Can I retire at age 40 with 843,000?

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 $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%18%
1 years$69,614$68,994$68,389$67,799$67,222$65,044
2 years$34,462$33,821$33,199$32,595$32,010$29,837
3 years$22,747$22,102$21,482$20,884$20,309$18,207
4 years$16,890$16,247$15,633$15,046$14,484$12,471
5 years$13,377$12,738$12,132$11,557$11,011$9,092
6 years$11,036$10,402$9,804$9,242$8,712$6,889
7 years$9,364$8,735$8,148$7,598$7,086$5,357
8 years$8,111$7,488$6,910$6,374$5,878$4,244
9 years$7,137$6,519$5,951$5,429$4,950$3,408
10 years$6,358$5,747$5,189$4,680$4,218$2,765
11 years$5,721$5,116$4,568$4,073$3,628$2,262
12 years$5,190$4,592$4,054$3,573$3,144$1,862
13 years$4,742$4,150$3,622$3,154$2,741$1,541
14 years$4,358$3,772$3,254$2,800$2,403$1,280
15 years$4,025$3,446$2,938$2,497$2,116$1,067
16 years$3,735$3,161$2,664$2,236$1,870$892
17 years$3,479$2,911$2,424$2,009$1,658$747
18 years$3,251$2,690$2,213$1,810$1,474$627
19 years$3,048$2,493$2,026$1,636$1,314$527
20 years$2,865$2,317$1,859$1,482$1,174$444
21 years$2,700$2,158$1,710$1,345$1,050$374
22 years$2,550$2,015$1,576$1,223$941$315
23 years$2,413$1,884$1,455$1,113$845$266
24 years$2,288$1,765$1,346$1,015$760$225
25 years$2,173$1,657$1,247$927$684$190
26 years$2,067$1,557$1,156$848$616$160
27 years$1,970$1,465$1,074$776$555$136
28 years$1,879$1,381$998$711$501$115
29 years$1,795$1,303$929$652$452$97
30 years$1,716$1,230$865$598$409$82
31 years$1,643$1,163$806$550$369$70
32 years$1,574$1,100$752$505$334$59
33 years$1,510$1,042$703$465$302$50
34 years$1,449$988$656$427$274$42
35 years$1,392$937$614$393$248$36
36 years$1,339$889$574$362$225$30
37 years$1,288$844$537$334$204$26
38 years$1,241$803$503$308$185$22
39 years$1,195$763$471$284$167$18
40 years$1,153$726$442$262$152$16
41 years$1,112$691$414$241$138$13
42 years$1,073$658$389$223$125$11
43 years$1,037$627$365$206$113$10
44 years$1,002$598$342$190$103$8
45 years$968$570$321$175$94$7
46 years$937$544$302$162$85$6
47 years$906$519$284$150$77$5
48 years$877$495$267$138$70$4
49 years$850$473$251$128$64$4
50 years$823$452$236$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $843,000, adding $6,988 every year, while hoping to spend $52,946 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: 48/33/19 Blend
39$843,000$843,000$843,000$843,000
40$936,194$891,515$878,449$975,806
41$975,352$878,865$851,543$991,400
42$1,016,729$863,821$821,961$1,002,397
43$1,060,496$846,209$789,557$1,013,219
44$1,106,840$825,846$754,180$1,023,872
45$1,155,963$802,538$715,670$1,034,365
46$1,208,087$776,079$673,862$1,044,711
47$1,263,456$746,251$628,580$1,054,930
48$1,322,336$712,824$579,645$1,065,047
49$1,385,016$675,554$526,865$1,075,094
50$1,451,815$634,184$470,042$1,085,112
51$1,523,082$588,441$408,970$1,095,150
52$1,599,199$538,036$343,433$1,105,267
53$1,680,583$482,666$273,204$1,115,537
54$1,767,694$422,008$198,048$1,126,043
55$1,861,034$355,723$117,718$1,136,886
56$1,961,156$283,449$31,958$1,148,184
57$2,068,665$204,809$0$1,160,071
58$2,184,225$119,401$0$1,184,782
59$2,308,565$26,801$0$1,218,123
60$2,442,487$0$0$1,253,875
61$2,586,870$0$0$1,319,009
62$2,742,681$0$0$1,399,872
63$2,910,980$0$0$1,487,293
64$3,092,936$0$0$1,581,886
65$3,289,829$0$0$1,684,329
66$3,503,070$0$0$1,795,366
67$3,734,209$0$0$1,915,814
68$3,984,949$0$0$2,046,573
69$4,257,166$0$0$2,188,634
70$4,552,919$0$0$2,343,083
71$4,874,477$0$0$2,511,120
72$5,224,335$0$0$2,694,061
73$5,605,237$0$0$2,893,357
74$6,020,203$0$0$3,110,603
75$6,472,558$0$0$3,347,554
76$6,965,959$0$0$3,606,145
77$7,504,434$0$0$3,888,501
78$8,092,412$0$0$4,196,965
79$8,734,775$0$0$4,534,116
80$9,436,891$0$0$4,902,791
81$10,204,676$0$0$5,306,117
82$11,044,639$0$0$5,747,534
83$11,963,949$0$0$6,230,831
84$12,970,501$0$0$6,760,182
85$14,072,988$0$0$7,340,181
86$15,280,982$0$0$7,975,890
87$16,605,027$0$0$8,672,882
88$18,056,734$0$0$9,437,295
89$19,648,892$0$0$10,275,892
90$21,395,586$0$0$11,196,120
91$23,312,333$0$0$12,206,182
92$25,416,221$0$0$13,315,114
93$27,726,076$0$0$14,532,869
94$30,262,634$0$0$15,870,414
95$33,048,739$0$0$17,339,827
96$36,109,555$0$0$18,954,415
97$39,472,804$0$0$20,728,837
98$43,169,027$0$0$22,679,244
99$47,231,870$0$0$24,823,429
100$51,698,400$0$0$27,180,994