Can I retire at age 40 with 879,000?

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 $879,000?

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$72,587$71,940$71,310$70,694$70,093$69,102
2 years$35,934$35,265$34,616$33,987$33,377$32,382
3 years$23,718$23,046$22,399$21,776$21,176$20,206
4 years$17,611$16,941$16,301$15,688$15,103$14,165
5 years$13,948$13,282$12,650$12,050$11,481$10,579
6 years$11,507$10,846$10,223$9,637$9,085$8,219
7 years$9,764$9,108$8,495$7,923$7,388$6,560
8 years$8,457$7,808$7,205$6,646$6,129$5,338
9 years$7,441$6,798$6,206$5,661$5,162$4,407
10 years$6,629$5,992$5,410$4,880$4,398$3,679
11 years$5,965$5,334$4,763$4,247$3,782$3,099
12 years$5,412$4,788$4,227$3,725$3,278$2,629
13 years$4,945$4,327$3,777$3,289$2,858$2,243
14 years$4,544$3,933$3,393$2,919$2,506$1,923
15 years$4,197$3,593$3,064$2,604$2,206$1,655
16 years$3,894$3,296$2,778$2,331$1,950$1,429
17 years$3,627$3,036$2,528$2,095$1,729$1,238
18 years$3,390$2,805$2,307$1,888$1,537$1,075
19 years$3,178$2,600$2,112$1,706$1,370$935
20 years$2,987$2,416$1,939$1,545$1,224$815
21 years$2,815$2,250$1,783$1,402$1,095$711
22 years$2,659$2,101$1,643$1,275$982$621
23 years$2,516$1,965$1,517$1,161$881$544
24 years$2,386$1,841$1,403$1,059$792$476
25 years$2,266$1,727$1,300$967$713$417
26 years$2,156$1,624$1,205$884$642$366
27 years$2,054$1,528$1,119$809$579$321
28 years$1,959$1,440$1,041$742$522$282
29 years$1,871$1,358$968$680$472$248
30 years$1,789$1,283$902$624$426$218
31 years$1,713$1,213$841$573$385$192
32 years$1,641$1,147$785$527$348$169
33 years$1,574$1,087$733$484$315$148
34 years$1,511$1,030$684$446$286$131
35 years$1,452$977$640$410$259$115
36 years$1,396$927$599$378$234$101
37 years$1,343$881$560$348$212$89
38 years$1,294$837$525$321$193$79
39 years$1,246$796$492$296$175$69
40 years$1,202$757$461$273$158$61
41 years$1,159$721$432$252$144$54
42 years$1,119$686$405$232$130$47
43 years$1,081$654$380$214$118$42
44 years$1,044$623$357$198$107$37
45 years$1,010$594$335$183$97$32
46 years$977$567$315$169$89$29
47 years$945$541$296$156$80$25
48 years$915$517$278$144$73$22
49 years$886$493$261$133$66$20
50 years$858$471$246$123$60$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $879,000, adding $4,698 every year, while hoping to spend $59,306 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: 56/18/26 Blend
39$879,000$879,000$879,000$879,000
40$973,504$926,917$913,292$1,020,838
41$1,009,700$909,235$880,787$1,036,175
42$1,047,601$888,698$845,204$1,046,273
43$1,087,317$865,106$806,379$1,056,049
44$1,128,969$838,242$764,139$1,065,488
45$1,172,689$807,880$718,302$1,074,581
46$1,218,617$773,781$668,680$1,083,320
47$1,266,910$735,689$615,074$1,091,698
48$1,317,733$693,337$557,278$1,099,714
49$1,371,271$646,440$495,076$1,107,369
50$1,427,723$594,697$428,243$1,114,667
51$1,487,305$537,791$356,543$1,121,621
52$1,550,254$475,387$279,731$1,128,248
53$1,616,828$407,129$197,550$1,134,569
54$1,687,308$332,642$109,732$1,140,617
55$1,762,003$251,531$15,998$1,146,432
56$1,841,248$163,377$0$1,152,064
57$1,925,412$67,739$0$1,180,887
58$2,014,895$0$0$1,215,916
59$2,110,137$0$0$1,259,985
60$2,211,621$0$0$1,321,283
61$2,319,873$0$0$1,386,715
62$2,435,471$0$0$1,456,638
63$2,559,047$0$0$1,531,440
64$2,691,295$0$0$1,611,547
65$2,832,977$0$0$1,697,428
66$2,984,925$0$0$1,789,597
67$3,148,057$0$0$1,888,616
68$3,323,376$0$0$1,995,104
69$3,511,985$0$0$2,109,741
70$3,715,096$0$0$2,233,271
71$3,934,038$0$0$2,366,513
72$4,170,272$0$0$2,510,368
73$4,425,403$0$0$2,665,825
74$4,701,195$0$0$2,833,968
75$4,999,587$0$0$3,015,994
76$5,322,709$0$0$3,213,214
77$5,672,904$0$0$3,427,073
78$6,052,748$0$0$3,659,159
79$6,465,075$0$0$3,911,216
80$6,912,999$0$0$4,185,166
81$7,399,949$0$0$4,483,122
82$7,929,696$0$0$4,807,408
83$8,506,388$0$0$5,160,581
84$9,134,590$0$0$5,545,458
85$9,819,326$0$0$5,965,134
86$10,566,124$0$0$6,423,019
87$11,381,071$0$0$6,922,867
88$12,270,864$0$0$7,468,806
89$13,242,878$0$0$8,065,386
90$14,305,229$0$0$8,717,611
91$15,466,854$0$0$9,430,995
92$16,737,593$0$0$10,211,606
93$18,128,282$0$0$11,066,126
94$19,650,849$0$0$12,001,915
95$21,318,433$0$0$13,027,076
96$23,145,501$0$0$14,150,534
97$25,147,986$0$0$15,382,118
98$27,343,437$0$0$16,732,653
99$29,751,180$0$0$18,214,061
100$32,392,503$0$0$19,839,475