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%16.8%
1 years$81,836$81,107$80,396$79,702$79,024$76,833
2 years$40,513$39,758$39,027$38,318$37,630$35,440
3 years$26,740$25,982$25,253$24,551$23,874$21,752
4 years$19,855$19,100$18,378$17,687$17,027$14,990
5 years$15,725$14,975$14,262$13,586$12,944$10,997
6 years$12,973$12,228$11,526$10,865$10,242$8,387
7 years$11,008$10,269$9,578$8,932$8,330$6,567
8 years$9,535$8,802$8,123$7,493$6,910$5,239
9 years$8,389$7,664$6,996$6,382$5,819$4,238
10 years$7,474$6,755$6,099$5,502$4,958$3,465
11 years$6,725$6,014$5,370$4,788$4,264$2,856
12 years$6,102$5,398$4,766$4,200$3,695$2,370
13 years$5,575$4,878$4,258$3,708$3,222$1,977
14 years$5,123$4,434$3,826$3,291$2,825$1,656
15 years$4,732$4,051$3,454$2,935$2,487$1,392
16 years$4,391$3,716$3,132$2,628$2,198$1,174
17 years$4,089$3,423$2,850$2,362$1,949$992
18 years$3,822$3,163$2,601$2,128$1,733$840
19 years$3,583$2,931$2,381$1,923$1,545$712
20 years$3,368$2,724$2,186$1,742$1,380$605
21 years$3,174$2,537$2,010$1,581$1,235$515
22 years$2,998$2,368$1,853$1,437$1,107$438
23 years$2,837$2,215$1,711$1,309$993$373
24 years$2,690$2,075$1,582$1,194$893$318
25 years$2,555$1,948$1,465$1,090$804$272
26 years$2,430$1,830$1,359$997$724$232
27 years$2,315$1,723$1,262$912$653$198
28 years$2,209$1,623$1,173$836$589$169
29 years$2,110$1,531$1,092$767$532$144
30 years$2,017$1,446$1,017$704$480$124
31 years$1,931$1,367$948$646$434$106
32 years$1,850$1,294$885$594$393$90
33 years$1,775$1,225$826$546$356$77
34 years$1,704$1,161$772$502$322$66
35 years$1,637$1,101$721$463$292$57
36 years$1,574$1,045$675$426$264$48
37 years$1,515$993$632$392$239$41
38 years$1,458$943$592$362$217$35
39 years$1,405$897$554$334$197$30
40 years$1,355$854$519$308$179$26
41 years$1,307$812$487$284$162$22
42 years$1,262$774$457$262$147$19
43 years$1,219$737$429$242$133$16
44 years$1,177$703$402$223$121$14
45 years$1,138$670$378$206$110$12
46 years$1,101$639$355$190$100$10
47 years$1,065$610$333$176$91$9
48 years$1,031$582$313$163$82$7
49 years$999$556$295$150$75$6
50 years$968$531$277$139$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $991,000, adding $6,993 every year, while hoping to spend $27,995 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: 42/47/11 Blend
39$991,000$991,000$991,000$991,000
40$1,099,295$1,046,772$1,031,412$1,141,642
41$1,181,637$1,068,278$1,036,178$1,193,471
42$1,271,439$1,089,899$1,040,165$1,246,214
43$1,369,433$1,111,611$1,043,318$1,302,700
44$1,476,425$1,133,389$1,045,578$1,363,284
45$1,593,299$1,155,204$1,046,884$1,428,354
46$1,721,033$1,177,027$1,047,172$1,498,339
47$1,860,700$1,198,822$1,046,374$1,573,714
48$2,013,483$1,220,556$1,044,419$1,655,000
49$2,180,683$1,242,189$1,041,232$1,742,772
50$2,363,736$1,263,679$1,036,737$1,837,664
51$2,564,220$1,284,982$1,030,850$1,940,376
52$2,783,874$1,306,049$1,023,487$2,051,679
53$3,024,612$1,326,829$1,014,557$2,172,424
54$3,288,545$1,347,266$1,003,967$2,303,549
55$3,577,994$1,367,300$991,618$2,446,089
56$3,895,519$1,386,867$977,406$2,601,185
57$4,243,938$1,405,899$961,225$2,770,095
58$4,626,354$1,424,323$942,960$2,954,206
59$5,046,187$1,442,059$922,494$3,155,050
60$5,507,203$1,459,025$899,703$3,374,314
61$6,013,551$1,475,131$874,456$3,613,861
62$6,569,802$1,490,281$846,619$3,875,742
63$7,180,991$1,504,374$816,050$4,162,223
64$7,852,665$1,517,302$782,601$4,475,801
65$8,590,935$1,528,947$746,116$4,819,229
66$9,402,533$1,539,189$706,434$5,195,544
67$10,294,877$1,547,895$663,385$5,608,097
68$11,276,139$1,554,926$616,793$6,060,580
69$12,355,322$1,560,134$566,472$6,557,066
70$13,542,345$1,563,361$512,229$7,102,048
71$14,848,138$1,564,440$453,863$7,700,479
72$16,284,743$1,563,192$391,163$8,357,819
73$17,865,428$1,559,430$323,908$9,080,093
74$19,604,812$1,552,951$251,868$9,873,942
75$21,519,001$1,543,545$174,804$10,746,688
76$23,625,745$1,530,984$92,466$11,706,407
77$25,944,598$1,515,029$4,591$12,762,002
78$28,497,108$1,495,427$0$13,923,290
79$31,307,019$1,471,909$0$15,211,565
80$34,400,492$1,444,189$0$16,629,546
81$37,806,354$1,411,966$0$18,189,889
82$41,556,369$1,374,920$0$19,907,139
83$45,685,540$1,332,712$0$21,797,327
84$50,232,435$1,284,984$0$23,878,128
85$55,239,552$1,231,358$0$26,169,025
86$60,753,723$1,171,430$0$28,691,496
87$66,826,550$1,104,779$0$31,469,215
88$73,514,899$1,030,953$0$34,528,280
89$80,881,428$949,480$0$37,897,457
90$88,995,186$859,856$0$41,608,458
91$97,932,258$761,552$0$45,696,237
92$107,776,488$654,008$0$50,199,323
93$118,620,266$536,631$0$55,160,185
94$130,565,403$408,795$0$60,625,638
95$143,724,089$269,841$0$66,647,281
96$158,219,952$119,069$0$73,281,990
97$174,189,228$0$0$80,592,458
98$191,782,041$0$0$88,670,672
99$211,163,825$0$0$97,638,385
100$232,516,882$0$0$107,518,388