Can I retire at age 40 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$68,375$67,766$67,172$66,592$66,026$65,418
2 years$33,849$33,219$32,608$32,015$31,441$30,828
3 years$22,342$21,709$21,099$20,513$19,947$19,349
4 years$16,590$15,958$15,355$14,778$14,227$13,648
5 years$13,139$12,512$11,916$11,351$10,815$10,257
6 years$10,839$10,217$9,630$9,078$8,557$8,021
7 years$9,197$8,580$8,003$7,463$6,959$6,444
8 years$7,966$7,355$6,787$6,261$5,774$5,280
9 years$7,010$6,403$5,845$5,333$4,862$4,390
10 years$6,244$5,644$5,096$4,597$4,143$3,692
11 years$5,619$5,025$4,487$4,001$3,563$3,133
12 years$5,098$4,510$3,982$3,509$3,088$2,678
13 years$4,658$4,076$3,557$3,098$2,692$2,303
14 years$4,280$3,705$3,196$2,750$2,360$1,990
15 years$3,954$3,384$2,886$2,453$2,078$1,727
16 years$3,668$3,105$2,617$2,196$1,837$1,504
17 years$3,417$2,860$2,381$1,973$1,628$1,313
18 years$3,193$2,642$2,173$1,778$1,448$1,150
19 years$2,994$2,449$1,990$1,607$1,291$1,009
20 years$2,814$2,276$1,826$1,455$1,153$887
21 years$2,652$2,120$1,680$1,321$1,032$781
22 years$2,505$1,979$1,548$1,201$925$689
23 years$2,370$1,851$1,429$1,094$830$608
24 years$2,248$1,734$1,322$997$746$538
25 years$2,135$1,627$1,224$911$671$476
26 years$2,031$1,529$1,136$833$605$421
27 years$1,935$1,439$1,054$762$545$373
28 years$1,845$1,356$980$698$492$331
29 years$1,763$1,279$912$641$444$294
30 years$1,685$1,208$850$588$401$261
31 years$1,613$1,142$792$540$363$232
32 years$1,546$1,081$739$496$328$206
33 years$1,483$1,024$690$456$297$183
34 years$1,423$970$645$420$269$163
35 years$1,368$920$603$386$244$145
36 years$1,315$873$564$356$221$129
37 years$1,265$829$528$328$200$114
38 years$1,218$788$494$302$181$102
39 years$1,174$750$463$279$164$91
40 years$1,132$713$434$257$149$81
41 years$1,092$679$407$237$135$72
42 years$1,054$647$382$219$123$64
43 years$1,018$616$358$202$111$57
44 years$984$587$336$187$101$51
45 years$951$560$316$172$92$45
46 years$920$534$297$159$83$40
47 years$890$510$279$147$76$36
48 years$862$487$262$136$69$32
49 years$834$465$246$126$62$28
50 years$808$444$231$116$57$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $828,000, adding $5,885 every year, while hoping to spend $23,668 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: 36/37/27 Blend
39$828,000$828,000$828,000$828,000
40$918,526$874,642$861,808$943,968
41$987,033$892,317$865,496$981,033
42$1,061,735$910,065$868,515$1,018,449
43$1,143,238$927,864$870,816$1,058,386
44$1,232,210$945,691$872,350$1,101,085
45$1,329,387$963,522$873,065$1,146,812
46$1,435,578$981,327$872,906$1,195,864
47$1,551,674$999,080$871,816$1,248,567
48$1,678,656$1,016,746$869,733$1,305,280
49$1,817,605$1,034,292$866,595$1,366,401
50$1,969,710$1,051,682$862,335$1,432,370
51$2,136,281$1,068,875$856,884$1,503,671
52$2,318,760$1,085,829$850,168$1,580,840
53$2,518,737$1,102,498$842,112$1,664,468
54$2,737,960$1,118,832$832,635$1,755,207
55$2,978,358$1,134,780$821,654$1,853,779
56$3,242,051$1,150,285$809,080$1,960,978
57$3,531,377$1,165,286$794,821$2,077,684
58$3,848,912$1,179,720$778,782$2,204,866
59$4,197,492$1,193,517$760,862$2,343,595
60$4,580,240$1,206,603$740,955$2,495,052
61$5,000,599$1,218,901$718,951$2,660,541
62$5,462,359$1,230,326$694,735$2,841,502
63$5,969,698$1,240,790$668,187$3,039,524
64$6,527,215$1,250,197$639,179$3,256,359
65$7,139,980$1,258,446$607,581$3,493,944
66$7,813,578$1,265,430$573,255$3,754,412
67$8,554,160$1,271,033$536,056$4,040,120
68$9,368,505$1,275,135$495,835$4,353,669
69$10,264,081$1,277,604$452,433$4,697,926
70$11,249,115$1,278,304$405,687$5,076,057
71$12,332,672$1,277,089$355,426$5,491,554
72$13,524,741$1,273,803$301,469$5,948,268
73$14,836,326$1,268,280$243,629$6,450,449
74$16,279,553$1,260,348$181,713$7,002,787
75$17,867,781$1,249,819$115,514$7,610,451
76$19,615,732$1,236,497$44,821$8,279,146
77$21,539,625$1,220,174$0$9,015,164
78$23,657,332$1,200,628$0$9,834,268
79$25,988,547$1,177,625$0$10,749,641
80$28,554,967$1,150,917$0$11,756,871
81$31,380,504$1,120,242$0$12,865,340
82$34,491,502$1,085,321$0$14,085,391
83$37,916,994$1,045,860$0$15,428,427
84$41,688,967$1,001,547$0$16,907,018
85$45,842,671$952,052$0$18,535,017
86$50,416,948$897,028$0$20,327,700
87$55,454,599$836,104$0$22,301,901
88$61,002,786$768,891$0$24,476,180
89$67,113,481$694,978$0$26,870,993
90$73,843,951$613,927$0$29,508,891
91$81,257,304$525,279$0$32,414,729
92$89,423,079$428,547$0$35,615,906
93$98,417,905$323,218$0$39,142,622
94$108,326,223$208,748$0$43,028,165
95$119,241,086$84,565$0$47,309,227
96$131,265,031$0$0$52,026,251
97$144,511,050$0$0$57,244,147
98$159,103,659$0$0$63,030,609
99$175,180,067$0$0$69,405,638
100$192,891,475$0$0$76,429,216