Can I retire at age 40 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$80,597$79,879$79,179$78,495$77,828$76,887
2 years$39,900$39,156$38,436$37,738$37,061$36,114
3 years$26,336$25,589$24,871$24,179$23,513$22,590
4 years$19,555$18,811$18,100$17,420$16,770$15,877
5 years$15,487$14,748$14,046$13,380$12,748$11,888
6 years$12,777$12,043$11,351$10,700$10,087$9,262
7 years$10,841$10,113$9,433$8,797$8,203$7,412
8 years$9,390$8,669$8,000$7,380$6,806$6,049
9 years$8,262$7,548$6,890$6,286$5,731$5,009
10 years$7,361$6,653$6,007$5,418$4,883$4,194
11 years$6,623$5,923$5,289$4,716$4,200$3,544
12 years$6,009$5,316$4,693$4,136$3,639$3,016
13 years$5,490$4,804$4,193$3,652$3,174$2,582
14 years$5,046$4,367$3,768$3,242$2,782$2,221
15 years$4,661$3,989$3,402$2,891$2,450$1,918
16 years$4,324$3,660$3,084$2,589$2,165$1,662
17 years$4,027$3,371$2,806$2,326$1,920$1,444
18 years$3,764$3,115$2,562$2,096$1,707$1,258
19 years$3,529$2,887$2,345$1,894$1,521$1,099
20 years$3,317$2,682$2,152$1,715$1,359$961
21 years$3,126$2,499$1,980$1,557$1,216$842
22 years$2,952$2,332$1,825$1,415$1,090$739
23 years$2,794$2,181$1,685$1,289$978$649
24 years$2,649$2,044$1,558$1,176$879$570
25 years$2,516$1,918$1,443$1,074$791$502
26 years$2,394$1,803$1,338$982$713$442
27 years$2,280$1,697$1,243$899$643$389
28 years$2,175$1,599$1,155$823$580$343
29 years$2,078$1,508$1,075$755$524$303
30 years$1,987$1,424$1,002$693$473$267
31 years$1,902$1,346$934$636$428$236
32 years$1,822$1,274$871$585$387$209
33 years$1,748$1,206$813$538$350$184
34 years$1,678$1,143$760$495$317$163
35 years$1,612$1,085$711$456$287$144
36 years$1,550$1,029$665$420$260$127
37 years$1,492$978$622$387$236$113
38 years$1,436$929$583$356$214$100
39 years$1,384$884$546$329$194$88
40 years$1,334$841$512$303$176$78
41 years$1,287$800$480$280$160$69
42 years$1,243$762$450$258$145$61
43 years$1,200$726$422$238$131$54
44 years$1,160$692$396$220$119$48
45 years$1,121$660$372$203$108$42
46 years$1,084$630$350$188$98$38
47 years$1,049$601$328$173$89$33
48 years$1,016$574$309$160$81$29
49 years$984$548$290$148$74$26
50 years$953$523$273$137$67$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $976,000, adding $6,099 every year, while hoping to spend $28,719 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: 64/17/19 Blend
39$976,000$976,000$976,000$976,000
40$1,081,843$1,030,115$1,014,987$1,145,508
41$1,161,634$1,050,034$1,018,432$1,208,958
42$1,248,602$1,069,966$1,021,031$1,274,436
43$1,343,447$1,089,882$1,022,723$1,345,292
44$1,446,942$1,109,750$1,023,448$1,422,053
45$1,559,938$1,129,535$1,023,141$1,505,298
46$1,683,369$1,149,200$1,021,733$1,595,670
47$1,818,266$1,168,705$1,019,155$1,693,872
48$1,965,763$1,188,005$1,015,331$1,800,682
49$2,127,109$1,207,056$1,010,183$1,916,959
50$2,303,679$1,225,806$1,003,629$2,043,645
51$2,496,987$1,244,203$995,582$2,181,784
52$2,708,699$1,262,189$985,954$2,332,522
53$2,940,652$1,279,702$974,649$2,497,125
54$3,194,868$1,296,677$961,570$2,676,989
55$3,473,574$1,313,043$946,611$2,873,651
56$3,779,221$1,328,725$929,665$3,088,805
57$4,114,512$1,343,642$910,619$3,324,322
58$4,482,421$1,357,710$889,354$3,582,261
59$4,886,227$1,370,836$865,746$3,864,892
60$5,329,538$1,382,923$839,665$4,174,719
61$5,816,332$1,393,868$810,975$4,514,502
62$6,350,989$1,403,559$779,534$4,887,283
63$6,938,335$1,411,878$745,193$5,296,414
64$7,583,686$1,418,701$707,798$5,745,593
65$8,292,899$1,423,894$667,186$6,238,895
66$9,072,425$1,427,315$623,187$6,780,811
67$9,929,373$1,428,814$575,624$7,376,294
68$10,871,573$1,428,230$524,312$8,030,802
69$11,907,654$1,425,394$469,057$8,750,351
70$13,047,122$1,420,126$409,658$9,541,575
71$14,300,449$1,412,233$345,902$10,411,784
72$15,679,175$1,401,512$277,570$11,369,037
73$17,196,014$1,387,749$204,431$12,422,218
74$18,864,973$1,370,715$126,246$13,581,119
75$20,701,488$1,350,168$42,763$14,856,533
76$22,722,564$1,325,850$0$16,260,357
77$24,946,941$1,297,492$0$17,815,098
78$27,395,263$1,264,803$0$19,535,679
79$30,090,283$1,227,481$0$21,429,414
80$33,057,066$1,185,202$0$23,513,923
81$36,323,235$1,137,625$0$25,808,627
82$39,919,225$1,084,389$0$28,334,926
83$43,878,573$1,025,112$0$31,116,404
84$48,238,234$959,388$0$34,179,053
85$53,038,927$886,792$0$37,551,515
86$58,325,524$806,871$0$41,265,355
87$64,147,467$719,147$0$45,355,360
88$70,559,240$623,117$0$49,859,863
89$77,620,879$518,246$0$54,821,113
90$85,398,540$403,971$0$60,285,666
91$93,965,122$279,697$0$66,304,831
92$103,400,958$144,795$0$72,935,152
93$113,794,567$0$0$80,238,942
94$125,243,497$0$0$88,285,133
95$137,855,236$0$0$97,178,473
96$151,748,236$0$0$106,975,414
97$167,053,022$0$0$117,768,011
98$183,913,429$0$0$129,657,709
99$202,487,960$0$0$142,756,292
100$222,951,277$0$0$157,186,946