Can I retire at age 40 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$70,110$69,485$68,876$68,281$67,700$65,533
2 years$34,708$34,061$33,435$32,827$32,238$30,075
3 years$22,909$22,259$21,635$21,033$20,453$18,362
4 years$17,010$16,363$15,744$15,153$14,587$12,583
5 years$13,472$12,829$12,218$11,639$11,089$9,178
6 years$11,114$10,476$9,874$9,308$8,774$6,958
7 years$9,431$8,797$8,206$7,652$7,136$5,414
8 years$8,168$7,541$6,959$6,419$5,920$4,291
9 years$7,187$6,566$5,994$5,468$4,985$3,448
10 years$6,403$5,787$5,225$4,713$4,248$2,800
11 years$5,761$5,152$4,600$4,102$3,653$2,292
12 years$5,227$4,624$4,083$3,598$3,166$1,888
13 years$4,776$4,179$3,648$3,177$2,761$1,563
14 years$4,389$3,799$3,277$2,820$2,420$1,299
15 years$4,054$3,470$2,959$2,515$2,131$1,084
16 years$3,761$3,184$2,683$2,252$1,883$907
17 years$3,503$2,932$2,441$2,023$1,670$760
18 years$3,274$2,709$2,229$1,823$1,485$638
19 years$3,070$2,511$2,040$1,647$1,323$537
20 years$2,885$2,333$1,872$1,492$1,182$452
21 years$2,719$2,174$1,722$1,354$1,058$381
22 years$2,568$2,029$1,587$1,231$948$322
23 years$2,431$1,898$1,466$1,121$851$272
24 years$2,305$1,778$1,355$1,023$765$230
25 years$2,189$1,668$1,255$934$688$194
26 years$2,082$1,568$1,164$854$620$164
27 years$1,984$1,476$1,081$782$559$139
28 years$1,892$1,391$1,005$716$504$118
29 years$1,807$1,312$935$657$455$100
30 years$1,728$1,239$871$603$412$85
31 years$1,654$1,171$812$554$372$72
32 years$1,585$1,108$758$509$337$61
33 years$1,520$1,049$708$468$305$51
34 years$1,460$995$661$430$276$44
35 years$1,402$943$618$396$250$37
36 years$1,348$895$578$365$226$31
37 years$1,298$850$541$336$205$27
38 years$1,249$808$507$310$186$23
39 years$1,204$769$475$286$169$19
40 years$1,161$731$445$264$153$16
41 years$1,120$696$417$243$139$14
42 years$1,081$663$391$224$126$12
43 years$1,044$632$367$207$114$10
44 years$1,009$602$345$191$104$8
45 years$975$574$324$177$94$7
46 years$943$548$304$163$86$6
47 years$913$523$286$151$78$5
48 years$884$499$268$139$71$4
49 years$856$476$252$129$64$4
50 years$829$455$237$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $849,000, adding $4,948 every year, while hoping to spend $21,631 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: 69/18/13 Blend
39$849,000$849,000$849,000$849,000
40$940,702$895,705$882,545$1,002,566
41$1,013,638$916,579$889,095$1,065,196
42$1,093,289$937,751$895,140$1,130,632
43$1,180,317$959,213$900,639$1,201,659
44$1,275,450$980,955$905,551$1,278,826
45$1,379,490$1,002,967$909,832$1,362,735
46$1,493,323$1,025,237$913,436$1,454,048
47$1,617,919$1,047,751$916,313$1,553,497
48$1,754,351$1,070,495$918,414$1,661,887
49$1,903,799$1,093,453$919,685$1,780,105
50$2,067,561$1,116,606$920,069$1,909,127
51$2,247,068$1,139,936$919,507$2,050,031
52$2,443,896$1,163,421$917,938$2,204,001
53$2,659,781$1,187,036$915,297$2,372,345
54$2,896,635$1,210,757$911,515$2,556,503
55$3,156,563$1,234,555$906,522$2,758,060
56$3,441,884$1,258,399$900,242$2,978,765
57$3,755,153$1,282,258$892,597$3,220,543
58$4,099,185$1,306,096$883,506$3,485,517
59$4,477,080$1,329,872$872,881$3,776,026
60$4,892,254$1,353,547$860,634$4,094,646
61$5,348,468$1,377,076$846,670$4,444,218
62$5,849,868$1,400,409$830,889$4,827,870
63$6,401,020$1,423,494$813,190$5,249,053
64$7,006,956$1,446,277$793,463$5,711,565
65$7,673,217$1,468,696$771,596$6,219,596
66$8,405,911$1,490,688$747,470$6,777,760
67$9,211,766$1,512,184$720,962$7,391,145
68$10,098,194$1,533,109$691,942$8,065,355
69$11,073,362$1,553,384$660,275$8,806,567
70$12,146,270$1,572,925$625,820$9,621,590
71$13,326,833$1,591,641$588,428$10,517,925
72$14,625,975$1,609,437$547,945$11,503,842
73$16,055,733$1,626,208$504,210$12,588,450
74$17,629,371$1,641,845$457,054$13,781,793
75$19,361,502$1,656,230$406,301$15,094,937
76$21,268,230$1,669,240$351,766$16,540,078
77$23,367,297$1,680,741$293,258$18,130,657
78$25,678,255$1,690,590$230,576$19,881,486
79$28,222,646$1,698,639$163,509$21,808,890
80$31,024,210$1,704,726$91,841$23,930,860
81$34,109,103$1,708,681$15,341$26,267,223
82$37,506,148$1,710,323$0$28,839,829
83$41,247,107$1,709,461$0$31,681,954
84$45,366,976$1,705,888$0$34,813,810
85$49,904,321$1,699,390$0$38,262,550
86$54,901,637$1,689,736$0$42,060,442
87$60,405,752$1,676,681$0$46,243,047
88$66,468,268$1,659,967$0$50,849,554
89$73,146,046$1,639,320$0$55,923,146
90$80,501,744$1,614,449$0$61,511,413
91$88,604,410$1,585,045$0$67,666,798
92$97,530,131$1,550,783$0$74,447,093
93$107,362,748$1,511,316$0$81,915,988
94$118,194,656$1,466,277$0$90,143,665
95$130,127,667$1,415,281$0$99,207,468
96$143,273,976$1,357,916$0$109,192,630
97$157,757,216$1,293,749$0$120,193,078
98$173,713,630$1,222,321$0$132,312,320
99$191,293,351$1,143,146$0$145,664,422
100$210,661,823$1,055,710$0$160,375,089