Can I retire at age 40 with 994,000?

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 $994,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$82,084$81,352$80,639$79,943$79,263$78,763
2 years$40,635$39,879$39,145$38,434$37,744$37,240
3 years$26,821$26,061$25,330$24,625$23,947$23,454
4 years$19,915$19,158$18,433$17,741$17,079$16,601
5 years$15,773$15,020$14,305$13,627$12,983$12,522
6 years$13,012$12,265$11,561$10,897$10,273$9,829
7 years$11,041$10,300$9,607$8,959$8,355$7,928
8 years$9,564$8,829$8,147$7,516$6,931$6,522
9 years$8,415$7,687$7,017$6,402$5,837$5,445
10 years$7,496$6,776$6,118$5,518$4,973$4,598
11 years$6,745$6,032$5,386$4,803$4,277$3,919
12 years$6,120$5,414$4,780$4,213$3,707$3,364
13 years$5,591$4,893$4,271$3,719$3,232$2,906
14 years$5,139$4,447$3,837$3,301$2,833$2,523
15 years$4,747$4,063$3,464$2,944$2,495$2,199
16 years$4,404$3,728$3,141$2,636$2,205$1,924
17 years$4,102$3,433$2,858$2,369$1,955$1,689
18 years$3,833$3,172$2,609$2,135$1,738$1,486
19 years$3,594$2,940$2,389$1,929$1,549$1,311
20 years$3,378$2,732$2,192$1,747$1,384$1,158
21 years$3,184$2,545$2,016$1,585$1,238$1,025
22 years$3,007$2,375$1,858$1,442$1,110$909
23 years$2,846$2,222$1,716$1,313$996$807
24 years$2,698$2,082$1,587$1,197$896$717
25 years$2,563$1,953$1,470$1,094$806$638
26 years$2,438$1,836$1,363$1,000$726$568
27 years$2,322$1,728$1,266$915$655$506
28 years$2,215$1,628$1,177$839$591$451
29 years$2,116$1,536$1,095$769$533$403
30 years$2,023$1,451$1,020$706$482$359
31 years$1,937$1,371$951$648$436$321
32 years$1,856$1,297$887$596$394$287
33 years$1,780$1,229$828$548$357$256
34 years$1,709$1,165$774$504$323$229
35 years$1,642$1,105$724$464$292$205
36 years$1,579$1,048$677$427$265$184
37 years$1,519$996$634$394$240$164
38 years$1,463$946$593$363$218$147
39 years$1,409$900$556$335$197$132
40 years$1,359$856$521$309$179$118
41 years$1,311$815$489$285$162$106
42 years$1,266$776$458$263$147$95
43 years$1,222$739$430$243$134$85
44 years$1,181$705$404$224$121$76
45 years$1,142$672$379$207$110$68
46 years$1,104$641$356$191$100$61
47 years$1,069$612$334$177$91$55
48 years$1,034$584$314$163$83$49
49 years$1,002$558$295$151$75$44
50 years$970$533$278$139$68$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $994,000, adding $4,370 every year, while hoping to spend $30,235 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: 58/30/12 Blend
39$994,000$994,000$994,000$994,000
40$1,099,896$1,047,214$1,031,807$1,160,181
41$1,179,915$1,066,357$1,034,202$1,220,504
42$1,267,083$1,085,426$1,035,665$1,282,480
43$1,362,097$1,104,383$1,036,131$1,349,314
44$1,465,725$1,123,191$1,035,535$1,421,478
45$1,578,810$1,141,809$1,033,807$1,499,488
46$1,702,283$1,160,192$1,030,873$1,583,918
47$1,837,166$1,178,292$1,026,658$1,675,395
48$1,984,587$1,196,058$1,021,081$1,774,616
49$2,145,786$1,213,436$1,014,059$1,882,343
50$2,322,129$1,230,367$1,005,502$1,999,423
51$2,515,118$1,246,787$995,319$2,126,783
52$2,726,411$1,262,631$983,413$2,265,450
53$2,957,831$1,277,825$969,683$2,416,554
54$3,211,385$1,292,294$954,023$2,581,341
55$3,489,285$1,305,955$936,321$2,761,186
56$3,793,967$1,318,721$916,462$2,957,602
57$4,128,112$1,330,499$894,325$3,172,261
58$4,494,676$1,341,190$869,781$3,407,005
59$4,896,912$1,350,688$842,698$3,663,862
60$5,338,406$1,358,880$812,937$3,945,072
61$5,823,105$1,365,647$780,352$4,253,103
62$6,355,359$1,370,862$744,792$4,590,676
63$6,939,960$1,374,388$706,096$4,960,791
64$7,582,185$1,376,082$664,099$5,366,757
65$8,287,849$1,375,791$618,628$5,812,219
66$9,063,357$1,373,353$569,500$6,301,199
67$9,915,767$1,368,595$516,526$6,838,130
68$10,852,854$1,361,334$459,507$7,427,898
69$11,883,181$1,351,376$398,238$8,075,892
70$13,016,188$1,338,515$332,500$8,788,053
71$14,262,270$1,322,533$262,070$9,570,928
72$15,632,883$1,303,199$186,711$10,431,739
73$17,140,648$1,280,267$106,177$11,378,444
74$18,799,472$1,253,477$20,211$12,419,818
75$20,624,675$1,222,555$0$13,565,535
76$22,633,141$1,187,209$0$14,835,418
77$24,843,469$1,147,130$0$16,235,420
78$27,276,156$1,101,993$0$17,775,949
79$29,953,785$1,051,451$0$19,471,329
80$32,901,239$995,140$0$21,337,351
81$36,145,936$932,673$0$23,391,417
82$39,718,089$863,641$0$25,652,708
83$43,650,987$787,613$0$28,142,366
84$47,981,313$704,131$0$30,883,694
85$52,749,487$612,714$0$33,902,373
86$58,000,049$512,850$0$37,226,712
87$63,782,076$404,002$0$40,887,909
88$70,149,649$285,600$0$44,920,352
89$77,162,362$157,043$0$49,361,939
90$84,885,881$17,696$0$54,254,444
91$93,392,567$0$0$59,643,905
92$102,762,158$0$0$65,625,007
93$113,082,518$0$0$72,219,590
94$124,450,472$0$0$79,483,697
95$136,972,714$0$0$87,485,521
96$150,766,815$0$0$96,300,207
97$165,962,336$0$0$106,010,563
98$182,702,045$0$0$116,707,839
99$201,143,268$0$0$128,492,589
100$221,459,373$0$0$141,475,621