Can I retire at age 40 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$67,302$66,702$66,118$65,547$64,989$63,392
2 years$33,318$32,697$32,096$31,513$30,947$29,348
3 years$21,991$21,368$20,768$20,191$19,634$18,083
4 years$16,329$15,708$15,114$14,546$14,003$12,512
5 years$12,933$12,315$11,729$11,173$10,645$9,218
6 years$10,669$10,056$9,479$8,935$8,423$7,061
7 years$9,053$8,445$7,877$7,346$6,850$5,554
8 years$7,841$7,239$6,680$6,162$5,683$4,452
9 years$6,899$6,303$5,754$5,249$4,786$3,619
10 years$6,146$5,556$5,016$4,525$4,078$2,973
11 years$5,531$4,946$4,416$3,938$3,507$2,463
12 years$5,018$4,439$3,919$3,454$3,039$2,055
13 years$4,584$4,012$3,502$3,049$2,650$1,723
14 years$4,213$3,647$3,146$2,707$2,323$1,452
15 years$3,892$3,331$2,841$2,414$2,045$1,227
16 years$3,611$3,056$2,575$2,162$1,808$1,040
17 years$3,363$2,815$2,344$1,942$1,603$884
18 years$3,143$2,601$2,139$1,750$1,425$753
19 years$2,947$2,411$1,958$1,581$1,270$643
20 years$2,770$2,240$1,797$1,432$1,135$549
21 years$2,610$2,086$1,653$1,300$1,015$470
22 years$2,465$1,948$1,524$1,182$910$403
23 years$2,333$1,822$1,407$1,076$817$345
24 years$2,212$1,707$1,301$982$734$296
25 years$2,101$1,602$1,205$897$661$254
26 years$1,999$1,505$1,118$820$595$219
27 years$1,904$1,417$1,038$750$537$188
28 years$1,816$1,335$965$688$484$162
29 years$1,735$1,259$898$630$437$139
30 years$1,659$1,189$836$579$395$120
31 years$1,588$1,124$780$531$357$103
32 years$1,522$1,064$727$488$323$89
33 years$1,460$1,007$679$449$292$76
34 years$1,401$955$635$413$265$66
35 years$1,346$906$593$380$240$57
36 years$1,294$860$555$350$217$49
37 years$1,246$816$520$323$197$42
38 years$1,199$776$487$298$179$36
39 years$1,156$738$456$274$162$31
40 years$1,114$702$427$253$147$27
41 years$1,075$668$401$233$133$23
42 years$1,038$636$376$215$121$20
43 years$1,002$606$353$199$110$17
44 years$968$578$331$184$100$15
45 years$936$551$311$170$90$13
46 years$905$526$292$157$82$11
47 years$876$502$274$145$75$9
48 years$848$479$258$134$68$8
49 years$821$457$242$124$61$7
50 years$796$437$228$114$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $815,000, adding $2,727 every year, while hoping to spend $52,453 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: 44/27/29 Blend
39$815,000$815,000$815,000$815,000
40$900,943$857,748$845,115$932,892
41$937,029$843,968$817,617$942,221
42$975,039$827,755$787,440$947,134
43$1,015,112$808,934$754,438$951,466
44$1,057,402$787,320$718,460$955,193
45$1,102,076$762,718$679,348$958,295
46$1,149,317$734,920$636,935$960,751
47$1,199,323$703,707$591,048$962,544
48$1,252,312$668,847$541,507$963,660
49$1,308,522$630,095$488,121$964,087
50$1,368,213$587,191$430,695$963,819
51$1,431,668$539,860$369,020$962,854
52$1,499,198$487,813$302,882$961,197
53$1,571,143$430,743$232,056$958,858
54$1,647,876$368,326$156,306$955,855
55$1,729,805$300,220$75,388$952,217
56$1,817,377$226,062$0$947,981
57$1,911,081$145,471$0$946,590
58$2,011,456$58,044$0$969,828
59$2,119,091$0$0$994,509
60$2,234,632$0$0$1,031,704
61$2,358,790$0$0$1,090,273
62$2,492,342$0$0$1,153,346
63$2,636,145$0$0$1,221,336
64$2,791,138$0$0$1,294,698
65$2,958,352$0$0$1,373,928
66$3,138,921$0$0$1,459,577
67$3,334,092$0$0$1,552,245
68$3,545,232$0$0$1,652,594
69$3,773,847$0$0$1,761,353
70$4,021,591$0$0$1,879,321
71$4,290,284$0$0$2,007,378
72$4,581,926$0$0$2,146,494
73$4,898,717$0$0$2,297,731
74$5,243,078$0$0$2,462,262
75$5,617,672$0$0$2,641,375
76$6,025,428$0$0$2,836,488
77$6,469,571$0$0$3,049,162
78$6,953,646$0$0$3,281,115
79$7,481,559$0$0$3,534,236
80$8,057,606$0$0$3,810,607
81$8,686,516$0$0$4,112,518
82$9,373,498$0$0$4,442,491
83$10,124,282$0$0$4,803,301
84$10,945,178$0$0$5,198,006
85$11,843,135$0$0$5,629,970
86$12,825,802$0$0$6,102,901
87$13,901,603$0$0$6,620,879
88$15,079,814$0$0$7,188,399
89$16,370,651$0$0$7,810,410
90$17,785,362$0$0$8,492,362
91$19,336,339$0$0$9,240,261
92$21,037,227$0$0$10,060,718
93$22,903,056$0$0$10,961,017
94$24,950,381$0$0$11,949,180
95$27,197,435$0$0$13,034,046
96$29,664,306$0$0$14,225,349
97$32,373,119$0$0$15,533,813
98$35,348,247$0$0$16,971,250
99$38,616,540$0$0$18,550,675
100$42,207,576$0$0$20,286,424