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%17.9%
1 years$67,219$66,621$66,036$65,466$64,910$62,832
2 years$33,277$32,657$32,057$31,474$30,909$28,835
3 years$21,964$21,342$20,743$20,166$19,610$17,605
4 years$16,309$15,688$15,095$14,528$13,986$12,065
5 years$12,917$12,300$11,715$11,159$10,632$8,800
6 years$10,656$10,044$9,467$8,924$8,413$6,671
7 years$9,042$8,435$7,867$7,337$6,842$5,191
8 years$7,832$7,230$6,672$6,155$5,676$4,115
9 years$6,891$6,295$5,747$5,243$4,780$3,306
10 years$6,139$5,549$5,010$4,519$4,073$2,684
11 years$5,524$4,940$4,411$3,933$3,503$2,197
12 years$5,012$4,434$3,914$3,450$3,035$1,810
13 years$4,579$4,007$3,497$3,046$2,647$1,499
14 years$4,208$3,642$3,142$2,704$2,320$1,246
15 years$3,887$3,327$2,837$2,411$2,043$1,039
16 years$3,606$3,053$2,572$2,159$1,806$869
17 years$3,359$2,811$2,341$1,940$1,601$729
18 years$3,139$2,598$2,137$1,748$1,423$612
19 years$2,943$2,408$1,956$1,580$1,269$515
20 years$2,767$2,237$1,795$1,431$1,133$434
21 years$2,607$2,084$1,651$1,298$1,014$366
22 years$2,462$1,945$1,522$1,180$909$309
23 years$2,330$1,819$1,405$1,075$816$261
24 years$2,210$1,705$1,300$981$733$220
25 years$2,099$1,600$1,204$895$660$186
26 years$1,996$1,503$1,116$819$595$158
27 years$1,902$1,415$1,037$749$536$133
28 years$1,814$1,333$964$687$484$113
29 years$1,733$1,258$897$630$437$96
30 years$1,657$1,188$835$578$395$81
31 years$1,586$1,123$779$531$357$69
32 years$1,520$1,063$727$488$323$58
33 years$1,458$1,006$678$449$292$49
34 years$1,399$954$634$413$264$42
35 years$1,345$905$593$380$239$35
36 years$1,293$859$554$350$217$30
37 years$1,244$815$519$322$197$25
38 years$1,198$775$486$297$178$22
39 years$1,154$737$455$274$162$18
40 years$1,113$701$427$253$147$16
41 years$1,074$667$400$233$133$13
42 years$1,036$636$375$215$121$11
43 years$1,001$606$352$199$110$9
44 years$967$577$331$183$99$8
45 years$935$550$310$169$90$7
46 years$904$525$292$156$82$6
47 years$875$501$274$145$74$5
48 years$847$478$257$134$68$4
49 years$820$457$242$123$61$4
50 years$795$436$227$114$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $814,000, adding $5,260 every year, while hoping to spend $58,105 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: 66/26/8 Blend
39$814,000$814,000$814,000$814,000
40$902,454$859,312$846,695$960,297
41$932,681$839,595$813,236$979,702
42$964,043$816,964$776,708$993,481
43$996,596$791,216$736,949$1,007,014
44$1,030,398$762,134$693,785$1,020,269
45$1,065,509$729,490$647,038$1,033,215
46$1,101,998$693,041$596,520$1,045,819
47$1,139,934$652,533$542,036$1,058,046
48$1,179,394$607,693$483,381$1,069,861
49$1,220,459$558,237$420,341$1,081,228
50$1,263,217$503,862$352,694$1,092,109
51$1,307,762$444,248$280,206$1,102,468
52$1,354,195$379,058$202,634$1,112,266
53$1,402,625$307,933$119,724$1,121,463
54$1,453,169$230,499$31,211$1,130,021
55$1,505,955$146,355$0$1,137,900
56$1,561,118$55,082$0$1,150,461
57$1,618,806$0$0$1,165,460
58$1,679,181$0$0$1,192,740
59$1,742,414$0$0$1,237,831
60$1,808,693$0$0$1,285,109
61$1,878,223$0$0$1,334,722
62$1,951,223$0$0$1,386,829
63$2,027,934$0$0$1,441,604
64$2,108,616$0$0$1,499,236
65$2,193,554$0$0$1,559,929
66$2,283,057$0$0$1,623,908
67$2,377,460$0$0$1,691,416
68$2,477,130$0$0$1,762,719
69$2,582,468$0$0$1,838,106
70$2,693,909$0$0$1,917,894
71$2,811,930$0$0$2,002,428
72$2,937,051$0$0$2,092,085
73$3,069,841$0$0$2,187,277
74$3,210,922$0$0$2,288,455
75$3,360,974$0$0$2,396,113
76$3,520,741$0$0$2,510,791
77$3,691,038$0$0$2,633,079
78$3,872,758$0$0$2,763,625
79$4,066,878$0$0$2,903,140
80$4,274,469$0$0$3,052,400
81$4,496,708$0$0$3,212,258
82$4,734,881$0$0$3,383,650
83$4,990,403$0$0$3,567,602
84$5,264,823$0$0$3,765,241
85$5,559,845$0$0$3,977,801
86$5,877,336$0$0$4,206,640
87$6,219,348$0$0$4,453,248
88$6,588,135$0$0$4,719,263
89$6,986,173$0$0$5,006,482
90$7,416,181$0$0$5,316,882
91$7,881,148$0$0$5,652,635
92$8,384,360$0$0$6,016,127
93$8,929,429$0$0$6,409,984
94$9,520,325$0$0$6,837,091
95$10,161,416$0$0$7,300,622
96$10,857,504$0$0$7,804,066
97$11,613,871$0$0$8,351,263
98$12,436,328$0$0$8,946,437
99$13,331,267$0$0$9,594,233
100$14,305,723$0$0$10,299,766