Can I retire at age 40 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$66,146$65,557$64,982$64,421$63,873$62,507
2 years$32,745$32,136$31,545$30,972$30,416$29,046
3 years$21,613$21,001$20,411$19,844$19,297$17,966
4 years$16,049$15,438$14,854$14,296$13,763$12,482
5 years$12,710$12,104$11,528$10,981$10,462$9,234
6 years$10,486$9,883$9,316$8,782$8,278$7,105
7 years$8,897$8,300$7,742$7,220$6,733$5,613
8 years$7,707$7,115$6,565$6,056$5,585$4,520
9 years$6,781$6,195$5,655$5,159$4,704$3,692
10 years$6,041$5,460$4,930$4,447$4,008$3,049
11 years$5,436$4,861$4,340$3,870$3,447$2,539
12 years$4,932$4,363$3,852$3,395$2,987$2,129
13 years$4,506$3,943$3,441$2,997$2,605$1,795
14 years$4,141$3,584$3,092$2,660$2,283$1,520
15 years$3,825$3,274$2,792$2,373$2,010$1,292
16 years$3,549$3,004$2,531$2,124$1,777$1,102
17 years$3,305$2,766$2,303$1,909$1,575$942
18 years$3,089$2,556$2,103$1,720$1,401$807
19 years$2,896$2,369$1,925$1,554$1,249$693
20 years$2,722$2,202$1,767$1,408$1,115$596
21 years$2,565$2,051$1,625$1,278$998$513
22 years$2,423$1,914$1,498$1,162$895$442
23 years$2,293$1,790$1,383$1,058$803$381
24 years$2,174$1,677$1,279$965$722$329
25 years$2,065$1,574$1,184$881$649$285
26 years$1,964$1,479$1,098$806$585$246
27 years$1,871$1,392$1,020$737$527$213
28 years$1,785$1,312$948$676$476$184
29 years$1,705$1,238$882$620$430$160
30 years$1,630$1,169$822$569$388$138
31 years$1,561$1,105$766$522$351$120
32 years$1,496$1,046$715$480$318$104
33 years$1,434$990$668$441$287$90
34 years$1,377$938$624$406$260$78
35 years$1,323$890$583$374$236$68
36 years$1,272$845$546$344$214$59
37 years$1,224$802$511$317$194$51
38 years$1,179$763$478$292$175$44
39 years$1,136$725$448$270$159$38
40 years$1,095$690$420$249$144$33
41 years$1,056$657$394$229$131$29
42 years$1,020$625$369$212$119$25
43 years$985$596$347$195$108$22
44 years$952$568$325$180$98$19
45 years$920$542$305$167$89$16
46 years$890$517$287$154$81$14
47 years$861$493$270$142$73$12
48 years$834$471$253$131$67$11
49 years$807$450$238$121$60$9
50 years$782$429$224$112$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $801,000, adding $6,047 every year, while hoping to spend $54,849 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: 81/14/5 Blend
39$801,000$801,000$801,000$801,000
40$888,939$846,486$834,071$960,332
41$921,252$829,605$803,653$991,013
42$955,023$810,059$770,379$1,016,734
43$990,342$787,658$734,093$1,043,269
44$1,027,307$762,204$694,636$1,070,666
45$1,066,026$733,485$651,839$1,098,982
46$1,106,612$701,278$605,528$1,128,277
47$1,149,192$665,346$555,518$1,158,619
48$1,193,901$625,439$501,619$1,190,082
49$1,240,886$581,292$443,630$1,222,750
50$1,290,307$532,627$381,343$1,256,714
51$1,342,339$479,146$314,539$1,292,074
52$1,397,172$420,538$242,990$1,328,943
53$1,455,012$356,473$166,458$1,367,444
54$1,516,084$286,602$84,696$1,407,715
55$1,580,635$210,555$0$1,449,908
56$1,648,931$127,945$0$1,494,328
57$1,721,267$38,359$0$1,545,855
58$1,797,962$0$0$1,600,189
59$1,879,365$0$0$1,666,608
60$1,965,859$0$0$1,743,468
61$2,057,861$0$0$1,825,236
62$2,155,829$0$0$1,912,317
63$2,260,264$0$0$2,005,159
64$2,371,714$0$0$2,104,251
65$2,490,781$0$0$2,210,130
66$2,618,123$0$0$2,323,382
67$2,754,462$0$0$2,444,652
68$2,900,590$0$0$2,574,647
69$3,057,376$0$0$2,714,141
70$3,225,774$0$0$2,863,986
71$3,406,829$0$0$3,025,115
72$3,601,691$0$0$3,198,552
73$3,811,621$0$0$3,385,423
74$4,038,004$0$0$3,586,964
75$4,282,363$0$0$3,804,535
76$4,546,369$0$0$4,039,625
77$4,831,861$0$0$4,293,877
78$5,140,859$0$0$4,569,091
79$5,475,583$0$0$4,867,251
80$5,838,475$0$0$5,190,534
81$6,232,220$0$0$5,541,337
82$6,659,771$0$0$5,922,295
83$7,124,376$0$0$6,336,307
84$7,629,608$0$0$6,786,561
85$8,179,398$0$0$7,276,566
86$8,778,071$0$0$7,810,180
87$9,430,387$0$0$8,391,653
88$10,141,582$0$0$9,025,658
89$10,917,422$0$0$9,717,341
90$11,764,252$0$0$10,472,364
91$12,689,057$0$0$11,296,960
92$13,699,524$0$0$12,197,993
93$14,804,118$0$0$13,183,016
94$16,012,159$0$0$14,260,347
95$17,333,908$0$0$15,439,145
96$18,780,664$0$0$16,729,495
97$20,364,868$0$0$18,142,500
98$22,100,220$0$0$19,690,389
99$24,001,810$0$0$21,386,630
100$26,086,254$0$0$23,246,053