Can I retire at age 40 with 823,000?

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 $823,000?

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%
1 years$67,963$67,357$66,767$66,190$65,627$63,731
2 years$33,645$33,018$32,411$31,822$31,251$29,355
3 years$22,207$21,578$20,972$20,389$19,827$17,992
4 years$16,489$15,862$15,262$14,689$14,141$12,380
5 years$13,060$12,436$11,844$11,283$10,750$9,068
6 years$10,774$10,155$9,572$9,023$8,506$6,905
7 years$9,142$8,528$7,954$7,418$6,917$5,397
8 years$7,918$7,310$6,746$6,223$5,739$4,298
9 years$6,967$6,365$5,810$5,300$4,833$3,471
10 years$6,207$5,610$5,065$4,569$4,118$2,832
11 years$5,585$4,994$4,460$3,976$3,541$2,330
12 years$5,067$4,483$3,958$3,488$3,069$1,930
13 years$4,629$4,051$3,536$3,079$2,676$1,606
14 years$4,255$3,682$3,177$2,733$2,346$1,343
15 years$3,930$3,364$2,868$2,438$2,066$1,126
16 years$3,646$3,086$2,601$2,183$1,826$948
17 years$3,396$2,842$2,367$1,961$1,619$799
18 years$3,174$2,626$2,160$1,767$1,439$675
19 years$2,976$2,434$1,978$1,597$1,283$571
20 years$2,797$2,262$1,815$1,446$1,146$484
21 years$2,636$2,107$1,669$1,313$1,025$411
22 years$2,490$1,967$1,539$1,194$919$349
23 years$2,356$1,839$1,421$1,087$825$297
24 years$2,234$1,723$1,314$991$742$252
25 years$2,122$1,617$1,217$905$667$215
26 years$2,018$1,520$1,129$828$601$183
27 years$1,923$1,431$1,048$758$542$156
28 years$1,834$1,348$974$694$489$133
29 years$1,752$1,272$907$637$442$113
30 years$1,675$1,201$845$584$399$96
31 years$1,604$1,135$787$537$361$82
32 years$1,537$1,074$735$493$326$70
33 years$1,474$1,017$686$454$295$60
34 years$1,415$964$641$417$267$51
35 years$1,359$915$599$384$242$44
36 years$1,307$868$560$354$219$37
37 years$1,258$824$525$326$199$32
38 years$1,211$783$491$300$180$27
39 years$1,167$745$460$277$163$23
40 years$1,125$709$431$256$148$20
41 years$1,085$675$405$236$135$17
42 years$1,048$643$379$218$122$14
43 years$1,012$612$356$201$111$12
44 years$978$584$334$185$101$11
45 years$945$557$314$171$91$9
46 years$914$531$295$158$83$8
47 years$885$507$277$146$75$7
48 years$856$484$260$135$68$6
49 years$829$462$245$125$62$5
50 years$804$441$230$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $823,000, adding $3,740 every year, while hoping to spend $34,846 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: 71/22/7 Blend
39$823,000$823,000$823,000$823,000
40$910,804$867,185$854,428$974,244
41$966,630$872,601$845,976$1,022,063
42$1,026,982$877,115$836,072$1,069,709
43$1,092,286$880,645$824,632$1,120,894
44$1,163,008$883,105$811,566$1,175,958
45$1,239,662$884,405$796,781$1,235,273
46$1,322,813$884,446$780,178$1,299,253
47$1,413,081$883,125$761,655$1,368,353
48$1,511,150$880,332$741,105$1,443,073
49$1,617,770$875,952$718,416$1,523,967
50$1,733,770$869,860$693,469$1,611,644
51$1,860,057$861,926$666,143$1,706,778
52$1,997,633$852,011$636,309$1,810,110
53$2,147,599$839,967$603,833$1,922,458
54$2,311,167$825,638$568,574$2,044,724
55$2,489,671$808,859$530,387$2,177,904
56$2,684,580$789,456$489,117$2,323,095
57$2,897,509$767,241$444,605$2,481,508
58$3,130,240$742,021$396,683$2,654,477
59$3,384,730$713,585$345,178$2,843,476
60$3,663,137$681,715$289,906$3,050,128
61$3,967,836$646,179$230,677$3,276,225
62$4,301,443$606,729$167,292$3,523,742
63$4,666,838$563,106$99,544$3,794,857
64$5,067,192$515,036$27,216$4,091,974
65$5,505,999$462,226$0$4,417,741
66$5,987,106$404,370$0$4,778,815
67$6,514,750$341,143$0$5,177,096
68$7,093,598$272,203$0$5,614,123
69$7,728,790$197,186$0$6,093,833
70$8,425,989$115,710$0$6,620,569
71$9,191,431$27,371$0$7,199,117
72$10,031,987$0$0$7,834,755
73$10,955,225$0$0$8,549,824
74$11,969,483$0$0$9,342,714
75$13,083,945$0$0$10,213,984
76$14,308,729$0$0$11,171,550
77$15,654,984$0$0$12,224,135
78$17,134,989$0$0$13,381,344
79$18,762,276$0$0$14,653,766
80$20,551,751$0$0$16,053,061
81$22,519,838$0$0$17,592,080
82$24,684,631$0$0$19,284,979
83$27,066,069$0$0$21,147,356
84$29,686,116$0$0$23,196,399
85$32,568,976$0$0$25,451,042
86$35,741,317$0$0$27,932,151
87$39,232,521$0$0$30,662,713
88$43,074,964$0$0$33,668,059
89$47,304,319$0$0$36,976,099
90$51,959,893$0$0$40,617,587
91$57,084,998$0$0$44,626,410
92$62,727,356$0$0$49,039,906
93$68,939,556$0$0$53,899,219
94$75,779,541$0$0$59,249,686
95$83,311,162$0$0$65,141,262
96$91,604,774$0$0$71,628,993
97$100,737,904$0$0$78,773,538
98$110,795,981$0$0$86,641,736
99$121,873,141$0$0$95,307,239
100$134,073,114$0$0$104,851,206