Can I retire at age 40 with 993,000?

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 $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%16.2%
1 years$82,001$81,271$80,558$79,862$79,183$77,175
2 years$40,595$39,839$39,106$38,395$37,706$35,696
3 years$26,794$26,035$25,304$24,600$23,922$21,973
4 years$19,895$19,138$18,415$17,723$17,062$15,188
5 years$15,757$15,005$14,291$13,613$12,970$11,178
6 years$12,999$12,253$11,549$10,886$10,263$8,553
7 years$11,030$10,290$9,597$8,950$8,346$6,720
8 years$9,554$8,820$8,139$7,508$6,924$5,380
9 years$8,406$7,680$7,010$6,395$5,831$4,368
10 years$7,489$6,769$6,112$5,513$4,968$3,584
11 years$6,739$6,026$5,381$4,798$4,273$2,966
12 years$6,114$5,409$4,775$4,208$3,703$2,471
13 years$5,586$4,888$4,266$3,715$3,229$2,069
14 years$5,133$4,443$3,833$3,298$2,831$1,741
15 years$4,742$4,059$3,461$2,941$2,492$1,469
16 years$4,399$3,724$3,138$2,634$2,203$1,244
17 years$4,098$3,429$2,855$2,366$1,953$1,056
18 years$3,830$3,169$2,607$2,132$1,737$898
19 years$3,590$2,937$2,386$1,927$1,548$765
20 years$3,375$2,729$2,190$1,745$1,383$653
21 years$3,180$2,542$2,014$1,584$1,237$558
22 years$3,004$2,373$1,857$1,440$1,109$477
23 years$2,843$2,219$1,714$1,312$995$409
24 years$2,695$2,079$1,585$1,196$895$350
25 years$2,560$1,951$1,468$1,092$805$300
26 years$2,435$1,834$1,362$999$725$257
27 years$2,320$1,726$1,265$914$654$221
28 years$2,213$1,626$1,176$838$590$190
29 years$2,114$1,534$1,094$768$533$163
30 years$2,021$1,449$1,019$705$481$140
31 years$1,935$1,370$950$647$435$120
32 years$1,854$1,296$886$595$394$103
33 years$1,778$1,227$828$547$356$89
34 years$1,707$1,163$773$503$323$76
35 years$1,640$1,103$723$463$292$66
36 years$1,577$1,047$676$427$265$56
37 years$1,518$995$633$393$240$49
38 years$1,461$945$593$362$218$42
39 years$1,408$899$555$334$197$36
40 years$1,358$855$521$308$179$31
41 years$1,310$814$488$284$162$27
42 years$1,264$775$458$262$147$23
43 years$1,221$739$430$242$134$20
44 years$1,180$704$403$224$121$17
45 years$1,141$671$379$207$110$15
46 years$1,103$641$356$191$100$13
47 years$1,067$611$334$176$91$11
48 years$1,033$584$314$163$82$9
49 years$1,001$557$295$151$75$8
50 years$970$532$277$139$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $993,000, adding $2,445 every year, while hoping to spend $54,208 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: 62/11/27 Blend
39$993,000$993,000$993,000$993,000
40$1,096,808$1,044,179$1,028,788$1,156,753
41$1,151,006$1,037,667$1,005,575$1,191,230
42$1,208,914$1,029,019$979,768$1,222,738
43$1,270,856$1,018,073$951,223$1,255,976
44$1,337,182$1,004,658$919,788$1,291,123
45$1,408,280$988,591$885,306$1,328,379
46$1,484,573$969,681$847,612$1,367,965
47$1,566,526$947,722$806,534$1,410,127
48$1,654,650$922,498$761,891$1,455,139
49$1,749,506$893,782$713,495$1,503,305
50$1,851,708$861,330$661,150$1,554,963
51$1,961,933$824,886$604,649$1,610,488
52$2,080,924$784,179$543,778$1,670,297
53$2,209,496$738,921$478,313$1,734,851
54$2,348,546$688,810$408,018$1,804,663
55$2,499,061$633,525$332,650$1,880,301
56$2,662,123$572,726$251,952$1,962,396
57$2,838,925$506,055$165,657$2,051,645
58$3,030,776$433,132$73,488$2,148,824
59$3,239,118$353,559$0$2,254,788
60$3,465,536$266,911$0$2,377,655
61$3,711,774$172,742$0$2,534,369
62$3,979,749$70,581$0$2,704,991
63$4,271,573$0$0$2,890,907
64$4,589,569$0$0$3,098,493
65$4,936,292$0$0$3,334,214
66$5,314,557$0$0$3,591,448
67$5,727,460$0$0$3,872,310
68$6,178,410$0$0$4,179,128
69$6,671,159$0$0$4,514,464
70$7,209,839$0$0$4,881,141
71$7,798,998$0$0$5,282,263
72$8,443,645$0$0$5,721,252
73$9,149,294$0$0$6,201,875
74$9,922,018$0$0$6,728,278
75$10,768,503$0$0$7,305,029
76$11,696,115$0$0$7,937,159
77$12,712,965$0$0$8,630,207
78$13,827,983$0$0$9,390,275
79$15,051,010$0$0$10,224,083
80$16,392,882$0$0$11,139,033
81$17,865,535$0$0$12,143,280
82$19,482,117$0$0$13,245,803
83$21,257,110$0$0$14,456,497
84$23,206,469$0$0$15,786,260
85$25,347,769$0$0$17,247,098
86$27,700,369$0$0$18,852,236
87$30,285,599$0$0$20,616,245
88$33,126,956$0$0$22,555,177
89$36,250,327$0$0$24,686,716
90$39,684,231$0$0$27,030,346
91$43,460,088$0$0$29,607,533
92$47,612,517$0$0$32,441,925
93$52,179,658$0$0$35,559,580
94$57,203,534$0$0$38,989,206
95$62,730,443$0$0$42,762,433
96$68,811,401$0$0$46,914,115
97$75,502,612$0$0$51,482,650
98$82,866,010$0$0$56,510,349
99$90,969,831$0$0$62,043,833
100$99,889,264$0$0$68,134,469