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%14.2%
1 years$69,201$68,585$67,983$67,396$66,823$65,662
2 years$34,258$33,620$33,002$32,402$31,821$30,655
3 years$22,612$21,971$21,354$20,760$20,188$19,054
4 years$16,790$16,151$15,540$14,957$14,398$13,304
5 years$13,298$12,663$12,060$11,488$10,945$9,894
6 years$10,970$10,340$9,746$9,187$8,661$7,654
7 years$9,308$8,684$8,099$7,553$7,044$6,082
8 years$8,063$7,443$6,869$6,336$5,843$4,926
9 years$7,094$6,481$5,916$5,397$4,921$4,047
10 years$6,320$5,712$5,158$4,652$4,193$3,363
11 years$5,687$5,086$4,541$4,049$3,606$2,818
12 years$5,160$4,564$4,030$3,551$3,125$2,378
13 years$4,714$4,125$3,600$3,135$2,725$2,019
14 years$4,332$3,749$3,235$2,783$2,389$1,721
15 years$4,002$3,425$2,921$2,482$2,103$1,473
16 years$3,713$3,143$2,648$2,223$1,859$1,265
17 years$3,458$2,894$2,410$1,997$1,648$1,090
18 years$3,232$2,674$2,200$1,800$1,465$940
19 years$3,030$2,479$2,014$1,626$1,306$813
20 years$2,848$2,303$1,848$1,473$1,167$705
21 years$2,684$2,145$1,700$1,337$1,044$611
22 years$2,535$2,003$1,567$1,215$936$531
23 years$2,399$1,873$1,447$1,107$840$462
24 years$2,275$1,755$1,338$1,009$755$402
25 years$2,160$1,647$1,239$922$679$350
26 years$2,055$1,548$1,149$843$612$305
27 years$1,958$1,457$1,067$772$552$266
28 years$1,868$1,373$992$707$498$232
29 years$1,784$1,295$923$648$450$203
30 years$1,706$1,223$860$595$406$177
31 years$1,633$1,156$802$546$367$155
32 years$1,565$1,094$748$502$332$135
33 years$1,501$1,036$698$462$301$118
34 years$1,441$982$653$425$272$103
35 years$1,384$931$610$391$247$90
36 years$1,331$884$571$360$223$79
37 years$1,281$839$534$332$202$69
38 years$1,233$798$500$306$184$60
39 years$1,188$759$469$282$166$53
40 years$1,146$722$439$260$151$46
41 years$1,105$687$412$240$137$40
42 years$1,067$654$386$222$124$35
43 years$1,030$623$363$204$113$31
44 years$996$594$340$189$102$27
45 years$963$567$320$174$93$24
46 years$931$541$300$161$84$21
47 years$901$516$282$149$77$18
48 years$872$492$265$138$70$16
49 years$845$470$249$127$63$14
50 years$818$449$234$117$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $838,000, adding $5,433 every year, while hoping to spend $54,370 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: 75/17/8 Blend
39$838,000$838,000$838,000$838,000
40$929,080$884,666$871,677$997,227
41$965,997$870,166$843,029$1,028,337
42$1,004,857$853,132$811,599$1,054,978
43$1,045,802$833,384$777,236$1,082,621
44$1,088,983$810,730$739,784$1,111,344
45$1,134,570$784,966$699,077$1,141,235
46$1,182,743$755,877$654,943$1,172,395
47$1,233,702$723,234$607,203$1,204,930
48$1,287,664$686,796$555,668$1,238,963
49$1,344,865$646,310$500,143$1,274,627
50$1,405,566$601,503$440,423$1,312,073
51$1,470,050$552,093$376,293$1,351,466
52$1,538,626$497,776$307,529$1,392,990
53$1,611,634$438,235$233,899$1,436,849
54$1,689,444$373,133$155,159$1,483,271
55$1,772,464$302,113$71,054$1,532,507
56$1,861,139$224,800$0$1,584,837
57$1,955,958$140,798$0$1,642,166
58$2,057,454$49,686$0$1,709,820
59$2,166,217$0$0$1,782,132
60$2,282,888$0$0$1,868,714
61$2,408,174$0$0$1,971,693
62$2,542,852$0$0$2,082,416
63$2,687,771$0$0$2,201,586
64$2,843,868$0$0$2,329,974
65$3,012,167$0$0$2,468,428
66$3,193,796$0$0$2,617,879
67$3,389,996$0$0$2,779,351
68$3,602,126$0$0$2,953,969
69$3,831,683$0$0$3,142,968
70$4,080,313$0$0$3,347,707
71$4,349,824$0$0$3,569,680
72$4,642,204$0$0$3,810,531
73$4,959,641$0$0$4,072,065
74$5,304,540$0$0$4,356,272
75$5,679,549$0$0$4,665,336
76$6,087,577$0$0$5,001,664
77$6,531,829$0$0$5,367,902
78$7,015,829$0$0$5,766,963
79$7,543,456$0$0$6,202,050
80$8,118,979$0$0$6,676,693
81$8,747,098$0$0$7,194,774
82$9,432,985$0$0$7,760,566
83$10,182,332$0$0$8,378,774
84$11,001,410$0$0$9,054,579
85$11,897,118$0$0$9,793,682
86$12,877,057$0$0$10,602,363
87$13,949,591$0$0$11,487,536
88$15,123,935$0$0$12,456,815
89$16,410,234$0$0$13,518,583
90$17,819,660$0$0$14,682,072
91$19,364,519$0$0$15,957,453
92$21,058,361$0$0$17,355,923
93$22,916,114$0$0$18,889,818
94$24,954,216$0$0$20,572,724
95$27,190,775$0$0$22,419,604
96$29,645,737$0$0$24,446,942
97$32,341,072$0$0$26,672,896
98$35,300,983$0$0$29,117,467
99$38,552,130$0$0$31,802,688
100$42,123,883$0$0$34,752,832