Can I retire at age 40 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$79,358$78,652$77,962$77,289$76,631$74,357
2 years$39,286$38,555$37,846$37,158$36,491$34,219
3 years$25,931$25,196$24,489$23,808$23,152$20,952
4 years$19,254$18,522$17,821$17,152$16,512$14,402
5 years$15,249$14,521$13,830$13,174$12,552$10,538
6 years$12,580$11,858$11,177$10,536$9,932$8,015
7 years$10,675$9,958$9,288$8,662$8,077$6,258
8 years$9,246$8,536$7,877$7,266$6,701$4,978
9 years$8,135$7,432$6,784$6,189$5,643$4,015
10 years$7,248$6,551$5,915$5,335$4,808$3,272
11 years$6,522$5,832$5,207$4,643$4,135$2,689
12 years$5,917$5,234$4,621$4,073$3,584$2,223
13 years$5,406$4,730$4,129$3,596$3,125$1,848
14 years$4,968$4,300$3,710$3,192$2,739$1,543
15 years$4,589$3,928$3,349$2,847$2,412$1,293
16 years$4,258$3,604$3,037$2,549$2,132$1,086
17 years$3,966$3,319$2,763$2,290$1,890$914
18 years$3,706$3,067$2,523$2,064$1,681$771
19 years$3,474$2,842$2,309$1,865$1,498$652
20 years$3,266$2,641$2,119$1,689$1,338$552
21 years$3,078$2,460$1,949$1,533$1,197$467
22 years$2,907$2,297$1,797$1,394$1,073$396
23 years$2,751$2,148$1,659$1,269$963$336
24 years$2,609$2,012$1,534$1,158$866$286
25 years$2,478$1,889$1,421$1,057$779$243
26 years$2,357$1,775$1,318$967$702$206
27 years$2,245$1,670$1,224$885$633$175
28 years$2,142$1,574$1,138$811$571$149
29 years$2,046$1,485$1,059$743$516$127
30 years$1,956$1,402$986$682$466$108
31 years$1,873$1,326$919$627$421$92
32 years$1,794$1,254$858$576$381$78
33 years$1,721$1,188$801$530$345$67
34 years$1,652$1,126$748$487$312$57
35 years$1,587$1,068$700$449$283$48
36 years$1,526$1,014$654$413$256$41
37 years$1,469$963$613$381$232$35
38 years$1,414$915$574$351$211$30
39 years$1,363$870$537$323$191$26
40 years$1,314$828$504$298$173$22
41 years$1,268$788$472$275$157$19
42 years$1,223$750$443$254$143$16
43 years$1,182$715$416$235$129$13
44 years$1,142$681$390$217$117$11
45 years$1,104$650$366$200$107$10
46 years$1,068$620$344$185$97$8
47 years$1,033$592$323$171$88$7
48 years$1,000$565$304$158$80$6
49 years$968$539$286$146$72$5
50 years$938$515$269$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $961,000, adding $5,137 every year, while hoping to spend $35,326 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: 33/45/22 Blend
39$961,000$961,000$961,000$961,000
40$1,064,321$1,013,388$998,492$1,092,114
41$1,135,295$1,025,457$994,355$1,125,386
42$1,212,324$1,036,934$988,896$1,157,649
43$1,295,990$1,047,752$982,032$1,191,698
44$1,386,929$1,057,840$973,678$1,227,711
45$1,485,845$1,067,123$963,745$1,265,889
46$1,593,510$1,075,521$952,140$1,306,452
47$1,710,774$1,082,948$938,762$1,349,648
48$1,838,573$1,089,312$923,511$1,395,750
49$1,977,936$1,094,517$906,277$1,445,062
50$2,129,997$1,098,460$886,949$1,497,923
51$2,296,003$1,101,031$865,408$1,554,707
52$2,477,327$1,102,113$841,531$1,615,831
53$2,675,481$1,101,583$815,189$1,681,757
54$2,892,128$1,099,309$786,246$1,752,998
55$3,129,102$1,095,152$754,562$1,830,121
56$3,388,419$1,088,964$719,989$1,913,757
57$3,672,302$1,080,587$682,372$2,004,606
58$3,983,196$1,069,854$641,551$2,103,440
59$4,323,795$1,056,590$597,356$2,211,119
60$4,697,066$1,040,607$549,611$2,328,593
61$5,106,276$1,021,707$498,133$2,456,914
62$5,555,024$999,678$442,728$2,597,249
63$6,047,274$974,300$383,197$2,750,888
64$6,587,391$945,335$319,329$2,919,260
65$7,180,183$912,535$250,905$3,103,947
66$7,830,948$875,635$177,696$3,306,697
67$8,545,520$834,357$99,464$3,529,447
68$9,330,326$788,404$15,960$3,774,339
69$10,192,448$737,464$0$4,043,740
70$11,139,684$681,206$0$4,357,442
71$12,180,628$619,282$0$4,706,282
72$13,324,746$551,321$0$5,089,777
73$14,582,468$476,933$0$5,511,537
74$15,965,283$395,706$0$5,975,544
75$17,485,851$307,204$0$6,486,195
76$19,158,117$210,967$0$7,048,344
77$20,997,450$106,509$0$7,667,350
78$23,020,778$0$0$8,349,127
79$25,246,756$0$0$9,103,512
80$27,695,936$0$0$9,991,732
81$30,390,963$0$0$10,969,280
82$33,356,790$0$0$12,045,228
83$36,620,909$0$0$13,229,570
84$40,213,612$0$0$14,533,321
85$44,168,278$0$0$15,968,616
86$48,521,685$0$0$17,548,827
87$53,314,360$0$0$19,288,689
88$58,590,956$0$0$21,204,439
89$64,400,679$0$0$23,313,966
90$70,797,748$0$0$25,636,985
91$77,841,906$0$0$28,195,220
92$85,598,985$0$0$31,012,607
93$94,141,529$0$0$34,115,525
94$103,549,473$0$0$37,533,038
95$113,910,900$0$0$41,297,176
96$125,322,874$0$0$45,443,233
97$137,892,350$0$0$50,010,101
98$151,737,189$0$0$55,040,636
99$166,987,266$0$0$60,582,066
100$183,785,696$0$0$66,686,431