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%11%
1 years$68,623$68,012$67,416$66,833$66,265$65,986
2 years$33,972$33,339$32,726$32,131$31,555$31,273
3 years$22,423$21,788$21,176$20,587$20,020$19,744
4 years$16,650$16,016$15,411$14,832$14,278$14,011
5 years$13,187$12,557$11,959$11,392$10,854$10,595
6 years$10,879$10,254$9,665$9,110$8,588$8,339
7 years$9,231$8,611$8,032$7,490$6,985$6,745
8 years$7,995$7,381$6,811$6,283$5,794$5,564
9 years$7,035$6,427$5,867$5,352$4,880$4,659
10 years$6,267$5,665$5,115$4,613$4,158$3,946
11 years$5,639$5,043$4,503$4,015$3,576$3,373
12 years$5,117$4,526$3,996$3,522$3,099$2,905
13 years$4,674$4,090$3,570$3,109$2,702$2,517
14 years$4,296$3,718$3,208$2,760$2,369$2,193
15 years$3,968$3,397$2,896$2,461$2,086$1,918
16 years$3,682$3,116$2,626$2,204$1,843$1,684
17 years$3,429$2,870$2,390$1,980$1,634$1,483
18 years$3,205$2,652$2,181$1,785$1,453$1,309
19 years$3,004$2,458$1,997$1,613$1,295$1,159
20 years$2,824$2,284$1,833$1,460$1,157$1,028
21 years$2,662$2,127$1,686$1,325$1,035$913
22 years$2,514$1,986$1,554$1,205$928$812
23 years$2,379$1,857$1,435$1,098$833$724
24 years$2,256$1,740$1,327$1,001$749$646
25 years$2,142$1,633$1,229$914$674$577
26 years$2,038$1,535$1,140$836$607$516
27 years$1,942$1,444$1,058$765$547$461
28 years$1,852$1,361$984$701$494$413
29 years$1,769$1,284$915$643$446$370
30 years$1,692$1,213$853$590$403$332
31 years$1,619$1,146$795$542$364$297
32 years$1,552$1,085$742$498$329$267
33 years$1,488$1,027$693$458$298$239
34 years$1,429$974$647$421$270$215
35 years$1,373$923$605$388$244$193
36 years$1,320$876$566$357$222$174
37 years$1,270$832$530$329$201$156
38 years$1,223$791$496$303$182$140
39 years$1,178$752$465$280$165$126
40 years$1,136$716$436$258$150$113
41 years$1,096$681$408$238$136$102
42 years$1,058$649$383$220$123$92
43 years$1,022$618$360$203$112$83
44 years$987$589$337$187$102$74
45 years$955$562$317$173$92$67
46 years$923$536$298$160$84$60
47 years$893$512$280$148$76$54
48 years$865$488$263$136$69$49
49 years$837$466$247$126$63$44
50 years$811$445$232$116$57$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $831,000, adding $2,355 every year, while hoping to spend $57,163 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: 42/36/22 Blend
39$831,000$831,000$831,000$831,000
40$918,191$874,148$861,268$950,751
41$951,026$856,160$829,299$956,178
42$985,293$835,375$794,344$956,371
43$1,021,080$811,596$756,241$955,425
44$1,058,479$784,612$714,824$953,266
45$1,097,590$754,204$669,916$949,817
46$1,138,521$720,137$621,335$944,997
47$1,181,390$682,164$568,890$938,726
48$1,226,323$640,022$512,380$930,916
49$1,273,460$593,434$451,596$921,481
50$1,322,949$542,109$386,320$910,329
51$1,374,953$485,735$316,326$897,367
52$1,429,649$423,988$241,374$882,499
53$1,487,230$356,519$161,216$865,628
54$1,547,904$282,965$75,593$846,654
55$1,611,899$202,940$0$825,475
56$1,679,465$116,035$0$805,694
57$1,750,871$21,822$0$802,678
58$1,826,414$0$0$798,630
59$1,906,416$0$0$825,270
60$1,991,231$0$0$862,727
61$2,081,243$0$0$902,533
62$2,176,873$0$0$944,881
63$2,278,584$0$0$989,983
64$2,386,878$0$0$1,038,070
65$2,502,309$0$0$1,089,395
66$2,625,480$0$0$1,144,238
67$2,757,055$0$0$1,202,901
68$2,897,760$0$0$1,265,720
69$3,048,390$0$0$1,333,060
70$3,209,819$0$0$1,405,324
71$3,383,004$0$0$1,482,951
72$3,568,997$0$0$1,566,426
73$3,768,949$0$0$1,656,281
74$3,984,128$0$0$1,753,098
75$4,215,924$0$0$1,857,518
76$4,465,864$0$0$1,970,246
77$4,735,625$0$0$2,092,055
78$5,027,050$0$0$2,223,795
79$5,342,165$0$0$2,366,401
80$5,683,195$0$0$2,520,899
81$6,052,589$0$0$2,688,420
82$6,453,037$0$0$2,870,205
83$6,887,498$0$0$3,067,620
84$7,359,225$0$0$3,282,169
85$7,871,799$0$0$3,515,503
86$8,429,156$0$0$3,769,442
87$9,035,628$0$0$4,045,987
88$9,695,982$0$0$4,347,339
89$10,415,461$0$0$4,675,921
90$11,199,837$0$0$5,034,402
91$12,055,463$0$0$5,425,716
92$12,989,329$0$0$5,853,094
93$14,009,133$0$0$6,320,095
94$15,123,346$0$0$6,830,635
95$16,341,294$0$0$7,389,025
96$17,673,248$0$0$8,000,014
97$19,130,513$0$0$8,668,828
98$20,725,538$0$0$9,401,225
99$22,472,033$0$0$10,203,544
100$24,385,094$0$0$11,082,767