Can I retire at age 40 with 844,000?

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 $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%15.8%
1 years$69,697$69,076$68,470$67,879$67,302$65,701
2 years$34,503$33,861$33,238$32,634$32,048$30,446
3 years$22,774$22,128$21,507$20,909$20,333$18,777
4 years$16,910$16,267$15,652$15,064$14,502$13,006
5 years$13,393$12,753$12,146$11,570$11,024$9,591
6 years$11,049$10,414$9,816$9,253$8,723$7,356
7 years$9,375$8,746$8,157$7,607$7,094$5,792
8 years$8,120$7,497$6,918$6,382$5,885$4,648
9 years$7,145$6,527$5,958$5,436$4,956$3,783
10 years$6,365$5,753$5,195$4,686$4,223$3,112
11 years$5,728$5,122$4,573$4,078$3,632$2,582
12 years$5,197$4,597$4,059$3,577$3,147$2,156
13 years$4,748$4,154$3,626$3,158$2,744$1,811
14 years$4,363$3,776$3,258$2,803$2,406$1,527
15 years$4,030$3,450$2,942$2,500$2,118$1,293
16 years$3,739$3,165$2,667$2,238$1,872$1,098
17 years$3,483$2,915$2,427$2,011$1,660$935
18 years$3,255$2,693$2,215$1,813$1,476$797
19 years$3,051$2,496$2,028$1,638$1,316$681
20 years$2,868$2,320$1,861$1,483$1,175$583
21 years$2,703$2,161$1,712$1,346$1,052$500
22 years$2,553$2,017$1,578$1,224$943$429
23 years$2,416$1,886$1,457$1,115$846$368
24 years$2,291$1,767$1,347$1,017$760$316
25 years$2,176$1,659$1,248$929$684$272
26 years$2,070$1,559$1,157$849$616$234
27 years$1,972$1,467$1,075$777$556$202
28 years$1,881$1,382$999$712$501$174
29 years$1,797$1,304$930$653$453$150
30 years$1,718$1,232$866$599$409$129
31 years$1,645$1,164$807$550$370$111
32 years$1,576$1,102$753$506$335$96
33 years$1,511$1,043$703$465$303$83
34 years$1,451$989$657$428$274$71
35 years$1,394$938$614$394$248$62
36 years$1,340$890$575$363$225$53
37 years$1,290$845$538$334$204$46
38 years$1,242$803$504$308$185$40
39 years$1,197$764$472$284$168$34
40 years$1,154$727$442$262$152$29
41 years$1,113$692$415$242$138$25
42 years$1,075$659$389$223$125$22
43 years$1,038$628$365$206$114$19
44 years$1,003$599$343$190$103$16
45 years$969$571$322$176$94$14
46 years$938$544$302$162$85$12
47 years$907$520$284$150$77$11
48 years$878$496$267$138$70$9
49 years$851$474$251$128$64$8
50 years$824$452$236$118$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $844,000, adding $5,345 every year, while hoping to spend $30,817 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: 64/19/17 Blend
39$844,000$844,000$844,000$844,000
40$935,601$890,869$877,787$991,200
41$998,244$901,733$874,404$1,040,027
42$1,066,243$912,096$869,875$1,089,337
43$1,140,112$921,901$864,128$1,142,466
44$1,220,417$931,088$857,090$1,199,787
45$1,307,780$939,592$848,683$1,261,711
46$1,402,884$947,343$838,825$1,328,693
47$1,506,483$954,267$827,430$1,401,234
48$1,619,406$960,287$814,410$1,479,888
49$1,742,562$965,319$799,670$1,565,264
50$1,876,957$969,273$783,113$1,658,035
51$2,023,695$972,056$764,635$1,758,945
52$2,183,992$973,566$744,131$1,868,810
53$2,359,186$973,698$721,486$1,988,536
54$2,550,752$972,338$696,584$2,119,117
55$2,760,312$969,365$669,303$2,261,654
56$2,989,652$964,652$639,513$2,417,357
57$3,240,740$958,064$607,080$2,587,566
58$3,515,743$949,456$571,865$2,773,753
59$3,817,046$938,677$533,719$2,977,546
60$4,147,276$925,565$492,491$3,200,739
61$4,509,329$909,948$448,020$3,445,311
62$4,906,390$891,645$400,139$3,713,444
63$5,341,971$870,464$348,672$4,007,546
64$5,819,937$846,202$293,438$4,330,270
65$6,344,549$818,644$234,246$4,684,544
66$6,920,496$787,561$170,896$5,073,598
67$7,552,947$752,712$103,182$5,500,990
68$8,247,595$713,842$30,886$5,970,648
69$9,010,711$670,681$0$6,486,901
70$9,849,203$622,944$0$7,062,915
71$10,770,683$570,330$0$7,702,087
72$11,783,534$512,518$0$8,404,659
73$12,896,995$449,172$0$9,177,077
74$14,121,243$379,935$0$10,026,449
75$15,467,489$304,432$0$10,960,607
76$16,948,088$222,264$0$11,988,184
77$18,576,650$133,012$0$13,118,696
78$20,368,171$36,232$0$14,362,629
79$22,339,173$0$0$15,731,544
80$24,507,861$0$0$17,252,512
81$26,894,292$0$0$18,934,594
82$29,520,569$0$0$20,785,802
83$32,411,042$0$0$22,823,309
84$35,592,544$0$0$25,066,039
85$39,094,640$0$0$27,534,842
86$42,949,907$0$0$30,252,693
87$47,194,240$0$0$33,244,908
88$51,867,194$0$0$36,539,381
89$57,012,353$0$0$40,166,851
90$62,677,740$0$0$44,161,186
91$68,916,277$0$0$48,559,710
92$75,786,274$0$0$53,403,546
93$83,351,988$0$0$58,738,013
94$91,684,223$0$0$64,613,045
95$100,861,002$0$0$71,083,668
96$110,968,300$0$0$78,210,518
97$122,100,855$0$0$86,060,411
98$134,363,066$0$0$94,706,974
99$147,869,971$0$0$104,231,341
100$162,748,340$0$0$114,722,918