Can I retire at age 40 with 977,000?

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 $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%11.7%
1 years$80,680$79,961$79,260$78,576$77,907$77,352
2 years$39,940$39,197$38,476$37,777$37,099$36,538
3 years$26,362$25,615$24,896$24,204$23,537$22,989
4 years$19,575$18,830$18,118$17,438$16,787$16,256
5 years$15,503$14,763$14,060$13,394$12,761$12,249
6 years$12,790$12,055$11,363$10,711$10,097$9,604
7 years$10,852$10,124$9,443$8,806$8,212$7,738
8 years$9,400$8,678$8,008$7,387$6,813$6,358
9 years$8,271$7,556$6,897$6,292$5,737$5,302
10 years$7,368$6,660$6,013$5,424$4,888$4,472
11 years$6,630$5,929$5,294$4,721$4,204$3,807
12 years$6,015$5,322$4,698$4,141$3,643$3,264
13 years$5,496$4,809$4,198$3,655$3,177$2,816
14 years$5,051$4,371$3,772$3,245$2,785$2,441
15 years$4,665$3,993$3,405$2,894$2,452$2,126
16 years$4,328$3,664$3,087$2,591$2,167$1,857
17 years$4,032$3,374$2,809$2,328$1,922$1,628
18 years$3,768$3,118$2,565$2,098$1,709$1,430
19 years$3,532$2,890$2,348$1,896$1,523$1,260
20 years$3,321$2,685$2,155$1,717$1,360$1,111
21 years$3,129$2,501$1,982$1,558$1,217$982
22 years$2,955$2,335$1,827$1,417$1,091$870
23 years$2,797$2,184$1,687$1,290$979$771
24 years$2,652$2,046$1,560$1,177$880$684
25 years$2,519$1,920$1,445$1,075$792$607
26 years$2,396$1,805$1,340$983$714$540
27 years$2,283$1,698$1,244$900$643$480
28 years$2,178$1,600$1,157$824$580$428
29 years$2,080$1,510$1,076$756$524$381
30 years$1,989$1,426$1,003$694$474$340
31 years$1,904$1,348$935$637$428$303
32 years$1,824$1,275$872$585$387$270
33 years$1,750$1,208$814$538$351$241
34 years$1,680$1,145$761$495$317$215
35 years$1,614$1,086$711$456$287$192
36 years$1,552$1,030$665$420$260$172
37 years$1,493$979$623$387$236$153
38 years$1,438$930$583$357$214$137
39 years$1,385$884$546$329$194$123
40 years$1,336$841$512$303$176$110
41 years$1,289$801$480$280$160$98
42 years$1,244$763$450$258$145$88
43 years$1,201$727$423$238$132$78
44 years$1,161$693$397$220$119$70
45 years$1,122$661$373$203$108$63
46 years$1,085$630$350$188$98$56
47 years$1,050$601$329$173$89$50
48 years$1,017$574$309$160$81$45
49 years$985$548$290$148$74$40
50 years$954$524$273$137$67$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $977,000, adding $2,282 every year, while hoping to spend $34,993 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: 56/21/23 Blend
39$977,000$977,000$977,000$977,000
40$1,079,008$1,027,227$1,012,083$1,132,566
41$1,151,834$1,040,329$1,008,756$1,182,577
42$1,230,916$1,052,900$1,004,144$1,233,141
43$1,316,855$1,064,877$998,168$1,287,485
44$1,410,312$1,076,193$990,744$1,345,980
45$1,512,013$1,086,777$981,784$1,409,041
46$1,622,761$1,096,551$971,196$1,477,122
47$1,743,436$1,105,435$958,884$1,550,725
48$1,875,006$1,113,342$944,747$1,630,408
49$2,018,540$1,120,178$928,679$1,716,781
50$2,175,211$1,125,847$910,569$1,810,523
51$2,346,312$1,130,243$890,303$1,912,380
52$2,533,266$1,133,255$867,758$2,023,178
53$2,737,639$1,134,765$842,809$2,143,827
54$2,961,157$1,134,647$815,322$2,275,332
55$3,205,719$1,132,769$785,159$2,418,804
56$3,473,416$1,128,987$752,175$2,575,468
57$3,766,550$1,123,153$716,218$2,746,675
58$4,087,657$1,115,107$677,131$2,933,917
59$4,439,530$1,104,680$634,747$3,138,843
60$4,825,245$1,091,692$588,893$3,363,268
61$5,248,188$1,075,953$539,390$3,609,200
62$5,712,091$1,057,262$486,047$3,878,850
63$6,221,062$1,035,406$428,668$4,174,661
64$6,779,629$1,010,159$367,046$4,499,328
65$7,392,775$981,281$300,966$4,855,824
66$8,065,994$948,519$230,204$5,247,429
67$8,805,334$911,606$154,525$5,677,761
68$9,617,460$870,256$73,683$6,150,812
69$10,509,714$824,172$0$6,670,987
70$11,490,182$773,034$0$7,246,232
71$12,567,775$716,507$0$7,898,315
72$13,752,309$654,237$0$8,615,114
73$15,054,598$585,848$0$9,403,218
74$16,486,556$510,944$0$10,269,893
75$18,061,311$429,105$0$11,223,147
76$19,793,324$339,891$0$12,271,806
77$21,698,529$242,832$0$13,425,601
78$23,794,484$137,435$0$14,695,256
79$26,100,531$23,179$0$16,092,594
80$28,637,983$0$0$17,630,645
81$31,430,325$0$0$19,346,993
82$34,503,430$0$0$21,241,915
83$37,885,809$0$0$23,327,647
84$41,608,877$0$0$25,623,575
85$45,707,247$0$0$28,151,057
86$50,219,059$0$0$30,933,629
87$55,186,342$0$0$33,997,225
88$60,655,403$0$0$37,370,422
89$66,677,269$0$0$41,084,707
90$73,308,169$0$0$45,174,778
91$80,610,061$0$0$49,678,869
92$88,651,215$0$0$54,639,109
93$97,506,864$0$0$60,101,923
94$107,259,905$0$0$66,118,467
95$118,001,688$0$0$72,745,113
96$129,832,872$0$0$80,043,976
97$142,864,380$0$0$88,083,509
98$157,218,442$0$0$96,939,137
99$173,029,748$0$0$106,693,979
100$190,446,720$0$0$117,439,628