Can I retire at age 40 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$80,019$79,306$78,611$77,932$77,269$74,262
2 years$39,613$38,876$38,161$37,467$36,795$33,802
3 years$26,147$25,406$24,692$24,006$23,344$20,459
4 years$19,415$18,676$17,970$17,295$16,649$13,894
5 years$15,376$14,642$13,945$13,284$12,657$10,038
6 years$12,685$11,956$11,270$10,623$10,015$7,535
7 years$10,764$10,041$9,365$8,734$8,145$5,803
8 years$9,323$8,607$7,943$7,327$6,757$4,551
9 years$8,203$7,494$6,841$6,241$5,690$3,617
10 years$7,308$6,606$5,964$5,380$4,848$2,903
11 years$6,576$5,880$5,251$4,682$4,170$2,349
12 years$5,966$5,278$4,660$4,107$3,613$1,912
13 years$5,451$4,770$4,163$3,626$3,151$1,564
14 years$5,009$4,336$3,741$3,218$2,762$1,284
15 years$4,627$3,961$3,377$2,870$2,432$1,057
16 years$4,293$3,634$3,062$2,570$2,149$873
17 years$3,999$3,347$2,786$2,309$1,906$722
18 years$3,737$3,092$2,544$2,081$1,695$598
19 years$3,503$2,866$2,329$1,880$1,510$497
20 years$3,293$2,663$2,137$1,703$1,349$413
21 years$3,104$2,481$1,966$1,546$1,207$343
22 years$2,931$2,316$1,812$1,405$1,082$285
23 years$2,774$2,166$1,673$1,280$971$238
24 years$2,630$2,029$1,547$1,167$873$198
25 years$2,498$1,904$1,433$1,066$786$165
26 years$2,377$1,790$1,329$975$708$138
27 years$2,264$1,684$1,234$892$638$115
28 years$2,160$1,587$1,147$817$576$96
29 years$2,063$1,497$1,068$750$520$80
30 years$1,972$1,414$994$688$470$67
31 years$1,888$1,337$927$632$425$56
32 years$1,809$1,265$865$581$384$47
33 years$1,735$1,198$808$534$348$39
34 years$1,666$1,135$755$491$315$32
35 years$1,601$1,077$705$452$285$27
36 years$1,539$1,022$660$417$258$23
37 years$1,481$971$618$384$234$19
38 years$1,426$922$578$354$212$16
39 years$1,374$877$542$326$192$13
40 years$1,325$835$508$301$175$11
41 years$1,278$794$476$278$158$9
42 years$1,234$757$447$256$144$8
43 years$1,191$721$419$236$130$6
44 years$1,151$687$394$218$118$5
45 years$1,113$655$370$202$107$4
46 years$1,077$625$347$186$98$4
47 years$1,042$597$326$172$89$3
48 years$1,008$569$306$159$80$3
49 years$977$544$288$147$73$2
50 years$946$519$271$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $969,000, adding $3,385 every year, while hoping to spend $29,875 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: 51/26/23 Blend
39$969,000$969,000$969,000$969,000
40$1,071,330$1,019,973$1,004,953$1,118,925
41$1,148,818$1,038,165$1,006,832$1,170,440
42$1,233,210$1,056,247$1,007,773$1,223,098
43$1,325,176$1,074,182$1,007,713$1,279,737
44$1,425,458$1,091,930$1,006,585$1,340,747
45$1,534,870$1,109,450$1,004,320$1,406,558
46$1,654,308$1,126,694$1,000,846$1,477,645
47$1,784,759$1,143,614$996,087$1,554,529
48$1,927,311$1,160,157$989,962$1,637,789
49$2,083,158$1,176,267$982,387$1,728,062
50$2,253,619$1,191,883$973,276$1,826,051
51$2,440,143$1,206,940$962,536$1,932,531
52$2,644,328$1,221,370$950,070$2,048,358
53$2,867,931$1,235,098$935,779$2,174,476
54$3,112,888$1,248,047$919,556$2,311,928
55$3,381,333$1,260,131$901,291$2,461,862
56$3,675,613$1,271,262$880,869$2,625,547
57$3,998,315$1,281,344$858,168$2,804,381
58$4,352,289$1,290,275$833,062$2,999,908
59$4,740,671$1,297,947$805,418$3,213,832
60$5,166,919$1,304,246$775,099$3,448,029
61$5,634,839$1,309,048$741,959$3,704,572
62$6,148,624$1,312,223$705,847$3,985,747
63$6,712,896$1,313,634$666,604$4,294,075
64$7,332,742$1,313,133$624,066$4,632,336
65$8,013,769$1,310,564$578,060$5,003,598
66$8,762,153$1,305,761$528,405$5,411,244
67$9,584,698$1,298,549$474,912$5,859,006
68$10,488,900$1,288,740$417,384$6,350,999
69$11,483,018$1,276,138$355,616$6,891,761
70$12,576,149$1,260,533$289,393$7,486,297
71$13,778,318$1,241,701$218,490$8,140,128
72$15,100,570$1,219,408$142,672$8,859,342
73$16,555,073$1,193,403$61,696$9,650,651
74$18,155,233$1,163,423$0$10,521,456
75$19,915,824$1,129,188$0$11,485,989
76$21,853,121$1,090,401$0$12,563,735
77$23,985,057$1,046,748$0$13,749,530
78$26,331,393$997,899$0$15,054,389
79$28,913,900$943,501$0$16,490,452
80$31,756,570$883,185$0$18,071,101
81$34,885,835$816,556$0$19,811,084
82$38,330,824$743,201$0$21,726,658
83$42,123,631$662,680$0$23,835,739
84$46,299,620$574,530$0$26,158,078
85$50,897,760$478,261$0$28,715,441
86$55,960,992$373,356$0$31,531,819
87$61,536,630$259,268$0$34,633,655
88$67,676,814$135,420$0$38,050,093
89$74,438,995$1,201$0$41,813,257
90$81,886,481$0$0$45,958,549
91$90,089,035$0$0$50,566,200
92$99,123,528$0$0$55,641,698
93$109,074,670$0$0$61,232,306
94$120,035,805$0$0$67,390,484
95$132,109,795$0$0$74,174,038
96$145,409,988$0$0$81,646,672
97$160,061,287$0$0$89,878,581
98$176,201,333$0$0$98,947,119
99$193,981,798$0$0$108,937,527
100$213,569,820$0$0$119,943,737