Can I retire at age 40 with 816,000?

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 $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%16.7%
1 years$67,385$66,784$66,199$65,627$65,069$63,291
2 years$33,359$32,737$32,135$31,551$30,985$29,207
3 years$22,018$21,394$20,794$20,215$19,658$17,935
4 years$16,349$15,727$15,132$14,564$14,020$12,366
5 years$12,949$12,330$11,743$11,187$10,658$9,077
6 years$10,682$10,069$9,490$8,946$8,433$6,927
7 years$9,064$8,456$7,887$7,355$6,859$5,426
8 years$7,851$7,248$6,688$6,170$5,690$4,332
9 years$6,908$6,311$5,761$5,255$4,792$3,506
10 years$6,154$5,563$5,022$4,530$4,083$2,868
11 years$5,538$4,952$4,422$3,943$3,511$2,366
12 years$5,024$4,445$3,924$3,458$3,043$1,964
13 years$4,590$4,017$3,506$3,053$2,653$1,640
14 years$4,218$3,651$3,150$2,710$2,326$1,375
15 years$3,897$3,335$2,844$2,417$2,048$1,156
16 years$3,615$3,060$2,579$2,164$1,810$976
17 years$3,367$2,818$2,346$1,944$1,605$825
18 years$3,147$2,604$2,142$1,752$1,427$699
19 years$2,950$2,413$1,961$1,583$1,272$594
20 years$2,773$2,243$1,800$1,434$1,136$505
21 years$2,613$2,089$1,655$1,302$1,017$429
22 years$2,468$1,950$1,526$1,183$911$366
23 years$2,336$1,824$1,409$1,078$818$312
24 years$2,215$1,709$1,303$983$735$266
25 years$2,104$1,604$1,207$898$662$227
26 years$2,001$1,507$1,119$821$596$194
27 years$1,907$1,418$1,039$751$537$166
28 years$1,819$1,337$966$688$485$142
29 years$1,737$1,261$899$631$438$121
30 years$1,661$1,191$837$579$396$104
31 years$1,590$1,126$781$532$358$89
32 years$1,524$1,065$728$489$324$76
33 years$1,461$1,009$680$450$293$65
34 years$1,403$956$635$414$265$56
35 years$1,348$907$594$381$240$48
36 years$1,296$861$556$351$218$41
37 years$1,247$817$520$323$197$35
38 years$1,201$777$487$298$179$30
39 years$1,157$739$456$275$162$26
40 years$1,116$703$428$253$147$22
41 years$1,076$669$401$234$133$19
42 years$1,039$637$376$216$121$16
43 years$1,003$607$353$199$110$14
44 years$970$579$331$184$100$12
45 years$937$552$311$170$91$10
46 years$907$526$292$157$82$9
47 years$877$502$275$145$75$7
48 years$849$480$258$134$68$6
49 years$822$458$243$124$62$5
50 years$797$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 $816,000, adding $3,831 every year, while hoping to spend $40,813 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: 70/6/24 Blend
39$816,000$816,000$816,000$816,000
40$903,184$859,936$847,288$960,676
41$951,884$858,648$832,247$998,334
42$1,004,183$855,929$815,335$1,034,425
43$1,060,406$851,666$796,445$1,072,958
44$1,120,909$845,739$775,467$1,114,173
45$1,186,081$838,020$752,285$1,158,335
46$1,256,353$828,374$726,778$1,205,736
47$1,332,195$816,658$698,818$1,256,699
48$1,414,125$802,720$668,275$1,311,583
49$1,502,712$786,400$635,009$1,370,781
50$1,598,583$767,528$598,876$1,434,729
51$1,702,423$745,922$559,723$1,503,910
52$1,814,991$721,392$517,394$1,578,854
53$1,937,116$693,736$471,723$1,660,151
54$2,069,713$662,741$422,537$1,748,449
55$2,213,788$628,179$369,656$1,844,465
56$2,370,447$589,813$312,892$1,948,992
57$2,540,907$547,388$252,049$2,062,902
58$2,726,507$500,638$186,920$2,187,162
59$2,928,721$449,280$117,292$2,322,838
60$3,149,171$393,014$42,941$2,471,106
61$3,389,640$331,526$0$2,633,266
62$3,652,093$264,481$0$2,820,074
63$3,938,694$191,527$0$3,036,131
64$4,251,821$112,292$0$3,272,242
65$4,594,096$26,384$0$3,530,403
66$4,968,403$0$0$3,812,813
67$5,377,920$0$0$4,126,293
68$5,826,143$0$0$4,471,353
69$6,316,925$0$0$4,849,219
70$6,854,507$0$0$5,263,165
71$7,443,560$0$0$5,716,792
72$8,089,228$0$0$6,214,067
73$8,797,177$0$0$6,759,361
74$9,573,646$0$0$7,357,485
75$10,425,508$0$0$8,013,742
76$11,360,334$0$0$8,733,969
77$12,386,461$0$0$9,524,598
78$13,513,076$0$0$10,392,714
79$14,750,297$0$0$11,346,121
80$16,109,269$0$0$12,393,415
81$17,602,271$0$0$13,544,069
82$19,242,830$0$0$14,808,515
83$21,045,847$0$0$16,198,247
84$23,027,740$0$0$17,725,929
85$25,206,595$0$0$19,405,511
86$27,602,339$0$0$21,252,364
87$30,236,926$0$0$23,283,422
88$33,134,545$0$0$25,517,343
89$36,321,844$0$0$27,974,682
90$39,828,186$0$0$30,678,089
91$43,685,923$0$0$33,652,518
92$47,930,700$0$0$36,925,465
93$52,601,792$0$0$40,527,224
94$57,742,473$0$0$44,491,177
95$63,400,425$0$0$48,854,103
96$69,628,188$0$0$53,656,530
97$76,483,651$0$0$58,943,113
98$84,030,603$0$0$64,763,056
99$92,339,332$0$0$71,170,577
100$101,487,285$0$0$78,225,419