Can I retire at age 40 with 994,000?

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 $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%19.4%
1 years$82,084$81,352$80,639$79,943$79,263$76,269
2 years$40,635$39,879$39,145$38,434$37,744$34,762
3 years$26,821$26,061$25,330$24,625$23,947$21,071
4 years$19,915$19,158$18,433$17,741$17,079$14,331
5 years$15,773$15,020$14,305$13,627$12,983$10,371
6 years$13,012$12,265$11,561$10,897$10,273$7,798
7 years$11,041$10,300$9,607$8,959$8,355$6,016
8 years$9,564$8,829$8,147$7,516$6,931$4,726
9 years$8,415$7,687$7,017$6,402$5,837$3,763
10 years$7,496$6,776$6,118$5,518$4,973$3,026
11 years$6,745$6,032$5,386$4,803$4,277$2,453
12 years$6,120$5,414$4,780$4,213$3,707$2,001
13 years$5,591$4,893$4,271$3,719$3,232$1,640
14 years$5,139$4,447$3,837$3,301$2,833$1,349
15 years$4,747$4,063$3,464$2,944$2,495$1,113
16 years$4,404$3,728$3,141$2,636$2,205$921
17 years$4,102$3,433$2,858$2,369$1,955$764
18 years$3,833$3,172$2,609$2,135$1,738$634
19 years$3,594$2,940$2,389$1,929$1,549$528
20 years$3,378$2,732$2,192$1,747$1,384$439
21 years$3,184$2,545$2,016$1,585$1,238$366
22 years$3,007$2,375$1,858$1,442$1,110$305
23 years$2,846$2,222$1,716$1,313$996$255
24 years$2,698$2,082$1,587$1,197$896$213
25 years$2,563$1,953$1,470$1,094$806$178
26 years$2,438$1,836$1,363$1,000$726$149
27 years$2,322$1,728$1,266$915$655$124
28 years$2,215$1,628$1,177$839$591$104
29 years$2,116$1,536$1,095$769$533$87
30 years$2,023$1,451$1,020$706$482$73
31 years$1,937$1,371$951$648$436$61
32 years$1,856$1,297$887$596$394$51
33 years$1,780$1,229$828$548$357$43
34 years$1,709$1,165$774$504$323$36
35 years$1,642$1,105$724$464$292$30
36 years$1,579$1,048$677$427$265$25
37 years$1,519$996$634$394$240$21
38 years$1,463$946$593$363$218$18
39 years$1,409$900$556$335$197$15
40 years$1,359$856$521$309$179$12
41 years$1,311$815$489$285$162$10
42 years$1,266$776$458$263$147$9
43 years$1,222$739$430$243$134$7
44 years$1,181$705$404$224$121$6
45 years$1,142$672$379$207$110$5
46 years$1,104$641$356$191$100$4
47 years$1,069$612$334$177$91$4
48 years$1,034$584$314$163$83$3
49 years$1,002$558$295$151$75$2
50 years$970$533$278$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $994,000, adding $5,798 every year, while hoping to spend $54,626 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: 59/14/27 Blend
39$994,000$994,000$994,000$994,000
40$1,101,369$1,048,687$1,033,280$1,157,974
41$1,155,587$1,041,951$1,009,773$1,190,554
42$1,213,504$1,033,054$983,648$1,219,754
43$1,275,440$1,021,832$954,759$1,250,458
44$1,341,746$1,008,113$922,954$1,282,827
45$1,412,806$991,712$888,075$1,317,040
46$1,489,041$972,435$849,955$1,353,296
47$1,570,915$950,076$808,419$1,391,817
48$1,658,934$924,415$763,287$1,432,851
49$1,753,656$895,223$714,368$1,476,673
50$1,855,694$862,253$661,464$1,523,590
51$1,965,719$825,248$604,368$1,573,943
52$2,084,470$783,933$542,862$1,628,112
53$2,212,759$738,018$476,720$1,686,519
54$2,351,476$687,198$405,707$1,749,633
55$2,501,603$631,147$329,574$1,817,975
56$2,664,217$569,523$248,065$1,892,124
57$2,840,501$501,964$160,910$1,972,720
58$3,031,760$428,088$67,828$2,060,478
59$3,239,425$347,490$0$2,156,188
60$3,465,073$259,743$0$2,269,802
61$3,710,436$164,396$0$2,414,660
62$3,977,422$60,973$0$2,572,369
63$4,268,129$0$0$2,744,219
64$4,584,865$0$0$2,939,495
65$4,930,173$0$0$3,162,700
66$5,306,848$0$0$3,406,258
67$5,717,968$0$0$3,672,170
68$6,166,922$0$0$3,962,636
69$6,657,440$0$0$4,280,081
70$7,193,627$0$0$4,627,173
71$7,780,005$0$0$5,006,850
72$8,421,551$0$0$5,422,347
73$9,123,747$0$0$5,877,225
74$9,892,627$0$0$6,375,408
75$10,734,838$0$0$6,921,214
76$11,657,700$0$0$7,519,402
77$12,669,272$0$0$8,175,210
78$13,778,433$0$0$8,894,408
79$14,994,961$0$0$9,683,352
80$16,329,625$0$0$10,549,043
81$17,794,288$0$0$11,499,191
82$19,402,016$0$0$12,542,289
83$21,167,203$0$0$13,687,694
84$23,105,704$0$0$14,945,712
85$25,234,984$0$0$16,327,697
86$27,574,285$0$0$17,846,157
87$30,144,802$0$0$19,514,870
88$32,969,887$0$0$21,349,017
89$36,075,266$0$0$23,365,320
90$39,489,281$0$0$25,582,206
91$43,243,156$0$0$28,019,974
92$47,371,296$0$0$30,700,988
93$51,911,601$0$0$33,649,889
94$56,905,833$0$0$36,893,826
95$62,400,004$0$0$40,462,711
96$68,444,807$0$0$44,389,503
97$75,096,101$0$0$48,710,515
98$82,415,429$0$0$53,465,759
99$90,470,604$0$0$58,699,321
100$99,336,343$0$0$64,459,777