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%16.8%
1 years$69,614$68,994$68,389$67,799$67,222$65,358
2 years$34,462$33,821$33,199$32,595$32,010$30,147
3 years$22,747$22,102$21,482$20,884$20,309$18,503
4 years$16,890$16,247$15,633$15,046$14,484$12,751
5 years$13,377$12,738$12,132$11,557$11,011$9,355
6 years$11,036$10,402$9,804$9,242$8,712$7,135
7 years$9,364$8,735$8,148$7,598$7,086$5,586
8 years$8,111$7,488$6,910$6,374$5,878$4,457
9 years$7,137$6,519$5,951$5,429$4,950$3,605
10 years$6,358$5,747$5,189$4,680$4,218$2,947
11 years$5,721$5,116$4,568$4,073$3,628$2,430
12 years$5,190$4,592$4,054$3,573$3,144$2,016
13 years$4,742$4,150$3,622$3,154$2,741$1,682
14 years$4,358$3,772$3,254$2,800$2,403$1,409
15 years$4,025$3,446$2,938$2,497$2,116$1,184
16 years$3,735$3,161$2,664$2,236$1,870$998
17 years$3,479$2,911$2,424$2,009$1,658$844
18 years$3,251$2,690$2,213$1,810$1,474$715
19 years$3,048$2,493$2,026$1,636$1,314$606
20 years$2,865$2,317$1,859$1,482$1,174$515
21 years$2,700$2,158$1,710$1,345$1,050$438
22 years$2,550$2,015$1,576$1,223$941$373
23 years$2,413$1,884$1,455$1,113$845$318
24 years$2,288$1,765$1,346$1,015$760$271
25 years$2,173$1,657$1,247$927$684$231
26 years$2,067$1,557$1,156$848$616$197
27 years$1,970$1,465$1,074$776$555$168
28 years$1,879$1,381$998$711$501$144
29 years$1,795$1,303$929$652$452$123
30 years$1,716$1,230$865$598$409$105
31 years$1,643$1,163$806$550$369$90
32 years$1,574$1,100$752$505$334$77
33 years$1,510$1,042$703$465$302$66
34 years$1,449$988$656$427$274$56
35 years$1,392$937$614$393$248$48
36 years$1,339$889$574$362$225$41
37 years$1,288$844$537$334$204$35
38 years$1,241$803$503$308$185$30
39 years$1,195$763$471$284$167$26
40 years$1,153$726$442$262$152$22
41 years$1,112$691$414$241$138$19
42 years$1,073$658$389$223$125$16
43 years$1,037$627$365$206$113$14
44 years$1,002$598$342$190$103$12
45 years$968$570$321$175$94$10
46 years$937$544$302$162$85$9
47 years$906$519$284$150$77$7
48 years$877$495$267$138$70$6
49 years$850$473$251$128$64$5
50 years$823$452$236$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $843,000, adding $3,329 every year, while hoping to spend $42,191 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: 51/38/11 Blend
39$843,000$843,000$843,000$843,000
40$932,420$887,741$874,674$977,092
41$982,636$886,349$859,085$1,006,579
42$1,036,560$883,475$841,559$1,033,853
43$1,094,525$879,002$821,988$1,062,531
44$1,156,899$872,805$800,257$1,092,757
45$1,224,082$864,753$776,245$1,124,691
46$1,296,518$854,705$749,828$1,158,512
47$1,374,690$842,513$720,876$1,194,418
48$1,459,133$828,021$689,249$1,232,631
49$1,550,433$811,061$654,807$1,273,397
50$1,649,232$791,459$617,398$1,316,992
51$1,756,240$769,026$576,867$1,363,722
52$1,872,234$743,566$533,050$1,413,926
53$1,998,071$714,870$485,776$1,467,983
54$2,134,691$682,715$434,867$1,526,314
55$2,283,131$646,869$380,136$1,589,387
56$2,444,528$607,084$321,388$1,657,719
57$2,620,136$563,097$258,421$1,731,890
58$2,811,334$514,633$191,022$1,812,538
59$3,019,638$461,398$118,969$1,900,375
60$3,246,717$403,083$42,031$1,996,190
61$3,494,410$339,362$0$2,100,858
62$3,764,738$269,889$0$2,220,052
63$4,059,927$194,299$0$2,355,716
64$4,382,428$112,208$0$2,504,135
65$4,734,939$23,209$0$2,666,662
66$5,120,428$0$0$2,844,796
67$5,542,167$0$0$3,070,772
68$6,003,757$0$0$3,328,808
69$6,509,161$0$0$3,611,424
70$7,062,748$0$0$3,921,075
71$7,669,323$0$0$4,260,460
72$8,334,185$0$0$4,632,555
73$9,063,163$0$0$5,040,636
74$9,862,683$0$0$5,488,311
75$10,739,818$0$0$5,979,555
76$11,702,362$0$0$6,518,747
77$12,758,899$0$0$7,110,708
78$13,918,884$0$0$7,760,751
79$15,192,732$0$0$8,474,728
80$16,591,918$0$0$9,259,086
81$18,129,081$0$0$10,120,926
82$19,818,145$0$0$11,068,072
83$21,674,451$0$0$12,109,144
84$23,714,897$0$0$13,253,638
85$25,958,103$0$0$14,512,014
86$28,424,582$0$0$15,895,800
87$31,136,932$0$0$17,417,695
88$34,120,052$0$0$19,091,689
89$37,401,376$0$0$20,933,198
90$41,011,129$0$0$22,959,207
91$44,982,613$0$0$25,188,429
92$49,352,522$0$0$27,641,486
93$54,161,284$0$0$30,341,094
94$59,453,447$0$0$33,312,288
95$65,278,093$0$0$36,582,651
96$71,689,305$0$0$40,182,575
97$78,746,676$0$0$44,145,549
98$86,515,868$0$0$48,508,473
99$95,069,234$0$0$53,312,008
100$104,486,499$0$0$58,600,957