Can I retire at age 40 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$69,614$68,994$68,389$67,799$67,222$66,659
2 years$34,462$33,821$33,199$32,595$32,010$31,443
3 years$22,747$22,102$21,482$20,884$20,309$19,754
4 years$16,890$16,247$15,633$15,046$14,484$13,947
5 years$13,377$12,738$12,132$11,557$11,011$10,493
6 years$11,036$10,402$9,804$9,242$8,712$8,214
7 years$9,364$8,735$8,148$7,598$7,086$6,607
8 years$8,111$7,488$6,910$6,374$5,878$5,420
9 years$7,137$6,519$5,951$5,429$4,950$4,511
10 years$6,358$5,747$5,189$4,680$4,218$3,798
11 years$5,721$5,116$4,568$4,073$3,628$3,227
12 years$5,190$4,592$4,054$3,573$3,144$2,762
13 years$4,742$4,150$3,622$3,154$2,741$2,378
14 years$4,358$3,772$3,254$2,800$2,403$2,058
15 years$4,025$3,446$2,938$2,497$2,116$1,788
16 years$3,735$3,161$2,664$2,236$1,870$1,559
17 years$3,479$2,911$2,424$2,009$1,658$1,364
18 years$3,251$2,690$2,213$1,810$1,474$1,196
19 years$3,048$2,493$2,026$1,636$1,314$1,051
20 years$2,865$2,317$1,859$1,482$1,174$925
21 years$2,700$2,158$1,710$1,345$1,050$816
22 years$2,550$2,015$1,576$1,223$941$721
23 years$2,413$1,884$1,455$1,113$845$637
24 years$2,288$1,765$1,346$1,015$760$564
25 years$2,173$1,657$1,247$927$684$500
26 years$2,067$1,557$1,156$848$616$443
27 years$1,970$1,465$1,074$776$555$394
28 years$1,879$1,381$998$711$501$350
29 years$1,795$1,303$929$652$452$311
30 years$1,716$1,230$865$598$409$276
31 years$1,643$1,163$806$550$369$246
32 years$1,574$1,100$752$505$334$219
33 years$1,510$1,042$703$465$302$195
34 years$1,449$988$656$427$274$173
35 years$1,392$937$614$393$248$154
36 years$1,339$889$574$362$225$138
37 years$1,288$844$537$334$204$123
38 years$1,241$803$503$308$185$109
39 years$1,195$763$471$284$167$97
40 years$1,153$726$442$262$152$87
41 years$1,112$691$414$241$138$77
42 years$1,073$658$389$223$125$69
43 years$1,037$627$365$206$113$62
44 years$1,002$598$342$190$103$55
45 years$968$570$321$175$94$49
46 years$937$544$302$162$85$44
47 years$906$519$284$150$77$39
48 years$877$495$267$138$70$35
49 years$850$473$251$128$64$31
50 years$823$452$236$118$58$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $843,000, adding $6,322 every year, while hoping to spend $30,019 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: 51/34/15 Blend
39$843,000$843,000$843,000$843,000
40$935,507$890,828$877,762$979,091
41$998,989$902,539$875,227$1,021,387
42$1,067,940$913,817$871,601$1,063,674
43$1,142,886$924,610$866,815$1,108,979
44$1,224,406$934,862$860,799$1,157,597
45$1,313,136$944,511$853,478$1,209,854
46$1,409,779$953,495$844,771$1,266,107
47$1,515,104$961,744$834,599$1,326,753
48$1,629,960$969,185$822,873$1,392,230
49$1,755,281$975,740$809,505$1,463,021
50$1,892,096$981,328$794,400$1,539,660
51$2,041,536$985,859$777,458$1,622,736
52$2,204,847$989,240$758,577$1,712,900
53$2,383,400$991,372$737,649$1,810,871
54$2,578,706$992,148$714,559$1,917,442
55$2,792,428$991,457$689,191$2,033,489
56$3,026,396$989,179$661,419$2,159,981
57$3,282,627$985,187$631,115$2,297,984
58$3,563,340$979,347$598,143$2,448,678
59$3,870,982$971,516$562,362$2,613,365
60$4,208,245$961,543$523,624$2,793,480
61$4,578,095$949,268$481,774$2,990,611
62$4,983,799$934,520$436,652$3,206,508
63$5,428,956$917,121$388,088$3,443,103
64$5,917,527$896,878$335,907$3,702,527
65$6,453,880$873,589$279,925$3,987,135
66$7,042,822$847,042$219,950$4,299,523
67$7,689,653$817,010$155,780$4,642,556
68$8,400,206$783,252$87,208$5,019,397
69$9,180,912$745,516$14,014$5,433,534
70$10,038,852$703,533$0$5,888,818
71$10,981,828$657,020$0$6,399,754
72$12,018,437$605,676$0$6,963,829
73$13,158,149$549,186$0$7,584,008
74$14,411,397$487,213$0$8,266,035
75$15,789,677$419,403$0$9,016,243
76$17,305,653$345,383$0$9,841,617
77$18,973,279$264,757$0$10,749,858
78$20,807,931$177,107$0$11,749,458
79$22,826,547$81,993$0$12,849,779
80$25,047,793$0$0$14,061,146
81$27,492,234$0$0$15,402,817
82$30,182,529$0$0$16,913,293
83$33,143,646$0$0$18,575,929
84$36,403,095$0$0$20,406,183
85$39,991,190$0$0$22,421,092
86$43,941,333$0$0$24,639,427
87$48,290,328$0$0$27,081,870
88$53,078,731$0$0$29,771,213
89$58,351,229$0$0$32,732,569
90$64,157,063$0$0$35,993,611
91$70,550,493$0$0$39,584,833
92$77,591,310$0$0$43,539,835
93$85,345,396$0$0$47,895,644
94$93,885,353$0$0$52,693,060
95$103,291,179$0$0$57,977,042
96$113,651,029$0$0$63,797,133
97$125,062,045$0$0$70,207,926
98$137,631,271$0$0$77,269,579
99$151,476,663$0$0$85,048,386
100$166,728,207$0$0$93,617,395