Can I retire at age 40 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$71,596$70,958$70,336$69,729$69,136$68,159
2 years$35,444$34,783$34,144$33,523$32,922$31,940
3 years$23,394$22,731$22,093$21,479$20,887$19,930
4 years$17,371$16,710$16,078$15,474$14,897$13,972
5 years$13,758$13,101$12,477$11,886$11,324$10,435
6 years$11,350$10,698$10,084$9,505$8,961$8,107
7 years$9,631$8,984$8,379$7,815$7,287$6,471
8 years$8,342$7,701$7,106$6,556$6,046$5,265
9 years$7,340$6,705$6,121$5,584$5,091$4,347
10 years$6,539$5,910$5,336$4,813$4,338$3,629
11 years$5,884$5,261$4,698$4,189$3,731$3,057
12 years$5,338$4,722$4,169$3,674$3,233$2,593
13 years$4,877$4,268$3,725$3,244$2,819$2,212
14 years$4,482$3,879$3,347$2,880$2,471$1,897
15 years$4,140$3,544$3,022$2,568$2,176$1,632
16 years$3,841$3,251$2,740$2,299$1,923$1,410
17 years$3,578$2,994$2,493$2,066$1,705$1,221
18 years$3,344$2,767$2,276$1,862$1,516$1,060
19 years$3,135$2,564$2,083$1,682$1,351$922
20 years$2,947$2,383$1,912$1,524$1,207$803
21 years$2,777$2,220$1,759$1,383$1,080$701
22 years$2,623$2,072$1,621$1,257$968$613
23 years$2,482$1,938$1,497$1,145$869$536
24 years$2,353$1,816$1,384$1,044$781$470
25 years$2,235$1,704$1,282$954$703$412
26 years$2,126$1,601$1,189$872$633$361
27 years$2,026$1,507$1,104$798$571$317
28 years$1,932$1,420$1,026$731$515$278
29 years$1,846$1,340$955$671$465$245
30 years$1,765$1,265$890$616$420$215
31 years$1,689$1,196$829$565$380$189
32 years$1,619$1,132$774$520$344$166
33 years$1,553$1,072$723$478$311$146
34 years$1,491$1,016$675$440$282$129
35 years$1,432$963$631$405$255$113
36 years$1,377$914$590$373$231$100
37 years$1,325$868$553$343$209$88
38 years$1,276$825$518$316$190$77
39 years$1,229$785$485$292$172$68
40 years$1,185$747$454$269$156$60
41 years$1,144$711$426$248$142$53
42 years$1,104$677$400$229$129$47
43 years$1,066$645$375$212$117$41
44 years$1,030$615$352$195$106$36
45 years$996$586$331$180$96$32
46 years$963$559$311$167$87$28
47 years$932$534$292$154$79$25
48 years$902$510$274$142$72$22
49 years$874$487$258$131$65$19
50 years$846$465$242$122$59$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $867,000, adding $6,490 every year, while hoping to spend $25,667 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: 37/35/28 Blend
39$867,000$867,000$867,000$867,000
40$962,128$916,177$902,739$989,477
41$1,032,956$933,761$905,671$1,027,846
42$1,110,148$951,345$907,841$1,066,460
43$1,194,326$968,904$909,197$1,107,678
44$1,286,175$986,408$909,683$1,151,755
45$1,386,448$1,003,825$909,241$1,198,968
46$1,495,975$1,021,122$907,810$1,249,626
47$1,615,670$1,038,263$905,327$1,304,069
48$1,746,537$1,055,206$901,724$1,362,674
49$1,889,684$1,071,911$896,932$1,425,855
50$2,046,329$1,088,333$890,876$1,494,074
51$2,217,815$1,104,421$883,481$1,567,835
52$2,405,619$1,120,125$874,665$1,647,701
53$2,611,370$1,135,389$864,344$1,734,288
54$2,836,859$1,150,152$852,428$1,828,281
55$3,084,060$1,164,351$838,826$1,930,435
56$3,355,148$1,177,918$823,441$2,041,583
57$3,652,517$1,190,780$806,170$2,162,644
58$3,978,805$1,202,859$786,907$2,294,637
59$4,336,916$1,214,073$765,542$2,438,681
60$4,730,052$1,224,332$741,958$2,596,017
61$5,161,737$1,233,544$716,033$2,768,011
62$5,635,853$1,241,607$687,640$2,956,175
63$6,156,680$1,248,416$656,646$3,162,173
64$6,728,929$1,253,856$622,911$3,387,847
65$7,357,793$1,257,807$586,291$3,635,226
66$8,048,989$1,260,141$546,633$3,906,551
67$8,808,819$1,260,722$503,779$4,204,296
68$9,644,225$1,259,404$457,562$4,531,191
69$10,562,856$1,256,034$407,810$4,890,246
70$11,573,136$1,250,449$354,341$5,284,786
71$12,684,351$1,242,475$296,966$5,718,478
72$13,906,728$1,231,930$235,488$6,195,368
73$15,251,538$1,218,618$169,700$6,719,921
74$16,731,197$1,202,333$99,388$7,297,060
75$18,359,388$1,182,856$24,326$7,932,220
76$20,151,185$1,159,956$0$8,631,395
77$22,123,199$1,133,386$0$9,417,860
78$24,293,730$1,102,887$0$10,291,083
79$26,682,945$1,068,183$0$11,251,910
80$29,313,065$1,028,983$0$12,309,294
81$32,208,574$984,979$0$13,473,103
82$35,396,450$935,845$0$14,754,218
83$38,906,421$881,235$0$16,164,633
84$42,771,245$820,784$0$17,717,570
85$47,027,016$754,107$0$19,427,603
86$51,713,509$680,795$0$21,310,799
87$56,874,551$600,418$0$23,384,870
88$62,558,436$512,520$0$25,669,339
89$68,818,382$416,619$0$28,185,727
90$75,713,031$312,207$0$30,957,759
91$83,307,002$198,747$0$34,011,582
92$91,671,502$75,672$0$37,376,023
93$100,884,997$0$0$41,082,855
94$111,033,954$0$0$45,189,290
95$122,213,652$0$0$49,745,064
96$134,529,089$0$0$54,763,841
97$148,095,963$0$0$60,292,793
98$163,041,774$0$0$66,383,904
99$179,507,018$0$0$73,094,458
100$197,646,518$0$0$80,487,580