Can I retire at age 40 with 977,000?

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 $977,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$80,680$79,961$79,260$78,576$77,907$77,481
2 years$39,940$39,197$38,476$37,777$37,099$36,669
3 years$26,362$25,615$24,896$24,204$23,537$23,117
4 years$19,575$18,830$18,118$17,438$16,787$16,379
5 years$15,503$14,763$14,060$13,394$12,761$12,367
6 years$12,790$12,055$11,363$10,711$10,097$9,718
7 years$10,852$10,124$9,443$8,806$8,212$7,847
8 years$9,400$8,678$8,008$7,387$6,813$6,462
9 years$8,271$7,556$6,897$6,292$5,737$5,401
10 years$7,368$6,660$6,013$5,424$4,888$4,567
11 years$6,630$5,929$5,294$4,721$4,204$3,897
12 years$6,015$5,322$4,698$4,141$3,643$3,350
13 years$5,496$4,809$4,198$3,655$3,177$2,897
14 years$5,051$4,371$3,772$3,245$2,785$2,518
15 years$4,665$3,993$3,405$2,894$2,452$2,199
16 years$4,328$3,664$3,087$2,591$2,167$1,926
17 years$4,032$3,374$2,809$2,328$1,922$1,693
18 years$3,768$3,118$2,565$2,098$1,709$1,492
19 years$3,532$2,890$2,348$1,896$1,523$1,317
20 years$3,321$2,685$2,155$1,717$1,360$1,166
21 years$3,129$2,501$1,982$1,558$1,217$1,034
22 years$2,955$2,335$1,827$1,417$1,091$918
23 years$2,797$2,184$1,687$1,290$979$816
24 years$2,652$2,046$1,560$1,177$880$726
25 years$2,519$1,920$1,445$1,075$792$647
26 years$2,396$1,805$1,340$983$714$577
27 years$2,283$1,698$1,244$900$643$515
28 years$2,178$1,600$1,157$824$580$460
29 years$2,080$1,510$1,076$756$524$411
30 years$1,989$1,426$1,003$694$474$368
31 years$1,904$1,348$935$637$428$329
32 years$1,824$1,275$872$585$387$294
33 years$1,750$1,208$814$538$351$264
34 years$1,680$1,145$761$495$317$236
35 years$1,614$1,086$711$456$287$212
36 years$1,552$1,030$665$420$260$190
37 years$1,493$979$623$387$236$170
38 years$1,438$930$583$357$214$152
39 years$1,385$884$546$329$194$137
40 years$1,336$841$512$303$176$123
41 years$1,289$801$480$280$160$110
42 years$1,244$763$450$258$145$99
43 years$1,201$727$423$238$132$89
44 years$1,161$693$397$220$119$80
45 years$1,122$661$373$203$108$71
46 years$1,085$630$350$188$98$64
47 years$1,050$601$329$173$89$58
48 years$1,017$574$309$160$81$52
49 years$985$548$290$148$74$46
50 years$954$524$273$137$67$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $977,000, adding $5,682 every year, while hoping to spend $29,063 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: 62/27/11 Blend
39$977,000$977,000$977,000$977,000
40$1,082,515$1,030,734$1,015,590$1,146,540
41$1,162,009$1,050,317$1,018,690$1,209,701
42$1,248,637$1,069,886$1,020,919$1,274,762
43$1,343,096$1,089,409$1,022,218$1,345,058
44$1,446,154$1,108,852$1,022,525$1,421,096
45$1,558,654$1,128,178$1,021,772$1,503,435
46$1,681,527$1,147,349$1,019,892$1,592,691
47$1,815,796$1,166,322$1,016,811$1,689,543
48$1,962,587$1,185,051$1,012,453$1,794,740
49$2,123,140$1,203,488$1,006,740$1,909,106
50$2,298,821$1,221,580$999,586$2,033,549
51$2,491,133$1,239,270$990,906$2,169,072
52$2,701,734$1,256,499$980,606$2,316,778
53$2,932,446$1,273,203$968,591$2,477,884
54$3,185,277$1,289,311$954,760$2,653,731
55$3,462,439$1,304,751$939,009$2,845,799
56$3,766,367$1,319,444$921,226$3,055,715
57$4,099,746$1,333,306$901,296$3,285,278
58$4,465,529$1,346,247$879,098$3,536,465
59$4,866,972$1,358,172$854,507$3,811,461
60$5,307,660$1,368,979$827,389$4,112,671
61$5,791,541$1,378,559$797,607$4,442,747
62$6,322,968$1,386,798$765,016$4,804,612
63$6,906,732$1,393,572$729,466$5,201,490
64$7,548,112$1,398,751$690,797$5,636,932
65$8,252,926$1,402,196$648,844$6,114,854
66$9,027,580$1,403,759$603,436$6,639,574
67$9,879,133$1,403,284$554,392$7,215,849
68$10,815,364$1,400,604$501,523$7,848,924
69$11,844,840$1,395,542$444,632$8,544,582
70$12,977,000$1,387,910$383,515$9,309,196
71$14,222,247$1,377,511$317,955$10,149,792
72$15,592,040$1,364,132$247,730$11,074,114
73$17,099,003$1,347,550$172,604$12,090,699
74$18,757,049$1,327,527$92,334$13,208,956
75$20,581,505$1,303,813$6,664$14,439,258
76$22,589,259$1,276,140$0$15,793,039
77$24,798,920$1,244,228$0$17,292,850
78$27,230,991$1,207,777$0$18,944,115
79$29,908,066$1,166,471$0$20,761,397
80$32,855,036$1,119,976$0$22,761,610
81$36,099,332$1,067,937$0$24,963,395
82$39,671,179$1,009,981$0$27,387,295
83$43,603,880$945,711$0$30,055,954
84$47,934,133$874,708$0$32,994,326
85$52,702,376$796,530$0$36,229,914
86$57,953,166$710,708$0$39,793,029
87$63,735,605$616,748$0$43,717,078
88$70,103,795$514,128$0$48,038,879
89$77,117,356$402,294$0$52,799,010
90$84,841,985$280,664$0$58,042,191
91$93,350,073$148,623$0$63,817,710
92$102,721,394$5,518$0$70,179,885
93$113,043,852$0$0$77,188,584
94$124,414,314$0$0$84,954,151
95$136,939,524$0$0$93,510,279
96$150,737,105$0$0$102,935,691
97$165,936,677$0$0$113,318,948
98$182,681,074$0$0$124,757,637
99$201,127,693$0$0$137,359,298
100$221,449,981$0$0$151,242,434