Can I retire at age 40 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$79,111$78,406$77,719$77,048$76,392$75,251
2 years$39,164$38,434$37,727$37,042$36,377$35,230
3 years$25,850$25,117$24,412$23,733$23,079$21,961
4 years$19,194$18,464$17,766$17,098$16,460$15,381
5 years$15,202$14,476$13,787$13,133$12,513$11,475
6 years$12,541$11,821$11,142$10,503$9,901$8,906
7 years$10,641$9,927$9,259$8,635$8,052$7,100
8 years$9,217$8,509$7,852$7,244$6,680$5,771
9 years$8,110$7,409$6,763$6,170$5,626$4,759
10 years$7,225$6,531$5,896$5,319$4,793$3,968
11 years$6,501$5,814$5,191$4,629$4,122$3,338
12 years$5,898$5,218$4,607$4,060$3,572$2,828
13 years$5,389$4,716$4,116$3,584$3,115$2,410
14 years$4,952$4,286$3,698$3,182$2,731$2,063
15 years$4,575$3,916$3,339$2,838$2,404$1,773
16 years$4,244$3,593$3,027$2,541$2,125$1,529
17 years$3,953$3,309$2,755$2,283$1,884$1,323
18 years$3,695$3,057$2,515$2,057$1,675$1,146
19 years$3,464$2,833$2,302$1,859$1,493$996
20 years$3,256$2,633$2,113$1,684$1,334$867
21 years$3,068$2,453$1,943$1,528$1,194$755
22 years$2,898$2,289$1,791$1,389$1,070$659
23 years$2,743$2,141$1,654$1,265$960$576
24 years$2,600$2,006$1,529$1,154$863$503
25 years$2,470$1,883$1,417$1,054$777$440
26 years$2,350$1,769$1,314$964$700$386
27 years$2,238$1,665$1,220$882$631$338
28 years$2,135$1,569$1,134$808$569$296
29 years$2,039$1,480$1,055$741$514$260
30 years$1,950$1,398$983$680$464$228
31 years$1,867$1,322$916$625$420$200
32 years$1,789$1,250$855$574$380$176
33 years$1,716$1,184$798$528$344$155
34 years$1,647$1,122$746$486$311$136
35 years$1,582$1,065$697$447$282$119
36 years$1,522$1,010$652$412$255$105
37 years$1,464$960$611$379$231$92
38 years$1,410$912$572$350$210$81
39 years$1,358$867$536$322$190$71
40 years$1,310$825$502$297$173$63
41 years$1,264$785$471$274$157$55
42 years$1,220$748$442$253$142$49
43 years$1,178$713$414$234$129$43
44 years$1,138$679$389$216$117$38
45 years$1,100$648$365$199$106$33
46 years$1,064$618$343$184$96$29
47 years$1,030$590$322$170$88$26
48 years$997$563$303$157$80$23
49 years$965$538$285$145$72$20
50 years$935$514$268$134$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $958,000, adding $6,632 every year, while hoping to spend $36,680 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: 63/11/26 Blend
39$958,000$958,000$958,000$958,000
40$1,062,557$1,011,783$996,934$1,121,790
41$1,131,910$1,022,333$991,304$1,173,239
42$1,207,109$1,032,171$984,256$1,224,783
43$1,288,709$1,041,222$975,704$1,280,281
44$1,377,325$1,049,410$965,557$1,340,124
45$1,473,630$1,056,649$953,722$1,404,746
46$1,578,367$1,062,851$940,098$1,474,624
47$1,692,351$1,067,921$924,582$1,550,287
48$1,816,480$1,071,759$907,065$1,632,317
49$1,951,744$1,074,258$887,434$1,721,358
50$2,099,229$1,075,304$865,570$1,818,120
51$2,260,132$1,074,776$841,349$1,923,387
52$2,435,771$1,072,545$814,639$2,038,023
53$2,627,596$1,068,476$785,306$2,162,983
54$2,837,203$1,062,424$753,206$2,299,321
55$3,066,351$1,054,235$718,192$2,448,199
56$3,316,974$1,043,748$680,106$2,610,901
57$3,591,202$1,030,789$638,787$2,788,842
58$3,891,383$1,015,176$594,064$2,983,585
59$4,220,100$996,715$545,761$3,196,853
60$4,580,197$975,201$493,691$3,430,548
61$4,974,807$950,416$437,660$3,686,769
62$5,407,383$922,132$377,467$3,967,829
63$5,881,723$890,103$312,899$4,276,283
64$6,402,013$854,073$243,736$4,614,948
65$6,972,864$813,768$169,747$4,986,932
66$7,599,354$768,901$90,691$5,395,661
67$8,287,077$719,166$6,318$5,844,918
68$9,042,194$664,240$0$6,338,872
69$9,871,493$603,783$0$6,905,350
70$10,782,451$537,434$0$7,529,577
71$11,783,304$464,811$0$8,215,475
72$12,883,127$385,513$0$8,969,295
73$14,091,917$299,114$0$9,797,927
74$15,420,687$205,165$0$10,708,967
75$16,881,570$103,192$0$11,710,782
76$18,487,935$0$0$12,812,595
77$20,254,509$0$0$14,025,452
78$22,197,519$0$0$15,373,258
79$24,334,842$0$0$16,855,933
80$26,686,178$0$0$18,487,150
81$29,273,229$0$0$20,281,976
82$32,119,909$0$0$22,257,012
83$35,252,566$0$0$24,430,550
84$38,700,231$0$0$26,822,744
85$42,494,893$0$0$29,455,799
86$46,671,799$0$0$32,354,187
87$51,269,785$0$0$35,544,867
88$56,331,647$0$0$39,057,549
89$61,904,536$0$0$42,924,969
90$68,040,413$0$0$47,183,198
91$74,796,531$0$0$51,871,982
92$82,235,976$0$0$57,035,119
93$90,428,265$0$0$62,720,870
94$99,450,001$0$0$68,982,415
95$109,385,593$0$0$75,878,354
96$120,328,054$0$0$83,473,260
97$132,379,877$0$0$91,838,290
98$145,654,005$0$0$101,051,851
99$160,274,892$0$0$111,200,346
100$176,379,681$0$0$122,378,986