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%17.3%
1 years$81,918$81,189$80,477$79,782$79,103$76,756
2 years$40,554$39,798$39,066$38,357$37,668$35,323
3 years$26,767$26,009$25,279$24,576$23,898$21,628
4 years$19,875$19,119$18,396$17,705$17,044$14,867
5 years$15,741$14,990$14,276$13,599$12,957$10,878
6 years$12,986$12,240$11,537$10,876$10,252$8,274
7 years$11,019$10,279$9,588$8,941$8,338$6,460
8 years$9,544$8,811$8,131$7,501$6,917$5,139
9 years$8,398$7,672$7,003$6,389$5,825$4,144
10 years$7,481$6,762$6,106$5,507$4,963$3,378
11 years$6,732$6,020$5,375$4,793$4,269$2,775
12 years$6,108$5,403$4,770$4,204$3,699$2,295
13 years$5,580$4,883$4,262$3,712$3,226$1,908
14 years$5,128$4,439$3,829$3,295$2,828$1,593
15 years$4,737$4,055$3,458$2,938$2,490$1,334
16 years$4,395$3,720$3,135$2,631$2,200$1,121
17 years$4,093$3,426$2,852$2,364$1,951$944
18 years$3,826$3,166$2,604$2,130$1,735$796
19 years$3,587$2,934$2,384$1,925$1,546$673
20 years$3,371$2,726$2,188$1,743$1,381$569
21 years$3,177$2,540$2,012$1,582$1,236$482
22 years$3,001$2,371$1,855$1,439$1,108$409
23 years$2,840$2,217$1,712$1,310$994$347
24 years$2,693$2,077$1,584$1,195$894$295
25 years$2,558$1,950$1,467$1,091$804$251
26 years$2,433$1,832$1,360$998$725$213
27 years$2,318$1,724$1,263$913$653$181
28 years$2,211$1,625$1,174$837$589$154
29 years$2,112$1,533$1,093$767$532$131
30 years$2,019$1,448$1,018$704$481$112
31 years$1,933$1,368$949$647$435$95
32 years$1,852$1,295$885$594$393$81
33 years$1,777$1,226$827$547$356$69
34 years$1,705$1,162$772$503$322$59
35 years$1,639$1,102$722$463$292$50
36 years$1,576$1,046$676$426$264$43
37 years$1,516$994$632$393$240$36
38 years$1,460$944$592$362$217$31
39 years$1,407$898$555$334$197$26
40 years$1,356$854$520$308$179$22
41 years$1,308$813$488$284$162$19
42 years$1,263$775$457$262$147$16
43 years$1,220$738$429$242$134$14
44 years$1,179$703$403$224$121$12
45 years$1,139$671$378$206$110$10
46 years$1,102$640$355$191$100$9
47 years$1,066$611$334$176$91$7
48 years$1,032$583$314$163$82$6
49 years$1,000$557$295$150$75$5
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 $6,224 every year, while hoping to spend $20,364 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: 54/36/10 Blend
39$992,000$992,000$992,000$992,000
40$1,099,604$1,047,028$1,031,652$1,155,885
41$1,190,097$1,076,665$1,044,545$1,224,396
42$1,289,137$1,107,072$1,057,188$1,296,175
43$1,397,575$1,138,265$1,069,550$1,373,815
44$1,516,348$1,170,260$1,081,600$1,457,878
45$1,646,486$1,203,074$1,093,305$1,548,979
46$1,789,126$1,236,723$1,104,629$1,647,798
47$1,945,519$1,271,224$1,115,535$1,755,080
48$2,117,041$1,306,593$1,125,985$1,871,649
49$2,305,210$1,342,848$1,135,937$1,998,409
50$2,511,698$1,380,004$1,145,347$2,136,357
51$2,738,346$1,418,078$1,154,171$2,286,589
52$2,987,181$1,457,088$1,162,359$2,450,314
53$3,260,437$1,497,049$1,169,862$2,628,863
54$3,560,575$1,537,977$1,176,626$2,823,700
55$3,890,306$1,579,890$1,182,595$3,036,438
56$4,252,615$1,622,803$1,187,710$3,268,856
57$4,650,793$1,666,732$1,191,910$3,522,910
58$5,088,465$1,711,693$1,195,129$3,800,756
59$5,569,622$1,757,700$1,197,300$4,104,770
60$6,098,665$1,804,768$1,198,351$4,437,567
61$6,680,440$1,852,913$1,198,207$4,802,030
62$7,320,287$1,902,148$1,196,789$5,201,333
63$8,024,089$1,952,486$1,194,014$5,638,974
64$8,798,329$2,003,940$1,189,796$6,118,806
65$9,650,148$2,056,523$1,184,044$6,645,076
66$10,587,416$2,110,245$1,176,662$7,222,459
67$11,618,803$2,165,118$1,167,551$7,856,111
68$12,753,863$2,221,151$1,156,607$8,551,708
69$14,003,123$2,278,353$1,143,718$9,315,507
70$15,378,180$2,336,732$1,128,772$10,154,401
71$16,891,816$2,396,293$1,111,647$11,075,986
72$18,558,112$2,457,042$1,092,218$12,088,630
73$20,392,585$2,518,982$1,070,353$13,201,556
74$22,412,333$2,582,117$1,045,914$14,424,924
75$24,636,196$2,646,446$1,018,757$15,769,931
76$27,084,934$2,711,967$988,731$17,248,916
77$29,781,422$2,778,679$955,679$18,875,472
78$32,750,868$2,846,575$919,435$20,664,583
79$36,021,047$2,915,647$879,826$22,632,756
80$39,622,566$2,985,886$836,673$24,798,181
81$43,589,152$3,057,279$789,786$27,180,907
82$47,957,971$3,129,811$738,968$29,803,022
83$52,769,974$3,203,462$684,015$32,688,868
84$58,070,292$3,278,211$624,709$35,865,271
85$63,908,651$3,354,034$560,826$39,361,790
86$70,339,852$3,430,900$492,132$43,211,001
87$77,424,279$3,508,776$418,382$47,448,799
88$85,228,476$3,587,627$339,318$52,114,742
89$93,825,769$3,667,409$254,673$57,252,423
90$103,296,961$3,748,075$164,168$62,909,879
91$113,731,095$3,829,575$67,512$69,140,049
92$125,226,293$3,911,851$0$76,001,270
93$137,890,682$3,994,838$0$83,561,633
94$151,843,415$4,078,469$0$91,896,114
95$167,215,795$4,162,665$0$101,075,609
96$184,152,514$4,247,344$0$111,186,191
97$202,813,022$4,332,415$0$122,322,709
98$223,373,025$4,417,778$0$134,589,687
99$246,026,150$4,503,326$0$148,102,306
100$270,985,770$4,588,941$0$162,987,496