Can I retire at age 40 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$79,193$78,488$77,800$77,128$76,472$73,729
2 years$39,205$38,474$37,767$37,081$36,415$33,682
3 years$25,877$25,143$24,438$23,758$23,103$20,465
4 years$19,214$18,483$17,784$17,116$16,477$13,954
5 years$15,218$14,491$13,801$13,147$12,526$10,125
6 years$12,554$11,833$11,154$10,514$9,911$7,634
7 years$10,652$9,937$9,269$8,644$8,061$5,906
8 years$9,227$8,518$7,861$7,251$6,687$4,654
9 years$8,119$7,417$6,770$6,176$5,631$3,717
10 years$7,232$6,537$5,903$5,324$4,798$2,999
11 years$6,508$5,820$5,196$4,634$4,127$2,439
12 years$5,905$5,224$4,612$4,064$3,576$1,995
13 years$5,395$4,721$4,120$3,588$3,118$1,641
14 years$4,958$4,291$3,702$3,185$2,734$1,355
15 years$4,579$3,920$3,342$2,841$2,407$1,122
16 years$4,249$3,596$3,030$2,543$2,127$932
17 years$3,957$3,312$2,758$2,285$1,886$775
18 years$3,698$3,061$2,517$2,059$1,677$646
19 years$3,467$2,836$2,304$1,861$1,495$540
20 years$3,259$2,636$2,115$1,685$1,335$451
21 years$3,071$2,455$1,945$1,530$1,195$377
22 years$2,901$2,292$1,793$1,391$1,071$316
23 years$2,745$2,143$1,655$1,267$961$265
24 years$2,603$2,008$1,531$1,155$864$222
25 years$2,472$1,885$1,418$1,055$778$186
26 years$2,352$1,771$1,315$965$700$156
27 years$2,241$1,667$1,221$883$631$131
28 years$2,137$1,571$1,135$809$570$110
29 years$2,041$1,482$1,056$742$515$93
30 years$1,952$1,399$984$681$465$78
31 years$1,869$1,323$917$625$420$65
32 years$1,791$1,252$856$575$380$55
33 years$1,717$1,185$799$528$344$46
34 years$1,649$1,124$747$486$312$39
35 years$1,584$1,066$698$448$282$33
36 years$1,523$1,011$653$412$256$27
37 years$1,466$961$611$380$232$23
38 years$1,411$913$572$350$210$19
39 years$1,360$868$536$323$190$16
40 years$1,311$826$503$298$173$14
41 years$1,265$786$471$275$157$12
42 years$1,221$749$442$254$142$10
43 years$1,179$713$415$234$129$8
44 years$1,139$680$389$216$117$7
45 years$1,102$649$366$200$106$6
46 years$1,065$619$343$184$97$5
47 years$1,031$590$323$170$88$4
48 years$998$564$303$157$80$3
49 years$966$538$285$145$72$3
50 years$936$514$268$134$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $959,000, adding $2,375 every year, while hoping to spend $36,245 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: 60/21/19 Blend
39$959,000$959,000$959,000$959,000
40$1,059,268$1,008,441$993,576$1,117,450
41$1,128,749$1,019,290$988,297$1,167,937
42$1,204,102$1,029,456$981,625$1,218,785
43$1,285,888$1,038,867$973,478$1,273,433
44$1,374,724$1,047,447$963,764$1,332,254
45$1,471,288$1,055,114$952,393$1,395,662
46$1,576,326$1,061,781$939,265$1,464,111
47$1,690,660$1,067,357$924,278$1,538,104
48$1,815,192$1,071,742$907,327$1,618,197
49$1,950,917$1,074,833$888,298$1,705,000
50$2,098,929$1,076,519$867,075$1,799,191
51$2,260,433$1,076,681$843,534$1,901,515
52$2,436,754$1,075,195$817,549$2,012,798
53$2,629,351$1,071,928$788,985$2,133,947
54$2,839,830$1,066,737$757,701$2,265,966
55$3,069,959$1,059,475$723,552$2,409,964
56$3,321,687$1,049,981$686,383$2,567,162
57$3,597,157$1,038,088$646,034$2,738,911
58$3,898,729$1,023,616$602,338$2,926,697
59$4,229,004$1,006,378$555,121$3,132,166
60$4,590,844$986,172$504,199$3,357,129
61$4,987,401$962,785$449,381$3,603,587
62$5,422,149$935,994$390,468$3,873,748
63$5,898,910$905,561$327,251$4,170,046
64$6,421,898$871,232$259,513$4,495,170
65$6,995,752$832,743$187,027$4,852,082
66$7,625,582$789,810$109,555$5,244,054
67$8,317,017$742,136$26,851$5,674,694
68$9,076,257$689,406$0$6,147,981
69$9,910,133$631,284$0$6,680,754
70$10,826,170$567,420$0$7,272,026
71$11,832,656$497,441$0$7,921,745
72$12,938,724$420,952$0$8,635,862
73$14,154,433$337,539$0$9,420,938
74$15,490,868$246,760$0$10,284,202
75$16,960,238$148,154$0$11,233,627
76$18,575,997$41,228$0$12,277,999
77$20,352,967$0$0$13,427,004
78$22,307,477$0$0$14,708,542
79$24,457,521$0$0$16,128,855
80$26,822,921$0$0$17,691,520
81$29,425,520$0$0$19,410,979
82$32,289,385$0$0$21,303,143
83$35,441,031$0$0$23,385,544
84$38,909,676$0$0$25,677,497
85$42,727,513$0$0$28,200,290
86$46,930,014$0$0$30,977,373
87$51,556,266$0$0$34,034,589
88$56,649,337$0$0$37,400,413
89$62,256,682$0$0$41,106,221
90$68,430,593$0$0$45,186,588
91$75,228,691$0$0$49,679,609
92$82,714,467$0$0$54,627,264
93$90,957,885$0$0$60,075,810
94$100,036,037$0$0$66,076,219
95$110,033,875$0$0$72,684,660
96$121,045,008$0$0$79,963,025
97$133,172,589$0$0$87,979,516
98$146,530,285$0$0$96,809,287
99$161,243,349$0$0$106,535,154
100$177,449,806$0$0$117,248,376