Can I retire at age 40 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$82,249$81,516$80,801$80,104$79,422$77,408
2 years$40,717$39,959$39,224$38,511$37,820$35,804
3 years$26,875$26,114$25,380$24,675$23,995$22,040
4 years$19,956$19,196$18,470$17,777$17,113$15,234
5 years$15,805$15,050$14,334$13,654$13,009$11,211
6 years$13,039$12,290$11,584$10,919$10,294$8,579
7 years$11,063$10,321$9,626$8,977$8,372$6,740
8 years$9,583$8,847$8,164$7,531$6,945$5,396
9 years$8,432$7,703$7,032$6,415$5,849$4,381
10 years$7,511$6,790$6,130$5,530$4,983$3,595
11 years$6,759$6,044$5,397$4,812$4,286$2,975
12 years$6,132$5,425$4,790$4,221$3,714$2,478
13 years$5,603$4,903$4,279$3,727$3,239$2,076
14 years$5,149$4,456$3,845$3,308$2,839$1,746
15 years$4,756$4,071$3,471$2,950$2,500$1,474
16 years$4,413$3,735$3,147$2,642$2,209$1,248
17 years$4,110$3,440$2,864$2,373$1,959$1,059
18 years$3,841$3,179$2,614$2,139$1,742$901
19 years$3,601$2,946$2,393$1,933$1,552$768
20 years$3,385$2,737$2,197$1,750$1,387$655
21 years$3,190$2,550$2,020$1,589$1,241$560
22 years$3,013$2,380$1,862$1,444$1,112$479
23 years$2,851$2,226$1,719$1,315$998$410
24 years$2,704$2,086$1,590$1,200$897$351
25 years$2,568$1,957$1,473$1,096$808$301
26 years$2,443$1,840$1,366$1,002$727$258
27 years$2,327$1,731$1,268$917$656$221
28 years$2,220$1,631$1,179$840$592$190
29 years$2,120$1,539$1,097$770$534$163
30 years$2,027$1,453$1,022$707$483$140
31 years$1,941$1,374$953$649$437$121
32 years$1,860$1,300$889$597$395$104
33 years$1,784$1,231$830$549$357$89
34 years$1,712$1,167$776$505$324$77
35 years$1,645$1,107$725$465$293$66
36 years$1,582$1,050$678$428$266$57
37 years$1,522$998$635$394$241$49
38 years$1,466$948$595$364$218$42
39 years$1,412$902$557$335$198$36
40 years$1,362$858$522$309$179$31
41 years$1,314$817$490$285$163$27
42 years$1,268$778$459$263$148$23
43 years$1,225$741$431$243$134$20
44 years$1,183$706$404$224$122$17
45 years$1,144$674$380$207$110$15
46 years$1,107$643$357$191$100$13
47 years$1,071$613$335$177$91$11
48 years$1,036$585$315$163$83$9
49 years$1,004$559$296$151$75$8
50 years$972$534$278$140$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $996,000, adding $3,425 every year, while hoping to spend $53,077 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: 42/48/10 Blend
39$996,000$996,000$996,000$996,000
40$1,101,125$1,048,337$1,032,899$1,144,007
41$1,156,966$1,043,232$1,011,027$1,169,205
42$1,216,724$1,036,098$986,644$1,190,875
43$1,280,743$1,026,779$959,610$1,213,147
44$1,349,398$1,015,111$929,776$1,236,097
45$1,423,104$1,000,919$896,991$1,259,813
46$1,502,315$984,018$861,094$1,284,395
47$1,587,527$964,211$821,917$1,309,958
48$1,679,288$941,291$779,285$1,336,631
49$1,778,199$915,038$733,014$1,364,564
50$1,884,919$885,218$682,914$1,393,924
51$2,000,172$851,585$628,783$1,424,903
52$2,124,756$813,879$570,413$1,457,716
53$2,259,545$771,823$507,586$1,492,607
54$2,405,501$725,125$440,073$1,529,850
55$2,563,683$673,477$367,636$1,569,757
56$2,735,253$616,551$290,026$1,612,674
57$2,921,491$554,004$206,984$1,658,993
58$3,123,803$485,470$118,238$1,709,155
59$3,343,737$410,564$23,505$1,763,652
60$3,582,995$328,879$0$1,823,036
61$3,843,450$239,984$0$1,896,207
62$4,127,165$143,426$0$1,978,791
63$4,436,406$38,724$0$2,069,086
64$4,773,671$0$0$2,167,993
65$5,141,706$0$0$2,315,930
66$5,543,536$0$0$2,499,901
67$5,982,490$0$0$2,700,992
68$6,462,232$0$0$2,920,896
69$6,986,799$0$0$3,161,479
70$7,560,633$0$0$3,424,795
71$8,188,624$0$0$3,713,105
72$8,876,160$0$0$4,028,902
73$9,629,172$0$0$4,374,926
74$10,454,193$0$0$4,754,201
75$11,358,414$0$0$5,170,052
76$12,349,760$0$0$5,626,143
77$13,436,957$0$0$6,126,512
78$14,629,614$0$0$6,675,603
79$15,938,317$0$0$7,278,313
80$17,374,728$0$0$7,940,036
81$18,951,690$0$0$8,666,714
82$20,683,352$0$0$9,464,892
83$22,585,298$0$0$10,341,781
84$24,674,698$0$0$11,305,324
85$26,970,467$0$0$12,364,272
86$29,493,442$0$0$13,528,265
87$32,266,577$0$0$14,807,925
88$35,315,163$0$0$16,214,953
89$38,667,064$0$0$17,762,241
90$42,352,975$0$0$19,463,994
91$46,406,718$0$0$21,335,861
92$50,865,556$0$0$23,395,084
93$55,770,543$0$0$25,660,661
94$61,166,916$0$0$28,153,525
95$67,104,514$0$0$30,896,738
96$73,638,251$0$0$33,915,713
97$80,828,636$0$0$37,238,450
98$88,742,337$0$0$40,895,800
99$97,452,815$0$0$44,921,760
100$107,041,013$0$0$49,353,788