Can I retire at age 40 with 832,000?

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 $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%19.1%
1 years$68,706$68,094$67,497$66,914$66,345$63,915
2 years$34,013$33,379$32,765$32,170$31,593$29,171
3 years$22,450$21,814$21,201$20,612$20,044$17,707
4 years$16,670$16,035$15,429$14,850$14,295$12,062
5 years$13,202$12,572$11,974$11,406$10,867$8,742
6 years$10,892$10,266$9,677$9,121$8,599$6,584
7 years$9,242$8,621$8,041$7,499$6,993$5,088
8 years$8,005$7,390$6,820$6,291$5,801$4,004
9 years$7,043$6,434$5,874$5,358$4,886$3,194
10 years$6,275$5,672$5,121$4,619$4,163$2,574
11 years$5,646$5,049$4,508$4,020$3,580$2,091
12 years$5,123$4,532$4,001$3,526$3,103$1,708
13 years$4,680$4,095$3,575$3,113$2,705$1,403
14 years$4,301$3,723$3,212$2,763$2,372$1,157
15 years$3,973$3,401$2,900$2,464$2,088$957
16 years$3,686$3,120$2,629$2,207$1,845$793
17 years$3,433$2,873$2,392$1,983$1,636$659
18 years$3,209$2,655$2,184$1,787$1,455$549
19 years$3,008$2,461$1,999$1,614$1,297$457
20 years$2,828$2,287$1,835$1,462$1,158$382
21 years$2,665$2,130$1,688$1,327$1,037$319
22 years$2,517$1,988$1,555$1,207$929$267
23 years$2,382$1,860$1,436$1,099$834$223
24 years$2,258$1,742$1,328$1,002$750$187
25 years$2,145$1,635$1,230$915$675$156
26 years$2,041$1,537$1,141$837$608$131
27 years$1,944$1,446$1,060$766$548$110
28 years$1,854$1,363$985$702$494$92
29 years$1,771$1,286$917$644$446$77
30 years$1,694$1,214$854$591$403$65
31 years$1,621$1,148$796$542$365$54
32 years$1,553$1,086$743$499$330$46
33 years$1,490$1,028$693$458$299$38
34 years$1,430$975$648$422$270$32
35 years$1,374$925$606$388$245$27
36 years$1,321$878$567$358$222$23
37 years$1,272$833$530$330$201$19
38 years$1,224$792$497$304$182$16
39 years$1,180$753$465$280$165$13
40 years$1,137$717$436$258$150$11
41 years$1,097$682$409$238$136$9
42 years$1,059$650$384$220$123$8
43 years$1,023$619$360$203$112$7
44 years$989$590$338$187$102$6
45 years$956$563$317$173$92$5
46 years$924$537$298$160$84$4
47 years$894$512$280$148$76$3
48 years$866$489$263$137$69$3
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 $4,382 every year, while hoping to spend $47,879 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: 54/23/23 Blend
39$832,000$832,000$832,000$832,000
40$921,384$877,288$864,392$965,096
41$964,422$869,332$842,406$987,669
42$1,010,246$859,382$818,079$1,006,873
43$1,059,088$847,289$791,282$1,026,773
44$1,111,205$832,896$761,880$1,047,452
45$1,166,876$816,036$729,731$1,069,001
46$1,226,410$796,534$694,689$1,091,528
47$1,290,142$774,202$656,600$1,115,150
48$1,358,441$748,843$615,301$1,140,002
49$1,431,714$720,248$570,625$1,166,234
50$1,510,403$688,195$522,396$1,194,015
51$1,594,998$652,450$470,429$1,223,536
52$1,686,033$612,765$414,534$1,255,009
53$1,784,096$568,879$354,509$1,288,675
54$1,889,834$520,514$290,145$1,324,801
55$2,003,955$467,377$221,223$1,363,687
56$2,127,240$409,160$147,515$1,405,668
57$2,260,544$345,535$68,783$1,451,118
58$2,404,810$276,156$0$1,500,455
59$2,561,071$200,659$0$1,557,886
60$2,730,468$118,658$0$1,638,447
61$2,914,250$29,747$0$1,725,887
62$3,113,793$0$0$1,820,920
63$3,330,613$0$0$1,941,170
64$3,566,373$0$0$2,080,181
65$3,822,906$0$0$2,231,512
66$4,102,227$0$0$2,396,363
67$4,406,555$0$0$2,576,052
68$4,738,330$0$0$2,772,029
69$5,100,239$0$0$2,985,893
70$5,495,238$0$0$3,219,400
71$5,926,583$0$0$3,474,488
72$6,397,856$0$0$3,753,285
73$6,913,002$0$0$4,058,139
74$7,476,363$0$0$4,391,631
75$8,092,722$0$0$4,756,605
76$8,767,343$0$0$5,156,194
77$9,506,024$0$0$5,593,844
78$10,315,149$0$0$6,073,354
79$11,201,750$0$0$6,598,905
80$12,173,570$0$0$7,175,104
81$13,239,136$0$0$7,807,023
82$14,407,841$0$0$8,500,250
83$15,690,032$0$0$9,260,938
84$17,097,102$0$0$10,095,868
85$18,641,605$0$0$11,012,504
86$20,337,365$0$0$12,019,074
87$22,199,614$0$0$13,124,638
88$24,245,129$0$0$14,339,177
89$26,492,393$0$0$15,673,687
90$28,961,768$0$0$17,140,283
91$31,675,684$0$0$18,752,310
92$34,658,853$0$0$20,524,471
93$37,938,501$0$0$22,472,964
94$41,544,624$0$0$24,615,636
95$45,510,267$0$0$26,972,149
96$49,871,842$0$0$29,564,166
97$54,669,461$0$0$32,415,556
98$59,947,325$0$0$35,552,618
99$65,754,131$0$0$39,004,325
100$72,143,534$0$0$42,802,605