Can I retire at age 40 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$82,496$81,762$81,045$80,345$79,662$76,744
2 years$40,840$40,079$39,342$38,627$37,934$35,027
3 years$26,956$26,192$25,457$24,749$24,067$21,262
4 years$20,016$19,254$18,526$17,830$17,165$14,483
5 years$15,852$15,095$14,377$13,695$13,048$10,497
6 years$13,078$12,327$11,619$10,952$10,325$7,906
7 years$11,097$10,352$9,655$9,004$8,397$6,109
8 years$9,612$8,873$8,188$7,554$6,966$4,808
9 years$8,457$7,726$7,053$6,434$5,866$3,835
10 years$7,534$6,810$6,149$5,546$4,998$3,091
11 years$6,779$6,063$5,413$4,827$4,299$2,510
12 years$6,151$5,441$4,804$4,234$3,725$2,051
13 years$5,620$4,917$4,292$3,738$3,248$1,684
14 years$5,164$4,470$3,857$3,318$2,848$1,389
15 years$4,770$4,083$3,482$2,959$2,507$1,149
16 years$4,426$3,746$3,157$2,650$2,216$952
17 years$4,122$3,450$2,873$2,381$1,965$791
18 years$3,853$3,188$2,622$2,145$1,747$659
19 years$3,612$2,955$2,401$1,939$1,557$549
20 years$3,395$2,746$2,203$1,756$1,391$458
21 years$3,200$2,558$2,026$1,593$1,245$383
22 years$3,022$2,387$1,868$1,449$1,116$320
23 years$2,860$2,233$1,725$1,319$1,001$268
24 years$2,712$2,092$1,595$1,203$900$224
25 years$2,576$1,963$1,477$1,099$810$188
26 years$2,450$1,845$1,370$1,005$730$157
27 years$2,334$1,736$1,272$920$658$132
28 years$2,227$1,636$1,183$843$594$111
29 years$2,127$1,544$1,101$773$536$93
30 years$2,034$1,458$1,025$709$484$78
31 years$1,947$1,378$956$651$438$65
32 years$1,865$1,304$892$599$396$55
33 years$1,789$1,235$833$550$358$46
34 years$1,717$1,170$778$507$325$39
35 years$1,650$1,110$727$466$294$32
36 years$1,587$1,054$680$429$266$27
37 years$1,527$1,001$637$396$241$23
38 years$1,470$951$596$365$219$19
39 years$1,417$904$559$336$198$16
40 years$1,366$860$524$310$180$13
41 years$1,318$819$491$286$163$11
42 years$1,272$780$461$264$148$10
43 years$1,228$743$432$244$134$8
44 years$1,187$708$406$225$122$7
45 years$1,147$676$381$208$111$6
46 years$1,110$644$358$192$101$5
47 years$1,074$615$336$177$91$4
48 years$1,040$587$316$164$83$3
49 years$1,007$561$297$151$75$3
50 years$975$536$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $999,000, adding $6,659 every year, while hoping to spend $48,744 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: 74/16/10 Blend
39$999,000$999,000$999,000$999,000
40$1,107,767$1,054,820$1,039,335$1,187,223
41$1,168,896$1,054,643$1,022,290$1,240,371
42$1,234,626$1,052,823$1,003,040$1,291,820
43$1,305,376$1,049,230$981,459$1,346,827
44$1,381,604$1,043,721$957,418$1,405,731
45$1,463,814$1,036,150$930,778$1,468,903
46$1,552,561$1,026,359$901,396$1,536,754
47$1,648,451$1,014,180$869,123$1,609,737
48$1,752,155$999,437$833,800$1,688,351
49$1,864,407$981,941$795,264$1,773,147
50$1,986,014$961,494$753,343$1,864,732
51$2,117,866$937,886$707,859$1,963,779
52$2,260,939$910,893$658,623$2,071,026
53$2,416,308$880,279$605,440$2,187,291
54$2,585,154$845,796$548,104$2,313,473
55$2,768,777$807,177$486,403$2,450,567
56$2,968,608$764,144$420,113$2,599,670
57$3,186,220$716,402$349,001$2,761,992
58$3,423,345$663,636$272,824$2,938,866
59$3,681,889$605,517$191,326$3,131,766
60$3,963,950$541,695$104,244$3,342,316
61$4,271,835$471,801$11,299$3,572,309
62$4,608,088$395,445$0$3,823,722
63$4,975,504$312,213$0$4,108,115
64$5,377,165$221,671$0$4,420,410
65$5,816,461$123,359$0$4,762,091
66$6,297,127$16,790$0$5,136,121
67$6,823,273$0$0$5,545,765
68$7,399,427$0$0$6,011,976
69$8,030,574$0$0$6,525,967
70$8,722,206$0$0$7,089,260
71$9,480,367$0$0$7,706,785
72$10,311,719$0$0$8,383,971
73$11,223,596$0$0$9,126,800
74$12,224,077$0$0$9,941,859
75$13,322,061$0$0$10,836,404
76$14,527,349$0$0$11,818,427
77$15,850,740$0$0$12,896,734
78$17,304,127$0$0$14,081,021
79$18,900,613$0$0$15,381,974
80$20,654,631$0$0$16,811,361
81$22,582,084$0$0$18,382,149
82$24,700,487$0$0$20,108,623
83$27,029,142$0$0$22,006,519
84$29,589,309$0$0$24,093,175
85$32,404,414$0$0$26,387,693
86$35,500,265$0$0$28,911,118
87$38,905,297$0$0$31,686,636
88$42,650,838$0$0$34,739,795
89$46,771,406$0$0$38,098,740
90$51,305,033$0$0$41,794,487
91$56,293,623$0$0$45,861,204
92$61,783,346$0$0$50,336,542
93$67,825,076$0$0$55,261,986
94$74,474,866$0$0$60,683,245
95$81,794,482$0$0$66,650,686
96$89,851,979$0$0$73,219,804
97$98,722,346$0$0$80,451,751
98$108,488,213$0$0$88,413,908
99$119,240,628$0$0$97,180,522
100$131,079,918$0$0$106,833,404