Can I retire at age 40 with 1,990,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$164,332$162,869$161,440$160,046$158,685$154,224
2 years$81,353$79,838$78,369$76,945$75,564$71,104
3 years$53,696$52,175$50,710$49,300$47,941$43,621
4 years$39,871$38,354$36,904$35,518$34,192$30,045
5 years$31,578$30,070$28,639$27,281$25,992$22,030
6 years$26,051$24,554$23,145$21,817$20,567$16,793
7 years$22,105$20,621$19,233$17,937$16,726$13,141
8 years$19,146$17,676$16,311$15,047$13,876$10,478
9 years$16,847$15,390$14,049$12,816$11,686$8,471
10 years$15,008$13,565$12,248$11,048$9,957$6,921
11 years$13,504$12,077$10,783$9,615$8,563$5,702
12 years$12,253$10,839$9,570$8,434$7,421$4,728
13 years$11,194$9,796$8,550$7,446$6,471$3,941
14 years$10,288$8,904$7,682$6,609$5,672$3,299
15 years$9,503$8,134$6,936$5,894$4,994$2,771
16 years$8,816$7,463$6,288$5,278$4,414$2,335
17 years$8,212$6,873$5,722$4,742$3,914$1,972
18 years$7,675$6,351$5,224$4,274$3,480$1,668
19 years$7,195$5,886$4,782$3,862$3,102$1,414
20 years$6,763$5,469$4,389$3,497$2,771$1,200
21 years$6,374$5,095$4,037$3,174$2,479$1,020
22 years$6,020$4,756$3,720$2,886$2,222$868
23 years$5,697$4,448$3,435$2,628$1,995$739
24 years$5,402$4,167$3,177$2,397$1,793$629
25 years$5,131$3,911$2,943$2,189$1,614$536
26 years$4,881$3,676$2,729$2,002$1,453$458
27 years$4,649$3,459$2,534$1,832$1,310$390
28 years$4,435$3,259$2,356$1,679$1,182$333
29 years$4,236$3,075$2,192$1,539$1,068$285
30 years$4,051$2,904$2,042$1,413$965$243
31 years$3,878$2,745$1,904$1,298$872$208
32 years$3,716$2,598$1,776$1,192$789$177
33 years$3,564$2,460$1,658$1,097$714$152
34 years$3,421$2,331$1,550$1,009$646$130
35 years$3,287$2,211$1,449$929$586$111
36 years$3,161$2,099$1,355$855$530$95
37 years$3,041$1,993$1,269$788$481$81
38 years$2,928$1,894$1,188$726$436$69
39 years$2,822$1,801$1,113$670$395$59
40 years$2,721$1,714$1,043$618$359$51
41 years$2,625$1,632$978$570$325$43
42 years$2,534$1,554$918$526$295$37
43 years$2,447$1,480$861$486$268$32
44 years$2,364$1,411$808$448$243$27
45 years$2,286$1,346$759$414$221$23
46 years$2,211$1,284$713$382$200$20
47 years$2,139$1,225$670$353$182$17
48 years$2,071$1,170$629$327$165$14
49 years$2,006$1,117$591$302$150$12
50 years$1,943$1,067$556$279$136$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,990,000, adding $2,021 every year, while hoping to spend $54,559 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: 62/22/16 Blend
39$1,990,000$1,990,000$1,990,000$1,990,000
40$2,195,065$2,089,595$2,058,750$2,322,262
41$2,360,911$2,133,934$2,069,667$2,452,386
42$2,541,845$2,178,618$2,079,122$2,588,028
43$2,739,348$2,223,605$2,087,008$2,734,806
44$2,955,051$2,268,851$2,093,212$2,893,805
45$3,190,748$2,314,308$2,097,617$3,066,221
46$3,448,417$2,359,921$2,100,099$3,253,372
47$3,730,232$2,405,634$2,100,530$3,456,710
48$4,038,590$2,451,384$2,098,772$3,677,835
49$4,376,129$2,497,105$2,094,683$3,918,511
50$4,745,753$2,542,722$2,088,114$4,180,680
51$5,150,662$2,588,157$2,078,907$4,466,484
52$5,594,377$2,633,324$2,066,899$4,778,285
53$6,080,780$2,678,133$2,051,916$5,118,682
54$6,614,142$2,722,485$2,033,778$5,490,543
55$7,199,171$2,766,273$2,012,296$5,897,029
56$7,841,050$2,809,384$1,987,271$6,341,621
57$8,545,489$2,851,695$1,958,497$6,828,160
58$9,318,777$2,893,077$1,925,755$7,360,875
59$10,167,842$2,933,388$1,888,818$7,944,432
60$11,100,317$2,972,478$1,847,448$8,583,970
61$12,124,608$3,010,188$1,801,395$9,285,155
62$13,249,976$3,046,345$1,750,400$10,054,233
63$14,486,624$3,080,767$1,694,189$10,898,088
64$15,845,793$3,113,258$1,632,478$11,824,307
65$17,339,865$3,143,609$1,564,967$12,841,254
66$18,982,483$3,171,598$1,491,346$13,958,148
67$20,788,678$3,196,987$1,411,287$15,185,148
68$22,775,009$3,219,526$1,324,451$16,533,457
69$24,959,721$3,238,944$1,230,482$18,015,417
70$27,362,917$3,254,956$1,129,007$19,644,638
71$30,006,743$3,267,258$1,019,637$21,436,116
72$32,915,603$3,275,526$901,967$23,406,384
73$36,116,384$3,279,416$775,573$25,573,662
74$39,638,712$3,278,564$640,011$27,958,036
75$43,515,228$3,272,581$494,819$30,581,642
76$47,781,901$3,261,057$339,515$33,468,879
77$52,478,359$3,243,553$173,593$36,646,640
78$57,648,272$3,219,607$0$40,144,569
79$63,339,755$3,188,727$0$43,995,929
80$69,605,826$3,150,392$0$48,267,802
81$76,504,908$3,104,049$0$52,970,309
82$84,101,374$3,049,112$0$58,147,296
83$92,466,158$2,984,962$0$63,847,086
84$101,677,423$2,910,942$0$70,122,929
85$111,821,297$2,826,356$0$77,033,513
86$122,992,690$2,730,467$0$84,643,511
87$135,296,181$2,622,498$0$93,024,196
88$148,847,013$2,501,622$0$102,254,116
89$163,772,175$2,366,967$0$112,419,833
90$180,211,600$2,217,612$0$123,616,741
91$198,319,489$2,052,580$0$135,949,970
92$218,265,760$1,870,840$0$149,535,377
93$240,237,659$1,671,303$0$164,500,643
94$264,441,518$1,452,814$0$180,986,476
95$291,104,709$1,214,158$0$199,147,944
96$320,477,784$954,047$0$219,155,937
97$352,836,847$671,124$0$241,198,784
98$388,486,148$363,952$0$265,484,031
99$427,760,967$31,018$0$292,240,403
100$471,030,769$0$0$321,719,962