Can I retire at age 40 with 973,000?

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 $973,000?

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$80,349$79,634$78,935$78,254$77,588$75,286
2 years$39,777$39,036$38,318$37,622$36,947$34,646
3 years$26,255$25,511$24,794$24,105$23,441$21,214
4 years$19,495$18,753$18,044$17,366$16,718$14,582
5 years$15,440$14,703$14,003$13,339$12,709$10,670
6 years$12,737$12,006$11,316$10,667$10,056$8,116
7 years$10,808$10,082$9,404$8,770$8,178$6,336
8 years$9,361$8,642$7,975$7,357$6,785$5,040
9 years$8,237$7,525$6,869$6,267$5,714$4,065
10 years$7,338$6,633$5,989$5,402$4,868$3,313
11 years$6,603$5,905$5,272$4,701$4,187$2,722
12 years$5,991$5,300$4,679$4,124$3,628$2,251
13 years$5,473$4,789$4,180$3,641$3,164$1,872
14 years$5,030$4,353$3,756$3,232$2,773$1,562
15 years$4,646$3,977$3,391$2,882$2,442$1,309
16 years$4,311$3,649$3,075$2,581$2,158$1,099
17 years$4,015$3,360$2,798$2,319$1,914$926
18 years$3,752$3,105$2,554$2,090$1,702$781
19 years$3,518$2,878$2,338$1,888$1,517$660
20 years$3,307$2,674$2,146$1,710$1,355$559
21 years$3,116$2,491$1,974$1,552$1,212$473
22 years$2,943$2,325$1,819$1,411$1,087$401
23 years$2,786$2,175$1,680$1,285$975$340
24 years$2,641$2,038$1,553$1,172$877$289
25 years$2,509$1,912$1,439$1,070$789$246
26 years$2,386$1,797$1,334$979$711$209
27 years$2,273$1,691$1,239$896$641$178
28 years$2,169$1,594$1,152$821$578$151
29 years$2,071$1,503$1,072$753$522$129
30 years$1,981$1,420$998$691$472$110
31 years$1,896$1,342$931$634$426$93
32 years$1,817$1,270$868$583$386$79
33 years$1,743$1,203$811$536$349$68
34 years$1,673$1,140$758$493$316$58
35 years$1,607$1,081$708$454$286$49
36 years$1,545$1,026$663$418$259$42
37 years$1,487$975$620$385$235$36
38 years$1,432$926$581$355$213$30
39 years$1,380$881$544$328$193$26
40 years$1,330$838$510$302$175$22
41 years$1,283$798$478$279$159$19
42 years$1,239$760$449$257$144$16
43 years$1,196$724$421$237$131$14
44 years$1,156$690$395$219$119$12
45 years$1,118$658$371$202$108$10
46 years$1,081$628$348$187$98$8
47 years$1,046$599$327$173$89$7
48 years$1,013$572$308$160$81$6
49 years$981$546$289$148$73$5
50 years$950$522$272$136$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $973,000, adding $5,095 every year, while hoping to spend $50,441 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: 37/46/17 Blend
39$973,000$973,000$973,000$973,000
40$1,077,501$1,025,932$1,010,851$1,111,649
41$1,133,738$1,022,534$991,046$1,133,347
42$1,194,020$1,017,279$968,886$1,151,608
43$1,258,706$1,010,023$944,241$1,170,267
44$1,328,193$1,000,612$916,971$1,189,386
45$1,402,911$988,884$886,932$1,209,037
46$1,483,336$974,668$853,973$1,229,306
47$1,569,991$957,782$817,936$1,250,288
48$1,663,449$938,031$778,655$1,272,097
49$1,764,338$915,213$735,958$1,294,860
50$1,873,352$889,109$689,663$1,318,723
51$1,991,250$859,492$639,583$1,343,851
52$2,118,869$826,118$585,520$1,370,436
53$2,257,126$788,731$527,268$1,398,691
54$2,407,034$747,059$464,612$1,428,859
55$2,569,701$700,815$397,327$1,461,216
56$2,746,351$649,695$325,178$1,496,072
57$2,938,328$593,379$247,920$1,533,777
58$3,147,109$531,526$165,297$1,574,726
59$3,374,321$463,779$77,042$1,619,361
60$3,621,755$389,757$0$1,668,182
61$3,891,379$309,060$0$1,724,855
62$4,185,362$221,266$0$1,802,015
63$4,506,088$125,927$0$1,886,427
64$4,856,184$22,573$0$1,978,936
65$5,238,539$0$0$2,080,477
66$5,656,336$0$0$2,237,296
67$6,113,078$0$0$2,421,354
68$6,612,620$0$0$2,622,795
69$7,159,210$0$0$2,843,348
70$7,757,524$0$0$3,084,918
71$8,412,710$0$0$3,349,603
72$9,130,438$0$0$3,639,711
73$9,916,953$0$0$3,957,785
74$10,779,132$0$0$4,306,629
75$11,724,549$0$0$4,689,327
76$12,761,545$0$0$5,109,277
77$13,899,309$0$0$5,570,225
78$15,147,962$0$0$6,076,293
79$16,518,651$0$0$6,632,023
80$18,023,657$0$0$7,242,421
81$19,676,507$0$0$7,912,998
82$21,492,103$0$0$8,649,827
83$23,486,860$0$0$9,459,598
84$25,678,862$0$0$10,349,682
85$28,088,034$0$0$11,328,198
86$30,736,324$0$0$12,404,092
87$33,647,914$0$0$13,587,222
88$36,849,446$0$0$14,888,444
89$40,370,271$0$0$16,319,724
90$44,242,729$0$0$17,894,243
91$48,502,451$0$0$19,626,526
92$53,188,693$0$0$21,532,573
93$58,344,710$0$0$23,630,018
94$64,018,161$0$0$25,938,288
95$70,261,555$0$0$28,478,789
96$77,132,753$0$0$31,275,107
97$84,695,505$0$0$34,353,231
98$93,020,056$0$0$37,741,797
99$102,183,809$0$0$41,472,361
100$112,272,049$0$0$45,579,690