Can I retire at age 40 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$72,917$72,268$71,634$71,016$70,412$69,474
2 years$36,098$35,425$34,774$34,142$33,529$32,586
3 years$23,826$23,151$22,501$21,875$21,272$20,353
4 years$17,691$17,018$16,375$15,760$15,172$14,283
5 years$14,012$13,343$12,708$12,105$11,533$10,678
6 years$11,559$10,895$10,270$9,681$9,126$8,306
7 years$9,808$9,150$8,534$7,959$7,422$6,636
8 years$8,496$7,843$7,238$6,677$6,157$5,406
9 years$7,475$6,829$6,234$5,687$5,185$4,469
10 years$6,659$6,019$5,435$4,902$4,418$3,735
11 years$5,992$5,359$4,785$4,266$3,800$3,150
12 years$5,437$4,810$4,246$3,742$3,293$2,676
13 years$4,967$4,346$3,794$3,304$2,871$2,286
14 years$4,565$3,951$3,409$2,933$2,517$1,962
15 years$4,216$3,609$3,078$2,615$2,216$1,691
16 years$3,912$3,311$2,790$2,342$1,959$1,463
17 years$3,644$3,050$2,539$2,104$1,737$1,268
18 years$3,405$2,818$2,318$1,896$1,544$1,103
19 years$3,192$2,612$2,122$1,713$1,376$961
20 years$3,001$2,427$1,947$1,552$1,229$838
21 years$2,828$2,261$1,791$1,408$1,100$733
22 years$2,671$2,110$1,651$1,281$986$641
23 years$2,528$1,974$1,524$1,166$885$562
24 years$2,397$1,849$1,410$1,064$796$493
25 years$2,277$1,735$1,306$971$716$433
26 years$2,166$1,631$1,211$888$645$380
27 years$2,063$1,535$1,124$813$581$334
28 years$1,968$1,446$1,045$745$525$294
29 years$1,880$1,364$973$683$474$259
30 years$1,797$1,289$906$627$428$228
31 years$1,721$1,218$845$576$387$201
32 years$1,649$1,153$788$529$350$177
33 years$1,581$1,092$736$487$317$156
34 years$1,518$1,034$688$448$287$137
35 years$1,459$981$643$412$260$121
36 years$1,402$931$601$380$235$107
37 years$1,349$885$563$350$213$94
38 years$1,299$841$527$322$193$83
39 years$1,252$799$494$297$175$73
40 years$1,207$761$463$274$159$65
41 years$1,165$724$434$253$144$57
42 years$1,124$689$407$233$131$50
43 years$1,086$657$382$215$119$45
44 years$1,049$626$359$199$108$39
45 years$1,014$597$337$184$98$35
46 years$981$570$316$170$89$31
47 years$949$544$297$157$81$27
48 years$919$519$279$145$73$24
49 years$890$496$262$134$67$21
50 years$862$473$247$124$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $883,000, adding $6,502 every year, while hoping to spend $57,882 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: 57/19/24 Blend
39$883,000$883,000$883,000$883,000
40$979,773$932,974$919,287$1,028,899
41$1,018,124$917,104$888,497$1,047,344
42$1,058,446$898,516$854,736$1,060,740
43$1,100,881$877,016$817,843$1,074,110
44$1,145,580$852,399$777,649$1,087,466
45$1,192,708$824,446$733,980$1,100,828
46$1,242,448$792,927$686,652$1,114,216
47$1,294,996$757,599$635,473$1,127,659
48$1,350,567$718,203$580,243$1,141,190
49$1,409,396$674,466$520,752$1,154,852
50$1,471,739$626,099$456,783$1,168,693
51$1,537,877$572,799$388,105$1,182,772
52$1,608,116$514,241$314,482$1,197,158
53$1,682,790$450,085$235,663$1,211,933
54$1,762,266$379,970$151,389$1,227,190
55$1,846,945$303,517$61,389$1,243,038
56$1,937,267$220,323$0$1,259,603
57$2,033,713$129,964$0$1,285,905
58$2,136,810$31,990$0$1,330,587
59$2,247,135$0$0$1,378,181
60$2,365,324$0$0$1,444,471
61$2,492,071$0$0$1,522,786
62$2,628,139$0$0$1,606,914
63$2,774,365$0$0$1,697,381
64$2,931,668$0$0$1,794,762
65$3,101,057$0$0$1,899,689
66$3,283,639$0$0$2,012,858
67$3,480,633$0$0$2,135,031
68$3,693,375$0$0$2,267,048
69$3,923,335$0$0$2,409,828
70$4,172,128$0$0$2,564,386
71$4,441,529$0$0$2,731,834
72$4,733,490$0$0$2,913,397
73$5,050,157$0$0$3,110,421
74$5,393,890$0$0$3,324,388
75$5,767,286$0$0$3,556,925
76$6,173,200$0$0$3,809,825
77$6,614,772$0$0$4,085,058
78$7,095,460$0$0$4,384,795
79$7,619,067$0$0$4,711,420
80$8,189,777$0$0$5,067,562
81$8,812,197$0$0$5,456,111
82$9,491,397$0$0$5,880,249
83$10,232,956$0$0$6,343,479
84$11,043,017$0$0$6,849,657
85$11,928,344$0$0$7,403,029
86$12,896,379$0$0$8,008,267
87$13,955,322$0$0$8,670,519
88$15,114,198$0$0$9,395,450
89$16,382,945$0$0$10,189,302
90$17,772,508$0$0$11,058,946
91$19,294,940$0$0$12,011,948
92$20,963,512$0$0$13,056,644
93$22,792,845$0$0$14,202,213
94$24,799,038$0$0$15,458,764
95$26,999,824$0$0$16,837,433
96$29,414,736$0$0$18,350,485
97$32,065,288$0$0$20,011,431
98$34,975,179$0$0$21,835,153
99$38,170,515$0$0$23,838,046
100$41,680,052$0$0$26,038,168