Can I retire at age 40 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$80,597$79,879$79,179$78,495$77,828$75,306
2 years$39,900$39,156$38,436$37,738$37,061$34,544
3 years$26,336$25,589$24,871$24,179$23,513$21,080
4 years$19,555$18,811$18,100$17,420$16,770$14,439
5 years$15,487$14,748$14,046$13,380$12,748$10,526
6 years$12,777$12,043$11,351$10,700$10,087$7,976
7 years$10,841$10,113$9,433$8,797$8,203$6,202
8 years$9,390$8,669$8,000$7,380$6,806$4,913
9 years$8,262$7,548$6,890$6,286$5,731$3,946
10 years$7,361$6,653$6,007$5,418$4,883$3,202
11 years$6,623$5,923$5,289$4,716$4,200$2,619
12 years$6,009$5,316$4,693$4,136$3,639$2,156
13 years$5,490$4,804$4,193$3,652$3,174$1,784
14 years$5,046$4,367$3,768$3,242$2,782$1,482
15 years$4,661$3,989$3,402$2,891$2,450$1,235
16 years$4,324$3,660$3,084$2,589$2,165$1,032
17 years$4,027$3,371$2,806$2,326$1,920$865
18 years$3,764$3,115$2,562$2,096$1,707$726
19 years$3,529$2,887$2,345$1,894$1,521$610
20 years$3,317$2,682$2,152$1,715$1,359$514
21 years$3,126$2,499$1,980$1,557$1,216$433
22 years$2,952$2,332$1,825$1,415$1,090$365
23 years$2,794$2,181$1,685$1,289$978$308
24 years$2,649$2,044$1,558$1,176$879$260
25 years$2,516$1,918$1,443$1,074$791$220
26 years$2,394$1,803$1,338$982$713$186
27 years$2,280$1,697$1,243$899$643$157
28 years$2,175$1,599$1,155$823$580$133
29 years$2,078$1,508$1,075$755$524$112
30 years$1,987$1,424$1,002$693$473$95
31 years$1,902$1,346$934$636$428$81
32 years$1,822$1,274$871$585$387$68
33 years$1,748$1,206$813$538$350$58
34 years$1,678$1,143$760$495$317$49
35 years$1,612$1,085$711$456$287$41
36 years$1,550$1,029$665$420$260$35
37 years$1,492$978$622$387$236$30
38 years$1,436$929$583$356$214$25
39 years$1,384$884$546$329$194$21
40 years$1,334$841$512$303$176$18
41 years$1,287$800$480$280$160$15
42 years$1,243$762$450$258$145$13
43 years$1,200$726$422$238$131$11
44 years$1,160$692$396$220$119$9
45 years$1,121$660$372$203$108$8
46 years$1,084$630$350$188$98$7
47 years$1,049$601$328$173$89$6
48 years$1,016$574$309$160$81$5
49 years$984$548$290$148$74$4
50 years$953$523$273$137$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $976,000, adding $3,831 every year, while hoping to spend $43,586 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: 46/30/24 Blend
39$976,000$976,000$976,000$976,000
40$1,079,504$1,027,776$1,012,648$1,121,565
41$1,143,238$1,031,762$1,000,196$1,155,545
42$1,212,012$1,034,482$985,867$1,187,811
43$1,286,295$1,035,829$969,551$1,221,948
44$1,366,600$1,035,687$951,133$1,258,152
45$1,453,492$1,033,935$930,496$1,296,641
46$1,547,594$1,030,444$907,513$1,337,659
47$1,649,589$1,025,076$882,055$1,381,477
48$1,760,228$1,017,685$853,984$1,428,396
49$1,880,336$1,008,117$823,158$1,478,751
50$2,010,824$996,208$789,427$1,532,914
51$2,152,690$981,784$752,635$1,591,298
52$2,307,034$964,662$712,618$1,654,363
53$2,475,067$944,645$669,206$1,722,618
54$2,658,119$921,529$622,221$1,796,629
55$2,857,657$895,093$571,475$1,877,025
56$3,075,293$865,107$516,774$1,964,501
57$3,312,801$831,326$457,914$2,059,831
58$3,572,136$793,490$394,683$2,163,869
59$3,855,448$751,325$326,859$2,277,565
60$4,165,104$704,541$254,210$2,401,971
61$4,503,713$652,831$176,493$2,538,252
62$4,874,143$595,871$93,457$2,687,698
63$5,279,555$533,318$4,838$2,851,738
64$5,723,429$464,810$0$3,031,954
65$6,209,596$389,964$0$3,253,077
66$6,742,278$308,376$0$3,496,879
67$7,326,122$219,617$0$3,764,343
68$7,966,246$123,237$0$4,057,920
69$8,668,287$18,760$0$4,380,318
70$9,438,455$0$0$4,734,525
71$10,283,590$0$0$5,154,977
72$11,211,224$0$0$5,623,387
73$12,229,656$0$0$6,137,767
74$13,348,028$0$0$6,702,748
75$14,576,408$0$0$7,323,434
76$15,925,889$0$0$8,005,446
77$17,408,693$0$0$8,754,976
78$19,038,280$0$0$9,578,847
79$20,829,484$0$0$10,484,574
80$22,798,643$0$0$11,480,440
81$24,963,760$0$0$12,575,566
82$27,344,668$0$0$13,780,006
83$29,963,218$0$0$15,104,832
84$32,843,487$0$0$16,562,248
85$36,011,999$0$0$18,165,697
86$39,497,982$0$0$19,929,992
87$43,333,637$0$0$21,871,454
88$47,554,446$0$0$24,008,067
89$52,199,500$0$0$26,359,644
90$57,311,878$0$0$28,948,018
91$62,939,041$0$0$31,797,247
92$69,133,286$0$0$34,933,838
93$75,952,241$0$0$38,387,000
94$83,459,401$0$0$42,188,916
95$91,724,732$0$0$46,375,050
96$100,825,330$0$0$50,984,480
97$110,846,146$0$0$56,060,267
98$121,880,789$0$0$61,649,857
99$134,032,408$0$0$67,805,537
100$147,414,665$0$0$74,584,918