Can I retire at age 40 with 829,000?

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 $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%11.6%
1 years$68,458$67,848$67,253$66,673$66,106$65,661
2 years$33,890$33,259$32,647$32,054$31,479$31,031
3 years$22,369$21,735$21,125$20,537$19,971$19,534
4 years$16,610$15,978$15,374$14,796$14,244$13,819
5 years$13,155$12,527$11,930$11,365$10,828$10,418
6 years$10,852$10,229$9,642$9,089$8,568$8,173
7 years$9,208$8,590$8,012$7,472$6,968$6,589
8 years$7,976$7,363$6,795$6,268$5,781$5,417
9 years$7,018$6,411$5,853$5,339$4,868$4,520
10 years$6,252$5,651$5,102$4,602$4,148$3,815
11 years$5,626$5,031$4,492$4,005$3,567$3,249
12 years$5,104$4,515$3,987$3,513$3,091$2,788
13 years$4,663$4,081$3,562$3,102$2,696$2,406
14 years$4,286$3,709$3,200$2,753$2,363$2,088
15 years$3,959$3,388$2,889$2,456$2,081$1,819
16 years$3,673$3,109$2,620$2,199$1,839$1,590
17 years$3,421$2,863$2,384$1,975$1,630$1,395
18 years$3,197$2,646$2,176$1,780$1,450$1,226
19 years$2,997$2,452$1,992$1,609$1,292$1,081
20 years$2,818$2,278$1,828$1,457$1,154$954
21 years$2,655$2,122$1,682$1,322$1,033$844
22 years$2,508$1,981$1,550$1,202$926$748
23 years$2,373$1,853$1,431$1,095$831$663
24 years$2,250$1,736$1,323$999$747$589
25 years$2,137$1,629$1,226$912$672$524
26 years$2,033$1,531$1,137$834$605$466
27 years$1,937$1,441$1,056$763$546$415
28 years$1,848$1,358$981$699$493$370
29 years$1,765$1,281$913$641$445$330
30 years$1,687$1,210$851$589$402$294
31 years$1,615$1,144$793$541$363$262
32 years$1,548$1,082$740$497$329$234
33 years$1,485$1,025$691$457$297$209
34 years$1,425$971$646$420$269$187
35 years$1,369$921$604$387$244$167
36 years$1,317$874$565$356$221$149
37 years$1,267$830$528$328$200$134
38 years$1,220$789$495$303$182$119
39 years$1,176$750$464$279$165$107
40 years$1,133$714$435$257$149$96
41 years$1,093$680$407$237$136$86
42 years$1,055$647$382$219$123$77
43 years$1,019$617$359$202$112$69
44 years$985$588$337$187$101$61
45 years$952$561$316$173$92$55
46 years$921$535$297$159$83$49
47 years$891$510$279$147$76$44
48 years$863$487$262$136$69$39
49 years$835$465$246$126$63$35
50 years$809$444$232$116$57$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $829,000, adding $4,604 every year, while hoping to spend $29,688 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: 61/15/24 Blend
39$829,000$829,000$829,000$829,000
40$918,307$874,370$861,521$968,209
41$980,387$885,626$858,794$1,013,855
42$1,047,803$896,439$854,980$1,060,007
43$1,121,070$906,756$850,013$1,109,729
44$1,200,751$916,519$843,821$1,163,375
45$1,287,468$925,668$836,329$1,221,334
46$1,381,903$934,140$827,459$1,284,036
47$1,484,809$941,864$817,131$1,351,955
48$1,597,013$948,769$805,258$1,425,615
49$1,719,425$954,775$791,751$1,505,594
50$1,853,048$959,801$776,517$1,592,529
51$1,998,985$963,758$759,456$1,687,124
52$2,158,452$966,551$740,468$1,790,155
53$2,332,784$968,082$719,443$1,902,479
54$2,523,454$968,245$696,271$2,025,041
55$2,732,083$966,926$670,833$2,158,885
56$2,960,457$964,006$643,007$2,305,160
57$3,210,540$959,360$612,665$2,465,137
58$3,484,498$952,851$579,671$2,640,215
59$3,784,713$944,337$543,887$2,831,941
60$4,113,812$933,667$505,165$3,042,020
61$4,474,685$920,681$463,352$3,272,330
62$4,870,516$905,208$418,288$3,524,947
63$5,304,814$887,069$369,806$3,802,160
64$5,781,442$866,072$317,732$4,106,491
65$6,304,656$842,016$261,882$4,440,724
66$6,879,142$814,686$202,067$4,807,932
67$7,510,066$783,857$138,087$5,211,498
68$8,203,115$749,288$69,735$5,655,159
69$8,964,556$710,727$0$6,143,034
70$9,801,294$667,905$0$6,680,487
71$10,720,932$620,539$0$7,290,817
72$11,731,851$568,330$0$7,961,731
73$12,843,281$510,959$0$8,699,386
74$14,065,393$448,093$0$9,510,565
75$15,409,391$379,378$0$10,402,743
76$16,887,621$304,439$0$11,384,160
77$18,513,684$222,882$0$12,463,897
78$20,302,566$134,290$0$13,651,962
79$22,270,780$38,222$0$14,959,384
80$24,436,518$0$0$16,398,320
81$26,819,827$0$0$17,993,025
82$29,442,792$0$0$19,755,107
83$32,329,751$0$0$21,694,615
84$35,507,520$0$0$23,829,575
85$39,005,645$0$0$26,179,847
86$42,856,684$0$0$28,767,316
87$47,096,512$0$0$31,616,096
88$51,764,658$0$0$34,752,759
89$56,904,681$0$0$38,206,584
90$62,564,576$0$0$42,009,834
91$68,797,234$0$0$46,198,060
92$75,660,931$0$0$50,810,437
93$83,219,886$0$0$55,890,131
94$91,544,863$0$0$61,484,711
95$100,713,838$0$0$67,646,593
96$110,812,739$0$0$74,433,535
97$121,936,249$0$0$81,909,185
98$134,188,706$0$0$90,143,680
99$147,685,086$0$0$99,214,305
100$162,552,083$0$0$109,206,228