Can I retire at age 40 with 840,000?

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 $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%13.1%
1 years$69,366$68,749$68,146$67,557$66,983$66,118
2 years$34,340$33,700$33,080$32,479$31,897$31,027
3 years$22,666$22,023$21,405$20,810$20,236$19,389
4 years$16,830$16,190$15,578$14,992$14,433$13,613
5 years$13,329$12,693$12,089$11,516$10,972$10,183
6 years$10,996$10,365$9,770$9,209$8,681$7,924
7 years$9,331$8,704$8,119$7,571$7,060$6,335
8 years$8,082$7,461$6,885$6,351$5,857$5,164
9 years$7,111$6,496$5,930$5,410$4,933$4,271
10 years$6,335$5,726$5,170$4,663$4,203$3,572
11 years$5,700$5,098$4,552$4,059$3,615$3,014
12 years$5,172$4,575$4,039$3,560$3,132$2,562
13 years$4,725$4,135$3,609$3,143$2,731$2,190
14 years$4,342$3,758$3,243$2,790$2,394$1,881
15 years$4,011$3,433$2,928$2,488$2,108$1,623
16 years$3,722$3,150$2,654$2,228$1,863$1,404
17 years$3,466$2,901$2,415$2,002$1,652$1,219
18 years$3,240$2,681$2,205$1,804$1,469$1,060
19 years$3,037$2,484$2,019$1,630$1,309$924
20 years$2,855$2,309$1,853$1,476$1,169$807
21 years$2,690$2,150$1,704$1,340$1,047$706
22 years$2,541$2,007$1,570$1,218$938$619
23 years$2,405$1,877$1,450$1,109$842$542
24 years$2,280$1,759$1,341$1,012$757$476
25 years$2,166$1,651$1,242$924$681$418
26 years$2,060$1,551$1,152$845$613$368
27 years$1,963$1,460$1,070$773$553$324
28 years$1,872$1,376$994$709$499$285
29 years$1,788$1,298$925$650$451$251
30 years$1,710$1,226$862$596$407$221
31 years$1,637$1,159$804$548$368$195
32 years$1,568$1,096$750$503$333$172
33 years$1,504$1,038$700$463$301$152
34 years$1,444$984$654$426$273$134
35 years$1,387$933$612$392$247$118
36 years$1,334$886$572$361$224$104
37 years$1,284$841$535$333$203$92
38 years$1,236$800$501$307$184$81
39 years$1,191$760$470$283$167$72
40 years$1,148$723$440$261$151$63
41 years$1,108$689$413$241$137$56
42 years$1,069$656$387$222$125$50
43 years$1,033$625$363$205$113$44
44 years$998$596$341$189$103$39
45 years$965$568$320$175$93$34
46 years$933$542$301$161$85$30
47 years$903$517$283$149$77$27
48 years$874$494$266$138$70$24
49 years$847$471$250$127$63$21
50 years$820$450$235$118$58$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $840,000, adding $2,603 every year, while hoping to spend $46,372 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: 65/28/7 Blend
39$840,000$840,000$840,000$840,000
40$928,365$883,845$870,825$987,369
41$973,719$877,814$850,658$1,020,911
42$1,022,144$869,933$828,262$1,051,791
43$1,073,906$860,063$803,512$1,084,311
44$1,129,294$848,056$776,279$1,118,625
45$1,188,626$833,754$746,428$1,154,904
46$1,252,250$816,993$713,818$1,193,341
47$1,320,549$797,595$678,300$1,234,146
48$1,393,943$775,374$639,720$1,277,554
49$1,472,891$750,134$597,917$1,323,826
50$1,557,901$721,665$552,722$1,373,251
51$1,649,527$689,747$503,958$1,426,149
52$1,748,379$654,145$451,441$1,482,875
53$1,855,128$614,612$394,979$1,543,823
54$1,970,511$570,888$334,371$1,609,430
55$2,095,336$522,695$269,406$1,680,179
56$2,230,495$469,741$199,865$1,756,606
57$2,376,965$411,718$125,520$1,839,306
58$2,535,822$348,299$46,132$1,928,935
59$2,708,250$279,139$0$2,026,221
60$2,895,549$203,875$0$2,134,855
61$3,099,150$122,120$0$2,256,710
62$3,320,630$33,470$0$2,389,346
63$3,561,719$0$0$2,533,878
64$3,824,324$0$0$2,710,797
65$4,110,543$0$0$2,914,916
66$4,422,685$0$0$3,137,575
67$4,763,291$0$0$3,380,594
68$5,135,157$0$0$3,645,974
69$5,541,363$0$0$3,935,921
70$5,985,299$0$0$4,252,861
71$6,470,695$0$0$4,599,467
72$7,001,661$0$0$4,978,680
73$7,582,721$0$0$5,393,740
74$8,218,856$0$0$5,848,214
75$8,915,552$0$0$6,346,030
76$9,678,849$0$0$6,891,514
77$10,515,401$0$0$7,489,431
78$11,432,534$0$0$8,145,027
79$12,438,319$0$0$8,864,081
80$13,541,643$0$0$9,652,959
81$14,752,297$0$0$10,518,673
82$16,081,063$0$0$11,468,944
83$17,539,821$0$0$12,512,279
84$19,141,655$0$0$13,658,051
85$20,900,977$0$0$14,916,580
86$22,833,668$0$0$16,299,241
87$24,957,217$0$0$17,818,559
88$27,290,896$0$0$19,488,337
89$29,855,934$0$0$21,323,779
90$32,675,718$0$0$23,341,637
91$35,776,017$0$0$25,560,365
92$39,185,218$0$0$28,000,297
93$42,934,599$0$0$30,683,835
94$47,058,621$0$0$33,635,660
95$51,595,251$0$0$36,882,966
96$56,586,321$0$0$40,455,716
97$62,077,924$0$0$44,386,924
98$68,120,844$0$0$48,712,963
99$74,771,037$0$0$53,473,913
100$82,090,159$0$0$58,713,936