Can I retire at age 40 with 990,000?

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 $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%13.1%
1 years$81,753$81,025$80,315$79,621$78,944$77,925
2 years$40,472$39,718$38,988$38,279$37,592$36,567
3 years$26,713$25,956$25,228$24,526$23,850$22,851
4 years$19,835$19,081$18,359$17,670$17,010$16,044
5 years$15,710$14,959$14,248$13,572$12,931$12,001
6 years$12,960$12,215$11,514$10,854$10,232$9,339
7 years$10,997$10,259$9,568$8,923$8,321$7,466
8 years$9,525$8,793$8,115$7,486$6,903$6,086
9 years$8,381$7,656$6,989$6,376$5,813$5,033
10 years$7,466$6,749$6,093$5,496$4,953$4,210
11 years$6,718$6,008$5,364$4,783$4,260$3,553
12 years$6,095$5,392$4,761$4,196$3,692$3,019
13 years$5,569$4,873$4,253$3,704$3,219$2,581
14 years$5,118$4,430$3,822$3,288$2,822$2,217
15 years$4,727$4,046$3,451$2,932$2,485$1,912
16 years$4,386$3,713$3,128$2,626$2,196$1,655
17 years$4,085$3,419$2,847$2,359$1,947$1,436
18 years$3,818$3,159$2,599$2,126$1,731$1,250
19 years$3,579$2,928$2,379$1,921$1,543$1,089
20 years$3,365$2,721$2,183$1,740$1,378$951
21 years$3,171$2,534$2,008$1,579$1,233$832
22 years$2,995$2,366$1,851$1,436$1,106$729
23 years$2,834$2,213$1,709$1,308$992$639
24 years$2,687$2,073$1,581$1,193$892$561
25 years$2,552$1,946$1,464$1,089$803$493
26 years$2,428$1,829$1,358$996$723$433
27 years$2,313$1,721$1,261$912$652$381
28 years$2,206$1,622$1,172$835$588$336
29 years$2,107$1,530$1,091$766$531$296
30 years$2,015$1,445$1,016$703$480$261
31 years$1,929$1,366$947$646$434$230
32 years$1,848$1,292$884$593$392$203
33 years$1,773$1,224$825$546$355$179
34 years$1,702$1,160$771$502$322$158
35 years$1,635$1,100$721$462$291$139
36 years$1,572$1,044$674$426$264$123
37 years$1,513$992$631$392$239$108
38 years$1,457$942$591$361$217$96
39 years$1,404$896$554$333$197$85
40 years$1,353$853$519$307$178$75
41 years$1,306$812$487$284$162$66
42 years$1,260$773$456$262$147$58
43 years$1,217$737$428$242$133$52
44 years$1,176$702$402$223$121$46
45 years$1,137$669$378$206$110$40
46 years$1,100$639$355$190$100$36
47 years$1,064$609$333$176$91$31
48 years$1,030$582$313$162$82$28
49 years$998$556$294$150$75$25
50 years$967$531$277$139$68$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $990,000, adding $2,456 every year, while hoping to spend $54,237 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: 46/27/27 Blend
39$990,000$990,000$990,000$990,000
40$1,093,513$1,041,043$1,025,698$1,135,219
41$1,147,344$1,034,347$1,002,352$1,158,264
42$1,204,848$1,025,504$976,405$1,177,795
43$1,266,341$1,014,353$947,714$1,197,932
44$1,332,173$1,000,722$916,127$1,218,763
45$1,402,725$984,428$881,488$1,240,384
46$1,478,416$965,277$843,630$1,262,908
47$1,559,704$943,065$802,381$1,286,460
48$1,647,094$917,575$757,561$1,311,185
49$1,741,139$888,578$708,981$1,337,245
50$1,842,447$855,830$656,444$1,364,826
51$1,951,685$819,075$599,743$1,394,135
52$2,069,587$778,039$538,665$1,425,407
53$2,196,958$732,436$472,983$1,458,907
54$2,334,683$681,961$402,464$1,494,931
55$2,483,736$626,293$326,862$1,533,814
56$2,645,186$565,090$245,920$1,575,930
57$2,820,210$497,994$159,373$1,621,699
58$3,010,100$424,624$66,941$1,671,591
59$3,216,279$344,580$0$1,726,133
60$3,440,312$257,437$0$1,795,046
61$3,683,919$162,746$0$1,891,029
62$3,948,994$60,036$0$1,995,601
63$4,237,620$0$0$2,109,676
64$4,552,090$0$0$2,249,476
65$4,894,925$0$0$2,421,437
66$5,268,904$0$0$2,609,128
67$5,677,081$0$0$2,814,095
68$6,122,820$0$0$3,038,041
69$6,609,826$0$0$3,282,844
70$7,142,174$0$0$3,550,565
71$7,724,353$0$0$3,843,481
72$8,361,306$0$0$4,164,092
73$9,058,473$0$0$4,515,155
74$9,821,847$0$0$4,899,707
75$10,658,027$0$0$5,321,089
76$11,574,279$0$0$5,782,983
77$12,578,606$0$0$6,289,442
78$13,679,823$0$0$6,844,934
79$14,887,638$0$0$7,454,375
80$16,212,742$0$0$8,123,185
81$17,666,914$0$0$8,857,329
82$19,263,127$0$0$9,663,382
83$21,015,670$0$0$10,548,584
84$22,940,284$0$0$11,520,913
85$25,054,312$0$0$12,589,154
86$27,376,855$0$0$13,762,990
87$29,928,959$0$0$15,053,083
88$32,733,806$0$0$16,471,183
89$35,816,938$0$0$18,030,234
90$39,206,495$0$0$19,744,497
91$42,933,479$0$0$21,629,682
92$47,032,043$0$0$23,703,101
93$51,539,821$0$0$25,983,824
94$56,498,274$0$0$28,492,867
95$61,953,082$0$0$31,253,380
96$67,954,579$0$0$34,290,875
97$74,558,219$0$0$37,633,457
98$81,825,108$0$0$41,312,098
99$89,822,571$0$0$45,360,922
100$98,624,791$0$0$49,817,527