Can I retire at age 40 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$68,458$67,848$67,253$66,673$66,106$65,064
2 years$33,890$33,259$32,647$32,054$31,479$30,432
3 years$22,369$21,735$21,125$20,537$19,971$18,952
4 years$16,610$15,978$15,374$14,796$14,244$13,260
5 years$13,155$12,527$11,930$11,365$10,828$9,882
6 years$10,852$10,229$9,642$9,089$8,568$7,661
7 years$9,208$8,590$8,012$7,472$6,968$6,101
8 years$7,976$7,363$6,795$6,268$5,781$4,953
9 years$7,018$6,411$5,853$5,339$4,868$4,080
10 years$6,252$5,651$5,102$4,602$4,148$3,398
11 years$5,626$5,031$4,492$4,005$3,567$2,855
12 years$5,104$4,515$3,987$3,513$3,091$2,415
13 years$4,663$4,081$3,562$3,102$2,696$2,055
14 years$4,286$3,709$3,200$2,753$2,363$1,757
15 years$3,959$3,388$2,889$2,456$2,081$1,508
16 years$3,673$3,109$2,620$2,199$1,839$1,299
17 years$3,421$2,863$2,384$1,975$1,630$1,122
18 years$3,197$2,646$2,176$1,780$1,450$971
19 years$2,997$2,452$1,992$1,609$1,292$842
20 years$2,818$2,278$1,828$1,457$1,154$732
21 years$2,655$2,122$1,682$1,322$1,033$637
22 years$2,508$1,981$1,550$1,202$926$555
23 years$2,373$1,853$1,431$1,095$831$484
24 years$2,250$1,736$1,323$999$747$422
25 years$2,137$1,629$1,226$912$672$369
26 years$2,033$1,531$1,137$834$605$323
27 years$1,937$1,441$1,056$763$546$282
28 years$1,848$1,358$981$699$493$247
29 years$1,765$1,281$913$641$445$216
30 years$1,687$1,210$851$589$402$190
31 years$1,615$1,144$793$541$363$166
32 years$1,548$1,082$740$497$329$146
33 years$1,485$1,025$691$457$297$128
34 years$1,425$971$646$420$269$112
35 years$1,369$921$604$387$244$98
36 years$1,317$874$565$356$221$86
37 years$1,267$830$528$328$200$76
38 years$1,220$789$495$303$182$67
39 years$1,176$750$464$279$165$58
40 years$1,133$714$435$257$149$51
41 years$1,093$680$407$237$136$45
42 years$1,055$647$382$219$123$40
43 years$1,019$617$359$202$112$35
44 years$985$588$337$187$101$31
45 years$952$561$316$173$92$27
46 years$921$535$297$159$83$24
47 years$891$510$279$147$76$21
48 years$863$487$262$136$69$18
49 years$835$465$246$126$63$16
50 years$809$444$232$116$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $829,000, adding $5,446 every year, while hoping to spend $47,194 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: 66/10/24 Blend
39$829,000$829,000$829,000$829,000
40$919,176$875,239$862,389$973,803
41$962,717$867,911$841,065$1,003,895
42$1,009,119$858,643$817,445$1,030,940
43$1,058,622$847,289$791,402$1,059,425
44$1,111,491$833,696$762,804$1,089,493
45$1,168,016$817,701$731,511$1,121,305
46$1,228,517$799,131$697,380$1,155,038
47$1,293,342$777,805$660,258$1,190,890
48$1,362,873$753,528$619,987$1,229,079
49$1,437,532$726,096$576,403$1,269,849
50$1,517,779$695,293$529,330$1,313,470
51$1,604,119$660,890$478,590$1,360,240
52$1,697,110$622,644$423,993$1,410,493
53$1,797,361$580,299$365,343$1,464,596
54$1,905,542$533,584$302,432$1,522,959
55$2,022,391$482,213$235,047$1,586,032
56$2,148,716$425,883$162,963$1,654,318
57$2,285,408$364,275$85,945$1,728,373
58$2,433,445$297,049$3,749$1,808,812
59$2,593,901$223,850$0$1,896,316
60$2,767,960$144,299$0$2,013,142
61$2,956,921$57,999$0$2,141,046
62$3,162,216$0$0$2,280,063
63$3,385,416$0$0$2,435,191
64$3,628,254$0$0$2,610,958
65$3,892,633$0$0$2,802,366
66$4,180,649$0$0$3,010,938
67$4,494,608$0$0$3,238,350
68$4,837,048$0$0$3,486,448
69$5,210,763$0$0$3,757,262
70$5,618,827$0$0$4,053,027
71$6,064,626$0$0$4,376,205
72$6,551,885$0$0$4,729,505
73$7,084,708$0$0$5,115,910
74$7,667,612$0$0$5,538,704
75$8,305,570$0$0$6,001,504
76$9,004,060$0$0$6,508,291
77$9,769,112$0$0$7,063,452
78$10,607,368$0$0$7,671,815
79$11,526,144$0$0$8,338,700
80$12,533,495$0$0$9,069,965
81$13,638,293$0$0$9,872,061
82$14,850,312$0$0$10,752,096
83$16,180,316$0$0$11,717,896
84$17,640,161$0$0$12,778,084
85$19,242,909$0$0$13,942,157
86$21,002,945$0$0$15,220,578
87$22,936,118$0$0$16,624,873
88$25,059,888$0$0$18,167,737
89$27,393,487$0$0$19,863,157
90$29,958,104$0$0$21,726,543
91$32,777,082$0$0$23,774,871
92$35,876,139$0$0$26,026,843
93$39,283,607$0$0$28,503,065
94$43,030,701$0$0$31,226,238
95$47,151,815$0$0$34,221,375
96$51,684,840$0$0$37,516,032
97$56,671,524$0$0$41,140,573
98$62,157,868$0$0$45,128,451
99$68,194,553$0$0$49,516,527
100$74,837,422$0$0$54,345,412