Can I retire at age 40 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$72,504$71,859$71,228$70,613$70,013$68,938
2 years$35,893$35,225$34,577$33,949$33,340$32,259
3 years$23,691$23,020$22,374$21,751$21,152$20,100
4 years$17,591$16,922$16,282$15,671$15,086$14,070
5 years$13,932$13,267$12,636$12,037$11,468$10,491
6 years$11,494$10,834$10,212$9,626$9,074$8,138
7 years$9,753$9,098$8,486$7,914$7,380$6,484
8 years$8,447$7,799$7,197$6,639$6,122$5,267
9 years$7,433$6,790$6,198$5,655$5,156$4,341
10 years$6,622$5,985$5,404$4,874$4,393$3,617
11 years$5,958$5,328$4,758$4,242$3,778$3,041
12 years$5,406$4,782$4,222$3,721$3,274$2,575
13 years$4,939$4,322$3,772$3,285$2,855$2,193
14 years$4,539$3,928$3,389$2,916$2,503$1,876
15 years$4,193$3,589$3,060$2,601$2,204$1,611
16 years$3,890$3,293$2,775$2,329$1,948$1,389
17 years$3,623$3,032$2,525$2,092$1,727$1,200
18 years$3,386$2,802$2,305$1,886$1,535$1,040
19 years$3,174$2,597$2,110$1,704$1,369$902
20 years$2,984$2,413$1,936$1,543$1,222$785
21 years$2,812$2,248$1,781$1,400$1,094$683
22 years$2,656$2,098$1,642$1,273$981$596
23 years$2,514$1,962$1,516$1,160$880$520
24 years$2,383$1,839$1,402$1,058$791$454
25 years$2,264$1,725$1,298$966$712$397
26 years$2,153$1,622$1,204$883$641$348
27 years$2,051$1,526$1,118$808$578$304
28 years$1,957$1,438$1,039$741$522$267
29 years$1,869$1,357$967$679$471$234
30 years$1,787$1,281$901$623$426$205
31 years$1,711$1,211$840$572$385$180
32 years$1,639$1,146$784$526$348$158
33 years$1,572$1,085$732$484$315$138
34 years$1,509$1,029$684$445$285$122
35 years$1,450$976$639$410$258$107
36 years$1,394$926$598$377$234$94
37 years$1,342$880$560$348$212$82
38 years$1,292$836$524$321$192$72
39 years$1,245$795$491$296$174$64
40 years$1,200$756$460$273$158$56
41 years$1,158$720$432$251$144$49
42 years$1,118$686$405$232$130$43
43 years$1,080$653$380$214$118$38
44 years$1,043$623$357$198$107$33
45 years$1,009$594$335$183$97$29
46 years$975$566$314$169$88$26
47 years$944$541$295$156$80$23
48 years$914$516$278$144$73$20
49 years$885$493$261$133$66$18
50 years$857$471$245$123$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $878,000, adding $2,217 every year, while hoping to spend $25,079 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: 47/25/28 Blend
39$878,000$878,000$878,000$878,000
40$969,843$923,309$909,700$1,007,548
41$1,042,083$941,867$913,491$1,052,943
42$1,120,851$960,494$916,568$1,099,575
43$1,206,786$979,167$918,882$1,149,711
44$1,300,593$997,860$920,379$1,203,695
45$1,403,045$1,016,547$921,003$1,261,904
46$1,514,996$1,035,198$920,697$1,324,757
47$1,637,384$1,053,782$919,399$1,392,713
48$1,771,243$1,072,263$917,045$1,466,280
49$1,917,712$1,090,606$913,568$1,546,019
50$2,078,043$1,108,770$908,897$1,632,548
51$2,253,617$1,126,713$902,959$1,726,549
52$2,445,953$1,144,390$895,675$1,828,775
53$2,656,726$1,161,750$886,965$1,940,057
54$2,887,777$1,178,741$876,744$2,061,311
55$3,141,138$1,195,307$864,922$2,193,547
56$3,419,044$1,211,387$851,407$2,337,882
57$3,723,958$1,226,916$836,101$2,495,546
58$4,058,593$1,241,826$818,901$2,667,895
59$4,425,936$1,256,042$799,701$2,856,428
60$4,829,279$1,269,486$778,389$3,062,796
61$5,272,248$1,282,074$754,848$3,288,822
62$5,758,838$1,293,715$728,955$3,536,515
63$6,293,447$1,304,315$700,583$3,808,092
64$6,880,923$1,313,771$669,597$4,105,998
65$7,526,606$1,321,975$635,857$4,432,930
66$8,236,380$1,328,811$599,218$4,791,864
67$9,016,725$1,334,158$559,527$5,186,079
68$9,874,783$1,337,884$516,623$5,619,195
69$10,818,421$1,339,850$470,340$6,095,200
70$11,856,308$1,339,910$420,504$6,618,496
71$12,997,992$1,337,907$366,932$7,193,936
72$14,253,997$1,333,674$309,434$7,826,870
73$15,635,916$1,327,035$247,811$8,523,201
74$17,156,523$1,317,804$181,857$9,289,435
75$18,829,893$1,305,781$111,353$10,132,748
76$20,671,534$1,290,756$36,076$11,061,051
77$22,698,533$1,272,506$0$12,083,069
78$24,929,720$1,250,795$0$13,221,642
79$27,385,839$1,225,372$0$14,486,515
80$30,089,751$1,195,971$0$15,878,669
81$33,066,645$1,162,313$0$17,411,075
82$36,344,276$1,124,099$0$19,098,030
83$39,953,227$1,081,015$0$20,955,293
84$43,927,199$1,032,728$0$23,000,229
85$48,303,326$978,885$0$25,251,979
86$53,122,529$919,113$0$27,731,638
87$58,429,896$853,019$0$30,462,457
88$64,275,114$780,186$0$33,470,060
89$70,712,934$700,173$0$36,782,687
90$77,803,687$612,515$0$40,431,464
91$85,613,854$516,720$0$44,450,695
92$94,216,696$412,267$0$48,878,187
93$103,692,939$298,609$0$53,755,608
94$114,131,543$175,165$0$59,128,878
95$125,630,535$41,323$0$65,048,610
96$138,297,938$0$0$71,570,582
97$152,252,789$0$0$78,784,758
98$167,626,260$0$0$86,744,993
99$184,562,902$0$0$95,514,784
100$203,222,002$0$0$105,176,630