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%11.9%
1 years$81,753$81,025$80,315$79,621$78,944$78,315
2 years$40,472$39,718$38,988$38,279$37,592$36,959
3 years$26,713$25,956$25,228$24,526$23,850$23,231
4 years$19,835$19,081$18,359$17,670$17,010$16,410
5 years$15,710$14,959$14,248$13,572$12,931$12,352
6 years$12,960$12,215$11,514$10,854$10,232$9,675
7 years$10,997$10,259$9,568$8,923$8,321$7,786
8 years$9,525$8,793$8,115$7,486$6,903$6,391
9 years$8,381$7,656$6,989$6,376$5,813$5,323
10 years$7,466$6,749$6,093$5,496$4,953$4,484
11 years$6,718$6,008$5,364$4,783$4,260$3,812
12 years$6,095$5,392$4,761$4,196$3,692$3,265
13 years$5,569$4,873$4,253$3,704$3,219$2,813
14 years$5,118$4,430$3,822$3,288$2,822$2,436
15 years$4,727$4,046$3,451$2,932$2,485$2,118
16 years$4,386$3,713$3,128$2,626$2,196$1,848
17 years$4,085$3,419$2,847$2,359$1,947$1,617
18 years$3,818$3,159$2,599$2,126$1,731$1,419
19 years$3,579$2,928$2,379$1,921$1,543$1,248
20 years$3,365$2,721$2,183$1,740$1,378$1,100
21 years$3,171$2,534$2,008$1,579$1,233$970
22 years$2,995$2,366$1,851$1,436$1,106$858
23 years$2,834$2,213$1,709$1,308$992$759
24 years$2,687$2,073$1,581$1,193$892$673
25 years$2,552$1,946$1,464$1,089$803$596
26 years$2,428$1,829$1,358$996$723$529
27 years$2,313$1,721$1,261$912$652$470
28 years$2,206$1,622$1,172$835$588$418
29 years$2,107$1,530$1,091$766$531$372
30 years$2,015$1,445$1,016$703$480$331
31 years$1,929$1,366$947$646$434$295
32 years$1,848$1,292$884$593$392$262
33 years$1,773$1,224$825$546$355$234
34 years$1,702$1,160$771$502$322$208
35 years$1,635$1,100$721$462$291$186
36 years$1,572$1,044$674$426$264$166
37 years$1,513$992$631$392$239$148
38 years$1,457$942$591$361$217$132
39 years$1,404$896$554$333$197$118
40 years$1,353$853$519$307$178$105
41 years$1,306$812$487$284$162$94
42 years$1,260$773$456$262$147$84
43 years$1,217$737$428$242$133$75
44 years$1,176$702$402$223$121$67
45 years$1,137$669$378$206$110$60
46 years$1,100$639$355$190$100$53
47 years$1,064$609$333$176$91$47
48 years$1,030$582$313$162$82$42
49 years$998$556$294$150$75$38
50 years$967$531$277$139$68$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $990,000, adding $5,202 every year, while hoping to spend $39,418 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: 58/34/8 Blend
39$990,000$990,000$990,000$990,000
40$1,096,346$1,043,876$1,028,531$1,157,667
41$1,166,233$1,053,085$1,021,046$1,208,715
42$1,241,927$1,061,425$1,011,990$1,259,425
43$1,323,979$1,068,810$1,001,267$1,313,724
44$1,412,995$1,075,152$988,779$1,371,959
45$1,509,641$1,080,355$974,424$1,434,514
46$1,614,648$1,084,317$958,091$1,501,811
47$1,728,824$1,086,930$939,669$1,574,317
48$1,853,055$1,088,080$919,038$1,652,550
49$1,988,315$1,087,645$896,075$1,737,078
50$2,135,679$1,085,495$870,650$1,828,531
51$2,296,328$1,081,494$842,626$1,927,604
52$2,471,561$1,075,495$811,861$2,035,064
53$2,662,810$1,067,343$778,208$2,151,759
54$2,871,649$1,056,876$741,511$2,278,624
55$3,099,813$1,043,918$701,607$2,416,692
56$3,349,210$1,028,287$658,327$2,567,103
57$3,621,942$1,009,785$611,494$2,731,116
58$3,920,322$988,207$560,921$2,910,122
59$4,246,899$963,333$506,416$3,105,655
60$4,604,479$934,932$447,776$3,319,408
61$4,996,149$902,758$384,791$3,553,253
62$5,425,314$866,550$317,238$3,809,251
63$5,895,719$826,034$244,889$4,089,682
64$6,411,492$780,919$167,503$4,397,060
65$6,977,177$730,898$84,827$4,734,159
66$7,597,782$675,644$0$5,104,041
67$8,278,819$614,815$0$5,510,377
68$9,026,364$548,045$0$5,964,351
69$9,847,105$474,952$0$6,462,854
70$10,748,414$395,129$0$7,010,452
71$11,738,409$308,147$0$7,612,181
72$12,826,034$213,553$0$8,273,595
73$14,021,141$110,869$0$9,000,822
74$15,334,585$0$0$9,800,619
75$16,778,323$0$0$10,680,592
76$18,365,531$0$0$11,693,703
77$20,110,722$0$0$12,807,748
78$22,029,888$0$0$14,032,946
79$24,140,647$0$0$15,380,557
80$26,462,410$0$0$16,862,986
81$29,016,564$0$0$18,493,901
82$31,826,674$0$0$20,288,363
83$34,918,704$0$0$22,262,964
84$38,321,260$0$0$24,435,989
85$42,065,864$0$0$26,827,581
86$46,187,247$0$0$29,459,938
87$50,723,676$0$0$32,357,517
88$55,717,319$0$0$35,547,269
89$61,214,639$0$0$39,058,887
90$67,266,830$0$0$42,925,094
91$73,930,307$0$0$47,181,942
92$81,267,229$0$0$51,869,162
93$89,346,093$0$0$57,030,530
94$98,242,373$0$0$62,714,285
95$108,039,238$0$0$68,973,582
96$118,828,331$0$0$75,866,995
97$130,710,638$0$0$83,459,066
98$143,797,438$0$0$91,820,917
99$158,211,352$0$0$101,030,922
100$174,087,503$0$0$111,175,442