Can I retire at age 40 with 999,000?

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 $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%15.3%
1 years$82,496$81,762$81,045$80,345$79,662$77,926
2 years$40,840$40,079$39,342$38,627$37,934$36,194
3 years$26,956$26,192$25,457$24,749$24,067$22,377
4 years$20,016$19,254$18,526$17,830$17,165$15,538
5 years$15,852$15,095$14,377$13,695$13,048$11,489
6 years$13,078$12,327$11,619$10,952$10,325$8,835
7 years$11,097$10,352$9,655$9,004$8,397$6,976
8 years$9,612$8,873$8,188$7,554$6,966$5,615
9 years$8,457$7,726$7,053$6,434$5,866$4,583
10 years$7,534$6,810$6,149$5,546$4,998$3,782
11 years$6,779$6,063$5,413$4,827$4,299$3,148
12 years$6,151$5,441$4,804$4,234$3,725$2,638
13 years$5,620$4,917$4,292$3,738$3,248$2,222
14 years$5,164$4,470$3,857$3,318$2,848$1,881
15 years$4,770$4,083$3,482$2,959$2,507$1,598
16 years$4,426$3,746$3,157$2,650$2,216$1,362
17 years$4,122$3,450$2,873$2,381$1,965$1,163
18 years$3,853$3,188$2,622$2,145$1,747$996
19 years$3,612$2,955$2,401$1,939$1,557$854
20 years$3,395$2,746$2,203$1,756$1,391$734
21 years$3,200$2,558$2,026$1,593$1,245$631
22 years$3,022$2,387$1,868$1,449$1,116$544
23 years$2,860$2,233$1,725$1,319$1,001$469
24 years$2,712$2,092$1,595$1,203$900$405
25 years$2,576$1,963$1,477$1,099$810$349
26 years$2,450$1,845$1,370$1,005$730$302
27 years$2,334$1,736$1,272$920$658$261
28 years$2,227$1,636$1,183$843$594$226
29 years$2,127$1,544$1,101$773$536$195
30 years$2,034$1,458$1,025$709$484$169
31 years$1,947$1,378$956$651$438$146
32 years$1,865$1,304$892$599$396$127
33 years$1,789$1,235$833$550$358$110
34 years$1,717$1,170$778$507$325$95
35 years$1,650$1,110$727$466$294$82
36 years$1,587$1,054$680$429$266$71
37 years$1,527$1,001$637$396$241$62
38 years$1,470$951$596$365$219$54
39 years$1,417$904$559$336$198$46
40 years$1,366$860$524$310$180$40
41 years$1,318$819$491$286$163$35
42 years$1,272$780$461$264$148$30
43 years$1,228$743$432$244$134$26
44 years$1,187$708$406$225$122$23
45 years$1,147$676$381$208$111$20
46 years$1,110$644$358$192$101$17
47 years$1,074$615$336$177$91$15
48 years$1,040$587$316$164$83$13
49 years$1,007$561$297$151$75$11
50 years$975$536$279$140$68$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $999,000, adding $6,364 every year, while hoping to spend $27,605 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: 57/21/22 Blend
39$999,000$999,000$999,000$999,000
40$1,107,462$1,054,515$1,039,031$1,163,688
41$1,191,052$1,076,815$1,044,467$1,225,066
42$1,282,243$1,099,282$1,049,160$1,288,433
43$1,381,780$1,121,896$1,053,056$1,356,896
44$1,490,487$1,144,634$1,056,098$1,430,954
45$1,609,265$1,167,470$1,058,226$1,511,155
46$1,739,112$1,190,378$1,059,378$1,598,105
47$1,881,123$1,213,327$1,059,489$1,692,470
48$2,036,504$1,236,287$1,058,489$1,794,986
49$2,206,585$1,259,223$1,056,305$1,906,464
50$2,392,828$1,282,096$1,052,863$2,027,797
51$2,596,845$1,304,868$1,048,083$2,159,970
52$2,820,411$1,327,493$1,041,880$2,304,070
53$3,065,478$1,349,926$1,034,169$2,461,294
54$3,334,200$1,372,115$1,024,857$2,632,961
55$3,628,947$1,394,007$1,013,848$2,820,528
56$3,952,330$1,415,544$1,001,042$3,025,599
57$4,307,224$1,436,663$986,334$3,249,942
58$4,696,799$1,457,297$969,614$3,495,508
59$5,124,542$1,477,374$950,766$3,764,447
60$5,594,298$1,496,818$929,669$4,059,129
61$6,110,302$1,515,548$906,198$4,382,167
62$6,677,217$1,533,474$880,221$4,736,442
63$7,300,184$1,550,505$851,598$5,125,131
64$7,984,862$1,566,539$820,186$5,551,734
65$8,737,490$1,581,471$785,834$6,020,111
66$9,564,938$1,595,187$748,384$6,534,518
67$10,474,777$1,607,567$707,670$7,099,646
68$11,475,347$1,618,480$663,520$7,720,667
69$12,575,837$1,627,791$615,753$8,403,282
70$13,786,373$1,635,353$564,181$9,153,775
71$15,118,110$1,641,012$508,607$9,979,075
72$16,583,337$1,644,602$448,826$10,886,819
73$18,195,598$1,645,948$384,622$11,885,427
74$19,969,813$1,644,864$315,772$12,984,178
75$21,922,424$1,641,152$242,040$14,193,304
76$24,071,546$1,634,602$163,182$15,524,082
77$26,437,138$1,624,992$78,943$16,988,942
78$29,041,195$1,612,086$0$18,601,588
79$31,907,951$1,595,632$0$20,379,695
80$35,064,109$1,575,366$0$22,357,285
81$38,539,095$1,551,005$0$24,534,225
82$42,365,330$1,522,252$0$26,930,818
83$46,578,541$1,488,790$0$29,569,433
84$51,218,097$1,450,285$0$32,474,725
85$56,327,376$1,406,382$0$35,673,864
86$61,954,180$1,356,706$0$39,196,793
87$68,151,182$1,300,861$0$43,076,510
88$74,976,426$1,238,426$0$47,349,380
89$82,493,870$1,168,958$0$52,055,482
90$90,773,993$1,091,985$0$57,238,981
91$99,894,460$1,007,012$0$62,948,551
92$109,940,853$913,514$0$69,237,834
93$121,007,478$810,934$0$76,165,945
94$133,198,257$698,686$0$83,798,031
95$146,627,709$576,151$0$92,205,888
96$161,422,026$442,674$0$101,468,638
97$177,720,270$297,562$0$111,673,478
98$195,675,681$140,086$0$122,916,503
99$215,457,123$0$0$135,303,612
100$237,250,682$0$0$148,958,568