Can I retire at age 40 with 838,000?

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 $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%13.3%
1 years$69,201$68,585$67,983$67,396$66,823$65,906
2 years$34,258$33,620$33,002$32,402$31,821$30,898
3 years$22,612$21,971$21,354$20,760$20,188$19,290
4 years$16,790$16,151$15,540$14,957$14,398$13,530
5 years$13,298$12,663$12,060$11,488$10,945$10,110
6 years$10,970$10,340$9,746$9,187$8,661$7,859
7 years$9,308$8,684$8,099$7,553$7,044$6,276
8 years$8,063$7,443$6,869$6,336$5,843$5,110
9 years$7,094$6,481$5,916$5,397$4,921$4,221
10 years$6,320$5,712$5,158$4,652$4,193$3,526
11 years$5,687$5,086$4,541$4,049$3,606$2,972
12 years$5,160$4,564$4,030$3,551$3,125$2,523
13 years$4,714$4,125$3,600$3,135$2,725$2,154
14 years$4,332$3,749$3,235$2,783$2,389$1,848
15 years$4,002$3,425$2,921$2,482$2,103$1,591
16 years$3,713$3,143$2,648$2,223$1,859$1,375
17 years$3,458$2,894$2,410$1,997$1,648$1,192
18 years$3,232$2,674$2,200$1,800$1,465$1,035
19 years$3,030$2,479$2,014$1,626$1,306$901
20 years$2,848$2,303$1,848$1,473$1,167$786
21 years$2,684$2,145$1,700$1,337$1,044$687
22 years$2,535$2,003$1,567$1,215$936$600
23 years$2,399$1,873$1,447$1,107$840$526
24 years$2,275$1,755$1,338$1,009$755$461
25 years$2,160$1,647$1,239$922$679$404
26 years$2,055$1,548$1,149$843$612$355
27 years$1,958$1,457$1,067$772$552$312
28 years$1,868$1,373$992$707$498$274
29 years$1,784$1,295$923$648$450$241
30 years$1,706$1,223$860$595$406$212
31 years$1,633$1,156$802$546$367$187
32 years$1,565$1,094$748$502$332$164
33 years$1,501$1,036$698$462$301$145
34 years$1,441$982$653$425$272$127
35 years$1,384$931$610$391$247$112
36 years$1,331$884$571$360$223$99
37 years$1,281$839$534$332$202$87
38 years$1,233$798$500$306$184$77
39 years$1,188$759$469$282$166$68
40 years$1,146$722$439$260$151$60
41 years$1,105$687$412$240$137$53
42 years$1,067$654$386$222$124$46
43 years$1,030$623$363$204$113$41
44 years$996$594$340$189$102$36
45 years$963$567$320$174$93$32
46 years$931$541$300$161$84$28
47 years$901$516$282$149$77$25
48 years$872$492$265$138$70$22
49 years$845$470$249$127$63$19
50 years$818$449$234$117$57$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $838,000, adding $6,555 every year, while hoping to spend $47,563 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: 62/29/9 Blend
39$838,000$838,000$838,000$838,000
40$930,237$885,823$872,834$985,694
41$974,515$878,622$851,468$1,016,385
42$1,021,715$869,474$827,791$1,043,776
43$1,072,085$858,233$801,677$1,072,475
44$1,125,896$844,745$772,992$1,102,606
45$1,183,447$828,847$741,597$1,134,311
46$1,245,063$810,365$707,345$1,167,747
47$1,311,102$789,116$670,084$1,203,087
48$1,381,958$764,906$629,654$1,240,527
49$1,458,060$737,528$585,890$1,280,283
50$1,539,881$706,766$538,617$1,322,596
51$1,627,941$672,390$487,652$1,367,734
52$1,722,809$634,155$432,807$1,415,993
53$1,825,111$591,805$373,882$1,467,707
54$1,935,536$545,066$310,670$1,523,241
55$2,054,838$493,652$242,955$1,583,006
56$2,183,848$437,257$170,510$1,647,454
57$2,323,478$375,561$93,100$1,717,091
58$2,474,733$308,223$10,479$1,792,475
59$2,638,714$234,885$0$1,874,227
60$2,816,636$155,167$0$1,970,497
61$3,009,833$68,670$0$2,076,147
62$3,219,771$0$0$2,191,044
63$3,448,065$0$0$2,324,141
64$3,696,492$0$0$2,492,877
65$3,967,004$0$0$2,676,672
66$4,261,754$0$0$2,876,993
67$4,583,106$0$0$3,095,458
68$4,933,666$0$0$3,333,844
69$5,316,301$0$0$3,594,108
70$5,734,165$0$0$3,878,406
71$6,190,732$0$0$4,189,110
72$6,689,828$0$0$4,528,832
73$7,235,662$0$0$4,900,447
74$7,832,870$0$0$5,307,121
75$8,486,558$0$0$5,752,342
76$9,202,346$0$0$6,239,947
77$9,986,424$0$0$6,774,165
78$10,845,609$0$0$7,359,653
79$11,787,410$0$0$8,001,538
80$12,820,093$0$0$8,705,468
81$13,952,768$0$0$9,477,664
82$15,195,463$0$0$10,324,977
83$16,559,227$0$0$11,254,955
84$18,056,232$0$0$12,275,910
85$19,699,881$0$0$13,397,001
86$21,504,943$0$0$14,628,315
87$23,487,686$0$0$15,980,965
88$25,666,029$0$0$17,467,193
89$28,059,714$0$0$19,100,486
90$30,690,492$0$0$20,895,701
91$33,582,323$0$0$22,869,208
92$36,761,605$0$0$25,039,039
93$40,257,420$0$0$27,425,065
94$44,101,813$0$0$30,049,174
95$48,330,084$0$0$32,935,485
96$52,981,130$0$0$36,110,571
97$58,097,807$0$0$39,603,709
98$63,727,332$0$0$43,447,158
99$69,921,730$0$0$47,676,461
100$76,738,324$0$0$52,330,779