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%15.6%
1 years$81,753$81,025$80,315$79,621$78,944$77,130
2 years$40,472$39,718$38,988$38,279$37,592$35,774
3 years$26,713$25,956$25,228$24,526$23,850$22,085
4 years$19,835$19,081$18,359$17,670$17,010$15,312
5 years$15,710$14,959$14,248$13,572$12,931$11,304
6 years$12,960$12,215$11,514$10,854$10,232$8,679
7 years$10,997$10,259$9,568$8,923$8,321$6,842
8 years$9,525$8,793$8,115$7,486$6,903$5,497
9 years$8,381$7,656$6,989$6,376$5,813$4,479
10 years$7,466$6,749$6,093$5,496$4,953$3,689
11 years$6,718$6,008$5,364$4,783$4,260$3,064
12 years$6,095$5,392$4,761$4,196$3,692$2,563
13 years$5,569$4,873$4,253$3,704$3,219$2,155
14 years$5,118$4,430$3,822$3,288$2,822$1,820
15 years$4,727$4,046$3,451$2,932$2,485$1,543
16 years$4,386$3,713$3,128$2,626$2,196$1,312
17 years$4,085$3,419$2,847$2,359$1,947$1,119
18 years$3,818$3,159$2,599$2,126$1,731$956
19 years$3,579$2,928$2,379$1,921$1,543$818
20 years$3,365$2,721$2,183$1,740$1,378$701
21 years$3,171$2,534$2,008$1,579$1,233$602
22 years$2,995$2,366$1,851$1,436$1,106$517
23 years$2,834$2,213$1,709$1,308$992$445
24 years$2,687$2,073$1,581$1,193$892$383
25 years$2,552$1,946$1,464$1,089$803$330
26 years$2,428$1,829$1,358$996$723$284
27 years$2,313$1,721$1,261$912$652$245
28 years$2,206$1,622$1,172$835$588$211
29 years$2,107$1,530$1,091$766$531$182
30 years$2,015$1,445$1,016$703$480$157
31 years$1,929$1,366$947$646$434$136
32 years$1,848$1,292$884$593$392$117
33 years$1,773$1,224$825$546$355$101
34 years$1,702$1,160$771$502$322$88
35 years$1,635$1,100$721$462$291$76
36 years$1,572$1,044$674$426$264$65
37 years$1,513$992$631$392$239$57
38 years$1,457$942$591$361$217$49
39 years$1,404$896$554$333$197$42
40 years$1,353$853$519$307$178$37
41 years$1,306$812$487$284$162$32
42 years$1,260$773$456$262$147$27
43 years$1,217$737$428$242$133$24
44 years$1,176$702$402$223$121$20
45 years$1,137$669$378$206$110$18
46 years$1,100$639$355$190$100$15
47 years$1,064$609$333$176$91$13
48 years$1,030$582$313$162$82$11
49 years$998$556$294$150$75$10
50 years$967$531$277$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $990,000, adding $4,058 every year, while hoping to spend $59,362 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: 69/14/17 Blend
39$990,000$990,000$990,000$990,000
40$1,095,166$1,042,696$1,027,351$1,166,026
41$1,143,712$1,030,627$998,606$1,201,702
42$1,195,220$1,015,978$966,909$1,233,313
43$1,249,930$998,558$932,098$1,266,409
44$1,308,104$978,168$894,004$1,301,131
45$1,370,028$954,595$852,450$1,337,635
46$1,436,015$927,615$807,252$1,376,094
47$1,506,410$896,990$758,217$1,416,700
48$1,581,589$862,467$705,142$1,459,669
49$1,661,964$823,781$647,817$1,505,236
50$1,747,987$780,650$586,022$1,553,667
51$1,840,155$732,774$519,527$1,605,254
52$1,939,011$679,840$448,091$1,660,322
53$2,045,151$621,514$371,464$1,719,232
54$2,159,232$557,443$289,383$1,782,385
55$2,281,971$487,255$201,574$1,850,225
56$2,414,158$410,557$107,753$1,923,245
57$2,556,660$326,932$7,621$2,001,989
58$2,710,429$235,942$0$2,087,064
59$2,876,513$137,122$0$2,197,141
60$3,056,059$29,984$0$2,317,608
61$3,250,333$0$0$2,447,965
62$3,460,723$0$0$2,602,436
63$3,688,757$0$0$2,774,914
64$3,936,115$0$0$2,962,057
65$4,204,642$0$0$3,165,267
66$4,496,371$0$0$3,386,088
67$4,813,537$0$0$3,626,219
68$5,158,597$0$0$3,887,528
69$5,534,257$0$0$4,172,071
70$5,943,493$0$0$4,482,110
71$6,389,580$0$0$4,820,134
72$6,876,124$0$0$5,188,883
73$7,407,091$0$0$5,591,373
74$7,986,850$0$0$6,030,924
75$8,620,207$0$0$6,511,190
76$9,312,456$0$0$7,036,193
77$10,069,423$0$0$7,610,365
78$10,897,525$0$0$8,238,580
79$11,803,825$0$0$8,926,211
80$12,796,102$0$0$9,679,170
81$13,882,923$0$0$10,503,968
82$15,073,720$0$0$11,407,779
83$16,378,883$0$0$12,398,498
84$17,809,854$0$0$13,484,826
85$19,379,234$0$0$14,676,341
86$21,100,902$0$0$15,983,598
87$22,990,148$0$0$17,418,218
88$25,063,812$0$0$18,993,004
89$27,340,441$0$0$20,722,060
90$29,840,471$0$0$22,620,920
91$32,586,410$0$0$24,706,699
92$35,603,055$0$0$26,998,247
93$38,917,721$0$0$29,516,335
94$42,560,503$0$0$32,283,841
95$46,564,554$0$0$35,325,975
96$50,966,398$0$0$38,670,504
97$55,806,277$0$0$42,348,027
98$61,128,524$0$0$46,392,250
99$66,981,986$0$0$50,840,312
100$73,420,480$0$0$55,733,133