Can I retire at age 40 with 973,000?

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 $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%18.9%
1 years$80,349$79,634$78,935$78,254$77,588$74,806
2 years$39,777$39,036$38,318$37,622$36,947$34,173
3 years$26,255$25,511$24,794$24,105$23,441$20,764
4 years$19,495$18,753$18,044$17,366$16,718$14,158
5 years$15,440$14,703$14,003$13,339$12,709$10,272
6 years$12,737$12,006$11,316$10,667$10,056$7,745
7 years$10,808$10,082$9,404$8,770$8,178$5,992
8 years$9,361$8,642$7,975$7,357$6,785$4,722
9 years$8,237$7,525$6,869$6,267$5,714$3,771
10 years$7,338$6,633$5,989$5,402$4,868$3,042
11 years$6,603$5,905$5,272$4,701$4,187$2,474
12 years$5,991$5,300$4,679$4,124$3,628$2,025
13 years$5,473$4,789$4,180$3,641$3,164$1,665
14 years$5,030$4,353$3,756$3,232$2,773$1,374
15 years$4,646$3,977$3,391$2,882$2,442$1,138
16 years$4,311$3,649$3,075$2,581$2,158$945
17 years$4,015$3,360$2,798$2,319$1,914$787
18 years$3,752$3,105$2,554$2,090$1,702$656
19 years$3,518$2,878$2,338$1,888$1,517$548
20 years$3,307$2,674$2,146$1,710$1,355$458
21 years$3,116$2,491$1,974$1,552$1,212$383
22 years$2,943$2,325$1,819$1,411$1,087$321
23 years$2,786$2,175$1,680$1,285$975$269
24 years$2,641$2,038$1,553$1,172$877$225
25 years$2,509$1,912$1,439$1,070$789$189
26 years$2,386$1,797$1,334$979$711$159
27 years$2,273$1,691$1,239$896$641$133
28 years$2,169$1,594$1,152$821$578$112
29 years$2,071$1,503$1,072$753$522$94
30 years$1,981$1,420$998$691$472$79
31 years$1,896$1,342$931$634$426$66
32 years$1,817$1,270$868$583$386$56
33 years$1,743$1,203$811$536$349$47
34 years$1,673$1,140$758$493$316$39
35 years$1,607$1,081$708$454$286$33
36 years$1,545$1,026$663$418$259$28
37 years$1,487$975$620$385$235$23
38 years$1,432$926$581$355$213$20
39 years$1,380$881$544$328$193$17
40 years$1,330$838$510$302$175$14
41 years$1,283$798$478$279$159$12
42 years$1,239$760$449$257$144$10
43 years$1,196$724$421$237$131$8
44 years$1,156$690$395$219$119$7
45 years$1,118$658$371$202$108$6
46 years$1,081$628$348$187$98$5
47 years$1,046$599$327$173$89$4
48 years$1,013$572$308$160$81$3
49 years$981$546$289$148$73$3
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 $5,175 every year, while hoping to spend $47,707 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: 26/44/30 Blend
39$973,000$973,000$973,000$973,000
40$1,077,584$1,026,015$1,010,934$1,095,446
41$1,136,738$1,025,530$994,040$1,110,194
42$1,200,326$1,023,422$974,981$1,121,625
43$1,268,751$1,019,562$953,635$1,132,926
44$1,342,455$1,013,811$929,873$1,144,120
45$1,421,921$1,006,023$903,559$1,155,238
46$1,507,682$996,044$874,554$1,166,316
47$1,600,324$983,709$842,710$1,177,402
48$1,700,490$968,843$807,873$1,188,551
49$1,808,886$951,262$769,883$1,199,830
50$1,926,289$930,771$728,571$1,211,321
51$2,053,553$907,162$683,761$1,223,117
52$2,191,619$880,215$635,270$1,235,330
53$2,341,517$849,699$582,905$1,248,089
54$2,504,386$815,368$526,466$1,261,545
55$2,681,474$776,962$465,743$1,275,869
56$2,874,157$734,206$400,518$1,291,263
57$3,083,947$686,808$330,562$1,307,953
58$3,312,510$634,462$255,636$1,326,202
59$3,561,677$576,842$175,491$1,346,307
60$3,833,465$513,604$89,867$1,368,606
61$4,130,093$444,385$0$1,393,484
62$4,454,004$368,802$0$1,421,859
63$4,807,887$286,447$0$1,484,469
64$5,194,703$196,894$0$1,553,169
65$5,617,711$99,690$0$1,628,681
66$6,080,499$0$0$1,711,814
67$6,587,021$0$0$1,806,198
68$7,141,626$0$0$1,962,548
69$7,749,107$0$0$2,133,968
70$8,414,741$0$0$2,321,967
71$9,144,339$0$0$2,528,207
72$9,944,302$0$0$2,754,520
73$10,821,679$0$0$3,002,922
74$11,784,234$0$0$3,275,636
75$12,840,521$0$0$3,575,109
76$13,999,960$0$0$3,904,036
77$15,272,927$0$0$4,265,389
78$16,670,853$0$0$4,662,438
79$18,206,330$0$0$5,098,789
80$19,893,230$0$0$5,578,413
81$21,746,835$0$0$6,105,684
82$23,783,978$0$0$6,685,422
83$26,023,208$0$0$7,322,937
84$28,484,957$0$0$8,024,080
85$31,191,736$0$0$8,795,298
86$34,168,349$0$0$9,643,692
87$37,442,121$0$0$10,577,087
88$41,043,158$0$0$11,604,105
89$45,004,632$0$0$12,734,245
90$49,363,091$0$0$13,977,976
91$54,158,804$0$0$15,346,829
92$59,436,142$0$0$16,853,513
93$65,243,992$0$0$18,512,031
94$71,636,222$0$0$20,337,809
95$78,672,185$0$0$22,347,850
96$86,417,282$0$0$24,560,887
97$94,943,576$0$0$26,997,559
98$104,330,472$0$0$29,680,614
99$114,665,464$0$0$32,635,113
100$126,044,964$0$0$35,888,674