Can I retire at age 40 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$67,219$66,621$66,036$65,466$64,910$64,125
2 years$33,277$32,657$32,057$31,474$30,909$30,120
3 years$21,964$21,342$20,743$20,166$19,610$18,840
4 years$16,309$15,688$15,095$14,528$13,986$13,242
5 years$12,917$12,300$11,715$11,159$10,632$9,915
6 years$10,656$10,044$9,467$8,924$8,413$7,724
7 years$9,042$8,435$7,867$7,337$6,842$6,182
8 years$7,832$7,230$6,672$6,155$5,676$5,045
9 years$6,891$6,295$5,747$5,243$4,780$4,177
10 years$6,139$5,549$5,010$4,519$4,073$3,498
11 years$5,524$4,940$4,411$3,933$3,503$2,956
12 years$5,012$4,434$3,914$3,450$3,035$2,515
13 years$4,579$4,007$3,497$3,046$2,647$2,153
14 years$4,208$3,642$3,142$2,704$2,320$1,852
15 years$3,887$3,327$2,837$2,411$2,043$1,599
16 years$3,606$3,053$2,572$2,159$1,806$1,386
17 years$3,359$2,811$2,341$1,940$1,601$1,205
18 years$3,139$2,598$2,137$1,748$1,423$1,050
19 years$2,943$2,408$1,956$1,580$1,269$916
20 years$2,767$2,237$1,795$1,431$1,133$801
21 years$2,607$2,084$1,651$1,298$1,014$702
22 years$2,462$1,945$1,522$1,180$909$616
23 years$2,330$1,819$1,405$1,075$816$541
24 years$2,210$1,705$1,300$981$733$476
25 years$2,099$1,600$1,204$895$660$419
26 years$1,996$1,503$1,116$819$595$369
27 years$1,902$1,415$1,037$749$536$325
28 years$1,814$1,333$964$687$484$286
29 years$1,733$1,258$897$630$437$253
30 years$1,657$1,188$835$578$395$223
31 years$1,586$1,123$779$531$357$197
32 years$1,520$1,063$727$488$323$174
33 years$1,458$1,006$678$449$292$154
34 years$1,399$954$634$413$264$136
35 years$1,345$905$593$380$239$120
36 years$1,293$859$554$350$217$106
37 years$1,244$815$519$322$197$94
38 years$1,198$775$486$297$178$83
39 years$1,154$737$455$274$162$74
40 years$1,113$701$427$253$147$65
41 years$1,074$667$400$233$133$58
42 years$1,036$636$375$215$121$51
43 years$1,001$606$352$199$110$45
44 years$967$577$331$183$99$40
45 years$935$550$310$169$90$35
46 years$904$525$292$156$82$31
47 years$875$501$274$145$74$28
48 years$847$478$257$134$68$25
49 years$820$457$242$123$61$22
50 years$795$436$227$114$56$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $814,000, adding $2,659 every year, while hoping to spend $49,896 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: 65/29/6 Blend
39$814,000$814,000$814,000$814,000
40$899,771$856,629$844,012$957,212
41$938,458$845,515$819,197$984,611
42$979,420$832,184$791,879$1,008,340
43$1,022,835$816,474$761,921$1,032,944
44$1,068,898$798,216$729,180$1,058,501
45$1,117,825$777,228$693,506$1,085,102
46$1,169,849$753,318$654,744$1,112,846
47$1,225,226$726,283$612,732$1,141,845
48$1,284,238$695,910$567,297$1,172,224
49$1,347,192$661,971$518,262$1,204,123
50$1,414,423$624,225$465,442$1,237,700
51$1,486,301$582,419$408,641$1,273,129
52$1,563,230$536,284$347,657$1,310,605
53$1,645,654$485,536$282,278$1,350,347
54$1,734,059$429,876$212,283$1,392,599
55$1,828,979$368,985$137,439$1,437,632
56$1,930,998$302,529$57,507$1,485,748
57$2,040,761$230,154$0$1,537,286
58$2,158,973$151,486$0$1,594,400
59$2,286,409$66,129$0$1,659,775
60$2,423,921$0$0$1,730,207
61$2,572,444$0$0$1,814,636
62$2,733,008$0$0$1,928,765
63$2,906,741$0$0$2,052,301
64$3,094,887$0$0$2,186,131
65$3,298,811$0$0$2,331,233
66$3,520,014$0$0$2,488,683
67$3,760,150$0$0$2,659,662
68$4,021,033$0$0$2,845,470
69$4,304,663$0$0$3,047,538
70$4,613,239$0$0$3,267,440
71$4,949,178$0$0$3,506,907
72$5,315,143$0$0$3,767,844
73$5,714,062$0$0$4,052,350
74$6,149,159$0$0$4,362,730
75$6,623,983$0$0$4,701,526
76$7,142,438$0$0$5,071,534
77$7,708,825$0$0$5,475,831
78$8,327,875$0$0$5,917,808
79$9,004,800$0$0$6,401,195
80$9,745,337$0$0$6,930,100
81$10,555,803$0$0$7,509,047
82$11,443,155$0$0$8,143,016
83$12,415,053$0$0$8,837,494
84$13,479,931$0$0$9,598,522
85$14,647,082$0$0$10,432,751
86$15,926,736$0$0$11,347,511
87$17,330,164$0$0$12,350,870
88$18,869,775$0$0$13,451,718
89$20,559,244$0$0$14,659,846
90$22,413,628$0$0$15,986,039
91$24,449,515$0$0$17,442,176
92$26,685,178$0$0$19,041,345
93$29,140,746$0$0$20,797,961
94$31,838,392$0$0$22,727,905
95$34,802,546$0$0$24,848,673
96$38,060,117$0$0$27,179,539
97$41,640,753$0$0$29,741,737
98$45,577,117$0$0$32,558,660
99$49,905,193$0$0$35,656,082
100$54,664,629$0$0$39,062,399