Can I retire at age 40 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$78,533$77,833$77,151$76,485$75,834$73,911
2 years$38,878$38,154$37,452$36,771$36,111$34,186
3 years$25,661$24,934$24,234$23,560$22,911$21,044
4 years$19,054$18,329$17,636$16,974$16,340$14,546
5 years$15,091$14,370$13,686$13,037$12,421$10,705
6 years$12,449$11,734$11,061$10,426$9,829$8,191
7 years$10,564$9,854$9,191$8,572$7,993$6,436
8 years$9,150$8,447$7,795$7,191$6,631$5,152
9 years$8,051$7,355$6,714$6,125$5,584$4,183
10 years$7,172$6,483$5,853$5,280$4,758$3,433
11 years$6,454$5,771$5,153$4,595$4,092$2,841
12 years$5,855$5,180$4,573$4,030$3,546$2,366
13 years$5,350$4,681$4,086$3,558$3,092$1,982
14 years$4,916$4,255$3,671$3,159$2,711$1,667
15 years$4,541$3,887$3,315$2,817$2,387$1,407
16 years$4,213$3,566$3,005$2,522$2,109$1,192
17 years$3,924$3,284$2,735$2,266$1,870$1,011
18 years$3,668$3,035$2,496$2,042$1,663$860
19 years$3,438$2,813$2,285$1,845$1,482$733
20 years$3,232$2,614$2,097$1,671$1,324$625
21 years$3,046$2,435$1,929$1,517$1,185$534
22 years$2,877$2,273$1,778$1,379$1,062$457
23 years$2,723$2,126$1,642$1,256$953$391
24 years$2,581$1,992$1,518$1,146$857$335
25 years$2,452$1,869$1,406$1,046$771$287
26 years$2,332$1,756$1,304$957$695$246
27 years$2,222$1,653$1,211$876$626$211
28 years$2,120$1,558$1,126$802$565$182
29 years$2,024$1,469$1,048$736$510$156
30 years$1,936$1,388$976$675$461$134
31 years$1,853$1,312$910$620$417$115
32 years$1,776$1,241$849$570$377$99
33 years$1,703$1,176$793$524$341$85
34 years$1,635$1,114$741$482$309$73
35 years$1,571$1,057$692$444$280$63
36 years$1,510$1,003$648$409$254$54
37 years$1,453$953$606$377$230$46
38 years$1,399$905$568$347$208$40
39 years$1,348$861$532$320$189$34
40 years$1,300$819$499$295$171$30
41 years$1,254$780$467$272$155$25
42 years$1,211$743$438$251$141$22
43 years$1,169$707$411$232$128$19
44 years$1,130$674$386$214$116$16
45 years$1,092$643$363$198$105$14
46 years$1,057$613$341$183$96$12
47 years$1,022$585$320$169$87$10
48 years$990$559$301$156$79$9
49 years$958$534$283$144$72$8
50 years$929$510$266$133$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $951,000, adding $3,351 every year, while hoping to spend $52,536 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: 61/34/5 Blend
39$951,000$951,000$951,000$951,000
40$1,051,459$1,001,056$986,315$1,114,537
41$1,102,809$994,209$963,459$1,150,215
42$1,157,637$985,267$938,076$1,182,712
43$1,216,241$974,070$910,027$1,216,810
44$1,278,950$960,451$879,164$1,252,663
45$1,346,122$944,232$845,335$1,290,440
46$1,418,152$925,226$808,380$1,330,332
47$1,495,473$903,231$768,130$1,372,550
48$1,578,560$878,038$724,411$1,417,329
49$1,667,934$849,423$677,040$1,464,931
50$1,764,168$817,149$625,825$1,515,646
51$1,867,890$780,966$570,567$1,569,796
52$1,979,790$740,609$511,057$1,627,743
53$2,100,628$695,798$447,076$1,689,883
54$2,231,236$646,237$378,397$1,756,661
55$2,372,531$591,611$304,783$1,828,568
56$2,525,520$531,591$225,984$1,906,150
57$2,691,310$465,827$141,742$1,990,015
58$2,871,119$393,947$51,785$2,080,834
59$3,066,285$315,563$0$2,179,354
60$3,278,281$230,260$0$2,288,761
61$3,508,726$137,603$0$2,410,715
62$3,759,403$37,132$0$2,543,486
63$4,032,272$0$0$2,688,217
64$4,329,489$0$0$2,872,978
65$4,653,429$0$0$3,089,559
66$5,006,705$0$0$3,325,823
67$5,392,191$0$0$3,583,702
68$5,813,054$0$0$3,865,321
69$6,272,776$0$0$4,173,022
70$6,775,194$0$0$4,509,382
71$7,324,530$0$0$4,877,238
72$7,925,434$0$0$5,279,714
73$8,583,025$0$0$5,720,251
74$9,302,940$0$0$6,202,635
75$10,091,386$0$0$6,731,038
76$10,955,200$0$0$7,310,054
77$11,901,909$0$0$7,944,742
78$12,939,804$0$0$8,640,674
79$14,078,018$0$0$9,403,985
80$15,326,608$0$0$10,241,437
81$16,696,652$0$0$11,160,473
82$18,200,352$0$0$12,169,295
83$19,851,150$0$0$13,276,936
84$21,663,852$0$0$14,493,348
85$23,654,768$0$0$15,829,491
86$25,841,865$0$0$17,297,442
87$28,244,937$0$0$18,910,505
88$30,885,789$0$0$20,683,335
89$33,788,443$0$0$22,632,078
90$36,979,366$0$0$24,774,522
91$40,487,715$0$0$27,130,267
92$44,345,614$0$0$29,720,902
93$48,588,456$0$0$32,570,218
94$53,255,234$0$0$35,704,425
95$58,388,912$0$0$39,152,400
96$64,036,827$0$0$42,945,961
97$70,251,136$0$0$47,120,165
98$77,089,304$0$0$51,713,641
99$84,614,651$0$0$56,768,949
100$92,896,944$0$0$62,332,985