Can I retire at age 40 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$66,394$65,802$65,225$64,662$64,112$61,544
2 years$32,868$32,256$31,663$31,088$30,530$27,975
3 years$21,694$21,080$20,488$19,918$19,369$16,908
4 years$16,109$15,496$14,910$14,350$13,814$11,465
5 years$12,758$12,149$11,571$11,022$10,501$8,270
6 years$10,525$9,920$9,351$8,814$8,309$6,198
7 years$8,931$8,331$7,771$7,247$6,758$4,765
8 years$7,736$7,141$6,590$6,079$5,606$3,730
9 years$6,806$6,218$5,676$5,178$4,721$2,959
10 years$6,063$5,481$4,949$4,464$4,023$2,371
11 years$5,456$4,879$4,357$3,885$3,460$1,914
12 years$4,950$4,379$3,866$3,407$2,998$1,555
13 years$4,523$3,958$3,454$3,008$2,614$1,269
14 years$4,156$3,597$3,104$2,670$2,292$1,040
15 years$3,839$3,286$2,802$2,381$2,018$854
16 years$3,562$3,015$2,541$2,132$1,783$704
17 years$3,318$2,777$2,312$1,916$1,581$581
18 years$3,101$2,566$2,110$1,727$1,406$480
19 years$2,907$2,378$1,932$1,560$1,253$398
20 years$2,733$2,210$1,773$1,413$1,119$330
21 years$2,575$2,058$1,631$1,282$1,002$273
22 years$2,432$1,921$1,503$1,166$898$227
23 years$2,302$1,797$1,388$1,062$806$189
24 years$2,182$1,684$1,284$969$724$157
25 years$2,073$1,580$1,189$884$652$130
26 years$1,972$1,485$1,103$809$587$108
27 years$1,878$1,398$1,024$740$529$90
28 years$1,792$1,317$952$678$478$75
29 years$1,712$1,242$886$622$431$63
30 years$1,637$1,173$825$571$390$52
31 years$1,567$1,109$769$524$352$43
32 years$1,501$1,049$718$482$319$36
33 years$1,440$994$670$443$288$30
34 years$1,382$942$626$408$261$25
35 years$1,328$893$585$375$237$21
36 years$1,277$848$548$346$214$17
37 years$1,229$805$513$318$194$14
38 years$1,183$765$480$293$176$12
39 years$1,140$728$450$271$160$10
40 years$1,099$692$421$250$145$8
41 years$1,060$659$395$230$131$7
42 years$1,024$628$371$213$119$6
43 years$989$598$348$196$108$5
44 years$955$570$327$181$98$4
45 years$924$544$307$167$89$3
46 years$893$519$288$155$81$3
47 years$864$495$271$143$74$2
48 years$837$473$254$132$67$2
49 years$810$451$239$122$61$2
50 years$785$431$225$113$55$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $804,000, adding $4,094 every year, while hoping to spend $29,372 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: 80/12/8 Blend
39$804,000$804,000$804,000$804,000
40$890,231$847,619$835,157$960,196
41$949,783$857,901$831,883$1,016,919
42$1,014,425$867,702$827,515$1,074,869
43$1,084,645$876,968$821,986$1,137,575
44$1,160,980$885,640$815,223$1,205,499
45$1,244,020$893,657$807,154$1,279,147
46$1,334,417$900,953$797,700$1,359,078
47$1,432,884$907,456$786,780$1,445,906
48$1,540,209$913,093$774,308$1,540,309
49$1,657,258$917,782$760,195$1,643,033
50$1,784,985$921,440$744,347$1,754,901
51$1,924,438$923,975$726,668$1,876,817
52$2,076,773$925,292$707,054$2,009,781
53$2,243,262$925,289$685,398$2,154,892
54$2,425,304$923,858$661,588$2,313,360
55$2,624,441$920,883$635,508$2,486,521
56$2,842,370$916,243$607,034$2,675,847
57$3,080,961$909,808$576,038$2,882,957
58$3,342,271$901,441$542,388$3,109,638
59$3,628,567$890,995$505,942$3,357,859
60$3,942,345$878,318$466,555$3,629,788
61$4,286,353$863,245$424,074$3,927,816
62$4,663,620$845,603$378,339$4,254,577
63$5,077,480$825,208$329,184$4,612,975
64$5,531,606$801,866$276,434$5,006,208
65$6,030,044$775,371$219,909$5,437,804
66$6,577,250$745,506$159,417$5,911,647
67$7,178,134$712,040$94,762$6,432,020
68$7,838,103$674,730$25,736$7,003,644
69$8,563,114$633,316$0$7,631,719
70$9,359,731$587,528$0$8,326,071
71$10,235,182$537,076$0$9,091,537
72$11,197,434$481,656$0$9,932,900
73$12,255,261$420,945$0$10,857,857
74$13,418,330$354,604$0$11,874,888
75$14,697,293$282,273$0$12,993,337
76$16,103,884$203,571$0$14,223,502
77$17,651,033$118,099$0$15,576,731
78$19,352,984$25,432$0$17,065,528
79$21,225,433$0$0$18,703,676
80$23,285,673$0$0$20,516,246
81$25,552,757$0$0$22,514,517
82$28,047,681$0$0$24,713,639
83$30,793,575$0$0$27,134,004
84$33,815,930$0$0$29,798,082
85$37,142,829$0$0$32,730,634
86$40,805,218$0$0$35,958,941
87$44,837,196$0$0$39,513,062
88$49,276,337$0$0$43,426,123
89$54,164,041$0$0$47,734,622
90$59,545,928$0$0$52,478,777
91$65,472,268$0$0$57,702,906
92$71,998,454$0$0$63,455,842
93$79,185,523$0$0$69,791,395
94$87,100,735$0$0$76,768,861
95$95,818,204$0$0$84,453,579
96$105,419,601$0$0$92,917,548
97$115,994,921$0$0$102,240,108
98$127,643,332$0$0$112,508,686
99$140,474,115$0$0$123,819,621
100$154,607,689$0$0$136,279,076