Can I retire at age 40 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$68,375$67,766$67,172$66,592$66,026$65,445
2 years$33,849$33,219$32,608$32,015$31,441$30,856
3 years$22,342$21,709$21,099$20,513$19,947$19,376
4 years$16,590$15,958$15,355$14,778$14,227$13,673
5 years$13,139$12,512$11,916$11,351$10,815$10,281
6 years$10,839$10,217$9,630$9,078$8,557$8,044
7 years$9,197$8,580$8,003$7,463$6,959$6,467
8 years$7,966$7,355$6,787$6,261$5,774$5,302
9 years$7,010$6,403$5,845$5,333$4,862$4,411
10 years$6,244$5,644$5,096$4,597$4,143$3,711
11 years$5,619$5,025$4,487$4,001$3,563$3,151
12 years$5,098$4,510$3,982$3,509$3,088$2,695
13 years$4,658$4,076$3,557$3,098$2,692$2,319
14 years$4,280$3,705$3,196$2,750$2,360$2,006
15 years$3,954$3,384$2,886$2,453$2,078$1,741
16 years$3,668$3,105$2,617$2,196$1,837$1,517
17 years$3,417$2,860$2,381$1,973$1,628$1,326
18 years$3,193$2,642$2,173$1,778$1,448$1,162
19 years$2,994$2,449$1,990$1,607$1,291$1,020
20 years$2,814$2,276$1,826$1,455$1,153$898
21 years$2,652$2,120$1,680$1,321$1,032$791
22 years$2,505$1,979$1,548$1,201$925$698
23 years$2,370$1,851$1,429$1,094$830$617
24 years$2,248$1,734$1,322$997$746$546
25 years$2,135$1,627$1,224$911$671$483
26 years$2,031$1,529$1,136$833$605$428
27 years$1,935$1,439$1,054$762$545$380
28 years$1,845$1,356$980$698$492$337
29 years$1,763$1,279$912$641$444$299
30 years$1,685$1,208$850$588$401$266
31 years$1,613$1,142$792$540$363$236
32 years$1,546$1,081$739$496$328$210
33 years$1,483$1,024$690$456$297$187
34 years$1,423$970$645$420$269$166
35 years$1,368$920$603$386$244$148
36 years$1,315$873$564$356$221$132
37 years$1,265$829$528$328$200$117
38 years$1,218$788$494$302$181$105
39 years$1,174$750$463$279$164$93
40 years$1,132$713$434$257$149$83
41 years$1,092$679$407$237$135$74
42 years$1,054$647$382$219$123$66
43 years$1,018$616$358$202$111$59
44 years$984$587$336$187$101$52
45 years$951$560$316$172$92$47
46 years$920$534$297$159$83$42
47 years$890$510$279$147$76$37
48 years$862$487$262$136$69$33
49 years$834$465$246$126$62$29
50 years$808$444$231$116$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $828,000, adding $5,921 every year, while hoping to spend $54,999 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: 63/7/30 Blend
39$828,000$828,000$828,000$828,000
40$918,564$874,680$861,846$968,690
41$953,738$859,020$832,199$987,793
42$990,658$840,750$799,716$1,002,155
43$1,029,442$819,684$764,243$1,016,684
44$1,070,220$795,624$725,620$1,031,405
45$1,113,135$768,362$683,681$1,046,352
46$1,158,341$737,677$638,250$1,061,559
47$1,206,004$703,337$589,145$1,077,071
48$1,256,310$665,093$536,174$1,092,936
49$1,309,456$622,685$479,138$1,109,213
50$1,365,660$575,836$417,829$1,125,969
51$1,425,161$524,255$352,029$1,143,278
52$1,488,217$467,634$281,512$1,161,229
53$1,555,112$405,644$206,039$1,179,921
54$1,626,155$337,943$125,364$1,199,467
55$1,701,687$264,166$39,227$1,219,996
56$1,782,077$183,928$0$1,241,653
57$1,867,731$96,824$0$1,281,472
58$1,959,095$2,423$0$1,337,267
59$2,056,655$0$0$1,396,773
60$2,160,944$0$0$1,468,005
61$2,272,549$0$0$1,544,471
62$2,392,109$0$0$1,626,429
63$2,520,328$0$0$1,714,366
64$2,657,979$0$0$1,808,817
65$2,805,909$0$0$1,910,368
66$2,965,047$0$0$2,019,665
67$3,136,415$0$0$2,137,415
68$3,321,134$0$0$2,264,396
69$3,520,436$0$0$2,401,461
70$3,735,673$0$0$2,549,548
71$3,968,333$0$0$2,709,690
72$4,220,051$0$0$2,883,018
73$4,492,623$0$0$3,070,780
74$4,788,024$0$0$3,274,345
75$5,108,427$0$0$3,495,219
76$5,456,219$0$0$3,735,060
77$5,834,028$0$0$3,995,689
78$6,244,744$0$0$4,279,111
79$6,691,546$0$0$4,587,532
80$7,177,931$0$0$4,923,379
81$7,707,749$0$0$5,289,321
82$8,285,235$0$0$5,688,298
83$8,915,051$0$0$6,123,544
84$9,602,326$0$0$6,598,618
85$10,352,708$0$0$7,117,440
86$11,172,414$0$0$7,684,323
87$12,068,288$0$0$8,304,017
88$13,047,864$0$0$8,981,750
89$14,119,438$0$0$9,723,280
90$15,292,144$0$0$10,534,945
91$16,576,040$0$0$11,423,728
92$17,982,204$0$0$12,397,313
93$19,522,831$0$0$13,464,168
94$21,211,355$0$0$14,633,616
95$23,062,570$0$0$15,915,924
96$25,092,770$0$0$17,322,403
97$27,319,902$0$0$18,865,509
98$29,763,733$0$0$20,558,962
99$32,446,037$0$0$22,417,877
100$35,390,797$0$0$24,458,901