Can I retire at age 40 with 998,000?

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 $998,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$82,414$81,680$80,964$80,265$79,582$77,220
2 years$40,799$40,039$39,303$38,589$37,896$35,536
3 years$26,929$26,166$25,431$24,724$24,043$21,759
4 years$19,996$19,235$18,508$17,812$17,148$14,957
5 years$15,837$15,080$14,363$13,682$13,035$10,944
6 years$13,065$12,314$11,607$10,941$10,314$8,324
7 years$11,086$10,341$9,646$8,995$8,388$6,499
8 years$9,602$8,865$8,180$7,546$6,959$5,170
9 years$8,449$7,718$7,046$6,428$5,860$4,169
10 years$7,527$6,803$6,143$5,541$4,993$3,398
11 years$6,773$6,056$5,408$4,822$4,294$2,792
12 years$6,145$5,436$4,799$4,230$3,722$2,309
13 years$5,614$4,913$4,288$3,734$3,245$1,920
14 years$5,159$4,465$3,853$3,315$2,845$1,603
15 years$4,766$4,079$3,478$2,956$2,505$1,342
16 years$4,422$3,743$3,154$2,647$2,214$1,128
17 years$4,118$3,447$2,870$2,378$1,963$950
18 years$3,849$3,185$2,620$2,143$1,745$801
19 years$3,608$2,952$2,398$1,937$1,556$677
20 years$3,392$2,743$2,201$1,754$1,389$573
21 years$3,196$2,555$2,024$1,592$1,243$485
22 years$3,019$2,385$1,866$1,447$1,115$412
23 years$2,857$2,231$1,723$1,318$1,000$349
24 years$2,709$2,090$1,593$1,202$899$297
25 years$2,573$1,961$1,476$1,098$809$252
26 years$2,448$1,843$1,369$1,004$729$214
27 years$2,332$1,735$1,271$919$657$182
28 years$2,224$1,635$1,181$842$593$155
29 years$2,124$1,542$1,099$772$535$132
30 years$2,031$1,456$1,024$709$484$112
31 years$1,945$1,377$955$651$437$96
32 years$1,863$1,303$891$598$396$81
33 years$1,787$1,234$832$550$358$69
34 years$1,716$1,169$777$506$324$59
35 years$1,648$1,109$727$466$294$50
36 years$1,585$1,053$680$429$266$43
37 years$1,525$1,000$636$395$241$37
38 years$1,469$950$596$364$219$31
39 years$1,415$903$558$336$198$27
40 years$1,364$860$523$310$180$23
41 years$1,316$818$491$286$163$19
42 years$1,271$779$460$264$148$16
43 years$1,227$742$432$244$134$14
44 years$1,186$708$405$225$122$12
45 years$1,146$675$381$208$111$10
46 years$1,109$644$357$192$101$9
47 years$1,073$614$336$177$91$7
48 years$1,039$587$316$164$83$6
49 years$1,006$560$297$151$75$5
50 years$974$535$279$140$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $998,000, adding $5,590 every year, while hoping to spend $33,316 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: 79/5/16 Blend
39$998,000$998,000$998,000$998,000
40$1,105,562$1,052,668$1,037,199$1,188,694
41$1,182,881$1,068,801$1,036,497$1,260,380
42$1,266,971$1,084,608$1,034,655$1,334,210
43$1,358,485$1,100,037$1,031,600$1,414,286
44$1,458,147$1,115,034$1,027,254$1,501,222
45$1,566,748$1,129,541$1,021,537$1,595,692
46$1,685,162$1,143,495$1,014,365$1,698,439
47$1,814,350$1,156,828$1,005,648$1,810,281
48$1,955,371$1,169,470$995,294$1,932,121
49$2,109,389$1,181,343$983,206$2,064,952
50$2,277,685$1,192,368$969,283$2,209,869
51$2,461,672$1,202,456$953,416$2,368,080
52$2,662,902$1,211,517$935,495$2,540,914
53$2,883,087$1,219,450$915,404$2,729,836
54$3,124,112$1,226,153$893,019$2,936,460
55$3,388,049$1,231,512$868,213$3,162,565
56$3,677,185$1,235,411$840,853$3,410,113
57$3,994,034$1,237,722$810,798$3,681,264
58$4,341,368$1,238,313$777,902$3,978,400
59$4,722,238$1,237,041$742,012$4,304,143
60$5,140,005$1,233,755$702,969$4,661,387
61$5,598,372$1,228,296$660,605$5,053,318
62$6,101,416$1,220,492$614,745$5,483,449
63$6,653,629$1,210,164$565,207$5,955,651
64$7,259,958$1,197,122$511,801$6,474,189
65$7,925,854$1,181,161$454,326$7,043,765
66$8,657,321$1,162,068$392,576$7,669,561
67$9,460,973$1,139,614$326,333$8,357,287
68$10,344,097$1,113,560$255,369$9,113,236
69$11,314,719$1,083,649$179,449$9,944,346
70$12,381,684$1,049,611$98,324$10,858,260
71$13,554,735$1,011,161$11,737$11,863,402
72$14,844,605$967,996$0$12,969,058
73$16,263,122$919,795$0$14,199,231
74$17,823,316$866,220$0$15,554,463
75$19,539,541$806,912$0$17,045,225
76$21,427,617$741,493$0$18,685,267
77$23,504,970$669,562$0$20,489,742
78$25,790,803$590,696$0$22,475,343
79$28,306,272$504,449$0$24,660,467
80$31,074,692$410,346$0$27,065,382
81$34,121,747$307,890$0$29,712,426
82$37,475,741$196,552$0$32,626,209
83$41,167,860$75,777$0$35,833,853
84$45,232,468$0$0$39,365,242
85$49,707,428$0$0$43,256,335
86$54,634,463$0$0$47,545,148
87$60,059,548$0$0$52,267,535
88$66,033,341$0$0$57,467,598
89$72,611,664$0$0$63,193,934
90$79,856,029$0$0$69,500,092
91$87,834,214$0$0$76,445,080
92$96,620,910$0$0$84,093,920
93$106,298,418$0$0$92,518,263
94$116,957,431$0$0$101,797,061
95$128,697,885$0$0$112,017,318
96$141,629,906$0$0$123,274,905
97$155,874,845$0$0$135,675,469
98$171,566,426$0$0$149,335,425
99$188,852,008$0$0$164,383,060
100$207,893,972$0$0$180,959,740