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%18.7%
1 years$82,001$81,271$80,558$79,862$79,183$76,404
2 years$40,595$39,839$39,106$38,395$37,706$34,936
3 years$26,794$26,035$25,304$24,600$23,922$21,247
4 years$19,895$19,138$18,415$17,723$17,062$14,502
5 years$15,757$15,005$14,291$13,613$12,970$10,533
6 years$12,999$12,253$11,549$10,886$10,263$7,950
7 years$11,030$10,290$9,597$8,950$8,346$6,158
8 years$9,554$8,820$8,139$7,508$6,924$4,858
9 years$8,406$7,680$7,010$6,395$5,831$3,885
10 years$7,489$6,769$6,112$5,513$4,968$3,138
11 years$6,739$6,026$5,381$4,798$4,273$2,555
12 years$6,114$5,409$4,775$4,208$3,703$2,094
13 years$5,586$4,888$4,266$3,715$3,229$1,724
14 years$5,133$4,443$3,833$3,298$2,831$1,425
15 years$4,742$4,059$3,461$2,941$2,492$1,182
16 years$4,399$3,724$3,138$2,634$2,203$983
17 years$4,098$3,429$2,855$2,366$1,953$819
18 years$3,830$3,169$2,607$2,132$1,737$684
19 years$3,590$2,937$2,386$1,927$1,548$572
20 years$3,375$2,729$2,190$1,745$1,383$479
21 years$3,180$2,542$2,014$1,584$1,237$401
22 years$3,004$2,373$1,857$1,440$1,109$337
23 years$2,843$2,219$1,714$1,312$995$283
24 years$2,695$2,079$1,585$1,196$895$237
25 years$2,560$1,951$1,468$1,092$805$199
26 years$2,435$1,834$1,362$999$725$168
27 years$2,320$1,726$1,265$914$654$141
28 years$2,213$1,626$1,176$838$590$119
29 years$2,114$1,534$1,094$768$533$100
30 years$2,021$1,449$1,019$705$481$84
31 years$1,935$1,370$950$647$435$71
32 years$1,854$1,296$886$595$394$59
33 years$1,778$1,227$828$547$356$50
34 years$1,707$1,163$773$503$323$42
35 years$1,640$1,103$723$463$292$36
36 years$1,577$1,047$676$427$265$30
37 years$1,518$995$633$393$240$25
38 years$1,461$945$593$362$218$21
39 years$1,408$899$555$334$197$18
40 years$1,358$855$521$308$179$15
41 years$1,310$814$488$284$162$13
42 years$1,264$775$458$262$147$11
43 years$1,221$739$430$242$134$9
44 years$1,180$704$403$224$121$8
45 years$1,141$671$379$207$110$6
46 years$1,103$641$356$191$100$5
47 years$1,067$611$334$176$91$5
48 years$1,033$584$314$163$82$4
49 years$1,001$557$295$151$75$3
50 years$970$532$277$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $993,000, adding $2,587 every year, while hoping to spend $41,401 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: 75/13/12 Blend
39$993,000$993,000$993,000$993,000
40$1,096,954$1,044,325$1,028,934$1,176,424
41$1,164,794$1,051,447$1,019,353$1,236,335
42$1,238,165$1,057,530$1,008,063$1,296,526
43$1,317,588$1,062,480$994,964$1,361,345
44$1,403,636$1,066,196$979,950$1,431,237
45$1,496,939$1,068,571$962,910$1,506,694
46$1,598,187$1,069,491$943,728$1,588,259
47$1,708,143$1,068,837$922,283$1,676,529
48$1,827,642$1,066,479$898,448$1,772,163
49$1,957,607$1,062,281$872,091$1,875,887
50$2,099,049$1,056,099$843,073$1,988,502
51$2,253,084$1,047,781$811,248$2,110,890
52$2,420,939$1,037,162$776,465$2,244,025
53$2,603,963$1,024,071$738,565$2,388,978
54$2,803,642$1,008,326$697,382$2,546,933
55$3,021,612$989,732$652,743$2,719,194
56$3,259,673$968,086$604,466$2,907,199
57$3,519,807$943,169$552,363$3,112,531
58$3,804,195$914,752$496,235$3,336,940
59$4,115,240$882,591$435,875$3,582,351
60$4,455,586$846,430$371,069$3,850,889
61$4,828,147$805,996$301,591$4,144,897
62$5,236,128$761,000$227,204$4,466,957
63$5,683,062$711,138$147,665$4,819,915
64$6,172,838$656,088$62,715$5,206,910
65$6,709,740$595,508$0$5,631,405
66$7,298,484$529,039$0$6,100,791
67$7,944,268$456,300$0$6,624,499
68$8,652,813$376,889$0$7,199,168
69$9,430,425$290,381$0$7,829,947
70$10,284,046$196,328$0$8,522,516
71$11,221,325$94,255$0$9,283,132
72$12,250,689$0$0$10,118,689
73$13,381,419$0$0$11,039,124
74$14,623,739$0$0$12,065,252
75$15,988,915$0$0$13,192,900
76$17,489,356$0$0$14,432,324
77$19,138,734$0$0$15,794,821
78$20,952,110$0$0$17,292,841
79$22,946,078$0$0$18,940,098
80$25,138,923$0$0$20,751,702
81$27,550,787$0$0$22,744,300
82$30,203,863$0$0$24,936,235
83$33,122,604$0$0$27,347,716
84$36,333,952$0$0$30,001,009
85$39,867,591$0$0$32,920,649
86$43,756,231$0$0$36,133,667
87$48,035,910$0$0$39,669,850
88$52,746,337$0$0$43,562,015
89$57,931,267$0$0$47,846,325
90$63,638,911$0$0$52,562,626
91$69,922,392$0$0$57,754,823
92$76,840,246$0$0$63,471,294
93$84,456,973$0$0$69,765,348
94$92,843,645$0$0$76,695,725
95$102,078,578$0$0$84,327,151
96$112,248,067$0$0$92,730,950
97$123,447,205$0$0$101,985,712
98$135,780,775$0$0$112,178,040
99$149,364,241$0$0$123,403,364
100$164,324,836$0$0$135,766,841