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%12.4%
1 years$72,835$72,186$71,553$70,935$70,332$69,626
2 years$36,057$35,385$34,734$34,103$33,491$32,781
3 years$23,799$23,125$22,475$21,850$21,248$20,555
4 years$17,671$16,999$16,356$15,742$15,154$14,483
5 years$13,996$13,327$12,693$12,091$11,520$10,873
6 years$11,546$10,883$10,258$9,670$9,116$8,494
7 years$9,797$9,139$8,524$7,950$7,413$6,817
8 years$8,486$7,834$7,229$6,669$6,150$5,579
9 years$7,467$6,821$6,227$5,680$5,179$4,633
10 years$6,652$6,012$5,429$4,897$4,413$3,892
11 years$5,985$5,353$4,779$4,262$3,795$3,298
12 years$5,431$4,804$4,241$3,738$3,289$2,816
13 years$4,961$4,342$3,789$3,300$2,868$2,418
14 years$4,560$3,946$3,405$2,929$2,514$2,087
15 years$4,212$3,605$3,074$2,613$2,214$1,808
16 years$3,908$3,308$2,787$2,339$1,956$1,573
17 years$3,640$3,046$2,536$2,102$1,735$1,372
18 years$3,402$2,815$2,315$1,894$1,542$1,199
19 years$3,189$2,609$2,119$1,711$1,375$1,051
20 years$2,998$2,424$1,945$1,550$1,228$922
21 years$2,825$2,258$1,789$1,407$1,099$811
22 years$2,668$2,108$1,649$1,279$985$714
23 years$2,525$1,971$1,523$1,165$884$630
24 years$2,394$1,847$1,408$1,062$795$556
25 years$2,274$1,733$1,304$970$715$491
26 years$2,163$1,629$1,210$887$644$434
27 years$2,061$1,533$1,123$812$581$384
28 years$1,966$1,445$1,044$744$524$340
29 years$1,878$1,363$972$682$473$301
30 years$1,795$1,287$905$626$428$267
31 years$1,719$1,217$844$575$387$237
32 years$1,647$1,151$787$529$350$210
33 years$1,580$1,090$735$486$316$186
34 years$1,516$1,033$687$447$287$165
35 years$1,457$980$642$412$260$147
36 years$1,401$930$601$379$235$130
37 years$1,348$884$562$349$213$116
38 years$1,298$840$526$322$193$103
39 years$1,251$798$493$297$175$91
40 years$1,206$760$462$274$159$81
41 years$1,163$723$434$253$144$72
42 years$1,123$689$407$233$131$64
43 years$1,085$656$382$215$119$57
44 years$1,048$625$358$199$108$51
45 years$1,013$596$336$184$98$45
46 years$980$569$316$170$89$40
47 years$948$543$297$157$81$36
48 years$918$518$279$145$73$32
49 years$889$495$262$134$67$28
50 years$861$473$246$124$60$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $882,000, adding $5,453 every year, while hoping to spend $42,460 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: 53/31/16 Blend
39$882,000$882,000$882,000$882,000
40$977,589$930,843$917,172$1,024,915
41$1,032,126$931,277$902,720$1,058,310
42$1,090,802$930,309$886,361$1,089,667
43$1,153,996$927,826$867,986$1,122,839
44$1,222,121$923,708$847,481$1,158,012
45$1,295,634$917,825$824,728$1,195,388
46$1,375,033$910,044$799,601$1,235,197
47$1,460,870$900,219$771,971$1,277,691
48$1,553,747$888,198$741,701$1,323,151
49$1,654,331$873,821$708,648$1,371,888
50$1,763,349$856,915$672,665$1,424,250
51$1,881,607$837,300$633,595$1,480,620
52$2,009,986$814,783$591,276$1,541,426
53$2,149,458$789,161$545,537$1,607,140
54$2,301,091$760,218$496,201$1,678,287
55$2,466,062$727,728$443,083$1,755,449
56$2,645,662$691,449$385,989$1,839,272
57$2,841,316$651,126$324,716$1,930,470
58$3,054,589$606,490$259,052$2,029,835
59$3,287,205$557,256$188,778$2,138,246
60$3,541,060$503,122$113,663$2,256,674
61$3,818,244$443,771$33,466$2,386,195
62$4,121,054$378,865$0$2,528,002
63$4,452,021$308,049$0$2,692,311
64$4,813,932$230,947$0$2,878,360
65$5,209,853$147,164$0$3,082,093
66$5,643,162$56,279$0$3,305,345
67$6,117,579$0$0$3,550,144
68$6,637,199$0$0$3,833,110
69$7,206,533$0$0$4,164,267
70$7,830,548$0$0$4,527,319
71$8,514,713$0$0$4,925,458
72$9,265,056$0$0$5,362,202
73$10,088,211$0$0$5,841,426
74$10,991,489$0$0$6,367,397
75$11,982,941$0$0$6,944,817
76$13,071,436$0$0$7,578,865
77$14,266,744$0$0$8,275,244
78$15,579,628$0$0$9,040,239
79$17,021,942$0$0$9,880,772
80$18,606,748$0$0$10,804,470
81$20,348,433$0$0$11,819,735
82$22,262,851$0$0$12,935,823
83$24,367,463$0$0$14,162,932
84$26,681,511$0$0$15,512,298
85$29,226,192$0$0$16,996,298
86$32,024,860$0$0$18,628,571
87$35,103,246$0$0$20,424,143
88$38,489,701$0$0$22,399,571
89$42,215,461$0$0$24,573,095
90$46,314,942$0$0$26,964,815
91$50,826,066$0$0$29,596,877
92$55,790,615$0$0$32,493,680
93$61,254,627$0$0$35,682,113
94$67,268,829$0$0$39,191,798
95$73,889,117$0$0$43,055,381
96$81,177,078$0$0$47,308,828
97$89,200,576$0$0$51,991,773
98$98,034,389$0$0$57,147,889
99$107,760,915$0$0$62,825,296
100$118,470,947$0$0$69,077,021