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%18.7%
1 years$69,697$69,076$68,470$67,879$67,302$64,940
2 years$34,503$33,861$33,238$32,634$32,048$29,693
3 years$22,774$22,128$21,507$20,909$20,333$18,059
4 years$16,910$16,267$15,652$15,064$14,502$12,326
5 years$13,393$12,753$12,146$11,570$11,024$8,953
6 years$11,049$10,414$9,816$9,253$8,723$6,757
7 years$9,375$8,746$8,157$7,607$7,094$5,234
8 years$8,120$7,497$6,918$6,382$5,885$4,129
9 years$7,145$6,527$5,958$5,436$4,956$3,302
10 years$6,365$5,753$5,195$4,686$4,223$2,667
11 years$5,728$5,122$4,573$4,078$3,632$2,172
12 years$5,197$4,597$4,059$3,577$3,147$1,780
13 years$4,748$4,154$3,626$3,158$2,744$1,465
14 years$4,363$3,776$3,258$2,803$2,406$1,212
15 years$4,030$3,450$2,942$2,500$2,118$1,005
16 years$3,739$3,165$2,667$2,238$1,872$836
17 years$3,483$2,915$2,427$2,011$1,660$696
18 years$3,255$2,693$2,215$1,813$1,476$582
19 years$3,051$2,496$2,028$1,638$1,316$486
20 years$2,868$2,320$1,861$1,483$1,175$407
21 years$2,703$2,161$1,712$1,346$1,052$341
22 years$2,553$2,017$1,578$1,224$943$286
23 years$2,416$1,886$1,457$1,115$846$240
24 years$2,291$1,767$1,347$1,017$760$202
25 years$2,176$1,659$1,248$929$684$169
26 years$2,070$1,559$1,157$849$616$142
27 years$1,972$1,467$1,075$777$556$120
28 years$1,881$1,382$999$712$501$101
29 years$1,797$1,304$930$653$453$85
30 years$1,718$1,232$866$599$409$71
31 years$1,645$1,164$807$550$370$60
32 years$1,576$1,102$753$506$335$51
33 years$1,511$1,043$703$465$303$43
34 years$1,451$989$657$428$274$36
35 years$1,394$938$614$394$248$30
36 years$1,340$890$575$363$225$25
37 years$1,290$845$538$334$204$21
38 years$1,242$803$504$308$185$18
39 years$1,197$764$472$284$168$15
40 years$1,154$727$442$262$152$13
41 years$1,113$692$415$242$138$11
42 years$1,075$659$389$223$125$9
43 years$1,038$628$365$206$114$8
44 years$1,003$599$343$190$103$6
45 years$969$571$322$176$94$5
46 years$938$544$302$162$85$5
47 years$907$520$284$150$77$4
48 years$878$496$267$138$70$3
49 years$851$474$251$128$64$3
50 years$824$452$236$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $844,000, adding $5,035 every year, while hoping to spend $36,530 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: 73/16/11 Blend
39$844,000$844,000$844,000$844,000
40$935,282$890,550$877,468$1,001,175
41$991,813$895,319$867,995$1,050,164
42$1,052,886$899,098$856,981$1,098,782
43$1,118,925$901,798$844,335$1,151,032
44$1,190,398$903,329$829,963$1,207,264
45$1,267,817$903,591$813,765$1,267,863
46$1,351,747$902,480$795,639$1,333,254
47$1,442,809$899,884$775,476$1,403,904
48$1,541,683$895,687$753,163$1,480,330
49$1,649,122$889,762$728,581$1,563,102
50$1,765,950$881,979$701,606$1,652,848
51$1,893,077$872,195$672,109$1,750,260
52$2,031,501$860,263$639,955$1,856,102
53$2,182,321$846,023$605,001$1,971,215
54$2,346,750$829,310$567,100$2,096,530
55$2,526,117$809,945$526,097$2,233,070
56$2,721,890$787,742$481,831$2,381,965
57$2,935,683$762,501$434,132$2,544,461
58$3,169,271$734,012$382,824$2,721,932
59$3,424,611$702,053$327,722$2,915,893
60$3,703,856$666,388$268,636$3,128,015
61$4,009,377$626,768$205,363$3,360,141
62$4,343,784$582,931$137,693$3,614,303
63$4,709,953$534,597$65,409$3,892,743
64$5,111,048$481,473$0$4,197,932
65$5,550,557$423,247$0$4,533,973
66$6,032,319$359,591$0$4,910,775
67$6,560,561$290,157$0$5,323,998
68$7,139,942$214,578$0$5,777,325
69$7,775,592$132,468$0$6,274,820
70$8,473,160$43,416$0$6,820,959
71$9,238,870$0$0$7,420,675
72$10,079,579$0$0$8,088,740
73$11,002,837$0$0$8,830,838
74$12,016,965$0$0$9,646,018
75$13,131,127$0$0$10,541,650
76$14,355,419$0$0$11,525,857
77$15,700,963$0$0$12,607,585
78$17,180,014$0$0$13,796,691
79$18,806,071$0$0$15,104,034
80$20,594,007$0$0$16,541,580
81$22,560,209$0$0$18,122,508
82$24,722,730$0$0$19,861,342
83$27,101,462$0$0$21,774,082
84$29,718,320$0$0$23,878,359
85$32,597,452$0$0$26,193,597
86$35,765,463$0$0$28,741,198
87$39,251,668$0$0$31,544,744
88$43,088,366$0$0$34,630,218
89$47,311,149$0$0$38,026,249
90$51,959,230$0$0$41,764,383
91$57,075,819$0$0$45,879,380
92$62,708,527$0$0$50,409,540
93$68,909,818$0$0$55,397,066
94$75,737,498$0$0$60,888,461
95$83,255,267$0$0$66,934,966
96$91,533,313$0$0$73,593,045
97$100,648,979$0$0$80,924,916
98$110,687,490$0$0$88,999,136
99$121,742,757$0$0$97,891,254
100$133,918,263$0$0$107,684,515