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%13.6%
1 years$67,385$66,784$66,199$65,627$65,069$64,097
2 years$33,359$32,737$32,135$31,551$30,985$30,008
3 years$22,018$21,394$20,794$20,215$19,658$18,706
4 years$16,349$15,727$15,132$14,564$14,020$13,101
5 years$12,949$12,330$11,743$11,187$10,658$9,774
6 years$10,682$10,069$9,490$8,946$8,433$7,586
7 years$9,064$8,456$7,887$7,355$6,859$6,047
8 years$7,851$7,248$6,688$6,170$5,690$4,915
9 years$6,908$6,311$5,761$5,255$4,792$4,053
10 years$6,154$5,563$5,022$4,530$4,083$3,380
11 years$5,538$4,952$4,422$3,943$3,511$2,843
12 years$5,024$4,445$3,924$3,458$3,043$2,409
13 years$4,590$4,017$3,506$3,053$2,653$2,052
14 years$4,218$3,651$3,150$2,710$2,326$1,757
15 years$3,897$3,335$2,844$2,417$2,048$1,510
16 years$3,615$3,060$2,579$2,164$1,810$1,303
17 years$3,367$2,818$2,346$1,944$1,605$1,126
18 years$3,147$2,604$2,142$1,752$1,427$977
19 years$2,950$2,413$1,961$1,583$1,272$848
20 years$2,773$2,243$1,800$1,434$1,136$738
21 years$2,613$2,089$1,655$1,302$1,017$643
22 years$2,468$1,950$1,526$1,183$911$561
23 years$2,336$1,824$1,409$1,078$818$490
24 years$2,215$1,709$1,303$983$735$429
25 years$2,104$1,604$1,207$898$662$375
26 years$2,001$1,507$1,119$821$596$329
27 years$1,907$1,418$1,039$751$537$288
28 years$1,819$1,337$966$688$485$252
29 years$1,737$1,261$899$631$438$221
30 years$1,661$1,191$837$579$396$194
31 years$1,590$1,126$781$532$358$171
32 years$1,524$1,065$728$489$324$150
33 years$1,461$1,009$680$450$293$132
34 years$1,403$956$635$414$265$116
35 years$1,348$907$594$381$240$102
36 years$1,296$861$556$351$218$89
37 years$1,247$817$520$323$197$79
38 years$1,201$777$487$298$179$69
39 years$1,157$739$456$275$162$61
40 years$1,116$703$428$253$147$53
41 years$1,076$669$401$234$133$47
42 years$1,039$637$376$216$121$41
43 years$1,003$607$353$199$110$36
44 years$970$579$331$184$100$32
45 years$937$552$311$170$91$28
46 years$907$526$292$157$82$25
47 years$877$502$275$145$75$22
48 years$849$480$258$134$68$19
49 years$822$458$243$124$62$17
50 years$797$437$228$114$56$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $816,000, adding $4,985 every year, while hoping to spend $22,761 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: 33/40/27 Blend
39$816,000$816,000$816,000$816,000
40$904,374$861,126$848,478$926,656
41$972,403$879,104$852,685$961,942
42$1,046,607$897,199$856,269$997,568
43$1,127,594$915,395$859,187$1,035,518
44$1,216,030$933,670$861,391$1,076,012
45$1,312,649$952,004$862,831$1,119,296
46$1,418,259$970,372$863,456$1,165,637
47$1,533,751$988,750$863,211$1,215,336
48$1,660,104$1,007,109$862,039$1,268,719
49$1,798,397$1,025,420$859,880$1,326,151
50$1,949,819$1,043,651$856,672$1,388,032
51$2,115,677$1,061,767$852,347$1,454,805
52$2,297,412$1,079,729$846,837$1,526,959
53$2,496,612$1,097,500$840,069$1,605,035
54$2,715,022$1,115,034$831,968$1,689,628
55$2,954,570$1,132,285$822,453$1,781,396
56$3,217,373$1,149,204$811,443$1,881,068
57$3,505,767$1,165,738$798,849$1,989,444
58$3,822,325$1,181,828$784,580$2,107,411
59$4,169,879$1,197,415$768,540$2,235,948
60$4,551,551$1,212,432$750,630$2,376,133
61$4,970,778$1,226,810$730,745$2,529,159
62$5,431,348$1,240,474$708,775$2,696,341
63$5,937,432$1,253,344$684,606$2,879,131
64$6,493,628$1,265,336$658,118$3,079,132
65$7,104,999$1,276,358$629,186$3,298,111
66$7,777,124$1,286,315$597,679$3,538,022
67$8,516,149$1,295,103$563,460$3,801,018
68$9,328,847$1,302,613$526,386$4,089,476
69$10,222,677$1,308,729$486,308$4,406,019
70$11,205,860$1,313,327$443,069$4,753,540
71$12,287,452$1,316,274$396,506$5,135,232
72$13,477,432$1,317,432$346,449$5,554,619
73$14,786,795$1,316,651$292,721$6,015,586
74$16,227,656$1,313,774$235,134$6,522,421
75$17,813,361$1,308,633$173,495$7,079,853
76$19,558,618$1,301,051$107,601$7,693,101
77$21,479,633$1,290,838$37,242$8,367,919
78$23,594,261$1,277,795$0$9,110,656
79$25,922,178$1,261,709$0$9,939,216
80$28,485,064$1,242,357$0$10,862,577
81$31,306,807$1,219,499$0$11,878,587
82$34,413,730$1,192,883$0$12,996,711
83$37,834,839$1,162,243$0$14,227,385
84$41,602,094$1,127,294$0$15,582,112
85$45,750,715$1,087,739$0$17,073,575
86$50,319,509$1,043,259$0$18,715,752
87$55,351,240$993,520$0$20,524,053
88$60,893,030$938,166$0$22,515,465
89$66,996,806$876,823$0$24,708,715
90$73,719,787$809,094$0$27,124,442
91$81,125,025$734,559$0$29,785,400
92$89,282,001$652,776$0$32,716,670
93$98,267,278$563,275$0$35,945,897
94$108,165,226$465,561$0$39,503,555
95$119,068,818$359,113$0$43,423,234
96$131,080,504$243,376$0$47,741,958
97$144,313,183$117,769$0$52,500,539
98$158,891,262$0$0$57,743,959
99$174,951,837$0$0$63,529,867
100$192,645,981$0$0$69,961,586