Can I retire at age 40 with 974,000?

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 $974,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$80,432$79,716$79,017$78,334$77,668$75,363
2 years$39,818$39,076$38,358$37,661$36,985$34,682
3 years$26,282$25,537$24,820$24,130$23,465$21,235
4 years$19,515$18,772$18,063$17,384$16,735$14,597
5 years$15,456$14,718$14,017$13,353$12,722$10,681
6 years$12,751$12,018$11,328$10,678$10,066$8,124
7 years$10,819$10,093$9,414$8,779$8,187$6,343
8 years$9,371$8,651$7,984$7,365$6,792$5,045
9 years$8,246$7,533$6,876$6,273$5,720$4,069
10 years$7,346$6,640$5,995$5,407$4,873$3,316
11 years$6,610$5,911$5,278$4,706$4,191$2,725
12 years$5,997$5,305$4,684$4,128$3,632$2,254
13 years$5,479$4,794$4,185$3,644$3,167$1,873
14 years$5,035$4,358$3,760$3,235$2,776$1,564
15 years$4,651$3,981$3,395$2,885$2,445$1,310
16 years$4,315$3,653$3,078$2,583$2,160$1,101
17 years$4,019$3,364$2,801$2,321$1,916$927
18 years$3,756$3,108$2,557$2,092$1,703$782
19 years$3,521$2,881$2,341$1,890$1,518$661
20 years$3,310$2,677$2,148$1,712$1,356$559
21 years$3,120$2,494$1,976$1,554$1,214$474
22 years$2,946$2,328$1,821$1,413$1,088$402
23 years$2,788$2,177$1,681$1,286$976$341
24 years$2,644$2,040$1,555$1,173$878$289
25 years$2,511$1,914$1,440$1,072$790$246
26 years$2,389$1,799$1,336$980$711$209
27 years$2,276$1,693$1,240$897$641$178
28 years$2,171$1,595$1,153$822$579$151
29 years$2,073$1,505$1,073$753$523$129
30 years$1,983$1,421$999$691$472$110
31 years$1,898$1,344$932$635$427$93
32 years$1,819$1,271$869$584$386$79
33 years$1,744$1,204$812$537$349$68
34 years$1,674$1,141$758$494$316$58
35 years$1,609$1,082$709$455$287$49
36 years$1,547$1,027$663$419$260$42
37 years$1,489$976$621$386$235$36
38 years$1,433$927$581$356$213$30
39 years$1,381$882$545$328$193$26
40 years$1,332$839$511$302$175$22
41 years$1,285$799$479$279$159$19
42 years$1,240$761$449$257$144$16
43 years$1,198$725$421$238$131$14
44 years$1,157$691$396$219$119$12
45 years$1,119$659$371$203$108$10
46 years$1,082$628$349$187$98$8
47 years$1,047$600$328$173$89$7
48 years$1,014$572$308$160$81$6
49 years$982$547$289$148$73$5
50 years$951$522$272$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $974,000, adding $5,774 every year, while hoping to spend $40,570 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: 69/21/10 Blend
39$974,000$974,000$974,000$974,000
40$1,079,304$1,027,682$1,012,585$1,151,219
41$1,146,227$1,034,872$1,003,340$1,206,862
42$1,218,616$1,041,055$992,426$1,262,254
43$1,296,986$1,046,138$979,744$1,321,772
44$1,381,904$1,050,024$965,190$1,385,815
45$1,473,990$1,052,607$948,657$1,454,821
46$1,573,930$1,053,778$930,030$1,529,276
47$1,682,477$1,053,419$909,191$1,609,713
48$1,800,457$1,051,404$886,017$1,696,721
49$1,928,782$1,047,601$860,376$1,790,951
50$2,068,453$1,041,868$832,134$1,893,119
51$2,220,573$1,034,058$801,149$2,004,016
52$2,386,355$1,024,010$767,271$2,124,515
53$2,567,134$1,011,558$730,346$2,255,577
54$2,764,380$996,523$690,210$2,398,265
55$2,979,711$978,716$646,696$2,553,748
56$3,214,905$957,937$599,625$2,723,320
57$3,471,925$933,976$548,811$2,908,404
58$3,752,927$906,606$494,062$3,110,573
59$4,060,288$875,592$435,175$3,331,559
60$4,396,623$840,682$371,940$3,573,276
61$4,764,813$801,610$304,134$3,837,831
62$5,168,030$758,095$231,529$4,127,552
63$5,609,768$709,840$153,884$4,445,005
64$6,093,872$656,530$70,947$4,793,019
65$6,624,580$597,833$0$5,174,717
66$7,206,558$533,398$0$5,595,413
67$7,844,946$462,853$0$6,065,233
68$8,545,403$385,806$0$6,580,815
69$9,314,166$301,842$0$7,146,810
70$10,158,102$210,524$0$7,768,343
71$11,084,777$111,388$0$8,451,065
72$12,102,526$3,947$0$9,201,206
73$13,220,528$0$0$10,025,632
74$14,448,898$0$0$10,957,869
75$15,798,779$0$0$11,983,385
76$17,282,444$0$0$13,110,598
77$18,913,416$0$0$14,349,793
78$20,706,595$0$0$15,712,295
79$22,678,395$0$0$17,210,586
80$24,846,899$0$0$18,858,414
81$27,232,034$0$0$20,670,931
82$29,855,750$0$0$22,664,826
83$32,742,237$0$0$24,858,490
84$35,918,142$0$0$27,272,187
85$39,412,831$0$0$29,928,241
86$43,258,655$0$0$32,851,254
87$47,491,263$0$0$36,068,329
88$52,149,934$0$0$39,609,333
89$57,277,949$0$0$43,507,173
90$62,922,996$0$0$47,798,110
91$69,137,622$0$0$52,522,098
92$75,979,730$0$0$57,723,164
93$83,513,120$0$0$63,449,818
94$91,808,094$0$0$69,755,516
95$100,942,120$0$0$76,699,161
96$111,000,559$0$0$84,345,657
97$122,077,472$0$0$92,766,527
98$134,276,509$0$0$102,040,580
99$147,711,882$0$0$112,254,661
100$162,509,447$0$0$123,504,464