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%12.3%
1 years$80,845$80,125$79,422$78,736$78,067$77,316
2 years$40,022$39,277$38,554$37,854$37,175$36,418
3 years$26,416$25,668$24,947$24,253$23,585$22,847
4 years$19,615$18,869$18,155$17,473$16,821$16,106
5 years$15,535$14,793$14,089$13,421$12,787$12,098
6 years$12,816$12,080$11,386$10,733$10,118$9,455
7 years$10,875$10,145$9,462$8,824$8,229$7,593
8 years$9,419$8,696$8,024$7,402$6,826$6,218
9 years$8,288$7,571$6,911$6,305$5,749$5,167
10 years$7,383$6,674$6,026$5,435$4,898$4,342
11 years$6,644$5,941$5,305$4,730$4,213$3,683
12 years$6,028$5,332$4,708$4,149$3,651$3,146
13 years$5,507$4,819$4,206$3,663$3,183$2,703
14 years$5,061$4,380$3,779$3,252$2,791$2,335
15 years$4,675$4,002$3,412$2,900$2,457$2,024
16 years$4,337$3,671$3,094$2,596$2,172$1,762
17 years$4,040$3,381$2,815$2,333$1,925$1,537
18 years$3,776$3,124$2,570$2,102$1,712$1,345
19 years$3,540$2,896$2,353$1,900$1,526$1,180
20 years$3,327$2,691$2,159$1,721$1,363$1,036
21 years$3,136$2,506$1,986$1,562$1,220$912
22 years$2,961$2,340$1,830$1,420$1,093$804
23 years$2,803$2,188$1,690$1,293$981$709
24 years$2,657$2,050$1,563$1,179$882$626
25 years$2,524$1,924$1,448$1,077$794$554
26 years$2,401$1,808$1,343$985$715$490
27 years$2,287$1,702$1,247$901$645$434
28 years$2,182$1,604$1,159$826$582$384
29 years$2,084$1,513$1,079$757$525$341
30 years$1,993$1,429$1,005$695$475$302
31 years$1,908$1,351$937$638$429$268
32 years$1,828$1,278$874$587$388$238
33 years$1,753$1,210$816$539$351$211
34 years$1,683$1,147$762$496$318$188
35 years$1,617$1,088$713$457$288$167
36 years$1,555$1,033$667$421$261$148
37 years$1,496$981$624$388$237$132
38 years$1,441$932$584$357$214$117
39 years$1,388$886$548$330$194$104
40 years$1,338$843$513$304$176$93
41 years$1,291$803$481$280$160$82
42 years$1,246$764$451$259$145$73
43 years$1,204$728$424$239$132$65
44 years$1,163$694$398$221$120$58
45 years$1,125$662$373$204$109$52
46 years$1,088$632$351$188$99$46
47 years$1,052$603$329$174$90$41
48 years$1,019$575$310$161$81$36
49 years$987$549$291$148$74$32
50 years$956$525$274$137$67$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $979,000, adding $4,731 every year, while hoping to spend $37,576 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: 53/40/7 Blend
39$979,000$979,000$979,000$979,000
40$1,083,738$1,031,851$1,016,677$1,139,113
41$1,154,299$1,042,431$1,010,755$1,187,746
42$1,230,797$1,052,270$1,003,375$1,236,116
43$1,313,800$1,061,293$994,449$1,287,833
44$1,403,928$1,069,417$983,884$1,343,220
45$1,501,868$1,076,557$971,583$1,402,633
46$1,608,371$1,082,622$957,444$1,466,468
47$1,724,267$1,087,512$941,361$1,535,159
48$1,850,468$1,091,126$923,222$1,609,187
49$1,987,977$1,093,352$902,911$1,689,084
50$2,137,897$1,094,073$880,305$1,775,436
51$2,301,444$1,093,164$855,277$1,868,892
52$2,479,956$1,090,494$827,693$1,970,168
53$2,674,905$1,085,921$797,414$2,080,055
54$2,887,911$1,079,297$764,293$2,199,427
55$3,120,759$1,070,464$728,178$2,329,248
56$3,375,413$1,059,253$688,909$2,470,584
57$3,654,037$1,045,488$646,319$2,624,613
58$3,959,012$1,028,980$600,234$2,792,633
59$4,292,960$1,009,530$550,471$2,976,079
60$4,658,771$986,925$496,840$3,176,537
61$5,059,623$960,942$439,142$3,395,755
62$5,499,021$931,345$377,170$3,635,665
63$5,980,822$897,882$310,706$3,898,400
64$6,509,275$860,287$239,524$4,186,313
65$7,089,060$818,280$163,387$4,502,004
66$7,725,332$771,564$82,048$4,848,340
67$8,423,770$719,824$0$5,228,487
68$9,190,627$662,728$0$5,646,296
69$10,032,794$599,925$0$6,111,831
70$10,957,861$531,043$0$6,623,234
71$11,974,189$455,690$0$7,185,223
72$13,090,989$373,452$0$7,803,006
73$14,318,409$283,890$0$8,482,325
74$15,667,628$186,542$0$9,229,515
75$17,150,963$80,919$0$10,051,565
76$18,781,983$0$0$10,956,184
77$20,575,638$0$0$11,966,618
78$22,548,399$0$0$13,117,229
79$24,718,415$0$0$14,382,998
80$27,105,679$0$0$15,775,601
81$29,732,224$0$0$17,307,905
82$32,622,321$0$0$18,994,084
83$35,802,717$0$0$20,849,758
84$39,302,880$0$0$22,892,136
85$43,155,280$0$0$25,140,181
86$47,395,696$0$0$27,614,788
87$52,063,550$0$0$30,338,980
88$57,202,279$0$0$33,338,125
89$62,859,749$0$0$36,640,176
90$69,088,700$0$0$40,275,936
91$75,947,248$0$0$44,279,345
92$83,499,430$0$0$48,687,803
93$91,815,809$0$0$53,542,520
94$100,974,142$0$0$58,888,908
95$111,060,108$0$0$64,777,006
96$122,168,120$0$0$71,261,956
97$134,402,216$0$0$78,404,518
98$147,877,038$0$0$86,271,648
99$162,718,914$0$0$94,937,125
100$179,067,051$0$0$104,482,253