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%16.7%
1 years$68,706$68,094$67,497$66,914$66,345$64,532
2 years$34,013$33,379$32,765$32,170$31,593$29,779
3 years$22,450$21,814$21,201$20,612$20,044$18,287
4 years$16,670$16,035$15,429$14,850$14,295$12,608
5 years$13,202$12,572$11,974$11,406$10,867$9,255
6 years$10,892$10,266$9,677$9,121$8,599$7,062
7 years$9,242$8,621$8,041$7,499$6,993$5,533
8 years$8,005$7,390$6,820$6,291$5,801$4,417
9 years$7,043$6,434$5,874$5,358$4,886$3,575
10 years$6,275$5,672$5,121$4,619$4,163$2,925
11 years$5,646$5,049$4,508$4,020$3,580$2,412
12 years$5,123$4,532$4,001$3,526$3,103$2,003
13 years$4,680$4,095$3,575$3,113$2,705$1,672
14 years$4,301$3,723$3,212$2,763$2,372$1,402
15 years$3,973$3,401$2,900$2,464$2,088$1,179
16 years$3,686$3,120$2,629$2,207$1,845$995
17 years$3,433$2,873$2,392$1,983$1,636$841
18 years$3,209$2,655$2,184$1,787$1,455$713
19 years$3,008$2,461$1,999$1,614$1,297$605
20 years$2,828$2,287$1,835$1,462$1,158$514
21 years$2,665$2,130$1,688$1,327$1,037$438
22 years$2,517$1,988$1,555$1,207$929$373
23 years$2,382$1,860$1,436$1,099$834$318
24 years$2,258$1,742$1,328$1,002$750$271
25 years$2,145$1,635$1,230$915$675$232
26 years$2,041$1,537$1,141$837$608$198
27 years$1,944$1,446$1,060$766$548$169
28 years$1,854$1,363$985$702$494$145
29 years$1,771$1,286$917$644$446$124
30 years$1,694$1,214$854$591$403$106
31 years$1,621$1,148$796$542$365$91
32 years$1,553$1,086$743$499$330$78
33 years$1,490$1,028$693$458$299$66
34 years$1,430$975$648$422$270$57
35 years$1,374$925$606$388$245$49
36 years$1,321$878$567$358$222$42
37 years$1,272$833$530$330$201$36
38 years$1,224$792$497$304$182$31
39 years$1,180$753$465$280$165$26
40 years$1,137$717$436$258$150$22
41 years$1,097$682$409$238$136$19
42 years$1,059$650$384$220$123$16
43 years$1,023$619$360$203$112$14
44 years$989$590$338$187$102$12
45 years$956$563$317$173$92$10
46 years$924$537$298$160$84$9
47 years$894$512$280$148$76$8
48 years$866$489$263$137$69$7
49 years$838$467$247$126$63$6
50 years$812$446$232$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $832,000, adding $3,999 every year, while hoping to spend $37,784 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: 66/18/16 Blend
39$832,000$832,000$832,000$832,000
40$920,989$876,893$863,997$977,963
41$974,728$879,659$852,739$1,019,322
42$1,032,682$881,294$839,837$1,059,751
43$1,095,241$881,703$825,198$1,103,015
44$1,162,834$880,784$808,720$1,149,388
45$1,235,931$878,431$790,300$1,199,176
46$1,315,051$874,529$769,830$1,252,716
47$1,400,762$868,957$747,195$1,310,381
48$1,493,690$861,586$722,277$1,372,582
49$1,594,523$852,281$694,950$1,439,772
50$1,704,019$840,897$665,085$1,512,455
51$1,823,009$827,281$632,545$1,591,183
52$1,952,409$811,271$597,189$1,676,570
53$2,093,227$792,695$558,867$1,769,290
54$2,246,570$771,372$517,423$1,870,091
55$2,413,660$747,108$472,696$1,979,795
56$2,595,838$719,701$424,516$2,099,314
57$2,794,582$688,934$372,706$2,229,652
58$3,011,517$654,580$317,079$2,371,918
59$3,248,434$616,397$257,444$2,527,336
60$3,507,304$574,130$193,598$2,697,259
61$3,790,295$527,509$125,330$2,883,179
62$4,099,797$476,249$52,420$3,086,742
63$4,438,440$420,048$0$3,309,768
64$4,809,118$358,588$0$3,558,596
65$5,215,021$291,532$0$3,840,939
66$5,659,661$218,524$0$4,150,326
67$6,146,904$139,190$0$4,489,497
68$6,681,010$53,132$0$4,861,475
69$7,266,668$0$0$5,269,593
70$7,909,046$0$0$5,725,461
71$8,613,834$0$0$6,237,218
72$9,387,299$0$0$6,798,899
73$10,236,346$0$0$7,415,525
74$11,168,578$0$0$8,092,624
75$12,192,375$0$0$8,836,291
76$13,316,963$0$0$9,653,236
77$14,552,511$0$0$10,550,851
78$15,910,216$0$0$11,537,283
79$17,402,418$0$0$12,621,503
80$19,042,709$0$0$13,813,398
81$20,846,065$0$0$15,123,857
82$22,828,984$0$0$16,564,880
83$25,009,646$0$0$18,149,687
84$27,408,076$0$0$19,892,843
85$30,046,340$0$0$21,810,395
86$32,948,750$0$0$23,920,025
87$36,142,094$0$0$26,241,213
88$39,655,884$0$0$28,795,425
89$43,522,641$0$0$31,606,311
90$47,778,196$0$0$34,699,931
91$52,462,028$0$0$38,104,998
92$57,617,642$0$0$41,853,150
93$63,292,969$0$0$45,979,250
94$69,540,826$0$0$50,521,710
95$76,419,413$0$0$55,522,856
96$83,992,856$0$0$61,029,330
97$92,331,818$0$0$67,092,522
98$101,514,162$0$0$73,769,064
99$111,625,688$0$0$81,121,356
100$122,760,937$0$0$89,218,159