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%12.2%
1 years$81,753$81,025$80,315$79,621$78,944$78,217
2 years$40,472$39,718$38,988$38,279$37,592$36,860
3 years$26,713$25,956$25,228$24,526$23,850$23,135
4 years$19,835$19,081$18,359$17,670$17,010$16,318
5 years$15,710$14,959$14,248$13,572$12,931$12,263
6 years$12,960$12,215$11,514$10,854$10,232$9,590
7 years$10,997$10,259$9,568$8,923$8,321$7,705
8 years$9,525$8,793$8,115$7,486$6,903$6,313
9 years$8,381$7,656$6,989$6,376$5,813$5,249
10 years$7,466$6,749$6,093$5,496$4,953$4,414
11 years$6,718$6,008$5,364$4,783$4,260$3,746
12 years$6,095$5,392$4,761$4,196$3,692$3,202
13 years$5,569$4,873$4,253$3,704$3,219$2,753
14 years$5,118$4,430$3,822$3,288$2,822$2,379
15 years$4,727$4,046$3,451$2,932$2,485$2,065
16 years$4,386$3,713$3,128$2,626$2,196$1,798
17 years$4,085$3,419$2,847$2,359$1,947$1,570
18 years$3,818$3,159$2,599$2,126$1,731$1,375
19 years$3,579$2,928$2,379$1,921$1,543$1,206
20 years$3,365$2,721$2,183$1,740$1,378$1,061
21 years$3,171$2,534$2,008$1,579$1,233$934
22 years$2,995$2,366$1,851$1,436$1,106$824
23 years$2,834$2,213$1,709$1,308$992$727
24 years$2,687$2,073$1,581$1,193$892$643
25 years$2,552$1,946$1,464$1,089$803$569
26 years$2,428$1,829$1,358$996$723$504
27 years$2,313$1,721$1,261$912$652$446
28 years$2,206$1,622$1,172$835$588$396
29 years$2,107$1,530$1,091$766$531$351
30 years$2,015$1,445$1,016$703$480$312
31 years$1,929$1,366$947$646$434$277
32 years$1,848$1,292$884$593$392$246
33 years$1,773$1,224$825$546$355$219
34 years$1,702$1,160$771$502$322$194
35 years$1,635$1,100$721$462$291$173
36 years$1,572$1,044$674$426$264$154
37 years$1,513$992$631$392$239$137
38 years$1,457$942$591$361$217$122
39 years$1,404$896$554$333$197$108
40 years$1,353$853$519$307$178$96
41 years$1,306$812$487$284$162$86
42 years$1,260$773$456$262$147$76
43 years$1,217$737$428$242$133$68
44 years$1,176$702$402$223$121$61
45 years$1,137$669$378$206$110$54
46 years$1,100$639$355$190$100$48
47 years$1,064$609$333$176$91$43
48 years$1,030$582$313$162$82$38
49 years$998$556$294$150$75$34
50 years$967$531$277$139$68$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $990,000, adding $6,028 every year, while hoping to spend $40,324 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: 67/11/22 Blend
39$990,000$990,000$990,000$990,000
40$1,097,198$1,044,728$1,029,383$1,164,203
41$1,166,208$1,053,015$1,020,963$1,218,181
42$1,240,905$1,060,357$1,010,909$1,272,004
43$1,321,827$1,066,664$999,125$1,329,914
44$1,409,566$1,071,843$985,507$1,392,312
45$1,504,770$1,075,792$969,951$1,459,644
46$1,608,155$1,078,405$952,343$1,532,400
47$1,720,508$1,079,567$932,567$1,611,120
48$1,842,692$1,079,159$910,501$1,696,401
49$1,975,661$1,077,051$886,016$1,788,903
50$2,120,459$1,073,108$858,979$1,889,352
51$2,278,241$1,067,185$829,249$1,998,550
52$2,450,274$1,059,129$796,681$2,117,384
53$2,637,952$1,048,777$761,121$2,246,829
54$2,842,814$1,035,957$722,409$2,387,964
55$3,066,548$1,020,487$680,377$2,541,978
56$3,311,017$1,002,172$634,850$2,710,184
57$3,578,270$980,807$585,647$2,894,029
58$3,870,563$956,176$532,575$3,095,111
59$4,190,380$928,048$475,436$3,315,193
60$4,540,456$896,180$414,021$3,556,219
61$4,923,804$860,314$348,112$3,820,333
62$5,343,740$820,178$277,482$4,109,903
63$5,803,918$775,483$201,894$4,427,537
64$6,308,360$725,924$121,100$4,776,114
65$6,861,497$671,179$34,841$5,158,811
66$7,468,209$610,906$0$5,579,130
67$8,133,871$544,745$0$6,054,364
68$8,864,403$472,315$0$6,584,945
69$9,666,328$393,214$0$7,167,454
70$10,546,828$307,016$0$7,807,145
71$11,513,817$213,272$0$8,509,809
72$12,576,012$111,508$0$9,281,826
73$13,743,016$1,223$0$10,130,229
74$15,025,408$0$0$11,062,767
75$16,434,844$0$0$12,102,278
76$17,984,163$0$0$13,245,186
77$19,687,510$0$0$14,501,789
78$21,560,471$0$0$15,883,591
79$23,620,217$0$0$17,403,270
80$25,885,665$0$0$19,074,791
81$28,377,658$0$0$20,913,544
82$31,119,162$0$0$22,936,483
83$34,135,479$0$0$25,162,290
84$37,454,488$0$0$27,611,546
85$41,106,908$0$0$30,306,932
86$45,126,585$0$0$33,273,436
87$49,550,813$0$0$36,538,592
88$54,420,682$0$0$40,132,739
89$59,781,473$0$0$44,089,306
90$65,683,076$0$0$48,445,129
91$72,180,465$0$0$53,240,794
92$79,334,215$0$0$58,521,027
93$87,211,075$0$0$64,335,108
94$95,884,596$0$0$70,737,341
95$105,435,822$0$0$77,787,564
96$115,954,059$0$0$85,551,712
97$127,537,716$0$0$94,102,442
98$140,295,231$0$0$103,519,817
99$154,346,095$0$0$113,892,061
100$169,821,981$0$0$125,316,390