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%17.9%
1 years$80,845$80,125$79,422$78,736$78,067$75,568
2 years$40,022$39,277$38,554$37,854$37,175$34,680
3 years$26,416$25,668$24,947$24,253$23,585$21,173
4 years$19,615$18,869$18,155$17,473$16,821$14,510
5 years$15,535$14,793$14,089$13,421$12,787$10,584
6 years$12,816$12,080$11,386$10,733$10,118$8,024
7 years$10,875$10,145$9,462$8,824$8,229$6,243
8 years$9,419$8,696$8,024$7,402$6,826$4,949
9 years$8,288$7,571$6,911$6,305$5,749$3,976
10 years$7,383$6,674$6,026$5,435$4,898$3,229
11 years$6,644$5,941$5,305$4,730$4,213$2,643
12 years$6,028$5,332$4,708$4,149$3,651$2,177
13 years$5,507$4,819$4,206$3,663$3,183$1,802
14 years$5,061$4,380$3,779$3,252$2,791$1,498
15 years$4,675$4,002$3,412$2,900$2,457$1,250
16 years$4,337$3,671$3,094$2,596$2,172$1,045
17 years$4,040$3,381$2,815$2,333$1,925$876
18 years$3,776$3,124$2,570$2,102$1,712$736
19 years$3,540$2,896$2,353$1,900$1,526$619
20 years$3,327$2,691$2,159$1,721$1,363$522
21 years$3,136$2,506$1,986$1,562$1,220$440
22 years$2,961$2,340$1,830$1,420$1,093$371
23 years$2,803$2,188$1,690$1,293$981$314
24 years$2,657$2,050$1,563$1,179$882$265
25 years$2,524$1,924$1,448$1,077$794$224
26 years$2,401$1,808$1,343$985$715$190
27 years$2,287$1,702$1,247$901$645$160
28 years$2,182$1,604$1,159$826$582$136
29 years$2,084$1,513$1,079$757$525$115
30 years$1,993$1,429$1,005$695$475$97
31 years$1,908$1,351$937$638$429$83
32 years$1,828$1,278$874$587$388$70
33 years$1,753$1,210$816$539$351$59
34 years$1,683$1,147$762$496$318$50
35 years$1,617$1,088$713$457$288$43
36 years$1,555$1,033$667$421$261$36
37 years$1,496$981$624$388$237$31
38 years$1,441$932$584$357$214$26
39 years$1,388$886$548$330$194$22
40 years$1,338$843$513$304$176$19
41 years$1,291$803$481$280$160$16
42 years$1,246$764$451$259$145$13
43 years$1,204$728$424$239$132$11
44 years$1,163$694$398$221$120$10
45 years$1,125$662$373$204$109$8
46 years$1,088$632$351$188$99$7
47 years$1,052$603$329$174$90$6
48 years$1,019$575$310$161$81$5
49 years$987$549$291$148$74$4
50 years$956$525$274$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $979,000, adding $3,209 every year, while hoping to spend $53,249 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: 58/23/19 Blend
39$979,000$979,000$979,000$979,000
40$1,082,168$1,030,281$1,015,107$1,139,332
41$1,135,893$1,024,108$992,456$1,172,338
42$1,193,313$1,015,848$967,262$1,202,236
43$1,254,748$1,005,343$939,383$1,233,635
44$1,320,552$992,424$908,672$1,266,692
45$1,391,108$976,913$874,973$1,301,580
46$1,466,841$958,621$838,124$1,338,492
47$1,548,215$937,350$797,957$1,377,643
48$1,635,739$912,886$754,295$1,419,274
49$1,729,973$885,006$706,952$1,463,652
50$1,831,532$853,473$655,737$1,511,075
51$1,941,090$818,035$600,446$1,561,874
52$2,059,390$778,428$540,870$1,616,419
53$2,187,246$734,369$476,787$1,675,119
54$2,325,554$685,562$407,969$1,738,429
55$2,475,299$631,693$334,174$1,806,857
56$2,637,562$572,429$255,151$1,880,965
57$2,813,535$507,419$170,640$1,961,378
58$3,004,525$436,292$80,366$2,048,789
59$3,211,973$358,657$0$2,143,969
60$3,437,462$274,098$0$2,251,008
61$3,682,733$182,179$0$2,385,213
62$3,949,703$82,437$0$2,531,388
63$4,240,481$0$0$2,690,763
64$4,557,387$0$0$2,871,179
65$4,902,976$0$0$3,090,751
66$5,280,059$0$0$3,330,411
67$5,691,728$0$0$3,592,135
68$6,141,390$0$0$3,878,099
69$6,632,795$0$0$4,190,698
70$7,170,070$0$0$4,532,568
71$7,757,760$0$0$4,906,613
72$8,400,870$0$0$5,316,030
73$9,104,909$0$0$5,764,339
74$9,875,944$0$0$6,255,417
75$10,720,660$0$0$6,793,533
76$11,646,413$0$0$7,383,389
77$12,661,309$0$0$8,030,163
78$13,774,273$0$0$8,739,558
79$14,995,137$0$0$9,517,857
80$16,334,731$0$0$10,371,979
81$17,804,980$0$0$11,309,545
82$19,419,024$0$0$12,338,951
83$21,191,336$0$0$13,469,445
84$23,137,858$0$0$14,711,215
85$25,276,153$0$0$16,075,483
86$27,625,568$0$0$17,574,615
87$30,207,418$0$0$19,222,230
88$33,045,184$0$0$21,033,335
89$36,164,735$0$0$23,024,461
90$39,594,573$0$0$25,213,822
91$43,366,096$0$0$27,621,485
92$47,513,900$0$0$30,269,559
93$52,076,101$0$0$33,182,404
94$57,094,693$0$0$36,386,857
95$62,615,948$0$0$39,912,489
96$68,690,844$0$0$43,791,883
97$75,375,554$0$0$48,060,936
98$82,731,969$0$0$52,759,205
99$90,828,283$0$0$57,930,273
100$99,739,638$0$0$63,622,164