Can I retire at age 40 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$67,963$67,357$66,767$66,190$65,627$64,727
2 years$33,645$33,018$32,411$31,822$31,251$30,345
3 years$22,207$21,578$20,972$20,389$19,827$18,944
4 years$16,489$15,862$15,262$14,689$14,141$13,288
5 years$13,060$12,436$11,844$11,283$10,750$9,929
6 years$10,774$10,155$9,572$9,023$8,506$7,718
7 years$9,142$8,528$7,954$7,418$6,917$6,164
8 years$7,918$7,310$6,746$6,223$5,739$5,018
9 years$6,967$6,365$5,810$5,300$4,833$4,146
10 years$6,207$5,610$5,065$4,569$4,118$3,463
11 years$5,585$4,994$4,460$3,976$3,541$2,919
12 years$5,067$4,483$3,958$3,488$3,069$2,478
13 years$4,629$4,051$3,536$3,079$2,676$2,115
14 years$4,255$3,682$3,177$2,733$2,346$1,815
15 years$3,930$3,364$2,868$2,438$2,066$1,563
16 years$3,646$3,086$2,601$2,183$1,826$1,351
17 years$3,396$2,842$2,367$1,961$1,619$1,171
18 years$3,174$2,626$2,160$1,767$1,439$1,017
19 years$2,976$2,434$1,978$1,597$1,283$885
20 years$2,797$2,262$1,815$1,446$1,146$772
21 years$2,636$2,107$1,669$1,313$1,025$674
22 years$2,490$1,967$1,539$1,194$919$590
23 years$2,356$1,839$1,421$1,087$825$516
24 years$2,234$1,723$1,314$991$742$453
25 years$2,122$1,617$1,217$905$667$397
26 years$2,018$1,520$1,129$828$601$348
27 years$1,923$1,431$1,048$758$542$306
28 years$1,834$1,348$974$694$489$269
29 years$1,752$1,272$907$637$442$237
30 years$1,675$1,201$845$584$399$208
31 years$1,604$1,135$787$537$361$183
32 years$1,537$1,074$735$493$326$161
33 years$1,474$1,017$686$454$295$142
34 years$1,415$964$641$417$267$125
35 years$1,359$915$599$384$242$110
36 years$1,307$868$560$354$219$97
37 years$1,258$824$525$326$199$86
38 years$1,211$783$491$300$180$76
39 years$1,167$745$460$277$163$67
40 years$1,125$709$431$256$148$59
41 years$1,085$675$405$236$135$52
42 years$1,048$643$379$218$122$46
43 years$1,012$612$356$201$111$40
44 years$978$584$334$185$101$36
45 years$945$557$314$171$91$31
46 years$914$531$295$158$83$28
47 years$885$507$277$146$75$24
48 years$856$484$260$135$68$22
49 years$829$462$245$125$62$19
50 years$804$441$230$115$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $823,000, adding $3,352 every year, while hoping to spend $38,447 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: 47/33/20 Blend
39$823,000$823,000$823,000$823,000
40$910,404$866,785$854,028$947,872
41$962,357$868,350$841,731$975,922
42$1,018,322$868,703$827,733$1,002,229
43$1,078,666$867,744$811,937$1,029,981
44$1,143,794$865,368$794,241$1,059,329
45$1,214,150$861,460$774,537$1,090,445
46$1,290,224$855,903$752,715$1,123,516
47$1,372,554$848,568$728,657$1,158,752
48$1,461,728$839,322$702,241$1,196,388
49$1,558,397$828,022$673,340$1,236,684
50$1,663,275$814,517$641,818$1,279,931
51$1,777,148$798,646$607,537$1,326,451
52$1,900,878$780,241$570,350$1,376,602
53$2,035,416$759,121$530,106$1,430,784
54$2,181,807$735,097$486,643$1,489,438
55$2,341,202$707,967$439,796$1,553,056
56$2,514,866$677,519$389,391$1,622,186
57$2,704,191$643,526$335,245$1,697,431
58$2,910,712$605,752$277,168$1,779,466
59$3,136,114$563,944$214,963$1,869,034
60$3,382,255$517,835$148,422$1,966,965
61$3,651,180$467,144$77,329$2,074,173
62$3,945,139$411,572$1,458$2,191,677
63$4,266,611$350,807$0$2,320,601
64$4,618,323$284,514$0$2,479,160
65$5,003,280$212,344$0$2,653,204
66$5,424,791$133,924$0$2,844,006
67$5,886,497$48,864$0$3,053,317
68$6,392,411$0$0$3,283,071
69$6,946,952$0$0$3,551,111
70$7,554,985$0$0$3,864,555
71$8,221,870$0$0$4,208,434
72$8,953,510$0$0$4,585,805
73$9,756,406$0$0$5,000,032
74$10,637,722$0$0$5,454,825
75$11,605,346$0$0$5,954,268
76$12,667,970$0$0$6,502,860
77$13,835,165$0$0$7,105,558
78$15,117,478$0$0$7,767,822
79$16,526,529$0$0$8,495,669
80$18,075,114$0$0$9,295,725
81$19,777,337$0$0$10,175,292
82$21,648,730$0$0$11,142,413
83$23,706,411$0$0$12,205,953
84$25,969,234$0$0$13,375,674
85$28,457,975$0$0$14,662,336
86$31,195,524$0$0$16,077,791
87$34,207,100$0$0$17,635,098
88$37,520,491$0$0$19,348,649
89$41,166,312$0$0$21,234,297
90$45,178,296$0$0$23,309,512
91$49,593,614$0$0$25,593,542
92$54,453,218$0$0$28,107,596
93$59,802,235$0$0$30,875,045
94$65,690,387$0$0$33,921,639
95$72,172,464$0$0$37,275,751
96$79,308,834$0$0$40,968,648
97$87,166,020$0$0$45,034,778
98$95,817,321$0$0$49,512,105
99$105,343,505$0$0$54,442,459
100$115,833,575$0$0$59,871,932