Can I retire at age 40 with 977,000?

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 $977,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$80,680$79,961$79,260$78,576$77,907$75,474
2 years$39,940$39,197$38,476$37,777$37,099$34,669
3 years$26,362$25,615$24,896$24,204$23,537$21,187
4 years$19,575$18,830$18,118$17,438$16,787$14,534
5 years$15,503$14,763$14,060$13,394$12,761$10,612
6 years$12,790$12,055$11,363$10,711$10,097$8,054
7 years$10,852$10,124$9,443$8,806$8,212$6,274
8 years$9,400$8,678$8,008$7,387$6,813$4,979
9 years$8,271$7,556$6,897$6,292$5,737$4,006
10 years$7,368$6,660$6,013$5,424$4,888$3,256
11 years$6,630$5,929$5,294$4,721$4,204$2,669
12 years$6,015$5,322$4,698$4,141$3,643$2,201
13 years$5,496$4,809$4,198$3,655$3,177$1,825
14 years$5,051$4,371$3,772$3,245$2,785$1,519
15 years$4,665$3,993$3,405$2,894$2,452$1,269
16 years$4,328$3,664$3,087$2,591$2,167$1,063
17 years$4,032$3,374$2,809$2,328$1,922$893
18 years$3,768$3,118$2,565$2,098$1,709$751
19 years$3,532$2,890$2,348$1,896$1,523$633
20 years$3,321$2,685$2,155$1,717$1,360$534
21 years$3,129$2,501$1,982$1,558$1,217$451
22 years$2,955$2,335$1,827$1,417$1,091$381
23 years$2,797$2,184$1,687$1,290$979$322
24 years$2,652$2,046$1,560$1,177$880$273
25 years$2,519$1,920$1,445$1,075$792$231
26 years$2,396$1,805$1,340$983$714$196
27 years$2,283$1,698$1,244$900$643$166
28 years$2,178$1,600$1,157$824$580$141
29 years$2,080$1,510$1,076$756$524$119
30 years$1,989$1,426$1,003$694$474$101
31 years$1,904$1,348$935$637$428$86
32 years$1,824$1,275$872$585$387$73
33 years$1,750$1,208$814$538$351$62
34 years$1,680$1,145$761$495$317$53
35 years$1,614$1,086$711$456$287$45
36 years$1,552$1,030$665$420$260$38
37 years$1,493$979$623$387$236$32
38 years$1,438$930$583$357$214$27
39 years$1,385$884$546$329$194$23
40 years$1,336$841$512$303$176$20
41 years$1,289$801$480$280$160$17
42 years$1,244$763$450$258$145$14
43 years$1,201$727$423$238$132$12
44 years$1,161$693$397$220$119$10
45 years$1,122$661$373$203$108$9
46 years$1,085$630$350$188$98$7
47 years$1,050$601$329$173$89$6
48 years$1,017$574$309$160$81$5
49 years$985$548$290$148$74$5
50 years$954$524$273$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $977,000, adding $4,573 every year, while hoping to spend $51,178 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: 52/43/5 Blend
39$977,000$977,000$977,000$977,000
40$1,081,371$1,029,590$1,014,447$1,136,150
41$1,137,218$1,025,587$993,978$1,169,773
42$1,197,046$1,019,672$971,107$1,200,338
43$1,261,207$1,011,699$945,702$1,232,329
44$1,330,087$1,001,509$917,620$1,265,891
45$1,404,111$988,938$886,716$1,301,185
46$1,483,744$973,809$852,834$1,338,390
47$1,569,496$955,936$815,814$1,377,706
48$1,661,928$935,121$775,487$1,419,357
49$1,761,658$911,155$731,679$1,463,593
50$1,869,361$883,816$684,205$1,510,693
51$1,985,783$852,870$632,873$1,560,968
52$2,111,741$818,068$577,482$1,614,764
53$2,248,134$779,149$517,823$1,672,467
54$2,395,950$735,834$453,677$1,734,508
55$2,556,277$687,830$384,815$1,801,364
56$2,730,309$634,825$310,998$1,873,569
57$2,919,361$576,492$231,977$1,951,714
58$3,124,879$512,483$147,491$2,036,460
59$3,348,454$442,432$57,269$2,128,537
60$3,591,835$365,951$0$2,228,760
61$3,856,950$282,630$0$2,340,113
62$4,145,917$192,036$0$2,464,916
63$4,461,068$93,714$0$2,601,239
64$4,804,971$0$0$2,750,337
65$5,180,452$0$0$2,919,666
66$5,590,622$0$0$3,153,168
67$6,038,904$0$0$3,408,461
68$6,529,069$0$0$3,687,705
69$7,065,268$0$0$3,993,277
70$7,652,072$0$0$4,327,793
71$8,294,514$0$0$4,694,138
72$8,998,135$0$0$5,095,484
73$9,769,040$0$0$5,535,328
74$10,613,949$0$0$6,017,519
75$11,540,266$0$0$6,546,298
76$12,556,144$0$0$7,126,334
77$13,670,562$0$0$7,762,772
78$14,893,412$0$0$8,461,277
79$16,235,589$0$0$9,228,091
80$17,709,095$0$0$10,070,089
81$19,327,148$0$0$10,994,843
82$21,104,312$0$0$12,010,697
83$23,056,629$0$0$13,126,841
84$25,201,773$0$0$14,353,400
85$27,559,212$0$0$15,701,528
86$30,150,397$0$0$17,183,514
87$32,998,956$0$0$18,812,895
88$36,130,925$0$0$20,604,589
89$39,574,986$0$0$22,575,028
90$43,362,741$0$0$24,742,317
91$47,529,007$0$0$27,126,407
92$52,112,144$0$0$29,749,275
93$57,154,420$0$0$32,635,139
94$62,702,403$0$0$35,810,682
95$68,807,405$0$0$39,305,302
96$75,525,962$0$0$43,151,395
97$82,920,368$0$0$47,384,654
98$91,059,262$0$0$52,044,406
99$100,018,275$0$0$57,173,989
100$109,880,744$0$0$62,821,153