Can I retire at age 40 with 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 $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%15%
1 years$81,753$81,025$80,315$79,621$78,944$77,318
2 years$40,472$39,718$38,988$38,279$37,592$35,962
3 years$26,713$25,956$25,228$24,526$23,850$22,266
4 years$19,835$19,081$18,359$17,670$17,010$15,484
5 years$15,710$14,959$14,248$13,572$12,931$11,468
6 years$12,960$12,215$11,514$10,854$10,232$8,833
7 years$10,997$10,259$9,568$8,923$8,321$6,987
8 years$9,525$8,793$8,115$7,486$6,903$5,633
9 years$8,381$7,656$6,989$6,376$5,813$4,606
10 years$7,466$6,749$6,093$5,496$4,953$3,808
11 years$6,718$6,008$5,364$4,783$4,260$3,175
12 years$6,095$5,392$4,761$4,196$3,692$2,666
13 years$5,569$4,873$4,253$3,704$3,219$2,251
14 years$5,118$4,430$3,822$3,288$2,822$1,909
15 years$4,727$4,046$3,451$2,932$2,485$1,625
16 years$4,386$3,713$3,128$2,626$2,196$1,388
17 years$4,085$3,419$2,847$2,359$1,947$1,188
18 years$3,818$3,159$2,599$2,126$1,731$1,020
19 years$3,579$2,928$2,379$1,921$1,543$877
20 years$3,365$2,721$2,183$1,740$1,378$755
21 years$3,171$2,534$2,008$1,579$1,233$651
22 years$2,995$2,366$1,851$1,436$1,106$562
23 years$2,834$2,213$1,709$1,308$992$485
24 years$2,687$2,073$1,581$1,193$892$420
25 years$2,552$1,946$1,464$1,089$803$363
26 years$2,428$1,829$1,358$996$723$315
27 years$2,313$1,721$1,261$912$652$273
28 years$2,206$1,622$1,172$835$588$236
29 years$2,107$1,530$1,091$766$531$205
30 years$2,015$1,445$1,016$703$480$178
31 years$1,929$1,366$947$646$434$154
32 years$1,848$1,292$884$593$392$134
33 years$1,773$1,224$825$546$355$116
34 years$1,702$1,160$771$502$322$101
35 years$1,635$1,100$721$462$291$88
36 years$1,572$1,044$674$426$264$76
37 years$1,513$992$631$392$239$66
38 years$1,457$942$591$361$217$58
39 years$1,404$896$554$333$197$50
40 years$1,353$853$519$307$178$43
41 years$1,306$812$487$284$162$38
42 years$1,260$773$456$262$147$33
43 years$1,217$737$428$242$133$29
44 years$1,176$702$402$223$121$25
45 years$1,137$669$378$206$110$22
46 years$1,100$639$355$190$100$19
47 years$1,064$609$333$176$91$16
48 years$1,030$582$313$162$82$14
49 years$998$556$294$150$75$12
50 years$967$531$277$139$68$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $990,000, adding $4,659 every year, while hoping to spend $38,473 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: 50/31/19 Blend
39$990,000$990,000$990,000$990,000
40$1,095,786$1,043,316$1,027,971$1,144,563
41$1,166,621$1,053,503$1,021,473$1,188,948
42$1,243,392$1,062,900$1,013,468$1,232,827
43$1,326,663$1,071,428$1,003,864$1,279,693
44$1,417,057$1,079,002$992,567$1,329,844
45$1,515,255$1,085,531$979,477$1,383,606
46$1,622,009$1,090,921$964,488$1,441,343
47$1,738,147$1,095,069$947,491$1,503,456
48$1,864,578$1,097,867$928,372$1,570,387
49$2,002,302$1,099,200$907,010$1,642,629
50$2,152,422$1,098,946$883,279$1,720,722
51$2,316,149$1,096,974$857,050$1,805,268
52$2,494,819$1,093,148$828,183$1,896,930
53$2,689,899$1,087,321$796,535$1,996,441
54$2,903,006$1,079,337$761,957$2,104,612
55$3,135,920$1,069,032$724,290$2,222,341
56$3,390,601$1,056,232$683,371$2,350,617
57$3,669,206$1,040,751$639,028$2,490,536
58$3,974,111$1,022,394$591,081$2,643,307
59$4,307,932$1,000,953$539,344$2,810,269
60$4,673,549$976,207$483,620$2,992,898
61$5,074,135$947,925$423,705$3,192,827
62$5,513,182$915,859$359,385$3,411,859
63$5,994,539$879,749$290,437$3,651,984
64$6,522,444$839,318$216,628$3,915,403
65$7,101,563$794,274$137,715$4,204,546
66$7,737,038$744,309$53,444$4,522,093
67$8,434,532$689,096$0$4,871,009
68$9,200,282$628,290$0$5,261,960
69$10,041,159$561,525$0$5,703,203
70$10,964,733$488,415$0$6,187,937
71$11,979,342$408,554$0$6,720,624
72$13,094,172$321,510$0$7,306,185
73$14,319,341$226,828$0$7,950,046
74$15,666,000$124,028$0$8,658,195
75$17,146,429$12,602$0$9,437,232
76$18,774,160$0$0$10,294,441
77$20,564,103$0$0$11,274,686
78$22,532,681$0$0$12,357,604
79$24,697,992$0$0$13,548,866
80$27,079,974$0$0$14,859,457
81$29,700,596$0$0$16,301,479
82$32,584,064$0$0$17,888,268
83$35,757,046$0$0$19,634,517
84$39,248,929$0$0$21,556,414
85$43,092,091$0$0$23,671,799
86$47,322,208$0$0$26,000,328
87$51,978,591$0$0$28,563,657
88$57,104,555$0$0$31,385,652
89$62,747,828$0$0$34,492,608
90$68,961,001$0$0$37,913,501
91$75,802,023$0$0$41,680,258
92$83,334,751$0$0$45,828,061
93$91,629,545$0$0$50,395,677
94$100,763,941$0$0$55,425,825
95$110,823,372$0$0$60,965,575
96$121,901,982$0$0$67,066,800
97$134,103,512$0$0$73,786,655
98$147,542,275$0$0$81,188,125
99$162,344,238$0$0$89,340,616
100$178,648,210$0$0$98,320,606