Can I retire at age 40 with 883,000?

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 $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%13.6%
1 years$72,917$72,268$71,634$71,016$70,412$69,359
2 years$36,098$35,425$34,774$34,142$33,529$32,472
3 years$23,826$23,151$22,501$21,875$21,272$20,242
4 years$17,691$17,018$16,375$15,760$15,172$14,177
5 years$14,012$13,343$12,708$12,105$11,533$10,577
6 years$11,559$10,895$10,270$9,681$9,126$8,208
7 years$9,808$9,150$8,534$7,959$7,422$6,544
8 years$8,496$7,843$7,238$6,677$6,157$5,319
9 years$7,475$6,829$6,234$5,687$5,185$4,386
10 years$6,659$6,019$5,435$4,902$4,418$3,657
11 years$5,992$5,359$4,785$4,266$3,800$3,077
12 years$5,437$4,810$4,246$3,742$3,293$2,607
13 years$4,967$4,346$3,794$3,304$2,871$2,221
14 years$4,565$3,951$3,409$2,933$2,517$1,902
15 years$4,216$3,609$3,078$2,615$2,216$1,634
16 years$3,912$3,311$2,790$2,342$1,959$1,410
17 years$3,644$3,050$2,539$2,104$1,737$1,219
18 years$3,405$2,818$2,318$1,896$1,544$1,057
19 years$3,192$2,612$2,122$1,713$1,376$918
20 years$3,001$2,427$1,947$1,552$1,229$799
21 years$2,828$2,261$1,791$1,408$1,100$696
22 years$2,671$2,110$1,651$1,281$986$607
23 years$2,528$1,974$1,524$1,166$885$531
24 years$2,397$1,849$1,410$1,064$796$464
25 years$2,277$1,735$1,306$971$716$406
26 years$2,166$1,631$1,211$888$645$356
27 years$2,063$1,535$1,124$813$581$312
28 years$1,968$1,446$1,045$745$525$273
29 years$1,880$1,364$973$683$474$240
30 years$1,797$1,289$906$627$428$210
31 years$1,721$1,218$845$576$387$185
32 years$1,649$1,153$788$529$350$162
33 years$1,581$1,092$736$487$317$142
34 years$1,518$1,034$688$448$287$125
35 years$1,459$981$643$412$260$110
36 years$1,402$931$601$380$235$97
37 years$1,349$885$563$350$213$85
38 years$1,299$841$527$322$193$75
39 years$1,252$799$494$297$175$66
40 years$1,207$761$463$274$159$58
41 years$1,165$724$434$253$144$51
42 years$1,124$689$407$233$131$45
43 years$1,086$657$382$215$119$39
44 years$1,049$626$359$199$108$35
45 years$1,014$597$337$184$98$30
46 years$981$570$316$170$89$27
47 years$949$544$297$157$81$24
48 years$919$519$279$145$73$21
49 years$890$496$262$134$67$18
50 years$862$473$247$124$60$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $883,000, adding $4,852 every year, while hoping to spend $33,925 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: 65/23/12 Blend
39$883,000$883,000$883,000$883,000
40$978,071$931,272$917,585$1,038,671
41$1,041,738$940,808$912,229$1,089,265
42$1,110,762$949,675$905,555$1,140,112
43$1,185,654$957,803$897,486$1,194,813
44$1,266,976$965,120$887,936$1,253,743
45$1,355,344$971,547$876,818$1,317,315
46$1,451,438$977,002$864,041$1,385,984
47$1,556,006$981,397$849,508$1,460,252
48$1,669,871$984,638$833,118$1,540,675
49$1,793,937$986,624$814,767$1,627,862
50$1,929,201$987,251$794,344$1,722,488
51$2,076,758$986,405$771,733$1,825,298
52$2,237,816$983,967$746,815$1,937,112
53$2,413,703$979,811$719,462$2,058,835
54$2,605,880$973,801$689,544$2,191,465
55$2,815,957$965,796$656,922$2,336,105
56$3,045,708$955,642$621,451$2,493,970
57$3,297,082$943,181$582,982$2,666,400
58$3,572,229$928,241$541,356$2,854,873
59$3,873,514$910,643$496,410$3,061,021
60$4,203,544$890,196$447,971$3,286,642
61$4,565,187$866,697$395,859$3,533,722
62$4,961,603$839,932$339,887$3,804,448
63$5,396,273$809,675$279,860$4,101,235
64$5,873,029$775,686$215,572$4,426,746
65$6,396,095$737,711$146,810$4,783,917
66$6,970,119$695,481$73,351$5,175,987
67$7,600,225$648,714$0$5,606,528
68$8,292,056$597,108$0$6,080,125
69$9,051,826$540,347$0$6,610,543
70$9,886,383$478,095$0$7,193,201
71$10,803,270$409,998$0$7,833,419
72$11,810,796$335,681$0$8,537,057
73$12,918,117$254,748$0$9,310,578
74$14,135,316$166,782$0$10,161,105
75$15,473,506$71,342$0$11,096,489
76$16,944,927$0$0$12,125,387
77$18,563,067$0$0$13,265,449
78$20,342,784$0$0$14,539,275
79$22,300,451$0$0$15,940,535
80$24,454,104$0$0$17,482,149
81$26,823,619$0$0$19,178,351
82$29,430,893$0$0$21,044,827
83$32,300,054$0$0$23,098,856
84$35,457,686$0$0$25,359,481
85$38,933,083$0$0$27,847,684
86$42,758,519$0$0$30,586,581
87$46,969,559$0$0$33,601,646
88$51,605,389$0$0$36,920,948
89$56,709,190$0$0$40,575,415
90$62,328,540$0$0$44,599,126
91$68,515,866$0$0$49,029,634
92$75,328,939$0$0$53,908,317
93$82,831,416$0$0$59,280,773
94$91,093,442$0$0$65,197,243
95$100,192,311$0$0$71,713,094
96$110,213,195$0$0$78,889,332
97$121,249,950$0$0$86,793,183
98$133,405,996$0$0$95,498,727
99$146,795,299$0$0$105,087,595
100$161,543,440$0$0$115,649,739