Can I retire at age 40 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$68,871$68,257$67,659$67,075$66,504$64,401
2 years$34,095$33,460$32,844$32,247$31,669$29,569
3 years$22,504$21,866$21,252$20,661$20,092$18,061
4 years$16,710$16,074$15,466$14,885$14,330$12,384
5 years$13,234$12,602$12,002$11,433$10,893$9,037
6 years$10,918$10,291$9,700$9,143$8,619$6,855
7 years$9,264$8,642$8,061$7,517$7,010$5,337
8 years$8,024$7,408$6,836$6,306$5,815$4,233
9 years$7,060$6,450$5,888$5,371$4,897$3,403
10 years$6,290$5,685$5,133$4,630$4,173$2,765
11 years$5,660$5,061$4,519$4,030$3,589$2,265
12 years$5,135$4,543$4,011$3,535$3,110$1,867
13 years$4,691$4,105$3,583$3,120$2,712$1,547
14 years$4,311$3,732$3,220$2,770$2,377$1,287
15 years$3,982$3,409$2,907$2,470$2,093$1,074
16 years$3,695$3,128$2,635$2,212$1,850$899
17 years$3,441$2,880$2,398$1,987$1,640$754
18 years$3,216$2,662$2,189$1,791$1,458$634
19 years$3,015$2,467$2,004$1,618$1,300$534
20 years$2,835$2,292$1,839$1,466$1,161$450
21 years$2,671$2,135$1,692$1,330$1,039$380
22 years$2,523$1,993$1,559$1,209$931$321
23 years$2,388$1,864$1,440$1,102$836$271
24 years$2,264$1,746$1,331$1,005$751$229
25 years$2,150$1,639$1,233$918$676$194
26 years$2,045$1,540$1,144$839$609$164
27 years$1,949$1,450$1,062$768$549$139
28 years$1,859$1,366$987$704$496$118
29 years$1,775$1,289$919$645$447$100
30 years$1,698$1,217$856$592$404$85
31 years$1,625$1,151$798$544$366$72
32 years$1,557$1,089$744$500$331$61
33 years$1,494$1,031$695$460$299$52
34 years$1,434$977$649$423$271$44
35 years$1,378$927$607$389$245$37
36 years$1,325$880$568$358$222$32
37 years$1,275$835$532$330$202$27
38 years$1,227$794$498$304$183$23
39 years$1,183$755$466$281$166$19
40 years$1,140$718$437$259$150$16
41 years$1,100$684$410$239$136$14
42 years$1,062$651$385$220$124$12
43 years$1,025$620$361$204$112$10
44 years$991$591$339$188$102$8
45 years$958$564$318$174$93$7
46 years$927$538$299$160$84$6
47 years$897$513$281$148$76$5
48 years$868$490$264$137$69$4
49 years$840$468$248$126$63$4
50 years$814$447$233$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $834,000, adding $4,457 every year, while hoping to spend $48,740 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: 63/23/14 Blend
39$834,000$834,000$834,000$834,000
40$923,665$879,463$866,536$978,462
41$966,020$870,698$843,706$1,006,979
42$1,011,062$859,870$818,478$1,032,117
43$1,059,013$846,826$790,719$1,058,379
44$1,110,116$831,405$760,293$1,085,875
45$1,164,640$813,435$727,054$1,114,727
46$1,222,875$792,736$690,853$1,145,074
47$1,285,143$769,114$651,531$1,177,068
48$1,351,794$742,368$608,924$1,210,882
49$1,423,215$712,281$562,860$1,246,705
50$1,499,826$678,627$513,160$1,284,750
51$1,582,093$641,164$459,635$1,325,255
52$1,670,523$599,637$402,090$1,368,482
53$1,765,675$553,778$340,319$1,414,724
54$1,868,163$503,302$274,108$1,464,309
55$1,978,660$447,908$203,235$1,517,599
56$2,097,906$387,278$127,466$1,574,998
57$2,226,713$321,076$46,557$1,636,953
58$2,365,976$248,947$0$1,703,963
59$2,516,676$170,516$0$1,782,525
60$2,679,892$85,386$0$1,875,116
61$2,856,812$0$0$1,975,499
62$3,048,740$0$0$2,086,207
63$3,257,112$0$0$2,229,913
64$3,483,505$0$0$2,386,101
65$3,729,657$0$0$2,555,976
66$3,997,478$0$0$2,740,861
67$4,289,069$0$0$2,942,217
68$4,606,744$0$0$3,161,648
69$4,953,048$0$0$3,400,919
70$5,330,782$0$0$3,661,974
71$5,743,030$0$0$3,946,953
72$6,193,184$0$0$4,258,211
73$6,684,982$0$0$4,598,340
74$7,222,536$0$0$4,970,195
75$7,810,375$0$0$5,376,918
76$8,453,484$0$0$5,821,970
77$9,157,353$0$0$6,309,159
78$9,928,028$0$0$6,842,683
79$10,772,166$0$0$7,427,160
80$11,697,097$0$0$8,067,680
81$12,710,896$0$0$8,769,846
82$13,822,454$0$0$9,539,829
83$15,041,564$0$0$10,384,427
84$16,379,015$0$0$11,311,129
85$17,846,686$0$0$12,328,179
86$19,457,666$0$0$13,444,663
87$21,226,371$0$0$14,670,587
88$23,168,680$0$0$16,016,975
89$25,302,086$0$0$17,495,968
90$27,645,862$0$0$19,120,945
91$30,221,236$0$0$20,906,641
92$33,051,597$0$0$22,869,292
93$36,162,710$0$0$25,026,784
94$39,582,961$0$0$27,398,823
95$43,343,625$0$0$30,007,117
96$47,479,158$0$0$32,875,586
97$52,027,522$0$0$36,030,584
98$57,030,541$0$0$39,501,143
99$62,534,299$0$0$43,319,257
100$68,589,570$0$0$47,520,171