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%19.6%
1 years$80,680$79,961$79,260$78,576$77,907$74,905
2 years$39,940$39,197$38,476$37,777$37,099$34,110
3 years$26,362$25,615$24,896$24,204$23,537$20,655
4 years$19,575$18,830$18,118$17,438$16,787$14,035
5 years$15,503$14,763$14,060$13,394$12,761$10,145
6 years$12,790$12,055$11,363$10,711$10,097$7,620
7 years$10,852$10,124$9,443$8,806$8,212$5,872
8 years$9,400$8,678$8,008$7,387$6,813$4,607
9 years$8,271$7,556$6,897$6,292$5,737$3,664
10 years$7,368$6,660$6,013$5,424$4,888$2,943
11 years$6,630$5,929$5,294$4,721$4,204$2,383
12 years$6,015$5,322$4,698$4,141$3,643$1,940
13 years$5,496$4,809$4,198$3,655$3,177$1,588
14 years$5,051$4,371$3,772$3,245$2,785$1,305
15 years$4,665$3,993$3,405$2,894$2,452$1,075
16 years$4,328$3,664$3,087$2,591$2,167$888
17 years$4,032$3,374$2,809$2,328$1,922$735
18 years$3,768$3,118$2,565$2,098$1,709$610
19 years$3,532$2,890$2,348$1,896$1,523$507
20 years$3,321$2,685$2,155$1,717$1,360$421
21 years$3,129$2,501$1,982$1,558$1,217$350
22 years$2,955$2,335$1,827$1,417$1,091$292
23 years$2,797$2,184$1,687$1,290$979$243
24 years$2,652$2,046$1,560$1,177$880$203
25 years$2,519$1,920$1,445$1,075$792$169
26 years$2,396$1,805$1,340$983$714$141
27 years$2,283$1,698$1,244$900$643$118
28 years$2,178$1,600$1,157$824$580$98
29 years$2,080$1,510$1,076$756$524$82
30 years$1,989$1,426$1,003$694$474$69
31 years$1,904$1,348$935$637$428$57
32 years$1,824$1,275$872$585$387$48
33 years$1,750$1,208$814$538$351$40
34 years$1,680$1,145$761$495$317$33
35 years$1,614$1,086$711$456$287$28
36 years$1,552$1,030$665$420$260$23
37 years$1,493$979$623$387$236$20
38 years$1,438$930$583$357$214$16
39 years$1,385$884$546$329$194$14
40 years$1,336$841$512$303$176$11
41 years$1,289$801$480$280$160$10
42 years$1,244$763$450$258$145$8
43 years$1,201$727$423$238$132$7
44 years$1,161$693$397$220$119$6
45 years$1,122$661$373$203$108$5
46 years$1,085$630$350$188$98$4
47 years$1,050$601$329$173$89$3
48 years$1,017$574$309$160$81$3
49 years$985$548$290$148$74$2
50 years$954$524$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 $977,000, adding $6,929 every year, while hoping to spend $36,672 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: 55/28/17 Blend
39$977,000$977,000$977,000$977,000
40$1,083,801$1,032,020$1,016,877$1,138,137
41$1,155,330$1,043,571$1,011,923$1,187,500
42$1,232,926$1,054,458$1,005,575$1,236,706
43$1,317,169$1,064,610$997,746$1,289,468
44$1,408,697$1,073,953$988,347$1,346,134
45$1,508,212$1,082,404$977,285$1,407,091
46$1,616,486$1,089,879$964,460$1,472,763
47$1,734,368$1,096,284$949,770$1,543,620
48$1,862,794$1,101,522$933,108$1,620,182
49$2,002,793$1,105,490$914,361$1,703,022
50$2,155,496$1,108,077$893,410$1,792,773
51$2,322,150$1,109,167$870,133$1,890,135
52$2,504,126$1,108,633$844,400$1,995,880
53$2,702,936$1,106,345$816,076$2,110,860
54$2,920,241$1,102,161$785,020$2,236,018
55$3,157,871$1,095,933$751,084$2,372,393
56$3,417,842$1,087,502$714,113$2,521,133
57$3,702,374$1,076,701$673,948$2,683,506
58$4,013,909$1,063,352$630,418$2,860,911
59$4,355,137$1,047,266$583,347$3,054,892
60$4,729,024$1,028,245$532,551$3,267,155
61$5,138,831$1,006,075$477,838$3,499,582
62$5,588,153$980,534$419,007$3,754,251
63$6,080,948$951,384$355,847$4,033,453
64$6,621,577$918,374$288,140$4,339,720
65$7,214,841$881,238$215,657$4,675,845
66$7,866,032$839,695$138,158$5,044,909
67$8,580,975$793,448$55,394$5,450,312
68$9,366,089$742,182$0$5,895,808
69$10,228,445$685,564$0$6,391,509
70$11,175,833$623,243$0$6,947,123
71$12,216,833$554,847$0$7,557,681
72$13,360,898$479,983$0$8,228,798
73$14,618,444$398,236$0$8,966,663
74$16,000,943$309,168$0$9,778,103
75$17,521,037$212,315$0$10,670,641
76$19,192,652$107,188$0$11,652,576
77$21,031,133$0$0$12,733,055
78$23,053,386$0$0$13,924,237
79$25,278,035$0$0$15,271,073
80$27,725,605$0$0$16,752,971
81$30,418,708$0$0$18,383,638
82$33,382,257$0$0$20,178,171
83$36,643,704$0$0$22,153,208
84$40,233,298$0$0$24,327,080
85$44,184,366$0$0$26,719,985
86$48,533,633$0$0$29,354,180
87$53,321,561$0$0$32,254,189
88$58,592,740$0$0$35,447,034
89$64,396,299$0$0$38,962,491
90$70,786,375$0$0$42,833,371
91$77,822,620$0$0$47,095,827
92$85,570,768$0$0$51,789,696
93$94,103,249$0$0$56,958,879
94$103,499,878$0$0$62,651,746
95$113,848,603$0$0$68,921,603
96$125,246,337$0$0$75,827,186
97$137,799,874$0$0$83,433,219
98$151,626,891$0$0$91,811,025
99$166,857,064$0$0$101,039,196
100$183,633,287$0$0$111,204,340