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%11.5%
1 years$81,836$81,107$80,396$79,702$79,024$78,526
2 years$40,513$39,758$39,027$38,318$37,630$37,128
3 years$26,740$25,982$25,253$24,551$23,874$23,383
4 years$19,855$19,100$18,378$17,687$17,027$16,551
5 years$15,725$14,975$14,262$13,586$12,944$12,484
6 years$12,973$12,228$11,526$10,865$10,242$9,799
7 years$11,008$10,269$9,578$8,932$8,330$7,904
8 years$9,535$8,802$8,123$7,493$6,910$6,502
9 years$8,389$7,664$6,996$6,382$5,819$5,428
10 years$7,474$6,755$6,099$5,502$4,958$4,584
11 years$6,725$6,014$5,370$4,788$4,264$3,907
12 years$6,102$5,398$4,766$4,200$3,695$3,354
13 years$5,575$4,878$4,258$3,708$3,222$2,897
14 years$5,123$4,434$3,826$3,291$2,825$2,515
15 years$4,732$4,051$3,454$2,935$2,487$2,193
16 years$4,391$3,716$3,132$2,628$2,198$1,919
17 years$4,089$3,423$2,850$2,362$1,949$1,684
18 years$3,822$3,163$2,601$2,128$1,733$1,482
19 years$3,583$2,931$2,381$1,923$1,545$1,307
20 years$3,368$2,724$2,186$1,742$1,380$1,155
21 years$3,174$2,537$2,010$1,581$1,235$1,022
22 years$2,998$2,368$1,853$1,437$1,107$906
23 years$2,837$2,215$1,711$1,309$993$804
24 years$2,690$2,075$1,582$1,194$893$715
25 years$2,555$1,948$1,465$1,090$804$636
26 years$2,430$1,830$1,359$997$724$566
27 years$2,315$1,723$1,262$912$653$505
28 years$2,209$1,623$1,173$836$589$450
29 years$2,110$1,531$1,092$767$532$401
30 years$2,017$1,446$1,017$704$480$358
31 years$1,931$1,367$948$646$434$320
32 years$1,850$1,294$885$594$393$286
33 years$1,775$1,225$826$546$356$256
34 years$1,704$1,161$772$502$322$229
35 years$1,637$1,101$721$463$292$205
36 years$1,574$1,045$675$426$264$183
37 years$1,515$993$632$392$239$164
38 years$1,458$943$592$362$217$147
39 years$1,405$897$554$334$197$131
40 years$1,355$854$519$308$179$118
41 years$1,307$812$487$284$162$105
42 years$1,262$774$457$262$147$94
43 years$1,219$737$429$242$133$85
44 years$1,177$703$402$223$121$76
45 years$1,138$670$378$206$110$68
46 years$1,101$639$355$190$100$61
47 years$1,065$610$333$176$91$55
48 years$1,031$582$313$163$82$49
49 years$999$556$295$150$75$44
50 years$968$531$277$139$68$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $991,000, adding $4,222 every year, while hoping to spend $59,155 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: 46/47/7 Blend
39$991,000$991,000$991,000$991,000
40$1,096,437$1,043,914$1,028,553$1,144,583
41$1,145,333$1,032,125$1,000,070$1,166,361
42$1,197,234$1,017,776$968,649$1,183,467
43$1,252,384$1,000,679$934,130$1,200,644
44$1,311,049$980,635$896,346$1,217,920
45$1,373,523$957,432$855,120$1,235,324
46$1,440,124$930,848$810,269$1,252,896
47$1,511,203$900,647$761,599$1,270,684
48$1,587,144$866,577$708,911$1,288,744
49$1,668,368$828,375$651,995$1,307,143
50$1,755,336$785,759$590,631$1,325,963
51$1,848,554$738,435$524,591$1,345,296
52$1,948,576$686,088$453,634$1,365,253
53$2,056,012$628,387$377,512$1,385,960
54$2,171,530$564,983$295,963$1,407,567
55$2,295,863$495,504$208,716$1,430,241
56$2,429,818$419,561$115,484$1,454,180
57$2,574,279$336,739$15,973$1,479,606
58$2,730,219$246,602$0$1,506,774
59$2,898,706$148,690$0$1,542,715
60$3,080,913$42,515$0$1,582,732
61$3,278,131$0$0$1,626,031
62$3,491,780$0$0$1,710,528
63$3,723,417$0$0$1,826,074
64$3,974,759$0$0$1,951,551
65$4,247,692$0$0$2,087,911
66$4,544,291$0$0$2,236,204
67$4,866,837$0$0$2,397,587
68$5,217,843$0$0$2,573,329
69$5,600,071$0$0$2,764,830
70$6,016,561$0$0$2,973,627
71$6,470,660$0$0$3,201,416
72$6,966,050$0$0$3,450,060
73$7,506,784$0$0$3,721,612
74$8,097,324$0$0$4,018,332
75$8,742,582$0$0$4,342,705
76$9,447,965$0$0$4,697,472
77$10,219,427$0$0$5,085,647
78$11,063,523$0$0$5,510,550
79$11,987,470$0$0$5,975,838
80$12,999,218$0$0$6,485,536
81$14,107,518$0$0$7,044,079
82$15,322,009$0$0$7,656,349
83$16,653,308$0$0$8,327,724
84$18,113,105$0$0$9,064,128
85$19,714,279$0$0$9,872,085
86$21,471,011$0$0$10,758,782
87$23,398,926$0$0$11,732,133
88$25,515,231$0$0$12,800,859
89$27,838,881$0$0$13,974,564
90$30,390,759$0$0$15,263,830
91$33,193,865$0$0$16,680,313
92$36,273,542$0$0$18,236,853
93$39,657,702$0$0$19,947,597
94$43,377,102$0$0$21,828,131
95$47,465,621$0$0$23,895,625
96$51,960,587$0$0$26,168,995
97$56,903,124$0$0$28,669,083
98$62,338,540$0$0$31,418,853
99$68,316,754$0$0$34,443,603
100$74,892,767$0$0$37,771,208