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%15.1%
1 years$80,349$79,634$78,935$78,254$77,588$75,960
2 years$39,777$39,036$38,318$37,622$36,947$35,314
3 years$26,255$25,511$24,794$24,105$23,441$21,854
4 years$19,495$18,753$18,044$17,366$16,718$15,190
5 years$15,440$14,703$14,003$13,339$12,709$11,244
6 years$12,737$12,006$11,316$10,667$10,056$8,656
7 years$10,808$10,082$9,404$8,770$8,178$6,843
8 years$9,361$8,642$7,975$7,357$6,785$5,513
9 years$8,237$7,525$6,869$6,267$5,714$4,506
10 years$7,338$6,633$5,989$5,402$4,868$3,723
11 years$6,603$5,905$5,272$4,701$4,187$3,102
12 years$5,991$5,300$4,679$4,124$3,628$2,603
13 years$5,473$4,789$4,180$3,641$3,164$2,196
14 years$5,030$4,353$3,756$3,232$2,773$1,861
15 years$4,646$3,977$3,391$2,882$2,442$1,583
16 years$4,311$3,649$3,075$2,581$2,158$1,351
17 years$4,015$3,360$2,798$2,319$1,914$1,156
18 years$3,752$3,105$2,554$2,090$1,702$991
19 years$3,518$2,878$2,338$1,888$1,517$852
20 years$3,307$2,674$2,146$1,710$1,355$733
21 years$3,116$2,491$1,974$1,552$1,212$631
22 years$2,943$2,325$1,819$1,411$1,087$545
23 years$2,786$2,175$1,680$1,285$975$470
24 years$2,641$2,038$1,553$1,172$877$406
25 years$2,509$1,912$1,439$1,070$789$351
26 years$2,386$1,797$1,334$979$711$304
27 years$2,273$1,691$1,239$896$641$263
28 years$2,169$1,594$1,152$821$578$228
29 years$2,071$1,503$1,072$753$522$198
30 years$1,981$1,420$998$691$472$171
31 years$1,896$1,342$931$634$426$149
32 years$1,817$1,270$868$583$386$129
33 years$1,743$1,203$811$536$349$112
34 years$1,673$1,140$758$493$316$97
35 years$1,607$1,081$708$454$286$84
36 years$1,545$1,026$663$418$259$73
37 years$1,487$975$620$385$235$63
38 years$1,432$926$581$355$213$55
39 years$1,380$881$544$328$193$48
40 years$1,330$838$510$302$175$42
41 years$1,283$798$478$279$159$36
42 years$1,239$760$449$257$144$31
43 years$1,196$724$421$237$131$27
44 years$1,156$690$395$219$119$24
45 years$1,118$658$371$202$108$21
46 years$1,081$628$348$187$98$18
47 years$1,046$599$327$173$89$15
48 years$1,013$572$308$160$81$13
49 years$981$546$289$148$73$12
50 years$950$522$272$136$67$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $973,000, adding $4,420 every year, while hoping to spend $40,776 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: 74/6/20 Blend
39$973,000$973,000$973,000$973,000
40$1,076,805$1,025,236$1,010,155$1,151,052
41$1,143,254$1,032,087$1,000,610$1,207,779
42$1,215,114$1,037,908$989,378$1,264,541
43$1,292,894$1,042,604$976,360$1,325,694
44$1,377,153$1,046,075$961,453$1,391,666
45$1,468,507$1,048,217$944,546$1,462,931
46$1,567,632$1,048,917$925,525$1,540,010
47$1,675,272$1,048,056$904,272$1,623,477
48$1,792,245$1,045,505$880,660$1,713,965
49$1,919,451$1,041,132$854,559$1,812,173
50$2,057,881$1,034,793$825,833$1,918,872
51$2,208,624$1,026,337$794,337$2,034,911
52$2,372,879$1,015,603$759,923$2,161,228
53$2,551,965$1,002,421$722,433$2,298,854
54$2,747,336$986,610$681,705$2,448,930
55$2,960,590$967,979$637,567$2,612,712
56$3,193,485$946,325$589,841$2,791,586
57$3,447,960$921,434$538,340$2,987,078
58$3,726,146$893,079$482,869$3,200,874
59$4,030,392$861,019$423,224$3,434,831
60$4,363,283$825,000$359,193$3,690,998
61$4,727,665$784,752$290,553$3,971,632
62$5,126,672$739,991$217,072$4,279,226
63$5,563,758$690,415$138,509$4,616,524
64$6,042,722$635,706$54,610$4,986,554
65$6,567,751$575,527$0$5,392,656
66$7,143,457$509,523$0$5,845,962
67$7,774,917$437,317$0$6,356,000
68$8,467,725$358,513$0$6,915,639
69$9,228,042$272,689$0$7,529,877
70$10,062,655$179,403$0$8,204,219
71$10,979,039$78,187$0$8,944,733
72$11,985,429$0$0$9,758,102
73$13,090,896$0$0$10,653,766
74$14,305,434$0$0$11,643,517
75$15,640,052$0$0$12,731,170
76$17,106,877$0$0$13,926,613
77$18,719,273$0$0$15,240,743
78$20,491,959$0$0$16,685,562
79$22,441,153$0$0$18,274,297
80$24,584,724$0$0$20,021,517
81$26,942,359$0$0$21,943,276
82$29,535,747$0$0$24,057,260
83$32,388,787$0$0$26,382,957
84$35,527,809$0$0$28,941,839
85$38,981,825$0$0$31,757,564
86$42,782,802$0$0$34,856,197
87$46,965,960$0$0$38,266,461
88$51,570,109$0$0$42,020,002
89$56,638,010$0$0$46,151,691
90$62,216,782$0$0$50,699,950
91$68,358,341$0$0$55,707,116
92$75,119,896$0$0$61,219,840
93$82,564,483$0$0$67,289,525
94$90,761,562$0$0$73,972,814
95$99,787,672$0$0$81,332,121
96$109,727,150$0$0$89,436,221
97$120,672,931$0$0$98,360,898
98$132,727,421$0$0$108,189,661
99$146,003,462$0$0$119,014,531
100$160,625,403$0$0$130,936,907