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%13.2%
1 years$69,697$69,076$68,470$67,879$67,302$66,406
2 years$34,503$33,861$33,238$32,634$32,048$31,147
3 years$22,774$22,128$21,507$20,909$20,333$19,454
4 years$16,910$16,267$15,652$15,064$14,502$13,652
5 years$13,393$12,753$12,146$11,570$11,024$10,207
6 years$11,049$10,414$9,816$9,253$8,723$7,939
7 years$9,375$8,746$8,157$7,607$7,094$6,343
8 years$8,120$7,497$6,918$6,382$5,885$5,167
9 years$7,145$6,527$5,958$5,436$4,956$4,271
10 years$6,365$5,753$5,195$4,686$4,223$3,570
11 years$5,728$5,122$4,573$4,078$3,632$3,011
12 years$5,197$4,597$4,059$3,577$3,147$2,557
13 years$4,748$4,154$3,626$3,158$2,744$2,185
14 years$4,363$3,776$3,258$2,803$2,406$1,876
15 years$4,030$3,450$2,942$2,500$2,118$1,617
16 years$3,739$3,165$2,667$2,238$1,872$1,398
17 years$3,483$2,915$2,427$2,011$1,660$1,212
18 years$3,255$2,693$2,215$1,813$1,476$1,054
19 years$3,051$2,496$2,028$1,638$1,316$918
20 years$2,868$2,320$1,861$1,483$1,175$801
21 years$2,703$2,161$1,712$1,346$1,052$700
22 years$2,553$2,017$1,578$1,224$943$613
23 years$2,416$1,886$1,457$1,115$846$537
24 years$2,291$1,767$1,347$1,017$760$471
25 years$2,176$1,659$1,248$929$684$414
26 years$2,070$1,559$1,157$849$616$363
27 years$1,972$1,467$1,075$777$556$320
28 years$1,881$1,382$999$712$501$281
29 years$1,797$1,304$930$653$453$247
30 years$1,718$1,232$866$599$409$218
31 years$1,645$1,164$807$550$370$192
32 years$1,576$1,102$753$506$335$169
33 years$1,511$1,043$703$465$303$149
34 years$1,451$989$657$428$274$131
35 years$1,394$938$614$394$248$116
36 years$1,340$890$575$363$225$102
37 years$1,290$845$538$334$204$90
38 years$1,242$803$504$308$185$80
39 years$1,197$764$472$284$168$70
40 years$1,154$727$442$262$152$62
41 years$1,113$692$415$242$138$55
42 years$1,075$659$389$223$125$48
43 years$1,038$628$365$206$114$43
44 years$1,003$599$343$190$103$38
45 years$969$571$322$176$94$33
46 years$938$544$302$162$85$29
47 years$907$520$284$150$77$26
48 years$878$496$267$138$70$23
49 years$851$474$251$128$64$20
50 years$824$452$236$118$58$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $844,000, adding $3,737 every year, while hoping to spend $58,149 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: 76/14/10 Blend
39$844,000$844,000$844,000$844,000
40$933,943$889,211$876,129$1,002,995
41$967,335$870,912$843,609$1,030,679
42$1,002,184$849,768$808,051$1,053,257
43$1,038,577$825,577$769,291$1,076,355
44$1,076,609$798,127$727,160$1,100,004
45$1,116,382$767,194$681,478$1,124,238
46$1,158,004$732,538$632,059$1,149,094
47$1,201,597$693,908$578,709$1,174,616
48$1,247,288$651,038$521,224$1,200,853
49$1,295,219$603,646$459,392$1,227,858
50$1,345,540$551,434$392,991$1,255,692
51$1,398,418$494,088$321,789$1,284,424
52$1,454,032$431,273$245,545$1,314,130
53$1,512,578$362,640$164,004$1,344,896
54$1,574,267$287,815$76,905$1,376,820
55$1,639,332$206,408$0$1,410,009
56$1,708,025$118,003$0$1,446,296
57$1,780,622$22,163$0$1,492,974
58$1,857,422$0$0$1,542,011
59$1,938,754$0$0$1,606,177
60$2,024,976$0$0$1,677,836
61$2,116,479$0$0$1,753,901
62$2,213,691$0$0$1,834,729
63$2,317,081$0$0$1,920,713
64$2,427,162$0$0$2,012,281
65$2,544,493$0$0$2,109,902
66$2,669,689$0$0$2,214,090
67$2,803,424$0$0$2,325,408
68$2,946,434$0$0$2,444,473
69$3,099,529$0$0$2,571,961
70$3,263,595$0$0$2,708,615
71$3,439,606$0$0$2,855,249
72$3,628,627$0$0$3,012,756
73$3,831,832$0$0$3,182,116
74$4,050,506$0$0$3,364,405
75$4,286,061$0$0$3,560,806
76$4,540,048$0$0$3,772,616
77$4,814,172$0$0$4,001,262
78$5,110,303$0$0$4,248,312
79$5,430,501$0$0$4,515,486
80$5,777,025$0$0$4,804,678
81$6,152,363$0$0$5,117,969
82$6,559,246$0$0$5,457,647
83$7,000,680$0$0$5,826,228
84$7,479,972$0$0$6,226,479
85$8,000,755$0$0$6,661,444
86$8,567,030$0$0$7,134,471
87$9,183,196$0$0$7,649,244
88$9,854,094$0$0$8,209,816
89$10,585,052$0$0$8,820,647
90$11,381,932$0$0$9,486,647
91$12,251,185$0$0$10,213,216
92$13,199,913$0$0$11,006,302
93$14,235,933$0$0$11,872,450
94$15,367,851$0$0$12,818,865
95$16,605,140$0$0$13,853,480
96$17,958,229$0$0$14,985,030
97$19,438,605$0$0$16,223,130
98$21,058,910$0$0$17,578,370
99$22,833,070$0$0$19,062,410
100$24,776,418$0$0$20,688,089