Can I retire at age 40 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$81,093$80,370$79,666$78,978$78,306$77,911
2 years$40,145$39,397$38,673$37,970$37,289$36,889
3 years$26,497$25,747$25,024$24,328$23,657$23,267
4 years$19,675$18,926$18,211$17,527$16,873$16,494
5 years$15,583$14,839$14,132$13,462$12,826$12,460
6 years$12,855$12,117$11,421$10,766$10,149$9,796
7 years$10,908$10,176$9,491$8,851$8,254$7,915
8 years$9,448$8,722$8,049$7,425$6,847$6,522
9 years$8,313$7,594$6,933$6,325$5,767$5,454
10 years$7,406$6,694$6,044$5,452$4,913$4,614
11 years$6,664$5,959$5,321$4,745$4,226$3,940
12 years$6,046$5,349$4,722$4,162$3,662$3,389
13 years$5,524$4,834$4,219$3,674$3,193$2,933
14 years$5,077$4,394$3,791$3,262$2,799$2,551
15 years$4,689$4,014$3,423$2,909$2,465$2,229
16 years$4,351$3,683$3,103$2,604$2,178$1,954
17 years$4,052$3,392$2,824$2,340$1,931$1,718
18 years$3,787$3,134$2,578$2,109$1,717$1,515
19 years$3,550$2,904$2,360$1,906$1,531$1,339
20 years$3,338$2,699$2,166$1,726$1,367$1,186
21 years$3,145$2,514$1,992$1,566$1,223$1,052
22 years$2,971$2,347$1,836$1,424$1,097$935
23 years$2,811$2,195$1,695$1,297$984$832
24 years$2,666$2,056$1,568$1,183$885$741
25 years$2,532$1,930$1,452$1,080$796$661
26 years$2,408$1,814$1,347$988$717$589
27 years$2,294$1,707$1,251$904$647$527
28 years$2,189$1,608$1,163$828$583$471
29 years$2,090$1,517$1,082$760$527$421
30 years$1,999$1,433$1,008$697$476$377
31 years$1,913$1,355$939$640$430$337
32 years$1,834$1,282$877$588$389$302
33 years$1,759$1,214$818$541$352$271
34 years$1,688$1,150$765$498$319$243
35 years$1,622$1,091$715$458$289$218
36 years$1,560$1,036$669$422$262$195
37 years$1,501$984$626$389$237$175
38 years$1,445$935$586$358$215$157
39 years$1,392$889$549$331$195$141
40 years$1,343$846$515$305$177$127
41 years$1,295$805$483$281$161$114
42 years$1,250$767$453$260$146$102
43 years$1,207$731$425$240$132$92
44 years$1,167$696$399$221$120$82
45 years$1,128$664$374$204$109$74
46 years$1,091$633$352$189$99$67
47 years$1,056$605$330$174$90$60
48 years$1,022$577$311$161$82$54
49 years$990$551$292$149$74$48
50 years$959$526$274$138$67$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $982,000, adding $5,071 every year, while hoping to spend $30,707 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: 37/45/18 Blend
39$982,000$982,000$982,000$982,000
40$1,087,395$1,035,349$1,020,128$1,121,541
41$1,165,637$1,053,409$1,021,630$1,164,743
42$1,250,831$1,071,325$1,022,153$1,208,102
43$1,343,653$1,089,057$1,021,633$1,254,293
44$1,444,848$1,106,563$1,020,000$1,303,586
45$1,555,235$1,123,797$1,017,182$1,356,281
46$1,675,716$1,140,711$1,013,106$1,412,708
47$1,807,285$1,157,251$1,007,690$1,473,234
48$1,951,034$1,173,363$1,000,854$1,538,261
49$2,108,167$1,188,985$992,510$1,608,237
50$2,280,009$1,204,054$982,568$1,683,654
51$2,468,017$1,218,500$970,932$1,765,057
52$2,673,800$1,232,251$957,502$1,853,048
53$2,899,124$1,245,228$942,176$1,948,292
54$3,145,939$1,257,348$924,842$2,051,523
55$3,416,388$1,268,522$905,388$2,163,553
56$3,712,834$1,278,654$883,693$2,285,277
57$4,037,879$1,287,644$859,633$2,417,687
58$4,394,388$1,295,384$833,076$2,561,875
59$4,785,518$1,301,760$803,886$2,719,048
60$5,214,744$1,306,649$771,919$2,890,540
61$5,685,896$1,309,923$737,027$3,077,824
62$6,203,191$1,311,444$699,051$3,282,525
63$6,771,277$1,311,065$657,830$3,506,439
64$7,395,272$1,308,631$613,191$3,751,548
65$8,080,813$1,303,978$564,957$4,020,040
66$8,834,114$1,296,931$512,941$4,314,329
67$9,662,016$1,287,303$456,947$4,637,084
68$10,572,060$1,274,898$396,773$4,991,247
69$11,572,550$1,259,509$332,204$5,380,067
70$12,672,637$1,240,912$263,021$5,807,129
71$13,882,404$1,218,874$188,989$6,276,391
72$15,212,957$1,193,147$109,869$6,792,219
73$16,676,535$1,163,467$25,406$7,359,433
74$18,286,621$1,129,557$0$7,983,349
75$20,058,072$1,091,121$0$8,682,268
76$22,007,257$1,047,848$0$9,456,247
77$24,152,212$999,407$0$10,307,597
78$26,512,808$945,449$0$11,244,258
79$29,110,944$885,604$0$12,274,983
80$31,970,744$819,483$0$13,409,424
81$35,118,795$746,673$0$14,658,225
82$38,584,388$666,736$0$16,033,124
83$42,399,802$579,212$0$17,547,064
84$46,600,601$483,613$0$19,214,315
85$51,225,977$379,424$0$21,050,614
86$56,319,112$266,102$0$23,073,311
87$61,927,592$143,071$0$25,301,536
88$68,103,851$9,726$0$27,756,383
89$74,905,667$0$0$30,461,107
90$82,396,708$0$0$33,507,987
91$90,647,130$0$0$36,869,228
92$99,734,244$0$0$40,571,534
93$109,743,238$0$0$44,649,637
94$120,767,987$0$0$49,141,810
95$132,911,934$0$0$54,090,230
96$146,289,071$0$0$59,541,370
97$161,025,010$0$0$65,546,446
98$177,258,170$0$0$72,161,893
99$195,141,083$0$0$79,449,901
100$214,841,835$0$0$87,479,002