Can I retire at age 40 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$79,854$79,143$78,449$77,771$77,110$74,374
2 years$39,532$38,795$38,082$37,390$36,719$33,992
3 years$26,093$25,353$24,642$23,956$23,296$20,663
4 years$19,374$18,637$17,933$17,259$16,615$14,097
5 years$15,345$14,612$13,917$13,257$12,630$10,233
6 years$12,659$11,932$11,247$10,601$9,994$7,720
7 years$10,741$10,020$9,346$8,716$8,128$5,976
8 years$9,304$8,589$7,926$7,312$6,743$4,712
9 years$8,186$7,478$6,827$6,228$5,678$3,765
10 years$7,293$6,592$5,952$5,369$4,838$3,040
11 years$6,562$5,868$5,240$4,672$4,161$2,474
12 years$5,954$5,267$4,650$4,098$3,606$2,026
13 years$5,440$4,760$4,155$3,618$3,144$1,667
14 years$4,999$4,327$3,733$3,212$2,756$1,377
15 years$4,618$3,952$3,370$2,864$2,427$1,141
16 years$4,284$3,626$3,056$2,565$2,145$948
17 years$3,990$3,340$2,781$2,304$1,902$790
18 years$3,729$3,086$2,538$2,077$1,691$659
19 years$3,496$2,860$2,324$1,876$1,507$551
20 years$3,287$2,658$2,133$1,699$1,346$461
21 years$3,097$2,476$1,962$1,542$1,205$386
22 years$2,925$2,311$1,808$1,402$1,080$323
23 years$2,768$2,161$1,669$1,277$969$271
24 years$2,625$2,025$1,544$1,165$871$228
25 years$2,493$1,900$1,430$1,064$784$191
26 years$2,372$1,786$1,326$973$706$160
27 years$2,259$1,681$1,231$890$637$135
28 years$2,155$1,584$1,145$816$575$113
29 years$2,059$1,494$1,065$748$519$95
30 years$1,968$1,411$992$687$469$80
31 years$1,884$1,334$925$631$424$67
32 years$1,806$1,262$863$579$383$57
33 years$1,732$1,195$806$533$347$48
34 years$1,662$1,133$753$490$314$40
35 years$1,597$1,075$704$451$285$34
36 years$1,536$1,020$659$416$258$28
37 years$1,478$969$616$383$234$24
38 years$1,423$921$577$353$212$20
39 years$1,371$875$541$325$192$17
40 years$1,322$833$507$300$174$14
41 years$1,275$793$475$277$158$12
42 years$1,231$755$446$256$143$10
43 years$1,189$719$418$236$130$8
44 years$1,149$686$393$218$118$7
45 years$1,111$654$369$201$107$6
46 years$1,074$624$346$186$97$5
47 years$1,040$595$325$172$88$4
48 years$1,006$568$306$159$80$4
49 years$975$543$287$147$73$3
50 years$944$518$270$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $967,000, adding $4,421 every year, while hoping to spend $52,559 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: 85/5/10 Blend
39$967,000$967,000$967,000$967,000
40$1,070,194$1,018,943$1,003,955$1,159,231
41$1,123,432$1,012,949$981,665$1,212,076
42$1,180,338$1,004,900$956,867$1,262,557
43$1,241,231$994,639$929,421$1,316,390
44$1,306,462$982,001$899,181$1,373,876
45$1,376,412$966,810$865,995$1,435,351
46$1,451,503$948,881$829,703$1,501,182
47$1,532,197$928,017$790,138$1,571,775
48$1,618,999$904,008$747,126$1,647,574
49$1,712,467$876,634$700,485$1,729,072
50$1,813,211$845,661$650,023$1,816,808
51$1,921,901$810,842$595,542$1,911,377
52$2,039,277$771,914$536,834$2,013,435
53$2,166,146$728,601$473,682$2,123,705
54$2,303,401$680,611$405,858$2,242,981
55$2,452,019$627,632$333,125$2,372,140
56$2,613,077$569,338$255,237$2,512,147
57$2,787,758$505,382$171,934$2,664,066
58$2,977,363$435,400$82,948$2,829,069
59$3,183,323$359,004$0$3,008,448
60$3,407,213$275,785$0$3,204,907
61$3,650,764$185,314$0$3,428,262
62$3,915,881$87,134$0$3,671,412
63$4,204,662$0$0$3,936,298
64$4,519,413$0$0$4,226,110
65$4,862,674$0$0$4,547,415
66$5,237,240$0$0$4,898,036
67$5,646,186$0$0$5,280,854
68$6,092,899$0$0$5,699,040
69$6,581,108$0$0$6,156,088
70$7,114,915$0$0$6,655,839
71$7,698,841$0$0$7,202,529
72$8,337,861$0$0$7,800,816
73$9,037,453$0$0$8,455,832
74$9,803,652$0$0$9,173,230
75$10,643,100$0$0$9,959,231
76$11,563,116$0$0$10,820,690
77$12,571,758$0$0$11,765,154
78$13,677,901$0$0$12,800,938
79$14,891,321$0$0$13,937,197
80$16,222,786$0$0$15,184,018
81$17,684,155$0$0$16,552,509
82$19,288,494$0$0$18,054,907
83$21,050,192$0$0$19,704,692
84$22,985,103$0$0$21,516,713
85$25,110,691$0$0$23,507,328
86$27,446,193$0$0$25,694,557
87$30,012,805$0$0$28,098,251
88$32,833,874$0$0$30,740,283
89$35,935,125$0$0$33,644,745
90$39,344,897$0$0$36,838,185
91$43,094,415$0$0$40,349,849
92$47,218,078$0$0$44,211,959
93$51,753,788$0$0$48,460,016
94$56,743,304$0$0$53,133,135
95$62,232,635$0$0$58,274,415
96$68,272,475$0$0$63,931,338
97$74,918,681$0$0$70,156,225
98$82,232,795$0$0$77,006,723
99$90,282,630$0$0$84,546,350
100$99,142,904$0$0$92,845,095