Can I retire at age 40 with 994,000?

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 $994,000?

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$82,084$81,352$80,639$79,943$79,263$76,208
2 years$40,635$39,879$39,145$38,434$37,744$34,703
3 years$26,821$26,061$25,330$24,625$23,947$21,015
4 years$19,915$19,158$18,433$17,741$17,079$14,279
5 years$15,773$15,020$14,305$13,627$12,983$10,322
6 years$13,012$12,265$11,561$10,897$10,273$7,752
7 years$11,041$10,300$9,607$8,959$8,355$5,974
8 years$9,564$8,829$8,147$7,516$6,931$4,688
9 years$8,415$7,687$7,017$6,402$5,837$3,728
10 years$7,496$6,776$6,118$5,518$4,973$2,994
11 years$6,745$6,032$5,386$4,803$4,277$2,424
12 years$6,120$5,414$4,780$4,213$3,707$1,974
13 years$5,591$4,893$4,271$3,719$3,232$1,616
14 years$5,139$4,447$3,837$3,301$2,833$1,327
15 years$4,747$4,063$3,464$2,944$2,495$1,094
16 years$4,404$3,728$3,141$2,636$2,205$904
17 years$4,102$3,433$2,858$2,369$1,955$748
18 years$3,833$3,172$2,609$2,135$1,738$621
19 years$3,594$2,940$2,389$1,929$1,549$515
20 years$3,378$2,732$2,192$1,747$1,384$428
21 years$3,184$2,545$2,016$1,585$1,238$357
22 years$3,007$2,375$1,858$1,442$1,110$297
23 years$2,846$2,222$1,716$1,313$996$248
24 years$2,698$2,082$1,587$1,197$896$206
25 years$2,563$1,953$1,470$1,094$806$172
26 years$2,438$1,836$1,363$1,000$726$144
27 years$2,322$1,728$1,266$915$655$120
28 years$2,215$1,628$1,177$839$591$100
29 years$2,116$1,536$1,095$769$533$84
30 years$2,023$1,451$1,020$706$482$70
31 years$1,937$1,371$951$648$436$58
32 years$1,856$1,297$887$596$394$49
33 years$1,780$1,229$828$548$357$41
34 years$1,709$1,165$774$504$323$34
35 years$1,642$1,105$724$464$292$28
36 years$1,579$1,048$677$427$265$24
37 years$1,519$996$634$394$240$20
38 years$1,463$946$593$363$218$17
39 years$1,409$900$556$335$197$14
40 years$1,359$856$521$309$179$12
41 years$1,311$815$489$285$162$10
42 years$1,266$776$458$263$147$8
43 years$1,222$739$430$243$134$7
44 years$1,181$705$404$224$121$6
45 years$1,142$672$379$207$110$5
46 years$1,104$641$356$191$100$4
47 years$1,069$612$334$177$91$3
48 years$1,034$584$314$163$83$3
49 years$1,002$558$295$151$75$2
50 years$970$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 $994,000, adding $6,699 every year, while hoping to spend $33,419 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: 23/50/27 Blend
39$994,000$994,000$994,000$994,000
40$1,102,298$1,049,616$1,034,209$1,118,109
41$1,179,175$1,065,490$1,033,297$1,148,086
42$1,262,773$1,081,021$1,031,235$1,176,910
43$1,353,743$1,096,158$1,027,949$1,207,055
44$1,452,800$1,110,845$1,023,360$1,238,653
45$1,560,732$1,125,023$1,017,389$1,271,849
46$1,678,404$1,138,627$1,009,949$1,306,806
47$1,806,772$1,151,589$1,000,953$1,343,705
48$1,946,883$1,163,838$990,306$1,382,748
49$2,099,895$1,175,296$977,910$1,424,161
50$2,267,078$1,185,879$963,664$1,468,192
51$2,449,833$1,195,500$947,460$1,515,122
52$2,649,701$1,204,065$929,186$1,565,261
53$2,868,381$1,211,475$908,724$1,618,954
54$3,107,742$1,217,623$885,951$1,676,585
55$3,369,840$1,222,395$860,739$1,738,580
56$3,656,944$1,225,672$832,954$1,805,413
57$3,971,548$1,227,327$802,455$1,877,612
58$4,316,403$1,227,222$769,093$1,955,759
59$4,694,535$1,225,215$732,717$2,040,506
60$5,109,279$1,221,152$693,165$2,132,570
61$5,564,308$1,214,871$650,268$2,232,753
62$6,063,668$1,206,200$603,852$2,341,939
63$6,611,813$1,194,955$553,732$2,461,111
64$7,213,654$1,180,943$499,718$2,591,358
65$7,874,596$1,163,959$441,608$2,733,887
66$8,600,597$1,143,785$379,194$2,890,036
67$9,398,217$1,120,191$312,257$3,061,286
68$10,274,687$1,092,931$240,569$3,249,277
69$11,237,968$1,061,748$163,891$3,455,826
70$12,296,836$1,026,368$81,976$3,682,944
71$13,460,954$986,501$0$3,932,856
72$14,740,972$941,841$0$4,209,593
73$16,148,623$892,063$0$4,539,617
74$17,696,832$836,824$0$4,902,382
75$19,399,842$775,761$0$5,301,308
76$21,273,344$708,491$0$5,740,168
77$23,334,626$634,608$0$6,223,133
78$25,602,738$553,685$0$6,754,805
79$28,098,670$465,267$0$7,340,265
80$30,845,546$368,877$0$7,985,124
81$33,868,850$264,010$0$8,695,574
82$37,196,657$150,132$0$9,478,451
83$40,859,907$26,678$0$10,341,300
84$44,892,687$0$0$11,292,448
85$49,332,561$0$0$12,399,927
86$54,220,917$0$0$13,635,657
87$59,603,364$0$0$14,996,516
88$65,530,156$0$0$16,495,238
89$72,056,668$0$0$18,145,856
90$79,243,922$0$0$19,963,832
91$87,159,156$0$0$21,966,205
92$95,876,463$0$0$24,171,751
93$105,477,488$0$0$26,601,161
94$116,052,198$0$0$29,277,232
95$127,699,734$0$0$32,225,090
96$140,529,340$0$0$35,472,418
97$154,661,399$0$0$39,049,726
98$170,228,567$0$0$42,990,632
99$187,377,024$0$0$47,332,182
100$206,267,857$0$0$52,115,200