Can I retire at age 40 with 824,000?

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 $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%15.4%
1 years$68,045$67,439$66,848$66,271$65,707$64,249
2 years$33,686$33,058$32,450$31,861$31,289$29,828
3 years$22,234$21,604$20,998$20,414$19,851$18,432
4 years$16,509$15,881$15,281$14,707$14,158$12,792
5 years$13,075$12,451$11,859$11,296$10,763$9,454
6 years$10,787$10,167$9,583$9,034$8,516$7,266
7 years$9,153$8,538$7,964$7,427$6,926$5,734
8 years$7,928$7,319$6,754$6,230$5,746$4,612
9 years$6,976$6,373$5,817$5,307$4,839$3,763
10 years$6,214$5,617$5,072$4,575$4,123$3,103
11 years$5,592$5,001$4,465$3,981$3,546$2,581
12 years$5,073$4,488$3,963$3,492$3,073$2,161
13 years$4,635$4,056$3,540$3,083$2,679$1,820
14 years$4,260$3,687$3,181$2,737$2,349$1,539
15 years$3,935$3,368$2,872$2,441$2,068$1,307
16 years$3,651$3,090$2,604$2,185$1,828$1,113
17 years$3,400$2,846$2,369$1,964$1,621$950
18 years$3,178$2,630$2,163$1,770$1,441$813
19 years$2,979$2,437$1,980$1,599$1,284$697
20 years$2,801$2,265$1,817$1,448$1,147$598
21 years$2,639$2,110$1,671$1,314$1,027$514
22 years$2,493$1,969$1,541$1,195$920$442
23 years$2,359$1,842$1,422$1,088$826$381
24 years$2,237$1,726$1,315$993$742$329
25 years$2,124$1,619$1,218$906$668$283
26 years$2,021$1,522$1,130$829$602$245
27 years$1,925$1,432$1,049$759$543$211
28 years$1,837$1,350$975$695$490$183
29 years$1,754$1,273$908$637$442$158
30 years$1,677$1,202$846$585$399$137
31 years$1,606$1,137$788$537$361$118
32 years$1,539$1,076$735$494$327$102
33 years$1,476$1,019$687$454$296$88
34 years$1,417$965$642$418$268$77
35 years$1,361$916$600$385$242$66
36 years$1,309$869$561$354$220$57
37 years$1,259$825$525$326$199$50
38 years$1,213$784$492$301$180$43
39 years$1,168$746$461$277$164$37
40 years$1,127$710$432$256$148$32
41 years$1,087$676$405$236$135$28
42 years$1,049$643$380$218$122$24
43 years$1,013$613$357$201$111$21
44 years$979$584$335$186$101$18
45 years$946$557$314$171$91$16
46 years$915$532$295$158$83$14
47 years$886$507$277$146$75$12
48 years$857$484$261$135$68$10
49 years$830$462$245$125$62$9
50 years$805$442$230$116$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $824,000, adding $2,765 every year, while hoping to spend $37,747 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: 51/22/27 Blend
39$824,000$824,000$824,000$824,000
40$910,900$867,228$854,456$950,310
41$963,649$869,560$842,918$980,365
42$1,020,514$870,741$829,728$1,009,007
43$1,081,874$870,674$814,791$1,039,402
44$1,148,146$869,259$798,008$1,071,736
45$1,219,790$866,385$779,274$1,106,210
46$1,297,309$861,939$758,481$1,143,052
47$1,381,258$855,797$735,513$1,182,512
48$1,472,246$847,830$710,252$1,224,871
49$1,570,942$837,902$682,573$1,270,439
50$1,678,085$825,865$652,345$1,319,559
51$1,794,483$811,566$619,433$1,372,613
52$1,921,029$794,841$583,692$1,430,025
53$2,058,703$775,518$544,975$1,492,265
54$2,208,584$753,412$503,125$1,559,854
55$2,371,860$728,329$457,980$1,633,368
56$2,549,837$700,064$409,370$1,713,448
57$2,743,953$668,400$357,116$1,800,801
58$2,955,791$633,107$301,034$1,896,213
59$3,187,093$593,940$240,930$2,000,553
60$3,439,777$550,644$176,602$2,114,782
61$3,715,954$502,945$107,838$2,239,967
62$4,017,949$450,557$34,418$2,377,286
63$4,348,320$393,175$0$2,528,042
64$4,709,887$330,478$0$2,706,336
65$5,105,751$262,128$0$2,912,511
66$5,539,331$187,765$0$3,138,478
67$6,014,389$107,011$0$3,386,264
68$6,535,069$19,467$0$3,658,106
69$7,105,935$0$0$3,956,471
70$7,732,015$0$0$4,302,308
71$8,418,846$0$0$4,686,958
72$9,172,525$0$0$5,109,136
73$9,999,771$0$0$5,572,615
74$10,907,982$0$0$6,081,553
75$11,905,311$0$0$6,640,530
76$13,000,736$0$0$7,254,590
77$14,204,148$0$0$7,929,291
78$15,526,444$0$0$8,670,756
79$16,979,629$0$0$9,485,729
80$18,576,928$0$0$10,381,642
81$20,332,910$0$0$11,366,682
82$22,263,629$0$0$12,449,869
83$24,386,768$0$0$13,641,140
84$26,721,814$0$0$14,951,444
85$29,290,234$0$0$16,392,844
86$32,115,680$0$0$17,978,633
87$35,224,215$0$0$19,723,454
88$38,644,551$0$0$21,643,444
89$42,408,326$0$0$23,756,380
90$46,550,400$0$0$26,081,854
91$51,109,183$0$0$28,641,448
92$56,126,998$0$0$31,458,948
93$61,650,477$0$0$34,560,559
94$67,731,004$0$0$37,975,157
95$74,425,199$0$0$41,734,561
96$81,795,449$0$0$45,873,832
97$89,910,499$0$0$50,431,602
98$98,846,099$0$0$55,450,441
99$108,685,720$0$0$60,977,259
100$119,521,338$0$0$67,063,745