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%12.3%
1 years$67,880$67,275$66,685$66,110$65,547$64,917
2 years$33,604$32,978$32,372$31,783$31,213$30,578
3 years$22,180$21,552$20,947$20,364$19,803$19,183
4 years$16,469$15,843$15,244$14,671$14,124$13,523
5 years$13,044$12,421$11,830$11,269$10,737$10,158
6 years$10,761$10,143$9,560$9,012$8,495$7,939
7 years$9,131$8,518$7,945$7,409$6,909$6,375
8 years$7,909$7,301$6,738$6,215$5,732$5,220
9 years$6,959$6,357$5,803$5,294$4,827$4,338
10 years$6,199$5,603$5,059$4,564$4,113$3,646
11 years$5,578$4,988$4,454$3,972$3,537$3,092
12 years$5,061$4,477$3,953$3,484$3,065$2,641
13 years$4,624$4,046$3,532$3,076$2,673$2,270
14 years$4,249$3,678$3,173$2,730$2,343$1,960
15 years$3,925$3,360$2,865$2,435$2,063$1,700
16 years$3,642$3,083$2,598$2,180$1,823$1,479
17 years$3,392$2,839$2,364$1,959$1,617$1,291
18 years$3,170$2,623$2,158$1,765$1,437$1,130
19 years$2,972$2,431$1,975$1,595$1,281$990
20 years$2,794$2,259$1,813$1,445$1,144$870
21 years$2,633$2,104$1,667$1,311$1,024$766
22 years$2,487$1,964$1,537$1,192$918$675
23 years$2,353$1,837$1,419$1,086$824$595
24 years$2,231$1,721$1,312$990$741$526
25 years$2,119$1,615$1,215$904$666$465
26 years$2,016$1,518$1,127$827$600$411
27 years$1,921$1,429$1,047$757$541$364
28 years$1,832$1,346$973$693$488$323
29 years$1,750$1,270$906$636$441$286
30 years$1,673$1,200$843$584$398$254
31 years$1,602$1,134$786$536$360$225
32 years$1,535$1,073$734$493$326$200
33 years$1,472$1,016$685$453$295$178
34 years$1,413$963$640$417$267$158
35 years$1,358$913$598$384$242$140
36 years$1,306$867$560$353$219$125
37 years$1,256$823$524$326$199$111
38 years$1,210$783$491$300$180$98
39 years$1,166$744$460$277$163$88
40 years$1,124$708$431$255$148$78
41 years$1,084$674$404$235$134$69
42 years$1,047$642$379$217$122$62
43 years$1,011$612$356$201$111$55
44 years$977$583$334$185$100$49
45 years$944$556$313$171$91$43
46 years$913$530$294$158$83$39
47 years$884$506$277$146$75$34
48 years$855$483$260$135$68$31
49 years$828$461$244$125$62$27
50 years$803$441$230$115$56$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $822,000, adding $2,922 every year, while hoping to spend $45,871 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: 24/47/29 Blend
39$822,000$822,000$822,000$822,000
40$908,858$865,292$852,551$922,340
41$952,755$858,885$832,305$927,688
42$999,592$850,627$809,844$929,360
43$1,049,621$840,378$785,044$930,196
44$1,103,117$827,991$757,777$930,159
45$1,160,382$813,310$727,910$929,211
46$1,221,748$796,169$695,302$927,317
47$1,287,578$776,392$659,806$924,441
48$1,358,271$753,795$621,269$920,553
49$1,434,264$728,181$579,531$915,623
50$1,516,038$699,341$534,425$909,625
51$1,604,121$667,055$485,775$902,539
52$1,699,091$631,091$433,399$894,347
53$1,801,587$591,203$377,105$885,041
54$1,912,306$547,129$316,696$874,616
55$2,032,017$498,595$251,962$863,078
56$2,161,566$445,309$182,685$850,443
57$2,301,881$386,964$108,640$836,735
58$2,453,983$323,236$29,590$821,995
59$2,618,994$253,779$0$806,275
60$2,798,150$178,233$0$806,594
61$2,992,809$96,213$0$816,967
62$3,204,463$7,316$0$828,423
63$3,434,758$0$0$841,186
64$3,685,501$0$0$901,482
65$3,958,682$0$0$971,425
66$4,256,492$0$0$1,047,810
67$4,581,340$0$0$1,131,270
68$4,935,879$0$0$1,222,506
69$5,323,029$0$0$1,322,287
70$5,746,005$0$0$1,431,461
71$6,208,345$0$0$1,550,961
72$6,713,946$0$0$1,681,815
73$7,267,096$0$0$1,825,155
74$7,872,521$0$0$1,982,227
75$8,535,421$0$0$2,154,403
76$9,261,523$0$0$2,343,197
77$10,057,135$0$0$2,550,273
78$10,929,205$0$0$2,777,464
79$11,885,382$0$0$3,026,791
80$12,934,094$0$0$3,300,480
81$14,084,621$0$0$3,600,981
82$15,347,185$0$0$3,930,994
83$16,733,049$0$0$4,293,494
84$18,254,614$0$0$4,691,758
85$19,925,545$0$0$5,129,395
86$21,760,894$0$0$5,610,382
87$23,777,241$0$0$6,139,100
88$25,992,852$0$0$6,720,375
89$28,427,851$0$0$7,359,526
90$31,104,408$0$0$8,062,411
91$34,046,946$0$0$8,835,485
92$37,282,374$0$0$9,685,859
93$40,840,340$0$0$10,621,371
94$44,753,505$0$0$11,650,652
95$49,057,858$0$0$12,783,216
96$53,793,049$0$0$14,029,544
97$59,002,765$0$0$15,401,184
98$64,735,142$0$0$16,910,861
99$71,043,214$0$0$18,572,596
100$77,985,421$0$0$20,401,838