Can I retire at age 40 with 858,000?

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 $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%18.6%
1 years$70,853$70,222$69,606$69,005$68,418$66,043
2 years$35,076$34,422$33,789$33,175$32,580$30,212
3 years$23,151$22,495$21,864$21,256$20,670$18,383
4 years$17,191$16,537$15,911$15,314$14,742$12,554
5 years$13,615$12,965$12,348$11,762$11,207$9,123
6 years$11,232$10,587$9,979$9,406$8,867$6,890
7 years$9,531$8,891$8,293$7,734$7,212$5,339
8 years$8,255$7,621$7,033$6,487$5,983$4,215
9 years$7,264$6,635$6,057$5,526$5,038$3,372
10 years$6,471$5,849$5,281$4,763$4,293$2,726
11 years$5,823$5,207$4,649$4,146$3,692$2,221
12 years$5,283$4,673$4,126$3,636$3,199$1,821
13 years$4,826$4,223$3,686$3,210$2,790$1,501
14 years$4,436$3,839$3,312$2,850$2,446$1,242
15 years$4,097$3,507$2,990$2,541$2,153$1,031
16 years$3,801$3,218$2,711$2,276$1,903$858
17 years$3,541$2,963$2,467$2,045$1,687$715
18 years$3,309$2,738$2,252$1,843$1,500$598
19 years$3,102$2,538$2,062$1,665$1,337$500
20 years$2,916$2,358$1,892$1,508$1,195$419
21 years$2,748$2,197$1,740$1,369$1,069$351
22 years$2,595$2,050$1,604$1,244$958$295
23 years$2,456$1,918$1,481$1,133$860$248
24 years$2,329$1,797$1,370$1,034$773$208
25 years$2,212$1,686$1,269$944$696$175
26 years$2,104$1,585$1,177$863$627$147
27 years$2,005$1,491$1,093$790$565$124
28 years$1,912$1,405$1,016$724$510$104
29 years$1,826$1,326$945$664$460$88
30 years$1,747$1,252$880$609$416$74
31 years$1,672$1,184$821$559$376$62
32 years$1,602$1,120$766$514$340$53
33 years$1,537$1,061$715$473$308$44
34 years$1,475$1,005$668$435$279$37
35 years$1,417$953$625$400$252$31
36 years$1,363$905$584$369$229$26
37 years$1,311$859$547$340$207$22
38 years$1,263$817$512$313$188$19
39 years$1,217$777$480$289$170$16
40 years$1,173$739$450$266$155$13
41 years$1,132$703$422$246$140$11
42 years$1,092$670$396$227$127$10
43 years$1,055$638$371$209$115$8
44 years$1,019$608$348$193$105$7
45 years$986$580$327$179$95$6
46 years$953$553$307$165$86$5
47 years$922$528$289$152$78$4
48 years$893$504$271$141$71$3
49 years$865$482$255$130$65$3
50 years$838$460$240$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $858,000, adding $3,392 every year, while hoping to spend $25,282 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: 35/43/22 Blend
39$858,000$858,000$858,000$858,000
40$949,015$903,541$890,242$975,785
41$1,018,915$920,914$893,165$1,013,197
42$1,095,097$938,292$895,339$1,050,967
43$1,178,175$955,647$896,712$1,091,207
44$1,268,826$972,951$897,229$1,134,152
45$1,367,794$990,173$896,833$1,180,062
46$1,475,897$1,007,279$895,465$1,229,223
47$1,594,037$1,024,235$893,061$1,281,955
48$1,723,206$1,041,000$889,557$1,338,607
49$1,864,498$1,057,534$884,882$1,399,566
50$2,019,116$1,073,792$878,965$1,465,260
51$2,188,385$1,089,727$871,729$1,536,161
52$2,373,764$1,105,287$863,095$1,612,791
53$2,576,859$1,120,418$852,981$1,695,727
54$2,799,441$1,135,060$841,298$1,785,604
55$3,043,458$1,149,152$827,955$1,883,126
56$3,311,057$1,162,627$812,858$1,989,068
57$3,604,602$1,175,412$795,905$2,104,287
58$3,926,696$1,187,432$776,993$2,229,730
59$4,280,208$1,198,606$756,012$2,366,441
60$4,668,298$1,208,846$732,847$2,515,574
61$5,094,445$1,218,061$707,378$2,678,403
62$5,562,484$1,226,151$679,481$2,856,333
63$6,076,638$1,233,013$649,023$3,050,916
64$6,641,559$1,238,534$615,869$3,263,866
65$7,262,372$1,242,597$579,876$3,497,074
66$7,944,725$1,245,075$540,892$3,752,626
67$8,694,838$1,245,835$498,763$4,032,826
68$9,519,565$1,244,734$453,325$4,340,217
69$10,426,456$1,241,621$404,407$4,677,604
70$11,423,831$1,236,337$351,831$5,048,083
71$12,520,855$1,228,711$295,410$5,455,071
72$13,727,627$1,218,563$234,951$5,902,336
73$15,055,273$1,205,701$170,251$6,394,039
74$16,516,054$1,189,923$101,097$6,934,768
75$18,123,476$1,171,014$27,268$7,529,586
76$19,892,423$1,148,746$0$8,184,079
77$21,839,293$1,122,878$0$8,916,501
78$23,982,157$1,093,154$0$9,729,174
79$26,340,923$1,059,305$0$10,623,246
80$28,937,530$1,021,043$0$11,607,049
81$31,796,150$978,067$0$12,689,770
82$34,943,420$930,054$0$13,881,537
83$38,408,689$876,667$0$15,193,516
84$42,224,298$817,547$0$16,638,021
85$46,425,885$752,315$0$18,228,624
86$51,052,716$680,570$0$19,980,289
87$56,148,063$601,887$0$21,909,515
88$61,759,606$515,821$0$24,034,489
89$67,939,887$421,897$0$26,375,263
90$74,746,802$319,616$0$28,953,941
91$82,244,149$208,450$0$31,794,892
92$90,502,230$87,842$0$34,924,979
93$99,598,514$0$0$38,373,816
94$109,618,369$0$0$42,194,298
95$120,655,865$0$0$46,448,767
96$132,814,662$0$0$51,135,637
97$146,208,991$0$0$56,298,964
98$160,964,730$0$0$61,987,296
99$177,220,591$0$0$68,254,132
100$195,129,429$0$0$75,158,426