Can I retire at age 40 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$67,797$67,194$66,604$66,029$65,468$63,601
2 years$33,563$32,938$32,332$31,745$31,175$29,309
3 years$22,153$21,525$20,921$20,339$19,779$17,972
4 years$16,449$15,823$15,225$14,653$14,106$12,373
5 years$13,028$12,406$11,815$11,255$10,723$9,067
6 years$10,748$10,130$9,549$9,001$8,485$6,908
7 years$9,120$8,507$7,935$7,400$6,901$5,403
8 years$7,899$7,292$6,729$6,208$5,725$4,305
9 years$6,950$6,349$5,796$5,288$4,821$3,478
10 years$6,192$5,597$5,053$4,558$4,108$2,840
11 years$5,571$4,982$4,449$3,967$3,533$2,338
12 years$5,055$4,472$3,948$3,479$3,061$1,938
13 years$4,618$4,041$3,527$3,072$2,670$1,614
14 years$4,244$3,673$3,169$2,727$2,340$1,350
15 years$3,920$3,356$2,862$2,432$2,061$1,134
16 years$3,637$3,079$2,594$2,177$1,821$954
17 years$3,388$2,835$2,361$1,956$1,615$805
18 years$3,166$2,620$2,155$1,763$1,436$681
19 years$2,968$2,428$1,973$1,593$1,280$577
20 years$2,790$2,256$1,811$1,443$1,143$489
21 years$2,630$2,102$1,665$1,310$1,023$415
22 years$2,484$1,962$1,535$1,191$917$353
23 years$2,350$1,835$1,417$1,084$823$300
24 years$2,229$1,719$1,311$989$740$256
25 years$2,117$1,613$1,214$903$666$218
26 years$2,014$1,516$1,126$826$600$186
27 years$1,918$1,427$1,045$756$541$158
28 years$1,830$1,345$972$693$488$135
29 years$1,748$1,269$904$635$440$115
30 years$1,671$1,198$842$583$398$98
31 years$1,600$1,133$785$535$360$84
32 years$1,533$1,072$733$492$325$72
33 years$1,470$1,015$684$452$295$61
34 years$1,411$962$639$416$267$52
35 years$1,356$912$598$383$242$45
36 years$1,304$866$559$353$219$38
37 years$1,255$822$523$325$198$33
38 years$1,208$782$490$300$180$28
39 years$1,164$743$459$276$163$24
40 years$1,122$707$430$255$148$20
41 years$1,083$673$404$235$134$17
42 years$1,045$641$379$217$122$15
43 years$1,009$611$355$200$111$13
44 years$975$582$333$185$100$11
45 years$943$555$313$171$91$9
46 years$912$530$294$158$83$8
47 years$883$505$276$146$75$7
48 years$854$482$260$135$68$6
49 years$827$461$244$125$62$5
50 years$802$440$229$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $821,000, adding $2,537 every year, while hoping to spend $40,101 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: 47/34/19 Blend
39$821,000$821,000$821,000$821,000
40$907,359$863,846$851,120$945,001
41$957,242$863,507$836,966$971,151
42$1,010,870$861,808$820,993$995,280
43$1,068,581$858,639$803,099$1,020,625
44$1,130,749$853,885$783,175$1,047,318
45$1,197,783$847,422$761,109$1,075,504
46$1,270,132$839,122$736,782$1,105,348
47$1,348,292$828,845$710,070$1,137,031
48$1,432,806$816,446$680,845$1,170,757
49$1,524,269$801,770$648,971$1,206,755
50$1,623,340$784,652$614,307$1,245,278
51$1,730,739$764,918$576,704$1,286,608
52$1,847,260$742,385$536,010$1,331,061
53$1,973,776$716,857$492,061$1,378,988
54$2,111,246$688,128$444,690$1,430,779
55$2,260,727$655,980$393,721$1,486,870
56$2,423,380$620,182$338,970$1,547,743
57$2,600,483$580,489$280,244$1,613,935
58$2,793,444$536,645$217,344$1,686,045
59$3,003,809$488,374$150,059$1,764,735
60$3,233,283$435,390$78,171$1,850,741
61$3,483,741$377,387$1,452$1,944,883
62$3,757,246$314,042$0$2,048,067
63$4,056,070$245,016$0$2,177,603
64$4,382,716$169,948$0$2,319,679
65$4,739,937$88,459$0$2,475,290
66$5,130,765$148$0$2,645,863
67$5,558,539$0$0$2,832,978
68$6,026,936$0$0$3,074,072
69$6,540,004$0$0$3,338,314
70$7,102,202$0$0$3,627,955
71$7,718,441$0$0$3,945,537
72$8,394,128$0$0$4,293,860
73$9,135,220$0$0$4,676,007
74$9,948,278$0$0$5,095,374
75$10,840,527$0$0$5,555,702
76$11,819,928$0$0$6,061,113
77$12,895,248$0$0$6,616,146
78$14,076,146$0$0$7,225,802
79$15,373,262$0$0$7,895,589
80$16,798,315$0$0$8,631,576
81$18,364,219$0$0$9,440,448
82$20,085,199$0$0$10,329,572
83$21,976,924$0$0$11,307,062
84$24,056,662$0$0$12,381,858
85$26,343,432$0$0$13,563,809
86$28,858,193$0$0$14,863,768
87$31,624,032$0$0$16,293,691
88$34,666,390$0$0$17,866,751
89$38,013,294$0$0$19,597,464
90$41,695,627$0$0$21,501,820
91$45,747,414$0$0$23,597,441
92$50,206,147$0$0$25,903,743
93$55,113,135$0$0$28,442,117
94$60,513,893$0$0$31,236,136
95$66,458,574$0$0$34,311,771
96$73,002,439$0$0$37,697,642
97$80,206,378$0$0$41,425,283
98$88,137,486$0$0$45,529,442
99$96,869,694$0$0$50,048,407
100$106,484,466$0$0$55,024,367