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%19.5%
1 years$81,753$81,025$80,315$79,621$78,944$75,932
2 years$40,472$39,718$38,988$38,279$37,592$34,593
3 years$26,713$25,956$25,228$24,526$23,850$20,958
4 years$19,835$19,081$18,359$17,670$17,010$14,247
5 years$15,710$14,959$14,248$13,572$12,931$10,305
6 years$12,960$12,215$11,514$10,854$10,232$7,744
7 years$10,997$10,259$9,568$8,923$8,321$5,971
8 years$9,525$8,793$8,115$7,486$6,903$4,688
9 years$8,381$7,656$6,989$6,376$5,813$3,730
10 years$7,466$6,749$6,093$5,496$4,953$2,998
11 years$6,718$6,008$5,364$4,783$4,260$2,429
12 years$6,095$5,392$4,761$4,196$3,692$1,979
13 years$5,569$4,873$4,253$3,704$3,219$1,621
14 years$5,118$4,430$3,822$3,288$2,822$1,333
15 years$4,727$4,046$3,451$2,932$2,485$1,099
16 years$4,386$3,713$3,128$2,626$2,196$909
17 years$4,085$3,419$2,847$2,359$1,947$753
18 years$3,818$3,159$2,599$2,126$1,731$625
19 years$3,579$2,928$2,379$1,921$1,543$519
20 years$3,365$2,721$2,183$1,740$1,378$432
21 years$3,171$2,534$2,008$1,579$1,233$360
22 years$2,995$2,366$1,851$1,436$1,106$300
23 years$2,834$2,213$1,709$1,308$992$250
24 years$2,687$2,073$1,581$1,193$892$209
25 years$2,552$1,946$1,464$1,089$803$174
26 years$2,428$1,829$1,358$996$723$146
27 years$2,313$1,721$1,261$912$652$122
28 years$2,206$1,622$1,172$835$588$102
29 years$2,107$1,530$1,091$766$531$85
30 years$2,015$1,445$1,016$703$480$71
31 years$1,929$1,366$947$646$434$59
32 years$1,848$1,292$884$593$392$50
33 years$1,773$1,224$825$546$355$42
34 years$1,702$1,160$771$502$322$35
35 years$1,635$1,100$721$462$291$29
36 years$1,572$1,044$674$426$264$24
37 years$1,513$992$631$392$239$20
38 years$1,457$942$591$361$217$17
39 years$1,404$896$554$333$197$14
40 years$1,353$853$519$307$178$12
41 years$1,306$812$487$284$162$10
42 years$1,260$773$456$262$147$8
43 years$1,217$737$428$242$133$7
44 years$1,176$702$402$223$121$6
45 years$1,137$669$378$206$110$5
46 years$1,100$639$355$190$100$4
47 years$1,064$609$333$176$91$3
48 years$1,030$582$313$162$82$3
49 years$998$556$294$150$75$2
50 years$967$531$277$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $990,000, adding $4,853 every year, while hoping to spend $25,113 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: 46/45/9 Blend
39$990,000$990,000$990,000$990,000
40$1,095,986$1,043,516$1,028,171$1,143,444
41$1,181,056$1,067,928$1,035,895$1,201,094
42$1,273,962$1,092,695$1,043,035$1,260,606
43$1,375,477$1,117,807$1,049,547$1,324,588
44$1,486,450$1,143,254$1,055,381$1,393,462
45$1,607,819$1,169,024$1,060,488$1,467,692
46$1,740,614$1,195,104$1,064,812$1,547,791
47$1,885,972$1,221,480$1,068,298$1,634,321
48$2,045,142$1,248,133$1,070,887$1,727,903
49$2,219,502$1,275,047$1,072,518$1,829,221
50$2,410,568$1,302,202$1,073,124$1,939,029
51$2,620,010$1,329,574$1,072,637$2,058,155
52$2,849,667$1,357,139$1,070,987$2,187,514
53$3,101,566$1,384,871$1,068,098$2,328,114
54$3,377,937$1,412,741$1,063,890$2,481,065
55$3,681,238$1,440,717$1,058,282$2,647,589
56$4,014,177$1,468,765$1,051,187$2,829,036
57$4,379,735$1,496,846$1,042,514$3,026,890
58$4,781,198$1,524,922$1,032,168$3,242,790
59$5,222,184$1,552,946$1,020,049$3,478,539
60$5,706,679$1,580,873$1,006,053$3,736,126
61$6,239,076$1,608,652$990,072$4,017,744
62$6,824,212$1,636,226$971,989$4,325,809
63$7,467,417$1,663,537$951,687$4,662,982
64$8,174,565$1,690,521$929,039$5,032,201
65$8,952,123$1,717,110$903,915$5,436,699
66$9,807,221$1,743,229$876,178$5,880,042
67$10,747,711$1,768,801$845,683$6,366,162
68$11,782,247$1,793,741$812,282$6,899,390
69$12,920,360$1,817,958$775,818$7,484,502
70$14,172,555$1,841,357$736,126$8,126,763
71$15,550,405$1,863,832$693,035$8,831,973
72$17,066,661$1,885,275$646,367$9,606,528
73$18,735,374$1,905,568$595,934$10,457,479
74$20,572,025$1,924,583$541,541$11,392,595
75$22,593,673$1,942,189$482,983$12,420,441
76$24,819,112$1,958,241$420,048$13,550,458
77$27,269,054$1,972,587$352,512$14,793,052
78$29,966,319$1,985,066$280,143$16,159,694
79$32,936,054$1,995,504$202,699$17,663,027
80$36,205,967$2,003,719$119,924$19,316,987
81$39,806,590$2,009,516$31,556$21,136,934
82$43,771,566$2,012,686$0$23,139,800
83$48,137,967$2,013,009$0$25,350,272
84$52,946,646$2,010,252$0$27,786,521
85$58,242,615$2,004,166$0$30,468,214
86$64,075,479$1,994,488$0$33,420,371
87$70,499,897$1,980,936$0$36,670,568
88$77,576,100$1,963,216$0$40,249,198
89$85,370,460$1,941,011$0$44,189,758
90$93,956,114$1,913,988$0$48,529,163
91$103,413,659$1,881,795$0$53,308,104
92$113,831,905$1,844,055$0$58,571,423
93$125,308,718$1,800,373$0$64,368,543
94$137,951,944$1,750,328$0$70,753,934
95$151,880,424$1,693,476$0$77,787,631
96$167,225,116$1,629,345$0$85,535,795
97$184,130,333$1,557,438$0$94,071,346
98$202,755,103$1,477,228$0$103,474,650
99$223,274,668$1,388,157$0$113,834,279
100$245,882,143$1,289,635$0$125,247,846