Can I retire at age 40 with 979,000?

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 $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%14.3%
1 years$80,845$80,125$79,422$78,736$78,067$76,679
2 years$40,022$39,277$38,554$37,854$37,175$35,781
3 years$26,416$25,668$24,947$24,253$23,585$22,229
4 years$19,615$18,869$18,155$17,473$16,821$15,514
5 years$15,535$14,793$14,089$13,421$12,787$11,531
6 years$12,816$12,080$11,386$10,733$10,118$8,916
7 years$10,875$10,145$9,462$8,824$8,229$7,080
8 years$9,419$8,696$8,024$7,402$6,826$5,731
9 years$8,288$7,571$6,911$6,305$5,749$4,706
10 years$7,383$6,674$6,026$5,435$4,898$3,908
11 years$6,644$5,941$5,305$4,730$4,213$3,273
12 years$6,028$5,332$4,708$4,149$3,651$2,760
13 years$5,507$4,819$4,206$3,663$3,183$2,341
14 years$5,061$4,380$3,779$3,252$2,791$1,995
15 years$4,675$4,002$3,412$2,900$2,457$1,707
16 years$4,337$3,671$3,094$2,596$2,172$1,465
17 years$4,040$3,381$2,815$2,333$1,925$1,260
18 years$3,776$3,124$2,570$2,102$1,712$1,087
19 years$3,540$2,896$2,353$1,900$1,526$939
20 years$3,327$2,691$2,159$1,721$1,363$813
21 years$3,136$2,506$1,986$1,562$1,220$705
22 years$2,961$2,340$1,830$1,420$1,093$612
23 years$2,803$2,188$1,690$1,293$981$532
24 years$2,657$2,050$1,563$1,179$882$462
25 years$2,524$1,924$1,448$1,077$794$402
26 years$2,401$1,808$1,343$985$715$350
27 years$2,287$1,702$1,247$901$645$305
28 years$2,182$1,604$1,159$826$582$266
29 years$2,084$1,513$1,079$757$525$232
30 years$1,993$1,429$1,005$695$475$203
31 years$1,908$1,351$937$638$429$177
32 years$1,828$1,278$874$587$388$154
33 years$1,753$1,210$816$539$351$135
34 years$1,683$1,147$762$496$318$118
35 years$1,617$1,088$713$457$288$103
36 years$1,555$1,033$667$421$261$90
37 years$1,496$981$624$388$237$79
38 years$1,441$932$584$357$214$69
39 years$1,388$886$548$330$194$60
40 years$1,338$843$513$304$176$53
41 years$1,291$803$481$280$160$46
42 years$1,246$764$451$259$145$40
43 years$1,204$728$424$239$132$35
44 years$1,163$694$398$221$120$31
45 years$1,125$662$373$204$109$27
46 years$1,088$632$351$188$99$23
47 years$1,052$603$329$174$90$21
48 years$1,019$575$310$161$81$18
49 years$987$549$291$148$74$16
50 years$956$525$274$137$67$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $979,000, adding $2,062 every year, while hoping to spend $24,005 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: 31/45/24 Blend
39$979,000$979,000$979,000$979,000
40$1,080,985$1,029,098$1,013,923$1,106,434
41$1,165,704$1,053,983$1,022,349$1,150,920
42$1,258,260$1,079,282$1,030,252$1,196,491
43$1,359,427$1,104,991$1,037,590$1,245,059
44$1,470,057$1,131,104$1,044,317$1,296,901
45$1,591,089$1,157,614$1,050,387$1,352,322
46$1,723,554$1,184,512$1,055,750$1,411,658
47$1,868,592$1,211,788$1,060,353$1,475,281
48$2,027,454$1,239,431$1,064,140$1,543,600
49$2,201,521$1,267,430$1,067,055$1,617,066
50$2,392,312$1,295,769$1,069,037$1,696,177
51$2,601,499$1,324,433$1,070,022$1,781,480
52$2,830,926$1,353,405$1,069,942$1,873,581
53$3,082,624$1,382,665$1,068,728$1,973,147
54$3,358,827$1,412,191$1,066,306$2,080,913
55$3,661,999$1,441,960$1,062,599$2,197,690
56$3,994,853$1,471,946$1,057,525$2,324,372
57$4,360,376$1,502,120$1,051,001$2,461,946
58$4,761,861$1,532,451$1,042,936$2,611,501
59$5,202,935$1,562,905$1,033,239$2,774,235
60$5,687,592$1,593,445$1,021,810$2,951,472
61$6,220,234$1,624,031$1,008,548$3,144,671
62$6,805,710$1,654,620$993,346$3,355,443
63$7,449,360$1,685,165$976,092$3,585,561
64$8,157,072$1,715,615$956,667$3,836,983
65$8,935,328$1,745,914$934,950$4,111,869
66$9,791,273$1,776,005$910,812$4,412,598
67$10,732,777$1,805,824$884,119$4,741,797
68$11,768,512$1,835,301$854,729$5,102,361
69$12,908,034$1,864,365$822,496$5,497,484
70$14,161,869$1,892,935$787,265$5,930,685
71$15,541,618$1,920,927$748,877$6,405,849
72$17,060,062$1,948,251$707,163$6,927,257
73$18,731,282$1,974,809$661,947$7,499,631
74$20,570,797$2,000,499$613,046$8,128,177
75$22,595,703$2,025,208$560,268$8,818,637
76$24,824,840$2,048,818$503,413$9,577,340
77$27,278,967$2,071,204$442,270$10,411,267
78$29,980,957$2,092,229$376,622$11,328,114
79$32,956,016$2,111,749$306,240$12,336,367
80$36,231,917$2,129,612$230,886$13,445,383
81$39,839,263$2,145,653$150,311$14,665,477
82$43,811,776$2,159,698$64,255$16,008,023
83$48,186,616$2,171,562$0$17,485,562
84$53,004,730$2,181,048$0$19,118,980
85$58,311,238$2,187,945$0$20,934,477
86$64,155,862$2,192,032$0$22,932,459
87$70,593,388$2,193,070$0$25,131,532
88$77,684,192$2,190,808$0$27,552,200
89$85,494,801$2,184,980$0$30,217,065
90$94,098,527$2,175,300$0$33,151,036
91$103,576,156$2,161,469$0$36,381,570
92$114,016,710$2,143,167$0$39,938,925
93$125,518,287$2,120,055$0$43,856,455
94$138,188,990$2,091,775$0$48,170,919
95$152,147,941$2,057,946$0$52,922,831
96$167,526,411$2,018,165$0$58,156,845
97$184,469,055$1,972,005$0$63,922,176
98$203,135,279$1,919,014$0$70,273,066
99$223,700,746$1,858,714$0$77,269,298
100$246,359,029$1,790,598$0$84,976,761