Can I retire at age 40 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$72,835$72,186$71,553$70,935$70,332$67,675
2 years$36,057$35,385$34,734$34,103$33,491$30,846
3 years$23,799$23,125$22,475$21,850$21,248$18,697
4 years$17,671$16,999$16,356$15,742$15,154$12,716
5 years$13,996$13,327$12,693$12,091$11,520$9,202
6 years$11,546$10,883$10,258$9,670$9,116$6,919
7 years$9,797$9,139$8,524$7,950$7,413$5,338
8 years$8,486$7,834$7,229$6,669$6,150$4,193
9 years$7,467$6,821$6,227$5,680$5,179$3,339
10 years$6,652$6,012$5,429$4,897$4,413$2,685
11 years$5,985$5,353$4,779$4,262$3,795$2,177
12 years$5,431$4,804$4,241$3,738$3,289$1,775
13 years$4,961$4,342$3,789$3,300$2,868$1,455
14 years$4,560$3,946$3,405$2,929$2,514$1,197
15 years$4,212$3,605$3,074$2,613$2,214$988
16 years$3,908$3,308$2,787$2,339$1,956$817
17 years$3,640$3,046$2,536$2,102$1,735$678
18 years$3,402$2,815$2,315$1,894$1,542$563
19 years$3,189$2,609$2,119$1,711$1,375$468
20 years$2,998$2,424$1,945$1,550$1,228$390
21 years$2,825$2,258$1,789$1,407$1,099$325
22 years$2,668$2,108$1,649$1,279$985$271
23 years$2,525$1,971$1,523$1,165$884$226
24 years$2,394$1,847$1,408$1,062$795$189
25 years$2,274$1,733$1,304$970$715$158
26 years$2,163$1,629$1,210$887$644$132
27 years$2,061$1,533$1,123$812$581$110
28 years$1,966$1,445$1,044$744$524$92
29 years$1,878$1,363$972$682$473$77
30 years$1,795$1,287$905$626$428$65
31 years$1,719$1,217$844$575$387$54
32 years$1,647$1,151$787$529$350$45
33 years$1,580$1,090$735$486$316$38
34 years$1,516$1,033$687$447$287$32
35 years$1,457$980$642$412$260$27
36 years$1,401$930$601$379$235$22
37 years$1,348$884$562$349$213$19
38 years$1,298$840$526$322$193$16
39 years$1,251$798$493$297$175$13
40 years$1,206$760$462$274$159$11
41 years$1,163$723$434$253$144$9
42 years$1,123$689$407$233$131$8
43 years$1,085$656$382$215$119$6
44 years$1,048$625$358$199$108$5
45 years$1,013$596$336$184$98$4
46 years$980$569$316$170$89$4
47 years$948$543$297$157$81$3
48 years$918$518$279$145$73$3
49 years$889$495$262$134$67$2
50 years$861$473$246$124$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $882,000, adding $5,928 every year, while hoping to spend $57,828 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: 49/40/11 Blend
39$882,000$882,000$882,000$882,000
40$978,079$931,333$917,662$1,022,807
41$1,016,314$915,439$886,875$1,038,240
42$1,056,512$896,829$853,118$1,048,441
43$1,098,810$875,308$816,232$1,058,204
44$1,143,360$850,670$776,048$1,067,505
45$1,190,328$822,698$732,390$1,076,322
46$1,239,892$791,161$685,076$1,084,635
47$1,292,248$755,815$633,913$1,092,425
48$1,347,611$716,403$578,702$1,099,676
49$1,406,212$672,651$519,234$1,106,377
50$1,468,306$624,272$455,289$1,112,519
51$1,534,172$570,960$386,640$1,118,099
52$1,604,113$512,393$313,048$1,123,119
53$1,678,462$448,229$234,264$1,127,586
54$1,757,583$378,110$150,030$1,131,517
55$1,841,874$301,655$60,073$1,134,938
56$1,931,770$218,461$0$1,137,881
57$2,027,749$128,104$0$1,144,612
58$2,130,335$30,137$0$1,158,770
59$2,240,101$0$0$1,173,410
60$2,357,676$0$0$1,222,074
61$2,483,749$0$0$1,288,544
62$2,619,079$0$0$1,359,962
63$2,764,494$0$0$1,436,773
64$2,920,907$0$0$1,519,469
65$3,089,320$0$0$1,608,589
66$3,270,830$0$0$1,704,724
67$3,466,646$0$0$1,808,525
68$3,678,094$0$0$1,920,705
69$3,906,632$0$0$2,042,052
70$4,153,862$0$0$2,173,426
71$4,421,546$0$0$2,315,779
72$4,711,619$0$0$2,470,151
73$5,026,210$0$0$2,637,692
74$5,367,661$0$0$2,819,664
75$5,738,546$0$0$3,017,453
76$6,141,698$0$0$3,232,588
77$6,580,233$0$0$3,466,748
78$7,057,579$0$0$3,721,782
79$7,577,509$0$0$3,999,725
80$8,144,173$0$0$4,302,815
81$8,762,140$0$0$4,633,517
82$9,436,439$0$0$4,994,542
83$10,172,604$0$0$5,388,876
84$10,976,727$0$0$5,819,807
85$11,855,516$0$0$6,290,952
86$12,816,356$0$0$6,806,296
87$13,867,376$0$0$7,370,226
88$15,017,528$0$0$7,987,572
89$16,276,669$0$0$8,663,653
90$17,655,655$0$0$9,404,327
91$19,166,438$0$0$10,216,044
92$20,822,183$0$0$11,105,910
93$22,637,388$0$0$12,081,748
94$24,628,021$0$0$13,152,178
95$26,811,670$0$0$14,326,691
96$29,207,707$0$0$15,615,744
97$31,837,468$0$0$17,030,854
98$34,724,458$0$0$18,584,707
99$37,894,568$0$0$20,291,280
100$41,376,317$0$0$22,165,968