Can I retire at age 40 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$69,614$68,994$68,389$67,799$67,222$66,575
2 years$34,462$33,821$33,199$32,595$32,010$31,359
3 years$22,747$22,102$21,482$20,884$20,309$19,673
4 years$16,890$16,247$15,633$15,046$14,484$13,869
5 years$13,377$12,738$12,132$11,557$11,011$10,417
6 years$11,036$10,402$9,804$9,242$8,712$8,142
7 years$9,364$8,735$8,148$7,598$7,086$6,538
8 years$8,111$7,488$6,910$6,374$5,878$5,354
9 years$7,137$6,519$5,951$5,429$4,950$4,449
10 years$6,358$5,747$5,189$4,680$4,218$3,739
11 years$5,721$5,116$4,568$4,073$3,628$3,171
12 years$5,190$4,592$4,054$3,573$3,144$2,709
13 years$4,742$4,150$3,622$3,154$2,741$2,328
14 years$4,358$3,772$3,254$2,800$2,403$2,010
15 years$4,025$3,446$2,938$2,497$2,116$1,743
16 years$3,735$3,161$2,664$2,236$1,870$1,517
17 years$3,479$2,911$2,424$2,009$1,658$1,324
18 years$3,251$2,690$2,213$1,810$1,474$1,158
19 years$3,048$2,493$2,026$1,636$1,314$1,016
20 years$2,865$2,317$1,859$1,482$1,174$892
21 years$2,700$2,158$1,710$1,345$1,050$785
22 years$2,550$2,015$1,576$1,223$941$692
23 years$2,413$1,884$1,455$1,113$845$611
24 years$2,288$1,765$1,346$1,015$760$539
25 years$2,173$1,657$1,247$927$684$477
26 years$2,067$1,557$1,156$848$616$422
27 years$1,970$1,465$1,074$776$555$374
28 years$1,879$1,381$998$711$501$331
29 years$1,795$1,303$929$652$452$293
30 years$1,716$1,230$865$598$409$260
31 years$1,643$1,163$806$550$369$231
32 years$1,574$1,100$752$505$334$205
33 years$1,510$1,042$703$465$302$182
34 years$1,449$988$656$427$274$162
35 years$1,392$937$614$393$248$144
36 years$1,339$889$574$362$225$128
37 years$1,288$844$537$334$204$114
38 years$1,241$803$503$308$185$101
39 years$1,195$763$471$284$167$90
40 years$1,153$726$442$262$152$80
41 years$1,112$691$414$241$138$71
42 years$1,073$658$389$223$125$63
43 years$1,037$627$365$206$113$56
44 years$1,002$598$342$190$103$50
45 years$968$570$321$175$94$45
46 years$937$544$302$162$85$40
47 years$906$519$284$150$77$35
48 years$877$495$267$138$70$31
49 years$850$473$251$128$64$28
50 years$823$452$236$118$58$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $843,000, adding $2,922 every year, while hoping to spend $30,896 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: 35/49/16 Blend
39$843,000$843,000$843,000$843,000
40$932,000$887,321$874,255$959,935
41$994,191$897,927$870,669$991,116
42$1,061,690$908,016$865,928$1,021,620
43$1,135,005$917,533$859,960$1,053,871
44$1,214,698$926,413$852,690$1,088,043
45$1,301,382$934,592$844,040$1,124,325
46$1,395,735$942,000$833,928$1,162,929
47$1,498,504$948,562$822,268$1,204,090
48$1,610,508$954,198$808,970$1,248,069
49$1,732,649$958,823$793,941$1,295,155
50$1,865,922$962,348$777,080$1,345,668
51$2,011,420$964,677$758,286$1,399,965
52$2,170,346$965,707$737,450$1,458,439
53$2,344,027$965,332$714,460$1,521,528
54$2,533,920$963,436$689,197$1,589,716
55$2,741,633$959,898$661,538$1,663,539
56$2,968,934$954,587$631,354$1,743,592
57$3,217,771$947,368$598,510$1,830,534
58$3,490,288$938,093$562,865$1,925,093
59$3,788,848$926,610$524,272$2,028,078
60$4,116,051$912,755$482,576$2,140,381
61$4,474,763$896,354$437,616$2,262,993
62$4,868,137$877,224$389,225$2,397,007
63$5,299,650$855,171$337,226$2,543,637
64$5,773,128$829,988$281,437$2,704,221
65$6,292,787$801,458$221,666$2,880,243
66$6,863,272$769,350$157,713$3,073,342
67$7,489,699$733,421$89,368$3,285,331
68$8,177,701$693,411$16,415$3,518,216
69$8,933,487$649,049$0$3,774,213
70$9,763,896$600,046$0$4,066,260
71$10,676,461$546,096$0$4,390,250
72$11,679,482$486,876$0$4,746,413
73$12,782,103$422,047$0$5,138,099
74$13,994,398$351,248$0$5,569,010
75$15,327,465$274,097$0$6,043,228
76$16,793,532$190,194$0$6,565,266
77$18,406,073$99,114$0$7,140,099
78$20,179,930$408$0$7,773,222
79$22,131,458$0$0$8,470,701
80$24,278,677$0$0$9,296,596
81$26,641,442$0$0$10,205,782
82$29,241,628$0$0$11,206,475
83$32,103,340$0$0$12,307,968
84$35,253,137$0$0$13,520,505
85$38,720,284$0$0$14,855,370
86$42,537,027$0$0$16,324,998
87$46,738,897$0$0$17,943,091
88$51,365,045$0$0$19,724,747
89$56,458,612$0$0$21,686,603
90$62,067,134$0$0$23,846,991
91$68,242,992$0$0$26,226,112
92$75,043,905$0$0$28,846,225
93$82,533,476$0$0$31,731,859
94$90,781,788$0$0$34,910,042
95$99,866,070$0$0$38,410,558
96$109,871,422$0$0$42,266,227
97$120,891,618$0$0$46,513,214
98$133,029,994$0$0$51,191,373
99$146,400,418$0$0$56,344,620
100$161,128,369$0$0$62,021,346