Can I retire at age 40 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$70,935$70,304$69,687$69,085$68,498$67,502
2 years$35,117$34,463$33,829$33,214$32,618$31,617
3 years$23,178$22,522$21,889$21,281$20,694$19,719
4 years$17,211$16,556$15,930$15,331$14,759$13,817
5 years$13,631$12,980$12,362$11,776$11,220$10,314
6 years$11,245$10,599$9,991$9,417$8,878$8,009
7 years$9,542$8,901$8,302$7,743$7,220$6,388
8 years$8,265$7,630$7,041$6,495$5,990$5,195
9 years$7,272$6,643$6,064$5,532$5,044$4,287
10 years$6,478$5,856$5,287$4,769$4,298$3,577
11 years$5,829$5,213$4,655$4,150$3,696$3,011
12 years$5,289$4,679$4,131$3,640$3,203$2,552
13 years$4,832$4,228$3,691$3,214$2,793$2,176
14 years$4,441$3,843$3,316$2,853$2,449$1,864
15 years$4,102$3,511$2,994$2,544$2,156$1,604
16 years$3,806$3,221$2,714$2,278$1,905$1,384
17 years$3,545$2,967$2,470$2,047$1,689$1,198
18 years$3,313$2,741$2,255$1,845$1,502$1,039
19 years$3,106$2,541$2,064$1,667$1,339$903
20 years$2,919$2,361$1,894$1,510$1,196$786
21 years$2,751$2,199$1,742$1,370$1,070$686
22 years$2,598$2,053$1,606$1,246$959$599
23 years$2,459$1,920$1,483$1,135$861$524
24 years$2,332$1,799$1,371$1,035$774$458
25 years$2,215$1,688$1,270$945$696$401
26 years$2,107$1,587$1,178$864$627$352
27 years$2,007$1,493$1,094$791$566$308
28 years$1,915$1,407$1,017$725$510$271
29 years$1,829$1,327$946$665$461$238
30 years$1,749$1,254$881$610$416$209
31 years$1,674$1,185$822$560$376$183
32 years$1,604$1,121$767$515$341$161
33 years$1,538$1,062$716$473$308$142
34 years$1,477$1,006$669$436$279$125
35 years$1,419$955$625$401$253$110
36 years$1,364$906$585$369$229$96
37 years$1,313$860$548$340$208$85
38 years$1,264$818$513$314$188$75
39 years$1,218$778$480$289$171$66
40 years$1,174$740$450$267$155$58
41 years$1,133$704$422$246$140$51
42 years$1,094$671$396$227$127$45
43 years$1,056$639$372$210$116$40
44 years$1,021$609$349$194$105$35
45 years$987$581$328$179$95$31
46 years$954$554$308$165$87$27
47 years$923$529$289$153$79$24
48 years$894$505$272$141$71$21
49 years$866$482$255$130$65$18
50 years$839$461$240$120$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $859,000, adding $3,004 every year, while hoping to spend $59,079 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: 45/43/12 Blend
39$859,000$859,000$859,000$859,000
40$949,717$904,190$890,875$989,084
41$983,728$885,635$857,860$998,168
42$1,019,229$864,192$821,758$1,001,764
43$1,056,308$839,655$782,405$1,004,348
44$1,095,062$811,809$739,627$1,005,850
45$1,135,597$780,426$693,242$1,006,197
46$1,178,024$745,263$643,062$1,005,311
47$1,222,466$706,065$588,889$1,003,115
48$1,269,057$662,561$530,516$999,526
49$1,317,940$614,466$467,727$994,460
50$1,369,271$561,476$400,297$987,830
51$1,423,220$503,272$327,991$979,548
52$1,479,972$439,515$250,562$969,522
53$1,539,728$369,850$167,754$957,659
54$1,602,705$293,898$79,299$943,863
55$1,669,144$211,262$0$928,040
56$1,739,302$121,519$0$912,025
57$1,813,463$24,226$0$904,749
58$1,891,937$0$0$895,988
59$1,975,060$0$0$924,054
60$2,063,201$0$0$966,019
61$2,156,763$0$0$1,010,617
62$2,256,187$0$0$1,058,066
63$2,361,954$0$0$1,108,601
64$2,474,592$0$0$1,162,483
65$2,594,678$0$0$1,219,997
66$2,722,844$0$0$1,281,454
67$2,859,784$0$0$1,347,195
68$3,006,258$0$0$1,417,595
69$3,163,097$0$0$1,493,066
70$3,331,214$0$0$1,574,057
71$3,511,613$0$0$1,661,063
72$3,705,391$0$0$1,754,626
73$3,913,756$0$0$1,855,344
74$4,138,033$0$0$1,963,870
75$4,379,675$0$0$2,080,923
76$4,640,281$0$0$2,207,292
77$4,921,606$0$0$2,343,846
78$5,225,579$0$0$2,491,537
79$5,554,319$0$0$2,651,415
80$5,910,156$0$0$2,824,631
81$6,295,652$0$0$3,012,452
82$6,713,621$0$0$3,216,272
83$7,167,162$0$0$3,437,623
84$7,659,679$0$0$3,678,190
85$8,194,920$0$0$3,939,828
86$8,777,004$0$0$4,224,577
87$9,410,467$0$0$4,534,681
88$10,100,296$0$0$4,872,610
89$10,851,982$0$0$5,241,083
90$11,671,565$0$0$5,643,092
91$12,565,695$0$0$6,081,928
92$13,541,691$0$0$6,561,219
93$14,607,609$0$0$7,084,953
94$15,772,317$0$0$7,657,525
95$17,045,580$0$0$8,283,771
96$18,438,147$0$0$8,969,017
97$19,961,854$0$0$9,719,128
98$21,629,734$0$0$10,540,561
99$23,456,139$0$0$11,440,428
100$25,456,873$0$0$12,426,561