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%16.7%
1 years$67,302$66,702$66,118$65,547$64,989$63,213
2 years$33,318$32,697$32,096$31,513$30,947$29,171
3 years$21,991$21,368$20,768$20,191$19,634$17,913
4 years$16,329$15,708$15,114$14,546$14,003$12,351
5 years$12,933$12,315$11,729$11,173$10,645$9,065
6 years$10,669$10,056$9,479$8,935$8,423$6,918
7 years$9,053$8,445$7,877$7,346$6,850$5,420
8 years$7,841$7,239$6,680$6,162$5,683$4,326
9 years$6,899$6,303$5,754$5,249$4,786$3,502
10 years$6,146$5,556$5,016$4,525$4,078$2,865
11 years$5,531$4,946$4,416$3,938$3,507$2,363
12 years$5,018$4,439$3,919$3,454$3,039$1,962
13 years$4,584$4,012$3,502$3,049$2,650$1,638
14 years$4,213$3,647$3,146$2,707$2,323$1,373
15 years$3,892$3,331$2,841$2,414$2,045$1,155
16 years$3,611$3,056$2,575$2,162$1,808$974
17 years$3,363$2,815$2,344$1,942$1,603$824
18 years$3,143$2,601$2,139$1,750$1,425$698
19 years$2,947$2,411$1,958$1,581$1,270$593
20 years$2,770$2,240$1,797$1,432$1,135$504
21 years$2,610$2,086$1,653$1,300$1,015$429
22 years$2,465$1,948$1,524$1,182$910$365
23 years$2,333$1,822$1,407$1,076$817$312
24 years$2,212$1,707$1,301$982$734$266
25 years$2,101$1,602$1,205$897$661$227
26 years$1,999$1,505$1,118$820$595$194
27 years$1,904$1,417$1,038$750$537$166
28 years$1,816$1,335$965$688$484$142
29 years$1,735$1,259$898$630$437$121
30 years$1,659$1,189$836$579$395$104
31 years$1,588$1,124$780$531$357$89
32 years$1,522$1,064$727$488$323$76
33 years$1,460$1,007$679$449$292$65
34 years$1,401$955$635$413$265$56
35 years$1,346$906$593$380$240$48
36 years$1,294$860$555$350$217$41
37 years$1,246$816$520$323$197$35
38 years$1,199$776$487$298$179$30
39 years$1,156$738$456$274$162$26
40 years$1,114$702$427$253$147$22
41 years$1,075$668$401$233$133$19
42 years$1,038$636$376$215$121$16
43 years$1,002$606$353$199$110$14
44 years$968$578$331$184$100$12
45 years$936$551$311$170$90$10
46 years$905$526$292$157$82$9
47 years$876$502$274$145$75$7
48 years$848$479$258$134$68$6
49 years$821$457$242$124$61$5
50 years$796$437$228$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $815,000, adding $2,555 every year, while hoping to spend $46,445 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: 64/30/6 Blend
39$815,000$815,000$815,000$815,000
40$900,765$857,570$844,938$957,348
41$943,226$850,174$823,826$987,926
42$988,462$840,859$800,451$1,015,576
43$1,036,705$829,482$774,686$1,044,555
44$1,088,214$815,891$746,403$1,074,987
45$1,143,267$799,925$715,463$1,107,013
46$1,202,174$781,415$681,725$1,140,786
47$1,265,272$760,180$645,038$1,176,479
48$1,332,931$736,030$605,248$1,214,284
49$1,405,556$708,762$562,191$1,254,413
50$1,483,595$678,164$515,696$1,297,103
51$1,567,536$644,008$465,586$1,342,617
52$1,657,916$606,055$411,674$1,391,247
53$1,755,325$564,054$353,767$1,443,319
54$1,860,411$517,736$291,662$1,499,192
55$1,973,887$466,819$225,146$1,559,267
56$2,096,534$411,003$153,999$1,623,987
57$2,229,212$349,974$77,990$1,693,847
58$2,372,867$283,398$0$1,769,392
59$2,528,538$210,923$0$1,851,430
60$2,697,366$132,175$0$1,945,774
61$2,880,608$46,763$0$2,048,188
62$3,079,647$0$0$2,159,517
63$3,296,002$0$0$2,295,790
64$3,531,346$0$0$2,460,866
65$3,787,518$0$0$2,640,602
66$4,066,543$0$0$2,836,427
67$4,370,648$0$0$3,049,910
68$4,702,286$0$0$3,282,780
69$5,064,154$0$0$3,536,939
70$5,459,223$0$0$3,814,480
71$5,890,763$0$0$4,117,708
72$6,362,373$0$0$4,449,162
73$6,878,015$0$0$4,811,635
74$7,442,054$0$0$5,208,202
75$8,059,293$0$0$5,642,252
76$8,735,022$0$0$6,117,513
77$9,475,066$0$0$6,638,093
78$10,285,841$0$0$7,208,515
79$11,174,410$0$0$7,833,760
80$12,148,555$0$0$8,519,314
81$13,216,845$0$0$9,271,220
82$14,388,719$0$0$10,096,133
83$15,674,572$0$0$11,001,383
84$17,085,855$0$0$11,995,045
85$18,635,183$0$0$13,086,014
86$20,336,448$0$0$14,284,087
87$22,204,958$0$0$15,600,057
88$24,257,573$0$0$17,045,815
89$26,512,867$0$0$18,634,458
90$28,991,304$0$0$20,380,417
91$31,715,426$0$0$22,299,589
92$34,710,069$0$0$24,409,488
93$38,002,596$0$0$26,729,410
94$41,623,151$0$0$29,280,613
95$45,604,948$0$0$32,086,521
96$49,984,580$0$0$35,172,940
97$54,802,364$0$0$38,568,300
98$60,102,722$0$0$42,303,931
99$65,934,598$0$0$46,414,349
100$72,351,919$0$0$50,937,585