Can I retire at age 40 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$68,623$68,012$67,416$66,833$66,265$64,118
2 years$33,972$33,339$32,726$32,131$31,555$29,412
3 years$22,423$21,788$21,176$20,587$20,020$17,948
4 years$16,650$16,016$15,411$14,832$14,278$12,294
5 years$13,187$12,557$11,959$11,392$10,854$8,962
6 years$10,879$10,254$9,665$9,110$8,588$6,791
7 years$9,231$8,611$8,032$7,490$6,985$5,281
8 years$7,995$7,381$6,811$6,283$5,794$4,183
9 years$7,035$6,427$5,867$5,352$4,880$3,359
10 years$6,267$5,665$5,115$4,613$4,158$2,726
11 years$5,639$5,043$4,503$4,015$3,576$2,230
12 years$5,117$4,526$3,996$3,522$3,099$1,836
13 years$4,674$4,090$3,570$3,109$2,702$1,519
14 years$4,296$3,718$3,208$2,760$2,369$1,262
15 years$3,968$3,397$2,896$2,461$2,086$1,052
16 years$3,682$3,116$2,626$2,204$1,843$879
17 years$3,429$2,870$2,390$1,980$1,634$736
18 years$3,205$2,652$2,181$1,785$1,453$618
19 years$3,004$2,458$1,997$1,613$1,295$520
20 years$2,824$2,284$1,833$1,460$1,157$437
21 years$2,662$2,127$1,686$1,325$1,035$368
22 years$2,514$1,986$1,554$1,205$928$311
23 years$2,379$1,857$1,435$1,098$833$262
24 years$2,256$1,740$1,327$1,001$749$221
25 years$2,142$1,633$1,229$914$674$187
26 years$2,038$1,535$1,140$836$607$158
27 years$1,942$1,444$1,058$765$547$134
28 years$1,852$1,361$984$701$494$113
29 years$1,769$1,284$915$643$446$96
30 years$1,692$1,213$853$590$403$81
31 years$1,619$1,146$795$542$364$69
32 years$1,552$1,085$742$498$329$58
33 years$1,488$1,027$693$458$298$49
34 years$1,429$974$647$421$270$42
35 years$1,373$923$605$388$244$35
36 years$1,320$876$566$357$222$30
37 years$1,270$832$530$329$201$25
38 years$1,223$791$496$303$182$21
39 years$1,178$752$465$280$165$18
40 years$1,136$716$436$258$150$15
41 years$1,096$681$408$238$136$13
42 years$1,058$649$383$220$123$11
43 years$1,022$618$360$203$112$9
44 years$987$589$337$187$102$8
45 years$955$562$317$173$92$7
46 years$923$536$298$160$84$6
47 years$893$512$280$148$76$5
48 years$865$488$263$136$69$4
49 years$837$466$247$126$63$3
50 years$811$445$232$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $831,000, adding $2,242 every year, while hoping to spend $38,187 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: 62/18/20 Blend
39$831,000$831,000$831,000$831,000
40$918,075$874,032$861,151$970,118
41$971,088$876,229$849,369$1,007,700
42$1,028,228$877,253$835,912$1,044,253
43$1,089,876$877,008$820,685$1,083,284
44$1,156,451$875,389$803,585$1,125,038
45$1,228,412$872,286$784,508$1,169,786
46$1,306,264$867,582$763,343$1,217,829
47$1,390,563$861,152$739,974$1,269,498
48$1,481,918$852,867$714,281$1,325,162
49$1,581,001$842,585$686,137$1,385,226
50$1,688,550$830,159$655,410$1,450,139
51$1,805,378$815,432$621,962$1,520,399
52$1,932,376$798,238$585,648$1,596,555
53$2,070,529$778,402$546,317$1,679,212
54$2,220,916$755,736$503,811$1,769,043
55$2,384,726$730,045$457,966$1,866,789
56$2,563,270$701,119$408,610$1,973,269
57$2,757,988$668,737$355,562$2,089,389
58$2,970,464$632,667$298,635$2,216,150
59$3,202,444$592,661$237,633$2,354,656
60$3,455,850$548,458$172,350$2,506,128
61$3,732,796$499,781$102,573$2,671,917
62$4,035,611$446,340$28,078$2,853,510
63$4,366,858$387,825$0$3,052,555
64$4,729,360$323,911$0$3,281,840
65$5,126,225$254,253$0$3,539,507
66$5,560,876$178,488$0$3,821,828
67$6,037,083$96,232$0$4,131,304
68$6,558,996$7,078$0$4,470,695
69$7,131,188$0$0$4,843,044
70$7,758,693$0$0$5,269,413
71$8,447,057$0$0$5,738,734
72$9,202,390$0$0$6,253,779
73$10,031,419$0$0$6,819,145
74$10,941,556$0$0$7,439,893
75$11,940,965$0$0$8,121,601
76$13,038,640$0$0$8,870,413
77$14,244,489$0$0$9,693,097
78$15,569,425$0$0$10,597,108
79$17,025,472$0$0$11,590,661
80$18,625,878$0$0$12,682,804
81$20,385,235$0$0$13,883,508
82$22,319,620$0$0$15,203,756
83$24,446,749$0$0$16,655,650
84$26,786,136$0$0$18,252,521
85$29,359,285$0$0$20,009,061
86$32,189,884$0$0$21,941,453
87$35,304,037$0$0$24,067,530
88$38,730,504$0$0$26,406,941
89$42,500,972$0$0$28,981,334
90$46,650,356$0$0$31,814,563
91$51,217,128$0$0$34,932,911
92$56,243,676$0$0$38,365,338
93$61,776,708$0$0$42,143,755
94$67,867,688$0$0$46,303,322
95$74,573,326$0$0$50,882,784
96$81,956,107$0$0$55,924,832
97$90,084,886$0$0$61,476,507
98$99,035,531$0$0$67,589,643
99$108,891,645$0$0$74,321,360
100$119,745,349$0$0$81,734,595