Can I retire at age 40 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$68,045$67,439$66,848$66,271$65,707$63,200
2 years$33,686$33,058$32,450$31,861$31,289$28,793
3 years$22,234$21,604$20,998$20,414$19,851$17,444
4 years$16,509$15,881$15,281$14,707$14,158$11,858
5 years$13,075$12,451$11,859$11,296$10,763$8,577
6 years$10,787$10,167$9,583$9,034$8,516$6,445
7 years$9,153$8,538$7,964$7,427$6,926$4,969
8 years$7,928$7,319$6,754$6,230$5,746$3,902
9 years$6,976$6,373$5,817$5,307$4,839$3,105
10 years$6,214$5,617$5,072$4,575$4,123$2,495
11 years$5,592$5,001$4,465$3,981$3,546$2,021
12 years$5,073$4,488$3,963$3,492$3,073$1,648
13 years$4,635$4,056$3,540$3,083$2,679$1,349
14 years$4,260$3,687$3,181$2,737$2,349$1,109
15 years$3,935$3,368$2,872$2,441$2,068$915
16 years$3,651$3,090$2,604$2,185$1,828$756
17 years$3,400$2,846$2,369$1,964$1,621$627
18 years$3,178$2,630$2,163$1,770$1,441$520
19 years$2,979$2,437$1,980$1,599$1,284$432
20 years$2,801$2,265$1,817$1,448$1,147$360
21 years$2,639$2,110$1,671$1,314$1,027$300
22 years$2,493$1,969$1,541$1,195$920$250
23 years$2,359$1,842$1,422$1,088$826$208
24 years$2,237$1,726$1,315$993$742$174
25 years$2,124$1,619$1,218$906$668$145
26 years$2,021$1,522$1,130$829$602$121
27 years$1,925$1,432$1,049$759$543$101
28 years$1,837$1,350$975$695$490$85
29 years$1,754$1,273$908$637$442$71
30 years$1,677$1,202$846$585$399$59
31 years$1,606$1,137$788$537$361$49
32 years$1,539$1,076$735$494$327$41
33 years$1,476$1,019$687$454$296$35
34 years$1,417$965$642$418$268$29
35 years$1,361$916$600$385$242$24
36 years$1,309$869$561$354$220$20
37 years$1,259$825$525$326$199$17
38 years$1,213$784$492$301$180$14
39 years$1,168$746$461$277$164$12
40 years$1,127$710$432$256$148$10
41 years$1,087$676$405$236$135$8
42 years$1,049$643$380$218$122$7
43 years$1,013$613$357$201$111$6
44 years$979$584$335$186$101$5
45 years$946$557$314$171$91$4
46 years$915$532$295$158$83$3
47 years$886$507$277$146$75$3
48 years$857$484$261$135$68$2
49 years$830$462$245$125$62$2
50 years$805$442$230$116$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $824,000, adding $5,317 every year, while hoping to spend $21,240 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: 41/45/14 Blend
39$824,000$824,000$824,000$824,000
40$913,532$869,860$857,088$947,006
41$984,114$889,884$863,202$991,158
42$1,061,182$910,178$868,808$1,036,419
43$1,145,377$930,731$873,868$1,084,944
44$1,237,403$951,534$878,339$1,137,043
45$1,338,034$972,575$882,180$1,193,051
46$1,448,124$993,841$885,343$1,253,344
47$1,568,611$1,015,318$887,780$1,318,330
48$1,700,530$1,036,990$889,442$1,388,463
49$1,845,021$1,058,839$890,275$1,464,242
50$2,003,338$1,080,847$890,224$1,546,217
51$2,176,862$1,102,992$889,230$1,634,992
52$2,367,114$1,125,251$887,232$1,731,237
53$2,575,771$1,147,600$884,165$1,835,687
54$2,804,678$1,170,011$879,963$1,949,154
55$3,055,869$1,192,454$874,555$2,072,532
56$3,331,582$1,214,899$867,867$2,206,807
57$3,634,283$1,237,309$859,821$2,353,066
58$3,966,692$1,259,649$850,337$2,512,508
59$4,331,800$1,281,877$839,328$2,686,454
60$4,732,904$1,303,950$826,707$2,876,360
61$5,173,638$1,325,822$812,379$3,083,832
62$5,658,004$1,347,441$796,248$3,310,640
63$6,190,409$1,368,755$778,212$3,558,736
64$6,775,711$1,389,704$758,162$3,830,272
65$7,419,261$1,410,227$735,988$4,127,620
66$8,126,955$1,430,257$711,573$4,453,396
67$8,905,288$1,449,723$684,794$4,810,482
68$9,761,416$1,468,549$655,524$5,202,059
69$10,703,225$1,486,652$623,628$5,631,630
70$11,739,402$1,503,946$588,967$6,103,061
71$12,879,519$1,520,337$551,396$6,620,609
72$14,134,123$1,535,727$510,760$7,188,973
73$15,514,834$1,550,008$466,902$7,813,330
74$17,034,458$1,563,069$419,654$8,499,387
75$18,707,102$1,574,789$368,842$9,253,437
76$20,548,313$1,585,040$314,284$10,082,418
77$22,575,219$1,593,685$255,791$10,993,977
78$24,806,696$1,600,580$193,164$11,996,545
79$27,263,540$1,605,570$126,197$13,099,416
80$29,968,669$1,608,491$54,672$14,312,837
81$32,947,336$1,609,169$0$15,648,100
82$36,227,365$1,607,419$0$17,120,894
83$39,839,418$1,603,044$0$18,750,634
84$43,817,281$1,595,837$0$20,544,310
85$48,198,185$1,585,574$0$22,518,640
86$53,023,156$1,572,022$0$24,692,049
87$58,337,398$1,554,932$0$27,084,844
88$64,190,729$1,534,040$0$29,719,408
89$70,638,041$1,509,066$0$32,620,411
90$77,739,825$1,479,714$0$35,815,043
91$85,562,737$1,445,670$0$39,333,273
92$94,180,230$1,406,601$0$43,208,130
93$103,673,245$1,362,156$0$47,476,020
94$114,130,976$1,311,962$0$52,177,066
95$125,651,712$1,255,624$0$57,355,491
96$138,343,763$1,192,727$0$63,060,034
97$152,326,485$1,122,828$0$69,344,413
98$167,731,401$1,045,462$0$76,267,833
99$184,703,449$960,134$0$83,895,548
100$203,402,344$866,324$0$92,299,472