Can I retire at age 40 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$69,119$68,503$67,902$67,316$66,744$65,692
2 years$34,217$33,580$32,962$32,363$31,783$30,726
3 years$22,585$21,945$21,329$20,736$20,164$19,135
4 years$16,770$16,132$15,522$14,939$14,381$13,388
5 years$13,282$12,648$12,046$11,474$10,932$9,978
6 years$10,957$10,328$9,735$9,176$8,650$7,735
7 years$9,297$8,673$8,090$7,544$7,035$6,160
8 years$8,053$7,434$6,861$6,329$5,836$5,001
9 years$7,086$6,473$5,909$5,391$4,915$4,119
10 years$6,312$5,706$5,152$4,647$4,188$3,430
11 years$5,680$5,079$4,535$4,044$3,602$2,882
12 years$5,153$4,559$4,025$3,547$3,121$2,439
13 years$4,708$4,120$3,596$3,132$2,722$2,075
14 years$4,327$3,745$3,231$2,780$2,386$1,774
15 years$3,997$3,421$2,917$2,479$2,101$1,523
16 years$3,708$3,139$2,645$2,220$1,857$1,312
17 years$3,454$2,891$2,407$1,995$1,646$1,133
18 years$3,228$2,671$2,197$1,797$1,464$980
19 years$3,026$2,476$2,011$1,624$1,305$850
20 years$2,845$2,300$1,846$1,471$1,165$739
21 years$2,681$2,143$1,698$1,335$1,043$643
22 years$2,532$2,000$1,565$1,214$935$560
23 years$2,396$1,871$1,445$1,105$839$489
24 years$2,272$1,753$1,336$1,008$754$427
25 years$2,158$1,645$1,238$921$679$373
26 years$2,053$1,546$1,148$842$611$326
27 years$1,956$1,455$1,066$771$551$285
28 years$1,865$1,371$991$706$497$250
29 years$1,782$1,293$922$647$449$219
30 years$1,704$1,221$859$594$406$192
31 years$1,631$1,155$801$546$367$168
32 years$1,563$1,093$747$502$332$147
33 years$1,499$1,035$698$461$300$129
34 years$1,439$981$652$424$272$113
35 years$1,383$930$609$391$246$99
36 years$1,329$883$570$360$223$87
37 years$1,279$838$534$331$202$77
38 years$1,232$797$500$306$183$67
39 years$1,187$758$468$282$166$59
40 years$1,144$721$439$260$151$52
41 years$1,104$686$411$240$137$45
42 years$1,066$654$386$221$124$40
43 years$1,029$623$362$204$113$35
44 years$994$594$340$189$102$31
45 years$961$566$319$174$93$27
46 years$930$540$300$161$84$24
47 years$900$515$282$149$77$21
48 years$871$492$265$137$70$18
49 years$844$470$249$127$63$16
50 years$817$449$234$117$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $837,000, adding $6,319 every year, while hoping to spend $54,873 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: 67/19/14 Blend
39$837,000$837,000$837,000$837,000
40$928,892$884,531$871,558$987,703
41$965,255$869,489$842,370$1,012,674
42$1,003,487$851,870$810,366$1,032,911
43$1,043,722$831,491$775,393$1,053,653
44$1,086,104$808,157$737,291$1,074,943
45$1,130,791$781,661$695,894$1,096,832
46$1,177,954$751,784$651,029$1,119,380
47$1,227,780$718,296$602,513$1,142,651
48$1,280,473$680,952$550,157$1,166,720
49$1,336,255$639,493$493,761$1,191,671
50$1,395,370$593,645$433,119$1,217,600
51$1,458,084$543,120$368,015$1,244,615
52$1,524,687$487,611$298,221$1,272,835
53$1,595,496$426,795$223,503$1,302,397
54$1,670,860$360,331$143,614$1,333,454
55$1,751,158$287,858$58,295$1,366,179
56$1,836,808$208,994$0$1,400,764
57$1,928,265$123,338$0$1,442,319
58$2,026,031$30,464$0$1,495,804
59$2,130,652$0$0$1,552,817
60$2,242,731$0$0$1,628,359
61$2,362,927$0$0$1,716,237
62$2,491,962$0$0$1,810,614
63$2,630,632$0$0$1,912,077
64$2,779,808$0$0$2,021,267
65$2,940,447$0$0$2,138,891
66$3,113,599$0$0$2,265,723
67$3,300,419$0$0$2,402,615
68$3,502,176$0$0$2,550,502
69$3,720,263$0$0$2,710,413
70$3,956,212$0$0$2,883,477
71$4,211,708$0$0$3,070,937
72$4,488,600$0$0$3,274,157
73$4,788,926$0$0$3,494,641
74$5,114,923$0$0$3,734,040
75$5,469,054$0$0$3,994,170
76$5,854,028$0$0$4,277,030
77$6,272,823$0$0$4,584,818
78$6,728,718$0$0$4,919,954
79$7,225,321$0$0$5,285,100
80$7,766,601$0$0$5,683,184
81$8,356,926$0$0$6,117,432
82$9,001,107$0$0$6,591,393
83$9,704,434$0$0$7,108,971
84$10,472,735$0$0$7,674,468
85$11,312,424$0$0$8,292,618
86$12,230,562$0$0$8,968,633
87$13,234,925$0$0$9,708,251
88$14,334,074$0$0$10,517,793
89$15,537,436$0$0$11,404,215
90$16,855,390$0$0$12,375,181
91$18,299,370$0$0$13,439,130
92$19,881,965$0$0$14,605,354
93$21,617,040$0$0$15,884,089
94$23,519,868$0$0$17,286,609
95$25,607,267$0$0$18,825,329
96$27,897,764$0$0$20,513,926
97$30,411,767$0$0$22,367,465
98$33,171,753$0$0$24,402,541
99$36,202,485$0$0$26,637,433
100$39,531,239$0$0$29,092,277