Can I retire at age 40 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$164,332$162,869$161,440$160,046$158,685$154,536
2 years$81,353$79,838$78,369$76,945$75,564$71,412
3 years$53,696$52,175$50,710$49,300$47,941$43,916
4 years$39,871$38,354$36,904$35,518$34,192$30,325
5 years$31,578$30,070$28,639$27,281$25,992$22,294
6 years$26,051$24,554$23,145$21,817$20,567$17,041
7 years$22,105$20,621$19,233$17,937$16,726$13,373
8 years$19,146$17,676$16,311$15,047$13,876$10,694
9 years$16,847$15,390$14,049$12,816$11,686$8,672
10 years$15,008$13,565$12,248$11,048$9,957$7,107
11 years$13,504$12,077$10,783$9,615$8,563$5,874
12 years$12,253$10,839$9,570$8,434$7,421$4,887
13 years$11,194$9,796$8,550$7,446$6,471$4,087
14 years$10,288$8,904$7,682$6,609$5,672$3,433
15 years$9,503$8,134$6,936$5,894$4,994$2,894
16 years$8,816$7,463$6,288$5,278$4,414$2,447
17 years$8,212$6,873$5,722$4,742$3,914$2,074
18 years$7,675$6,351$5,224$4,274$3,480$1,762
19 years$7,195$5,886$4,782$3,862$3,102$1,499
20 years$6,763$5,469$4,389$3,497$2,771$1,277
21 years$6,374$5,095$4,037$3,174$2,479$1,089
22 years$6,020$4,756$3,720$2,886$2,222$930
23 years$5,697$4,448$3,435$2,628$1,995$795
24 years$5,402$4,167$3,177$2,397$1,793$680
25 years$5,131$3,911$2,943$2,189$1,614$582
26 years$4,881$3,676$2,729$2,002$1,453$498
27 years$4,649$3,459$2,534$1,832$1,310$427
28 years$4,435$3,259$2,356$1,679$1,182$366
29 years$4,236$3,075$2,192$1,539$1,068$314
30 years$4,051$2,904$2,042$1,413$965$269
31 years$3,878$2,745$1,904$1,298$872$231
32 years$3,716$2,598$1,776$1,192$789$198
33 years$3,564$2,460$1,658$1,097$714$170
34 years$3,421$2,331$1,550$1,009$646$146
35 years$3,287$2,211$1,449$929$586$125
36 years$3,161$2,099$1,355$855$530$107
37 years$3,041$1,993$1,269$788$481$92
38 years$2,928$1,894$1,188$726$436$79
39 years$2,822$1,801$1,113$670$395$68
40 years$2,721$1,714$1,043$618$359$58
41 years$2,625$1,632$978$570$325$50
42 years$2,534$1,554$918$526$295$43
43 years$2,447$1,480$861$486$268$37
44 years$2,364$1,411$808$448$243$32
45 years$2,286$1,346$759$414$221$27
46 years$2,211$1,284$713$382$200$23
47 years$2,139$1,225$670$353$182$20
48 years$2,071$1,170$629$327$165$17
49 years$2,006$1,117$591$302$150$15
50 years$1,943$1,067$556$279$136$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,990,000, adding $2,415 every year, while hoping to spend $26,072 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: 47/23/30 Blend
39$1,990,000$1,990,000$1,990,000$1,990,000
40$2,195,471$2,090,001$2,059,156$2,279,646
41$2,391,669$2,164,671$2,100,397$2,414,161
42$2,607,005$2,242,125$2,142,146$2,557,384
43$2,843,404$2,322,474$2,184,393$2,712,371
44$3,102,985$2,405,830$2,227,125$2,880,243
45$3,388,086$2,492,311$2,270,329$3,062,236
46$3,701,277$2,582,041$2,313,991$3,259,705
47$4,045,393$2,675,147$2,358,096$3,474,145
48$4,423,557$2,771,762$2,402,626$3,707,201
49$4,839,207$2,872,027$2,447,562$3,960,682
50$5,296,134$2,976,084$2,492,883$4,236,578
51$5,798,513$3,084,085$2,538,567$4,537,081
52$6,350,942$3,196,186$2,584,590$4,864,605
53$6,958,490$3,312,551$2,630,926$5,221,806
54$7,626,740$3,433,350$2,677,546$5,611,607
55$8,361,844$3,558,761$2,724,421$6,037,229
56$9,170,580$3,688,968$2,771,516$6,502,216
57$10,060,415$3,824,164$2,818,798$7,010,472
58$11,039,579$3,964,548$2,866,229$7,566,295
59$12,117,136$4,110,332$2,913,768$8,174,421
60$13,303,077$4,261,731$2,961,373$8,840,061
61$14,608,409$4,418,974$3,008,997$9,568,957
62$16,045,260$4,582,297$3,056,591$10,367,434
63$17,626,994$4,751,947$3,104,104$11,242,456
64$19,368,336$4,928,181$3,151,480$12,201,695
65$21,285,511$5,111,267$3,198,660$13,253,602
66$23,396,399$5,301,485$3,245,581$14,407,484
67$25,720,700$5,499,126$3,292,176$15,673,596
68$28,280,123$5,704,494$3,338,375$17,063,232
69$31,098,588$5,917,907$3,384,103$18,588,836
70$34,202,454$6,139,694$3,429,281$20,264,114
71$37,620,766$6,370,201$3,473,824$22,104,169
72$41,385,531$6,609,787$3,517,643$24,125,636
73$45,532,016$6,858,828$3,560,645$26,346,843
74$50,099,085$7,117,714$3,602,730$28,787,984
75$55,129,564$7,386,854$3,643,794$31,471,306
76$60,670,643$7,666,673$3,683,724$34,421,318
77$66,774,324$7,957,617$3,722,405$37,665,027
78$73,497,913$8,260,147$3,759,713$41,232,187
79$80,904,555$8,574,749$3,795,518$45,155,579
80$89,063,834$8,901,927$3,829,683$49,471,323
81$98,052,431$9,242,207$3,862,063$54,219,219
82$107,954,844$9,596,140$3,892,507$59,443,117
83$118,864,186$9,964,299$3,920,854$65,191,332
84$130,883,067$10,347,283$3,946,937$71,517,103
85$144,124,557$10,745,718$3,970,577$78,479,090
86$158,713,260$11,160,255$3,991,588$86,141,930
87$174,786,481$11,591,577$4,009,776$94,576,843
88$192,495,532$12,040,395$4,024,933$103,862,306
89$212,007,153$12,507,450$4,036,845$114,084,795
90$233,505,087$12,993,519$4,045,283$125,339,593
91$257,191,815$13,499,412$4,050,010$137,731,696
92$283,290,471$14,025,973$4,050,776$151,376,800
93$312,046,939$14,574,086$4,047,317$166,402,390
94$343,732,184$15,144,673$4,039,359$182,948,948
95$378,644,802$15,738,698$4,026,613$201,171,271
96$417,113,843$16,357,165$4,008,776$221,239,936
97$459,501,916$17,001,127$3,985,530$243,342,909
98$506,208,609$17,671,680$3,956,544$267,687,314
99$557,674,266$18,369,971$3,921,467$294,501,393
100$614,384,140$19,097,199$3,879,935$324,036,652