Can I retire at age 40 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$69,449$68,830$68,227$67,638$67,063$65,628
2 years$34,381$33,740$33,120$32,518$31,935$30,496
3 years$22,693$22,050$21,431$20,835$20,261$18,863
4 years$16,850$16,209$15,596$15,010$14,450$13,105
5 years$13,345$12,708$12,103$11,529$10,985$9,695
6 years$11,009$10,377$9,781$9,220$8,692$7,459
7 years$9,342$8,715$8,128$7,580$7,069$5,894
8 years$8,091$7,470$6,893$6,359$5,864$4,746
9 years$7,120$6,504$5,937$5,416$4,939$3,876
10 years$6,343$5,733$5,176$4,669$4,208$3,201
11 years$5,707$5,104$4,557$4,063$3,619$2,666
12 years$5,178$4,581$4,044$3,564$3,136$2,235
13 years$4,731$4,140$3,613$3,147$2,735$1,885
14 years$4,348$3,763$3,247$2,793$2,397$1,596
15 years$4,016$3,437$2,931$2,491$2,111$1,357
16 years$3,726$3,154$2,658$2,230$1,865$1,157
17 years$3,470$2,905$2,418$2,004$1,654$989
18 years$3,243$2,684$2,208$1,806$1,471$848
19 years$3,041$2,487$2,021$1,632$1,311$728
20 years$2,858$2,311$1,855$1,478$1,171$626
21 years$2,694$2,153$1,706$1,341$1,048$539
22 years$2,544$2,010$1,572$1,220$939$464
23 years$2,408$1,880$1,452$1,111$843$401
24 years$2,283$1,761$1,343$1,013$758$346
25 years$2,168$1,653$1,244$925$682$299
26 years$2,063$1,553$1,153$846$614$258
27 years$1,965$1,462$1,071$774$554$224
28 years$1,874$1,378$996$709$500$193
29 years$1,790$1,300$926$651$451$168
30 years$1,712$1,227$863$597$408$145
31 years$1,639$1,160$805$548$369$126
32 years$1,570$1,098$751$504$333$109
33 years$1,506$1,040$701$463$302$94
34 years$1,446$985$655$426$273$82
35 years$1,389$935$612$393$247$71
36 years$1,336$887$573$362$224$62
37 years$1,285$842$536$333$203$53
38 years$1,238$801$502$307$184$46
39 years$1,193$761$470$283$167$40
40 years$1,150$724$441$261$152$35
41 years$1,109$689$413$241$137$30
42 years$1,071$657$388$222$125$26
43 years$1,034$626$364$205$113$23
44 years$999$596$342$189$103$20
45 years$966$569$321$175$93$17
46 years$934$543$301$162$85$15
47 years$904$518$283$149$77$13
48 years$875$494$266$138$70$11
49 years$848$472$250$128$63$10
50 years$821$451$235$118$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $841,000, adding $4,255 every year, while hoping to spend $50,320 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: 27/49/24 Blend
39$841,000$841,000$841,000$841,000
40$931,171$886,598$873,563$949,198
41$972,610$876,501$849,287$953,768
42$1,016,590$864,223$822,511$954,002
43$1,063,316$849,604$793,099$953,199
44$1,113,014$832,474$760,907$951,303
45$1,165,929$812,653$725,786$948,258
46$1,222,333$789,953$687,579$944,009
47$1,282,521$764,170$646,123$938,499
48$1,346,816$735,092$601,246$931,674
49$1,415,574$702,495$552,770$923,477
50$1,489,184$666,138$500,510$913,858
51$1,568,073$625,771$444,269$902,764
52$1,652,708$581,126$383,844$890,148
53$1,743,604$531,921$319,022$875,964
54$1,841,325$477,858$249,582$860,173
55$1,946,489$418,622$175,292$842,739
56$2,059,777$353,880$95,910$823,634
57$2,181,934$283,280$11,183$802,835
58$2,313,781$206,450$0$780,332
59$2,456,219$122,999$0$776,413
60$2,610,238$32,511$0$775,173
61$2,776,927$0$0$773,843
62$2,957,483$0$0$807,833
63$3,153,220$0$0$863,800
64$3,365,586$0$0$924,644
65$3,596,171$0$0$990,835
66$3,846,726$0$0$1,062,891
67$4,119,176$0$0$1,141,383
68$4,415,638$0$0$1,226,939
69$4,738,443$0$0$1,320,249
70$5,090,154$0$0$1,422,074
71$5,473,595$0$0$1,533,251
72$5,891,870$0$0$1,654,701
73$6,348,399$0$0$1,787,438
74$6,846,943$0$0$1,932,578
75$7,391,646$0$0$2,091,352
76$7,987,067$0$0$2,265,113
77$8,638,228$0$0$2,455,352
78$9,350,656$0$0$2,663,709
79$10,130,439$0$0$2,891,994
80$10,984,279$0$0$3,142,195
81$11,919,557$0$0$3,416,507
82$12,944,403$0$0$3,717,344
83$14,067,768$0$0$4,047,364
84$15,299,512$0$0$4,409,499
85$16,650,494$0$0$4,806,975
86$18,132,675$0$0$5,243,346
87$19,759,229$0$0$5,722,527
88$21,544,668$0$0$6,248,833
89$23,504,976$0$0$6,827,013
90$25,657,762$0$0$7,462,304
91$28,022,424$0$0$8,160,470
92$30,620,330$0$0$8,927,865
93$33,475,020$0$0$9,771,488
94$36,612,428$0$0$10,699,050
95$40,061,125$0$0$11,719,045
96$43,852,588$0$0$12,840,833
97$48,021,494$0$0$14,074,727
98$52,606,051$0$0$15,432,088
99$57,648,353$0$0$16,925,434
100$63,194,779$0$0$18,568,560