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%17%
1 years$80,349$79,634$78,935$78,254$77,588$75,377
2 years$39,777$39,036$38,318$37,622$36,947$34,736
3 years$26,255$25,511$24,794$24,105$23,441$21,299
4 years$19,495$18,753$18,044$17,366$16,718$14,663
5 years$15,440$14,703$14,003$13,339$12,709$10,746
6 years$12,737$12,006$11,316$10,667$10,056$8,187
7 years$10,808$10,082$9,404$8,770$8,178$6,403
8 years$9,361$8,642$7,975$7,357$6,785$5,102
9 years$8,237$7,525$6,869$6,267$5,714$4,122
10 years$7,338$6,633$5,989$5,402$4,868$3,366
11 years$6,603$5,905$5,272$4,701$4,187$2,771
12 years$5,991$5,300$4,679$4,124$3,628$2,296
13 years$5,473$4,789$4,180$3,641$3,164$1,913
14 years$5,030$4,353$3,756$3,232$2,773$1,600
15 years$4,646$3,977$3,391$2,882$2,442$1,343
16 years$4,311$3,649$3,075$2,581$2,158$1,131
17 years$4,015$3,360$2,798$2,319$1,914$954
18 years$3,752$3,105$2,554$2,090$1,702$807
19 years$3,518$2,878$2,338$1,888$1,517$683
20 years$3,307$2,674$2,146$1,710$1,355$580
21 years$3,116$2,491$1,974$1,552$1,212$492
22 years$2,943$2,325$1,819$1,411$1,087$418
23 years$2,786$2,175$1,680$1,285$975$356
24 years$2,641$2,038$1,553$1,172$877$303
25 years$2,509$1,912$1,439$1,070$789$258
26 years$2,386$1,797$1,334$979$711$220
27 years$2,273$1,691$1,239$896$641$187
28 years$2,169$1,594$1,152$821$578$160
29 years$2,071$1,503$1,072$753$522$136
30 years$1,981$1,420$998$691$472$116
31 years$1,896$1,342$931$634$426$99
32 years$1,817$1,270$868$583$386$85
33 years$1,743$1,203$811$536$349$72
34 years$1,673$1,140$758$493$316$62
35 years$1,607$1,081$708$454$286$53
36 years$1,545$1,026$663$418$259$45
37 years$1,487$975$620$385$235$39
38 years$1,432$926$581$355$213$33
39 years$1,380$881$544$328$193$28
40 years$1,330$838$510$302$175$24
41 years$1,283$798$478$279$159$21
42 years$1,239$760$449$257$144$18
43 years$1,196$724$421$237$131$15
44 years$1,156$690$395$219$119$13
45 years$1,118$658$371$202$108$11
46 years$1,081$628$348$187$98$9
47 years$1,046$599$327$173$89$8
48 years$1,013$572$308$160$81$7
49 years$981$546$289$148$73$6
50 years$950$522$272$136$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $973,000, adding $5,301 every year, while hoping to spend $45,400 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: 63/13/24 Blend
39$973,000$973,000$973,000$973,000
40$1,077,714$1,026,145$1,011,063$1,138,503
41$1,139,336$1,028,121$996,629$1,182,204
42$1,205,721$1,028,672$980,189$1,224,410
43$1,277,308$1,027,680$961,629$1,269,494
44$1,354,578$1,025,021$940,828$1,317,745
45$1,438,060$1,020,562$917,661$1,369,480
46$1,528,334$1,014,162$891,994$1,425,050
47$1,626,039$1,005,671$863,691$1,484,844
48$1,731,877$994,931$832,607$1,549,293
49$1,846,621$981,774$798,591$1,618,872
50$1,971,118$966,023$761,486$1,694,107
51$2,106,302$947,488$721,126$1,775,580
52$2,253,200$925,970$677,339$1,863,933
53$2,412,941$901,258$629,945$1,959,878
54$2,586,768$873,127$578,755$2,064,200
55$2,776,049$841,340$523,573$2,177,767
56$2,982,287$805,647$464,194$2,301,539
57$3,207,139$765,782$400,403$2,436,575
58$3,452,426$721,464$331,975$2,584,049
59$3,720,154$672,397$258,678$2,745,253
60$4,012,531$618,266$180,265$2,921,616
61$4,331,988$558,740$96,483$3,114,719
62$4,681,201$493,468$7,064$3,326,306
63$5,063,114$422,078$0$3,558,301
64$5,480,972$344,181$0$3,835,459
65$5,938,347$259,361$0$4,140,903
66$6,439,170$167,182$0$4,475,492
67$6,987,774$67,182$0$4,842,169
68$7,588,927$0$0$5,244,178
69$8,247,882$0$0$5,690,979
70$8,970,425$0$0$6,191,503
71$9,762,926$0$0$6,740,562
72$10,632,405$0$0$7,343,026
73$11,586,590$0$0$8,004,262
74$12,633,998$0$0$8,730,180
75$13,784,007$0$0$9,527,291
76$15,046,949$0$0$10,402,766
77$16,434,205$0$0$11,364,505
78$17,958,315$0$0$12,421,212
79$19,633,090$0$0$13,582,476
80$21,473,747$0$0$14,858,859
81$23,497,051$0$0$16,261,999
82$25,721,471$0$0$17,804,716
83$28,167,356$0$0$19,501,136
84$30,857,122$0$0$21,366,822
85$33,815,471$0$0$23,418,920
86$37,069,615$0$0$25,676,321
87$40,649,538$0$0$28,159,841
88$44,588,277$0$0$30,892,412
89$48,922,230$0$0$33,899,303
90$53,691,504$0$0$37,208,358
91$58,940,288$0$0$40,850,253
92$64,717,275$0$0$44,858,790
93$71,076,114$0$0$49,271,215
94$78,075,922$0$0$54,128,568
95$85,781,836$0$0$59,476,069
96$94,265,632$0$0$65,363,546
97$103,606,398$0$0$71,845,905
98$113,891,280$0$0$78,983,645
99$125,216,307$0$0$86,843,433
100$137,687,293$0$0$95,498,728