Can I retire at age 40 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$66,311$65,720$65,144$64,582$64,032$63,576
2 years$32,827$32,216$31,623$31,049$30,492$30,031
3 years$21,667$21,053$20,462$19,893$19,345$18,895
4 years$16,089$15,476$14,891$14,332$13,797$13,361
5 years$12,742$12,134$11,556$11,008$10,488$10,067
6 years$10,512$9,908$9,339$8,803$8,299$7,894
7 years$8,920$8,321$7,761$7,238$6,749$6,360
8 years$7,726$7,132$6,582$6,072$5,599$5,226
9 years$6,798$6,210$5,669$5,172$4,715$4,358
10 years$6,056$5,474$4,942$4,458$4,018$3,676
11 years$5,449$4,873$4,351$3,880$3,455$3,129
12 years$4,944$4,374$3,862$3,403$2,994$2,683
13 years$4,517$3,953$3,450$3,004$2,611$2,314
14 years$4,151$3,593$3,100$2,667$2,289$2,007
15 years$3,834$3,282$2,799$2,379$2,015$1,747
16 years$3,558$3,011$2,538$2,130$1,781$1,526
17 years$3,314$2,773$2,309$1,914$1,579$1,338
18 years$3,097$2,563$2,108$1,724$1,404$1,176
19 years$2,903$2,375$1,930$1,558$1,252$1,035
20 years$2,729$2,207$1,771$1,411$1,118$914
21 years$2,572$2,056$1,629$1,281$1,000$807
22 years$2,429$1,919$1,501$1,165$897$715
23 years$2,299$1,795$1,386$1,061$805$634
24 years$2,180$1,682$1,282$967$724$562
25 years$2,070$1,578$1,187$883$651$499
26 years$1,969$1,483$1,101$808$586$444
27 years$1,876$1,396$1,023$739$529$395
28 years$1,790$1,315$951$677$477$352
29 years$1,709$1,241$885$621$431$313
30 years$1,635$1,172$824$570$389$279
31 years$1,565$1,108$768$524$352$249
32 years$1,499$1,048$717$481$318$222
33 years$1,438$993$669$442$288$198
34 years$1,381$941$625$407$261$177
35 years$1,326$892$585$375$236$158
36 years$1,275$847$547$345$214$141
37 years$1,227$804$512$318$194$126
38 years$1,182$764$479$293$176$113
39 years$1,139$727$449$270$160$101
40 years$1,098$692$421$249$145$90
41 years$1,059$658$395$230$131$81
42 years$1,022$627$370$212$119$72
43 years$987$597$347$196$108$64
44 years$954$569$326$181$98$58
45 years$922$543$306$167$89$52
46 years$892$518$288$154$81$46
47 years$863$494$270$143$73$41
48 years$836$472$254$132$67$37
49 years$809$451$239$122$61$33
50 years$784$430$224$113$55$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $803,000, adding $3,302 every year, while hoping to spend $53,183 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: 38/41/21 Blend
39$803,000$803,000$803,000$803,000
40$888,312$845,753$833,307$916,372
41$922,334$830,609$804,636$921,835
42$958,043$812,940$773,223$922,489
43$995,556$792,566$738,918$922,112
44$1,034,999$769,298$701,568$920,640
45$1,076,508$742,934$661,010$918,010
46$1,120,234$713,259$617,076$914,155
47$1,166,338$680,049$569,589$909,010
48$1,214,998$643,065$518,363$902,504
49$1,266,407$602,054$463,207$894,568
50$1,320,775$556,749$403,919$885,133
51$1,378,332$506,868$340,288$874,127
52$1,439,329$452,112$272,095$861,480
53$1,504,041$392,165$199,111$847,122
54$1,572,767$326,696$121,095$830,982
55$1,645,835$255,350$37,798$812,992
56$1,723,605$177,757$0$793,087
57$1,806,470$93,524$0$782,652
58$1,894,858$2,235$0$779,961
59$1,989,243$0$0$776,544
60$2,090,139$0$0$815,977
61$2,198,114$0$0$859,325
62$2,313,788$0$0$905,838
63$2,437,842$0$0$955,799
64$2,571,022$0$0$1,009,520
65$2,714,150$0$0$1,067,342
66$2,868,124$0$0$1,129,639
67$3,033,933$0$0$1,196,824
68$3,212,663$0$0$1,269,348
69$3,405,505$0$0$1,347,709
70$3,613,769$0$0$1,432,453
71$3,838,895$0$0$1,524,180
72$4,082,463$0$0$1,623,550
73$4,346,214$0$0$1,731,288
74$4,632,059$0$0$1,848,193
75$4,942,099$0$0$1,975,143
76$5,278,647$0$0$2,113,102
77$5,644,245$0$0$2,263,132
78$6,041,690$0$0$2,426,402
79$6,474,060$0$0$2,604,197
80$6,944,738$0$0$2,797,932
81$7,457,451$0$0$3,009,162
82$8,016,298$0$0$3,239,603
83$8,625,790$0$0$3,491,139
84$9,290,892$0$0$3,765,846
85$10,017,072$0$0$4,066,009
86$10,810,344$0$0$4,394,145
87$11,677,334$0$0$4,753,022
88$12,625,333$0$0$5,145,691
89$13,662,371$0$0$5,575,511
90$14,797,288$0$0$6,046,178
91$16,039,819$0$0$6,561,764
92$17,400,685$0$0$7,126,756
93$18,891,690$0$0$7,746,091
94$20,525,836$0$0$8,425,208
95$22,317,441$0$0$9,170,100
96$24,282,276$0$0$9,987,364
97$26,437,711$0$0$10,884,270
98$28,802,878$0$0$11,868,823
99$31,398,849$0$0$12,949,844
100$34,248,840$0$0$14,137,045