Can I retire at age 40 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$82,331$81,598$80,882$80,184$79,502$76,590
2 years$40,758$39,999$39,263$38,550$37,858$34,957
3 years$26,902$26,140$25,406$24,699$24,019$21,219
4 years$19,976$19,216$18,489$17,795$17,130$14,454
5 years$15,821$15,065$14,348$13,668$13,022$10,476
6 years$13,052$12,302$11,596$10,930$10,304$7,890
7 years$11,075$10,331$9,636$8,986$8,380$6,097
8 years$9,592$8,856$8,172$7,538$6,952$4,799
9 years$8,440$7,710$7,039$6,421$5,855$3,828
10 years$7,519$6,796$6,136$5,535$4,988$3,084
11 years$6,766$6,050$5,402$4,817$4,290$2,505
12 years$6,139$5,431$4,794$4,225$3,718$2,047
13 years$5,608$4,908$4,284$3,730$3,242$1,681
14 years$5,154$4,461$3,849$3,311$2,842$1,386
15 years$4,761$4,075$3,475$2,953$2,502$1,146
16 years$4,417$3,739$3,151$2,644$2,211$951
17 years$4,114$3,443$2,867$2,376$1,961$790
18 years$3,845$3,182$2,617$2,141$1,744$657
19 years$3,605$2,949$2,396$1,935$1,554$548
20 years$3,388$2,740$2,199$1,752$1,388$457
21 years$3,193$2,552$2,022$1,590$1,242$382
22 years$3,016$2,383$1,864$1,446$1,113$320
23 years$2,854$2,228$1,721$1,317$999$267
24 years$2,706$2,088$1,592$1,201$898$224
25 years$2,570$1,959$1,474$1,097$808$187
26 years$2,445$1,841$1,367$1,003$728$157
27 years$2,329$1,733$1,270$918$657$132
28 years$2,222$1,633$1,180$841$592$110
29 years$2,122$1,541$1,098$771$535$93
30 years$2,029$1,455$1,023$708$483$78
31 years$1,943$1,375$954$650$437$65
32 years$1,862$1,301$890$597$395$55
33 years$1,785$1,232$831$549$358$46
34 years$1,714$1,168$776$505$324$38
35 years$1,647$1,108$726$465$293$32
36 years$1,583$1,052$679$429$266$27
37 years$1,524$999$636$395$241$23
38 years$1,467$949$595$364$218$19
39 years$1,414$903$558$336$198$16
40 years$1,363$859$523$310$180$13
41 years$1,315$817$490$286$163$11
42 years$1,269$778$460$264$148$9
43 years$1,226$742$431$243$134$8
44 years$1,185$707$405$225$122$7
45 years$1,145$674$380$207$111$6
46 years$1,108$643$357$192$100$5
47 years$1,072$614$335$177$91$4
48 years$1,038$586$315$164$83$3
49 years$1,005$560$296$151$75$3
50 years$973$534$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $997,000, adding $3,829 every year, while hoping to spend $23,362 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: 88/5/7 Blend
39$997,000$997,000$997,000$997,000
40$1,102,644$1,049,803$1,034,349$1,198,818
41$1,190,256$1,076,386$1,044,143$1,288,608
42$1,286,022$1,103,489$1,053,482$1,383,650
43$1,390,749$1,131,112$1,062,326$1,487,374
44$1,505,325$1,159,256$1,070,633$1,600,641
45$1,630,728$1,187,919$1,078,359$1,724,396
46$1,768,036$1,217,101$1,085,457$1,859,679
47$1,918,434$1,246,798$1,091,879$2,007,638
48$2,083,231$1,277,007$1,097,573$2,169,537
49$2,263,863$1,307,724$1,102,485$2,346,766
50$2,461,917$1,338,942$1,106,558$2,540,857
51$2,679,137$1,370,655$1,109,733$2,753,500
52$2,917,446$1,402,854$1,111,945$2,986,552
53$3,178,961$1,435,529$1,113,131$3,242,062
54$3,466,015$1,468,669$1,113,221$3,522,288
55$3,781,176$1,502,262$1,112,141$3,829,713
56$4,127,275$1,536,292$1,109,817$4,167,077
57$4,507,429$1,570,742$1,106,168$4,537,396
58$4,925,073$1,605,595$1,101,111$4,943,994
59$5,383,990$1,640,828$1,094,557$5,390,533
60$5,888,348$1,676,420$1,086,416$5,881,046
61$6,442,739$1,712,344$1,076,591$6,419,980
62$7,052,222$1,748,573$1,064,980$7,012,230
63$7,722,371$1,785,075$1,051,479$7,663,193
64$8,459,326$1,821,816$1,035,976$8,378,814
65$9,269,852$1,858,760$1,018,357$9,165,644
66$10,161,403$1,895,866$998,498$10,030,900
67$11,142,193$1,933,090$976,274$10,982,536
68$12,221,269$1,970,384$951,552$12,029,315
69$13,408,603$2,007,697$924,193$13,180,892
70$14,715,178$2,044,972$894,052$14,447,907
71$16,153,099$2,082,149$860,975$15,842,085
72$17,735,703$2,119,162$824,806$17,376,343
73$19,477,685$2,155,941$785,377$19,064,918
74$21,395,236$2,192,410$742,515$20,923,494
75$23,506,199$2,228,486$696,037$22,969,357
76$25,830,232$2,264,083$645,756$25,221,554
77$28,388,999$2,299,106$591,471$27,701,072
78$31,206,368$2,333,453$532,977$30,431,040
79$34,308,642$2,367,017$470,056$33,436,943
80$37,724,804$2,399,681$402,483$36,746,865
81$41,486,789$2,431,321$330,022$40,391,754
82$45,629,790$2,461,804$252,426$44,405,711
83$50,192,585$2,490,988$169,438$48,826,318
84$55,217,903$2,518,722$80,789$53,694,985
85$60,752,834$2,544,844$0$59,057,347
86$66,849,262$2,569,180$0$64,964,723
87$73,564,365$2,591,548$0$71,478,004
88$80,961,147$2,611,751$0$78,652,240
89$89,109,037$2,629,580$0$86,554,747
90$98,084,542$2,644,813$0$95,259,710
91$107,971,970$2,657,213$0$104,848,872
92$118,864,224$2,666,530$0$115,412,315
93$130,863,680$2,672,495$0$127,049,305
94$144,083,153$2,674,824$0$139,869,230
95$158,646,960$2,673,216$0$153,992,633
96$174,692,097$2,667,350$0$169,552,350
97$192,369,526$2,656,886$0$186,694,761
98$211,845,607$2,641,462$0$205,581,174
99$233,303,661$2,620,696$0$226,389,349
100$256,945,705$2,594,181$0$249,315,172