Can I retire at age 40 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$67,880$67,275$66,685$66,110$65,547$63,172
2 years$33,604$32,978$32,372$31,783$31,213$28,845
3 years$22,180$21,552$20,947$20,364$19,803$17,518
4 years$16,469$15,843$15,244$14,671$14,124$11,939
5 years$13,044$12,421$11,830$11,269$10,737$8,658
6 years$10,761$10,143$9,560$9,012$8,495$6,524
7 years$9,131$8,518$7,945$7,409$6,909$5,045
8 years$7,909$7,301$6,738$6,215$5,732$3,973
9 years$6,959$6,357$5,803$5,294$4,827$3,171
10 years$6,199$5,603$5,059$4,564$4,113$2,557
11 years$5,578$4,988$4,454$3,972$3,537$2,078
12 years$5,061$4,477$3,953$3,484$3,065$1,699
13 years$4,624$4,046$3,532$3,076$2,673$1,396
14 years$4,249$3,678$3,173$2,730$2,343$1,152
15 years$3,925$3,360$2,865$2,435$2,063$953
16 years$3,642$3,083$2,598$2,180$1,823$791
17 years$3,392$2,839$2,364$1,959$1,617$658
18 years$3,170$2,623$2,158$1,765$1,437$548
19 years$2,972$2,431$1,975$1,595$1,281$457
20 years$2,794$2,259$1,813$1,445$1,144$382
21 years$2,633$2,104$1,667$1,311$1,024$319
22 years$2,487$1,964$1,537$1,192$918$267
23 years$2,353$1,837$1,419$1,086$824$224
24 years$2,231$1,721$1,312$990$741$187
25 years$2,119$1,615$1,215$904$666$157
26 years$2,016$1,518$1,127$827$600$132
27 years$1,921$1,429$1,047$757$541$111
28 years$1,832$1,346$973$693$488$93
29 years$1,750$1,270$906$636$441$78
30 years$1,673$1,200$843$584$398$65
31 years$1,602$1,134$786$536$360$55
32 years$1,535$1,073$734$493$326$46
33 years$1,472$1,016$685$453$295$39
34 years$1,413$963$640$417$267$32
35 years$1,358$913$598$384$242$27
36 years$1,306$867$560$353$219$23
37 years$1,256$823$524$326$199$19
38 years$1,210$783$491$300$180$16
39 years$1,166$744$460$277$163$14
40 years$1,124$708$431$255$148$11
41 years$1,084$674$404$235$134$10
42 years$1,047$642$379$217$122$8
43 years$1,011$612$356$201$111$7
44 years$977$583$334$185$100$6
45 years$944$556$313$171$91$5
46 years$913$530$294$158$83$4
47 years$884$506$277$146$75$3
48 years$855$483$260$135$68$3
49 years$828$461$244$125$62$2
50 years$803$441$230$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $822,000, adding $2,750 every year, while hoping to spend $40,322 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: 73/16/11 Blend
39$822,000$822,000$822,000$822,000
40$908,681$865,115$852,374$972,856
41$958,464$864,603$838,026$1,015,121
42$1,011,973$862,715$821,846$1,056,127
43$1,069,547$859,340$803,730$1,099,936
44$1,131,555$854,362$783,569$1,146,816
45$1,198,405$847,657$761,250$1,197,058
46$1,270,543$839,094$736,653$1,250,989
47$1,348,462$828,532$709,654$1,308,965
48$1,432,701$815,826$680,123$1,371,382
49$1,523,852$800,817$647,924$1,438,674
50$1,622,569$783,342$612,913$1,511,324
51$1,729,569$763,223$574,944$1,589,861
52$1,845,640$740,276$533,859$1,674,872
53$1,971,649$714,304$489,497$1,767,003
54$2,108,551$685,098$441,689$1,866,966
55$2,257,394$652,438$390,256$1,975,549
56$2,419,333$616,092$335,014$2,093,621
57$2,595,637$575,813$275,770$2,222,141
58$2,787,705$531,341$212,321$2,362,165
59$2,997,074$482,400$144,457$2,514,862
60$3,225,437$428,699$71,958$2,681,519
61$3,474,657$369,931$0$2,863,557
62$3,746,785$305,770$0$3,063,179
63$4,044,077$235,873$0$3,290,536
64$4,369,019$159,877$0$3,539,110
65$4,724,348$77,400$0$3,811,038
66$5,113,075$0$0$4,108,676
67$5,538,519$0$0$4,436,727
68$6,004,330$0$0$4,810,862
69$6,514,532$0$0$5,220,689
70$7,073,554$0$0$5,669,770
71$7,686,275$0$0$6,162,029
72$8,358,066$0$0$6,701,789
73$9,094,846$0$0$7,293,807
74$9,903,131$0$0$7,943,327
75$10,790,100$0$0$8,656,123
76$11,763,661$0$0$9,438,555
77$12,832,524$0$0$10,297,630
78$14,006,283$0$0$11,241,066
79$15,295,508$0$0$12,277,363
80$16,711,843$0$0$13,415,889
81$18,268,114$0$0$14,666,961
82$19,978,452$0$0$16,041,946
83$21,858,424$0$0$17,553,366
84$23,925,182$0$0$19,215,018
85$26,197,622$0$0$21,042,102
86$28,696,560$0$0$23,051,363
87$31,444,933$0$0$25,261,253
88$34,468,013$0$0$27,692,099
89$37,793,640$0$0$30,366,298
90$41,452,494$0$0$33,308,528
91$45,478,373$0$0$36,545,979
92$49,908,521$0$0$40,108,610
93$54,783,971$0$0$44,029,429
94$60,149,937$0$0$48,344,809
95$66,056,240$0$0$53,094,826
96$72,557,772$0$0$58,323,637
97$79,715,019$0$0$64,079,902
98$87,594,631$0$0$70,417,234
99$96,270,047$0$0$77,394,711
100$105,822,190$0$0$85,077,431