Can I retire at age 40 with 841,000?

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 $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%18.2%
1 years$69,449$68,830$68,227$67,638$67,063$64,838
2 years$34,381$33,740$33,120$32,518$31,935$29,715
3 years$22,693$22,050$21,431$20,835$20,261$18,116
4 years$16,850$16,209$15,596$15,010$14,450$12,396
5 years$13,345$12,708$12,103$11,529$10,985$9,027
6 years$11,009$10,377$9,781$9,220$8,692$6,832
7 years$9,342$8,715$8,128$7,580$7,069$5,307
8 years$8,091$7,470$6,893$6,359$5,864$4,199
9 years$7,120$6,504$5,937$5,416$4,939$3,368
10 years$6,343$5,733$5,176$4,669$4,208$2,730
11 years$5,707$5,104$4,557$4,063$3,619$2,230
12 years$5,178$4,581$4,044$3,564$3,136$1,833
13 years$4,731$4,140$3,613$3,147$2,735$1,515
14 years$4,348$3,763$3,247$2,793$2,397$1,257
15 years$4,016$3,437$2,931$2,491$2,111$1,046
16 years$3,726$3,154$2,658$2,230$1,865$873
17 years$3,470$2,905$2,418$2,004$1,654$730
18 years$3,243$2,684$2,208$1,806$1,471$612
19 years$3,041$2,487$2,021$1,632$1,311$514
20 years$2,858$2,311$1,855$1,478$1,171$432
21 years$2,694$2,153$1,706$1,341$1,048$363
22 years$2,544$2,010$1,572$1,220$939$306
23 years$2,408$1,880$1,452$1,111$843$258
24 years$2,283$1,761$1,343$1,013$758$217
25 years$2,168$1,653$1,244$925$682$183
26 years$2,063$1,553$1,153$846$614$155
27 years$1,965$1,462$1,071$774$554$131
28 years$1,874$1,378$996$709$500$110
29 years$1,790$1,300$926$651$451$93
30 years$1,712$1,227$863$597$408$79
31 years$1,639$1,160$805$548$369$67
32 years$1,570$1,098$751$504$333$56
33 years$1,506$1,040$701$463$302$48
34 years$1,446$985$655$426$273$40
35 years$1,389$935$612$393$247$34
36 years$1,336$887$573$362$224$29
37 years$1,285$842$536$333$203$24
38 years$1,238$801$502$307$184$21
39 years$1,193$761$470$283$167$17
40 years$1,150$724$441$261$152$15
41 years$1,109$689$413$241$137$12
42 years$1,071$657$388$222$125$11
43 years$1,034$626$364$205$113$9
44 years$999$596$342$189$103$8
45 years$966$569$321$175$93$6
46 years$934$543$301$162$85$5
47 years$904$518$283$149$77$5
48 years$875$494$266$138$70$4
49 years$848$472$250$128$63$3
50 years$821$451$235$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $841,000, adding $3,963 every year, while hoping to spend $54,922 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: 32/49/19 Blend
39$841,000$841,000$841,000$841,000
40$930,870$886,297$873,261$955,048
41$967,382$871,289$844,079$958,419
42$1,005,778$853,705$812,078$956,752
43$1,046,191$833,360$777,107$953,799
44$1,088,768$810,060$739,005$949,478
45$1,133,667$783,598$697,607$943,708
46$1,181,062$753,756$652,738$936,403
47$1,231,143$720,302$604,217$927,475
48$1,284,114$682,991$551,853$916,834
49$1,340,201$641,565$495,447$904,387
50$1,399,649$595,750$434,793$890,040
51$1,462,729$545,256$369,673$873,696
52$1,529,732$489,779$299,862$855,258
53$1,600,980$428,994$225,123$834,626
54$1,676,825$362,559$145,210$811,700
55$1,757,651$290,115$59,864$786,380
56$1,843,880$211,279$0$758,566
57$1,935,973$125,649$0$734,487
58$2,034,437$32,800$0$721,081
59$2,139,824$0$0$706,162
60$2,252,745$0$0$726,214
61$2,373,865$0$0$766,778
62$2,503,916$0$0$810,423
63$2,643,702$0$0$857,432
64$2,794,105$0$0$908,112
65$2,956,092$0$0$962,803
66$3,130,727$0$0$1,021,878
67$3,319,177$0$0$1,085,746
68$3,522,727$0$0$1,154,857
69$3,742,786$0$0$1,229,705
70$3,980,905$0$0$1,310,836
71$4,238,787$0$0$1,398,846
72$4,518,305$0$0$1,494,394
73$4,821,520$0$0$1,598,203
74$5,150,697$0$0$1,711,069
75$5,508,327$0$0$1,833,868
76$5,897,151$0$0$1,967,562
77$6,320,186$0$0$2,113,213
78$6,780,748$0$0$2,271,986
79$7,282,489$0$0$2,445,166
80$7,829,425$0$0$2,634,165
81$8,425,978$0$0$2,840,539
82$9,077,016$0$0$3,066,001
83$9,787,894$0$0$3,312,435
84$10,564,510$0$0$3,581,917
85$11,413,356$0$0$3,876,733
86$12,341,579$0$0$4,199,397
87$13,357,049$0$0$4,552,681
88$14,468,430$0$0$4,939,636
89$15,685,265$0$0$5,363,621
90$17,018,060$0$0$5,828,337
91$18,478,386$0$0$6,337,860
92$20,078,987$0$0$6,896,678
93$21,833,897$0$0$7,509,734
94$23,758,574$0$0$8,182,474
95$25,870,043$0$0$8,920,897
96$28,187,056$0$0$9,731,608
97$30,730,271$0$0$10,621,886
98$33,522,439$0$0$11,599,749
99$36,588,626$0$0$12,674,029
100$39,956,441$0$0$13,854,455