Can I retire at age 40 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$67,302$66,702$66,118$65,547$64,989$63,651
2 years$33,318$32,697$32,096$31,513$30,947$29,605
3 years$21,991$21,368$20,768$20,191$19,634$18,330
4 years$16,329$15,708$15,114$14,546$14,003$12,747
5 years$12,933$12,315$11,729$11,173$10,645$9,440
6 years$10,669$10,056$9,479$8,935$8,423$7,271
7 years$9,053$8,445$7,877$7,346$6,850$5,752
8 years$7,841$7,239$6,680$6,162$5,683$4,637
9 years$6,899$6,303$5,754$5,249$4,786$3,792
10 years$6,146$5,556$5,016$4,525$4,078$3,135
11 years$5,531$4,946$4,416$3,938$3,507$2,614
12 years$5,018$4,439$3,919$3,454$3,039$2,195
13 years$4,584$4,012$3,502$3,049$2,650$1,853
14 years$4,213$3,647$3,146$2,707$2,323$1,571
15 years$3,892$3,331$2,841$2,414$2,045$1,338
16 years$3,611$3,056$2,575$2,162$1,808$1,142
17 years$3,363$2,815$2,344$1,942$1,603$978
18 years$3,143$2,601$2,139$1,750$1,425$839
19 years$2,947$2,411$1,958$1,581$1,270$722
20 years$2,770$2,240$1,797$1,432$1,135$621
21 years$2,610$2,086$1,653$1,300$1,015$536
22 years$2,465$1,948$1,524$1,182$910$462
23 years$2,333$1,822$1,407$1,076$817$400
24 years$2,212$1,707$1,301$982$734$346
25 years$2,101$1,602$1,205$897$661$299
26 years$1,999$1,505$1,118$820$595$259
27 years$1,904$1,417$1,038$750$537$224
28 years$1,816$1,335$965$688$484$195
29 years$1,735$1,259$898$630$437$169
30 years$1,659$1,189$836$579$395$146
31 years$1,588$1,124$780$531$357$127
32 years$1,522$1,064$727$488$323$110
33 years$1,460$1,007$679$449$292$96
34 years$1,401$955$635$413$265$83
35 years$1,346$906$593$380$240$72
36 years$1,294$860$555$350$217$63
37 years$1,246$816$520$323$197$55
38 years$1,199$776$487$298$179$47
39 years$1,156$738$456$274$162$41
40 years$1,114$702$427$253$147$36
41 years$1,075$668$401$233$133$31
42 years$1,038$636$376$215$121$27
43 years$1,002$606$353$199$110$23
44 years$968$578$331$184$100$20
45 years$936$551$311$170$90$18
46 years$905$526$292$157$82$15
47 years$876$502$274$145$75$13
48 years$848$479$258$134$68$12
49 years$821$457$242$124$61$10
50 years$796$437$228$114$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $815,000, adding $5,511 every year, while hoping to spend $45,725 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: 54/28/18 Blend
39$815,000$815,000$815,000$815,000
40$903,815$860,620$847,987$947,949
41$947,353$854,139$827,744$972,254
42$993,799$845,808$805,289$993,384
43$1,043,402$835,488$780,502$1,015,378
44$1,096,434$823,032$753,254$1,038,331
45$1,153,194$808,284$723,411$1,062,349
46$1,214,008$791,078$690,834$1,087,554
47$1,279,235$771,240$655,376$1,114,081
48$1,349,270$748,583$616,883$1,142,080
49$1,424,544$722,913$575,198$1,171,721
50$1,505,532$694,020$530,151$1,203,196
51$1,592,755$661,685$481,570$1,236,718
52$1,686,785$625,677$429,271$1,272,524
53$1,788,250$585,748$373,065$1,310,881
54$1,897,842$541,640$312,753$1,352,088
55$2,016,318$493,076$248,126$1,396,476
56$2,144,513$439,768$178,969$1,444,416
57$2,283,343$381,406$105,055$1,496,322
58$2,433,817$317,668$26,147$1,552,654
59$2,597,043$248,211$0$1,613,925
60$2,774,240$172,672$0$1,691,859
61$2,966,748$90,668$0$1,782,024
62$3,176,043$1,797$0$1,880,151
63$3,403,746$0$0$1,987,080
64$3,651,643$0$0$2,132,817
65$3,921,698$0$0$2,292,255
66$4,216,072$0$0$2,466,125
67$4,537,145$0$0$2,655,842
68$4,887,535$0$0$2,862,962
69$5,270,125$0$0$3,089,200
70$5,688,086$0$0$3,336,441
71$6,144,912$0$0$3,606,764
72$6,644,449$0$0$3,902,455
73$7,190,930$0$0$4,226,032
74$7,789,018$0$0$4,580,268
75$8,443,846$0$0$4,968,216
76$9,161,068$0$0$5,393,239
77$9,946,909$0$0$5,859,040
78$10,808,225$0$0$6,369,697
79$11,752,567$0$0$6,929,701
80$12,788,252$0$0$7,544,000
81$13,924,440$0$0$8,218,042
82$15,171,220$0$0$8,957,831
83$16,539,706$0$0$9,769,977
84$18,042,140$0$0$10,661,762
85$19,692,007$0$0$11,641,210
86$21,504,162$0$0$12,717,158
87$23,494,969$0$0$13,899,342
88$25,682,456$0$0$15,198,488
89$28,086,483$0$0$16,626,410
90$30,728,930$0$0$18,196,128
91$33,633,902$0$0$19,921,982
92$36,827,956$0$0$21,819,774
93$40,340,349$0$0$23,906,911
94$44,203,320$0$0$26,202,575
95$48,452,383$0$0$28,727,896
96$53,126,671$0$0$31,506,159
97$58,269,299$0$0$34,563,018
98$63,927,772$0$0$37,926,738
99$70,154,431$0$0$41,628,463
100$77,006,950$0$0$45,702,510