Can I retire at age 40 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$68,788$68,176$67,578$66,994$66,425$64,609
2 years$34,054$33,419$32,805$32,209$31,631$29,815
3 years$22,477$21,840$21,227$20,637$20,068$18,309
4 years$16,690$16,055$15,448$14,867$14,313$12,623
5 years$13,218$12,587$11,988$11,420$10,880$9,266
6 years$10,905$10,278$9,688$9,132$8,609$7,071
7 years$9,253$8,632$8,051$7,508$7,002$5,539
8 years$8,015$7,399$6,828$6,298$5,808$4,422
9 years$7,052$6,442$5,881$5,365$4,892$3,579
10 years$6,282$5,678$5,127$4,625$4,168$2,928
11 years$5,653$5,055$4,514$4,025$3,584$2,415
12 years$5,129$4,537$4,006$3,530$3,106$2,005
13 years$4,686$4,100$3,579$3,117$2,709$1,674
14 years$4,306$3,727$3,216$2,767$2,374$1,403
15 years$3,978$3,405$2,903$2,467$2,091$1,180
16 years$3,691$3,124$2,632$2,209$1,848$996
17 years$3,437$2,877$2,395$1,985$1,638$842
18 years$3,213$2,658$2,187$1,789$1,457$714
19 years$3,012$2,464$2,002$1,616$1,298$606
20 years$2,831$2,289$1,837$1,464$1,160$515
21 years$2,668$2,133$1,690$1,329$1,038$438
22 years$2,520$1,991$1,557$1,208$930$373
23 years$2,385$1,862$1,438$1,100$835$318
24 years$2,261$1,744$1,330$1,003$751$272
25 years$2,148$1,637$1,232$916$675$232
26 years$2,043$1,539$1,142$838$608$198
27 years$1,946$1,448$1,061$767$549$169
28 years$1,857$1,364$986$703$495$145
29 years$1,773$1,287$918$644$447$124
30 years$1,696$1,216$855$591$404$106
31 years$1,623$1,149$797$543$365$91
32 years$1,555$1,087$744$499$330$78
33 years$1,492$1,030$694$459$299$66
34 years$1,432$976$649$422$271$57
35 years$1,376$926$606$389$245$49
36 years$1,323$879$567$358$222$42
37 years$1,273$834$531$330$201$36
38 years$1,226$793$497$304$182$31
39 years$1,181$754$466$280$165$26
40 years$1,139$717$437$259$150$22
41 years$1,099$683$409$239$136$19
42 years$1,061$650$384$220$124$16
43 years$1,024$620$360$203$112$14
44 years$990$591$338$188$102$12
45 years$957$563$318$173$92$10
46 years$925$537$298$160$84$9
47 years$895$513$280$148$76$8
48 years$867$490$263$137$69$7
49 years$839$467$248$126$63$6
50 years$813$447$233$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $833,000, adding $2,846 every year, while hoping to spend $51,457 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: 34/46/20 Blend
39$833,000$833,000$833,000$833,000
40$920,902$876,753$863,841$946,480
41$960,084$864,964$838,030$953,824
42$1,001,538$850,872$809,630$956,796
43$1,045,441$834,312$778,499$958,934
44$1,091,988$815,105$744,490$960,194
45$1,141,389$793,064$707,449$960,532
46$1,193,878$767,990$667,215$959,908
47$1,249,706$739,674$623,619$958,280
48$1,309,151$707,893$576,486$955,607
49$1,372,517$672,412$525,630$951,853
50$1,440,135$632,983$470,861$946,983
51$1,512,371$589,341$411,977$940,964
52$1,589,624$541,209$348,769$933,768
53$1,672,330$488,293$281,017$925,373
54$1,760,970$430,282$208,494$915,762
55$1,856,070$366,847$130,960$904,923
56$1,958,209$297,642$48,166$892,854
57$2,068,019$222,299$0$879,563
58$2,186,197$140,432$0$873,644
59$2,313,507$51,632$0$878,078
60$2,450,789$0$0$882,680
61$2,598,965$0$0$910,120
62$2,759,048$0$0$968,094
63$2,932,152$0$0$1,030,884
64$3,119,500$0$0$1,098,946
65$3,322,438$0$0$1,172,782
66$3,542,445$0$0$1,252,944
67$3,781,148$0$0$1,340,040
68$4,040,337$0$0$1,434,737
69$4,321,978$0$0$1,537,771
70$4,628,236$0$0$1,649,950
71$4,961,494$0$0$1,772,164
72$5,324,371$0$0$1,905,392
73$5,719,751$0$0$2,050,713
74$6,150,806$0$0$2,209,311
75$6,621,030$0$0$2,382,494
76$7,134,267$0$0$2,571,697
77$7,694,747$0$0$2,778,505
78$8,307,129$0$0$3,004,659
79$8,976,541$0$0$3,252,076
80$9,708,628$0$0$3,522,870
81$10,509,608$0$0$3,819,366
82$11,386,324$0$0$4,144,126
83$12,346,314$0$0$4,499,969
84$13,397,879$0$0$4,890,002
85$14,550,160$0$0$5,317,646
86$15,813,222$0$0$5,786,669
87$17,198,153$0$0$6,301,220
88$18,717,165$0$0$6,865,872
89$20,383,708$0$0$7,485,660
90$22,212,595$0$0$8,166,128
91$24,220,146$0$0$8,913,388
92$26,424,336$0$0$9,734,170
93$28,844,966$0$0$10,635,887
94$31,503,849$0$0$11,626,707
95$34,425,014$0$0$12,715,628
96$37,634,933$0$0$13,912,565
97$41,162,768$0$0$15,228,436
98$45,040,648$0$0$16,675,276
99$49,303,969$0$0$18,266,339
100$53,991,727$0$0$20,016,232