Can I retire at age 40 with 992,000?

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 $992,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$81,918$81,189$80,477$79,782$79,103$76,911
2 years$40,554$39,798$39,066$38,357$37,668$35,475
3 years$26,767$26,009$25,279$24,576$23,898$21,774
4 years$19,875$19,119$18,396$17,705$17,044$15,005
5 years$15,741$14,990$14,276$13,599$12,957$11,008
6 years$12,986$12,240$11,537$10,876$10,252$8,396
7 years$11,019$10,279$9,588$8,941$8,338$6,574
8 years$9,544$8,811$8,131$7,501$6,917$5,244
9 years$8,398$7,672$7,003$6,389$5,825$4,242
10 years$7,481$6,762$6,106$5,507$4,963$3,468
11 years$6,732$6,020$5,375$4,793$4,269$2,859
12 years$6,108$5,403$4,770$4,204$3,699$2,372
13 years$5,580$4,883$4,262$3,712$3,226$1,979
14 years$5,128$4,439$3,829$3,295$2,828$1,658
15 years$4,737$4,055$3,458$2,938$2,490$1,394
16 years$4,395$3,720$3,135$2,631$2,200$1,175
17 years$4,093$3,426$2,852$2,364$1,951$993
18 years$3,826$3,166$2,604$2,130$1,735$841
19 years$3,587$2,934$2,384$1,925$1,546$713
20 years$3,371$2,726$2,188$1,743$1,381$606
21 years$3,177$2,540$2,012$1,582$1,236$515
22 years$3,001$2,371$1,855$1,439$1,108$439
23 years$2,840$2,217$1,712$1,310$994$374
24 years$2,693$2,077$1,584$1,195$894$319
25 years$2,558$1,950$1,467$1,091$804$272
26 years$2,433$1,832$1,360$998$725$232
27 years$2,318$1,724$1,263$913$653$198
28 years$2,211$1,625$1,174$837$589$169
29 years$2,112$1,533$1,093$767$532$145
30 years$2,019$1,448$1,018$704$481$124
31 years$1,933$1,368$949$647$435$106
32 years$1,852$1,295$885$594$393$90
33 years$1,777$1,226$827$547$356$77
34 years$1,705$1,162$772$503$322$66
35 years$1,639$1,102$722$463$292$57
36 years$1,576$1,046$676$426$264$48
37 years$1,516$994$632$393$240$41
38 years$1,460$944$592$362$217$35
39 years$1,407$898$555$334$197$30
40 years$1,356$854$520$308$179$26
41 years$1,308$813$488$284$162$22
42 years$1,263$775$457$262$147$19
43 years$1,220$738$429$242$134$16
44 years$1,179$703$403$224$121$14
45 years$1,139$671$378$206$110$12
46 years$1,102$640$355$191$100$10
47 years$1,066$611$334$176$91$9
48 years$1,032$583$314$163$82$7
49 years$1,000$557$295$150$75$6
50 years$969$532$277$139$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $992,000, adding $2,162 every year, while hoping to spend $37,023 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: 74/16/10 Blend
39$992,000$992,000$992,000$992,000
40$1,095,414$1,042,838$1,027,462$1,174,313
41$1,167,754$1,054,545$1,022,490$1,238,363
42$1,246,232$1,065,585$1,016,110$1,303,662
43$1,331,435$1,075,885$1,008,237$1,374,169
44$1,424,008$1,085,370$998,780$1,450,389
45$1,524,662$1,093,959$987,644$1,532,879
46$1,634,177$1,101,563$974,730$1,622,250
47$1,753,414$1,108,090$959,935$1,719,178
48$1,883,319$1,113,443$943,149$1,824,406
49$2,024,933$1,117,517$924,259$1,938,754
50$2,179,400$1,120,200$903,146$2,063,125
51$2,347,983$1,121,374$879,686$2,198,516
52$2,532,070$1,120,913$853,748$2,346,023
53$2,733,188$1,118,685$825,195$2,506,857
54$2,953,019$1,114,547$793,885$2,682,351
55$3,193,416$1,108,349$759,670$2,873,975
56$3,456,419$1,099,932$722,393$3,083,349
57$3,744,272$1,089,126$681,891$3,312,259
58$4,059,447$1,075,753$637,994$3,562,673
59$4,404,668$1,059,623$590,524$3,836,763
60$4,782,933$1,040,534$539,296$4,136,920
61$5,197,545$1,018,272$484,115$4,465,782
62$5,652,139$992,612$424,777$4,826,256
63$6,150,722$963,315$361,072$5,221,545
64$6,697,706$930,127$292,778$5,655,184
65$7,297,950$892,781$219,664$6,131,065
66$7,956,806$850,993$141,488$6,653,483
67$8,680,172$804,463$57,999$7,227,168
68$9,474,541$752,874$0$7,857,338
69$10,347,070$695,890$0$8,553,061
70$11,305,639$633,157$0$9,324,176
71$12,358,932$564,299$0$10,171,508
72$13,516,515$488,922$0$11,102,790
73$14,788,926$406,605$0$12,126,545
74$16,187,775$316,908$0$13,252,168
75$17,725,854$219,362$0$14,490,011
76$19,417,255$113,474$0$15,851,483
77$21,277,504$0$0$17,349,158
78$23,323,710$0$0$18,997,120
79$25,574,719$0$0$20,832,052
80$28,051,299$0$0$22,850,909
81$30,776,331$0$0$25,072,351
82$33,775,026$0$0$27,516,935
83$37,075,162$0$0$30,207,313
84$40,707,347$0$0$33,168,445
85$44,705,306$0$0$36,427,832
86$49,106,201$0$0$40,015,777
87$53,950,976$0$0$43,965,670
88$59,284,751$0$0$48,314,303
89$65,157,240$0$0$53,102,217
90$71,623,225$0$0$58,374,084
91$78,743,068$0$0$64,179,127
92$86,583,285$0$0$70,571,588
93$95,217,169$0$0$77,611,234
94$104,725,485$0$0$85,363,927
95$115,197,229$0$0$93,902,240
96$126,730,467$0$0$103,306,143
97$139,433,264$0$0$113,663,759
98$153,424,699$0$0$125,072,194
99$168,835,992$0$0$137,638,454
100$185,811,738$0$0$151,480,452