Can I retire at age 40 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$66,311$65,720$65,144$64,582$64,032$62,586
2 years$32,827$32,216$31,623$31,049$30,492$29,042
3 years$21,667$21,053$20,462$19,893$19,345$17,938
4 years$16,089$15,476$14,891$14,332$13,797$12,443
5 years$12,742$12,134$11,556$11,008$10,488$9,191
6 years$10,512$9,908$9,339$8,803$8,299$7,060
7 years$8,920$8,321$7,761$7,238$6,749$5,569
8 years$7,726$7,132$6,582$6,072$5,599$4,477
9 years$6,798$6,210$5,669$5,172$4,715$3,650
10 years$6,056$5,474$4,942$4,458$4,018$3,008
11 years$5,449$4,873$4,351$3,880$3,455$2,500
12 years$4,944$4,374$3,862$3,403$2,994$2,092
13 years$4,517$3,953$3,450$3,004$2,611$1,761
14 years$4,151$3,593$3,100$2,667$2,289$1,488
15 years$3,834$3,282$2,799$2,379$2,015$1,262
16 years$3,558$3,011$2,538$2,130$1,781$1,074
17 years$3,314$2,773$2,309$1,914$1,579$916
18 years$3,097$2,563$2,108$1,724$1,404$784
19 years$2,903$2,375$1,930$1,558$1,252$671
20 years$2,729$2,207$1,771$1,411$1,118$576
21 years$2,572$2,056$1,629$1,281$1,000$495
22 years$2,429$1,919$1,501$1,165$897$425
23 years$2,299$1,795$1,386$1,061$805$366
24 years$2,180$1,682$1,282$967$724$315
25 years$2,070$1,578$1,187$883$651$272
26 years$1,969$1,483$1,101$808$586$234
27 years$1,876$1,396$1,023$739$529$202
28 years$1,790$1,315$951$677$477$175
29 years$1,709$1,241$885$621$431$151
30 years$1,635$1,172$824$570$389$130
31 years$1,565$1,108$768$524$352$113
32 years$1,499$1,048$717$481$318$97
33 years$1,438$993$669$442$288$84
34 years$1,381$941$625$407$261$73
35 years$1,326$892$585$375$236$63
36 years$1,275$847$547$345$214$54
37 years$1,227$804$512$318$194$47
38 years$1,182$764$479$293$176$41
39 years$1,139$727$449$270$160$35
40 years$1,098$692$421$249$145$31
41 years$1,059$658$395$230$131$26
42 years$1,022$627$370$212$119$23
43 years$987$597$347$196$108$20
44 years$954$569$326$181$98$17
45 years$922$543$306$167$89$15
46 years$892$518$288$154$81$13
47 years$863$494$270$143$73$11
48 years$836$472$254$132$67$10
49 years$809$451$239$122$61$8
50 years$784$430$224$113$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $803,000, adding $6,788 every year, while hoping to spend $51,915 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: 36/34/30 Blend
39$803,000$803,000$803,000$803,000
40$891,908$849,349$836,902$915,804
41$927,645$835,730$809,701$920,638
42$965,288$819,703$779,849$920,711
43$1,004,975$801,097$747,202$919,811
44$1,046,860$779,727$711,610$917,888
45$1,091,107$755,401$672,916$914,889
46$1,137,897$727,913$630,957$910,763
47$1,187,428$697,047$585,559$905,458
48$1,239,915$662,572$536,545$898,921
49$1,295,594$624,245$483,727$891,101
50$1,354,723$581,811$426,910$881,950
51$1,417,582$534,998$365,889$871,417
52$1,484,481$483,518$300,451$859,458
53$1,555,755$427,068$230,374$846,028
54$1,631,775$365,327$155,425$831,089
55$1,712,946$297,957$75,361$814,604
56$1,799,709$224,600$0$796,543
57$1,892,552$144,878$0$780,110
58$1,992,007$58,392$0$788,015
59$2,098,658$0$0$796,190
60$2,213,147$0$0$817,929
61$2,336,177$0$0$864,845
62$2,468,521$0$0$915,397
63$2,611,027$0$0$969,918
64$2,764,626$0$0$1,028,777
65$2,930,341$0$0$1,092,377
66$3,109,296$0$0$1,161,163
67$3,302,727$0$0$1,235,622
68$3,511,991$0$0$1,316,290
69$3,738,579$0$0$1,403,757
70$3,984,133$0$0$1,498,671
71$4,250,457$0$0$1,601,747
72$4,539,533$0$0$1,713,768
73$4,853,545$0$0$1,835,597
74$5,194,891$0$0$1,968,184
75$5,566,213$0$0$2,112,574
76$5,970,416$0$0$2,269,916
77$6,410,695$0$0$2,441,476
78$6,890,568$0$0$2,628,645
79$7,413,907$0$0$2,832,957
80$7,984,972$0$0$3,056,099
81$8,608,454$0$0$3,299,928
82$9,289,515$0$0$3,566,489
83$10,033,838$0$0$3,858,033
84$10,847,681$0$0$4,177,040
85$11,737,934$0$0$4,526,237
86$12,712,182$0$0$4,908,632
87$13,778,777$0$0$5,327,534
88$14,946,919$0$0$5,786,588
89$16,226,737$0$0$6,289,808
90$17,629,386$0$0$6,841,615
91$19,167,153$0$0$7,446,880
92$20,853,568$0$0$8,110,965
93$22,703,535$0$0$8,839,779
94$24,733,470$0$0$9,639,830
95$26,961,455$0$0$10,518,284
96$29,407,408$0$0$11,483,040
97$32,093,268$0$0$12,542,795
98$35,043,204$0$0$13,707,132
99$38,283,841$0$0$14,986,609
100$41,844,510$0$0$16,392,855