Can I retire at age 40 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$67,550$66,948$66,361$65,788$65,228$63,755
2 years$33,440$32,818$32,214$31,629$31,061$29,585
3 years$22,072$21,447$20,845$20,265$19,706$18,273
4 years$16,389$15,766$15,170$14,600$14,055$12,675
5 years$12,980$12,360$11,772$11,214$10,684$9,363
6 years$10,708$10,093$9,514$8,968$8,454$7,192
7 years$9,086$8,476$7,906$7,373$6,875$5,673
8 years$7,870$7,266$6,705$6,185$5,704$4,560
9 years$6,925$6,326$5,775$5,268$4,803$3,718
10 years$6,169$5,576$5,035$4,541$4,093$3,064
11 years$5,551$4,964$4,432$3,952$3,520$2,547
12 years$5,036$4,456$3,934$3,467$3,050$2,132
13 years$4,601$4,027$3,514$3,061$2,660$1,794
14 years$4,229$3,660$3,158$2,717$2,332$1,516
15 years$3,906$3,343$2,851$2,423$2,053$1,286
16 years$3,624$3,068$2,585$2,169$1,814$1,094
17 years$3,375$2,825$2,352$1,949$1,609$934
18 years$3,155$2,611$2,147$1,757$1,430$798
19 years$2,957$2,419$1,966$1,587$1,275$684
20 years$2,780$2,248$1,804$1,438$1,139$586
21 years$2,620$2,094$1,659$1,305$1,019$504
22 years$2,474$1,955$1,529$1,186$914$433
23 years$2,342$1,828$1,412$1,080$820$373
24 years$2,220$1,713$1,306$985$737$321
25 years$2,109$1,608$1,210$900$663$277
26 years$2,006$1,511$1,122$823$597$239
27 years$1,911$1,422$1,042$753$539$206
28 years$1,823$1,340$968$690$486$178
29 years$1,741$1,264$901$633$439$154
30 years$1,665$1,194$839$581$397$133
31 years$1,594$1,128$783$533$359$115
32 years$1,527$1,068$730$490$324$99
33 years$1,465$1,011$682$451$293$86
34 years$1,406$958$637$415$266$74
35 years$1,351$909$596$382$241$64
36 years$1,299$863$557$352$218$56
37 years$1,250$819$521$324$198$48
38 years$1,204$779$488$299$179$42
39 years$1,160$741$457$275$162$36
40 years$1,118$705$429$254$147$31
41 years$1,079$671$402$234$134$27
42 years$1,041$639$377$216$121$23
43 years$1,006$609$354$200$110$20
44 years$972$580$332$184$100$17
45 years$940$553$312$170$91$15
46 years$909$528$293$157$82$13
47 years$879$504$275$145$75$11
48 years$851$481$259$134$68$10
49 years$824$459$243$124$62$8
50 years$799$439$229$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $818,000, adding $6,542 every year, while hoping to spend $46,428 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: 46/29/25 Blend
39$818,000$818,000$818,000$818,000
40$908,184$864,830$852,151$943,172
41$951,420$857,808$831,299$961,468
42$997,510$848,885$808,193$976,255
43$1,046,695$837,920$782,707$991,380
44$1,099,242$824,763$754,712$1,006,896
45$1,155,442$809,252$724,071$1,022,868
46$1,215,611$791,221$690,642$1,039,369
47$1,280,101$770,488$654,276$1,056,483
48$1,349,295$746,865$614,818$1,074,308
49$1,423,613$720,152$572,104$1,092,953
50$1,503,517$690,135$525,965$1,112,544
51$1,589,515$656,590$476,224$1,133,224
52$1,682,162$619,280$422,694$1,155,156
53$1,782,071$577,953$365,182$1,178,522
54$1,889,912$532,343$303,486$1,203,530
55$2,006,425$482,169$237,395$1,230,415
56$2,132,420$427,135$166,687$1,259,440
57$2,268,788$366,926$91,133$1,290,903
58$2,416,510$301,211$10,491$1,325,137
59$2,576,664$229,640$0$1,362,518
60$2,750,434$151,842$0$1,423,623
61$2,939,123$67,428$0$1,493,064
62$3,144,165$0$0$1,568,639
63$3,367,137$0$0$1,658,679
64$3,609,773$0$0$1,780,158
65$3,873,983$0$0$1,912,525
66$4,161,866$0$0$2,056,844
67$4,475,735$0$0$2,214,284
68$4,818,133$0$0$2,386,134
69$5,191,861$0$0$2,573,812
70$5,600,000$0$0$2,778,877
71$6,045,945$0$0$3,003,050
72$6,533,431$0$0$3,248,221
73$7,066,570$0$0$3,516,473
74$7,649,892$0$0$3,810,100
75$8,288,382$0$0$4,131,629
76$8,987,532$0$0$4,483,839
77$9,753,388$0$0$4,869,795
78$10,592,608$0$0$5,292,869
79$11,512,526$0$0$5,756,777
80$12,521,220$0$0$6,265,611
81$13,627,585$0$0$6,823,877
82$14,841,418$0$0$7,436,541
83$16,173,513$0$0$8,109,070
84$17,635,757$0$0$8,847,488
85$19,241,245$0$0$9,658,430
86$21,004,402$0$0$10,549,207
87$22,941,119$0$0$11,527,869
88$25,068,899$0$0$12,603,288
89$27,407,029$0$0$13,785,237
90$29,976,753$0$0$15,084,482
91$32,801,476$0$0$16,512,883
92$35,906,985$0$0$18,083,510
93$39,321,687$0$0$19,810,760
94$43,076,883$0$0$21,710,495
95$47,207,058$0$0$23,800,192
96$51,750,205$0$0$26,099,109
97$56,748,185$0$0$28,628,461
98$62,247,122$0$0$31,411,625
99$68,297,836$0$0$34,474,358
100$74,956,320$0$0$37,845,041