Can I retire at age 40 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$67,715$67,112$66,523$65,949$65,388$62,918
2 years$33,522$32,898$32,293$31,706$31,137$28,677
3 years$22,126$21,499$20,896$20,314$19,755$17,382
4 years$16,429$15,804$15,207$14,635$14,089$11,823
5 years$13,012$12,391$11,801$11,241$10,710$8,555
6 years$10,735$10,118$9,537$8,990$8,475$6,433
7 years$9,108$8,497$7,925$7,391$6,892$4,963
8 years$7,889$7,283$6,721$6,200$5,718$3,899
9 years$6,942$6,342$5,789$5,281$4,815$3,104
10 years$6,184$5,590$5,047$4,552$4,103$2,497
11 years$5,565$4,976$4,443$3,962$3,529$2,024
12 years$5,049$4,466$3,943$3,475$3,058$1,650
13 years$4,613$4,036$3,523$3,068$2,666$1,353
14 years$4,239$3,669$3,165$2,723$2,337$1,113
15 years$3,916$3,352$2,858$2,429$2,058$918
16 years$3,633$3,075$2,591$2,175$1,819$760
17 years$3,384$2,832$2,358$1,954$1,613$630
18 years$3,162$2,617$2,152$1,761$1,434$523
19 years$2,965$2,425$1,970$1,591$1,278$435
20 years$2,787$2,254$1,808$1,441$1,142$362
21 years$2,626$2,099$1,663$1,308$1,022$302
22 years$2,480$1,960$1,533$1,189$916$252
23 years$2,348$1,833$1,416$1,083$822$210
24 years$2,226$1,717$1,309$988$739$176
25 years$2,114$1,611$1,212$902$665$147
26 years$2,011$1,515$1,125$825$599$123
27 years$1,916$1,425$1,044$755$540$103
28 years$1,828$1,343$971$692$487$86
29 years$1,746$1,267$903$634$440$72
30 years$1,669$1,197$841$582$398$60
31 years$1,598$1,131$784$535$359$50
32 years$1,531$1,070$732$491$325$42
33 years$1,468$1,014$683$452$294$35
34 years$1,410$961$639$416$266$29
35 years$1,354$911$597$383$241$25
36 years$1,302$865$558$352$219$21
37 years$1,253$821$523$325$198$17
38 years$1,207$781$489$299$180$14
39 years$1,163$742$459$276$163$12
40 years$1,121$706$430$255$148$10
41 years$1,082$672$403$235$134$9
42 years$1,044$640$378$217$122$7
43 years$1,008$610$355$200$110$6
44 years$974$581$333$185$100$5
45 years$942$555$313$171$91$4
46 years$911$529$294$158$83$4
47 years$882$505$276$146$75$3
48 years$853$482$259$135$68$2
49 years$826$460$244$124$62$2
50 years$801$440$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $820,000, adding $5,313 every year, while hoping to spend $43,000 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: 84/11/5 Blend
39$820,000$820,000$820,000$820,000
40$909,120$865,660$852,950$985,011
41$956,099$862,326$835,773$1,031,977
42$1,006,428$857,387$816,578$1,077,138
43$1,060,404$850,720$795,254$1,125,369
44$1,118,353$842,192$771,682$1,176,951
45$1,180,630$831,665$745,739$1,232,192
46$1,247,629$818,991$717,295$1,291,429
47$1,319,778$804,012$686,216$1,355,038
48$1,397,550$786,564$652,359$1,423,429
49$1,481,465$766,470$615,577$1,497,053
50$1,572,092$743,544$575,717$1,576,411
51$1,670,057$717,590$532,616$1,662,050
52$1,776,050$688,399$486,105$1,754,576
53$1,890,827$655,751$436,010$1,854,655
54$2,015,221$619,412$382,145$1,963,021
55$2,150,145$579,135$324,319$2,080,482
56$2,296,607$534,660$262,331$2,207,931
57$2,455,714$485,711$195,972$2,346,348
58$2,628,682$431,996$125,022$2,496,816
59$2,816,851$373,207$49,254$2,660,528
60$3,021,695$309,019$0$2,838,798
61$3,244,835$239,088$0$3,034,761
62$3,488,055$163,051$0$3,251,241
63$3,753,320$80,524$0$3,487,382
64$4,042,790$0$0$3,745,138
65$4,358,845$0$0$4,027,738
66$4,704,105$0$0$4,347,112
67$5,081,451$0$0$4,696,182
68$5,494,059$0$0$5,077,885
69$5,945,423$0$0$5,495,456
70$6,439,392$0$0$5,952,458
71$6,980,203$0$0$6,452,812
72$7,572,522$0$0$7,000,839
73$8,221,489$0$0$7,601,294
74$8,932,762$0$0$8,259,417
75$9,712,575$0$0$8,980,976
76$10,567,792$0$0$9,772,326
77$11,505,973$0$0$10,640,464
78$12,535,448$0$0$11,593,101
79$13,665,389$0$0$12,638,727
80$14,905,900$0$0$13,786,696
81$16,268,113$0$0$15,047,310
82$17,764,288$0$0$16,431,920
83$19,407,934$0$0$17,953,027
84$21,213,930$0$0$19,624,407
85$23,198,668$0$0$21,461,234
86$25,380,209$0$0$23,480,223
87$27,778,447$0$0$25,699,792
88$30,415,305$0$0$28,140,232
89$33,314,930$0$0$30,823,897
90$36,503,931$0$0$33,775,417
91$40,011,623$0$0$37,021,928
92$43,870,305$0$0$40,593,327
93$48,115,563$0$0$44,522,557
94$52,786,608$0$0$48,845,912
95$57,926,642$0$0$53,603,385
96$63,583,267$0$0$58,839,038
97$69,808,933$0$0$64,601,423
98$76,661,433$0$0$70,944,037
99$84,204,446$0$0$77,925,825
100$92,508,137$0$0$85,611,739