Can I retire at age 40 with 828,000?

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 $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%19.1%
1 years$68,375$67,766$67,172$66,592$66,026$63,607
2 years$33,849$33,219$32,608$32,015$31,441$29,031
3 years$22,342$21,709$21,099$20,513$19,947$17,622
4 years$16,590$15,958$15,355$14,778$14,227$12,004
5 years$13,139$12,512$11,916$11,351$10,815$8,700
6 years$10,839$10,217$9,630$9,078$8,557$6,552
7 years$9,197$8,580$8,003$7,463$6,959$5,064
8 years$7,966$7,355$6,787$6,261$5,774$3,985
9 years$7,010$6,403$5,845$5,333$4,862$3,179
10 years$6,244$5,644$5,096$4,597$4,143$2,562
11 years$5,619$5,025$4,487$4,001$3,563$2,080
12 years$5,098$4,510$3,982$3,509$3,088$1,700
13 years$4,658$4,076$3,557$3,098$2,692$1,396
14 years$4,280$3,705$3,196$2,750$2,360$1,151
15 years$3,954$3,384$2,886$2,453$2,078$952
16 years$3,668$3,105$2,617$2,196$1,837$789
17 years$3,417$2,860$2,381$1,973$1,628$656
18 years$3,193$2,642$2,173$1,778$1,448$546
19 years$2,994$2,449$1,990$1,607$1,291$455
20 years$2,814$2,276$1,826$1,455$1,153$380
21 years$2,652$2,120$1,680$1,321$1,032$317
22 years$2,505$1,979$1,548$1,201$925$265
23 years$2,370$1,851$1,429$1,094$830$222
24 years$2,248$1,734$1,322$997$746$186
25 years$2,135$1,627$1,224$911$671$156
26 years$2,031$1,529$1,136$833$605$130
27 years$1,935$1,439$1,054$762$545$109
28 years$1,845$1,356$980$698$492$92
29 years$1,763$1,279$912$641$444$77
30 years$1,685$1,208$850$588$401$64
31 years$1,613$1,142$792$540$363$54
32 years$1,546$1,081$739$496$328$45
33 years$1,483$1,024$690$456$297$38
34 years$1,423$970$645$420$269$32
35 years$1,368$920$603$386$244$27
36 years$1,315$873$564$356$221$23
37 years$1,265$829$528$328$200$19
38 years$1,218$788$494$302$181$16
39 years$1,174$750$463$279$164$13
40 years$1,132$713$434$257$149$11
41 years$1,092$679$407$237$135$9
42 years$1,054$647$382$219$123$8
43 years$1,018$616$358$202$111$7
44 years$984$587$336$187$101$6
45 years$951$560$316$172$92$5
46 years$920$534$297$159$83$4
47 years$890$510$279$147$76$3
48 years$862$487$262$136$69$3
49 years$834$465$246$126$62$2
50 years$808$444$231$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $828,000, adding $3,551 every year, while hoping to spend $53,706 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: 41/30/29 Blend
39$828,000$828,000$828,000$828,000
40$916,119$872,235$859,401$945,746
41$952,420$857,832$831,048$953,145
42$990,624$840,923$799,945$955,882
43$1,030,869$821,328$765,944$957,831
44$1,073,302$798,859$728,889$958,953
45$1,118,089$773,313$688,616$959,210
46$1,165,406$744,477$644,957$958,564
47$1,215,448$712,127$597,733$956,979
48$1,268,426$676,023$546,759$954,419
49$1,324,571$635,914$491,841$950,852
50$1,384,136$591,532$432,777$946,248
51$1,447,397$542,596$369,354$940,580
52$1,514,656$488,808$301,352$933,823
53$1,586,244$429,853$228,540$925,959
54$1,662,522$365,397$150,677$916,975
55$1,743,886$295,089$67,512$906,864
56$1,830,771$218,557$0$895,627
57$1,923,653$135,408$0$889,844
58$2,023,051$45,229$0$905,685
59$2,129,539$0$0$922,356
60$2,243,742$0$0$957,300
61$2,366,350$0$0$1,010,918
62$2,498,116$0$0$1,068,618
63$2,639,871$0$0$1,130,773
64$2,792,523$0$0$1,197,792
65$2,957,072$0$0$1,270,125
66$3,134,616$0$0$1,348,265
67$3,326,361$0$0$1,432,757
68$3,533,633$0$0$1,524,197
69$3,757,887$0$0$1,623,240
70$4,000,727$0$0$1,730,608
71$4,263,911$0$0$1,847,094
72$4,549,376$0$0$1,973,571
73$4,859,250$0$0$2,110,998
74$5,195,876$0$0$2,260,430
75$5,561,828$0$0$2,423,029
76$5,959,941$0$0$2,600,072
77$6,393,332$0$0$2,792,965
78$6,865,431$0$0$3,003,255
79$7,380,013$0$0$3,232,645
80$7,941,233$0$0$3,483,009
81$8,553,665$0$0$3,756,411
82$9,222,341$0$0$4,055,120
83$9,952,802$0$0$4,381,638
84$10,751,148$0$0$4,738,717
85$11,624,096$0$0$5,129,388
86$12,579,038$0$0$5,556,987
87$13,624,117$0$0$6,025,191
88$14,768,297$0$0$6,538,045
89$16,021,451$0$0$7,100,006
90$17,394,451$0$0$7,715,983
91$18,899,270$0$0$8,391,380
92$20,549,093$0$0$9,132,151
93$22,358,444$0$0$9,944,853
94$24,343,319$0$0$10,836,709
95$26,521,338$0$0$11,815,676
96$28,911,907$0$0$12,890,516
97$31,536,404$0$0$14,070,884
98$34,418,377$0$0$15,367,413
99$37,583,767$0$0$16,791,820
100$41,061,151$0$0$18,357,009