Can I retire at age 40 with 879,000?

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 $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%11.8%
1 years$72,587$71,940$71,310$70,694$70,093$69,564
2 years$35,934$35,265$34,616$33,987$33,377$32,844
3 years$23,718$23,046$22,399$21,776$21,176$20,655
4 years$17,611$16,941$16,301$15,688$15,103$14,598
5 years$13,948$13,282$12,650$12,050$11,481$10,994
6 years$11,507$10,846$10,223$9,637$9,085$8,615
7 years$9,764$9,108$8,495$7,923$7,388$6,938
8 years$8,457$7,808$7,205$6,646$6,129$5,697
9 years$7,441$6,798$6,206$5,661$5,162$4,748
10 years$6,629$5,992$5,410$4,880$4,398$4,003
11 years$5,965$5,334$4,763$4,247$3,782$3,405
12 years$5,412$4,788$4,227$3,725$3,278$2,918
13 years$4,945$4,327$3,777$3,289$2,858$2,515
14 years$4,544$3,933$3,393$2,919$2,506$2,179
15 years$4,197$3,593$3,064$2,604$2,206$1,896
16 years$3,894$3,296$2,778$2,331$1,950$1,656
17 years$3,627$3,036$2,528$2,095$1,729$1,450
18 years$3,390$2,805$2,307$1,888$1,537$1,273
19 years$3,178$2,600$2,112$1,706$1,370$1,121
20 years$2,987$2,416$1,939$1,545$1,224$988
21 years$2,815$2,250$1,783$1,402$1,095$873
22 years$2,659$2,101$1,643$1,275$982$772
23 years$2,516$1,965$1,517$1,161$881$684
24 years$2,386$1,841$1,403$1,059$792$606
25 years$2,266$1,727$1,300$967$713$538
26 years$2,156$1,624$1,205$884$642$478
27 years$2,054$1,528$1,119$809$579$425
28 years$1,959$1,440$1,041$742$522$378
29 years$1,871$1,358$968$680$472$336
30 years$1,789$1,283$902$624$426$300
31 years$1,713$1,213$841$573$385$267
32 years$1,641$1,147$785$527$348$238
33 years$1,574$1,087$733$484$315$212
34 years$1,511$1,030$684$446$286$189
35 years$1,452$977$640$410$259$169
36 years$1,396$927$599$378$234$151
37 years$1,343$881$560$348$212$135
38 years$1,294$837$525$321$193$120
39 years$1,246$796$492$296$175$107
40 years$1,202$757$461$273$158$96
41 years$1,159$721$432$252$144$86
42 years$1,119$686$405$232$130$77
43 years$1,081$654$380$214$118$68
44 years$1,044$623$357$198$107$61
45 years$1,010$594$335$183$97$55
46 years$977$567$315$169$89$49
47 years$945$541$296$156$80$44
48 years$915$517$278$144$73$39
49 years$886$493$261$133$66$35
50 years$858$471$246$123$60$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $879,000, adding $6,502 every year, while hoping to spend $20,168 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: 34/49/17 Blend
39$879,000$879,000$879,000$879,000
40$975,365$928,778$915,153$1,003,207
41$1,053,393$952,829$924,352$1,048,235
42$1,138,705$977,383$933,184$1,094,416
43$1,232,021$1,002,443$941,613$1,143,786
44$1,334,136$1,028,012$949,607$1,196,640
45$1,445,925$1,054,092$957,126$1,253,299
46$1,568,352$1,080,684$964,131$1,314,119
47$1,702,476$1,107,791$970,582$1,379,490
48$1,849,467$1,135,411$976,435$1,449,842
49$2,010,611$1,163,544$981,644$1,525,650
50$2,187,326$1,192,190$986,162$1,607,435
51$2,381,172$1,221,346$989,937$1,695,773
52$2,593,869$1,251,009$992,917$1,791,296
53$2,827,309$1,281,175$995,046$1,894,702
54$3,083,580$1,311,838$996,265$2,006,760
55$3,364,979$1,342,992$996,514$2,128,317
56$3,674,038$1,374,629$995,727$2,260,306
57$4,013,544$1,406,740$993,838$2,403,755
58$4,386,569$1,439,314$990,776$2,559,797
59$4,796,498$1,472,339$986,465$2,729,680
60$5,247,058$1,505,801$980,829$2,914,782
61$5,742,356$1,539,684$973,786$3,116,617
62$6,286,919$1,573,970$965,250$3,336,859
63$6,885,730$1,608,640$955,131$3,577,348
64$7,544,282$1,643,672$943,336$3,840,114
65$8,268,628$1,679,040$929,766$4,127,397
66$9,065,434$1,714,719$914,319$4,441,661
67$9,942,046$1,750,678$896,887$4,785,625
68$10,906,559$1,786,886$877,357$5,162,286
69$11,967,890$1,823,306$855,611$5,574,945
70$13,135,867$1,859,899$831,525$6,027,244
71$14,421,315$1,896,624$804,971$6,523,195
72$15,836,165$1,933,435$775,814$7,067,220
73$17,393,562$1,970,282$743,912$7,664,193
74$19,107,990$2,007,110$709,118$8,319,490
75$20,995,409$2,043,862$671,277$9,039,031
76$23,073,404$2,080,475$630,228$9,829,347
77$25,361,353$2,116,880$585,803$10,697,632
78$27,880,609$2,153,004$537,824$11,651,818
79$30,654,699$2,188,770$486,110$12,700,649
80$33,709,550$2,224,091$430,466$13,853,761
81$37,073,729$2,258,877$370,692$15,121,776
82$40,778,718$2,293,031$306,579$16,516,403
83$44,859,205$2,326,447$237,907$18,050,546
84$49,353,415$2,359,014$164,448$19,738,430
85$54,303,470$2,390,612$85,963$21,595,734
86$59,755,784$2,421,112$2,203$23,639,738
87$65,761,505$2,450,378$0$25,889,492
88$72,376,995$2,478,262$0$28,381,803
89$79,664,361$2,504,609$0$31,125,453
90$87,692,043$2,529,252$0$34,145,598
91$96,535,458$2,552,013$0$37,470,404
92$106,277,716$2,572,702$0$41,130,913
93$117,010,396$2,591,118$0$45,161,333
94$128,834,418$2,607,045$0$49,599,367
95$141,860,994$2,620,255$0$54,486,565
96$156,212,672$2,630,504$0$59,868,719
97$172,024,499$2,637,534$0$65,796,293
98$189,445,295$2,641,069$0$72,324,907
99$208,639,052$2,640,818$0$79,515,854
100$229,786,487$2,636,471$0$87,436,686