Can I retire at age 40 with 998,000?

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 $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%14.8%
1 years$82,414$81,680$80,964$80,265$79,582$78,007
2 years$40,799$40,039$39,303$38,589$37,896$36,316
3 years$26,929$26,166$25,431$24,724$24,043$22,507
4 years$19,996$19,235$18,508$17,812$17,148$15,668
5 years$15,837$15,080$14,363$13,682$13,035$11,616
6 years$13,065$12,314$11,607$10,941$10,314$8,956
7 years$11,086$10,341$9,646$8,995$8,388$7,092
8 years$9,602$8,865$8,180$7,546$6,959$5,725
9 years$8,449$7,718$7,046$6,428$5,860$4,687
10 years$7,527$6,803$6,143$5,541$4,993$3,880
11 years$6,773$6,056$5,408$4,822$4,294$3,239
12 years$6,145$5,436$4,799$4,230$3,722$2,723
13 years$5,614$4,913$4,288$3,734$3,245$2,302
14 years$5,159$4,465$3,853$3,315$2,845$1,955
15 years$4,766$4,079$3,478$2,956$2,505$1,667
16 years$4,422$3,743$3,154$2,647$2,214$1,425
17 years$4,118$3,447$2,870$2,378$1,963$1,222
18 years$3,849$3,185$2,620$2,143$1,745$1,050
19 years$3,608$2,952$2,398$1,937$1,556$904
20 years$3,392$2,743$2,201$1,754$1,389$780
21 years$3,196$2,555$2,024$1,592$1,243$673
22 years$3,019$2,385$1,866$1,447$1,115$582
23 years$2,857$2,231$1,723$1,318$1,000$504
24 years$2,709$2,090$1,593$1,202$899$436
25 years$2,573$1,961$1,476$1,098$809$378
26 years$2,448$1,843$1,369$1,004$729$328
27 years$2,332$1,735$1,271$919$657$285
28 years$2,224$1,635$1,181$842$593$247
29 years$2,124$1,542$1,099$772$535$215
30 years$2,031$1,456$1,024$709$484$187
31 years$1,945$1,377$955$651$437$162
32 years$1,863$1,303$891$598$396$141
33 years$1,787$1,234$832$550$358$123
34 years$1,716$1,169$777$506$324$107
35 years$1,648$1,109$727$466$294$93
36 years$1,585$1,053$680$429$266$81
37 years$1,525$1,000$636$395$241$70
38 years$1,469$950$596$364$219$61
39 years$1,415$903$558$336$198$53
40 years$1,364$860$523$310$180$46
41 years$1,316$818$491$286$163$40
42 years$1,271$779$460$264$148$35
43 years$1,227$742$432$244$134$31
44 years$1,186$708$405$225$122$27
45 years$1,146$675$381$208$111$23
46 years$1,109$644$357$192$101$20
47 years$1,073$614$336$177$91$18
48 years$1,039$587$316$164$83$15
49 years$1,006$560$297$151$75$13
50 years$974$535$279$140$68$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $998,000, adding $6,798 every year, while hoping to spend $25,728 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: 37/48/15 Blend
39$998,000$998,000$998,000$998,000
40$1,106,808$1,053,914$1,038,445$1,142,477
41$1,192,328$1,078,182$1,045,859$1,192,995
42$1,285,709$1,102,776$1,052,658$1,244,565
43$1,387,725$1,127,686$1,058,796$1,299,714
44$1,499,229$1,152,899$1,064,222$1,358,776
45$1,621,161$1,178,401$1,068,884$1,422,118
46$1,754,553$1,204,176$1,072,725$1,490,146
47$1,900,544$1,230,208$1,075,688$1,563,306
48$2,060,388$1,256,476$1,077,712$1,642,090
49$2,235,465$1,282,960$1,078,732$1,727,040
50$2,427,294$1,309,637$1,078,682$1,818,755
51$2,637,550$1,336,481$1,077,489$1,917,891
52$2,868,076$1,363,465$1,075,081$2,025,178
53$3,120,903$1,390,557$1,071,379$2,141,414
54$3,398,267$1,417,727$1,066,303$2,267,482
55$3,702,631$1,444,937$1,059,765$2,404,357
56$4,036,710$1,472,149$1,051,678$2,553,110
57$4,403,492$1,499,322$1,041,946$2,714,926
58$4,806,269$1,526,410$1,030,473$2,891,109
59$5,248,668$1,553,364$1,017,153$3,083,097
60$5,734,686$1,580,132$1,001,881$3,292,476
61$6,268,722$1,606,657$984,543$3,520,995
62$6,855,627$1,632,878$965,020$3,770,583
63$7,500,743$1,658,731$943,190$4,043,365
64$8,209,954$1,684,144$918,922$4,341,686
65$8,989,745$1,709,043$892,082$4,668,130
66$9,847,259$1,733,346$862,527$5,025,549
67$10,790,368$1,756,968$830,110$5,417,085
68$11,827,742$1,779,817$794,675$5,846,203
69$12,968,937$1,801,792$756,061$6,316,725
70$14,224,478$1,822,790$714,099$6,832,863
71$15,605,965$1,842,697$668,612$7,399,263
72$17,126,177$1,861,392$619,414$8,021,046
73$18,799,195$1,878,749$566,313$8,703,859
74$20,640,535$1,894,630$509,106$9,453,929
75$22,667,292$1,908,889$447,584$10,278,121
76$24,898,303$1,921,372$381,525$11,184,002
77$27,354,324$1,931,913$310,700$12,179,917
78$30,058,226$1,940,338$234,869$13,275,067
79$33,035,209$1,946,458$153,781$14,479,593
80$36,313,042$1,950,076$67,175$15,804,678
81$39,922,324$1,950,982$0$17,262,650
82$43,896,771$1,948,950$0$18,871,141
83$48,273,536$1,943,743$0$20,652,829
84$53,093,559$1,935,109$0$22,613,516
85$58,401,953$1,922,780$0$24,771,462
86$64,248,427$1,906,471$0$27,146,792
87$70,687,760$1,885,882$0$29,761,690
88$77,780,314$1,860,692$0$32,640,606
89$85,592,604$1,830,564$0$35,810,490
90$94,197,927$1,795,139$0$39,301,048
91$103,677,051$1,754,037$0$43,145,020
92$114,118,981$1,706,854$0$47,378,495
93$125,621,793$1,653,167$0$52,041,247
94$138,293,567$1,592,523$0$57,177,116
95$152,253,400$1,524,446$0$62,834,424
96$167,632,533$1,448,430$0$69,066,428
97$184,575,591$1,363,942$0$75,931,828
98$203,241,943$1,270,417$0$83,495,320
99$223,807,212$1,167,258$0$91,828,212
100$246,464,928$1,053,834$0$101,009,095