Can I retire at age 40 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$82,001$81,271$80,558$79,862$79,183$76,895
2 years$40,595$39,839$39,106$38,395$37,706$35,419
3 years$26,794$26,035$25,304$24,600$23,922$21,708
4 years$19,895$19,138$18,415$17,723$17,062$14,937
5 years$15,757$15,005$14,291$13,613$12,970$10,941
6 years$12,999$12,253$11,549$10,886$10,263$8,331
7 years$11,030$10,290$9,597$8,950$8,346$6,512
8 years$9,554$8,820$8,139$7,508$6,924$5,186
9 years$8,406$7,680$7,010$6,395$5,831$4,187
10 years$7,489$6,769$6,112$5,513$4,968$3,417
11 years$6,739$6,026$5,381$4,798$4,273$2,811
12 years$6,114$5,409$4,775$4,208$3,703$2,328
13 years$5,586$4,888$4,266$3,715$3,229$1,938
14 years$5,133$4,443$3,833$3,298$2,831$1,620
15 years$4,742$4,059$3,461$2,941$2,492$1,359
16 years$4,399$3,724$3,138$2,634$2,203$1,143
17 years$4,098$3,429$2,855$2,366$1,953$964
18 years$3,830$3,169$2,607$2,132$1,737$815
19 years$3,590$2,937$2,386$1,927$1,548$689
20 years$3,375$2,729$2,190$1,745$1,383$584
21 years$3,180$2,542$2,014$1,584$1,237$496
22 years$3,004$2,373$1,857$1,440$1,109$421
23 years$2,843$2,219$1,714$1,312$995$358
24 years$2,695$2,079$1,585$1,196$895$304
25 years$2,560$1,951$1,468$1,092$805$259
26 years$2,435$1,834$1,362$999$725$221
27 years$2,320$1,726$1,265$914$654$188
28 years$2,213$1,626$1,176$838$590$160
29 years$2,114$1,534$1,094$768$533$137
30 years$2,021$1,449$1,019$705$481$116
31 years$1,935$1,370$950$647$435$99
32 years$1,854$1,296$886$595$394$85
33 years$1,778$1,227$828$547$356$72
34 years$1,707$1,163$773$503$323$62
35 years$1,640$1,103$723$463$292$53
36 years$1,577$1,047$676$427$265$45
37 years$1,518$995$633$393$240$38
38 years$1,461$945$593$362$218$33
39 years$1,408$899$555$334$197$28
40 years$1,358$855$521$308$179$24
41 years$1,310$814$488$284$162$20
42 years$1,264$775$458$262$147$17
43 years$1,221$739$430$242$134$15
44 years$1,180$704$403$224$121$13
45 years$1,141$671$379$207$110$11
46 years$1,103$641$356$191$100$9
47 years$1,067$611$334$176$91$8
48 years$1,033$584$314$163$82$7
49 years$1,001$557$295$151$75$6
50 years$970$532$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 $993,000, adding $6,439 every year, while hoping to spend $56,299 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: 62/27/11 Blend
39$993,000$993,000$993,000$993,000
40$1,100,928$1,048,299$1,032,907$1,166,001
41$1,153,321$1,039,764$1,007,608$1,201,839
42$1,209,171$1,028,924$979,574$1,233,892
43$1,268,771$1,015,606$948,655$1,267,482
44$1,332,443$999,628$914,692$1,302,760
45$1,400,539$980,796$877,521$1,339,892
46$1,473,445$958,906$836,968$1,379,065
47$1,551,583$933,739$792,854$1,420,485
48$1,635,419$905,066$744,989$1,464,385
49$1,725,461$872,644$693,176$1,511,020
50$1,822,269$836,215$637,208$1,560,677
51$1,926,458$795,507$576,872$1,613,674
52$2,038,701$750,231$511,941$1,670,363
53$2,159,738$700,082$442,181$1,731,139
54$2,290,384$644,739$367,347$1,796,439
55$2,431,531$583,859$287,181$1,866,746
56$2,584,163$517,084$201,417$1,942,601
57$2,749,359$444,032$109,776$2,024,601
58$2,928,305$364,301$11,965$2,113,411
59$3,122,307$277,467$0$2,209,767
60$3,332,799$183,080$0$2,325,335
61$3,561,360$80,666$0$2,452,376
62$3,809,726$0$0$2,590,531
63$4,079,806$0$0$2,749,947
64$4,373,702$0$0$2,949,566
65$4,693,723$0$0$3,166,997
66$5,042,415$0$0$3,403,980
67$5,422,577$0$0$3,662,423
68$5,837,288$0$0$3,944,432
69$6,289,941$0$0$4,252,322
70$6,784,268$0$0$4,588,641
71$7,324,378$0$0$4,956,197
72$7,914,795$0$0$5,358,078
73$8,560,499$0$0$5,797,685
74$9,266,974$0$0$6,278,765
75$10,040,259$0$0$6,805,441
76$10,887,003$0$0$7,382,254
77$11,814,528$0$0$8,014,207
78$12,830,897$0$0$8,706,805
79$13,944,991$0$0$9,466,116
80$15,166,592$0$0$10,298,820
81$16,506,471$0$0$11,212,276
82$17,976,493$0$0$12,214,587
83$19,589,728$0$0$13,314,682
84$21,360,572$0$0$14,522,395
85$23,304,881$0$0$15,848,557
86$25,440,124$0$0$17,305,101
87$27,785,544$0$0$18,905,172
88$30,362,338$0$0$20,663,251
89$33,193,858$0$0$22,595,292
90$36,305,833$0$0$24,718,869
91$39,726,605$0$0$27,053,345
92$43,487,399$0$0$29,620,052
93$47,622,617$0$0$32,442,492
94$52,170,162$0$0$35,546,558
95$57,171,793$0$0$38,960,779
96$62,673,518$0$0$42,716,588
97$68,726,031$0$0$46,848,616
98$75,385,185$0$0$51,395,022
99$82,712,519$0$0$56,397,848
100$90,775,839$0$0$61,903,420