Can I retire at age 40 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$68,541$67,930$67,334$66,753$66,185$63,964
2 years$33,931$33,299$32,687$32,093$31,517$29,301
3 years$22,396$21,761$21,150$20,562$19,996$17,855
4 years$16,630$15,997$15,392$14,814$14,261$12,211
5 years$13,171$12,542$11,945$11,378$10,841$8,888
6 years$10,865$10,241$9,653$9,099$8,578$6,723
7 years$9,220$8,601$8,022$7,481$6,976$5,220
8 years$7,986$7,372$6,803$6,276$5,788$4,127
9 years$7,026$6,419$5,860$5,346$4,874$3,309
10 years$6,260$5,658$5,109$4,608$4,153$2,680
11 years$5,633$5,037$4,497$4,010$3,572$2,188
12 years$5,110$4,521$3,991$3,518$3,095$1,797
13 years$4,669$4,086$3,566$3,105$2,699$1,484
14 years$4,291$3,714$3,204$2,757$2,366$1,230
15 years$3,963$3,393$2,893$2,458$2,083$1,023
16 years$3,677$3,113$2,623$2,201$1,841$853
17 years$3,425$2,867$2,387$1,978$1,632$713
18 years$3,201$2,649$2,179$1,782$1,451$597
19 years$3,001$2,455$1,995$1,611$1,294$501
20 years$2,821$2,281$1,830$1,459$1,156$421
21 years$2,658$2,125$1,684$1,324$1,034$354
22 years$2,511$1,983$1,552$1,204$927$298
23 years$2,376$1,855$1,433$1,096$832$251
24 years$2,253$1,738$1,325$1,000$748$211
25 years$2,140$1,631$1,227$913$673$178
26 years$2,036$1,533$1,138$835$606$150
27 years$1,939$1,443$1,057$764$547$127
28 years$1,850$1,359$983$700$493$107
29 years$1,767$1,283$914$642$445$90
30 years$1,690$1,211$852$589$402$76
31 years$1,617$1,145$794$541$364$64
32 years$1,550$1,083$741$497$329$54
33 years$1,486$1,026$692$457$298$46
34 years$1,427$972$646$421$270$39
35 years$1,371$922$604$387$244$33
36 years$1,318$875$565$357$221$28
37 years$1,268$831$529$329$201$23
38 years$1,221$790$495$303$182$20
39 years$1,177$751$464$279$165$17
40 years$1,135$715$435$258$150$14
41 years$1,095$680$408$238$136$12
42 years$1,057$648$383$219$123$10
43 years$1,021$617$359$203$112$9
44 years$986$589$337$187$101$7
45 years$953$561$317$173$92$6
46 years$922$535$297$160$84$5
47 years$892$511$279$147$76$4
48 years$864$488$262$136$69$4
49 years$836$466$247$126$63$3
50 years$810$445$232$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $830,000, adding $6,404 every year, while hoping to spend $26,022 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: 37/34/29 Blend
39$830,000$830,000$830,000$830,000
40$921,266$877,276$864,411$947,179
41$987,548$892,575$865,681$982,241
42$1,059,718$907,752$866,122$1,017,269
43$1,138,350$922,773$865,678$1,054,613
44$1,224,075$937,602$864,292$1,094,499
45$1,317,587$952,200$861,901$1,137,179
46$1,419,649$966,526$858,444$1,182,930
47$1,531,103$980,536$853,852$1,232,061
48$1,652,876$994,182$848,055$1,284,909
49$1,785,985$1,007,413$840,981$1,341,851
50$1,931,554$1,020,174$832,552$1,403,302
51$2,090,817$1,032,408$822,688$1,469,721
52$2,265,137$1,044,052$811,304$1,541,615
53$2,456,010$1,055,040$798,312$1,619,546
54$2,665,087$1,065,301$783,619$1,704,132
55$2,894,184$1,074,759$767,129$1,796,059
56$3,145,303$1,083,335$748,740$1,896,083
57$3,420,648$1,090,942$728,346$2,005,042
58$3,722,645$1,097,489$705,837$2,123,859
59$4,053,968$1,102,879$681,096$2,253,555
60$4,417,562$1,107,009$654,002$2,395,257
61$4,816,670$1,109,770$624,428$2,550,211
62$5,254,866$1,111,044$592,241$2,719,792
63$5,736,085$1,110,708$557,304$2,905,521
64$6,264,662$1,108,629$519,471$3,109,073
65$6,845,375$1,104,669$478,590$3,332,302
66$7,483,484$1,098,679$434,504$3,577,253
67$8,184,787$1,090,502$387,048$3,846,184
68$8,955,670$1,079,971$336,048$4,141,587
69$9,803,167$1,066,909$281,325$4,466,215
70$10,735,031$1,051,128$222,690$4,823,104
71$11,759,801$1,032,430$159,947$5,215,607
72$12,886,887$1,010,605$92,891$5,647,425
73$14,126,653$985,429$21,307$6,122,640
74$15,490,524$956,666$0$6,645,758
75$16,991,082$924,068$0$7,238,797
76$18,642,193$887,368$0$7,898,342
77$20,459,135$846,288$0$8,623,922
78$22,458,742$800,531$0$9,422,295
79$24,659,561$749,784$0$10,300,910
80$27,082,030$693,717$0$11,267,983
81$29,748,667$631,979$0$12,332,569
82$32,684,285$564,201$0$13,504,654
83$35,916,227$489,990$0$14,795,245
84$39,474,617$408,935$0$16,216,478
85$43,392,654$320,599$0$17,781,733
86$47,706,917$224,521$0$19,505,759
87$52,457,713$120,213$0$21,404,816
88$57,689,459$7,162$0$23,496,832
89$63,451,095$0$0$25,801,566
90$69,796,554$0$0$28,383,895
91$76,785,264$0$0$31,231,110
92$84,482,709$0$0$34,367,231
93$92,961,053$0$0$37,821,679
94$102,299,813$0$0$41,626,874
95$112,586,613$0$0$45,818,541
96$123,918,012$0$0$50,436,049
97$136,400,412$0$0$55,522,778
98$150,151,063$0$0$61,126,535
99$165,299,172$0$0$67,300,000
100$181,987,118$0$0$74,101,222