Can I retire at age 40 with 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 $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%15.9%
1 years$81,753$81,025$80,315$79,621$78,944$77,036
2 years$40,472$39,718$38,988$38,279$37,592$35,681
3 years$26,713$25,956$25,228$24,526$23,850$21,996
4 years$19,835$19,081$18,359$17,670$17,010$15,227
5 years$15,710$14,959$14,248$13,572$12,931$11,224
6 years$12,960$12,215$11,514$10,854$10,232$8,603
7 years$10,997$10,259$9,568$8,923$8,321$6,770
8 years$9,525$8,793$8,115$7,486$6,903$5,430
9 years$8,381$7,656$6,989$6,376$5,813$4,416
10 years$7,466$6,749$6,093$5,496$4,953$3,631
11 years$6,718$6,008$5,364$4,783$4,260$3,010
12 years$6,095$5,392$4,761$4,196$3,692$2,513
13 years$5,569$4,873$4,253$3,704$3,219$2,109
14 years$5,118$4,430$3,822$3,288$2,822$1,777
15 years$4,727$4,046$3,451$2,932$2,485$1,504
16 years$4,386$3,713$3,128$2,626$2,196$1,276
17 years$4,085$3,419$2,847$2,359$1,947$1,085
18 years$3,818$3,159$2,599$2,126$1,731$925
19 years$3,579$2,928$2,379$1,921$1,543$790
20 years$3,365$2,721$2,183$1,740$1,378$676
21 years$3,171$2,534$2,008$1,579$1,233$579
22 years$2,995$2,366$1,851$1,436$1,106$496
23 years$2,834$2,213$1,709$1,308$992$426
24 years$2,687$2,073$1,581$1,193$892$365
25 years$2,552$1,946$1,464$1,089$803$314
26 years$2,428$1,829$1,358$996$723$270
27 years$2,313$1,721$1,261$912$652$232
28 years$2,206$1,622$1,172$835$588$200
29 years$2,107$1,530$1,091$766$531$172
30 years$2,015$1,445$1,016$703$480$148
31 years$1,929$1,366$947$646$434$128
32 years$1,848$1,292$884$593$392$110
33 years$1,773$1,224$825$546$355$95
34 years$1,702$1,160$771$502$322$82
35 years$1,635$1,100$721$462$291$70
36 years$1,572$1,044$674$426$264$61
37 years$1,513$992$631$392$239$52
38 years$1,457$942$591$361$217$45
39 years$1,404$896$554$333$197$39
40 years$1,353$853$519$307$178$34
41 years$1,306$812$487$284$162$29
42 years$1,260$773$456$262$147$25
43 years$1,217$737$428$242$133$22
44 years$1,176$702$402$223$121$19
45 years$1,137$669$378$206$110$16
46 years$1,100$639$355$190$100$14
47 years$1,064$609$333$176$91$12
48 years$1,030$582$313$162$82$10
49 years$998$556$294$150$75$9
50 years$967$531$277$139$68$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $990,000, adding $3,354 every year, while hoping to spend $57,330 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: 67/16/17 Blend
39$990,000$990,000$990,000$990,000
40$1,094,440$1,041,970$1,026,625$1,163,042
41$1,145,074$1,032,027$1,000,018$1,199,362
42$1,198,951$1,019,677$970,598$1,232,057
43$1,256,342$1,004,739$938,211$1,266,396
44$1,317,542$987,024$902,695$1,302,537
45$1,382,876$966,333$863,880$1,340,656
46$1,452,699$942,453$821,589$1,380,948
47$1,527,400$915,159$775,638$1,423,632
48$1,607,406$884,213$725,833$1,468,949
49$1,693,186$849,363$671,972$1,517,167
50$1,785,252$810,343$613,845$1,568,583
51$1,884,169$766,871$551,230$1,623,527
52$1,990,555$718,649$483,897$1,682,367
53$2,105,090$665,361$411,606$1,745,509
54$2,228,520$606,674$334,105$1,813,404
55$2,361,664$542,236$251,133$1,886,552
56$2,505,422$471,675$162,414$1,965,507
57$2,660,784$394,596$67,665$2,050,884
58$2,828,837$310,584$0$2,143,363
59$3,010,776$219,201$0$2,249,766
60$3,207,915$119,981$0$2,378,353
61$3,421,699$12,436$0$2,517,823
62$3,653,715$0$0$2,669,260
63$3,905,712$0$0$2,852,166
64$4,179,611$0$0$3,053,401
65$4,477,526$0$0$3,272,338
66$4,801,784$0$0$3,510,692
67$5,154,944$0$0$3,770,353
68$5,539,823$0$0$4,053,398
69$5,959,520$0$0$4,362,116
70$6,417,447$0$0$4,699,024
71$6,917,360$0$0$5,066,893
72$7,463,392$0$0$5,468,776
73$8,060,093$0$0$5,908,029
74$8,712,474$0$0$6,388,352
75$9,426,052$0$0$6,913,816
76$10,206,898$0$0$7,488,903
77$11,061,702$0$0$8,118,550
78$11,997,827$0$0$8,808,193
79$13,023,384$0$0$9,563,818
80$14,147,303$0$0$10,392,019
81$15,379,422$0$0$11,300,056
82$16,730,573$0$0$12,295,927
83$18,212,688$0$0$13,388,439
84$19,838,911$0$0$14,587,295
85$21,623,717$0$0$15,903,181
86$23,583,053$0$0$17,347,869
87$25,734,482$0$0$18,934,325
88$28,097,356$0$0$20,676,835
89$30,692,987$0$0$22,591,134
90$33,544,859$0$0$24,694,557
91$36,678,839$0$0$27,006,202
92$40,123,426$0$0$29,547,108
93$43,910,016$0$0$32,340,454
94$48,073,200$0$0$35,411,776
95$52,651,085$0$0$38,789,211
96$57,685,659$0$0$42,503,755
97$63,223,181$0$0$46,589,560
98$69,314,618$0$0$51,084,256
99$76,016,125$0$0$56,029,302
100$83,389,576$0$0$61,470,378