Can I retire at age 40 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$70,853$70,222$69,606$69,005$68,418$65,678
2 years$35,076$34,422$33,789$33,175$32,580$29,853
3 years$23,151$22,495$21,864$21,256$20,670$18,043
4 years$17,191$16,537$15,911$15,314$14,742$12,235
5 years$13,615$12,965$12,348$11,762$11,207$8,826
6 years$11,232$10,587$9,979$9,406$8,867$6,614
7 years$9,531$8,891$8,293$7,734$7,212$5,085
8 years$8,255$7,621$7,033$6,487$5,983$3,981
9 years$7,264$6,635$6,057$5,526$5,038$3,158
10 years$6,471$5,849$5,281$4,763$4,293$2,530
11 years$5,823$5,207$4,649$4,146$3,692$2,043
12 years$5,283$4,673$4,126$3,636$3,199$1,659
13 years$4,826$4,223$3,686$3,210$2,790$1,354
14 years$4,436$3,839$3,312$2,850$2,446$1,109
15 years$4,097$3,507$2,990$2,541$2,153$912
16 years$3,801$3,218$2,711$2,276$1,903$751
17 years$3,541$2,963$2,467$2,045$1,687$620
18 years$3,309$2,738$2,252$1,843$1,500$513
19 years$3,102$2,538$2,062$1,665$1,337$424
20 years$2,916$2,358$1,892$1,508$1,195$352
21 years$2,748$2,197$1,740$1,369$1,069$292
22 years$2,595$2,050$1,604$1,244$958$242
23 years$2,456$1,918$1,481$1,133$860$201
24 years$2,329$1,797$1,370$1,034$773$167
25 years$2,212$1,686$1,269$944$696$139
26 years$2,104$1,585$1,177$863$627$116
27 years$2,005$1,491$1,093$790$565$96
28 years$1,912$1,405$1,016$724$510$80
29 years$1,826$1,326$945$664$460$67
30 years$1,747$1,252$880$609$416$56
31 years$1,672$1,184$821$559$376$46
32 years$1,602$1,120$766$514$340$39
33 years$1,537$1,061$715$473$308$32
34 years$1,475$1,005$668$435$279$27
35 years$1,417$953$625$400$252$22
36 years$1,363$905$584$369$229$19
37 years$1,311$859$547$340$207$15
38 years$1,263$817$512$313$188$13
39 years$1,217$777$480$289$170$11
40 years$1,173$739$450$266$155$9
41 years$1,132$703$422$246$140$7
42 years$1,092$670$396$227$127$6
43 years$1,055$638$371$209$115$5
44 years$1,019$608$348$193$105$4
45 years$986$580$327$179$95$4
46 years$953$553$307$165$86$3
47 years$922$528$289$152$78$2
48 years$893$504$271$141$71$2
49 years$865$482$255$130$65$2
50 years$838$460$240$120$59$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $858,000, adding $2,999 every year, while hoping to spend $43,134 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: 71/9/20 Blend
39$858,000$858,000$858,000$858,000
40$948,609$903,135$889,836$1,011,147
41$999,473$901,495$873,752$1,051,556
42$1,054,080$898,328$855,683$1,090,368
43$1,112,765$893,515$835,517$1,131,786
44$1,175,897$886,928$813,137$1,176,063
45$1,243,883$878,432$788,421$1,223,478
46$1,317,167$867,882$761,241$1,274,339
47$1,396,237$855,128$731,462$1,328,987
48$1,481,631$840,007$698,944$1,387,798
49$1,573,939$822,349$663,540$1,451,186
50$1,673,810$801,973$625,098$1,519,612
51$1,781,956$778,688$583,456$1,593,582
52$1,899,162$752,290$538,449$1,673,656
53$2,026,290$722,565$489,900$1,760,452
54$2,164,287$689,286$437,627$1,854,652
55$2,314,197$652,214$381,440$1,957,011
56$2,477,165$611,092$321,138$2,068,360
57$2,654,454$565,654$256,515$2,189,620
58$2,847,452$515,615$187,352$2,321,803
59$3,057,687$460,675$113,422$2,466,032
60$3,286,839$400,516$34,490$2,623,541
61$3,536,758$334,803$0$2,795,696
62$3,809,481$263,182$0$2,994,619
63$4,107,250$185,279$0$3,219,903
64$4,432,530$100,698$0$3,466,071
65$4,788,038$9,023$0$3,735,209
66$5,176,766$0$0$4,029,616
67$5,602,004$0$0$4,360,754
68$6,067,379$0$0$4,724,168
69$6,576,882$0$0$5,122,087
70$7,134,909$0$0$5,557,949
71$7,746,301$0$0$6,035,541
72$8,416,390$0$0$6,559,035
73$9,151,046$0$0$7,133,022
74$9,956,738$0$0$7,762,562
75$10,840,587$0$0$8,453,228
76$11,810,438$0$0$9,211,157
77$12,874,935$0$0$10,043,108
78$14,043,594$0$0$10,956,530
79$15,326,902$0$0$11,959,625
80$16,736,410$0$0$13,061,430
81$18,284,842$0$0$14,271,900
82$19,986,216$0$0$15,602,001
83$21,855,973$0$0$17,063,815
84$23,911,128$0$0$18,670,652
85$26,170,422$0$0$20,437,176
86$28,654,506$0$0$22,379,541
87$31,386,130$0$0$24,515,548
88$34,390,358$0$0$26,864,806
89$37,694,807$0$0$29,448,922
90$41,329,904$0$0$32,291,701
91$45,329,173$0$0$35,419,371
92$49,729,551$0$0$38,860,832
93$54,571,737$0$0$42,647,926
94$59,900,574$0$0$46,815,736
95$65,765,472$0$0$51,402,922
96$72,220,873$0$0$56,452,078
97$79,326,765$0$0$62,010,138
98$87,149,249$0$0$68,128,820
99$95,761,157$0$0$74,865,106
100$105,242,744$0$0$82,281,789