Can I retire at age 40 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$69,697$69,076$68,470$67,879$67,302$65,383
2 years$34,503$33,861$33,238$32,634$32,048$30,131
3 years$22,774$22,128$21,507$20,909$20,333$18,476
4 years$16,910$16,267$15,652$15,064$14,502$12,719
5 years$13,393$12,753$12,146$11,570$11,024$9,321
6 years$11,049$10,414$9,816$9,253$8,723$7,102
7 years$9,375$8,746$8,157$7,607$7,094$5,554
8 years$8,120$7,497$6,918$6,382$5,885$4,426
9 years$7,145$6,527$5,958$5,436$4,956$3,576
10 years$6,365$5,753$5,195$4,686$4,223$2,920
11 years$5,728$5,122$4,573$4,078$3,632$2,404
12 years$5,197$4,597$4,059$3,577$3,147$1,992
13 years$4,748$4,154$3,626$3,158$2,744$1,659
14 years$4,363$3,776$3,258$2,803$2,406$1,388
15 years$4,030$3,450$2,942$2,500$2,118$1,165
16 years$3,739$3,165$2,667$2,238$1,872$981
17 years$3,483$2,915$2,427$2,011$1,660$828
18 years$3,255$2,693$2,215$1,813$1,476$700
19 years$3,051$2,496$2,028$1,638$1,316$593
20 years$2,868$2,320$1,861$1,483$1,175$503
21 years$2,703$2,161$1,712$1,346$1,052$427
22 years$2,553$2,017$1,578$1,224$943$363
23 years$2,416$1,886$1,457$1,115$846$309
24 years$2,291$1,767$1,347$1,017$760$263
25 years$2,176$1,659$1,248$929$684$224
26 years$2,070$1,559$1,157$849$616$191
27 years$1,972$1,467$1,075$777$556$163
28 years$1,881$1,382$999$712$501$139
29 years$1,797$1,304$930$653$453$118
30 years$1,718$1,232$866$599$409$101
31 years$1,645$1,164$807$550$370$86
32 years$1,576$1,102$753$506$335$74
33 years$1,511$1,043$703$465$303$63
34 years$1,451$989$657$428$274$54
35 years$1,394$938$614$394$248$46
36 years$1,340$890$575$363$225$39
37 years$1,290$845$538$334$204$33
38 years$1,242$803$504$308$185$29
39 years$1,197$764$472$284$168$24
40 years$1,154$727$442$262$152$21
41 years$1,113$692$415$242$138$18
42 years$1,075$659$389$223$125$15
43 years$1,038$628$365$206$114$13
44 years$1,003$599$343$190$103$11
45 years$969$571$322$176$94$10
46 years$938$544$302$162$85$8
47 years$907$520$284$150$77$7
48 years$878$496$267$138$70$6
49 years$851$474$251$128$64$5
50 years$824$452$236$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $844,000, adding $6,296 every year, while hoping to spend $32,635 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: 47/23/30 Blend
39$844,000$844,000$844,000$844,000
40$936,582$891,850$878,768$972,282
41$997,390$900,828$873,484$1,007,160
42$1,063,307$909,151$866,928$1,041,352
43$1,134,819$916,754$859,025$1,077,853
44$1,212,461$923,566$849,693$1,116,898
45$1,296,823$929,511$838,848$1,158,747
46$1,388,551$934,509$826,402$1,203,689
47$1,488,358$938,475$812,261$1,252,044
48$1,597,027$941,317$796,329$1,304,166
49$1,715,423$942,940$778,504$1,360,447
50$1,844,492$943,241$758,681$1,421,320
51$1,985,281$942,110$736,747$1,487,267
52$2,138,939$939,433$712,587$1,558,819
53$2,306,731$935,086$686,080$1,636,565
54$2,490,052$928,939$657,097$1,721,154
55$2,690,434$920,853$625,507$1,813,308
56$2,909,566$910,683$591,169$1,913,823
57$3,149,308$898,273$553,940$2,023,578
58$3,411,708$883,459$513,667$2,143,549
59$3,699,019$866,065$470,192$2,274,811
60$4,013,724$845,907$423,348$2,418,555
61$4,358,557$822,790$372,964$2,576,095
62$4,736,530$796,507$318,858$2,748,886
63$5,150,958$766,838$260,842$2,938,534
64$5,605,493$733,550$198,718$3,146,813
65$6,104,159$696,400$132,280$3,375,685
66$6,651,387$655,127$61,315$3,627,314
67$7,252,056$609,456$0$3,904,095
68$7,911,545$559,098$0$4,213,282
69$8,635,774$503,745$0$4,574,426
70$9,431,267$443,074$0$4,971,178
71$10,305,213$376,740$0$5,407,178
72$11,265,527$304,383$0$5,886,438
73$12,320,933$225,620$0$6,413,383
74$13,481,039$140,047$0$6,992,891
75$14,756,433$47,237$0$7,630,343
76$16,158,776$0$0$8,331,670
77$17,700,921$0$0$9,116,892
78$19,397,023$0$0$9,993,761
79$21,262,682$0$0$10,958,399
80$23,315,084$0$0$12,019,707
81$25,573,164$0$0$13,187,490
82$28,057,787$0$0$14,472,552
83$30,791,941$0$0$15,886,799
84$33,800,954$0$0$17,443,348
85$37,112,736$0$0$19,156,651
86$40,758,038$0$0$21,042,635
87$44,770,746$0$0$23,118,848
88$49,188,193$0$0$25,404,625
89$54,051,522$0$0$27,921,272
90$59,406,064$0$0$30,692,267
91$65,301,769$0$0$33,743,479
92$71,793,679$0$0$37,103,413
93$78,942,445$0$0$40,803,480
94$86,814,898$0$0$44,878,293
95$95,484,681$0$0$49,365,993
96$105,032,944$0$0$54,308,606
97$115,549,108$0$0$59,752,445
98$127,131,709$0$0$65,748,542
99$139,889,328$0$0$72,353,135
100$153,941,615$0$0$79,628,190