Can I retire at age 40 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$67,467$66,866$66,280$65,708$65,149$62,837
2 years$33,400$32,778$32,175$31,590$31,023$28,719
3 years$22,045$21,420$20,819$20,240$19,682$17,458
4 years$16,369$15,746$15,151$14,582$14,038$11,910
5 years$12,964$12,345$11,758$11,200$10,671$8,646
6 years$10,695$10,081$9,502$8,957$8,444$6,522
7 years$9,075$8,466$7,896$7,364$6,867$5,049
8 years$7,861$7,257$6,697$6,177$5,697$3,981
9 years$6,916$6,318$5,768$5,262$4,798$3,181
10 years$6,162$5,569$5,029$4,536$4,088$2,568
11 years$5,544$4,958$4,427$3,947$3,516$2,090
12 years$5,030$4,450$3,929$3,462$3,047$1,711
13 years$4,596$4,022$3,510$3,057$2,657$1,408
14 years$4,224$3,656$3,154$2,714$2,329$1,163
15 years$3,901$3,339$2,848$2,420$2,050$964
16 years$3,620$3,064$2,582$2,167$1,812$801
17 years$3,371$2,822$2,349$1,947$1,607$667
18 years$3,151$2,607$2,145$1,755$1,429$557
19 years$2,954$2,416$1,963$1,585$1,273$465
20 years$2,777$2,245$1,802$1,436$1,137$389
21 years$2,617$2,092$1,657$1,303$1,018$326
22 years$2,471$1,952$1,527$1,185$912$273
23 years$2,339$1,826$1,410$1,079$819$229
24 years$2,218$1,711$1,304$984$736$192
25 years$2,106$1,606$1,208$899$662$161
26 years$2,004$1,509$1,120$822$597$136
27 years$1,909$1,420$1,040$752$538$114
28 years$1,821$1,338$967$689$485$96
29 years$1,739$1,262$900$632$438$80
30 years$1,663$1,192$838$580$396$68
31 years$1,592$1,127$782$533$358$57
32 years$1,525$1,066$729$490$324$48
33 years$1,463$1,010$681$450$293$40
34 years$1,405$957$636$414$265$34
35 years$1,349$908$595$381$240$29
36 years$1,298$862$556$351$218$24
37 years$1,249$818$521$324$197$20
38 years$1,202$778$488$298$179$17
39 years$1,158$740$457$275$162$14
40 years$1,117$704$428$254$147$12
41 years$1,078$670$402$234$134$10
42 years$1,040$638$377$216$121$9
43 years$1,005$608$353$199$110$7
44 years$971$579$332$184$100$6
45 years$938$552$312$170$91$5
46 years$908$527$293$157$82$4
47 years$878$503$275$145$75$4
48 years$850$480$258$134$68$3
49 years$823$459$243$124$62$3
50 years$798$438$228$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $817,000, adding $4,137 every year, while hoping to spend $31,252 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: 75/19/6 Blend
39$817,000$817,000$817,000$817,000
40$904,601$861,300$848,637$971,568
41$963,619$870,252$843,814$1,025,126
42$1,027,609$878,595$837,783$1,079,394
43$1,097,045$886,267$830,469$1,137,954
44$1,172,449$893,199$821,795$1,201,217
45$1,254,395$899,322$811,682$1,269,640
46$1,343,514$904,560$800,043$1,343,723
47$1,440,500$908,830$786,792$1,424,018
48$1,546,116$912,049$771,835$1,511,135
49$1,661,205$914,123$755,076$1,605,744
50$1,786,689$914,957$736,413$1,708,584
51$1,923,589$914,447$715,740$1,820,470
52$2,073,024$912,484$692,946$1,942,298
53$2,236,228$908,951$667,915$2,075,060
54$2,414,559$903,726$640,526$2,219,844
55$2,609,512$896,677$610,652$2,377,853
56$2,822,734$887,665$578,161$2,550,412
57$3,056,036$876,544$542,912$2,738,980
58$3,311,415$863,158$504,763$2,945,168
59$3,591,068$847,341$463,561$3,170,750
60$3,897,414$828,919$419,148$3,417,680
61$4,233,120$807,706$371,360$3,688,116
62$4,601,121$783,506$320,022$3,984,432
63$5,004,648$756,110$264,956$4,309,249
64$5,447,263$725,301$205,973$4,665,454
65$5,932,887$690,844$142,876$5,056,230
66$6,465,840$652,493$75,461$5,485,085
67$7,050,880$609,990$3,513$5,955,887
68$7,693,247$563,057$0$6,472,900
69$8,398,717$511,405$0$7,045,513
70$9,173,648$454,726$0$7,674,761
71$10,025,047$392,695$0$8,366,146
72$10,960,633$324,968$0$9,125,978
73$11,988,910$251,183$0$9,961,213
74$13,119,245$170,957$0$10,879,518
75$14,361,959$83,886$0$11,889,342
76$15,728,424$0$0$12,999,999
77$17,231,166$0$0$14,223,939
78$18,883,989$0$0$15,589,442
79$20,702,101$0$0$17,091,538
80$22,702,256$0$0$18,744,076
81$24,902,915$0$0$20,562,312
82$27,324,421$0$0$22,563,058
83$29,989,184$0$0$24,764,837
84$32,921,900$0$0$27,188,058
85$36,149,779$0$0$29,855,210
86$39,702,801$0$0$32,791,071
87$43,614,002$0$0$36,022,946
88$47,919,783$0$0$39,580,917
89$52,660,255$0$0$43,498,136
90$57,879,613$0$0$47,811,130
91$63,626,558$0$0$52,560,150
92$69,954,753$0$0$57,789,546
93$76,923,330$0$0$63,548,192
94$84,597,448$0$0$69,889,938
95$93,048,905$0$0$76,874,127
96$102,356,821$0$0$84,566,149
97$112,608,377$0$0$93,038,060
98$123,899,643$0$0$102,369,259
99$136,336,483$0$0$112,647,243
100$150,035,551$0$0$123,968,425