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%14.7%
1 years$66,146$65,557$64,982$64,421$63,873$62,634
2 years$32,745$32,136$31,545$30,972$30,416$29,173
3 years$21,613$21,001$20,411$19,844$19,297$18,089
4 years$16,049$15,438$14,854$14,296$13,763$12,598
5 years$12,710$12,104$11,528$10,981$10,462$9,345
6 years$10,486$9,883$9,316$8,782$8,278$7,210
7 years$8,897$8,300$7,742$7,220$6,733$5,712
8 years$7,707$7,115$6,565$6,056$5,585$4,613
9 years$6,781$6,195$5,655$5,159$4,704$3,779
10 years$6,041$5,460$4,930$4,447$4,008$3,130
11 years$5,436$4,861$4,340$3,870$3,447$2,615
12 years$4,932$4,363$3,852$3,395$2,987$2,200
13 years$4,506$3,943$3,441$2,997$2,605$1,861
14 years$4,141$3,584$3,092$2,660$2,283$1,582
15 years$3,825$3,274$2,792$2,373$2,010$1,349
16 years$3,549$3,004$2,531$2,124$1,777$1,155
17 years$3,305$2,766$2,303$1,909$1,575$991
18 years$3,089$2,556$2,103$1,720$1,401$852
19 years$2,896$2,369$1,925$1,554$1,249$734
20 years$2,722$2,202$1,767$1,408$1,115$634
21 years$2,565$2,051$1,625$1,278$998$548
22 years$2,423$1,914$1,498$1,162$895$474
23 years$2,293$1,790$1,383$1,058$803$410
24 years$2,174$1,677$1,279$965$722$356
25 years$2,065$1,574$1,184$881$649$309
26 years$1,964$1,479$1,098$806$585$268
27 years$1,871$1,392$1,020$737$527$233
28 years$1,785$1,312$948$676$476$202
29 years$1,705$1,238$882$620$430$176
30 years$1,630$1,169$822$569$388$153
31 years$1,561$1,105$766$522$351$133
32 years$1,496$1,046$715$480$318$116
33 years$1,434$990$668$441$287$101
34 years$1,377$938$624$406$260$88
35 years$1,323$890$583$374$236$76
36 years$1,272$845$546$344$214$67
37 years$1,224$802$511$317$194$58
38 years$1,179$763$478$292$175$50
39 years$1,136$725$448$270$159$44
40 years$1,095$690$420$249$144$38
41 years$1,056$657$394$229$131$33
42 years$1,020$625$369$212$119$29
43 years$985$596$347$195$108$25
44 years$952$568$325$180$98$22
45 years$920$542$305$167$89$19
46 years$890$517$287$154$81$17
47 years$861$493$270$142$73$15
48 years$834$471$253$131$67$13
49 years$807$450$238$121$60$11
50 years$782$429$224$112$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $801,000, adding $3,352 every year, while hoping to spend $45,230 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: 60/32/8 Blend
39$801,000$801,000$801,000$801,000
40$886,160$843,707$831,291$937,600
41$928,423$836,924$811,015$965,696
42$973,482$828,293$788,544$990,854
43$1,021,574$817,675$763,756$1,017,163
44$1,072,957$804,924$736,525$1,044,734
45$1,127,918$789,885$706,718$1,073,694
46$1,186,769$772,393$674,196$1,104,182
47$1,249,853$752,273$638,815$1,136,355
48$1,317,545$729,341$600,422$1,170,386
49$1,390,258$703,403$558,860$1,206,470
50$1,468,445$674,250$513,963$1,244,824
51$1,552,603$641,665$465,557$1,285,689
52$1,643,279$605,417$413,463$1,329,333
53$1,741,070$565,260$357,491$1,376,055
54$1,846,638$520,935$297,445$1,426,187
55$1,960,704$472,170$233,119$1,480,100
56$2,084,065$418,676$164,298$1,538,206
57$2,217,595$360,146$90,757$1,600,960
58$2,362,255$296,259$12,263$1,668,872
59$2,519,102$226,673$0$1,742,505
60$2,689,298$151,027$0$1,828,590
61$2,874,122$68,943$0$1,923,233
62$3,074,978$0$0$2,026,180
63$3,293,415$0$0$2,145,348
64$3,531,133$0$0$2,301,511
65$3,790,005$0$0$2,471,629
66$4,072,090$0$0$2,657,063
67$4,379,656$0$0$2,859,311
68$4,715,199$0$0$3,080,021
69$5,081,466$0$0$3,321,010
70$5,481,478$0$0$3,584,274
71$5,918,566$0$0$3,872,014
72$6,396,393$0$0$4,186,651
73$6,918,993$0$0$4,530,851
74$7,490,809$0$0$4,907,551
75$8,116,732$0$0$5,319,981
76$8,802,147$0$0$5,771,704
77$9,552,987$0$0$6,266,638
78$10,375,782$0$0$6,809,102
79$11,277,726$0$0$7,403,849
80$12,266,743$0$0$8,056,118
81$13,351,558$0$0$8,771,676
82$14,541,783$0$0$9,556,877
83$15,848,004$0$0$10,418,719
84$17,281,883$0$0$11,364,910
85$18,856,265$0$0$12,403,943
86$20,585,301$0$0$13,545,171
87$22,484,578$0$0$14,798,899
88$24,571,267$0$0$16,176,479
89$26,864,287$0$0$17,690,418
90$29,384,477$0$0$19,354,492
91$32,154,798$0$0$21,183,880
92$35,200,544$0$0$23,195,306
93$38,549,584$0$0$25,407,194
94$42,232,622$0$0$27,839,842
95$46,283,485$0$0$30,515,615
96$50,739,445$0$0$33,459,154
97$55,641,567$0$0$36,697,610
98$61,035,096$0$0$40,260,894
99$66,969,885$0$0$44,181,968
100$73,500,863$0$0$48,497,147