Can I retire at age 40 with 995,000?

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 $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%14.8%
1 years$82,166$81,434$80,720$80,023$79,343$77,773
2 years$40,676$39,919$39,185$38,473$37,782$36,207
3 years$26,848$26,087$25,355$24,650$23,971$22,439
4 years$19,935$19,177$18,452$17,759$17,096$15,621
5 years$15,789$15,035$14,319$13,640$12,996$11,581
6 years$13,025$12,277$11,572$10,908$10,283$8,929
7 years$11,052$10,310$9,617$8,968$8,363$7,071
8 years$9,573$8,838$8,156$7,523$6,938$5,707
9 years$8,423$7,695$7,024$6,408$5,843$4,673
10 years$7,504$6,783$6,124$5,524$4,978$3,868
11 years$6,752$6,038$5,392$4,808$4,282$3,229
12 years$6,126$5,420$4,785$4,217$3,710$2,715
13 years$5,597$4,898$4,275$3,723$3,235$2,295
14 years$5,144$4,452$3,841$3,305$2,836$1,949
15 years$4,751$4,067$3,468$2,947$2,497$1,662
16 years$4,408$3,731$3,144$2,639$2,207$1,421
17 years$4,106$3,436$2,861$2,371$1,957$1,218
18 years$3,837$3,175$2,612$2,137$1,740$1,047
19 years$3,597$2,943$2,391$1,931$1,551$901
20 years$3,382$2,735$2,194$1,749$1,385$777
21 years$3,187$2,547$2,018$1,587$1,240$671
22 years$3,010$2,378$1,860$1,443$1,111$580
23 years$2,849$2,224$1,718$1,314$997$502
24 years$2,701$2,084$1,588$1,199$897$435
25 years$2,565$1,955$1,471$1,095$807$377
26 years$2,440$1,838$1,365$1,001$727$327
27 years$2,325$1,730$1,267$916$655$284
28 years$2,218$1,630$1,178$839$591$247
29 years$2,118$1,537$1,096$770$534$214
30 years$2,025$1,452$1,021$706$482$186
31 years$1,939$1,373$952$649$436$162
32 years$1,858$1,299$888$596$394$141
33 years$1,782$1,230$829$548$357$122
34 years$1,711$1,166$775$504$323$106
35 years$1,644$1,106$724$464$293$93
36 years$1,580$1,049$678$428$265$81
37 years$1,521$997$634$394$240$70
38 years$1,464$947$594$363$218$61
39 years$1,411$901$556$335$198$53
40 years$1,360$857$522$309$179$46
41 years$1,312$816$489$285$163$40
42 years$1,267$777$459$263$148$35
43 years$1,223$740$430$243$134$31
44 years$1,182$706$404$224$122$27
45 years$1,143$673$379$207$110$23
46 years$1,105$642$356$191$100$20
47 years$1,070$613$335$177$91$18
48 years$1,035$585$315$163$83$15
49 years$1,003$558$296$151$75$13
50 years$971$533$278$139$68$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $995,000, adding $6,650 every year, while hoping to spend $23,895 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: 45/27/28 Blend
39$995,000$995,000$995,000$995,000
40$1,103,349$1,050,614$1,035,192$1,143,810
41$1,190,467$1,076,670$1,044,447$1,199,282
42$1,285,670$1,103,202$1,053,211$1,256,598
43$1,389,757$1,130,208$1,061,442$1,318,303
44$1,503,609$1,157,685$1,069,098$1,384,818
45$1,628,195$1,185,630$1,076,130$1,456,610
46$1,764,582$1,214,037$1,082,492$1,534,193
47$1,913,946$1,242,901$1,088,131$1,618,134
48$2,077,580$1,272,214$1,092,995$1,709,056
49$2,256,909$1,301,969$1,097,027$1,807,648
50$2,453,504$1,332,156$1,100,167$1,914,668
51$2,669,092$1,362,763$1,102,354$2,030,953
52$2,905,579$1,393,777$1,103,522$2,157,423
53$3,165,061$1,425,185$1,103,603$2,295,097
54$3,449,848$1,456,970$1,102,525$2,445,092
55$3,762,485$1,489,114$1,100,211$2,608,646
56$4,105,774$1,521,596$1,096,584$2,787,118
57$4,482,804$1,554,395$1,091,561$2,982,010
58$4,896,975$1,587,486$1,085,053$3,194,977
59$5,352,035$1,620,841$1,076,971$3,427,843
60$5,852,111$1,654,431$1,067,218$3,682,618
61$6,401,752$1,688,223$1,055,695$3,961,520
62$7,005,966$1,722,182$1,042,297$4,266,993
63$7,670,275$1,756,269$1,026,914$4,601,732
64$8,400,758$1,790,442$1,009,431$4,968,707
65$9,204,117$1,824,655$989,728$5,371,193
66$10,087,732$1,858,858$967,679$5,812,800
67$11,059,737$1,892,998$943,153$6,297,508
68$12,129,093$1,927,018$916,011$6,829,706
69$13,305,673$1,960,854$886,110$7,414,229
70$14,600,355$1,994,440$853,298$8,056,410
71$16,025,127$2,027,702$817,419$8,762,128
72$17,593,194$2,060,564$778,307$9,537,861
73$19,319,110$2,092,942$735,790$10,390,753
74$21,218,908$2,124,746$689,689$11,328,678
75$23,310,258$2,155,879$639,814$12,360,316
76$25,612,626$2,186,239$585,970$13,495,235
77$28,147,465$2,215,715$527,950$14,743,983
78$30,938,411$2,244,190$465,541$16,118,185
79$34,011,510$2,271,537$398,519$17,630,659
80$37,395,463$2,297,622$326,648$19,295,530
81$41,121,895$2,322,300$249,686$21,128,369
82$45,225,655$2,345,418$167,376$23,146,342
83$49,745,141$2,366,813$79,453$25,368,368
84$54,722,668$2,386,310$0$27,815,299
85$60,204,865$2,403,724$0$30,514,419
86$66,243,111$2,418,856$0$33,512,379
87$72,894,024$2,431,496$0$36,813,432
88$80,219,995$2,441,420$0$40,448,456
89$88,289,775$2,448,390$0$44,451,474
90$97,179,123$2,452,152$0$48,859,983
91$106,971,525$2,452,439$0$53,715,308
92$117,758,976$2,448,963$0$59,062,986
93$129,642,851$2,441,423$0$64,953,204
94$142,734,865$2,429,495$0$71,441,268
95$157,158,120$2,412,839$0$78,588,128
96$173,048,272$2,391,092$0$86,460,951
97$190,554,811$2,363,871$0$95,133,759
98$209,842,468$2,330,767$0$104,688,128
99$231,092,775$2,291,350$0$115,213,955
100$254,505,774$2,245,162$0$126,810,311