Can I retire at age 40 with 817,000?

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 $817,000?

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$67,467$66,866$66,280$65,708$65,149$64,175
2 years$33,400$32,778$32,175$31,590$31,023$30,045
3 years$22,045$21,420$20,819$20,240$19,682$18,729
4 years$16,369$15,746$15,151$14,582$14,038$13,117
5 years$12,964$12,345$11,758$11,200$10,671$9,786
6 years$10,695$10,081$9,502$8,957$8,444$7,595
7 years$9,075$8,466$7,896$7,364$6,867$6,055
8 years$7,861$7,257$6,697$6,177$5,697$4,921
9 years$6,916$6,318$5,768$5,262$4,798$4,058
10 years$6,162$5,569$5,029$4,536$4,088$3,384
11 years$5,544$4,958$4,427$3,947$3,516$2,847
12 years$5,030$4,450$3,929$3,462$3,047$2,412
13 years$4,596$4,022$3,510$3,057$2,657$2,055
14 years$4,224$3,656$3,154$2,714$2,329$1,759
15 years$3,901$3,339$2,848$2,420$2,050$1,512
16 years$3,620$3,064$2,582$2,167$1,812$1,304
17 years$3,371$2,822$2,349$1,947$1,607$1,128
18 years$3,151$2,607$2,145$1,755$1,429$978
19 years$2,954$2,416$1,963$1,585$1,273$849
20 years$2,777$2,245$1,802$1,436$1,137$739
21 years$2,617$2,092$1,657$1,303$1,018$644
22 years$2,471$1,952$1,527$1,185$912$562
23 years$2,339$1,826$1,410$1,079$819$491
24 years$2,218$1,711$1,304$984$736$429
25 years$2,106$1,606$1,208$899$662$376
26 years$2,004$1,509$1,120$822$597$329
27 years$1,909$1,420$1,040$752$538$288
28 years$1,821$1,338$967$689$485$253
29 years$1,739$1,262$900$632$438$222
30 years$1,663$1,192$838$580$396$195
31 years$1,592$1,127$782$533$358$171
32 years$1,525$1,066$729$490$324$150
33 years$1,463$1,010$681$450$293$132
34 years$1,405$957$636$414$265$116
35 years$1,349$908$595$381$240$102
36 years$1,298$862$556$351$218$89
37 years$1,249$818$521$324$197$79
38 years$1,202$778$488$298$179$69
39 years$1,158$740$457$275$162$61
40 years$1,117$704$428$254$147$54
41 years$1,078$670$402$234$134$47
42 years$1,040$638$377$216$121$41
43 years$1,005$608$353$199$110$36
44 years$971$579$332$184$100$32
45 years$938$552$312$170$91$28
46 years$908$527$293$157$82$25
47 years$878$503$275$145$75$22
48 years$850$480$258$134$68$19
49 years$823$459$243$124$62$17
50 years$798$438$228$115$56$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $817,000, adding $5,390 every year, while hoping to spend $32,192 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: 37/43/20 Blend
39$817,000$817,000$817,000$817,000
40$905,894$862,593$849,929$933,775
41$964,043$870,608$844,150$962,514
42$1,027,044$877,937$837,098$990,121
43$1,095,359$884,512$828,697$1,019,277
44$1,169,494$890,261$818,866$1,050,142
45$1,250,006$895,108$807,522$1,082,889
46$1,337,509$898,970$794,577$1,117,714
47$1,432,678$901,762$779,938$1,154,834
48$1,536,254$903,392$763,509$1,194,490
49$1,649,054$903,760$745,189$1,236,951
50$1,771,977$902,764$724,872$1,282,513
51$1,906,012$900,293$702,449$1,331,509
52$2,052,248$896,230$677,803$1,384,304
53$2,211,881$890,449$650,814$1,441,306
54$2,386,232$882,820$621,355$1,502,968
55$2,576,752$873,203$589,295$1,569,792
56$2,785,040$861,449$554,495$1,642,333
57$3,012,855$847,400$516,811$1,721,209
58$3,262,134$830,892$476,093$1,807,103
59$3,535,013$811,746$432,183$1,900,774
60$3,833,839$789,776$384,916$2,003,061
61$4,161,201$764,786$334,120$2,114,895
62$4,519,947$736,564$279,617$2,237,306
63$4,913,216$704,890$221,219$2,371,435
64$5,344,464$669,529$158,729$2,518,545
65$5,817,497$630,234$91,945$2,680,034
66$6,336,508$586,742$20,651$2,857,450
67$6,906,116$538,776$0$3,052,506
68$7,531,407$486,044$0$3,278,923
69$8,217,985$428,235$0$3,532,440
70$8,972,023$365,022$0$3,811,015
71$9,800,321$296,059$0$4,117,264
72$10,710,369$220,981$0$4,454,076
73$11,710,421$139,403$0$4,824,641
74$12,809,566$50,917$0$5,232,482
75$14,017,822$0$0$5,681,488
76$15,346,224$0$0$6,197,204
77$16,806,927$0$0$6,790,899
78$18,413,327$0$0$7,443,941
79$20,180,181$0$0$8,162,345
80$22,123,747$0$0$8,952,738
81$24,261,941$0$0$9,822,424
82$26,614,500$0$0$10,779,447
83$29,203,173$0$0$11,832,673
84$32,051,920$0$0$12,991,870
85$35,187,146$0$0$14,267,802
86$38,637,941$0$0$15,672,328
87$42,436,361$0$0$17,218,516
88$46,617,727$0$0$18,920,765
89$51,220,956$0$0$20,794,941
90$56,288,935$0$0$22,858,526
91$61,868,915$0$0$25,130,787
92$68,012,967$0$0$27,632,950
93$74,778,464$0$0$30,388,406
94$82,228,630$0$0$33,422,931
95$90,433,130$0$0$36,764,927
96$99,468,730$0$0$40,445,692
97$109,420,020$0$0$44,499,713
98$120,380,216$0$0$48,964,994
99$132,452,030$0$0$53,883,412
100$145,748,650$0$0$59,301,115