Can I retire at age 40 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$69,862$69,240$68,632$68,040$67,461$65,407
2 years$34,585$33,941$33,317$32,711$32,124$30,072
3 years$22,828$22,181$21,558$20,959$20,381$18,395
4 years$16,950$16,305$15,689$15,099$14,536$12,632
5 years$13,425$12,784$12,175$11,598$11,050$9,233
6 years$11,075$10,439$9,839$9,275$8,743$7,015
7 years$9,397$8,766$8,177$7,625$7,111$5,471
8 years$8,140$7,514$6,934$6,397$5,899$4,347
9 years$7,162$6,543$5,973$5,449$4,968$3,501
10 years$6,380$5,767$5,207$4,697$4,233$2,850
11 years$5,741$5,134$4,584$4,088$3,640$2,339
12 years$5,209$4,608$4,068$3,585$3,155$1,932
13 years$4,759$4,164$3,635$3,165$2,751$1,604
14 years$4,373$3,785$3,266$2,810$2,411$1,337
15 years$4,040$3,458$2,949$2,506$2,123$1,118
16 years$3,748$3,173$2,673$2,244$1,877$938
17 years$3,491$2,922$2,433$2,016$1,664$789
18 years$3,263$2,700$2,221$1,817$1,479$664
19 years$3,059$2,502$2,033$1,642$1,319$561
20 years$2,875$2,325$1,866$1,487$1,178$474
21 years$2,710$2,166$1,716$1,349$1,054$401
22 years$2,559$2,022$1,582$1,227$945$339
23 years$2,422$1,891$1,460$1,117$848$287
24 years$2,296$1,772$1,351$1,019$762$244
25 years$2,181$1,663$1,251$931$686$207
26 years$2,075$1,563$1,160$851$618$176
27 years$1,977$1,471$1,077$779$557$149
28 years$1,886$1,386$1,002$714$503$127
29 years$1,801$1,307$932$654$454$108
30 years$1,722$1,235$868$601$410$91
31 years$1,648$1,167$809$552$371$78
32 years$1,580$1,104$755$507$335$66
33 years$1,515$1,046$705$466$304$56
34 years$1,454$991$659$429$275$48
35 years$1,397$940$616$395$249$41
36 years$1,344$892$576$364$226$35
37 years$1,293$847$539$335$204$29
38 years$1,245$805$505$309$185$25
39 years$1,200$766$473$285$168$21
40 years$1,157$729$443$263$152$18
41 years$1,116$694$416$242$138$15
42 years$1,077$661$390$224$125$13
43 years$1,040$629$366$206$114$11
44 years$1,005$600$344$191$103$9
45 years$972$572$323$176$94$8
46 years$940$546$303$163$85$7
47 years$909$521$285$150$77$6
48 years$880$497$268$139$70$5
49 years$853$475$251$128$64$4
50 years$826$454$236$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $846,000, adding $2,760 every year, while hoping to spend $33,676 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: 66/11/23 Blend
39$846,000$846,000$846,000$846,000
40$935,139$890,301$877,188$991,160
41$994,692$898,095$870,743$1,036,952
42$1,059,191$905,142$862,953$1,082,915
43$1,129,105$911,370$853,738$1,132,387
44$1,204,948$916,702$843,013$1,185,712
45$1,287,290$921,057$830,691$1,243,274
46$1,376,752$924,347$816,678$1,305,493
47$1,474,021$926,481$800,877$1,372,835
48$1,579,853$927,360$783,188$1,445,814
49$1,695,076$926,879$763,503$1,524,997
50$1,820,607$924,929$741,713$1,611,009
51$1,957,449$921,390$717,701$1,704,541
52$2,106,710$916,140$691,345$1,806,354
53$2,269,608$909,044$662,518$1,917,290
54$2,447,484$899,963$631,089$2,038,276
55$2,641,814$888,748$596,917$2,170,335
56$2,854,223$875,242$559,858$2,314,597
57$3,086,501$859,276$519,761$2,472,308
58$3,340,618$840,674$476,466$2,644,844
59$3,618,742$819,248$429,809$2,833,720
60$3,923,262$794,800$379,616$3,040,610
61$4,256,809$767,119$325,707$3,267,360
62$4,622,279$735,983$267,894$3,516,007
63$5,022,862$701,157$205,979$3,788,797
64$5,462,071$662,391$139,756$4,088,208
65$5,943,777$619,422$69,012$4,416,973
66$6,472,240$571,972$0$4,778,106
67$7,052,156$519,746$0$5,176,525
68$7,688,696$462,433$0$5,632,482
69$8,387,554$399,704$0$6,133,127
70$9,155,007$331,211$0$6,682,984
71$9,997,965$256,589$0$7,287,038
72$10,924,044$175,447$0$7,950,780
73$11,941,630$87,378$0$8,680,264
74$13,059,965$0$0$9,482,161
75$14,289,230$0$0$10,364,797
76$15,640,639$0$0$11,346,821
77$17,126,551$0$0$12,426,642
78$18,760,578$0$0$13,614,163
79$20,557,720$0$0$14,920,291
80$22,534,503$0$0$16,357,045
81$24,709,135$0$0$17,937,666
82$27,101,676$0$0$19,676,745
83$29,734,232$0$0$21,590,358
84$32,631,156$0$0$23,696,216
85$35,819,283$0$0$26,013,837
86$39,328,181$0$0$28,564,724
87$43,190,430$0$0$31,372,572
88$47,441,927$0$0$34,463,490
89$52,122,229$0$0$37,866,245
90$57,274,920$0$0$41,612,536
91$62,948,026$0$0$45,737,293
92$69,194,468$0$0$50,279,004
93$76,072,558$0$0$55,280,080
94$83,646,551$0$0$60,787,252
95$91,987,251$0$0$66,852,018
96$101,172,678$0$0$73,531,120
97$111,288,804$0$0$80,887,086
98$122,430,366$0$0$88,988,819
99$134,701,755$0$0$97,912,243
100$148,218,005$0$0$107,741,023