Can I retire at age 40 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$68,045$67,439$66,848$66,271$65,707$65,048
2 years$33,686$33,058$32,450$31,861$31,289$30,625
3 years$22,234$21,604$20,998$20,414$19,851$19,203
4 years$16,509$15,881$15,281$14,707$14,158$13,531
5 years$13,075$12,451$11,859$11,296$10,763$10,158
6 years$10,787$10,167$9,583$9,034$8,516$7,935
7 years$9,153$8,538$7,964$7,427$6,926$6,368
8 years$7,928$7,319$6,754$6,230$5,746$5,212
9 years$6,976$6,373$5,817$5,307$4,839$4,328
10 years$6,214$5,617$5,072$4,575$4,123$3,636
11 years$5,592$5,001$4,465$3,981$3,546$3,081
12 years$5,073$4,488$3,963$3,492$3,073$2,631
13 years$4,635$4,056$3,540$3,083$2,679$2,259
14 years$4,260$3,687$3,181$2,737$2,349$1,950
15 years$3,935$3,368$2,872$2,441$2,068$1,689
16 years$3,651$3,090$2,604$2,185$1,828$1,469
17 years$3,400$2,846$2,369$1,964$1,621$1,281
18 years$3,178$2,630$2,163$1,770$1,441$1,120
19 years$2,979$2,437$1,980$1,599$1,284$982
20 years$2,801$2,265$1,817$1,448$1,147$862
21 years$2,639$2,110$1,671$1,314$1,027$758
22 years$2,493$1,969$1,541$1,195$920$667
23 years$2,359$1,842$1,422$1,088$826$588
24 years$2,237$1,726$1,315$993$742$519
25 years$2,124$1,619$1,218$906$668$459
26 years$2,021$1,522$1,130$829$602$406
27 years$1,925$1,432$1,049$759$543$359
28 years$1,837$1,350$975$695$490$318
29 years$1,754$1,273$908$637$442$281
30 years$1,677$1,202$846$585$399$249
31 years$1,606$1,137$788$537$361$221
32 years$1,539$1,076$735$494$327$196
33 years$1,476$1,019$687$454$296$174
34 years$1,417$965$642$418$268$154
35 years$1,361$916$600$385$242$137
36 years$1,309$869$561$354$220$122
37 years$1,259$825$525$326$199$108
38 years$1,213$784$492$301$180$96
39 years$1,168$746$461$277$164$85
40 years$1,127$710$432$256$148$76
41 years$1,087$676$405$236$135$67
42 years$1,049$643$380$218$122$60
43 years$1,013$613$357$201$111$53
44 years$979$584$335$186$101$47
45 years$946$557$314$171$91$42
46 years$915$532$295$158$83$37
47 years$886$507$277$146$75$33
48 years$857$484$261$135$68$30
49 years$830$462$245$125$62$26
50 years$805$442$230$116$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $824,000, adding $3,293 every year, while hoping to spend $25,941 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: 82/5/13 Blend
39$824,000$824,000$824,000$824,000
40$911,445$867,773$855,001$983,699
41$976,811$882,693$856,042$1,046,493
42$1,047,975$897,474$856,249$1,111,681
43$1,125,502$912,083$855,566$1,182,493
44$1,210,010$926,483$853,935$1,259,478
45$1,302,185$940,634$851,296$1,343,245
46$1,402,777$954,494$847,583$1,434,461
47$1,512,614$968,018$842,731$1,533,863
48$1,632,607$981,158$836,669$1,642,263
49$1,763,760$993,861$829,324$1,760,555
50$1,907,175$1,006,072$820,619$1,889,723
51$2,064,070$1,017,733$810,472$2,030,851
52$2,235,782$1,028,779$798,800$2,185,136
53$2,423,786$1,039,143$785,514$2,353,893
54$2,629,706$1,048,754$770,522$2,538,574
55$2,855,327$1,057,535$753,726$2,740,776
56$3,102,620$1,065,403$735,025$2,962,261
57$3,373,752$1,072,273$714,314$3,204,970
58$3,671,112$1,078,052$691,480$3,471,041
59$3,997,330$1,082,640$666,409$3,762,830
60$4,355,302$1,085,934$638,978$4,082,932
61$4,748,220$1,087,822$609,061$4,434,210
62$5,179,599$1,088,186$576,525$4,819,815
63$5,653,311$1,086,900$541,232$5,243,222
64$6,173,622$1,083,831$503,036$5,708,258
65$6,745,230$1,078,837$461,786$6,219,143
66$7,373,311$1,071,769$417,325$6,780,524
67$8,063,570$1,062,466$369,486$7,397,524
68$8,822,287$1,050,760$318,097$8,075,789
69$9,656,385$1,036,472$262,977$8,821,540
70$10,573,489$1,019,411$203,940$9,641,632
71$11,582,000$999,378$140,787$10,543,621
72$12,691,175$976,159$73,315$11,535,832
73$13,911,212$949,527$1,308$12,627,441
74$15,253,347$919,246$0$13,828,558
75$16,729,960$885,061$0$15,160,804
76$18,354,692$846,705$0$16,626,855
77$20,142,573$803,895$0$18,240,097
78$22,110,162$756,333$0$20,015,478
79$24,275,706$703,700$0$21,969,470
80$26,659,310$645,664$0$24,120,222
81$29,283,128$581,869$0$26,487,734
82$32,171,569$511,943$0$29,094,045
83$35,351,530$435,489$0$31,963,439
84$38,852,648$352,091$0$35,122,675
85$42,707,581$261,306$0$38,601,240
86$46,952,315$162,670$0$42,431,629
87$51,626,501$55,691$0$46,649,645
88$56,773,833$0$0$51,294,745
89$62,442,457$0$0$56,413,717
90$68,685,429$0$0$62,054,745
91$75,561,210$0$0$68,267,592
92$83,134,222$0$0$75,110,473
93$91,475,452$0$0$82,647,535
94$100,663,126$0$0$90,949,465
95$110,783,444$0$0$100,094,156
96$121,931,395$0$0$110,167,442
97$134,211,649$0$0$121,263,910
98$147,739,551$0$0$133,487,788
99$162,642,207$0$0$146,953,933
100$179,059,680$0$0$161,788,912