Can I retire at age 40 with 991,000?

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 $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%19.7%
1 years$81,836$81,107$80,396$79,702$79,024$75,948
2 years$40,513$39,758$39,027$38,318$37,630$34,569
3 years$26,740$25,982$25,253$24,551$23,874$20,924
4 years$19,855$19,100$18,378$17,687$17,027$14,210
5 years$15,725$14,975$14,262$13,586$12,944$10,266
6 years$12,973$12,228$11,526$10,865$10,242$7,706
7 years$11,008$10,269$9,578$8,932$8,330$5,935
8 years$9,535$8,802$8,123$7,493$6,910$4,654
9 years$8,389$7,664$6,996$6,382$5,819$3,699
10 years$7,474$6,755$6,099$5,502$4,958$2,969
11 years$6,725$6,014$5,370$4,788$4,264$2,402
12 years$6,102$5,398$4,766$4,200$3,695$1,955
13 years$5,575$4,878$4,258$3,708$3,222$1,599
14 years$5,123$4,434$3,826$3,291$2,825$1,313
15 years$4,732$4,051$3,454$2,935$2,487$1,081
16 years$4,391$3,716$3,132$2,628$2,198$893
17 years$4,089$3,423$2,850$2,362$1,949$738
18 years$3,822$3,163$2,601$2,128$1,733$612
19 years$3,583$2,931$2,381$1,923$1,545$508
20 years$3,368$2,724$2,186$1,742$1,380$422
21 years$3,174$2,537$2,010$1,581$1,235$351
22 years$2,998$2,368$1,853$1,437$1,107$292
23 years$2,837$2,215$1,711$1,309$993$243
24 years$2,690$2,075$1,582$1,194$893$203
25 years$2,555$1,948$1,465$1,090$804$169
26 years$2,430$1,830$1,359$997$724$141
27 years$2,315$1,723$1,262$912$653$117
28 years$2,209$1,623$1,173$836$589$98
29 years$2,110$1,531$1,092$767$532$82
30 years$2,017$1,446$1,017$704$480$68
31 years$1,931$1,367$948$646$434$57
32 years$1,850$1,294$885$594$393$48
33 years$1,775$1,225$826$546$356$40
34 years$1,704$1,161$772$502$322$33
35 years$1,637$1,101$721$463$292$28
36 years$1,574$1,045$675$426$264$23
37 years$1,515$993$632$392$239$19
38 years$1,458$943$592$362$217$16
39 years$1,405$897$554$334$197$13
40 years$1,355$854$519$308$179$11
41 years$1,307$812$487$284$162$9
42 years$1,262$774$457$262$147$8
43 years$1,219$737$429$242$133$7
44 years$1,177$703$402$223$121$5
45 years$1,138$670$378$206$110$5
46 years$1,101$639$355$190$100$4
47 years$1,065$610$333$176$91$3
48 years$1,031$582$313$163$82$3
49 years$999$556$295$150$75$2
50 years$968$531$277$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $991,000, adding $4,193 every year, while hoping to spend $39,195 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: 32/50/18 Blend
39$991,000$991,000$991,000$991,000
40$1,096,407$1,043,884$1,028,524$1,125,217
41$1,166,537$1,053,331$1,021,276$1,156,462
42$1,242,507$1,061,928$1,012,472$1,186,206
43$1,324,871$1,069,590$1,002,018$1,217,411
44$1,414,239$1,076,231$989,816$1,250,227
45$1,511,280$1,081,755$975,763$1,284,822
46$1,616,732$1,086,062$959,753$1,321,383
47$1,731,406$1,089,047$941,672$1,360,120
48$1,856,194$1,090,595$921,403$1,401,267
49$1,992,079$1,090,587$898,824$1,445,084
50$2,140,141$1,088,896$873,804$1,491,861
51$2,301,568$1,085,384$846,209$1,541,922
52$2,477,670$1,079,910$815,898$1,595,625
53$2,669,886$1,072,319$782,725$1,653,372
54$2,879,802$1,062,451$746,534$1,715,609
55$3,109,164$1,050,132$707,165$1,782,831
56$3,359,892$1,035,183$664,449$1,855,588
57$3,634,103$1,017,409$618,210$1,934,494
58$3,934,126$996,607$568,264$2,020,228
59$4,262,526$972,559$514,420$2,113,546
60$4,622,127$945,038$456,476$2,215,286
61$5,016,039$913,799$394,223$2,326,380
62$5,447,687$878,588$327,442$2,447,859
63$5,920,844$839,131$255,904$2,580,869
64$6,439,664$795,143$179,370$2,726,680
65$7,008,722$746,318$97,592$2,886,700
66$7,633,060$692,335$10,309$3,062,490
67$8,318,227$632,854$0$3,255,778
68$9,070,339$567,517$0$3,484,390
69$9,896,132$495,944$0$3,737,684
70$10,803,025$417,732$0$4,016,084
71$11,799,191$332,459$0$4,322,250
72$12,893,636$239,677$0$4,659,122
73$14,096,279$138,913$0$5,029,949
74$15,418,047$29,668$0$5,438,323
75$16,870,980$0$0$5,888,211
76$18,468,341$0$0$6,432,741
77$20,224,744$0$0$7,049,600
78$22,156,287$0$0$7,728,143
79$24,280,709$0$0$8,474,620
80$26,617,554$0$0$9,295,921
81$29,188,353$0$0$10,199,637
82$32,016,832$0$0$11,194,132
83$35,129,131$0$0$12,288,620
84$38,554,052$0$0$13,493,255
85$42,323,329$0$0$14,819,226
86$46,471,931$0$0$16,278,861
87$51,038,386$0$0$17,885,742
88$56,065,149$0$0$19,654,838
89$61,598,998$0$0$21,602,641
90$67,691,479$0$0$23,747,325
91$74,399,389$0$0$26,108,916
92$81,785,312$0$0$28,709,478
93$89,918,210$0$0$31,573,327
94$98,874,074$0$0$34,727,257
95$108,736,638$0$0$38,200,791
96$119,598,172$0$0$42,026,464
97$131,560,351$0$0$46,240,125
98$144,735,211$0$0$50,881,278
99$159,246,212$0$0$55,993,455
100$175,229,397$0$0$61,624,627