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%12.8%
1 years$82,166$81,434$80,720$80,023$79,343$78,416
2 years$40,676$39,919$39,185$38,473$37,782$36,850
3 years$26,848$26,087$25,355$24,650$23,971$23,061
4 years$19,935$19,177$18,452$17,759$17,096$16,216
5 years$15,789$15,035$14,319$13,640$12,996$12,149
6 years$13,025$12,277$11,572$10,908$10,283$9,470
7 years$11,052$10,310$9,617$8,968$8,363$7,583
8 years$9,573$8,838$8,156$7,523$6,938$6,192
9 years$8,423$7,695$7,024$6,408$5,843$5,130
10 years$7,504$6,783$6,124$5,524$4,978$4,299
11 years$6,752$6,038$5,392$4,808$4,282$3,634
12 years$6,126$5,420$4,785$4,217$3,710$3,095
13 years$5,597$4,898$4,275$3,723$3,235$2,651
14 years$5,144$4,452$3,841$3,305$2,836$2,282
15 years$4,751$4,067$3,468$2,947$2,497$1,972
16 years$4,408$3,731$3,144$2,639$2,207$1,710
17 years$4,106$3,436$2,861$2,371$1,957$1,487
18 years$3,837$3,175$2,612$2,137$1,740$1,297
19 years$3,597$2,943$2,391$1,931$1,551$1,133
20 years$3,382$2,735$2,194$1,749$1,385$992
21 years$3,187$2,547$2,018$1,587$1,240$869
22 years$3,010$2,378$1,860$1,443$1,111$763
23 years$2,849$2,224$1,718$1,314$997$671
24 years$2,701$2,084$1,588$1,199$897$590
25 years$2,565$1,955$1,471$1,095$807$520
26 years$2,440$1,838$1,365$1,001$727$458
27 years$2,325$1,730$1,267$916$655$404
28 years$2,218$1,630$1,178$839$591$357
29 years$2,118$1,537$1,096$770$534$315
30 years$2,025$1,452$1,021$706$482$278
31 years$1,939$1,373$952$649$436$246
32 years$1,858$1,299$888$596$394$217
33 years$1,782$1,230$829$548$357$192
34 years$1,711$1,166$775$504$323$170
35 years$1,644$1,106$724$464$293$150
36 years$1,580$1,049$678$428$265$133
37 years$1,521$997$634$394$240$118
38 years$1,464$947$594$363$218$104
39 years$1,411$901$556$335$198$92
40 years$1,360$857$522$309$179$82
41 years$1,312$816$489$285$163$72
42 years$1,267$777$459$263$148$64
43 years$1,223$740$430$243$134$57
44 years$1,182$706$404$224$122$50
45 years$1,143$673$379$207$110$45
46 years$1,105$642$356$191$100$40
47 years$1,070$613$335$177$91$35
48 years$1,035$585$315$163$83$31
49 years$1,003$558$296$151$75$28
50 years$971$533$278$139$68$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $995,000, adding $5,447 every year, while hoping to spend $28,002 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: 64/27/9 Blend
39$995,000$995,000$995,000$995,000
40$1,102,109$1,049,374$1,033,951$1,170,224
41$1,184,730$1,070,999$1,038,795$1,237,958
42$1,274,840$1,092,746$1,042,862$1,308,125
43$1,373,173$1,114,590$1,046,097$1,384,044
44$1,480,538$1,136,505$1,048,442$1,466,273
45$1,597,823$1,158,465$1,049,836$1,555,425
46$1,726,010$1,180,438$1,050,214$1,652,178
47$1,866,175$1,202,392$1,049,509$1,757,275
48$2,019,507$1,224,292$1,047,649$1,871,539
49$2,187,313$1,246,098$1,044,562$1,995,873
50$2,371,032$1,267,770$1,040,168$2,131,274
51$2,572,250$1,289,263$1,034,386$2,278,840
52$2,792,712$1,310,530$1,027,130$2,439,780
53$3,034,341$1,331,518$1,018,312$2,615,429
54$3,299,255$1,352,174$1,007,836$2,807,254
55$3,589,786$1,372,437$995,605$3,016,875
56$3,908,501$1,392,244$981,516$3,246,077
57$4,258,232$1,411,527$965,460$3,496,824
58$4,642,093$1,430,214$947,325$3,771,286
59$5,063,518$1,448,226$926,992$4,071,848
60$5,526,289$1,465,480$904,337$4,401,144
61$6,034,570$1,481,889$879,232$4,762,075
62$6,592,951$1,497,356$851,541$5,157,837
63$7,206,486$1,511,781$821,122$5,591,954
64$7,880,745$1,525,056$787,828$6,068,310
65$8,621,864$1,537,066$751,502$6,591,185
66$9,436,601$1,547,689$711,984$7,165,297
67$10,332,403$1,556,795$669,105$7,795,845
68$11,317,475$1,564,245$622,687$8,488,561
69$12,400,857$1,569,891$572,546$9,249,760
70$13,592,506$1,573,578$518,488$10,086,405
71$14,903,397$1,575,139$460,313$11,006,169
72$16,345,619$1,574,396$397,809$12,017,509
73$17,932,493$1,571,162$330,756$13,129,747
74$19,678,696$1,565,238$258,926$14,353,157
75$21,600,401$1,556,412$182,077$15,699,061
76$23,715,425$1,544,460$99,960$17,179,942
77$26,043,403$1,529,143$12,313$18,809,554
78$28,605,968$1,510,209$0$20,603,059
79$31,426,958$1,487,391$0$22,584,966
80$34,532,640$1,460,405$0$24,767,663
81$37,951,955$1,428,950$0$27,170,293
82$41,716,795$1,392,710$0$29,815,257
83$45,862,302$1,351,347$0$32,727,247
84$50,427,198$1,304,504$0$35,933,470
85$55,454,152$1,251,804$0$39,463,913
86$60,990,181$1,192,849$0$43,351,624
87$67,087,097$1,127,215$0$47,633,023
88$73,801,989$1,054,457$0$52,348,250
89$81,197,769$974,103$0$57,541,541
90$89,343,759$885,651$0$63,261,645
91$98,316,351$788,577$0$69,562,291
92$108,199,722$682,320$0$76,502,689
93$119,086,633$566,293$0$84,148,094
94$131,079,300$439,872$0$92,570,423
95$144,290,364$302,401$0$101,848,930
96$158,843,946$153,184$0$112,070,960
97$174,876,827$0$0$123,332,774
98$192,539,732$0$0$135,742,984
99$211,998,756$0$0$149,465,424
100$233,436,929$0$0$164,583,668