Can I retire at age 40 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$81,836$81,107$80,396$79,702$79,024$78,559
2 years$40,513$39,758$39,027$38,318$37,630$37,161
3 years$26,740$25,982$25,253$24,551$23,874$23,415
4 years$19,855$19,100$18,378$17,687$17,027$16,582
5 years$15,725$14,975$14,262$13,586$12,944$12,514
6 years$12,973$12,228$11,526$10,865$10,242$9,828
7 years$11,008$10,269$9,578$8,932$8,330$7,932
8 years$9,535$8,802$8,123$7,493$6,910$6,528
9 years$8,389$7,664$6,996$6,382$5,819$5,453
10 years$7,474$6,755$6,099$5,502$4,958$4,608
11 years$6,725$6,014$5,370$4,788$4,264$3,930
12 years$6,102$5,398$4,766$4,200$3,695$3,376
13 years$5,575$4,878$4,258$3,708$3,222$2,918
14 years$5,123$4,434$3,826$3,291$2,825$2,535
15 years$4,732$4,051$3,454$2,935$2,487$2,211
16 years$4,391$3,716$3,132$2,628$2,198$1,936
17 years$4,089$3,423$2,850$2,362$1,949$1,700
18 years$3,822$3,163$2,601$2,128$1,733$1,497
19 years$3,583$2,931$2,381$1,923$1,545$1,321
20 years$3,368$2,724$2,186$1,742$1,380$1,169
21 years$3,174$2,537$2,010$1,581$1,235$1,035
22 years$2,998$2,368$1,853$1,437$1,107$918
23 years$2,837$2,215$1,711$1,309$993$816
24 years$2,690$2,075$1,582$1,194$893$726
25 years$2,555$1,948$1,465$1,090$804$646
26 years$2,430$1,830$1,359$997$724$576
27 years$2,315$1,723$1,262$912$653$513
28 years$2,209$1,623$1,173$836$589$458
29 years$2,110$1,531$1,092$767$532$409
30 years$2,017$1,446$1,017$704$480$366
31 years$1,931$1,367$948$646$434$327
32 years$1,850$1,294$885$594$393$292
33 years$1,775$1,225$826$546$356$261
34 years$1,704$1,161$772$502$322$234
35 years$1,637$1,101$721$463$292$209
36 years$1,574$1,045$675$426$264$188
37 years$1,515$993$632$392$239$168
38 years$1,458$943$592$362$217$151
39 years$1,405$897$554$334$197$135
40 years$1,355$854$519$308$179$121
41 years$1,307$812$487$284$162$108
42 years$1,262$774$457$262$147$97
43 years$1,219$737$429$242$133$87
44 years$1,177$703$402$223$121$78
45 years$1,138$670$378$206$110$70
46 years$1,101$639$355$190$100$63
47 years$1,065$610$333$176$91$56
48 years$1,031$582$313$163$82$51
49 years$999$556$295$150$75$45
50 years$968$531$277$139$68$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $991,000, adding $3,588 every year, while hoping to spend $54,449 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: 56/25/19 Blend
39$991,000$991,000$991,000$991,000
40$1,095,783$1,043,260$1,027,900$1,151,388
41$1,149,620$1,036,446$1,004,401$1,182,878
42$1,207,123$1,027,474$978,290$1,211,022
43$1,268,608$1,016,180$949,422$1,240,478
44$1,334,424$1,002,390$917,646$1,271,386
45$1,404,950$985,922$882,802$1,303,900
46$1,480,604$966,581$844,724$1,338,194
47$1,561,844$944,162$803,241$1,374,465
48$1,649,172$918,446$758,169$1,412,929
49$1,743,140$889,202$709,320$1,453,828
50$1,844,354$856,186$656,496$1,497,435
51$1,953,479$819,141$599,490$1,544,052
52$2,071,246$777,791$538,085$1,594,016
53$2,198,459$731,849$472,057$1,647,702
54$2,336,000$681,008$401,169$1,705,529
55$2,484,839$624,944$325,175$1,767,962
56$2,646,043$563,316$243,818$1,835,520
57$2,820,783$495,763$156,830$1,908,778
58$3,010,350$421,902$63,931$1,988,378
59$3,216,160$341,330$0$2,075,032
60$3,439,774$253,620$0$2,176,667
61$3,682,907$158,324$0$2,301,321
62$3,947,446$54,964$0$2,437,058
63$4,235,468$0$0$2,585,028
64$4,549,258$0$0$2,762,171
65$4,891,330$0$0$2,971,844
66$5,264,451$0$0$3,200,634
67$5,671,669$0$0$3,450,419
68$6,116,336$0$0$3,723,267
69$6,602,142$0$0$4,021,454
70$7,133,152$0$0$4,347,486
71$7,713,839$0$0$4,704,122
72$8,349,129$0$0$5,094,400
73$9,044,446$0$0$5,521,667
74$9,805,762$0$0$5,989,605
75$10,639,653$0$0$6,502,271
76$11,553,364$0$0$7,064,135
77$12,554,869$0$0$7,680,115
78$13,652,954$0$0$8,355,631
79$14,857,295$0$0$9,096,653
80$16,178,548$0$0$9,909,754
81$17,628,452$0$0$10,802,177
82$19,219,937$0$0$11,781,898
83$20,967,245$0$0$12,857,704
84$22,886,064$0$0$14,039,276
85$24,993,679$0$0$15,337,276
86$27,309,127$0$0$16,763,450
87$29,853,382$0$0$18,330,740
88$32,649,552$0$0$20,053,402
89$35,723,091$0$0$21,947,143
90$39,102,044$0$0$24,029,266
91$42,817,310$0$0$26,318,837
92$46,902,929$0$0$28,836,860
93$51,396,405$0$0$31,606,476
94$56,339,062$0$0$34,653,183
95$61,776,427$0$0$38,005,075
96$67,758,662$0$0$41,693,102
97$74,341,039$0$0$45,751,372
98$81,584,454$0$0$50,217,460
99$89,556,007$0$0$55,132,772
100$98,329,632$0$0$60,542,929