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%14.5%
1 years$68,541$67,930$67,334$66,753$66,185$64,955
2 years$33,931$33,299$32,687$32,093$31,517$30,282
3 years$22,396$21,761$21,150$20,562$19,996$18,795
4 years$16,630$15,997$15,392$14,814$14,261$13,103
5 years$13,171$12,542$11,945$11,378$10,841$9,730
6 years$10,865$10,241$9,653$9,099$8,578$7,515
7 years$9,220$8,601$8,022$7,481$6,976$5,961
8 years$7,986$7,372$6,803$6,276$5,788$4,820
9 years$7,026$6,419$5,860$5,346$4,874$3,953
10 years$6,260$5,658$5,109$4,608$4,153$3,278
11 years$5,633$5,037$4,497$4,010$3,572$2,742
12 years$5,110$4,521$3,991$3,518$3,095$2,310
13 years$4,669$4,086$3,566$3,105$2,699$1,957
14 years$4,291$3,714$3,204$2,757$2,366$1,665
15 years$3,963$3,393$2,893$2,458$2,083$1,422
16 years$3,677$3,113$2,623$2,201$1,841$1,219
17 years$3,425$2,867$2,387$1,978$1,632$1,047
18 years$3,201$2,649$2,179$1,782$1,451$902
19 years$3,001$2,455$1,995$1,611$1,294$778
20 years$2,821$2,281$1,830$1,459$1,156$673
21 years$2,658$2,125$1,684$1,324$1,034$582
22 years$2,511$1,983$1,552$1,204$927$505
23 years$2,376$1,855$1,433$1,096$832$438
24 years$2,253$1,738$1,325$1,000$748$380
25 years$2,140$1,631$1,227$913$673$330
26 years$2,036$1,533$1,138$835$606$287
27 years$1,939$1,443$1,057$764$547$250
28 years$1,850$1,359$983$700$493$217
29 years$1,767$1,283$914$642$445$189
30 years$1,690$1,211$852$589$402$165
31 years$1,617$1,145$794$541$364$144
32 years$1,550$1,083$741$497$329$125
33 years$1,486$1,026$692$457$298$109
34 years$1,427$972$646$421$270$95
35 years$1,371$922$604$387$244$83
36 years$1,318$875$565$357$221$72
37 years$1,268$831$529$329$201$63
38 years$1,221$790$495$303$182$55
39 years$1,177$751$464$279$165$48
40 years$1,135$715$435$258$150$42
41 years$1,095$680$408$238$136$37
42 years$1,057$648$383$219$123$32
43 years$1,021$617$359$203$112$28
44 years$986$589$337$187$101$24
45 years$953$561$317$173$92$21
46 years$922$535$297$160$84$19
47 years$892$511$279$147$76$16
48 years$864$488$262$136$69$14
49 years$836$466$247$126$63$12
50 years$810$445$232$116$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $830,000, adding $6,271 every year, while hoping to spend $50,989 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: 54/41/5 Blend
39$830,000$830,000$830,000$830,000
40$921,129$877,139$864,274$969,558
41$960,832$865,866$838,975$991,695
42$1,002,876$852,333$811,120$1,009,586
43$1,047,445$836,374$780,569$1,027,801
44$1,094,743$817,814$747,176$1,046,379
45$1,144,989$796,470$710,789$1,065,363
46$1,198,426$772,145$671,248$1,084,806
47$1,255,318$744,632$628,387$1,104,767
48$1,315,954$713,713$582,032$1,125,315
49$1,380,652$679,155$532,000$1,146,530
50$1,449,759$640,714$478,103$1,168,505
51$1,523,656$598,130$420,140$1,191,342
52$1,602,759$551,130$357,906$1,215,164
53$1,687,528$499,422$291,183$1,240,106
54$1,778,463$442,701$219,745$1,266,324
55$1,876,117$380,644$143,357$1,293,994
56$1,981,093$312,907$61,771$1,323,317
57$2,094,055$239,131$0$1,354,520
58$2,215,732$158,932$0$1,389,206
59$2,346,925$71,908$0$1,429,922
60$2,488,514$0$0$1,473,707
61$2,641,463$0$0$1,531,034
62$2,806,836$0$0$1,628,158
63$2,985,799$0$0$1,733,328
64$3,179,636$0$0$1,847,307
65$3,389,756$0$0$1,970,933
66$3,617,711$0$0$2,105,128
67$3,865,206$0$0$2,250,905
68$4,134,119$0$0$2,409,380
69$4,426,513$0$0$2,581,778
70$4,744,658$0$0$2,769,451
71$5,091,053$0$0$2,973,883
72$5,468,447$0$0$3,196,708
73$5,879,866$0$0$3,439,726
74$6,328,639$0$0$3,704,915
75$6,818,432$0$0$3,994,455
76$7,353,278$0$0$4,310,744
77$7,937,618$0$0$4,656,425
78$8,576,341$0$0$5,034,403
79$9,274,831$0$0$5,447,880
80$10,039,013$0$0$5,900,381
81$10,875,413$0$0$6,395,786
82$11,791,217$0$0$6,938,371
83$12,794,339$0$0$7,532,840
84$13,893,492$0$0$8,184,379
85$15,098,274$0$0$8,898,694
86$16,419,254$0$0$9,682,075
87$17,868,075$0$0$10,541,445
88$19,457,558$0$0$11,484,433
89$21,201,827$0$0$12,519,439
90$23,116,438$0$0$13,655,720
91$25,218,529$0$0$14,903,469
92$27,526,976$0$0$16,273,917
93$30,062,573$0$0$17,779,435
94$32,848,228$0$0$19,433,652
95$35,909,178$0$0$21,251,581
96$39,273,223$0$0$23,249,763
97$42,970,991$0$0$25,446,421
98$47,036,227$0$0$27,861,632
99$51,506,106$0$0$30,517,514
100$56,421,586$0$0$33,438,437