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%11%
1 years$68,871$68,257$67,659$67,075$66,504$66,224
2 years$34,095$33,460$32,844$32,247$31,669$31,386
3 years$22,504$21,866$21,252$20,661$20,092$19,815
4 years$16,710$16,074$15,466$14,885$14,330$14,061
5 years$13,234$12,602$12,002$11,433$10,893$10,634
6 years$10,918$10,291$9,700$9,143$8,619$8,369
7 years$9,264$8,642$8,061$7,517$7,010$6,769
8 years$8,024$7,408$6,836$6,306$5,815$5,584
9 years$7,060$6,450$5,888$5,371$4,897$4,676
10 years$6,290$5,685$5,133$4,630$4,173$3,960
11 years$5,660$5,061$4,519$4,030$3,589$3,385
12 years$5,135$4,543$4,011$3,535$3,110$2,916
13 years$4,691$4,105$3,583$3,120$2,712$2,527
14 years$4,311$3,732$3,220$2,770$2,377$2,201
15 years$3,982$3,409$2,907$2,470$2,093$1,925
16 years$3,695$3,128$2,635$2,212$1,850$1,690
17 years$3,441$2,880$2,398$1,987$1,640$1,488
18 years$3,216$2,662$2,189$1,791$1,458$1,314
19 years$3,015$2,467$2,004$1,618$1,300$1,163
20 years$2,835$2,292$1,839$1,466$1,161$1,031
21 years$2,671$2,135$1,692$1,330$1,039$916
22 years$2,523$1,993$1,559$1,209$931$815
23 years$2,388$1,864$1,440$1,102$836$727
24 years$2,264$1,746$1,331$1,005$751$648
25 years$2,150$1,639$1,233$918$676$579
26 years$2,045$1,540$1,144$839$609$517
27 years$1,949$1,450$1,062$768$549$463
28 years$1,859$1,366$987$704$496$414
29 years$1,775$1,289$919$645$447$371
30 years$1,698$1,217$856$592$404$333
31 years$1,625$1,151$798$544$366$298
32 years$1,557$1,089$744$500$331$268
33 years$1,494$1,031$695$460$299$240
34 years$1,434$977$649$423$271$216
35 years$1,378$927$607$389$245$194
36 years$1,325$880$568$358$222$174
37 years$1,275$835$532$330$202$157
38 years$1,227$794$498$304$183$141
39 years$1,183$755$466$281$166$127
40 years$1,140$718$437$259$150$114
41 years$1,100$684$410$239$136$102
42 years$1,062$651$385$220$124$92
43 years$1,025$620$361$204$112$83
44 years$991$591$339$188$102$75
45 years$958$564$318$174$93$67
46 years$927$538$299$160$84$60
47 years$897$513$281$148$76$54
48 years$868$490$264$137$69$49
49 years$840$468$248$126$63$44
50 years$814$447$233$117$57$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $834,000, adding $3,943 every year, while hoping to spend $32,709 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: 30/48/22 Blend
39$834,000$834,000$834,000$834,000
40$923,135$878,933$866,006$944,403
41$982,493$887,199$860,215$969,262
42$1,046,809$894,773$853,134$992,796
43$1,116,554$901,588$844,685$1,017,433
44$1,192,247$907,570$834,786$1,043,291
45$1,274,457$912,642$823,353$1,070,498
46$1,363,812$916,722$810,295$1,099,200
47$1,461,001$919,721$795,520$1,129,560
48$1,566,783$921,547$778,930$1,161,760
49$1,681,992$922,100$760,421$1,196,002
50$1,807,548$921,276$739,888$1,232,513
51$1,944,461$918,962$717,217$1,271,546
52$2,093,844$915,039$692,293$1,313,382
53$2,256,923$909,382$664,991$1,358,335
54$2,435,045$901,858$635,184$1,406,754
55$2,629,694$892,324$602,738$1,459,028
56$2,842,506$880,631$567,512$1,515,591
57$3,075,279$866,619$529,361$1,576,923
58$3,329,994$850,120$488,131$1,643,560
59$3,608,832$830,955$443,663$1,716,098
60$3,914,197$808,935$395,789$1,795,197
61$4,248,732$783,860$344,335$1,881,591
62$4,615,351$755,518$289,119$1,976,095
63$5,017,263$723,684$229,950$2,079,614
64$5,458,001$688,122$166,631$2,193,152
65$5,941,457$648,580$98,953$2,317,822
66$6,471,918$604,793$26,700$2,454,859
67$7,054,106$556,479$0$2,605,630
68$7,693,221$503,343$0$2,783,485
69$8,394,993$445,071$0$2,985,729
70$9,165,734$381,331$0$3,208,008
71$10,012,395$311,772$0$3,452,444
72$10,942,636$236,026$0$3,721,380
73$11,964,895$153,701$0$4,017,411
74$13,088,466$64,384$0$4,343,401
75$14,323,591$0$0$4,702,514
76$15,681,552$0$0$5,115,342
77$17,174,778$0$0$5,606,830
78$18,816,966$0$0$6,147,496
79$20,623,204$0$0$6,742,327
80$22,610,115$0$0$7,396,815
81$24,796,016$0$0$8,117,014
82$27,201,089$0$0$8,909,594
83$29,847,570$0$0$9,781,903
84$32,759,958$0$0$10,742,039
85$35,965,251$0$0$11,798,924
86$39,493,192$0$0$12,962,389
87$43,376,556$0$0$14,243,266
88$47,651,459$0$0$15,653,493
89$52,357,692$0$0$17,206,221
90$57,539,103$0$0$18,915,943
91$63,244,007$0$0$20,798,631
92$69,525,642$0$0$22,871,879
93$76,442,673$0$0$25,155,081
94$84,059,742$0$0$27,669,603
95$92,448,079$0$0$30,438,989
96$101,686,175$0$0$33,489,187
97$111,860,522$0$0$36,848,786
98$123,066,425$0$0$40,549,290
99$135,408,910$0$0$44,625,417
100$149,003,703$0$0$49,115,421