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%12.5%
1 years$67,467$66,866$66,280$65,708$65,149$64,468
2 years$33,400$32,778$32,175$31,590$31,023$30,338
3 years$22,045$21,420$20,819$20,240$19,682$19,014
4 years$16,369$15,746$15,151$14,582$14,038$13,391
5 years$12,964$12,345$11,758$11,200$10,671$10,048
6 years$10,695$10,081$9,502$8,957$8,444$7,844
7 years$9,075$8,466$7,896$7,364$6,867$6,292
8 years$7,861$7,257$6,697$6,177$5,697$5,147
9 years$6,916$6,318$5,768$5,262$4,798$4,272
10 years$6,162$5,569$5,029$4,536$4,088$3,586
11 years$5,544$4,958$4,427$3,947$3,516$3,037
12 years$5,030$4,450$3,929$3,462$3,047$2,591
13 years$4,596$4,022$3,510$3,057$2,657$2,224
14 years$4,224$3,656$3,154$2,714$2,329$1,918
15 years$3,901$3,339$2,848$2,420$2,050$1,661
16 years$3,620$3,064$2,582$2,167$1,812$1,443
17 years$3,371$2,822$2,349$1,947$1,607$1,258
18 years$3,151$2,607$2,145$1,755$1,429$1,099
19 years$2,954$2,416$1,963$1,585$1,273$962
20 years$2,777$2,245$1,802$1,436$1,137$844
21 years$2,617$2,092$1,657$1,303$1,018$742
22 years$2,471$1,952$1,527$1,185$912$653
23 years$2,339$1,826$1,410$1,079$819$575
24 years$2,218$1,711$1,304$984$736$507
25 years$2,106$1,606$1,208$899$662$448
26 years$2,004$1,509$1,120$822$597$395
27 years$1,909$1,420$1,040$752$538$350
28 years$1,821$1,338$967$689$485$309
29 years$1,739$1,262$900$632$438$274
30 years$1,663$1,192$838$580$396$242
31 years$1,592$1,127$782$533$358$215
32 years$1,525$1,066$729$490$324$190
33 years$1,463$1,010$681$450$293$169
34 years$1,405$957$636$414$265$150
35 years$1,349$908$595$381$240$133
36 years$1,298$862$556$351$218$118
37 years$1,249$818$521$324$197$105
38 years$1,202$778$488$298$179$93
39 years$1,158$740$457$275$162$82
40 years$1,117$704$428$254$147$73
41 years$1,078$670$402$234$134$65
42 years$1,040$638$377$216$121$58
43 years$1,005$608$353$199$110$51
44 years$971$579$332$184$100$45
45 years$938$552$312$170$91$40
46 years$908$527$293$157$82$36
47 years$878$503$275$145$75$32
48 years$850$480$258$134$68$28
49 years$823$459$243$124$62$25
50 years$798$438$228$115$56$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $817,000, adding $6,993 every year, while hoping to spend $40,086 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: 77/7/16 Blend
39$817,000$817,000$817,000$817,000
40$907,547$864,246$851,583$973,740
41$957,466$863,943$837,460$1,018,095
42$1,011,133$862,282$821,520$1,060,992
43$1,068,888$859,153$803,660$1,106,938
44$1,131,104$854,441$783,773$1,156,221
45$1,198,192$848,024$761,745$1,209,163
46$1,270,602$839,772$737,458$1,266,117
47$1,348,830$829,547$710,788$1,327,472
48$1,433,417$817,202$681,607$1,393,658
49$1,524,964$802,583$649,779$1,465,148
50$1,624,127$785,525$615,162$1,542,465
51$1,731,628$765,856$577,610$1,626,185
52$1,848,262$743,391$536,968$1,716,943
53$1,974,903$717,936$493,075$1,815,441
54$2,112,512$689,284$445,762$1,922,451
55$2,262,147$657,217$394,854$2,038,824
56$2,424,970$621,505$340,166$2,165,502
57$2,602,262$581,904$281,506$2,303,520
58$2,795,431$538,155$218,675$2,454,022
59$3,006,027$489,987$151,463$2,618,269
60$3,235,756$437,111$79,651$2,797,651
61$3,486,495$379,221$3,011$2,993,701
62$3,760,312$315,997$0$3,208,110
63$4,059,481$247,098$0$3,456,192
64$4,386,507$172,165$0$3,727,977
65$4,744,148$90,818$0$4,025,262
66$5,135,440$2,658$0$4,350,595
67$5,563,727$0$0$4,706,781
68$6,032,689$0$0$5,104,054
69$6,546,382$0$0$5,539,473
70$7,109,271$0$0$6,016,621
71$7,726,271$0$0$6,539,670
72$8,402,798$0$0$7,113,215
73$9,144,818$0$0$7,742,316
74$9,958,899$0$0$8,432,547
75$10,852,277$0$0$9,190,048
76$11,832,924$0$0$10,021,582
77$12,909,618$0$0$10,934,598
78$14,092,032$0$0$11,937,302
79$15,390,820$0$0$13,038,734
80$16,817,718$0$0$14,248,853
81$18,385,657$0$0$15,578,629
82$20,108,879$0$0$17,040,149
83$22,003,079$0$0$18,646,728
84$24,085,545$0$0$20,413,035
85$26,375,324$0$0$22,355,232
86$28,893,402$0$0$24,491,125
87$31,662,899$0$0$26,840,333
88$34,709,290$0$0$29,424,469
89$38,060,641$0$0$32,267,350
90$41,747,876$0$0$35,395,215
91$45,805,068$0$0$38,836,975
92$50,269,759$0$0$42,624,485
93$55,183,316$0$0$46,792,844
94$60,591,315$0$0$51,380,727
95$66,543,978$0$0$56,430,747
96$73,096,641$0$0$61,989,858
97$80,310,280$0$0$68,109,798
98$88,252,079$0$0$74,847,577
99$96,996,072$0$0$82,266,013
100$106,623,835$0$0$90,434,325