Can I retire at age 40 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$79,771$79,061$78,368$77,691$77,030$76,481
2 years$39,491$38,755$38,043$37,351$36,681$36,127
3 years$26,066$25,327$24,616$23,931$23,272$22,730
4 years$19,354$18,618$17,914$17,241$16,598$16,073
5 years$15,329$14,597$13,902$13,243$12,617$12,111
6 years$12,646$11,919$11,235$10,590$9,984$9,496
7 years$10,730$10,010$9,336$8,707$8,119$7,651
8 years$9,294$8,580$7,918$7,304$6,736$6,287
9 years$8,178$7,471$6,820$6,221$5,673$5,242
10 years$7,285$6,585$5,946$5,363$4,833$4,422
11 years$6,555$5,862$5,234$4,667$4,157$3,764
12 years$5,948$5,262$4,645$4,094$3,602$3,227
13 years$5,434$4,755$4,150$3,614$3,141$2,784
14 years$4,994$4,322$3,729$3,208$2,754$2,414
15 years$4,613$3,948$3,367$2,861$2,424$2,102
16 years$4,280$3,623$3,053$2,562$2,143$1,836
17 years$3,986$3,336$2,778$2,302$1,900$1,609
18 years$3,725$3,083$2,536$2,075$1,689$1,414
19 years$3,493$2,857$2,321$1,874$1,506$1,245
20 years$3,283$2,655$2,130$1,698$1,345$1,099
21 years$3,094$2,473$1,960$1,541$1,204$971
22 years$2,922$2,308$1,806$1,401$1,079$860
23 years$2,766$2,159$1,668$1,276$968$762
24 years$2,622$2,023$1,542$1,164$870$676
25 years$2,490$1,898$1,428$1,063$783$601
26 years$2,369$1,784$1,325$972$706$534
27 years$2,257$1,679$1,230$889$636$475
28 years$2,153$1,582$1,144$815$574$423
29 years$2,056$1,493$1,064$747$518$377
30 years$1,966$1,410$991$686$468$336
31 years$1,882$1,333$924$630$423$299
32 years$1,804$1,261$862$579$383$267
33 years$1,730$1,194$805$532$347$238
34 years$1,661$1,132$752$490$314$213
35 years$1,596$1,073$703$451$284$190
36 years$1,534$1,019$658$415$258$170
37 years$1,476$968$616$383$233$152
38 years$1,422$920$577$353$212$136
39 years$1,370$874$540$325$192$121
40 years$1,321$832$506$300$174$108
41 years$1,274$792$475$277$158$97
42 years$1,230$754$445$255$143$87
43 years$1,188$719$418$236$130$77
44 years$1,148$685$392$218$118$69
45 years$1,110$653$368$201$107$62
46 years$1,073$623$346$186$97$55
47 years$1,038$595$325$172$88$50
48 years$1,005$568$305$159$80$44
49 years$974$542$287$146$73$40
50 years$943$518$270$135$66$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $966,000, adding $5,911 every year, while hoping to spend $24,483 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: 65/24/11 Blend
39$966,000$966,000$966,000$966,000
40$1,070,629$1,019,431$1,004,458$1,137,237
41$1,153,784$1,043,334$1,012,058$1,206,310
42$1,244,599$1,067,587$1,019,091$1,278,334
43$1,343,832$1,092,182$1,025,514$1,356,406
44$1,452,313$1,117,109$1,031,279$1,441,113
45$1,570,958$1,142,357$1,036,337$1,533,104
46$1,700,777$1,167,913$1,040,635$1,633,091
47$1,842,878$1,193,763$1,044,119$1,741,861
48$1,998,486$1,219,892$1,046,731$1,860,279
49$2,168,946$1,246,281$1,048,411$1,989,298
50$2,355,742$1,272,912$1,049,095$2,129,968
51$2,560,506$1,299,763$1,048,718$2,283,446
52$2,785,036$1,326,810$1,047,209$2,451,007
53$3,031,315$1,354,029$1,044,496$2,634,054
54$3,301,524$1,381,391$1,040,501$2,834,137
55$3,598,066$1,408,865$1,035,144$3,052,958
56$3,923,588$1,436,419$1,028,341$3,292,397
57$4,281,007$1,464,017$1,020,004$3,554,523
58$4,673,535$1,491,619$1,010,039$3,841,618
59$5,104,711$1,519,184$998,351$4,156,193
60$5,578,433$1,546,665$984,837$4,501,019
61$6,098,995$1,574,013$969,390$4,879,148
62$6,671,128$1,601,176$951,901$5,293,942
63$7,300,045$1,628,096$932,252$5,749,108
64$7,991,489$1,654,711$910,321$6,248,729
65$8,751,784$1,680,956$885,981$6,797,306
66$9,587,903$1,706,760$859,098$7,399,799
67$10,507,525$1,732,046$829,533$8,061,675
68$11,519,109$1,756,733$797,140$8,788,956
69$12,631,980$1,780,735$761,765$9,588,281
70$13,856,408$1,803,957$723,250$10,466,966
71$15,203,710$1,826,299$681,428$11,433,074
72$16,686,357$1,847,656$636,124$12,495,491
73$18,318,087$1,867,914$587,156$13,664,008
74$20,114,041$1,886,950$534,335$14,949,418
75$22,090,898$1,904,635$477,460$16,363,614
76$24,267,039$1,920,832$416,324$17,919,703
77$26,662,717$1,935,393$350,711$19,632,133
78$29,300,248$1,948,161$280,393$21,516,821
79$32,204,221$1,958,969$205,135$23,591,315
80$35,401,734$1,967,641$124,689$25,874,949
81$38,922,643$1,973,987$38,798$28,389,033
82$42,799,847$1,977,806$0$31,157,054
83$47,069,599$1,978,887$0$34,211,097
84$51,771,847$1,977,002$0$37,578,747
85$56,950,611$1,971,910$0$41,286,914
86$62,654,397$1,963,357$0$45,370,280
87$68,936,656$1,951,072$0$49,867,064
88$75,856,288$1,934,768$0$54,819,382
89$83,478,197$1,914,139$0$60,273,650
90$91,873,905$1,888,864$0$66,281,016
91$101,122,225$1,858,600$0$72,897,848
92$111,310,004$1,822,984$0$80,186,264
93$122,532,947$1,781,632$0$88,214,719
94$134,896,513$1,734,137$0$97,058,653
95$148,516,916$1,680,069$0$106,801,200
96$163,522,221$1,618,972$0$117,533,979
97$180,053,550$1,550,364$0$129,357,952
98$198,266,414$1,473,733$0$142,384,385
99$218,332,183$1,388,541$0$156,735,894
100$240,439,702$1,294,216$0$172,547,605