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%14.4%
1 years$81,753$81,025$80,315$79,621$78,944$77,509
2 years$40,472$39,718$38,988$38,279$37,592$36,151
3 years$26,713$25,956$25,228$24,526$23,850$22,448
4 years$19,835$19,081$18,359$17,670$17,010$15,659
5 years$15,710$14,959$14,248$13,572$12,931$11,633
6 years$12,960$12,215$11,514$10,854$10,232$8,989
7 years$10,997$10,259$9,568$8,923$8,321$7,135
8 years$9,525$8,793$8,115$7,486$6,903$5,772
9 years$8,381$7,656$6,989$6,376$5,813$4,737
10 years$7,466$6,749$6,093$5,496$4,953$3,931
11 years$6,718$6,008$5,364$4,783$4,260$3,290
12 years$6,095$5,392$4,761$4,196$3,692$2,773
13 years$5,569$4,873$4,253$3,704$3,219$2,351
14 years$5,118$4,430$3,822$3,288$2,822$2,002
15 years$4,727$4,046$3,451$2,932$2,485$1,711
16 years$4,386$3,713$3,128$2,626$2,196$1,467
17 years$4,085$3,419$2,847$2,359$1,947$1,262
18 years$3,818$3,159$2,599$2,126$1,731$1,087
19 years$3,579$2,928$2,379$1,921$1,543$939
20 years$3,365$2,721$2,183$1,740$1,378$812
21 years$3,171$2,534$2,008$1,579$1,233$704
22 years$2,995$2,366$1,851$1,436$1,106$610
23 years$2,834$2,213$1,709$1,308$992$530
24 years$2,687$2,073$1,581$1,193$892$460
25 years$2,552$1,946$1,464$1,089$803$400
26 years$2,428$1,829$1,358$996$723$348
27 years$2,313$1,721$1,261$912$652$303
28 years$2,206$1,622$1,172$835$588$264
29 years$2,107$1,530$1,091$766$531$230
30 years$2,015$1,445$1,016$703$480$201
31 years$1,929$1,366$947$646$434$175
32 years$1,848$1,292$884$593$392$153
33 years$1,773$1,224$825$546$355$133
34 years$1,702$1,160$771$502$322$116
35 years$1,635$1,100$721$462$291$102
36 years$1,572$1,044$674$426$264$89
37 years$1,513$992$631$392$239$77
38 years$1,457$942$591$361$217$68
39 years$1,404$896$554$333$197$59
40 years$1,353$853$519$307$178$52
41 years$1,306$812$487$284$162$45
42 years$1,260$773$456$262$147$39
43 years$1,217$737$428$242$133$34
44 years$1,176$702$402$223$121$30
45 years$1,137$669$378$206$110$26
46 years$1,100$639$355$190$100$23
47 years$1,064$609$333$176$91$20
48 years$1,030$582$313$162$82$18
49 years$998$556$294$150$75$15
50 years$967$531$277$139$68$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $990,000, adding $2,974 every year, while hoping to spend $42,342 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: 29/42/29 Blend
39$990,000$990,000$990,000$990,000
40$1,094,048$1,041,578$1,026,233$1,115,928
41$1,160,589$1,047,563$1,015,560$1,139,513
42$1,232,498$1,052,423$1,003,110$1,160,988
43$1,310,279$1,056,058$988,780$1,183,239
44$1,394,483$1,058,360$972,460$1,206,362
45$1,485,718$1,059,218$954,035$1,230,468
46$1,584,653$1,058,511$933,387$1,255,682
47$1,692,022$1,056,112$910,390$1,282,145
48$1,808,633$1,051,887$884,913$1,310,016
49$1,935,375$1,045,691$856,819$1,339,476
50$2,073,226$1,037,373$825,966$1,370,728
51$2,223,262$1,026,771$792,202$1,403,998
52$2,386,667$1,013,714$755,373$1,439,544
53$2,564,743$998,022$715,314$1,477,653
54$2,758,923$979,502$671,853$1,518,647
55$2,970,786$957,950$624,813$1,562,888
56$3,202,068$933,152$574,007$1,610,779
57$3,454,682$904,879$519,238$1,662,773
58$3,730,731$872,890$460,304$1,719,375
59$4,032,532$836,928$396,992$1,781,149
60$4,362,638$796,725$329,078$1,848,725
61$4,723,856$751,993$256,331$1,922,805
62$5,119,279$702,431$178,508$2,004,172
63$5,552,314$647,718$95,356$2,093,697
64$6,026,710$587,517$6,611$2,192,351
65$6,546,599$521,470$0$2,301,214
66$7,116,529$449,199$0$2,448,747
67$7,741,511$370,305$0$2,612,980
68$8,427,062$284,367$0$2,793,444
69$9,179,261$190,940$0$2,991,883
70$10,004,802$89,552$0$3,210,229
71$10,911,060$0$0$3,450,619
72$11,906,159$0$0$3,724,796
73$12,999,045$0$0$4,071,535
74$14,199,577$0$0$4,452,597
75$15,518,615$0$0$4,871,447
76$16,968,121$0$0$5,331,909
77$18,561,274$0$0$5,838,190
78$20,312,595$0$0$6,394,928
79$22,238,080$0$0$7,007,232
80$24,355,352$0$0$7,680,732
81$26,683,830$0$0$8,421,631
82$29,244,906$0$0$9,236,760
83$32,062,150$0$0$10,133,652
84$35,161,532$0$0$11,120,600
85$38,571,666$0$0$12,206,746
86$42,324,079$0$0$13,402,163
87$46,453,509$0$0$14,717,947
88$50,998,230$0$0$16,166,328
89$56,000,416$0$0$17,760,778
90$61,506,537$0$0$19,516,146
91$67,567,795$0$0$21,448,789
92$74,240,611$0$0$23,576,735
93$81,587,152$0$0$25,919,847
94$89,675,922$0$0$28,500,012
95$98,582,403$0$0$31,341,349
96$108,389,771$0$0$34,470,433
97$119,189,677$0$0$37,916,551
98$131,083,113$0$0$41,711,972
99$144,181,368$0$0$45,892,255
100$158,607,069$0$0$50,496,586