Can I retire at age 40 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$72,422$71,777$71,147$70,533$69,933$67,749
2 years$35,852$35,185$34,538$33,910$33,302$31,120
3 years$23,664$22,994$22,348$21,727$21,128$19,018
4 years$17,571$16,903$16,264$15,653$15,069$13,047
5 years$13,916$13,252$12,621$12,023$11,455$9,526
6 years$11,481$10,821$10,200$9,615$9,064$7,230
7 years$9,742$9,088$8,476$7,905$7,371$5,632
8 years$8,438$7,790$7,188$6,631$6,115$4,469
9 years$7,424$6,782$6,191$5,648$5,150$3,596
10 years$6,614$5,978$5,398$4,869$4,388$2,923
11 years$5,951$5,322$4,752$4,237$3,774$2,396
12 years$5,400$4,777$4,217$3,717$3,270$1,976
13 years$4,933$4,317$3,768$3,281$2,852$1,638
14 years$4,534$3,924$3,386$2,913$2,500$1,364
15 years$4,188$3,585$3,057$2,598$2,201$1,139
16 years$3,885$3,289$2,771$2,326$1,945$954
17 years$3,619$3,029$2,522$2,090$1,725$801
18 years$3,382$2,799$2,302$1,883$1,534$674
19 years$3,171$2,594$2,107$1,702$1,367$568
20 years$2,981$2,410$1,934$1,541$1,221$479
21 years$2,809$2,245$1,779$1,399$1,093$405
22 years$2,653$2,096$1,640$1,272$979$342
23 years$2,511$1,960$1,514$1,158$879$289
24 years$2,381$1,837$1,400$1,056$790$245
25 years$2,261$1,724$1,297$965$711$207
26 years$2,151$1,620$1,203$882$641$176
27 years$2,049$1,524$1,117$807$577$149
28 years$1,955$1,436$1,038$740$521$126
29 years$1,867$1,355$966$678$471$107
30 years$1,785$1,280$900$623$425$91
31 years$1,709$1,210$839$572$384$77
32 years$1,638$1,145$783$526$348$66
33 years$1,571$1,084$731$483$315$56
34 years$1,508$1,027$683$445$285$47
35 years$1,449$975$638$409$258$40
36 years$1,393$925$597$377$234$34
37 years$1,340$879$559$347$212$29
38 years$1,291$835$524$320$192$25
39 years$1,244$794$490$295$174$21
40 years$1,199$755$460$272$158$18
41 years$1,157$719$431$251$143$15
42 years$1,117$685$404$232$130$13
43 years$1,078$652$379$214$118$11
44 years$1,042$622$356$198$107$9
45 years$1,007$593$334$182$97$8
46 years$974$566$314$169$88$7
47 years$943$540$295$156$80$6
48 years$913$515$277$144$73$5
49 years$884$492$261$133$66$4
50 years$856$470$245$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $877,000, adding $5,821 every year, while hoping to spend $53,899 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: 55/18/27 Blend
39$877,000$877,000$877,000$877,000
40$972,458$925,977$912,384$1,018,402
41$1,014,301$914,002$885,601$1,038,714
42$1,058,605$899,634$856,114$1,054,759
43$1,105,565$882,698$823,775$1,071,137
44$1,155,392$863,010$788,432$1,087,900
45$1,208,320$840,375$749,922$1,105,106
46$1,264,601$814,585$708,076$1,122,823
47$1,324,513$785,423$662,720$1,141,129
48$1,388,360$752,656$613,668$1,160,113
49$1,456,475$716,038$560,728$1,179,877
50$1,529,223$675,311$503,700$1,200,537
51$1,607,003$630,201$442,373$1,222,225
52$1,690,253$580,416$376,528$1,245,091
53$1,779,454$525,652$305,937$1,269,305
54$1,875,132$465,582$230,360$1,295,058
55$1,977,866$399,866$149,547$1,322,566
56$2,088,290$328,142$63,239$1,352,073
57$2,207,101$250,026$0$1,383,854
58$2,335,063$165,115$0$1,426,533
59$2,473,017$72,983$0$1,492,123
60$2,621,885$0$0$1,562,859
61$2,782,681$0$0$1,644,579
62$2,956,520$0$0$1,748,620
63$3,144,625$0$0$1,861,265
64$3,348,343$0$0$1,983,331
65$3,569,153$0$0$2,115,712
66$3,808,684$0$0$2,259,394
67$4,068,724$0$0$2,415,459
68$4,351,242$0$0$2,585,100
69$4,658,404$0$0$2,769,626
70$4,992,591$0$0$2,970,481
71$5,356,425$0$0$3,189,252
72$5,752,789$0$0$3,427,684
73$6,184,858$0$0$3,687,700
74$6,656,124$0$0$3,971,415
75$7,170,432$0$0$4,281,157
76$7,732,015$0$0$4,619,489
77$8,345,529$0$0$4,989,234
78$9,016,106$0$0$5,393,497
79$9,749,390$0$0$5,835,698
80$10,551,598$0$0$6,319,605
81$11,429,577$0$0$6,849,362
82$12,390,863$0$0$7,429,538
83$13,443,758$0$0$8,065,160
84$14,597,403$0$0$8,761,766
85$15,861,864$0$0$9,525,456
86$17,248,230$0$0$10,362,947
87$18,768,711$0$0$11,281,638
88$20,436,758$0$0$12,289,677
89$22,267,186$0$0$13,396,042
90$24,276,312$0$0$14,610,621
91$26,482,111$0$0$15,944,304
92$28,904,386$0$0$17,409,089
93$31,564,947$0$0$19,018,195
94$34,487,823$0$0$20,786,180
95$37,699,485$0$0$22,729,087
96$41,229,094$0$0$24,864,585
97$45,108,778$0$0$27,212,144
98$49,373,931$0$0$29,793,211
99$54,063,546$0$0$32,631,419
100$59,220,588$0$0$35,752,802