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%17.6%
1 years$82,084$81,352$80,639$79,943$79,263$76,818
2 years$40,635$39,879$39,145$38,434$37,744$35,302
3 years$26,821$26,061$25,330$24,625$23,947$21,584
4 years$19,915$19,158$18,433$17,741$17,079$14,814
5 years$15,773$15,020$14,305$13,627$12,983$10,823
6 years$13,012$12,265$11,561$10,897$10,273$8,218
7 years$11,041$10,300$9,607$8,959$8,355$6,406
8 years$9,564$8,829$8,147$7,516$6,931$5,086
9 years$8,415$7,687$7,017$6,402$5,837$4,095
10 years$7,496$6,776$6,118$5,518$4,973$3,331
11 years$6,745$6,032$5,386$4,803$4,277$2,732
12 years$6,120$5,414$4,780$4,213$3,707$2,255
13 years$5,591$4,893$4,271$3,719$3,232$1,870
14 years$5,139$4,447$3,837$3,301$2,833$1,558
15 years$4,747$4,063$3,464$2,944$2,495$1,303
16 years$4,404$3,728$3,141$2,636$2,205$1,092
17 years$4,102$3,433$2,858$2,369$1,955$917
18 years$3,833$3,172$2,609$2,135$1,738$772
19 years$3,594$2,940$2,389$1,929$1,549$651
20 years$3,378$2,732$2,192$1,747$1,384$550
21 years$3,184$2,545$2,016$1,585$1,238$465
22 years$3,007$2,375$1,858$1,442$1,110$393
23 years$2,846$2,222$1,716$1,313$996$333
24 years$2,698$2,082$1,587$1,197$896$282
25 years$2,563$1,953$1,470$1,094$806$239
26 years$2,438$1,836$1,363$1,000$726$203
27 years$2,322$1,728$1,266$915$655$172
28 years$2,215$1,628$1,177$839$591$146
29 years$2,116$1,536$1,095$769$533$124
30 years$2,023$1,451$1,020$706$482$105
31 years$1,937$1,371$951$648$436$89
32 years$1,856$1,297$887$596$394$76
33 years$1,780$1,229$828$548$357$65
34 years$1,709$1,165$774$504$323$55
35 years$1,642$1,105$724$464$292$47
36 years$1,579$1,048$677$427$265$40
37 years$1,519$996$634$394$240$34
38 years$1,463$946$593$363$218$29
39 years$1,409$900$556$335$197$24
40 years$1,359$856$521$309$179$21
41 years$1,311$815$489$285$162$18
42 years$1,266$776$458$263$147$15
43 years$1,222$739$430$243$134$13
44 years$1,181$705$404$224$121$11
45 years$1,142$672$379$207$110$9
46 years$1,104$641$356$191$100$8
47 years$1,069$612$334$177$91$7
48 years$1,034$584$314$163$83$6
49 years$1,002$558$295$151$75$5
50 years$970$533$278$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $994,000, adding $5,174 every year, while hoping to spend $35,635 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: 46/39/15 Blend
39$994,000$994,000$994,000$994,000
40$1,100,725$1,048,043$1,032,636$1,146,450
41$1,175,084$1,061,482$1,029,314$1,192,200
42$1,255,832$1,074,385$1,024,686$1,237,779
43$1,343,586$1,086,688$1,018,672$1,286,451
44$1,439,019$1,098,323$1,011,185$1,338,518
45$1,542,876$1,109,218$1,002,136$1,394,313
46$1,655,974$1,119,294$991,432$1,454,203
47$1,779,213$1,128,470$978,975$1,518,598
48$1,913,584$1,136,656$964,663$1,587,946
49$2,060,177$1,143,760$948,386$1,662,745
50$2,220,192$1,149,681$930,034$1,743,546
51$2,394,950$1,154,313$909,488$1,830,956
52$2,585,904$1,157,544$886,625$1,925,648
53$2,794,656$1,159,253$861,317$2,028,363
54$3,022,967$1,159,313$833,428$2,139,923
55$3,272,779$1,157,588$802,817$2,261,234
56$3,546,228$1,153,936$769,336$2,393,297
57$3,845,667$1,148,202$732,833$2,537,219
58$4,173,687$1,140,226$693,145$2,694,223
59$4,533,142$1,129,836$650,104$2,865,658
60$4,927,173$1,116,849$603,533$3,053,016
61$5,359,243$1,101,073$553,250$3,257,945
62$5,833,164$1,082,303$499,061$3,482,262
63$6,353,133$1,060,322$440,766$3,727,978
64$6,923,776$1,034,902$378,156$3,997,311
65$7,550,188$1,005,798$311,010$4,292,709
66$8,237,979$972,755$239,102$4,616,877
67$8,993,332$935,499$162,190$4,972,800
68$9,823,056$893,742$80,028$5,363,773
69$10,734,652$847,180$0$5,793,435
70$11,736,385$795,491$0$6,267,026
71$12,837,359$738,332$0$6,801,501
72$14,047,604$675,345$0$7,388,975
73$15,378,171$606,147$0$8,034,894
74$16,841,233$530,337$0$8,745,264
75$18,450,203$447,488$0$9,526,710
76$20,219,860$357,152$0$10,386,539
77$22,166,486$258,853$0$11,332,811
78$24,308,021$152,089$0$12,374,413
79$26,664,229$36,331$0$13,521,148
80$29,256,889$0$0$14,783,828
81$32,109,997$0$0$16,212,560
82$35,249,993$0$0$17,802,250
83$38,706,008$0$0$19,552,073
84$42,510,144$0$0$21,478,299
85$46,697,769$0$0$23,598,855
86$51,307,857$0$0$25,933,496
87$56,383,352$0$0$28,503,988
88$61,971,574$0$0$31,334,317
89$68,124,663$0$0$34,450,911
90$74,900,075$0$0$37,882,894
91$82,361,120$0$0$41,662,355
92$90,577,561$0$0$45,824,656
93$99,626,270$0$0$50,408,764
94$109,591,956$0$0$55,457,615
95$120,567,962$0$0$61,018,525
96$132,657,146$0$0$67,143,631
97$145,972,850$0$0$73,890,385
98$160,639,975$0$0$81,322,100
99$176,796,149$0$0$89,508,538
100$194,593,037$0$0$98,526,578