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%16.7%
1 years$69,449$68,830$68,227$67,638$67,063$65,230
2 years$34,381$33,740$33,120$32,518$31,935$30,101
3 years$22,693$22,050$21,431$20,835$20,261$18,484
4 years$16,850$16,209$15,596$15,010$14,450$12,745
5 years$13,345$12,708$12,103$11,529$10,985$9,355
6 years$11,009$10,377$9,781$9,220$8,692$7,139
7 years$9,342$8,715$8,128$7,580$7,069$5,593
8 years$8,091$7,470$6,893$6,359$5,864$4,464
9 years$7,120$6,504$5,937$5,416$4,939$3,614
10 years$6,343$5,733$5,176$4,669$4,208$2,956
11 years$5,707$5,104$4,557$4,063$3,619$2,438
12 years$5,178$4,581$4,044$3,564$3,136$2,025
13 years$4,731$4,140$3,613$3,147$2,735$1,690
14 years$4,348$3,763$3,247$2,793$2,397$1,417
15 years$4,016$3,437$2,931$2,491$2,111$1,192
16 years$3,726$3,154$2,658$2,230$1,865$1,005
17 years$3,470$2,905$2,418$2,004$1,654$850
18 years$3,243$2,684$2,208$1,806$1,471$721
19 years$3,041$2,487$2,021$1,632$1,311$612
20 years$2,858$2,311$1,855$1,478$1,171$520
21 years$2,694$2,153$1,706$1,341$1,048$443
22 years$2,544$2,010$1,572$1,220$939$377
23 years$2,408$1,880$1,452$1,111$843$321
24 years$2,283$1,761$1,343$1,013$758$274
25 years$2,168$1,653$1,244$925$682$234
26 years$2,063$1,553$1,153$846$614$200
27 years$1,965$1,462$1,071$774$554$171
28 years$1,874$1,378$996$709$500$146
29 years$1,790$1,300$926$651$451$125
30 years$1,712$1,227$863$597$408$107
31 years$1,639$1,160$805$548$369$92
32 years$1,570$1,098$751$504$333$78
33 years$1,506$1,040$701$463$302$67
34 years$1,446$985$655$426$273$57
35 years$1,389$935$612$393$247$49
36 years$1,336$887$573$362$224$42
37 years$1,285$842$536$333$203$36
38 years$1,238$801$502$307$184$31
39 years$1,193$761$470$283$167$26
40 years$1,150$724$441$261$152$23
41 years$1,109$689$413$241$137$19
42 years$1,071$657$388$222$125$17
43 years$1,034$626$364$205$113$14
44 years$999$596$342$189$103$12
45 years$966$569$321$175$93$10
46 years$934$543$301$162$85$9
47 years$904$518$283$149$77$8
48 years$875$494$266$138$70$7
49 years$848$472$250$128$63$6
50 years$821$451$235$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $841,000, adding $2,716 every year, while hoping to spend $26,809 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: 65/26/9 Blend
39$841,000$841,000$841,000$841,000
40$929,584$885,011$871,975$988,115
41$995,877$899,852$872,662$1,042,283
42$1,068,033$914,521$872,473$1,098,026
43$1,146,622$928,983$871,351$1,158,235
44$1,232,272$943,197$869,235$1,223,345
45$1,325,671$957,122$866,062$1,293,830
46$1,427,581$970,711$861,766$1,370,218
47$1,538,835$983,918$856,277$1,453,087
48$1,660,356$996,689$849,521$1,543,076
49$1,793,155$1,008,969$841,423$1,640,888
50$1,938,348$1,020,700$831,902$1,747,298
51$2,097,163$1,031,818$820,874$1,863,161
52$2,270,952$1,042,255$808,251$1,989,419
53$2,461,203$1,051,940$793,942$2,127,110
54$2,669,556$1,060,796$777,850$2,277,379
55$2,897,817$1,068,740$759,874$2,441,487
56$3,147,973$1,075,688$739,909$2,620,826
57$3,422,215$1,081,544$717,844$2,816,927
58$3,722,953$1,086,212$693,564$3,031,482
59$4,052,844$1,089,587$666,948$3,266,353
60$4,414,814$1,091,556$637,871$3,523,593
61$4,812,085$1,092,003$606,199$3,805,467
62$5,248,207$1,090,800$571,796$4,114,470
63$5,727,090$1,087,815$534,517$4,453,354
64$6,253,041$1,082,906$494,212$4,825,151
65$6,830,806$1,075,923$450,722$5,233,204
66$7,465,611$1,066,706$403,884$5,681,200
67$8,163,215$1,055,087$353,526$6,173,201
68$8,929,963$1,040,886$299,469$6,713,686
69$9,772,842$1,023,913$241,525$7,307,592
70$10,699,555$1,003,967$179,499$7,960,363
71$11,718,583$980,835$113,186$8,677,997
72$12,839,274$954,291$42,373$9,467,108
73$14,071,926$924,097$0$10,334,988
74$15,427,883$889,999$0$11,292,861
75$16,919,648$851,730$0$12,350,947
76$18,560,994$809,006$0$13,514,963
77$20,367,097$761,529$0$14,795,696
78$22,354,678$708,981$0$16,205,038
79$24,542,161$651,027$0$17,756,095
80$26,949,848$587,314$0$19,463,312
81$29,600,107$517,467$0$21,342,610
82$32,517,586$441,091$0$23,411,535
83$35,729,444$357,768$0$25,689,428
84$39,265,605$267,057$0$28,197,603
85$43,159,045$168,491$0$30,959,554
86$47,446,099$61,578$0$34,001,173
87$52,166,804$0$0$37,350,997
88$57,365,279$0$0$41,055,985
89$63,090,139$0$0$45,155,608
90$69,394,953$0$0$49,670,616
91$76,338,752$0$0$54,643,294
92$83,986,581$0$0$60,120,232
93$92,410,119$0$0$66,152,773
94$101,688,350$0$0$72,797,491
95$111,908,312$0$0$80,116,730
96$123,165,914$0$0$88,179,190
97$135,566,844$0$0$97,060,573
98$149,227,566$0$0$106,844,301
99$164,276,419$0$0$117,622,300
100$180,854,825$0$0$129,495,872