Can I retire at age 40 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$66,724$66,130$65,550$64,984$64,431$62,620
2 years$33,032$32,416$31,820$31,242$30,681$28,870
3 years$21,802$21,185$20,590$20,017$19,466$17,711
4 years$16,189$15,573$14,984$14,421$13,883$12,199
5 years$12,822$12,209$11,628$11,077$10,554$8,945
6 years$10,577$9,970$9,397$8,858$8,351$6,819
7 years$8,975$8,373$7,809$7,283$6,791$5,336
8 years$7,774$7,177$6,623$6,109$5,634$4,254
9 years$6,840$6,249$5,704$5,204$4,745$3,439
10 years$6,094$5,508$4,973$4,486$4,043$2,810
11 years$5,483$4,903$4,378$3,904$3,477$2,315
12 years$4,975$4,401$3,886$3,424$3,013$1,920
13 years$4,545$3,977$3,472$3,023$2,627$1,600
14 years$4,177$3,615$3,119$2,684$2,303$1,340
15 years$3,858$3,303$2,816$2,393$2,028$1,125
16 years$3,580$3,030$2,553$2,143$1,792$948
17 years$3,334$2,791$2,323$1,925$1,589$801
18 years$3,116$2,579$2,121$1,735$1,413$677
19 years$2,921$2,390$1,942$1,568$1,259$574
20 years$2,746$2,221$1,782$1,420$1,125$487
21 years$2,588$2,069$1,639$1,289$1,007$414
22 years$2,444$1,931$1,511$1,172$902$352
23 years$2,313$1,806$1,395$1,067$810$300
24 years$2,193$1,692$1,290$973$728$256
25 years$2,083$1,588$1,195$889$655$218
26 years$1,982$1,492$1,108$813$590$186
27 years$1,888$1,404$1,029$744$532$159
28 years$1,801$1,323$957$682$480$135
29 years$1,720$1,249$890$625$433$116
30 years$1,645$1,179$829$574$392$99
31 years$1,574$1,115$773$527$354$84
32 years$1,509$1,055$721$484$320$72
33 years$1,447$999$673$445$290$62
34 years$1,389$947$629$410$262$53
35 years$1,335$898$588$377$238$45
36 years$1,283$852$550$347$215$38
37 years$1,235$809$515$320$195$33
38 years$1,189$769$482$295$177$28
39 years$1,146$731$452$272$160$24
40 years$1,105$696$424$251$146$21
41 years$1,066$662$397$231$132$18
42 years$1,029$631$373$214$120$15
43 years$994$601$350$197$109$13
44 years$960$573$328$182$99$11
45 years$928$546$308$168$90$9
46 years$898$521$289$155$81$8
47 years$869$497$272$143$74$7
48 years$841$475$255$133$67$6
49 years$814$453$240$123$61$5
50 years$789$433$226$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $808,000, adding $6,149 every year, while hoping to spend $38,594 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: 55/26/19 Blend
39$808,000$808,000$808,000$808,000
40$896,759$853,935$841,411$941,174
41$947,164$854,714$828,534$972,974
42$1,001,418$854,238$813,933$1,002,958
43$1,059,871$852,404$797,508$1,034,761
44$1,122,910$849,104$779,157$1,068,569
45$1,190,960$844,222$758,771$1,104,586
46$1,264,486$837,638$736,238$1,143,040
47$1,344,001$829,220$711,440$1,184,182
48$1,430,069$818,831$684,253$1,228,293
49$1,523,308$806,326$654,548$1,275,683
50$1,624,401$791,551$622,190$1,326,696
51$1,734,094$774,342$587,039$1,381,714
52$1,853,213$754,526$548,945$1,441,159
53$1,982,662$731,919$507,757$1,505,501
54$2,123,439$706,328$463,311$1,575,260
55$2,276,639$677,547$415,441$1,651,010
56$2,443,468$645,359$363,971$1,733,390
57$2,625,254$609,534$308,716$1,823,104
58$2,823,458$569,829$249,486$1,920,936
59$3,039,687$525,987$186,080$2,027,749
60$3,275,711$477,736$118,290$2,144,501
61$3,533,477$424,789$45,896$2,272,252
62$3,815,131$366,843$0$2,412,175
63$4,123,032$303,576$0$2,571,924
64$4,459,780$234,650$0$2,756,918
65$4,828,237$159,707$0$2,959,479
66$5,231,553$78,369$0$3,181,415
67$5,673,199$0$0$3,424,719
68$6,156,995$0$0$3,694,386
69$6,687,151$0$0$4,014,536
70$7,268,299$0$0$4,365,556
71$7,905,546$0$0$4,750,538
72$8,604,511$0$0$5,172,889
73$9,371,388$0$0$5,636,361
74$10,212,997$0$0$6,145,085
75$11,136,850$0$0$6,703,615
76$12,151,224$0$0$7,316,964
77$13,265,233$0$0$7,990,657
78$14,488,921$0$0$8,730,778
79$15,833,350$0$0$9,544,031
80$17,310,708$0$0$10,437,802
81$18,934,420$0$0$11,420,226
82$20,719,278$0$0$12,500,267
83$22,681,579$0$0$13,687,800
84$24,839,275$0$0$14,993,705
85$27,212,148$0$0$16,429,971
86$29,821,992$0$0$18,009,802
87$32,692,816$0$0$19,747,752
88$35,851,078$0$0$21,659,852
89$39,325,926$0$0$23,763,769
90$43,149,476$0$0$26,078,965
91$47,357,116$0$0$28,626,887
92$51,987,837$0$0$31,431,164
93$57,084,601$0$0$34,517,835
94$62,694,745$0$0$37,915,587
95$68,870,431$0$0$41,656,034
96$75,669,133$0$0$45,774,008
97$83,154,181$0$0$50,307,890
98$91,395,358$0$0$55,299,974
99$100,469,558$0$0$60,796,862
100$110,461,510$0$0$66,849,905