Can I retire at age 40 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$69,201$68,585$67,983$67,396$66,823$66,070
2 years$34,258$33,620$33,002$32,402$31,821$31,063
3 years$22,612$21,971$21,354$20,760$20,188$19,449
4 years$16,790$16,151$15,540$14,957$14,398$13,683
5 years$13,298$12,663$12,060$11,488$10,945$10,257
6 years$10,970$10,340$9,746$9,187$8,661$7,999
7 years$9,308$8,684$8,099$7,553$7,044$6,409
8 years$8,063$7,443$6,869$6,336$5,843$5,236
9 years$7,094$6,481$5,916$5,397$4,921$4,341
10 years$6,320$5,712$5,158$4,652$4,193$3,640
11 years$5,687$5,086$4,541$4,049$3,606$3,079
12 years$5,160$4,564$4,030$3,551$3,125$2,623
13 years$4,714$4,125$3,600$3,135$2,725$2,249
14 years$4,332$3,749$3,235$2,783$2,389$1,937
15 years$4,002$3,425$2,921$2,482$2,103$1,675
16 years$3,713$3,143$2,648$2,223$1,859$1,453
17 years$3,458$2,894$2,410$1,997$1,648$1,265
18 years$3,232$2,674$2,200$1,800$1,465$1,104
19 years$3,030$2,479$2,014$1,626$1,306$965
20 years$2,848$2,303$1,848$1,473$1,167$845
21 years$2,684$2,145$1,700$1,337$1,044$742
22 years$2,535$2,003$1,567$1,215$936$652
23 years$2,399$1,873$1,447$1,107$840$573
24 years$2,275$1,755$1,338$1,009$755$505
25 years$2,160$1,647$1,239$922$679$445
26 years$2,055$1,548$1,149$843$612$392
27 years$1,958$1,457$1,067$772$552$346
28 years$1,868$1,373$992$707$498$306
29 years$1,784$1,295$923$648$450$270
30 years$1,706$1,223$860$595$406$239
31 years$1,633$1,156$802$546$367$211
32 years$1,565$1,094$748$502$332$187
33 years$1,501$1,036$698$462$301$166
34 years$1,441$982$653$425$272$147
35 years$1,384$931$610$391$247$130
36 years$1,331$884$571$360$223$115
37 years$1,281$839$534$332$202$102
38 years$1,233$798$500$306$184$90
39 years$1,188$759$469$282$166$80
40 years$1,146$722$439$260$151$71
41 years$1,105$687$412$240$137$63
42 years$1,067$654$386$222$124$56
43 years$1,030$623$363$204$113$49
44 years$996$594$340$189$102$44
45 years$963$567$320$174$93$39
46 years$931$541$300$161$84$34
47 years$901$516$282$149$77$31
48 years$872$492$265$138$70$27
49 years$845$470$249$127$63$24
50 years$818$449$234$117$57$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $838,000, adding $3,795 every year, while hoping to spend $35,910 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: 66/12/22 Blend
39$838,000$838,000$838,000$838,000
40$927,391$882,977$869,988$983,152
41$983,776$888,034$860,924$1,026,133
42$1,044,710$892,137$850,354$1,068,661
43$1,110,618$895,198$838,187$1,114,316
44$1,181,967$897,129$824,333$1,163,406
45$1,259,273$897,834$808,694$1,216,272
46$1,343,102$897,211$791,168$1,273,289
47$1,434,076$895,152$771,650$1,334,872
48$1,532,880$891,543$750,028$1,401,480
49$1,640,266$886,261$726,187$1,473,619
50$1,757,063$879,178$700,004$1,551,848
51$1,884,183$870,156$671,353$1,636,782
52$2,022,627$859,052$640,101$1,729,104
53$2,173,500$845,710$606,109$1,829,565
54$2,338,016$829,969$569,233$1,938,996
55$2,517,511$811,655$529,320$2,058,311
56$2,713,456$790,585$486,211$2,188,522
57$2,927,472$766,567$439,743$2,330,745
58$3,161,340$739,395$389,740$2,486,212
59$3,417,024$708,853$336,024$2,656,282
60$3,696,685$674,710$278,404$2,842,455
61$4,002,701$636,725$216,685$3,046,387
62$4,337,692$594,641$150,660$3,269,904
63$4,704,545$548,186$80,115$3,515,021
64$5,106,435$497,074$4,825$3,783,963
65$5,546,862$441,001$0$4,079,184
66$6,029,679$379,647$0$4,421,117
67$6,559,129$312,673$0$4,797,383
68$7,139,889$239,722$0$5,210,202
69$7,777,105$160,416$0$5,663,270
70$8,476,448$74,356$0$6,160,663
71$9,244,167$0$0$6,706,869
72$10,087,141$0$0$7,309,330
73$11,012,951$0$0$7,981,832
74$12,029,946$0$0$8,720,627
75$13,147,325$0$0$9,532,406
76$14,375,223$0$0$10,424,539
77$15,724,802$0$0$11,405,143
78$17,208,362$0$0$12,483,164
79$18,839,455$0$0$13,668,456
80$20,633,007$0$0$14,971,876
81$22,605,468$0$0$16,405,386
82$24,774,958$0$0$17,982,165
83$27,161,443$0$0$19,716,733
84$29,786,923$0$0$21,625,090
85$32,675,634$0$0$23,724,862
86$35,854,284$0$0$26,035,472
87$39,352,295$0$0$28,578,321
88$43,202,092$0$0$31,376,989
89$47,439,398$0$0$34,457,456
90$52,103,575$0$0$37,848,351
91$57,237,998$0$0$41,581,219
92$62,890,457$0$0$45,690,818
93$69,113,613$0$0$50,215,449
94$75,965,494$0$0$55,197,312
95$83,510,039$0$0$60,682,913
96$91,817,704$0$0$66,723,492
97$100,966,124$0$0$73,375,514
98$111,040,849$0$0$80,701,199
99$122,136,144$0$0$88,769,106
100$134,355,887$0$0$97,654,787