Can I retire at age 40 with 830,000?

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 $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%11.2%
1 years$68,541$67,930$67,334$66,753$66,185$65,851
2 years$33,931$33,299$32,687$32,093$31,517$31,179
3 years$22,396$21,761$21,150$20,562$19,996$19,666
4 years$16,630$15,997$15,392$14,814$14,261$13,941
5 years$13,171$12,542$11,945$11,378$10,841$10,532
6 years$10,865$10,241$9,653$9,099$8,578$8,280
7 years$9,220$8,601$8,022$7,481$6,976$6,690
8 years$7,986$7,372$6,803$6,276$5,788$5,512
9 years$7,026$6,419$5,860$5,346$4,874$4,610
10 years$6,260$5,658$5,109$4,608$4,153$3,900
11 years$5,633$5,037$4,497$4,010$3,572$3,330
12 years$5,110$4,521$3,991$3,518$3,095$2,864
13 years$4,669$4,086$3,566$3,105$2,699$2,479
14 years$4,291$3,714$3,204$2,757$2,366$2,156
15 years$3,963$3,393$2,893$2,458$2,083$1,884
16 years$3,677$3,113$2,623$2,201$1,841$1,651
17 years$3,425$2,867$2,387$1,978$1,632$1,452
18 years$3,201$2,649$2,179$1,782$1,451$1,281
19 years$3,001$2,455$1,995$1,611$1,294$1,132
20 years$2,821$2,281$1,830$1,459$1,156$1,002
21 years$2,658$2,125$1,684$1,324$1,034$889
22 years$2,511$1,983$1,552$1,204$927$790
23 years$2,376$1,855$1,433$1,096$832$703
24 years$2,253$1,738$1,325$1,000$748$626
25 years$2,140$1,631$1,227$913$673$558
26 years$2,036$1,533$1,138$835$606$498
27 years$1,939$1,443$1,057$764$547$445
28 years$1,850$1,359$983$700$493$398
29 years$1,767$1,283$914$642$445$356
30 years$1,690$1,211$852$589$402$318
31 years$1,617$1,145$794$541$364$285
32 years$1,550$1,083$741$497$329$255
33 years$1,486$1,026$692$457$298$229
34 years$1,427$972$646$421$270$205
35 years$1,371$922$604$387$244$184
36 years$1,318$875$565$357$221$165
37 years$1,268$831$529$329$201$148
38 years$1,221$790$495$303$182$133
39 years$1,177$751$464$279$165$119
40 years$1,135$715$435$258$150$107
41 years$1,095$680$408$238$136$96
42 years$1,057$648$383$219$123$86
43 years$1,021$617$359$203$112$78
44 years$986$589$337$187$101$70
45 years$953$561$317$173$92$63
46 years$922$535$297$160$84$56
47 years$892$511$279$147$76$51
48 years$864$488$262$136$69$45
49 years$836$466$247$126$63$41
50 years$810$445$232$116$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $830,000, adding $4,108 every year, while hoping to spend $26,013 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: 47/29/24 Blend
39$830,000$830,000$830,000$830,000
40$918,897$874,907$862,042$955,613
41$984,947$890,100$863,243$996,983
42$1,056,862$905,166$863,612$1,038,966
43$1,135,214$920,070$863,095$1,084,016
44$1,220,629$934,777$861,632$1,132,432
45$1,313,800$949,248$859,163$1,184,546
46$1,415,487$963,441$855,625$1,240,723
47$1,526,529$977,311$850,950$1,301,368
48$1,647,846$990,811$845,068$1,366,924
49$1,780,454$1,003,889$837,906$1,437,886
50$1,925,472$1,016,490$829,387$1,514,795
51$2,084,128$1,028,556$819,430$1,598,251
52$2,257,779$1,040,025$807,950$1,688,916
53$2,447,915$1,050,829$794,860$1,787,522
54$2,656,181$1,060,898$780,066$1,894,873
55$2,884,385$1,070,156$763,471$2,011,861
56$3,134,519$1,078,521$744,975$2,139,467
57$3,408,780$1,085,908$724,471$2,278,776
58$3,709,582$1,092,224$701,848$2,430,984
59$4,039,590$1,097,373$676,990$2,597,413
60$4,401,734$1,101,251$649,776$2,779,518
61$4,799,246$1,103,747$620,078$2,978,909
62$5,235,683$1,104,745$587,764$3,197,359
63$5,714,964$1,104,118$552,696$3,436,827
64$6,241,407$1,101,737$514,728$3,699,471
65$6,819,768$1,097,459$473,708$3,987,677
66$7,455,286$1,091,137$429,480$4,304,072
67$8,153,734$1,082,611$381,876$4,651,558
68$8,921,471$1,071,716$330,725$5,033,335
69$9,765,504$1,058,272$275,847$5,452,932
70$10,693,549$1,042,091$217,052$5,914,244
71$11,714,112$1,022,975$154,144$6,421,566
72$12,836,562$1,000,711$86,919$6,979,636
73$14,071,222$975,077$15,161$7,593,678
74$15,429,465$945,834$0$8,269,457
75$16,923,823$912,731$0$9,029,057
76$18,568,102$875,505$0$9,868,925
77$20,377,516$833,872$0$10,792,969
78$22,368,828$787,537$0$11,809,780
79$24,560,507$736,185$0$12,928,828
80$26,972,904$679,484$0$14,160,552
81$29,628,444$617,082$0$15,516,459
82$32,551,833$548,607$0$17,009,233
83$35,770,300$473,668$0$18,652,855
84$39,313,842$391,850$0$20,462,737
85$43,215,517$302,714$0$22,455,866
86$47,511,751$205,797$0$24,650,967
87$52,242,680$100,612$0$27,068,680
88$57,452,533$0$0$29,731,755
89$63,190,046$0$0$32,669,530
90$69,508,922$0$0$35,940,466
91$76,468,338$0$0$39,543,105
92$84,133,503$0$0$43,511,219
93$92,576,276$0$0$47,882,025
94$101,875,838$0$0$52,696,532
95$112,119,444$0$0$57,999,930
96$123,403,244$0$0$63,842,019
97$135,833,192$0$0$70,277,672
98$149,526,043$0$0$77,367,360
99$164,610,458$0$0$85,177,720
100$181,228,215$0$0$93,782,182