Can I retire at age 40 with 979,000?

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 $979,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$80,845$80,125$79,422$78,736$78,067$77,575
2 years$40,022$39,277$38,554$37,854$37,175$36,678
3 years$26,416$25,668$24,947$24,253$23,585$23,100
4 years$19,615$18,869$18,155$17,473$16,821$16,351
5 years$15,535$14,793$14,089$13,421$12,787$12,333
6 years$12,816$12,080$11,386$10,733$10,118$9,681
7 years$10,875$10,145$9,462$8,824$8,229$7,808
8 years$9,419$8,696$8,024$7,402$6,826$6,423
9 years$8,288$7,571$6,911$6,305$5,749$5,362
10 years$7,383$6,674$6,026$5,435$4,898$4,529
11 years$6,644$5,941$5,305$4,730$4,213$3,859
12 years$6,028$5,332$4,708$4,149$3,651$3,314
13 years$5,507$4,819$4,206$3,663$3,183$2,862
14 years$5,061$4,380$3,779$3,252$2,791$2,485
15 years$4,675$4,002$3,412$2,900$2,457$2,166
16 years$4,337$3,671$3,094$2,596$2,172$1,895
17 years$4,040$3,381$2,815$2,333$1,925$1,663
18 years$3,776$3,124$2,570$2,102$1,712$1,464
19 years$3,540$2,896$2,353$1,900$1,526$1,291
20 years$3,327$2,691$2,159$1,721$1,363$1,141
21 years$3,136$2,506$1,986$1,562$1,220$1,010
22 years$2,961$2,340$1,830$1,420$1,093$895
23 years$2,803$2,188$1,690$1,293$981$795
24 years$2,657$2,050$1,563$1,179$882$706
25 years$2,524$1,924$1,448$1,077$794$628
26 years$2,401$1,808$1,343$985$715$559
27 years$2,287$1,702$1,247$901$645$498
28 years$2,182$1,604$1,159$826$582$444
29 years$2,084$1,513$1,079$757$525$397
30 years$1,993$1,429$1,005$695$475$354
31 years$1,908$1,351$937$638$429$316
32 years$1,828$1,278$874$587$388$283
33 years$1,753$1,210$816$539$351$253
34 years$1,683$1,147$762$496$318$226
35 years$1,617$1,088$713$457$288$202
36 years$1,555$1,033$667$421$261$181
37 years$1,496$981$624$388$237$162
38 years$1,441$932$584$357$214$145
39 years$1,388$886$548$330$194$130
40 years$1,338$843$513$304$176$116
41 years$1,291$803$481$280$160$104
42 years$1,246$764$451$259$145$93
43 years$1,204$728$424$239$132$83
44 years$1,163$694$398$221$120$75
45 years$1,125$662$373$204$109$67
46 years$1,088$632$351$188$99$60
47 years$1,052$603$329$174$90$54
48 years$1,019$575$310$161$81$48
49 years$987$549$291$148$74$43
50 years$956$525$274$137$67$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $979,000, adding $5,525 every year, while hoping to spend $56,192 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: 76/12/12 Blend
39$979,000$979,000$979,000$979,000
40$1,084,557$1,032,670$1,017,496$1,164,022
41$1,135,394$1,023,483$991,794$1,207,980
42$1,189,533$1,011,963$963,348$1,248,509
43$1,247,252$997,935$932,006$1,291,367
44$1,308,854$981,216$897,611$1,336,764
45$1,374,672$961,611$859,996$1,384,937
46$1,445,072$938,913$818,989$1,436,141
47$1,520,453$912,904$774,409$1,490,664
48$1,601,255$883,352$726,068$1,548,820
49$1,687,959$850,012$673,767$1,610,958
50$1,781,093$812,625$617,300$1,677,461
51$1,881,236$770,915$556,452$1,748,754
52$1,989,027$724,594$490,997$1,825,307
53$2,105,163$673,355$420,700$1,907,636
54$2,230,412$616,872$345,317$1,996,315
55$2,365,618$554,803$264,589$2,091,974
56$2,511,708$486,785$178,249$2,195,311
57$2,669,700$412,435$86,019$2,307,097
58$2,840,714$331,349$0$2,428,183
59$3,025,981$243,099$0$2,561,096
60$3,226,853$147,233$0$2,717,143
61$3,444,819$43,275$0$2,886,484
62$3,681,517$0$0$3,070,426
63$3,938,744$0$0$3,279,558
64$4,218,484$0$0$3,513,240
65$4,522,913$0$0$3,767,581
66$4,854,429$0$0$4,044,588
67$5,215,671$0$0$4,346,471
68$5,609,541$0$0$4,675,660
69$6,039,235$0$0$5,034,830
70$6,508,270$0$0$5,426,927
71$7,020,517$0$0$5,855,192
72$7,580,237$0$0$6,323,193
73$8,192,124$0$0$6,834,860
74$8,861,342$0$0$7,394,518
75$9,593,579$0$0$8,006,930
76$10,395,099$0$0$8,677,340
77$11,272,797$0$0$9,411,524
78$12,234,268$0$0$10,215,841
79$13,287,876$0$0$11,097,295
80$14,442,833$0$0$12,063,599
81$15,709,282$0$0$13,123,250
82$17,098,397$0$0$14,285,604
83$18,622,485$0$0$15,560,967
84$20,295,102$0$0$16,960,691
85$22,131,179$0$0$18,497,281
86$24,147,164$0$0$20,184,511
87$26,361,176$0$0$22,037,555
88$28,793,173$0$0$24,073,127
89$31,465,144$0$0$26,309,641
90$34,401,310$0$0$28,767,383
91$37,628,357$0$0$31,468,701
92$41,175,684$0$0$34,438,215
93$45,075,678$0$0$37,703,050
94$49,364,024$0$0$41,293,091
95$54,080,037$0$0$45,241,262
96$59,267,030$0$0$49,583,840
97$64,972,728$0$0$54,360,791
98$71,249,712$0$0$59,616,152
99$78,155,915$0$0$65,398,443
100$85,755,171$0$0$71,761,123