Can I retire at age 40 with 834,000?

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 $834,000?

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$68,871$68,257$67,659$67,075$66,504$63,967
2 years$34,095$33,460$32,844$32,247$31,669$29,142
3 years$22,504$21,866$21,252$20,661$20,092$17,656
4 years$16,710$16,074$15,466$14,885$14,330$12,002
5 years$13,234$12,602$12,002$11,433$10,893$8,681
6 years$10,918$10,291$9,700$9,143$8,619$6,523
7 years$9,264$8,642$8,061$7,517$7,010$5,030
8 years$8,024$7,408$6,836$6,306$5,815$3,949
9 years$7,060$6,450$5,888$5,371$4,897$3,142
10 years$6,290$5,685$5,133$4,630$4,173$2,526
11 years$5,660$5,061$4,519$4,030$3,589$2,046
12 years$5,135$4,543$4,011$3,535$3,110$1,667
13 years$4,691$4,105$3,583$3,120$2,712$1,366
14 years$4,311$3,732$3,220$2,770$2,377$1,123
15 years$3,982$3,409$2,907$2,470$2,093$926
16 years$3,695$3,128$2,635$2,212$1,850$766
17 years$3,441$2,880$2,398$1,987$1,640$634
18 years$3,216$2,662$2,189$1,791$1,458$526
19 years$3,015$2,467$2,004$1,618$1,300$437
20 years$2,835$2,292$1,839$1,466$1,161$364
21 years$2,671$2,135$1,692$1,330$1,039$303
22 years$2,523$1,993$1,559$1,209$931$253
23 years$2,388$1,864$1,440$1,102$836$211
24 years$2,264$1,746$1,331$1,005$751$176
25 years$2,150$1,639$1,233$918$676$147
26 years$2,045$1,540$1,144$839$609$123
27 years$1,949$1,450$1,062$768$549$102
28 years$1,859$1,366$987$704$496$86
29 years$1,775$1,289$919$645$447$72
30 years$1,698$1,217$856$592$404$60
31 years$1,625$1,151$798$544$366$50
32 years$1,557$1,089$744$500$331$42
33 years$1,494$1,031$695$460$299$35
34 years$1,434$977$649$423$271$29
35 years$1,378$927$607$389$245$24
36 years$1,325$880$568$358$222$20
37 years$1,275$835$532$330$202$17
38 years$1,227$794$498$304$183$14
39 years$1,183$755$466$281$166$12
40 years$1,140$718$437$259$150$10
41 years$1,100$684$410$239$136$8
42 years$1,062$651$385$220$124$7
43 years$1,025$620$361$204$112$6
44 years$991$591$339$188$102$5
45 years$958$564$318$174$93$4
46 years$927$538$299$160$84$3
47 years$897$513$281$148$76$3
48 years$868$490$264$137$69$2
49 years$840$468$248$126$63$2
50 years$814$447$233$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $834,000, adding $6,155 every year, while hoping to spend $20,326 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: 48/42/10 Blend
39$834,000$834,000$834,000$834,000
40$925,417$881,215$868,288$967,029
41$998,183$902,768$875,749$1,017,825
42$1,077,689$924,695$882,778$1,070,318
43$1,164,603$946,995$889,341$1,126,846
44$1,259,657$969,662$895,398$1,187,791
45$1,363,659$992,692$900,911$1,253,575
46$1,477,498$1,016,080$905,837$1,324,661
47$1,602,153$1,039,818$910,133$1,401,559
48$1,738,702$1,063,899$913,752$1,484,831
49$1,888,333$1,088,313$916,646$1,575,097
50$2,052,352$1,113,050$918,763$1,673,038
51$2,232,202$1,138,099$920,051$1,779,406
52$2,429,467$1,163,446$920,454$1,895,028
53$2,645,895$1,189,078$919,911$2,020,816
54$2,883,410$1,214,976$918,362$2,157,775
55$3,144,132$1,241,124$915,741$2,307,010
56$3,430,397$1,267,502$911,982$2,469,742
57$3,744,775$1,294,088$907,011$2,647,314
58$4,090,101$1,320,857$900,755$2,841,207
59$4,469,496$1,347,784$893,135$3,053,052
60$4,886,399$1,374,840$884,069$3,284,647
61$5,344,598$1,401,993$873,472$3,537,973
62$5,848,266$1,429,210$861,252$3,815,214
63$6,402,002$1,456,454$847,317$4,118,777
64$7,010,872$1,483,685$831,567$4,451,312
65$7,680,455$1,510,861$813,900$4,815,744
66$8,416,902$1,537,934$794,206$5,215,292
67$9,226,988$1,564,854$772,373$5,653,506
68$10,118,176$1,591,568$748,284$6,134,300
69$11,098,692$1,618,016$721,813$6,661,986
70$12,177,597$1,644,137$692,832$7,241,315
71$13,364,876$1,669,864$661,206$7,877,526
72$14,671,530$1,695,124$626,793$8,576,392
73$16,109,681$1,719,840$589,445$9,344,275
74$17,692,685$1,743,929$549,008$10,188,189
75$19,435,260$1,767,302$505,321$11,115,863
76$21,353,622$1,789,865$458,215$12,135,815
77$23,465,640$1,811,517$407,514$13,257,434
78$25,791,003$1,832,150$353,033$14,491,069
79$28,351,407$1,851,647$294,581$15,848,126
80$31,170,758$1,869,885$231,958$17,341,175
81$34,275,400$1,886,734$164,953$18,984,071
82$37,694,360$1,902,053$93,348$20,792,085
83$41,459,624$1,915,693$16,914$22,782,046
84$45,606,439$1,927,495$0$24,972,505
85$50,173,644$1,937,291$0$27,390,803
86$55,204,037$1,944,899$0$30,054,951
87$60,744,780$1,950,131$0$32,988,004
88$66,847,841$1,952,781$0$36,217,360
89$73,570,488$1,952,634$0$39,773,218
90$80,975,827$1,949,462$0$43,688,856
91$89,133,396$1,943,021$0$48,000,951
92$98,119,825$1,933,051$0$52,749,923
93$108,019,557$1,919,281$0$57,980,317
94$118,925,644$1,901,418$0$63,741,227
95$130,940,627$1,879,155$0$70,086,756
96$144,177,502$1,852,164$0$77,076,531
97$158,760,788$1,820,101$0$84,776,265
98$174,827,700$1,782,598$0$93,258,378
99$192,529,446$1,739,266$0$102,602,681
100$212,032,654$1,689,694$0$112,897,133