Can I retire at age 40 with 820,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.1%
1 years$67,715$67,112$66,523$65,949$65,388$65,085
2 years$33,522$32,898$32,293$31,706$31,137$30,831
3 years$22,126$21,499$20,896$20,314$19,755$19,456
4 years$16,429$15,804$15,207$14,635$14,089$13,799
5 years$13,012$12,391$11,801$11,241$10,710$10,430
6 years$10,735$10,118$9,537$8,990$8,475$8,204
7 years$9,108$8,497$7,925$7,391$6,892$6,632
8 years$7,889$7,283$6,721$6,200$5,718$5,468
9 years$6,942$6,342$5,789$5,281$4,815$4,576
10 years$6,184$5,590$5,047$4,552$4,103$3,873
11 years$5,565$4,976$4,443$3,962$3,529$3,309
12 years$5,049$4,466$3,943$3,475$3,058$2,848
13 years$4,613$4,036$3,523$3,068$2,666$2,467
14 years$4,239$3,669$3,165$2,723$2,337$2,147
15 years$3,916$3,352$2,858$2,429$2,058$1,877
16 years$3,633$3,075$2,591$2,175$1,819$1,646
17 years$3,384$2,832$2,358$1,954$1,613$1,449
18 years$3,162$2,617$2,152$1,761$1,434$1,279
19 years$2,965$2,425$1,970$1,591$1,278$1,131
20 years$2,787$2,254$1,808$1,441$1,142$1,002
21 years$2,626$2,099$1,663$1,308$1,022$890
22 years$2,480$1,960$1,533$1,189$916$791
23 years$2,348$1,833$1,416$1,083$822$704
24 years$2,226$1,717$1,309$988$739$628
25 years$2,114$1,611$1,212$902$665$560
26 years$2,011$1,515$1,125$825$599$500
27 years$1,916$1,425$1,044$755$540$447
28 years$1,828$1,343$971$692$487$400
29 years$1,746$1,267$903$634$440$358
30 years$1,669$1,197$841$582$398$321
31 years$1,598$1,131$784$535$359$287
32 years$1,531$1,070$732$491$325$258
33 years$1,468$1,014$683$452$294$231
34 years$1,410$961$639$416$266$207
35 years$1,354$911$597$383$241$186
36 years$1,302$865$558$352$219$167
37 years$1,253$821$523$325$198$150
38 years$1,207$781$489$299$180$135
39 years$1,163$742$459$276$163$121
40 years$1,121$706$430$255$148$109
41 years$1,082$672$403$235$134$98
42 years$1,044$640$378$217$122$88
43 years$1,008$610$355$200$110$79
44 years$974$581$333$185$100$71
45 years$942$555$313$171$91$64
46 years$911$529$294$158$83$57
47 years$882$505$276$146$75$52
48 years$853$482$259$135$68$46
49 years$826$460$244$124$62$42
50 years$801$440$229$115$56$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $820,000, adding $6,739 every year, while hoping to spend $23,341 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: 65/17/18 Blend
39$820,000$820,000$820,000$820,000
40$910,591$867,131$854,421$965,279
41$978,637$884,786$858,210$1,020,437
42$1,052,841$902,524$861,343$1,077,399
43$1,133,807$920,323$863,774$1,139,086
44$1,222,199$938,163$865,454$1,205,963
45$1,318,748$956,018$866,332$1,278,538
46$1,424,260$973,863$866,354$1,357,374
47$1,539,621$991,668$865,463$1,443,090
48$1,665,806$1,009,404$863,600$1,536,368
49$1,803,890$1,027,036$860,702$1,637,962
50$1,955,056$1,044,530$856,705$1,748,699
51$2,120,607$1,061,847$851,539$1,869,494
52$2,301,977$1,078,946$845,134$2,001,353
53$2,500,747$1,095,782$837,414$2,145,386
54$2,718,656$1,112,309$828,301$2,302,818
55$2,957,621$1,128,474$817,711$2,474,996
56$3,219,753$1,144,224$805,559$2,663,407
57$3,507,377$1,159,500$791,754$2,869,688
58$3,823,053$1,174,239$776,202$3,095,646
59$4,169,603$1,188,375$758,803$3,343,271
60$4,550,134$1,201,837$739,454$3,614,757
61$4,968,069$1,214,549$718,047$3,912,521
62$5,427,179$1,226,428$694,468$4,239,231
63$5,931,617$1,237,389$668,599$4,597,824
64$6,485,961$1,247,340$640,315$4,991,537
65$7,095,251$1,256,181$609,488$5,423,943
66$7,765,041$1,263,809$575,981$5,898,973
67$8,501,452$1,270,112$539,653$6,420,967
68$9,311,224$1,274,972$500,356$6,994,705
69$10,201,786$1,278,263$457,935$7,625,456
70$11,181,321$1,279,851$412,228$8,319,027
71$12,258,846$1,279,593$363,068$9,081,822
72$13,444,295$1,277,340$310,277$9,920,896
73$14,748,613$1,272,929$253,671$10,844,028
74$16,183,861$1,266,193$193,059$11,859,789
75$17,763,328$1,256,949$128,239$12,977,630
76$19,501,654$1,245,007$59,003$14,207,964
77$21,414,974$1,230,163$0$15,562,273
78$23,521,063$1,212,202$0$17,056,066
79$25,839,509$1,190,898$0$18,712,709
80$28,391,894$1,166,007$0$20,536,276
81$31,202,000$1,137,274$0$22,543,755
82$34,296,032$1,104,428$0$24,753,867
83$37,702,865$1,067,183$0$27,187,246
84$41,454,317$1,025,235$0$29,866,628
85$45,585,449$978,263$0$32,817,068
86$50,134,894$925,928$0$36,066,180
87$55,145,224$867,869$0$39,644,393
88$60,663,350$803,707$0$43,585,241
89$66,740,964$733,041$0$47,925,680
90$73,435,028$655,446$0$52,706,436
91$80,808,311$570,473$0$57,972,388
92$88,929,981$477,648$0$63,772,998
93$97,876,256$376,470$0$70,162,771
94$107,731,127$266,410$0$77,201,774
95$118,587,147$146,909$0$84,956,204
96$130,546,305$17,377$0$93,499,010
97$143,720,991$0$0$102,910,584
98$158,235,052$0$0$113,302,495
99$174,224,964$0$0$124,754,769
100$191,841,120$0$0$137,371,881