Can I retire at age 40 with 976,000?

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 $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%19.3%
1 years$80,597$79,879$79,179$78,495$77,828$74,917
2 years$39,900$39,156$38,436$37,738$37,061$34,162
3 years$26,336$25,589$24,871$24,179$23,513$20,717
4 years$19,555$18,811$18,100$17,420$16,770$14,098
5 years$15,487$14,748$14,046$13,380$12,748$10,207
6 years$12,777$12,043$11,351$10,700$10,087$7,679
7 years$10,841$10,113$9,433$8,797$8,203$5,927
8 years$9,390$8,669$8,000$7,380$6,806$4,659
9 years$8,262$7,548$6,890$6,286$5,731$3,712
10 years$7,361$6,653$6,007$5,418$4,883$2,987
11 years$6,623$5,923$5,289$4,716$4,200$2,423
12 years$6,009$5,316$4,693$4,136$3,639$1,978
13 years$5,490$4,804$4,193$3,652$3,174$1,622
14 years$5,046$4,367$3,768$3,242$2,782$1,335
15 years$4,661$3,989$3,402$2,891$2,450$1,103
16 years$4,324$3,660$3,084$2,589$2,165$913
17 years$4,027$3,371$2,806$2,326$1,920$758
18 years$3,764$3,115$2,562$2,096$1,707$630
19 years$3,529$2,887$2,345$1,894$1,521$524
20 years$3,317$2,682$2,152$1,715$1,359$437
21 years$3,126$2,499$1,980$1,557$1,216$364
22 years$2,952$2,332$1,825$1,415$1,090$304
23 years$2,794$2,181$1,685$1,289$978$254
24 years$2,649$2,044$1,558$1,176$879$212
25 years$2,516$1,918$1,443$1,074$791$178
26 years$2,394$1,803$1,338$982$713$149
27 years$2,280$1,697$1,243$899$643$124
28 years$2,175$1,599$1,155$823$580$104
29 years$2,078$1,508$1,075$755$524$87
30 years$1,987$1,424$1,002$693$473$73
31 years$1,902$1,346$934$636$428$61
32 years$1,822$1,274$871$585$387$51
33 years$1,748$1,206$813$538$350$43
34 years$1,678$1,143$760$495$317$36
35 years$1,612$1,085$711$456$287$30
36 years$1,550$1,029$665$420$260$25
37 years$1,492$978$622$387$236$21
38 years$1,436$929$583$356$214$18
39 years$1,384$884$546$329$194$15
40 years$1,334$841$512$303$176$12
41 years$1,287$800$480$280$160$10
42 years$1,243$762$450$258$145$9
43 years$1,200$726$422$238$131$7
44 years$1,160$692$396$220$119$6
45 years$1,121$660$372$203$108$5
46 years$1,084$630$350$188$98$4
47 years$1,049$601$328$173$89$4
48 years$1,016$574$309$160$81$3
49 years$984$548$290$148$74$3
50 years$953$523$273$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $976,000, adding $5,727 every year, while hoping to spend $25,217 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: 70/18/12 Blend
39$976,000$976,000$976,000$976,000
40$1,081,459$1,029,731$1,014,603$1,154,005
41$1,164,938$1,053,358$1,021,762$1,226,507
42$1,256,085$1,077,296$1,028,315$1,302,222
43$1,355,658$1,101,536$1,034,216$1,384,415
44$1,464,489$1,126,064$1,039,415$1,473,719
45$1,583,492$1,150,867$1,043,861$1,570,831
46$1,713,677$1,175,928$1,047,499$1,676,519
47$1,856,154$1,201,231$1,050,272$1,791,631
48$2,012,145$1,226,755$1,052,120$1,917,097
49$2,182,998$1,252,479$1,052,980$2,053,945
50$2,370,194$1,278,381$1,052,785$2,203,306
51$2,575,367$1,304,435$1,051,467$2,366,427
52$2,800,315$1,330,613$1,048,952$2,544,680
53$3,047,019$1,356,885$1,045,164$2,739,578
54$3,317,661$1,383,218$1,040,022$2,952,789
55$3,614,643$1,409,577$1,033,444$3,186,149
56$3,940,613$1,435,922$1,025,340$3,441,681
57$4,298,486$1,462,213$1,015,620$3,721,617
58$4,691,474$1,488,404$1,004,185$4,028,411
59$5,123,114$1,514,446$990,935$4,364,774
60$5,597,305$1,540,287$975,765$4,733,687
61$6,118,340$1,565,870$958,563$5,138,439
62$6,690,948$1,591,136$939,213$5,582,652
63$7,320,342$1,616,019$917,593$6,070,320
64$8,012,262$1,640,449$893,578$6,605,843
65$8,773,033$1,664,351$867,033$7,194,068
66$9,609,623$1,687,645$837,819$7,840,339
67$10,529,711$1,710,245$805,792$8,550,544
68$11,541,754$1,732,060$770,799$9,331,173
69$12,655,074$1,752,992$732,681$10,189,377
70$13,879,937$1,772,934$691,272$11,133,037
71$15,227,660$1,791,777$646,399$12,170,837
72$16,710,707$1,809,400$597,879$13,312,350
73$18,342,814$1,825,676$545,523$14,568,124
74$20,139,116$1,840,469$489,133$15,949,783
75$22,116,289$1,853,635$428,502$17,470,139
76$24,292,707$1,865,020$363,414$19,143,310
77$26,688,618$1,874,461$293,643$20,984,856
78$29,326,331$1,881,783$218,953$23,011,925
79$32,230,427$1,886,801$139,099$25,243,413
80$35,427,995$1,889,318$53,823$27,700,148
81$38,948,882$1,889,126$0$30,405,081
82$42,825,977$1,886,003$0$33,388,267
83$47,095,522$1,879,712$0$36,680,486
84$51,797,451$1,870,003$0$40,305,597
85$56,975,769$1,856,612$0$44,297,496
86$62,678,968$1,839,256$0$48,693,535
87$68,960,480$1,817,638$0$53,534,876
88$75,879,188$1,791,440$0$58,866,880
89$83,499,972$1,760,328$0$64,739,534
90$91,894,331$1,723,946$0$71,207,924
91$101,141,052$1,681,919$0$78,332,756
92$111,326,954$1,633,847$0$86,180,925
93$122,547,707$1,579,310$0$94,826,153
94$134,908,738$1,517,860$0$104,349,680
95$148,526,220$1,449,026$0$114,841,035
96$163,528,174$1,372,309$0$126,398,877
97$180,055,675$1,287,178$0$139,131,931
98$198,264,181$1,193,077$0$153,160,014
99$218,325,003$1,089,414$0$168,615,161
100$240,426,923$975,564$0$185,642,882