Can I retire at age 40 with 992,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.2%
1 years$81,918$81,189$80,477$79,782$79,103$77,411
2 years$40,554$39,798$39,066$38,357$37,668$35,972
3 years$26,767$26,009$25,279$24,576$23,898$22,250
4 years$19,875$19,119$18,396$17,705$17,044$15,458
5 years$15,741$14,990$14,276$13,599$12,957$11,436
6 years$12,986$12,240$11,537$10,876$10,252$8,799
7 years$11,019$10,279$9,588$8,941$8,338$6,952
8 years$9,544$8,811$8,131$7,501$6,917$5,598
9 years$8,398$7,672$7,003$6,389$5,825$4,573
10 years$7,481$6,762$6,106$5,507$4,963$3,776
11 years$6,732$6,020$5,375$4,793$4,269$3,144
12 years$6,108$5,403$4,770$4,204$3,699$2,636
13 years$5,580$4,883$4,262$3,712$3,226$2,223
14 years$5,128$4,439$3,829$3,295$2,828$1,883
15 years$4,737$4,055$3,458$2,938$2,490$1,600
16 years$4,395$3,720$3,135$2,631$2,200$1,365
17 years$4,093$3,426$2,852$2,364$1,951$1,167
18 years$3,826$3,166$2,604$2,130$1,735$1,000
19 years$3,587$2,934$2,384$1,925$1,546$858
20 years$3,371$2,726$2,188$1,743$1,381$738
21 years$3,177$2,540$2,012$1,582$1,236$635
22 years$3,001$2,371$1,855$1,439$1,108$548
23 years$2,840$2,217$1,712$1,310$994$472
24 years$2,693$2,077$1,584$1,195$894$408
25 years$2,558$1,950$1,467$1,091$804$352
26 years$2,433$1,832$1,360$998$725$305
27 years$2,318$1,724$1,263$913$653$264
28 years$2,211$1,625$1,174$837$589$228
29 years$2,112$1,533$1,093$767$532$198
30 years$2,019$1,448$1,018$704$481$171
31 years$1,933$1,368$949$647$435$148
32 years$1,852$1,295$885$594$393$128
33 years$1,777$1,226$827$547$356$111
34 years$1,705$1,162$772$503$322$97
35 years$1,639$1,102$722$463$292$84
36 years$1,576$1,046$676$426$264$73
37 years$1,516$994$632$393$240$63
38 years$1,460$944$592$362$217$55
39 years$1,407$898$555$334$197$47
40 years$1,356$854$520$308$179$41
41 years$1,308$813$488$284$162$36
42 years$1,263$775$457$262$147$31
43 years$1,220$738$429$242$134$27
44 years$1,179$703$403$224$121$23
45 years$1,139$671$378$206$110$20
46 years$1,102$640$355$191$100$18
47 years$1,066$611$334$176$91$15
48 years$1,032$583$314$163$82$13
49 years$1,000$557$295$150$75$11
50 years$969$532$277$139$68$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $992,000, adding $3,656 every year, while hoping to spend $44,424 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: 63/26/11 Blend
39$992,000$992,000$992,000$992,000
40$1,096,955$1,044,379$1,029,003$1,163,094
41$1,161,578$1,048,287$1,016,208$1,211,688
42$1,231,303$1,050,897$1,001,495$1,259,255
43$1,306,604$1,052,100$984,754$1,310,082
44$1,388,002$1,051,777$965,867$1,364,486
45$1,476,069$1,049,804$944,714$1,422,816
46$1,571,433$1,046,049$921,167$1,485,459
47$1,674,785$1,040,372$895,092$1,552,839
48$1,786,885$1,032,623$866,350$1,625,430
49$1,908,570$1,022,644$834,796$1,703,751
50$2,040,759$1,010,268$800,276$1,788,379
51$2,184,463$995,317$762,631$1,879,948
52$2,340,794$977,604$721,695$1,979,161
53$2,510,976$956,928$677,294$2,086,794
54$2,696,358$933,079$629,244$2,203,704
55$2,898,419$905,833$577,357$2,330,838
56$3,118,793$874,953$521,434$2,469,240
57$3,359,273$840,190$461,265$2,620,066
58$3,621,838$801,278$396,636$2,784,590
59$3,908,661$757,936$327,319$2,964,223
60$4,222,138$709,869$253,078$3,160,517
61$4,564,906$656,762$173,666$3,375,191
62$4,939,867$598,285$88,825$3,610,141
63$5,350,219$534,086$0$3,867,460
64$5,799,481$463,796$0$4,149,660
65$6,291,530$387,023$0$4,470,231
66$6,830,633$303,354$0$4,821,585
67$7,421,491$212,353$0$5,206,868
68$8,069,283$113,557$0$5,629,548
69$8,779,709$6,481$0$6,093,451
70$9,559,051$0$0$6,602,797
71$10,414,225$0$0$7,193,538
72$11,352,852$0$0$7,844,035
73$12,383,325$0$0$8,558,260
74$13,514,890$0$0$9,342,632
75$14,757,730$0$0$10,204,220
76$16,123,067$0$0$11,150,811
77$17,623,259$0$0$12,190,987
78$19,271,924$0$0$13,334,199
79$21,084,061$0$0$14,590,859
80$23,076,199$0$0$15,972,441
81$25,266,543$0$0$17,491,584
82$27,675,155$0$0$19,162,213
83$30,324,135$0$0$20,999,670
84$33,237,834$0$0$23,020,860
85$36,443,080$0$0$25,244,407
86$39,969,433$0$0$27,690,831
87$43,849,463$0$0$30,382,743
88$48,119,055$0$0$33,345,054
89$52,817,749$0$0$36,605,213
90$57,989,112$0$0$40,193,467
91$63,681,149$0$0$44,143,140
92$69,946,754$0$0$48,490,952
93$76,844,209$0$0$53,277,366
94$84,437,736$0$0$58,546,964
95$92,798,098$0$0$64,348,874
96$102,003,271$0$0$70,737,227
97$112,139,173$0$0$77,771,672
98$123,300,482$0$0$85,517,937
99$135,591,522$0$0$94,048,448
100$149,127,252$0$0$103,443,013