Can I retire at age 40 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$82,249$81,516$80,801$80,104$79,422$76,301
2 years$40,717$39,959$39,224$38,511$37,820$34,714
3 years$26,875$26,114$25,380$24,675$23,995$21,001
4 years$19,956$19,196$18,470$17,777$17,113$14,255
5 years$15,805$15,050$14,334$13,654$13,009$10,294
6 years$13,039$12,290$11,584$10,919$10,294$7,723
7 years$11,063$10,321$9,626$8,977$8,372$5,944
8 years$9,583$8,847$8,164$7,531$6,945$4,659
9 years$8,432$7,703$7,032$6,415$5,849$3,700
10 years$7,511$6,790$6,130$5,530$4,983$2,969
11 years$6,759$6,044$5,397$4,812$4,286$2,400
12 years$6,132$5,425$4,790$4,221$3,714$1,952
13 years$5,603$4,903$4,279$3,727$3,239$1,595
14 years$5,149$4,456$3,845$3,308$2,839$1,309
15 years$4,756$4,071$3,471$2,950$2,500$1,077
16 years$4,413$3,735$3,147$2,642$2,209$889
17 years$4,110$3,440$2,864$2,373$1,959$735
18 years$3,841$3,179$2,614$2,139$1,742$608
19 years$3,601$2,946$2,393$1,933$1,552$504
20 years$3,385$2,737$2,197$1,750$1,387$419
21 years$3,190$2,550$2,020$1,589$1,241$348
22 years$3,013$2,380$1,862$1,444$1,112$289
23 years$2,851$2,226$1,719$1,315$998$241
24 years$2,704$2,086$1,590$1,200$897$200
25 years$2,568$1,957$1,473$1,096$808$167
26 years$2,443$1,840$1,366$1,002$727$139
27 years$2,327$1,731$1,268$917$656$116
28 years$2,220$1,631$1,179$840$592$97
29 years$2,120$1,539$1,097$770$534$81
30 years$2,027$1,453$1,022$707$483$67
31 years$1,941$1,374$953$649$437$56
32 years$1,860$1,300$889$597$395$47
33 years$1,784$1,231$830$549$357$39
34 years$1,712$1,167$776$505$324$33
35 years$1,645$1,107$725$465$293$27
36 years$1,582$1,050$678$428$266$23
37 years$1,522$998$635$394$241$19
38 years$1,466$948$595$364$218$16
39 years$1,412$902$557$335$198$13
40 years$1,362$858$522$309$179$11
41 years$1,314$817$490$285$163$9
42 years$1,268$778$459$263$148$8
43 years$1,225$741$431$243$134$6
44 years$1,183$706$404$224$122$5
45 years$1,144$674$380$207$110$4
46 years$1,107$643$357$191$100$4
47 years$1,071$613$335$177$91$3
48 years$1,036$585$315$163$83$3
49 years$1,004$559$296$151$75$2
50 years$972$534$278$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $996,000, adding $3,623 every year, while hoping to spend $20,902 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: 42/48/10 Blend
39$996,000$996,000$996,000$996,000
40$1,101,329$1,048,541$1,033,103$1,144,211
41$1,191,425$1,077,680$1,045,473$1,203,673
42$1,290,010$1,107,546$1,057,556$1,265,638
43$1,397,929$1,138,153$1,069,321$1,332,264
44$1,516,109$1,169,515$1,080,735$1,403,986
45$1,645,576$1,201,644$1,091,763$1,481,279
46$1,787,454$1,234,555$1,102,367$1,564,668
47$1,942,986$1,268,260$1,112,508$1,654,731
48$2,113,539$1,302,772$1,122,145$1,752,102
49$2,300,618$1,338,106$1,131,235$1,857,481
50$2,505,881$1,374,273$1,139,731$1,971,636
51$2,731,154$1,411,286$1,147,586$2,095,415
52$2,978,451$1,449,158$1,154,748$2,229,750
53$3,249,986$1,487,899$1,161,166$2,375,666
54$3,548,201$1,527,523$1,166,781$2,534,295
55$3,875,786$1,568,040$1,171,537$2,706,880
56$4,235,703$1,609,461$1,175,370$2,894,792
57$4,631,216$1,651,796$1,178,216$3,099,539
58$5,065,920$1,695,055$1,180,007$3,322,785
59$5,543,778$1,739,246$1,180,671$3,566,359
60$6,069,153$1,784,379$1,180,133$3,832,278
61$6,646,853$1,830,460$1,178,314$4,122,764
62$7,282,176$1,877,496$1,175,132$4,440,263
63$7,980,958$1,925,494$1,170,499$4,787,470
64$8,749,630$1,974,457$1,164,325$5,167,354
65$9,595,277$2,024,390$1,156,515$5,583,188
66$10,525,705$2,075,296$1,146,968$6,038,576
67$11,549,516$2,127,174$1,135,580$6,537,487
68$12,676,187$2,180,025$1,122,242$7,084,298
69$13,916,159$2,233,848$1,106,839$7,683,828
70$15,280,939$2,288,638$1,089,249$8,341,390
71$16,783,205$2,344,391$1,069,349$9,062,835
72$18,436,925$2,401,100$1,047,006$9,854,611
73$20,257,493$2,458,755$1,022,082$10,723,825
74$22,261,868$2,517,346$994,433$11,678,306
75$24,468,741$2,576,858$963,908$12,726,681
76$26,898,703$2,637,275$930,350$13,878,458
77$29,574,448$2,698,578$893,594$15,144,113
78$32,520,979$2,760,745$853,466$16,535,190
79$35,765,849$2,823,752$809,788$18,064,410
80$39,339,419$2,887,569$762,369$19,745,793
81$43,275,145$2,952,166$711,014$21,594,786
82$47,609,893$3,017,505$655,516$23,628,414
83$52,384,287$3,083,548$595,661$25,865,436
84$57,643,092$3,150,249$531,223$28,326,527
85$63,435,637$3,217,561$461,968$31,034,469
86$69,816,279$3,285,428$387,651$34,014,368
87$76,844,918$3,353,793$308,016$37,293,894
88$84,587,560$3,422,590$222,796$40,903,535
89$93,116,943$3,491,748$131,711$44,876,893
90$102,513,219$3,561,191$34,471$49,250,998
91$112,864,712$3,630,835$0$54,066,656
92$124,268,755$3,700,588$0$59,376,233
93$136,832,604$3,770,353$0$65,226,297
94$150,674,451$3,840,021$0$71,667,819
95$165,924,541$3,909,478$0$78,761,022
96$182,726,401$3,978,599$0$86,572,273
97$201,238,194$4,047,251$0$95,174,709
98$221,634,211$4,115,288$0$104,648,925
99$244,106,518$4,182,555$0$115,083,740
100$268,866,768$4,248,885$0$126,577,030