Can I retire at age 40 with 995,000?

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 $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%19.6%
1 years$82,166$81,434$80,720$80,023$79,343$76,285
2 years$40,676$39,919$39,185$38,473$37,782$34,738
3 years$26,848$26,087$25,355$24,650$23,971$21,036
4 years$19,935$19,177$18,452$17,759$17,096$14,293
5 years$15,789$15,035$14,319$13,640$12,996$10,332
6 years$13,025$12,277$11,572$10,908$10,283$7,760
7 years$11,052$10,310$9,617$8,968$8,363$5,980
8 years$9,573$8,838$8,156$7,523$6,938$4,692
9 years$8,423$7,695$7,024$6,408$5,843$3,731
10 years$7,504$6,783$6,124$5,524$4,978$2,997
11 years$6,752$6,038$5,392$4,808$4,282$2,426
12 years$6,126$5,420$4,785$4,217$3,710$1,976
13 years$5,597$4,898$4,275$3,723$3,235$1,617
14 years$5,144$4,452$3,841$3,305$2,836$1,329
15 years$4,751$4,067$3,468$2,947$2,497$1,095
16 years$4,408$3,731$3,144$2,639$2,207$905
17 years$4,106$3,436$2,861$2,371$1,957$749
18 years$3,837$3,175$2,612$2,137$1,740$621
19 years$3,597$2,943$2,391$1,931$1,551$516
20 years$3,382$2,735$2,194$1,749$1,385$429
21 years$3,187$2,547$2,018$1,587$1,240$357
22 years$3,010$2,378$1,860$1,443$1,111$297
23 years$2,849$2,224$1,718$1,314$997$248
24 years$2,701$2,084$1,588$1,199$897$207
25 years$2,565$1,955$1,471$1,095$807$172
26 years$2,440$1,838$1,365$1,001$727$144
27 years$2,325$1,730$1,267$916$655$120
28 years$2,218$1,630$1,178$839$591$100
29 years$2,118$1,537$1,096$770$534$84
30 years$2,025$1,452$1,021$706$482$70
31 years$1,939$1,373$952$649$436$58
32 years$1,858$1,299$888$596$394$49
33 years$1,782$1,230$829$548$357$41
34 years$1,711$1,166$775$504$323$34
35 years$1,644$1,106$724$464$293$29
36 years$1,580$1,049$678$428$265$24
37 years$1,521$997$634$394$240$20
38 years$1,464$947$594$363$218$17
39 years$1,411$901$556$335$198$14
40 years$1,360$857$522$309$179$12
41 years$1,312$816$489$285$163$10
42 years$1,267$777$459$263$148$8
43 years$1,223$740$430$243$134$7
44 years$1,182$706$404$224$122$6
45 years$1,143$673$379$207$110$5
46 years$1,105$642$356$191$100$4
47 years$1,070$613$335$177$91$3
48 years$1,035$585$315$163$83$3
49 years$1,003$558$296$151$75$2
50 years$971$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 $995,000, adding $2,024 every year, while hoping to spend $29,825 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: 61/24/15 Blend
39$995,000$995,000$995,000$995,000
40$1,098,578$1,045,843$1,030,420$1,161,363
41$1,178,899$1,065,355$1,033,206$1,223,373
42$1,266,414$1,084,825$1,035,085$1,287,474
43$1,361,824$1,104,217$1,035,996$1,356,716
44$1,465,902$1,123,496$1,035,874$1,431,598
45$1,579,499$1,142,622$1,034,651$1,512,672
46$1,703,551$1,161,554$1,032,255$1,600,547
47$1,839,089$1,180,246$1,028,612$1,695,892
48$1,987,249$1,198,650$1,023,643$1,799,446
49$2,149,278$1,216,714$1,017,265$1,912,022
50$2,326,554$1,234,382$1,009,392$2,034,519
51$2,520,590$1,251,595$999,934$2,167,926
52$2,733,054$1,268,287$988,797$2,313,332
53$2,965,784$1,284,392$975,880$2,471,941
54$3,220,802$1,299,835$961,080$2,645,078
55$3,500,337$1,314,539$944,288$2,834,203
56$3,806,840$1,328,421$925,391$3,040,928
57$4,143,015$1,341,391$904,269$3,267,028
58$4,511,838$1,353,354$880,797$3,514,461
59$4,916,587$1,364,211$854,846$3,785,386
60$5,360,874$1,373,852$826,278$4,082,181
61$5,848,676$1,382,164$794,952$4,407,470
62$6,384,375$1,389,024$760,717$4,764,144
63$6,972,799$1,394,303$723,418$5,155,393
64$7,619,264$1,397,863$682,892$5,584,729
65$8,329,628$1,399,558$638,968$6,056,029
66$9,110,345$1,399,232$591,468$6,573,563
67$9,968,525$1,396,719$540,207$7,142,041
68$10,912,000$1,391,844$484,990$7,766,653
69$11,949,401$1,384,420$425,613$8,453,123
70$13,090,234$1,374,251$361,866$9,207,760
71$14,344,975$1,361,127$293,525$10,037,517
72$15,725,165$1,344,824$220,361$10,950,062
73$17,243,519$1,325,109$142,131$11,953,846
74$18,914,050$1,301,730$58,584$13,058,185
75$20,752,192$1,274,425$0$14,273,349
76$22,774,956$1,242,912$0$15,615,554
77$25,001,082$1,206,895$0$17,102,707
78$27,451,220$1,166,060$0$18,739,227
79$30,148,123$1,120,076$0$20,540,322
80$33,116,861$1,068,589$0$22,522,758
81$36,385,061$1,011,230$0$24,705,012
82$39,983,160$947,603$0$27,107,445
83$43,944,701$877,294$0$29,752,499
84$48,306,641$799,862$0$32,664,909
85$53,109,706$714,843$0$35,871,932
86$58,398,770$621,745$0$39,403,612
87$64,223,284$520,049$0$43,293,057
88$70,637,735$409,207$0$47,576,757
89$77,702,165$288,640$0$52,294,928
90$85,482,738$157,736$0$57,491,891
91$94,052,361$15,848$0$63,216,494
92$103,491,372$0$0$69,522,569
93$113,888,301$0$0$76,505,814
94$125,340,702$0$0$84,202,703
95$137,956,075$0$0$92,681,314
96$151,852,881$0$0$102,021,276
97$167,161,658$0$0$112,310,338
98$184,026,253$0$0$123,645,195
99$202,605,181$0$0$136,132,403
100$223,073,120$0$0$149,889,381