Can I retire at age 40 with 834,000?

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 $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%20%
1 years$68,871$68,257$67,659$67,075$66,504$63,840
2 years$34,095$33,460$32,844$32,247$31,669$29,018
3 years$22,504$21,866$21,252$20,661$20,092$17,539
4 years$16,710$16,074$15,466$14,885$14,330$11,893
5 years$13,234$12,602$12,002$11,433$10,893$8,579
6 years$10,918$10,291$9,700$9,143$8,619$6,429
7 years$9,264$8,642$8,061$7,517$7,010$4,943
8 years$8,024$7,408$6,836$6,306$5,815$3,869
9 years$7,060$6,450$5,888$5,371$4,897$3,069
10 years$6,290$5,685$5,133$4,630$4,173$2,459
11 years$5,660$5,061$4,519$4,030$3,589$1,986
12 years$5,135$4,543$4,011$3,535$3,110$1,613
13 years$4,691$4,105$3,583$3,120$2,712$1,316
14 years$4,311$3,732$3,220$2,770$2,377$1,078
15 years$3,982$3,409$2,907$2,470$2,093$886
16 years$3,695$3,128$2,635$2,212$1,850$730
17 years$3,441$2,880$2,398$1,987$1,640$603
18 years$3,216$2,662$2,189$1,791$1,458$498
19 years$3,015$2,467$2,004$1,618$1,300$413
20 years$2,835$2,292$1,839$1,466$1,161$342
21 years$2,671$2,135$1,692$1,330$1,039$284
22 years$2,523$1,993$1,559$1,209$931$236
23 years$2,388$1,864$1,440$1,102$836$196
24 years$2,264$1,746$1,331$1,005$751$163
25 years$2,150$1,639$1,233$918$676$135
26 years$2,045$1,540$1,144$839$609$113
27 years$1,949$1,450$1,062$768$549$94
28 years$1,859$1,366$987$704$496$78
29 years$1,775$1,289$919$645$447$65
30 years$1,698$1,217$856$592$404$54
31 years$1,625$1,151$798$544$366$45
32 years$1,557$1,089$744$500$331$37
33 years$1,494$1,031$695$460$299$31
34 years$1,434$977$649$423$271$26
35 years$1,378$927$607$389$245$22
36 years$1,325$880$568$358$222$18
37 years$1,275$835$532$330$202$15
38 years$1,227$794$498$304$183$13
39 years$1,183$755$466$281$166$10
40 years$1,140$718$437$259$150$9
41 years$1,100$684$410$239$136$7
42 years$1,062$651$385$220$124$6
43 years$1,025$620$361$204$112$5
44 years$991$591$339$188$102$4
45 years$958$564$318$174$93$3
46 years$927$538$299$160$84$3
47 years$897$513$281$148$76$2
48 years$868$490$264$137$69$2
49 years$840$468$248$126$63$2
50 years$814$447$233$117$57$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $834,000, adding $2,544 every year, while hoping to spend $41,031 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: 35/39/26 Blend
39$834,000$834,000$834,000$834,000
40$921,692$877,490$864,563$946,637
41$972,048$876,830$849,869$964,781
42$1,026,165$874,763$833,308$980,445
43$1,084,384$871,176$814,774$996,542
44$1,147,077$865,950$794,155$1,013,138
45$1,214,656$858,959$771,336$1,030,307
46$1,287,572$850,069$746,196$1,048,137
47$1,366,318$839,136$718,609$1,066,726
48$1,451,441$826,012$688,440$1,086,187
49$1,543,537$810,536$655,552$1,106,648
50$1,643,265$792,540$619,800$1,128,256
51$1,751,347$771,843$581,033$1,151,174
52$1,868,578$748,257$539,091$1,175,590
53$1,995,833$721,581$493,810$1,201,714
54$2,134,072$691,603$445,017$1,229,784
55$2,284,354$658,098$392,531$1,260,068
56$2,447,841$620,828$336,164$1,292,866
57$2,625,815$579,542$275,719$1,328,516
58$2,819,682$533,974$210,991$1,367,399
59$3,030,995$483,844$141,764$1,409,940
60$3,261,458$428,854$67,814$1,456,614
61$3,512,949$368,690$0$1,507,956
62$3,787,536$303,022$0$1,567,640
63$4,087,492$231,498$0$1,653,531
64$4,415,323$153,748$0$1,747,609
65$4,773,787$69,382$0$1,850,778
66$5,165,919$0$0$1,964,039
67$5,595,063$0$0$2,097,949
68$6,064,899$0$0$2,277,273
69$6,579,481$0$0$2,473,796
70$7,143,274$0$0$2,689,238
71$7,761,193$0$0$2,925,492
72$8,438,653$0$0$3,184,647
73$9,181,617$0$0$3,468,998
74$9,996,654$0$0$3,781,079
75$10,890,997$0$0$4,123,676
76$11,872,616$0$0$4,499,862
77$12,950,288$0$0$4,913,019
78$14,133,683$0$0$5,366,874
79$15,433,451$0$0$5,865,533
80$16,861,328$0$0$6,413,520
81$18,430,238$0$0$7,015,817
82$20,154,422$0$0$7,677,914
83$22,049,568$0$0$8,405,859
84$24,132,960$0$0$9,206,315
85$26,423,640$0$0$10,086,625
86$28,942,586$0$0$11,054,876
87$31,712,912$0$0$12,119,980
88$34,760,085$0$0$13,291,756
89$38,112,161$0$0$14,581,023
90$41,800,056$0$0$15,999,700
91$45,857,830$0$0$17,560,923
92$50,323,013$0$0$19,279,161
93$55,236,957$0$0$21,170,361
94$60,645,225$0$0$23,252,092
95$66,598,020$0$0$25,543,714
96$73,150,660$0$0$28,066,558
97$80,364,099$0$0$30,844,130
98$88,305,498$0$0$33,902,330
99$97,048,864$0$0$37,269,698
100$106,675,744$0$0$40,977,681