Can I retire at age 40 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$68,541$67,930$67,334$66,753$66,185$65,358
2 years$33,931$33,299$32,687$32,093$31,517$30,685
3 years$22,396$21,761$21,150$20,562$19,996$19,184
4 years$16,630$15,997$15,392$14,814$14,261$13,477
5 years$13,171$12,542$11,945$11,378$10,841$10,086
6 years$10,865$10,241$9,653$9,099$8,578$7,853
7 years$9,220$8,601$8,022$7,481$6,976$6,282
8 years$7,986$7,372$6,803$6,276$5,788$5,123
9 years$7,026$6,419$5,860$5,346$4,874$4,240
10 years$6,260$5,658$5,109$4,608$4,153$3,548
11 years$5,633$5,037$4,497$4,010$3,572$2,996
12 years$5,110$4,521$3,991$3,518$3,095$2,548
13 years$4,669$4,086$3,566$3,105$2,699$2,180
14 years$4,291$3,714$3,204$2,757$2,366$1,874
15 years$3,963$3,393$2,893$2,458$2,083$1,617
16 years$3,677$3,113$2,623$2,201$1,841$1,400
17 years$3,425$2,867$2,387$1,978$1,632$1,216
18 years$3,201$2,649$2,179$1,782$1,451$1,059
19 years$3,001$2,455$1,995$1,611$1,294$924
20 years$2,821$2,281$1,830$1,459$1,156$807
21 years$2,658$2,125$1,684$1,324$1,034$707
22 years$2,511$1,983$1,552$1,204$927$620
23 years$2,376$1,855$1,433$1,096$832$544
24 years$2,253$1,738$1,325$1,000$748$478
25 years$2,140$1,631$1,227$913$673$420
26 years$2,036$1,533$1,138$835$606$370
27 years$1,939$1,443$1,057$764$547$325
28 years$1,850$1,359$983$700$493$287
29 years$1,767$1,283$914$642$445$253
30 years$1,690$1,211$852$589$402$223
31 years$1,617$1,145$794$541$364$197
32 years$1,550$1,083$741$497$329$174
33 years$1,486$1,026$692$457$298$153
34 years$1,427$972$646$421$270$135
35 years$1,371$922$604$387$244$120
36 years$1,318$875$565$357$221$106
37 years$1,268$831$529$329$201$93
38 years$1,221$790$495$303$182$83
39 years$1,177$751$464$279$165$73
40 years$1,135$715$435$258$150$64
41 years$1,095$680$408$238$136$57
42 years$1,057$648$383$219$123$50
43 years$1,021$617$359$203$112$45
44 years$986$589$337$187$101$39
45 years$953$561$317$173$92$35
46 years$922$535$297$160$84$31
47 years$892$511$279$147$76$27
48 years$864$488$262$136$69$24
49 years$836$466$247$126$63$21
50 years$810$445$232$116$57$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $830,000, adding $6,363 every year, while hoping to spend $41,101 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: 66/10/24 Blend
39$830,000$830,000$830,000$830,000
40$921,223$877,233$864,368$975,917
41$971,457$876,487$849,594$1,012,747
42$1,025,437$874,326$832,946$1,047,762
43$1,083,502$870,638$814,320$1,085,101
44$1,146,024$865,304$793,605$1,124,994
45$1,213,411$858,197$770,684$1,167,697
46$1,286,113$849,182$745,435$1,213,491
47$1,364,621$838,117$717,732$1,262,688
48$1,449,478$824,850$687,441$1,315,635
49$1,541,278$809,222$654,424$1,372,712
50$1,640,677$791,062$618,536$1,434,342
51$1,748,394$770,192$579,625$1,500,991
52$1,865,219$746,420$537,531$1,573,177
53$1,992,023$719,546$492,090$1,651,469
54$2,129,762$689,357$443,128$1,736,498
55$2,279,489$655,626$390,464$1,828,962
56$2,442,362$618,117$333,909$1,929,631
57$2,619,654$576,576$273,266$2,039,355
58$2,812,767$530,737$208,329$2,159,077
59$3,023,244$480,317$138,883$2,289,834
60$3,252,782$425,020$64,703$2,432,774
61$3,503,250$364,530$0$2,589,167
62$3,776,704$298,515$0$2,764,114
63$4,075,409$226,623$0$2,973,383
64$4,401,856$148,482$0$3,202,160
65$4,758,789$63,702$0$3,452,399
66$5,149,229$0$0$3,726,255
67$5,576,504$0$0$4,029,195
68$6,044,275$0$0$4,368,573
69$6,556,576$0$0$4,740,312
70$7,117,849$0$0$5,147,642
71$7,732,986$0$0$5,594,120
72$8,407,374$0$0$6,083,663
73$9,146,947$0$0$6,620,587
74$9,958,240$0$0$7,209,643
75$10,848,451$0$0$7,856,066
76$11,825,510$0$0$8,565,622
77$12,898,150$0$0$9,344,662
78$14,075,992$0$0$10,200,183
79$15,369,634$0$0$11,139,892
80$16,790,751$0$0$12,172,278
81$18,352,205$0$0$13,306,695
82$20,068,164$0$0$14,553,448
83$21,954,238$0$0$15,923,888
84$24,027,623$0$0$17,430,521
85$26,307,267$0$0$19,087,126
86$28,814,043$0$0$20,908,884
87$31,570,948$0$0$22,912,519
88$34,603,320$0$0$25,116,460
89$37,939,076$0$0$27,541,008
90$41,608,976$0$0$30,208,535
91$45,646,908$0$0$33,143,687
92$50,090,215$0$0$36,373,623
93$54,980,041$0$0$39,928,263
94$60,361,717$0$0$43,840,580
95$66,285,197$0$0$48,146,902
96$72,805,519$0$0$52,887,258
97$79,983,330$0$0$58,105,755
98$87,885,455$0$0$63,850,995
99$96,585,526$0$0$70,176,531
100$106,164,682$0$0$77,141,372