Can I retire at age 40 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$67,550$66,948$66,361$65,788$65,228$64,954
2 years$33,440$32,818$32,214$31,629$31,061$30,784
3 years$22,072$21,447$20,845$20,265$19,706$19,435
4 years$16,389$15,766$15,170$14,600$14,055$13,791
5 years$12,980$12,360$11,772$11,214$10,684$10,430
6 years$10,708$10,093$9,514$8,968$8,454$8,209
7 years$9,086$8,476$7,906$7,373$6,875$6,639
8 years$7,870$7,266$6,705$6,185$5,704$5,477
9 years$6,925$6,326$5,775$5,268$4,803$4,586
10 years$6,169$5,576$5,035$4,541$4,093$3,884
11 years$5,551$4,964$4,432$3,952$3,520$3,320
12 years$5,036$4,456$3,934$3,467$3,050$2,860
13 years$4,601$4,027$3,514$3,061$2,660$2,478
14 years$4,229$3,660$3,158$2,717$2,332$2,158
15 years$3,906$3,343$2,851$2,423$2,053$1,888
16 years$3,624$3,068$2,585$2,169$1,814$1,657
17 years$3,375$2,825$2,352$1,949$1,609$1,460
18 years$3,155$2,611$2,147$1,757$1,430$1,289
19 years$2,957$2,419$1,966$1,587$1,275$1,141
20 years$2,780$2,248$1,804$1,438$1,139$1,012
21 years$2,620$2,094$1,659$1,305$1,019$899
22 years$2,474$1,955$1,529$1,186$914$800
23 years$2,342$1,828$1,412$1,080$820$713
24 years$2,220$1,713$1,306$985$737$636
25 years$2,109$1,608$1,210$900$663$568
26 years$2,006$1,511$1,122$823$597$507
27 years$1,911$1,422$1,042$753$539$454
28 years$1,823$1,340$968$690$486$406
29 years$1,741$1,264$901$633$439$364
30 years$1,665$1,194$839$581$397$326
31 years$1,594$1,128$783$533$359$293
32 years$1,527$1,068$730$490$324$263
33 years$1,465$1,011$682$451$293$236
34 years$1,406$958$637$415$266$212
35 years$1,351$909$596$382$241$190
36 years$1,299$863$557$352$218$171
37 years$1,250$819$521$324$198$154
38 years$1,204$779$488$299$179$138
39 years$1,160$741$457$275$162$124
40 years$1,118$705$429$254$147$112
41 years$1,079$671$402$234$134$100
42 years$1,041$639$377$216$121$90
43 years$1,006$609$354$200$110$81
44 years$972$580$332$184$100$73
45 years$940$553$312$170$91$66
46 years$909$528$293$157$82$59
47 years$879$504$275$145$75$53
48 years$851$481$259$134$68$48
49 years$824$459$243$124$62$43
50 years$799$439$229$115$56$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $818,000, adding $2,335 every year, while hoping to spend $38,596 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: 62/30/8 Blend
39$818,000$818,000$818,000$818,000
40$903,845$860,491$847,812$958,242
41$954,971$861,589$835,147$995,977
42$1,010,018$861,447$820,765$1,032,458
43$1,069,347$859,964$804,567$1,071,295
44$1,133,350$857,033$786,450$1,112,715
45$1,202,462$852,537$766,307$1,156,970
46$1,277,159$846,357$744,024$1,204,336
47$1,357,964$838,364$719,484$1,255,123
48$1,445,453$828,421$692,563$1,309,670
49$1,540,259$816,384$663,134$1,368,354
50$1,643,078$802,098$631,061$1,431,590
51$1,754,674$785,403$596,203$1,499,838
52$1,875,889$766,126$558,414$1,573,608
53$2,007,648$744,084$517,540$1,653,462
54$2,150,969$719,086$473,419$1,740,022
55$2,306,974$690,927$425,884$1,833,975
56$2,476,894$659,391$374,760$1,936,081
57$2,662,086$624,251$319,864$2,047,180
58$2,864,043$585,263$261,003$2,168,200
59$3,084,409$542,174$197,980$2,300,168
60$3,324,990$494,712$130,584$2,444,217
61$3,587,779$442,593$58,598$2,601,599
62$3,874,968$385,515$0$2,773,699
63$4,188,968$323,159$0$2,963,601
64$4,532,437$255,188$0$3,176,877
65$4,908,300$181,247$0$3,410,407
66$5,319,778$100,959$0$3,666,273
67$5,770,418$13,929$0$3,946,774
68$6,264,126$0$0$4,254,447
69$6,805,204$0$0$4,618,588
70$7,398,389$0$0$5,022,900
71$8,048,899$0$0$5,466,347
72$8,762,481$0$0$5,952,856
73$9,545,465$0$0$6,486,750
74$10,404,824$0$0$7,072,793
75$11,348,237$0$0$7,716,230
76$12,384,166$0$0$8,422,842
77$13,521,929$0$0$9,198,994
78$14,771,793$0$0$10,051,700
79$16,145,068$0$0$10,988,685
80$17,654,214$0$0$12,018,462
81$19,312,956$0$0$13,150,408
82$21,136,417$0$0$14,394,853
83$23,141,258$0$0$15,763,179
84$25,345,834$0$0$17,267,926
85$27,770,368$0$0$18,922,910
86$30,437,141$0$0$20,743,352
87$33,370,702$0$0$22,746,024
88$36,598,099$0$0$24,949,404
89$40,149,134$0$0$27,373,853
90$44,056,642$0$0$30,041,803
91$48,356,802$0$0$32,977,972
92$53,089,481$0$0$36,209,595
93$58,298,601$0$0$39,766,682
94$64,032,563$0$0$43,682,298
95$70,344,695$0$0$47,992,879
96$77,293,760$0$0$52,738,571
97$84,944,508$0$0$57,963,612
98$93,368,286$0$0$63,716,747
99$102,643,712$0$0$70,051,689
100$112,857,414$0$0$77,027,623