Can I retire at age 40 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$71,679$71,040$70,417$69,809$69,216$67,270
2 years$35,484$34,824$34,183$33,562$32,960$31,014
3 years$23,421$22,758$22,119$21,504$20,911$19,027
4 years$17,391$16,729$16,097$15,492$14,914$13,105
5 years$13,774$13,116$12,492$11,899$11,337$9,609
6 years$11,363$10,710$10,095$9,516$8,971$7,325
7 years$9,642$8,994$8,389$7,824$7,296$5,732
8 years$8,351$7,710$7,115$6,563$6,052$4,570
9 years$7,348$6,713$6,128$5,590$5,097$3,695
10 years$6,546$5,917$5,342$4,819$4,343$3,019
11 years$5,890$5,268$4,703$4,194$3,735$2,487
12 years$5,344$4,728$4,174$3,679$3,237$2,062
13 years$4,883$4,273$3,729$3,248$2,823$1,719
14 years$4,487$3,884$3,351$2,883$2,474$1,439
15 years$4,145$3,548$3,025$2,571$2,178$1,209
16 years$3,846$3,255$2,743$2,302$1,925$1,018
17 years$3,582$2,998$2,496$2,068$1,707$860
18 years$3,348$2,770$2,278$1,864$1,518$728
19 years$3,138$2,567$2,086$1,684$1,353$617
20 years$2,950$2,386$1,914$1,525$1,208$524
21 years$2,780$2,222$1,761$1,384$1,081$445
22 years$2,626$2,074$1,623$1,259$969$378
23 years$2,485$1,940$1,498$1,146$870$322
24 years$2,356$1,818$1,386$1,046$782$274
25 years$2,238$1,706$1,283$955$704$234
26 years$2,129$1,603$1,190$873$634$200
27 years$2,028$1,509$1,105$799$572$170
28 years$1,935$1,422$1,028$732$516$145
29 years$1,848$1,341$956$671$466$124
30 years$1,767$1,267$891$616$421$106
31 years$1,691$1,197$830$566$380$91
32 years$1,621$1,133$775$520$344$77
33 years$1,554$1,073$723$478$311$66
34 years$1,492$1,017$676$440$282$57
35 years$1,434$965$632$405$255$48
36 years$1,379$915$591$373$231$41
37 years$1,327$870$553$344$210$35
38 years$1,277$826$518$317$190$30
39 years$1,231$786$485$292$172$26
40 years$1,187$748$455$269$156$22
41 years$1,145$712$427$249$142$19
42 years$1,105$678$400$229$129$16
43 years$1,067$646$376$212$117$14
44 years$1,031$616$353$196$106$12
45 years$997$587$331$181$96$10
46 years$964$560$311$167$87$9
47 years$933$534$292$154$79$7
48 years$903$510$274$142$72$6
49 years$875$487$258$132$65$5
50 years$847$465$243$122$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $868,000, adding $6,705 every year, while hoping to spend $20,636 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: 37/34/29 Blend
39$868,000$868,000$868,000$868,000
40$963,452$917,448$903,994$990,552
41$1,039,768$940,447$912,321$1,034,219
42$1,123,176$963,880$920,236$1,079,002
43$1,214,378$987,749$927,702$1,126,985
44$1,314,147$1,012,051$934,683$1,178,472
45$1,423,334$1,036,785$941,138$1,233,797
46$1,542,874$1,061,948$947,027$1,293,328
47$1,673,800$1,087,536$952,305$1,357,472
48$1,817,248$1,113,545$956,927$1,426,676
49$1,974,467$1,139,969$960,844$1,501,435
50$2,146,837$1,166,802$964,007$1,582,291
51$2,335,874$1,194,035$966,361$1,669,846
52$2,543,250$1,221,659$967,850$1,764,761
53$2,770,805$1,249,664$968,417$1,867,765
54$3,020,568$1,278,038$967,999$1,979,662
55$3,294,771$1,306,767$966,532$2,101,339
56$3,595,875$1,335,836$963,949$2,233,773
57$3,926,590$1,365,228$960,177$2,378,042
58$4,289,903$1,394,925$955,143$2,535,335
59$4,689,101$1,424,904$948,769$2,706,961
60$5,127,809$1,455,144$940,973$2,894,366
61$5,610,018$1,485,619$931,668$3,099,142
62$6,140,127$1,516,301$920,766$3,323,047
63$6,722,980$1,547,160$908,172$3,568,016
64$7,363,916$1,578,163$893,787$3,836,185
65$8,068,816$1,609,274$877,510$4,129,909
66$8,844,160$1,640,453$859,231$4,451,783
67$9,697,087$1,671,658$838,838$4,804,669
68$10,635,464$1,702,843$816,213$5,191,723
69$11,667,957$1,733,958$791,231$5,616,425
70$12,804,116$1,764,949$763,765$6,082,609
71$14,054,463$1,795,759$733,679$6,594,506
72$15,430,592$1,826,325$700,831$7,156,778
73$16,945,277$1,856,580$665,074$7,774,566
74$18,612,595$1,886,451$626,253$8,453,536
75$20,448,054$1,915,862$584,206$9,199,937
76$22,468,744$1,944,728$538,766$10,020,657
77$24,693,497$1,972,961$489,756$10,923,289
78$27,143,062$2,000,465$436,992$11,916,206
79$29,840,305$2,027,137$380,281$13,008,635
80$32,810,418$2,052,869$319,422$14,210,751
81$36,081,165$2,077,544$254,207$15,533,768
82$39,683,136$2,101,036$184,416$16,990,050
83$43,650,042$2,123,213$109,819$18,593,227
84$48,019,028$2,143,932$30,180$20,358,320
85$52,831,026$2,163,042$0$22,301,893
86$58,131,140$2,180,380$0$24,459,160
87$63,969,074$2,195,777$0$26,844,352
88$70,399,596$2,209,046$0$29,470,387
89$77,483,061$2,219,996$0$32,361,804
90$85,285,974$2,228,416$0$35,545,645
91$93,881,623$2,234,088$0$39,051,714
92$103,350,768$2,236,777$0$42,912,853
93$113,782,401$2,236,235$0$47,165,262
94$125,274,591$2,232,196$0$51,848,829
95$137,935,407$2,224,380$0$57,007,519
96$151,883,933$2,212,490$0$62,689,781
97$167,251,402$2,196,209$0$68,949,009
98$184,182,424$2,175,203$0$75,844,047
99$202,836,359$2,149,116$0$83,439,743
100$223,388,817$2,117,572$0$91,807,567