Can I retire at age 40 with 816,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$67,385$66,784$66,199$65,627$65,069$64,229
2 years$33,359$32,737$32,135$31,551$30,985$30,140
3 years$22,018$21,394$20,794$20,215$19,658$18,835
4 years$16,349$15,727$15,132$14,564$14,020$13,224
5 years$12,949$12,330$11,743$11,187$10,658$9,892
6 years$10,682$10,069$9,490$8,946$8,433$7,698
7 years$9,064$8,456$7,887$7,355$6,859$6,154
8 years$7,851$7,248$6,688$6,170$5,690$5,016
9 years$6,908$6,311$5,761$5,255$4,792$4,149
10 years$6,154$5,563$5,022$4,530$4,083$3,470
11 years$5,538$4,952$4,422$3,943$3,511$2,928
12 years$5,024$4,445$3,924$3,458$3,043$2,489
13 years$4,590$4,017$3,506$3,053$2,653$2,128
14 years$4,218$3,651$3,150$2,710$2,326$1,828
15 years$3,897$3,335$2,844$2,417$2,048$1,576
16 years$3,615$3,060$2,579$2,164$1,810$1,364
17 years$3,367$2,818$2,346$1,944$1,605$1,184
18 years$3,147$2,604$2,142$1,752$1,427$1,030
19 years$2,950$2,413$1,961$1,583$1,272$898
20 years$2,773$2,243$1,800$1,434$1,136$784
21 years$2,613$2,089$1,655$1,302$1,017$686
22 years$2,468$1,950$1,526$1,183$911$601
23 years$2,336$1,824$1,409$1,078$818$527
24 years$2,215$1,709$1,303$983$735$463
25 years$2,104$1,604$1,207$898$662$406
26 years$2,001$1,507$1,119$821$596$357
27 years$1,907$1,418$1,039$751$537$314
28 years$1,819$1,337$966$688$485$277
29 years$1,737$1,261$899$631$438$244
30 years$1,661$1,191$837$579$396$215
31 years$1,590$1,126$781$532$358$189
32 years$1,524$1,065$728$489$324$167
33 years$1,461$1,009$680$450$293$147
34 years$1,403$956$635$414$265$130
35 years$1,348$907$594$381$240$115
36 years$1,296$861$556$351$218$101
37 years$1,247$817$520$323$197$89
38 years$1,201$777$487$298$179$79
39 years$1,157$739$456$275$162$70
40 years$1,116$703$428$253$147$62
41 years$1,076$669$401$234$133$54
42 years$1,039$637$376$216$121$48
43 years$1,003$607$353$199$110$42
44 years$970$579$331$184$100$38
45 years$937$552$311$170$91$33
46 years$907$526$292$157$82$29
47 years$877$502$275$145$75$26
48 years$849$480$258$134$68$23
49 years$822$458$243$124$62$20
50 years$797$437$228$114$56$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $816,000, adding $2,202 every year, while hoping to spend $30,284 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: 33/41/26 Blend
39$816,000$816,000$816,000$816,000
40$901,503$858,255$845,607$924,049
41$961,235$868,088$841,713$951,108
42$1,026,044$877,387$836,674$977,385
43$1,096,416$886,095$830,418$1,005,107
44$1,172,887$894,150$822,874$1,034,420
45$1,256,044$901,486$813,962$1,065,491
46$1,346,533$908,032$803,603$1,098,502
47$1,445,068$913,713$791,712$1,133,657
48$1,552,430$918,450$778,199$1,171,183
49$1,669,482$922,159$762,973$1,211,333
50$1,797,172$924,748$745,936$1,254,386
51$1,936,546$926,122$726,987$1,300,653
52$2,088,751$926,180$706,018$1,350,481
53$2,255,053$924,813$682,920$1,404,253
54$2,436,846$921,906$657,575$1,462,395
55$2,635,663$917,337$629,862$1,525,380
56$2,853,192$910,978$599,654$1,593,732
57$3,091,292$902,691$566,817$1,668,033
58$3,352,012$892,331$531,214$1,748,928
59$3,637,606$879,744$492,698$1,837,131
60$3,950,556$864,766$451,118$1,933,434
61$4,293,598$847,224$406,315$2,038,716
62$4,669,742$826,936$358,124$2,153,947
63$5,082,307$803,706$306,372$2,280,205
64$5,534,945$777,331$250,878$2,418,681
65$6,031,680$747,591$191,454$2,570,695
66$6,576,947$714,258$127,902$2,737,706
67$7,175,626$677,087$60,018$2,921,332
68$7,833,097$635,822$0$3,123,359
69$8,555,286$590,190$0$3,349,213
70$9,348,719$539,903$0$3,615,626
71$10,220,587$484,657$0$3,908,414
72$11,178,812$424,131$0$4,230,319
73$12,232,121$357,983$0$4,584,369
74$13,390,130$285,857$0$4,973,905
75$14,663,431$207,372$0$5,402,615
76$16,063,695$122,127$0$5,874,571
77$17,603,780$29,700$0$6,394,267
78$19,297,855$0$0$6,966,662
79$21,161,527$0$0$7,628,971
80$23,211,996$0$0$8,372,545
81$25,468,211$0$0$9,190,875
82$27,951,050$0$0$10,091,551
83$30,683,518$0$0$11,082,937
84$33,690,965$0$0$12,174,249
85$37,001,319$0$0$13,375,642
86$40,645,357$0$0$14,698,304
87$44,656,988$0$0$16,154,567
88$49,073,579$0$0$17,758,014
89$53,936,301$0$0$19,523,617
90$59,290,524$0$0$21,467,872
91$65,186,238$0$0$23,608,955
92$71,678,529$0$0$25,966,896
93$78,828,098$0$0$28,563,767
94$86,701,831$0$0$31,423,889
95$95,373,433$0$0$34,574,062
96$104,924,121$0$0$38,043,818
97$115,443,390$0$0$41,865,699
98$127,029,862$0$0$46,075,567
99$139,792,207$0$0$50,712,938
100$153,850,178$0$0$55,821,357