Can I retire at age 40 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$82,496$81,762$81,045$80,345$79,662$76,805
2 years$40,840$40,079$39,342$38,627$37,934$35,087
3 years$26,956$26,192$25,457$24,749$24,067$21,319
4 years$20,016$19,254$18,526$17,830$17,165$14,536
5 years$15,852$15,095$14,377$13,695$13,048$10,547
6 years$13,078$12,327$11,619$10,952$10,325$7,952
7 years$11,097$10,352$9,655$9,004$8,397$6,152
8 years$9,612$8,873$8,188$7,554$6,966$4,848
9 years$8,457$7,726$7,053$6,434$5,866$3,872
10 years$7,534$6,810$6,149$5,546$4,998$3,124
11 years$6,779$6,063$5,413$4,827$4,299$2,540
12 years$6,151$5,441$4,804$4,234$3,725$2,079
13 years$5,620$4,917$4,292$3,738$3,248$1,709
14 years$5,164$4,470$3,857$3,318$2,848$1,411
15 years$4,770$4,083$3,482$2,959$2,507$1,169
16 years$4,426$3,746$3,157$2,650$2,216$971
17 years$4,122$3,450$2,873$2,381$1,965$808
18 years$3,853$3,188$2,622$2,145$1,747$673
19 years$3,612$2,955$2,401$1,939$1,557$562
20 years$3,395$2,746$2,203$1,756$1,391$470
21 years$3,200$2,558$2,026$1,593$1,245$393
22 years$3,022$2,387$1,868$1,449$1,116$329
23 years$2,860$2,233$1,725$1,319$1,001$276
24 years$2,712$2,092$1,595$1,203$900$231
25 years$2,576$1,963$1,477$1,099$810$194
26 years$2,450$1,845$1,370$1,005$730$163
27 years$2,334$1,736$1,272$920$658$137
28 years$2,227$1,636$1,183$843$594$115
29 years$2,127$1,544$1,101$773$536$96
30 years$2,034$1,458$1,025$709$484$81
31 years$1,947$1,378$956$651$438$68
32 years$1,865$1,304$892$599$396$57
33 years$1,789$1,235$833$550$358$48
34 years$1,717$1,170$778$507$325$40
35 years$1,650$1,110$727$466$294$34
36 years$1,587$1,054$680$429$266$29
37 years$1,527$1,001$637$396$241$24
38 years$1,470$951$596$365$219$20
39 years$1,417$904$559$336$198$17
40 years$1,366$860$524$310$180$14
41 years$1,318$819$491$286$163$12
42 years$1,272$780$461$264$148$10
43 years$1,228$743$432$244$134$8
44 years$1,187$708$406$225$122$7
45 years$1,147$676$381$208$111$6
46 years$1,110$644$358$192$101$5
47 years$1,074$615$336$177$91$4
48 years$1,040$587$316$164$83$4
49 years$1,007$561$297$151$75$3
50 years$975$536$279$140$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $999,000, adding $2,988 every year, while hoping to spend $44,845 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: 62/33/5 Blend
39$999,000$999,000$999,000$999,000
40$1,103,980$1,051,033$1,035,549$1,171,382
41$1,168,871$1,054,819$1,022,525$1,220,474
42$1,238,878$1,057,287$1,007,562$1,268,509
43$1,314,476$1,058,326$990,547$1,319,766
44$1,396,185$1,057,817$971,363$1,374,556
45$1,484,579$1,055,633$949,887$1,433,218
46$1,580,288$1,051,641$925,989$1,496,131
47$1,684,004$1,045,698$899,537$1,563,712
48$1,796,488$1,037,653$870,387$1,636,421
49$1,918,579$1,027,347$838,394$1,714,769
50$2,051,196$1,014,609$803,402$1,799,317
51$2,195,353$999,260$765,252$1,890,687
52$2,352,165$981,110$723,773$1,989,567
53$2,522,858$959,956$678,791$2,096,715
54$2,708,780$935,585$630,122$2,212,970
55$2,911,418$907,770$577,573$2,339,259
56$3,132,404$876,272$520,943$2,476,603
57$3,373,537$840,838$460,023$2,626,135
58$3,636,797$801,198$394,593$2,789,102
59$3,924,364$757,070$324,425$2,966,883
60$4,238,635$708,153$249,279$3,161,002
61$4,582,253$654,129$168,907$3,373,140
62$4,958,124$594,663$83,047$3,605,156
63$5,369,452$529,401$0$3,859,099
64$5,819,762$457,967$0$4,137,692
65$6,312,936$379,966$0$4,447,737
66$6,853,250$294,979$0$4,787,574
67$7,445,412$202,563$0$5,160,268
68$8,094,609$102,253$0$5,569,199
69$8,806,551$0$0$6,018,101
70$9,587,529$0$0$6,513,431
71$10,444,473$0$0$7,097,758
72$11,385,013$0$0$7,739,166
73$12,417,558$0$0$8,443,397
74$13,551,368$0$0$9,216,777
75$14,796,643$0$0$10,066,274
76$16,164,623$0$0$10,999,565
77$17,667,686$0$0$12,025,108
78$19,319,470$0$0$13,152,220
79$21,135,002$0$0$14,391,164
80$23,130,834$0$0$15,753,249
81$25,325,203$0$0$17,250,934
82$27,738,200$0$0$18,897,944
83$30,391,963$0$0$20,709,403
84$33,310,881$0$0$22,701,973
85$36,521,824$0$0$24,894,011
86$40,054,401$0$0$27,305,745
87$43,941,231$0$0$29,959,461
88$48,218,259$0$0$32,879,715
89$52,925,087$0$0$36,093,563
90$58,105,352$0$0$39,630,817
91$63,807,133$0$0$43,524,326
92$70,083,410$0$0$47,810,284
93$76,992,557$0$0$52,528,575
94$84,598,897$0$0$57,723,143
95$92,973,307$0$0$63,442,411
96$102,193,884$0$0$69,739,737
97$112,346,685$0$0$76,673,915
98$123,526,536$0$0$84,309,733
99$135,837,928$0$0$92,718,579
100$149,395,999$0$0$101,979,119