Can I retire at age 40 with 833,000?

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 $833,000?

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%
1 years$68,788$68,176$67,578$66,994$66,425$66,117
2 years$34,054$33,419$32,805$32,209$31,631$31,320
3 years$22,477$21,840$21,227$20,637$20,068$19,764
4 years$16,690$16,055$15,448$14,867$14,313$14,018
5 years$13,218$12,587$11,988$11,420$10,880$10,595
6 years$10,905$10,278$9,688$9,132$8,609$8,335
7 years$9,253$8,632$8,051$7,508$7,002$6,737
8 years$8,015$7,399$6,828$6,298$5,808$5,555
9 years$7,052$6,442$5,881$5,365$4,892$4,648
10 years$6,282$5,678$5,127$4,625$4,168$3,935
11 years$5,653$5,055$4,514$4,025$3,584$3,362
12 years$5,129$4,537$4,006$3,530$3,106$2,893
13 years$4,686$4,100$3,579$3,117$2,709$2,506
14 years$4,306$3,727$3,216$2,767$2,374$2,181
15 years$3,978$3,405$2,903$2,467$2,091$1,906
16 years$3,691$3,124$2,632$2,209$1,848$1,673
17 years$3,437$2,877$2,395$1,985$1,638$1,472
18 years$3,213$2,658$2,187$1,789$1,457$1,299
19 years$3,012$2,464$2,002$1,616$1,298$1,149
20 years$2,831$2,289$1,837$1,464$1,160$1,018
21 years$2,668$2,133$1,690$1,329$1,038$904
22 years$2,520$1,991$1,557$1,208$930$804
23 years$2,385$1,862$1,438$1,100$835$716
24 years$2,261$1,744$1,330$1,003$751$638
25 years$2,148$1,637$1,232$916$675$569
26 years$2,043$1,539$1,142$838$608$508
27 years$1,946$1,448$1,061$767$549$454
28 years$1,857$1,364$986$703$495$406
29 years$1,773$1,287$918$644$447$364
30 years$1,696$1,216$855$591$404$326
31 years$1,623$1,149$797$543$365$292
32 years$1,555$1,087$744$499$330$262
33 years$1,492$1,030$694$459$299$235
34 years$1,432$976$649$422$271$211
35 years$1,376$926$606$389$245$189
36 years$1,323$879$567$358$222$170
37 years$1,273$834$531$330$201$152
38 years$1,226$793$497$304$182$137
39 years$1,181$754$466$280$165$123
40 years$1,139$717$437$259$150$111
41 years$1,099$683$409$239$136$99
42 years$1,061$650$384$220$124$89
43 years$1,024$620$360$203$112$80
44 years$990$591$338$188$102$72
45 years$957$563$318$173$92$65
46 years$925$537$298$160$84$58
47 years$895$513$280$148$76$53
48 years$867$490$263$137$69$47
49 years$839$467$248$126$63$42
50 years$813$447$233$117$57$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $833,000, adding $4,793 every year, while hoping to spend $50,557 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: 38/34/28 Blend
39$833,000$833,000$833,000$833,000
40$922,910$878,761$865,849$950,136
41$963,255$868,028$841,063$959,836
42$1,006,020$855,075$813,752$965,331
43$1,051,399$839,739$783,778$970,304
44$1,099,605$821,849$750,997$974,740
45$1,150,867$801,222$715,259$978,629
46$1,205,440$777,667$676,404$981,961
47$1,263,601$750,978$634,270$984,733
48$1,325,653$720,941$588,683$986,945
49$1,391,930$687,327$539,463$988,604
50$1,462,794$649,894$486,423$989,720
51$1,538,647$608,387$429,367$990,314
52$1,619,927$562,535$368,088$990,414
53$1,707,113$512,053$302,373$990,058
54$1,800,734$456,639$231,998$989,293
55$1,901,369$395,974$156,729$988,181
56$2,009,653$329,721$76,324$986,797
57$2,126,283$257,523$0$985,234
58$2,252,026$179,004$0$986,435
59$2,387,725$93,767$0$1,012,214
60$2,534,303$1,392$0$1,039,984
61$2,692,778$0$0$1,070,011
62$2,864,267$0$0$1,139,471
63$3,049,997$0$0$1,215,358
64$3,251,320$0$0$1,297,716
65$3,469,719$0$0$1,387,163
66$3,706,828$0$0$1,484,381
67$3,964,443$0$0$1,590,122
68$4,244,540$0$0$1,705,209
69$4,549,292$0$0$1,830,552
70$4,881,091$0$0$1,967,149
71$5,242,567$0$0$2,116,100
72$5,636,618$0$0$2,278,615
73$6,066,431$0$0$2,456,027
74$6,535,513$0$0$2,649,803
75$7,047,726$0$0$2,861,557
76$7,607,320$0$0$3,093,065
77$8,218,977$0$0$3,346,287
78$8,887,847$0$0$3,623,375
79$9,619,603$0$0$3,926,702
80$10,420,493$0$0$4,258,882
81$11,297,394$0$0$4,622,792
82$12,257,879$0$0$5,021,600
83$13,310,291$0$0$5,458,795
84$14,463,816$0$0$5,938,222
85$15,728,570$0$0$6,464,113
86$17,115,696$0$0$7,041,131
87$18,637,468$0$0$7,674,411
88$20,307,404$0$0$8,369,612
89$22,140,394$0$0$9,132,964
90$24,152,840$0$0$9,971,332
91$26,362,811$0$0$10,892,277
92$28,790,210$0$0$11,904,131
93$31,456,963$0$0$13,016,071
94$34,387,225$0$0$14,238,207
95$37,607,605$0$0$15,581,677
96$41,147,420$0$0$17,058,753
97$45,038,967$0$0$18,682,955
98$49,317,829$0$0$20,469,178
99$54,023,208$0$0$22,433,833
100$59,198,298$0$0$24,595,003