Can I retire at age 40 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$69,201$68,585$67,983$67,396$66,823$65,076
2 years$34,258$33,620$33,002$32,402$31,821$30,072
3 years$22,612$21,971$21,354$20,760$20,188$18,493
4 years$16,790$16,151$15,540$14,957$14,398$12,770
5 years$13,298$12,663$12,060$11,488$10,945$9,388
6 years$10,970$10,340$9,746$9,187$8,661$7,176
7 years$9,308$8,684$8,099$7,553$7,044$5,631
8 years$8,063$7,443$6,869$6,336$5,843$4,503
9 years$7,094$6,481$5,916$5,397$4,921$3,652
10 years$6,320$5,712$5,158$4,652$4,193$2,993
11 years$5,687$5,086$4,541$4,049$3,606$2,473
12 years$5,160$4,564$4,030$3,551$3,125$2,058
13 years$4,714$4,125$3,600$3,135$2,725$1,721
14 years$4,332$3,749$3,235$2,783$2,389$1,446
15 years$4,002$3,425$2,921$2,482$2,103$1,219
16 years$3,713$3,143$2,648$2,223$1,859$1,030
17 years$3,458$2,894$2,410$1,997$1,648$873
18 years$3,232$2,674$2,200$1,800$1,465$742
19 years$3,030$2,479$2,014$1,626$1,306$631
20 years$2,848$2,303$1,848$1,473$1,167$538
21 years$2,684$2,145$1,700$1,337$1,044$459
22 years$2,535$2,003$1,567$1,215$936$392
23 years$2,399$1,873$1,447$1,107$840$335
24 years$2,275$1,755$1,338$1,009$755$286
25 years$2,160$1,647$1,239$922$679$245
26 years$2,055$1,548$1,149$843$612$210
27 years$1,958$1,457$1,067$772$552$180
28 years$1,868$1,373$992$707$498$154
29 years$1,784$1,295$923$648$450$132
30 years$1,706$1,223$860$595$406$113
31 years$1,633$1,156$802$546$367$97
32 years$1,565$1,094$748$502$332$83
33 years$1,501$1,036$698$462$301$72
34 years$1,441$982$653$425$272$61
35 years$1,384$931$610$391$247$53
36 years$1,331$884$571$360$223$45
37 years$1,281$839$534$332$202$39
38 years$1,233$798$500$306$184$33
39 years$1,188$759$469$282$166$29
40 years$1,146$722$439$260$151$25
41 years$1,105$687$412$240$137$21
42 years$1,067$654$386$222$124$18
43 years$1,030$623$363$204$113$16
44 years$996$594$340$189$102$13
45 years$963$567$320$174$93$12
46 years$931$541$300$161$84$10
47 years$901$516$282$149$77$8
48 years$872$492$265$138$70$7
49 years$845$470$249$127$63$6
50 years$818$449$234$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $838,000, adding $2,391 every year, while hoping to spend $44,469 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: 29/47/24 Blend
39$838,000$838,000$838,000$838,000
40$925,942$881,528$868,539$945,815
41$973,074$877,409$850,321$957,347
42$1,023,522$871,596$830,001$965,654
43$1,077,579$863,962$807,464$973,669
44$1,135,564$854,368$782,586$981,395
45$1,197,827$842,668$755,238$988,840
46$1,264,755$828,708$725,288$996,019
47$1,336,768$812,323$692,593$1,002,951
48$1,414,331$793,340$657,008$1,009,662
49$1,497,954$771,575$618,379$1,016,186
50$1,588,197$746,833$576,546$1,022,567
51$1,685,674$718,909$531,341$1,028,858
52$1,791,061$687,584$482,590$1,035,125
53$1,905,102$652,628$430,109$1,041,445
54$2,028,612$613,796$373,707$1,047,913
55$2,162,490$570,832$313,186$1,054,638
56$2,307,722$523,461$248,336$1,061,750
57$2,465,395$471,396$178,940$1,069,401
58$2,636,702$414,331$104,772$1,077,765
59$2,822,958$351,946$25,594$1,087,044
60$3,025,607$283,898$0$1,097,472
61$3,246,240$209,830$0$1,124,399
62$3,486,606$129,361$0$1,161,023
63$3,748,630$42,090$0$1,201,198
64$4,034,433$0$0$1,245,393
65$4,346,345$0$0$1,321,236
66$4,686,936$0$0$1,427,947
67$5,059,030$0$0$1,544,659
68$5,465,740$0$0$1,672,363
69$5,910,490$0$0$1,812,154
70$6,397,054$0$0$1,965,233
71$6,929,584$0$0$2,132,926
72$7,512,652$0$0$2,316,692
73$8,151,295$0$0$2,518,137
74$8,851,059$0$0$2,739,032
75$9,618,052$0$0$2,981,325
76$10,458,999$0$0$3,247,164
77$11,381,310$0$0$3,538,914
78$12,393,145$0$0$3,859,179
79$13,503,492$0$0$4,210,829
80$14,722,251$0$0$4,597,024
81$16,060,327$0$0$5,021,247
82$17,529,734$0$0$5,487,334
83$19,143,705$0$0$5,999,510
84$20,916,818$0$0$6,562,431
85$22,865,134$0$0$7,181,225
86$25,006,343$0$0$7,861,544
87$27,359,938$0$0$8,609,611
88$29,947,393$0$0$9,432,286
89$32,792,365$0$0$10,337,126
90$35,920,920$0$0$11,332,456
91$39,361,776$0$0$12,427,449
92$43,146,572$0$0$13,632,213
93$47,310,168$0$0$14,957,883
94$51,890,975$0$0$16,416,730
95$56,931,312$0$0$18,022,274
96$62,477,809$0$0$19,789,410
97$68,581,842$0$0$21,734,554
98$75,300,022$0$0$23,875,791
99$82,694,727$0$0$26,233,050
100$90,834,685$0$0$28,828,290