Can I retire at age 40 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$82,001$81,271$80,558$79,862$79,183$76,465
2 years$40,595$39,839$39,106$38,395$37,706$34,995
3 years$26,794$26,035$25,304$24,600$23,922$21,304
4 years$19,895$19,138$18,415$17,723$17,062$14,556
5 years$15,757$15,005$14,291$13,613$12,970$10,583
6 years$12,999$12,253$11,549$10,886$10,263$7,997
7 years$11,030$10,290$9,597$8,950$8,346$6,201
8 years$9,554$8,820$8,139$7,508$6,924$4,898
9 years$8,406$7,680$7,010$6,395$5,831$3,921
10 years$7,489$6,769$6,112$5,513$4,968$3,172
11 years$6,739$6,026$5,381$4,798$4,273$2,586
12 years$6,114$5,409$4,775$4,208$3,703$2,122
13 years$5,586$4,888$4,266$3,715$3,229$1,750
14 years$5,133$4,443$3,833$3,298$2,831$1,448
15 years$4,742$4,059$3,461$2,941$2,492$1,203
16 years$4,399$3,724$3,138$2,634$2,203$1,002
17 years$4,098$3,429$2,855$2,366$1,953$836
18 years$3,830$3,169$2,607$2,132$1,737$699
19 years$3,590$2,937$2,386$1,927$1,548$586
20 years$3,375$2,729$2,190$1,745$1,383$491
21 years$3,180$2,542$2,014$1,584$1,237$412
22 years$3,004$2,373$1,857$1,440$1,109$346
23 years$2,843$2,219$1,714$1,312$995$291
24 years$2,695$2,079$1,585$1,196$895$245
25 years$2,560$1,951$1,468$1,092$805$206
26 years$2,435$1,834$1,362$999$725$173
27 years$2,320$1,726$1,265$914$654$146
28 years$2,213$1,626$1,176$838$590$123
29 years$2,114$1,534$1,094$768$533$104
30 years$2,021$1,449$1,019$705$481$87
31 years$1,935$1,370$950$647$435$74
32 years$1,854$1,296$886$595$394$62
33 years$1,778$1,227$828$547$356$52
34 years$1,707$1,163$773$503$323$44
35 years$1,640$1,103$723$463$292$37
36 years$1,577$1,047$676$427$265$31
37 years$1,518$995$633$393$240$27
38 years$1,461$945$593$362$218$22
39 years$1,408$899$555$334$197$19
40 years$1,358$855$521$308$179$16
41 years$1,310$814$488$284$162$13
42 years$1,264$775$458$262$147$11
43 years$1,221$739$430$242$134$10
44 years$1,180$704$403$224$121$8
45 years$1,141$671$379$207$110$7
46 years$1,103$641$356$191$100$6
47 years$1,067$611$334$176$91$5
48 years$1,033$584$314$163$82$4
49 years$1,001$557$295$151$75$3
50 years$970$532$277$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $993,000, adding $6,176 every year, while hoping to spend $31,947 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: 54/32/14 Blend
39$993,000$993,000$993,000$993,000
40$1,100,657$1,048,028$1,032,636$1,155,712
41$1,178,932$1,065,390$1,033,238$1,211,253
42$1,264,121$1,082,532$1,032,789$1,267,717
43$1,356,895$1,099,409$1,031,221$1,328,447
44$1,457,992$1,115,974$1,028,461$1,393,855
45$1,568,227$1,132,176$1,024,434$1,464,398
46$1,688,493$1,147,960$1,019,059$1,540,578
47$1,819,776$1,163,266$1,012,254$1,622,950
48$1,963,160$1,178,033$1,003,932$1,712,125
49$2,119,839$1,192,193$994,000$1,808,778
50$2,291,126$1,205,675$982,363$1,913,653
51$2,478,470$1,218,402$968,921$2,027,572
52$2,683,463$1,230,292$953,569$2,151,439
53$2,907,859$1,241,260$936,196$2,286,254
54$3,153,589$1,251,210$916,688$2,433,118
55$3,422,782$1,260,046$894,924$2,593,247
56$3,717,780$1,267,663$870,778$2,767,982
57$4,041,162$1,273,947$844,118$2,958,801
58$4,395,771$1,278,781$814,806$3,167,336
59$4,784,736$1,282,037$782,698$3,395,385
60$5,211,504$1,283,582$747,643$3,644,934
61$5,679,872$1,283,272$709,484$3,918,171
62$6,194,023$1,280,956$668,056$4,217,510
63$6,758,563$1,276,473$623,185$4,545,615
64$7,378,568$1,269,652$574,694$4,905,421
65$8,059,629$1,260,311$522,393$5,300,169
66$8,807,904$1,248,259$466,086$5,733,430
67$9,630,178$1,233,292$405,567$6,209,143
68$10,533,925$1,215,193$340,623$6,731,654
69$11,527,382$1,193,733$271,030$7,305,754
70$12,619,619$1,168,670$196,554$7,936,726
71$13,820,632$1,139,747$116,951$8,630,397
72$15,141,434$1,106,692$31,966$9,393,192
73$16,594,157$1,069,217$0$10,232,197
74$18,192,170$1,027,017$0$11,163,996
75$19,950,200$979,770$0$12,194,098
76$21,884,475$927,133$0$13,327,265
77$24,012,876$868,748$0$14,574,016
78$26,355,104$804,231$0$15,945,945
79$28,932,866$733,180$0$17,455,836
80$31,770,081$655,168$0$19,117,777
81$34,893,102$569,744$0$20,947,301
82$38,330,969$476,432$0$22,961,528
83$42,115,680$374,729$0$25,179,330
84$46,282,493$264,104$0$27,621,509
85$50,870,257$143,995$0$30,310,996
86$55,921,782$13,810$0$33,273,067
87$61,484,240$0$0$36,535,582
88$67,609,609$0$0$40,173,998
89$74,355,166$0$0$44,186,282
90$81,784,025$0$0$48,605,126
91$89,965,734$0$0$53,471,916
92$98,976,928$0$0$58,832,253
93$108,902,058$0$0$64,736,391
94$119,834,179$0$0$71,239,702
95$131,875,836$0$0$78,403,208
96$145,140,027$0$0$86,294,149
97$159,751,271$0$0$94,986,621
98$175,846,780$0$0$104,562,274
99$193,577,760$0$0$115,111,086
100$213,110,829$0$0$126,732,205