Can I retire at age 40 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$79,524$78,815$78,124$77,450$76,791$75,241
2 years$39,368$38,635$37,924$37,235$36,567$35,012
3 years$25,985$25,248$24,540$23,857$23,200$21,688
4 years$19,294$18,560$17,859$17,188$16,546$15,090
5 years$15,281$14,551$13,859$13,202$12,578$11,181
6 years$12,607$11,882$11,200$10,558$9,953$8,617
7 years$10,697$9,979$9,307$8,680$8,094$6,820
8 years$9,265$8,554$7,893$7,281$6,715$5,501
9 years$8,152$7,447$6,799$6,202$5,655$4,502
10 years$7,263$6,565$5,927$5,346$4,818$3,724
11 years$6,535$5,844$5,218$4,653$4,144$3,107
12 years$5,929$5,245$4,631$4,081$3,591$2,610
13 years$5,417$4,740$4,137$3,603$3,131$2,205
14 years$4,978$4,309$3,718$3,198$2,745$1,872
15 years$4,598$3,936$3,356$2,852$2,417$1,594
16 years$4,266$3,611$3,043$2,554$2,136$1,362
17 years$3,974$3,326$2,769$2,295$1,894$1,167
18 years$3,714$3,073$2,528$2,068$1,684$1,002
19 years$3,482$2,848$2,314$1,869$1,501$862
20 years$3,273$2,647$2,124$1,692$1,341$743
21 years$3,084$2,465$1,953$1,536$1,200$641
22 years$2,913$2,301$1,800$1,397$1,075$554
23 years$2,757$2,152$1,662$1,272$965$479
24 years$2,614$2,017$1,537$1,160$868$415
25 years$2,483$1,893$1,424$1,059$781$359
26 years$2,362$1,779$1,321$969$703$311
27 years$2,250$1,674$1,226$887$634$270
28 years$2,146$1,577$1,140$812$572$234
29 years$2,050$1,488$1,061$745$517$203
30 years$1,960$1,405$988$684$467$177
31 years$1,876$1,328$921$628$422$153
32 years$1,798$1,257$860$577$382$133
33 years$1,725$1,190$803$531$346$116
34 years$1,656$1,128$750$488$313$101
35 years$1,591$1,070$701$449$283$87
36 years$1,529$1,016$656$414$257$76
37 years$1,472$965$614$381$233$66
38 years$1,417$917$575$352$211$58
39 years$1,366$872$539$324$191$50
40 years$1,317$829$505$299$174$44
41 years$1,270$790$473$276$157$38
42 years$1,226$752$444$255$143$33
43 years$1,184$716$417$235$130$29
44 years$1,144$683$391$217$118$25
45 years$1,106$651$367$200$107$22
46 years$1,070$621$345$185$97$19
47 years$1,035$593$324$171$88$16
48 years$1,002$566$305$158$80$14
49 years$971$540$286$146$73$12
50 years$940$516$269$135$66$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $963,000, adding $5,409 every year, while hoping to spend $54,723 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: 34/47/19 Blend
39$963,000$963,000$963,000$963,000
40$1,066,805$1,015,766$1,000,840$1,096,686
41$1,117,395$1,007,314$976,143$1,110,713
42$1,171,310$996,614$948,785$1,120,383
43$1,228,833$983,497$918,619$1,129,667
44$1,290,272$967,786$885,490$1,138,560
45$1,355,964$949,292$849,239$1,147,066
46$1,426,281$927,816$809,697$1,155,193
47$1,501,628$903,146$766,688$1,162,953
48$1,582,452$875,058$720,030$1,170,367
49$1,669,241$843,314$669,530$1,177,464
50$1,762,532$807,665$614,987$1,184,282
51$1,862,914$767,844$556,193$1,190,871
52$1,971,034$723,571$492,928$1,197,291
53$2,087,602$674,549$424,964$1,203,616
54$2,213,399$620,464$352,062$1,209,940
55$2,349,283$560,983$273,973$1,216,369
56$2,496,195$495,757$190,437$1,223,033
57$2,655,172$424,415$101,182$1,230,085
58$2,827,353$346,564$5,924$1,237,703
59$3,013,988$261,790$0$1,246,093
60$3,216,455$169,658$0$1,274,903
61$3,436,267$69,705$0$1,307,545
62$3,675,089$0$0$1,343,200
63$3,934,754$0$0$1,402,240
64$4,217,276$0$0$1,505,826
65$4,524,872$0$0$1,618,736
66$4,859,982$0$0$1,741,881
67$5,225,291$0$0$1,876,265
68$5,623,754$0$0$2,022,992
69$6,058,622$0$0$2,183,279
70$6,533,476$0$0$2,358,464
71$7,052,257$0$0$2,550,021
72$7,619,303$0$0$2,759,574
73$8,239,391$0$0$2,988,909
74$8,917,780$0$0$3,239,994
75$9,660,261$0$0$3,514,995
76$10,473,209$0$0$3,816,298
77$11,363,649$0$0$4,146,532
78$12,339,311$0$0$4,508,591
79$13,408,713$0$0$4,905,661
80$14,581,233$0$0$5,341,254
81$15,867,204$0$0$5,819,237
82$17,278,001$0$0$6,343,869
83$18,826,159$0$0$6,919,843
84$20,525,482$0$0$7,552,326
85$22,391,175$0$0$8,247,012
86$24,439,991$0$0$9,010,173
87$26,690,380$0$0$9,848,718
88$29,162,671$0$0$10,770,260
89$31,879,257$0$0$11,783,183
90$34,864,807$0$0$12,896,727
91$38,146,499$0$0$14,121,069
92$41,754,278$0$0$15,467,424
93$45,721,129$0$0$16,948,146
94$50,083,399$0$0$18,576,848
95$54,881,131$0$0$20,368,528
96$60,158,441$0$0$22,339,709
97$65,963,939$0$0$24,508,599
98$72,351,182$0$0$26,895,258
99$79,379,180$0$0$29,521,789
100$87,112,951$0$0$32,412,549