Can I retire at age 40 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$69,366$68,749$68,146$67,557$66,983$66,505
2 years$34,340$33,700$33,080$32,479$31,897$31,415
3 years$22,666$22,023$21,405$20,810$20,236$19,766
4 years$16,830$16,190$15,578$14,992$14,433$13,976
5 years$13,329$12,693$12,089$11,516$10,972$10,531
6 years$10,996$10,365$9,770$9,209$8,681$8,257
7 years$9,331$8,704$8,119$7,571$7,060$6,653
8 years$8,082$7,461$6,885$6,351$5,857$5,467
9 years$7,111$6,496$5,930$5,410$4,933$4,558
10 years$6,335$5,726$5,170$4,663$4,203$3,845
11 years$5,700$5,098$4,552$4,059$3,615$3,273
12 years$5,172$4,575$4,039$3,560$3,132$2,806
13 years$4,725$4,135$3,609$3,143$2,731$2,421
14 years$4,342$3,758$3,243$2,790$2,394$2,099
15 years$4,011$3,433$2,928$2,488$2,108$1,828
16 years$3,722$3,150$2,654$2,228$1,863$1,597
17 years$3,466$2,901$2,415$2,002$1,652$1,399
18 years$3,240$2,681$2,205$1,804$1,469$1,230
19 years$3,037$2,484$2,019$1,630$1,309$1,083
20 years$2,855$2,309$1,853$1,476$1,169$956
21 years$2,690$2,150$1,704$1,340$1,047$845
22 years$2,541$2,007$1,570$1,218$938$748
23 years$2,405$1,877$1,450$1,109$842$663
24 years$2,280$1,759$1,341$1,012$757$588
25 years$2,166$1,651$1,242$924$681$522
26 years$2,060$1,551$1,152$845$613$464
27 years$1,963$1,460$1,070$773$553$413
28 years$1,872$1,376$994$709$499$368
29 years$1,788$1,298$925$650$451$328
30 years$1,710$1,226$862$596$407$292
31 years$1,637$1,159$804$548$368$260
32 years$1,568$1,096$750$503$333$232
33 years$1,504$1,038$700$463$301$207
34 years$1,444$984$654$426$273$185
35 years$1,387$933$612$392$247$165
36 years$1,334$886$572$361$224$148
37 years$1,284$841$535$333$203$132
38 years$1,236$800$501$307$184$118
39 years$1,191$760$470$283$167$105
40 years$1,148$723$440$261$151$94
41 years$1,108$689$413$241$137$84
42 years$1,069$656$387$222$125$75
43 years$1,033$625$363$205$113$67
44 years$998$596$341$189$103$60
45 years$965$568$320$175$93$54
46 years$933$542$301$161$85$48
47 years$903$517$283$149$77$43
48 years$874$494$266$138$70$39
49 years$847$471$250$127$63$35
50 years$820$450$235$118$58$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $840,000, adding $4,987 every year, while hoping to spend $35,449 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: 36/44/20 Blend
39$840,000$840,000$840,000$840,000
40$930,824$886,304$873,284$958,533
41$988,051$892,016$864,822$984,908
42$1,049,926$896,819$854,888$1,009,696
43$1,116,888$900,632$843,395$1,035,725
44$1,189,415$903,368$830,254$1,063,126
45$1,268,036$904,933$815,368$1,092,048
46$1,353,332$905,231$798,639$1,122,653
47$1,445,940$904,156$779,962$1,155,126
48$1,546,563$901,597$759,228$1,189,671
49$1,655,974$897,436$736,323$1,226,517
50$1,775,022$891,549$711,128$1,265,920
51$1,904,642$883,803$683,519$1,308,163
52$2,045,863$874,057$653,364$1,353,562
53$2,199,817$862,162$620,529$1,402,470
54$2,367,751$847,961$584,869$1,455,279
55$2,551,037$831,285$546,237$1,512,426
56$2,751,183$811,959$504,477$1,574,395
57$2,969,853$789,794$459,425$1,641,726
58$3,208,875$764,591$410,913$1,715,018
59$3,470,264$736,140$358,763$1,794,936
60$3,756,239$704,219$302,790$1,882,219
61$4,069,242$668,592$242,800$1,977,689
62$4,411,962$629,010$178,590$2,082,255
63$4,787,360$585,210$109,951$2,196,927
64$5,198,698$536,913$36,662$2,322,825
65$5,649,569$483,824$0$2,461,191
66$6,143,927$425,634$0$2,622,268
67$6,686,129$362,012$0$2,807,639
68$7,280,976$292,612$0$3,011,217
69$7,933,752$217,066$0$3,234,929
70$8,650,279$134,987$0$3,480,904
71$9,436,972$45,966$0$3,751,498
72$10,300,895$0$0$4,049,314
73$11,249,831$0$0$4,401,646
74$12,292,353$0$0$4,813,302
75$13,437,906$0$0$5,265,771
76$14,696,895$0$0$5,763,179
77$16,080,783$0$0$6,310,073
78$17,602,199$0$0$6,911,460
79$19,275,056$0$0$7,572,858
80$21,114,684$0$0$8,300,346
81$23,137,972$0$0$9,100,622
82$25,363,527$0$0$9,981,066
83$27,811,851$0$0$10,949,809
84$30,505,533$0$0$12,015,810
85$33,469,463$0$0$13,188,940
86$36,731,063$0$0$14,480,077
87$40,320,549$0$0$15,901,204
88$44,271,214$0$0$17,465,527
89$48,619,744$0$0$19,187,596
90$53,406,559$0$0$21,083,445
91$58,676,198$0$0$23,170,740
92$64,477,739$0$0$25,468,948
93$70,865,259$0$0$27,999,520
94$77,898,346$0$0$30,786,090
95$85,642,661$0$0$33,854,706
96$94,170,553$0$0$37,234,065
97$103,561,750$0$0$40,955,795
98$113,904,101$0$0$45,054,742
99$125,294,412$0$0$49,569,307
100$137,839,356$0$0$54,541,806