0$73,695,944
100$167,526,139$0$0$81,095,138