Can I retire at age 40 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$82,166$81,434$80,720$80,023$79,343$77,488
2 years$40,676$39,919$39,185$38,473$37,782$35,924
3 years$26,848$26,087$25,355$24,650$23,971$22,167
4 years$19,935$19,177$18,452$17,759$17,096$15,361
5 years$15,789$15,035$14,319$13,640$12,996$11,334
6 years$13,025$12,277$11,572$10,908$10,283$8,697
7 years$11,052$10,310$9,617$8,968$8,363$6,852
8 years$9,573$8,838$8,156$7,523$6,938$5,502
9 years$8,423$7,695$7,024$6,408$5,843$4,480
10 years$7,504$6,783$6,124$5,524$4,978$3,688
11 years$6,752$6,038$5,392$4,808$4,282$3,062
12 years$6,126$5,420$4,785$4,217$3,710$2,559
13 years$5,597$4,898$4,275$3,723$3,235$2,150
14 years$5,144$4,452$3,841$3,305$2,836$1,815
15 years$4,751$4,067$3,468$2,947$2,497$1,538
16 years$4,408$3,731$3,144$2,639$2,207$1,306
17 years$4,106$3,436$2,861$2,371$1,957$1,113
18 years$3,837$3,175$2,612$2,137$1,740$950
19 years$3,597$2,943$2,391$1,931$1,551$813
20 years$3,382$2,735$2,194$1,749$1,385$696
21 years$3,187$2,547$2,018$1,587$1,240$597
22 years$3,010$2,378$1,860$1,443$1,111$513
23 years$2,849$2,224$1,718$1,314$997$440
24 years$2,701$2,084$1,588$1,199$897$379
25 years$2,565$1,955$1,471$1,095$807$326
26 years$2,440$1,838$1,365$1,001$727$281
27 years$2,325$1,730$1,267$916$655$242
28 years$2,218$1,630$1,178$839$591$209
29 years$2,118$1,537$1,096$770$534$180
30 years$2,025$1,452$1,021$706$482$155
31 years$1,939$1,373$952$649$436$134
32 years$1,858$1,299$888$596$394$115
33 years$1,782$1,230$829$548$357$100
34 years$1,711$1,166$775$504$323$86
35 years$1,644$1,106$724$464$293$74
36 years$1,580$1,049$678$428$265$64
37 years$1,521$997$634$394$240$55
38 years$1,464$947$594$363$218$48
39 years$1,411$901$556$335$198$41
40 years$1,360$857$522$309$179$36
41 years$1,312$816$489$285$163$31
42 years$1,267$777$459$263$148$27
43 years$1,223$740$430$243$134$23
44 years$1,182$706$404$224$122$20
45 years$1,143$673$379$207$110$17
46 years$1,105$642$356$191$100$15
47 years$1,070$613$335$177$91$13
48 years$1,035$585$315$163$83$11
49 years$1,003$558$296$151$75$10
50 years$971$533$278$139$68$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $995,000, adding $6,802 every year, while hoping to spend $26,052 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: 45/46/9 Blend
39$995,000$995,000$995,000$995,000
40$1,103,506$1,050,771$1,035,349$1,150,070
41$1,188,345$1,074,540$1,042,314$1,206,740
42$1,280,964$1,098,600$1,048,639$1,264,931
43$1,382,129$1,122,939$1,054,276$1,327,431
44$1,492,684$1,147,541$1,059,172$1,394,649
45$1,613,558$1,172,390$1,063,274$1,467,031
46$1,745,772$1,197,468$1,066,525$1,545,070
47$1,890,452$1,222,756$1,068,865$1,629,310
48$2,048,838$1,248,231$1,070,232$1,720,349
49$2,222,295$1,273,869$1,070,560$1,818,845
50$2,412,325$1,299,645$1,069,779$1,925,526
51$2,620,584$1,325,529$1,067,819$2,041,192
52$2,848,895$1,351,491$1,064,602$2,166,725
53$3,099,265$1,377,497$1,060,049$2,303,097
54$3,373,906$1,403,511$1,054,077$2,451,379
55$3,675,254$1,429,492$1,046,598$2,612,752
56$4,005,991$1,455,398$1,037,520$2,788,518
57$4,369,073$1,481,184$1,026,748$2,980,110
58$4,767,755$1,506,799$1,014,181$3,189,111
59$5,205,624$1,532,190$999,714$3,417,262
60$5,686,629$1,557,299$983,236$3,666,485
61$6,215,123$1,582,064$964,632$3,938,897
62$6,795,900$1,606,419$943,781$4,236,833
63$7,434,241$1,630,293$920,557$4,562,866
64$8,135,966$1,653,609$894,828$4,919,832
65$8,907,484$1,676,286$866,454$5,310,859
66$9,755,859$1,698,236$835,292$5,739,393
67$10,688,873$1,719,366$801,191$6,209,234
68$11,715,098$1,739,575$763,991$6,724,570
69$12,843,982$1,758,757$723,528$7,290,020
70$14,085,930$1,776,799$679,628$7,910,674
71$15,452,411$1,793,578$632,112$8,592,142
72$16,956,059$1,808,965$580,790$9,340,610
73$18,610,795$1,822,823$525,465$10,162,898
74$20,431,959$1,835,004$465,930$11,066,522
75$22,436,452$1,845,352$401,972$12,059,768
76$24,642,896$1,853,701$333,365$13,151,770
77$27,071,813$1,859,873$259,874$14,352,597
78$29,745,813$1,863,682$181,254$15,673,349
79$32,689,809$1,864,926$97,250$17,126,260
80$35,931,256$1,863,394$7,594$18,724,817
81$39,500,404$1,858,859$0$20,483,888
82$43,430,586$1,851,084$0$22,428,318
83$47,758,532$1,839,814$0$24,569,041
84$52,524,716$1,824,779$0$26,925,268
85$57,773,738$1,805,694$0$29,518,977
86$63,554,743$1,782,256$0$32,374,394
87$69,921,885$1,754,145$0$35,518,219
88$76,934,838$1,721,019$0$38,979,880
89$84,659,362$1,682,520$0$42,791,813
90$93,167,919$1,638,265$0$46,989,768
91$102,540,357$1,587,850$0$51,613,146
92$112,864,667$1,530,848$0$56,705,377
93$124,237,810$1,466,807$0$62,314,325
94$136,766,634$1,395,248$0$68,492,744
95$150,568,879$1,315,664$0$75,298,778
96$165,774,294$1,227,520$0$82,796,509
97$182,525,853$1,130,250$0$91,056,567
98$200,981,112$1,023,254$0$100,156,794
99$221,313,693$905,902$0$110,182,983
100$243,714,922$777,522$0$121,229,690