Can I retire at age 40 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$68,623$68,012$67,416$66,833$66,265$64,350
2 years$33,972$33,339$32,726$32,131$31,555$29,641
3 years$22,423$21,788$21,176$20,587$20,020$18,167
4 years$16,650$16,016$15,411$14,832$14,278$12,500
5 years$13,187$12,557$11,959$11,392$10,854$9,156
6 years$10,879$10,254$9,665$9,110$8,588$6,972
7 years$9,231$8,611$8,032$7,490$6,985$5,450
8 years$7,995$7,381$6,811$6,283$5,794$4,340
9 years$7,035$6,427$5,867$5,352$4,880$3,504
10 years$6,267$5,665$5,115$4,613$4,158$2,860
11 years$5,639$5,043$4,503$4,015$3,576$2,353
12 years$5,117$4,526$3,996$3,522$3,099$1,948
13 years$4,674$4,090$3,570$3,109$2,702$1,622
14 years$4,296$3,718$3,208$2,760$2,369$1,356
15 years$3,968$3,397$2,896$2,461$2,086$1,137
16 years$3,682$3,116$2,626$2,204$1,843$957
17 years$3,429$2,870$2,390$1,980$1,634$807
18 years$3,205$2,652$2,181$1,785$1,453$682
19 years$3,004$2,458$1,997$1,613$1,295$577
20 years$2,824$2,284$1,833$1,460$1,157$489
21 years$2,662$2,127$1,686$1,325$1,035$415
22 years$2,514$1,986$1,554$1,205$928$352
23 years$2,379$1,857$1,435$1,098$833$300
24 years$2,256$1,740$1,327$1,001$749$255
25 years$2,142$1,633$1,229$914$674$217
26 years$2,038$1,535$1,140$836$607$185
27 years$1,942$1,444$1,058$765$547$157
28 years$1,852$1,361$984$701$494$134
29 years$1,769$1,284$915$643$446$114
30 years$1,692$1,213$853$590$403$97
31 years$1,619$1,146$795$542$364$83
32 years$1,552$1,085$742$498$329$71
33 years$1,488$1,027$693$458$298$60
34 years$1,429$974$647$421$270$52
35 years$1,373$923$605$388$244$44
36 years$1,320$876$566$357$222$38
37 years$1,270$832$530$329$201$32
38 years$1,223$791$496$303$182$27
39 years$1,178$752$465$280$165$23
40 years$1,136$716$436$258$150$20
41 years$1,096$681$408$238$136$17
42 years$1,058$649$383$220$123$15
43 years$1,022$618$360$203$112$12
44 years$987$589$337$187$102$11
45 years$955$562$317$173$92$9
46 years$923$536$298$160$84$8
47 years$893$512$280$148$76$7
48 years$865$488$263$136$69$6
49 years$837$466$247$126$63$5
50 years$811$445$232$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $831,000, adding $3,678 every year, while hoping to spend $22,263 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: 51/20/29 Blend
39$831,000$831,000$831,000$831,000
40$919,556$875,513$862,632$958,764
41$989,663$894,725$867,843$1,005,724
42$1,066,175$914,133$872,482$1,054,240
43$1,149,721$933,722$876,506$1,106,566
44$1,240,995$953,477$879,872$1,163,074
45$1,340,760$973,381$882,531$1,224,176
46$1,449,857$993,416$884,435$1,290,324
47$1,569,210$1,013,561$885,531$1,362,021
48$1,699,838$1,033,794$885,766$1,439,816
49$1,842,864$1,054,092$885,081$1,524,318
50$1,999,521$1,074,428$883,416$1,616,199
51$2,171,171$1,094,774$880,710$1,716,198
52$2,359,313$1,115,100$876,895$1,825,131
53$2,565,595$1,135,372$871,903$1,943,897
54$2,791,835$1,155,554$865,662$2,073,490
55$3,040,035$1,175,609$858,094$2,215,003
56$3,312,399$1,195,495$849,121$2,369,642
57$3,611,357$1,215,167$838,660$2,538,739
58$3,939,582$1,234,578$826,622$2,723,760
59$4,300,023$1,253,675$812,917$2,926,324
60$4,695,924$1,272,404$797,449$3,148,215
61$5,130,862$1,290,706$780,117$3,391,401
62$5,608,777$1,308,517$760,817$3,658,050
63$6,134,007$1,325,770$739,440$3,950,555
64$6,711,335$1,342,391$715,871$4,271,554
65$7,346,028$1,358,305$689,989$4,623,954
66$8,043,888$1,373,428$661,669$5,010,963
67$8,811,310$1,387,671$630,780$5,436,116
68$9,655,338$1,400,941$597,186$5,903,311
69$10,583,733$1,413,138$560,742$6,416,847
70$11,605,046$1,424,154$521,299$6,981,462
71$12,728,699$1,433,875$478,701$7,602,381
72$13,965,073$1,442,181$432,783$8,285,363
73$15,325,605$1,448,943$383,376$9,036,760
74$16,822,898$1,454,023$330,301$9,863,571
75$18,470,839$1,457,275$273,371$10,773,514
76$20,284,727$1,458,545$212,392$11,775,100
77$22,281,424$1,457,667$147,161$12,877,706
78$24,479,504$1,454,468$77,466$14,091,674
79$26,899,438$1,448,762$3,086$15,428,404
80$29,563,780$1,440,351$0$16,900,460
81$32,497,384$1,429,026$0$18,545,301
82$35,727,636$1,414,567$0$20,357,145
83$39,284,713$1,396,739$0$22,351,946
84$43,201,866$1,375,291$0$24,548,338
85$47,515,737$1,349,962$0$26,966,860
86$52,266,703$1,320,470$0$29,630,144
87$57,499,254$1,286,521$0$32,563,133
88$63,262,419$1,247,801$0$35,793,314
89$69,610,220$1,203,978$0$39,350,979
90$76,602,191$1,154,701$0$43,269,514
91$84,303,932$1,099,599$0$47,585,708
92$92,787,733$1,038,280$0$52,340,106
93$102,133,253$970,326$0$57,577,391
94$112,428,273$895,300$0$63,346,803
95$123,769,523$812,737$0$69,702,610
96$136,263,599$722,145$0$76,704,616
97$150,027,962$623,007$0$84,418,727
98$165,192,053$514,773$0$92,917,575
99$181,898,510$396,864$0$102,281,203
100$200,304,517$268,670$0$112,597,823