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%19.1%
1 years$68,458$67,848$67,253$66,673$66,106$63,684
2 years$33,890$33,259$32,647$32,054$31,479$29,066
3 years$22,369$21,735$21,125$20,537$19,971$17,644
4 years$16,610$15,978$15,374$14,796$14,244$12,018
5 years$13,155$12,527$11,930$11,365$10,828$8,711
6 years$10,852$10,229$9,642$9,089$8,568$6,560
7 years$9,208$8,590$8,012$7,472$6,968$5,070
8 years$7,976$7,363$6,795$6,268$5,781$3,990
9 years$7,018$6,411$5,853$5,339$4,868$3,183
10 years$6,252$5,651$5,102$4,602$4,148$2,565
11 years$5,626$5,031$4,492$4,005$3,567$2,083
12 years$5,104$4,515$3,987$3,513$3,091$1,702
13 years$4,663$4,081$3,562$3,102$2,696$1,398
14 years$4,286$3,709$3,200$2,753$2,363$1,152
15 years$3,959$3,388$2,889$2,456$2,081$953
16 years$3,673$3,109$2,620$2,199$1,839$790
17 years$3,421$2,863$2,384$1,975$1,630$657
18 years$3,197$2,646$2,176$1,780$1,450$547
19 years$2,997$2,452$1,992$1,609$1,292$456
20 years$2,818$2,278$1,828$1,457$1,154$380
21 years$2,655$2,122$1,682$1,322$1,033$318
22 years$2,508$1,981$1,550$1,202$926$266
23 years$2,373$1,853$1,431$1,095$831$222
24 years$2,250$1,736$1,323$999$747$186
25 years$2,137$1,629$1,226$912$672$156
26 years$2,033$1,531$1,137$834$605$131
27 years$1,937$1,441$1,056$763$546$109
28 years$1,848$1,358$981$699$493$92
29 years$1,765$1,281$913$641$445$77
30 years$1,687$1,210$851$589$402$65
31 years$1,615$1,144$793$541$363$54
32 years$1,548$1,082$740$497$329$45
33 years$1,485$1,025$691$457$297$38
34 years$1,425$971$646$420$269$32
35 years$1,369$921$604$387$244$27
36 years$1,317$874$565$356$221$23
37 years$1,267$830$528$328$200$19
38 years$1,220$789$495$303$182$16
39 years$1,176$750$464$279$165$13
40 years$1,133$714$435$257$149$11
41 years$1,093$680$407$237$136$9
42 years$1,055$647$382$219$123$8
43 years$1,019$617$359$202$112$7
44 years$985$588$337$187$101$6
45 years$952$561$316$173$92$5
46 years$921$535$297$159$83$4
47 years$891$510$279$147$76$3
48 years$863$487$262$136$69$3
49 years$835$465$246$126$63$2
50 years$809$444$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $829,000, adding $3,099 every year, while hoping to spend $43,673 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: 65/5/30 Blend
39$829,000$829,000$829,000$829,000
40$916,755$872,818$859,968$968,832
41$963,796$869,118$842,309$1,000,772
42$1,014,172$863,773$822,595$1,030,579
43$1,068,176$856,657$800,711$1,062,222
44$1,126,131$847,634$776,536$1,095,890
45$1,188,391$836,563$749,945$1,131,788
46$1,255,345$823,293$720,806$1,170,147
47$1,327,419$807,662$688,981$1,211,221
48$1,405,081$789,503$654,327$1,255,292
49$1,488,846$768,636$616,694$1,302,674
50$1,579,279$744,870$575,924$1,353,712
51$1,677,001$718,004$531,854$1,408,789
52$1,782,695$687,826$484,310$1,468,332
53$1,897,111$654,111$433,116$1,532,809
54$2,021,073$616,619$378,083$1,602,741
55$2,155,490$575,101$319,015$1,678,704
56$2,301,357$529,288$255,709$1,761,336
57$2,459,771$478,899$187,952$1,851,341
58$2,631,940$423,637$115,520$1,949,499
59$2,819,190$363,188$38,182$2,056,673
60$3,022,982$297,218$0$2,173,815
61$3,244,922$225,377$0$2,316,177
62$3,486,777$147,294$0$2,484,694
63$3,750,495$62,578$0$2,668,502
64$4,038,216$0$0$2,869,114
65$4,352,297$0$0$3,089,800
66$4,695,333$0$0$3,334,643
67$5,070,181$0$0$3,602,244
68$5,479,985$0$0$3,894,857
69$5,928,207$0$0$4,214,959
70$6,418,660$0$0$4,565,281
71$6,955,541$0$0$4,948,828
72$7,543,472$0$0$5,368,910
73$8,187,544$0$0$5,829,172
74$8,893,362$0$0$6,333,630
75$9,667,100$0$0$6,886,703
76$10,515,559$0$0$7,493,261
77$11,446,225$0$0$8,158,669
78$12,467,350$0$0$8,888,832
79$13,588,018$0$0$9,690,258
80$14,818,237$0$0$10,570,115
81$16,169,032$0$0$11,536,297
82$17,652,548$0$0$12,597,504
83$19,282,162$0$0$13,763,315
84$21,072,611$0$0$15,044,286
85$23,040,132$0$0$16,452,046
86$25,202,611$0$0$17,999,404
87$27,579,753$0$0$19,700,474
88$30,193,267$0$0$21,570,805
89$33,067,072$0$0$23,627,527
90$36,227,518$0$0$25,889,515
91$39,703,640$0$0$28,377,563
92$43,527,425$0$0$31,114,582
93$47,734,117$0$0$34,125,816
94$52,362,549$0$0$37,439,079
95$57,455,507$0$0$41,085,016
96$63,060,134$0$0$45,097,394
97$69,228,375$0$0$49,513,418
98$76,017,463$0$0$54,374,084
99$83,490,463$0$0$59,724,561
100$91,716,866$0$0$65,614,624