Can I retire at age 40 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$69,119$68,503$67,902$67,316$66,744$64,555
2 years$34,217$33,580$32,962$32,363$31,783$29,599
3 years$22,585$21,945$21,329$20,736$20,164$18,054
4 years$16,770$16,132$15,522$14,939$14,381$12,360
5 years$13,282$12,648$12,046$11,474$10,932$9,006
6 years$10,957$10,328$9,735$9,176$8,650$6,820
7 years$9,297$8,673$8,090$7,544$7,035$5,301
8 years$8,053$7,434$6,861$6,329$5,836$4,196
9 years$7,086$6,473$5,909$5,391$4,915$3,368
10 years$6,312$5,706$5,152$4,647$4,188$2,731
11 years$5,680$5,079$4,535$4,044$3,602$2,233
12 years$5,153$4,559$4,025$3,547$3,121$1,837
13 years$4,708$4,120$3,596$3,132$2,722$1,519
14 years$4,327$3,745$3,231$2,780$2,386$1,261
15 years$3,997$3,421$2,917$2,479$2,101$1,050
16 years$3,708$3,139$2,645$2,220$1,857$877
17 years$3,454$2,891$2,407$1,995$1,646$734
18 years$3,228$2,671$2,197$1,797$1,464$616
19 years$3,026$2,476$2,011$1,624$1,305$517
20 years$2,845$2,300$1,846$1,471$1,165$435
21 years$2,681$2,143$1,698$1,335$1,043$366
22 years$2,532$2,000$1,565$1,214$935$309
23 years$2,396$1,871$1,445$1,105$839$260
24 years$2,272$1,753$1,336$1,008$754$220
25 years$2,158$1,645$1,238$921$679$185
26 years$2,053$1,546$1,148$842$611$157
27 years$1,956$1,455$1,066$771$551$132
28 years$1,865$1,371$991$706$497$112
29 years$1,782$1,293$922$647$449$95
30 years$1,704$1,221$859$594$406$80
31 years$1,631$1,155$801$546$367$68
32 years$1,563$1,093$747$502$332$57
33 years$1,499$1,035$698$461$300$48
34 years$1,439$981$652$424$272$41
35 years$1,383$930$609$391$246$35
36 years$1,329$883$570$360$223$29
37 years$1,279$838$534$331$202$25
38 years$1,232$797$500$306$183$21
39 years$1,187$758$468$282$166$18
40 years$1,144$721$439$260$151$15
41 years$1,104$686$411$240$137$13
42 years$1,066$654$386$221$124$11
43 years$1,029$623$362$204$113$9
44 years$994$594$340$189$102$8
45 years$961$566$319$174$93$7
46 years$930$540$300$161$84$6
47 years$900$515$282$149$77$5
48 years$871$492$265$137$70$4
49 years$844$470$249$127$63$3
50 years$817$449$234$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $837,000, adding $3,013 every year, while hoping to spend $36,930 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: 79/7/14 Blend
39$837,000$837,000$837,000$837,000
40$925,482$881,121$868,147$995,743
41$980,588$885,003$857,937$1,046,286
42$1,040,077$887,837$846,147$1,096,688
43$1,104,357$889,533$832,685$1,150,939
44$1,173,877$889,996$817,456$1,209,409
45$1,249,129$889,122$800,357$1,272,504
46$1,330,656$886,805$781,285$1,340,675
47$1,419,053$882,929$760,128$1,414,414
48$1,514,976$877,372$736,772$1,494,267
49$1,619,145$870,005$711,096$1,580,835
50$1,732,354$860,690$682,973$1,674,780
51$1,855,473$849,283$652,271$1,776,830
52$1,989,462$835,629$618,854$1,887,791
53$2,135,378$819,565$582,576$2,008,547
54$2,294,381$800,919$543,287$2,140,078
55$2,467,750$779,506$500,829$2,283,458
56$2,656,892$755,133$455,038$2,439,875
57$2,863,355$727,595$405,742$2,610,638
58$3,088,845$696,675$352,762$2,797,189
59$3,335,237$662,142$295,910$3,001,118
60$3,604,599$623,755$234,991$3,224,178
61$3,899,204$581,255$169,799$3,468,300
62$4,221,558$534,371$100,122$3,735,614
63$4,574,417$482,816$25,737$4,028,469
64$4,960,820$426,286$0$4,349,451
65$5,384,109$364,460$0$4,709,429
66$5,847,969$296,999$0$5,108,156
67$6,356,455$223,544$0$5,545,290
68$6,914,034$143,719$0$6,024,690
69$7,525,626$57,122$0$6,550,611
70$8,196,652$0$0$7,127,740
71$8,933,079$0$0$7,764,066
72$9,741,484$0$0$8,467,440
73$10,629,108$0$0$9,239,770
74$11,603,931$0$0$10,087,999
75$12,674,742$0$0$11,019,780
76$13,851,223$0$0$12,043,540
77$15,144,039$0$0$13,168,566
78$16,564,943$0$0$14,405,088
79$18,126,880$0$0$15,764,374
80$19,844,112$0$0$17,258,841
81$21,732,353$0$0$18,902,169
82$23,808,915$0$0$20,709,428
83$26,092,871$0$0$22,697,224
84$28,605,238$0$0$24,883,851
85$31,369,170$0$0$27,289,467
86$34,410,178$0$0$29,936,280
87$37,756,371$0$0$32,848,763
88$41,438,721$0$0$36,053,876
89$45,491,354$0$0$39,581,329
90$49,951,870$0$0$43,463,855
91$54,861,702$0$0$47,737,524
92$60,266,501$0$0$52,442,079
93$66,216,570$0$0$57,621,311
94$72,767,337$0$0$63,323,474
95$79,979,877$0$0$69,601,739
96$87,921,491$0$0$76,514,693
97$96,666,334$0$0$84,126,897
98$106,296,122$0$0$92,509,488
99$116,900,897$0$0$101,740,855
100$128,579,881$0$0$111,907,377