Can I retire at age 40 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$68,706$68,094$67,497$66,914$66,345$63,738
2 years$34,013$33,379$32,765$32,170$31,593$28,998
3 years$22,450$21,814$21,201$20,612$20,044$17,543
4 years$16,670$16,035$15,429$14,850$14,295$11,908
5 years$13,202$12,572$11,974$11,406$10,867$8,599
6 years$10,892$10,266$9,677$9,121$8,599$6,451
7 years$9,242$8,621$8,041$7,499$6,993$4,965
8 years$8,005$7,390$6,820$6,291$5,801$3,892
9 years$7,043$6,434$5,874$5,358$4,886$3,091
10 years$6,275$5,672$5,121$4,619$4,163$2,480
11 years$5,646$5,049$4,508$4,020$3,580$2,005
12 years$5,123$4,532$4,001$3,526$3,103$1,631
13 years$4,680$4,095$3,575$3,113$2,705$1,333
14 years$4,301$3,723$3,212$2,763$2,372$1,093
15 years$3,973$3,401$2,900$2,464$2,088$900
16 years$3,686$3,120$2,629$2,207$1,845$742
17 years$3,433$2,873$2,392$1,983$1,636$614
18 years$3,209$2,655$2,184$1,787$1,455$508
19 years$3,008$2,461$1,999$1,614$1,297$421
20 years$2,828$2,287$1,835$1,462$1,158$350
21 years$2,665$2,130$1,688$1,327$1,037$291
22 years$2,517$1,988$1,555$1,207$929$242
23 years$2,382$1,860$1,436$1,099$834$201
24 years$2,258$1,742$1,328$1,002$750$167
25 years$2,145$1,635$1,230$915$675$139
26 years$2,041$1,537$1,141$837$608$116
27 years$1,944$1,446$1,060$766$548$97
28 years$1,854$1,363$985$702$494$81
29 years$1,771$1,286$917$644$446$67
30 years$1,694$1,214$854$591$403$56
31 years$1,621$1,148$796$542$365$47
32 years$1,553$1,086$743$499$330$39
33 years$1,490$1,028$693$458$299$33
34 years$1,430$975$648$422$270$27
35 years$1,374$925$606$388$245$23
36 years$1,321$878$567$358$222$19
37 years$1,272$833$530$330$201$16
38 years$1,224$792$497$304$182$13
39 years$1,180$753$465$280$165$11
40 years$1,137$717$436$258$150$9
41 years$1,097$682$409$238$136$8
42 years$1,059$650$384$220$123$6
43 years$1,023$619$360$203$112$5
44 years$989$590$338$187$102$4
45 years$956$563$317$173$92$4
46 years$924$537$298$160$84$3
47 years$894$512$280$148$76$3
48 years$866$489$263$137$69$2
49 years$838$467$247$126$63$2
50 years$812$446$232$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $832,000, adding $4,519 every year, while hoping to spend $50,813 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: 71/5/24 Blend
39$832,000$832,000$832,000$832,000
40$921,525$877,429$864,533$981,093
41$961,456$866,359$839,431$1,010,398
42$1,003,757$853,043$811,784$1,036,080
43$1,048,616$837,317$781,454$1,062,977
44$1,096,239$819,010$748,297$1,091,203
45$1,146,849$797,936$712,159$1,120,888
46$1,200,695$773,901$672,883$1,152,175
47$1,258,043$746,700$630,302$1,185,222
48$1,319,190$716,115$584,244$1,220,206
49$1,384,458$681,915$534,527$1,257,323
50$1,454,201$643,857$480,961$1,296,789
51$1,528,806$601,682$423,350$1,338,847
52$1,608,698$555,119$361,487$1,383,762
53$1,694,344$503,879$295,155$1,431,831
54$1,786,255$447,657$224,131$1,483,383
55$1,884,993$386,131$148,178$1,538,782
56$1,991,172$318,962$67,053$1,598,432
57$2,105,470$245,789$0$1,662,778
58$2,228,629$166,234$0$1,737,317
59$2,361,465$79,895$0$1,836,246
60$2,504,874$0$0$1,943,054
61$2,659,840$0$0$2,059,239
62$2,827,447$0$0$2,189,688
63$3,008,883$0$0$2,330,937
64$3,205,456$0$0$2,484,006
65$3,418,604$0$0$2,650,021
66$3,649,908$0$0$2,830,218
67$3,901,107$0$0$3,025,957
68$4,174,114$0$0$3,238,733
69$4,471,033$0$0$3,470,193
70$4,794,180$0$0$3,722,146
71$5,146,101$0$0$3,996,585
72$5,529,600$0$0$4,295,703
73$5,947,762$0$0$4,621,912
74$6,403,981$0$0$4,977,868
75$6,901,996$0$0$5,366,493
76$7,445,920$0$0$5,791,007
77$8,040,282$0$0$6,254,950
78$8,690,067$0$0$6,762,223
79$9,400,765$0$0$7,317,120
80$10,178,420$0$0$7,924,369
81$11,029,687$0$0$8,589,175
82$11,961,895$0$0$9,317,272
83$12,983,115$0$0$10,114,974
84$14,102,234$0$0$10,989,231
85$15,329,040$0$0$11,947,703
86$16,674,315$0$0$12,998,823
87$18,149,932$0$0$14,151,879
88$19,768,969$0$0$15,417,102
89$21,545,831$0$0$16,805,763
90$23,496,387$0$0$18,330,275
91$25,638,116$0$0$20,004,313
92$27,990,271$0$0$21,842,939
93$30,574,064$0$0$23,862,748
94$33,412,861$0$0$26,082,021
95$36,532,402$0$0$28,520,895
96$39,961,046$0$0$31,201,557
97$43,730,036$0$0$34,148,450
98$47,873,792$0$0$37,388,503
99$52,430,234$0$0$40,951,384
100$57,441,142$0$0$44,869,780