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%19.4%
1 years$68,375$67,766$67,172$66,592$66,026$63,532
2 years$33,849$33,219$32,608$32,015$31,441$28,957
3 years$22,342$21,709$21,099$20,513$19,947$17,552
4 years$16,590$15,958$15,355$14,778$14,227$11,938
5 years$13,139$12,512$11,916$11,351$10,815$8,639
6 years$10,839$10,217$9,630$9,078$8,557$6,495
7 years$9,197$8,580$8,003$7,463$6,959$5,011
8 years$7,966$7,355$6,787$6,261$5,774$3,937
9 years$7,010$6,403$5,845$5,333$4,862$3,134
10 years$6,244$5,644$5,096$4,597$4,143$2,521
11 years$5,619$5,025$4,487$4,001$3,563$2,043
12 years$5,098$4,510$3,982$3,509$3,088$1,667
13 years$4,658$4,076$3,557$3,098$2,692$1,366
14 years$4,280$3,705$3,196$2,750$2,360$1,124
15 years$3,954$3,384$2,886$2,453$2,078$927
16 years$3,668$3,105$2,617$2,196$1,837$767
17 years$3,417$2,860$2,381$1,973$1,628$636
18 years$3,193$2,642$2,173$1,778$1,448$528
19 years$2,994$2,449$1,990$1,607$1,291$439
20 years$2,814$2,276$1,826$1,455$1,153$366
21 years$2,652$2,120$1,680$1,321$1,032$305
22 years$2,505$1,979$1,548$1,201$925$254
23 years$2,370$1,851$1,429$1,094$830$212
24 years$2,248$1,734$1,322$997$746$177
25 years$2,135$1,627$1,224$911$671$148
26 years$2,031$1,529$1,136$833$605$124
27 years$1,935$1,439$1,054$762$545$104
28 years$1,845$1,356$980$698$492$87
29 years$1,763$1,279$912$641$444$72
30 years$1,685$1,208$850$588$401$61
31 years$1,613$1,142$792$540$363$51
32 years$1,546$1,081$739$496$328$42
33 years$1,483$1,024$690$456$297$36
34 years$1,423$970$645$420$269$30
35 years$1,368$920$603$386$244$25
36 years$1,315$873$564$356$221$21
37 years$1,265$829$528$328$200$17
38 years$1,218$788$494$302$181$15
39 years$1,174$750$463$279$164$12
40 years$1,132$713$434$257$149$10
41 years$1,092$679$407$237$135$9
42 years$1,054$647$382$219$123$7
43 years$1,018$616$358$202$111$6
44 years$984$587$336$187$101$5
45 years$951$560$316$172$92$4
46 years$920$534$297$159$83$4
47 years$890$510$279$147$76$3
48 years$862$487$262$136$69$2
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 $6,263 every year, while hoping to spend $36,637 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: 65/27/8 Blend
39$828,000$828,000$828,000$828,000
40$918,916$875,032$862,198$976,811
41$973,664$878,927$852,100$1,020,031
42$1,032,769$881,785$840,436$1,062,313
43$1,096,635$883,517$827,115$1,107,554
44$1,165,709$884,027$812,041$1,156,037
45$1,240,482$883,214$795,114$1,208,078
46$1,321,490$880,971$776,230$1,264,022
47$1,409,328$877,185$755,280$1,324,253
48$1,504,647$871,733$732,148$1,389,195
49$1,608,162$864,490$706,717$1,459,314
50$1,720,662$855,317$678,859$1,535,126
51$1,843,013$844,072$648,445$1,617,200
52$1,976,171$830,601$615,338$1,706,166
53$2,121,183$814,743$579,394$1,802,717
54$2,279,204$796,327$540,465$1,907,619
55$2,451,506$775,170$498,394$2,021,720
56$2,639,488$751,081$453,018$2,145,952
57$2,844,688$723,857$404,167$2,281,348
58$3,068,802$693,282$351,662$2,429,046
59$3,313,695$659,128$295,318$2,590,302
60$3,581,422$621,154$234,941$2,766,504
61$3,874,243$579,107$170,327$2,959,182
62$4,194,648$532,716$101,265$3,170,027
63$4,545,379$481,696$27,535$3,400,903
64$4,929,456$425,747$0$3,653,869
65$5,350,203$364,551$0$3,935,564
66$5,811,281$297,771$0$4,246,919
67$6,316,723$225,053$0$4,588,369
68$6,870,969$146,022$0$4,962,991
69$7,478,912$60,281$0$5,374,174
70$8,145,939$0$0$5,825,661
71$8,877,984$0$0$6,331,259
72$9,681,585$0$0$6,905,995
73$10,563,941$0$0$7,537,115
74$11,532,984$0$0$8,230,301
75$12,597,453$0$0$8,991,811
76$13,766,973$0$0$9,828,538
77$15,052,149$0$0$10,748,078
78$16,464,662$0$0$11,758,797
79$18,017,383$0$0$12,869,914
80$19,724,491$0$0$14,091,583
81$21,601,608$0$0$15,434,995
82$23,665,946$0$0$16,912,475
83$25,936,467$0$0$18,537,607
84$28,434,064$0$0$20,325,354
85$31,181,756$0$0$22,292,204
86$34,204,906$0$0$24,456,323
87$37,531,460$0$0$26,837,727
88$41,192,208$0$0$29,458,470
89$45,221,078$0$0$32,342,853
90$49,655,452$0$0$35,517,651
91$54,536,518$0$0$39,012,367
92$59,909,665$0$0$42,859,509
93$65,824,900$0$0$47,094,899
94$72,337,330$0$0$51,758,004
95$79,507,674$0$0$56,892,319
96$87,402,838$0$0$62,545,766
97$96,096,550$0$0$68,771,153
98$105,670,046$0$0$75,626,670
99$116,212,845$0$0$83,176,437
100$127,823,591$0$0$91,491,109