Can I retire at age 40 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$70,935$70,304$69,687$69,085$68,498$68,066
2 years$35,117$34,463$33,829$33,214$32,618$32,183
3 years$23,178$22,522$21,889$21,281$20,694$20,268
4 years$17,211$16,556$15,930$15,331$14,759$14,347
5 years$13,631$12,980$12,362$11,776$11,220$10,821
6 years$11,245$10,599$9,991$9,417$8,878$8,494
7 years$9,542$8,901$8,302$7,743$7,220$6,851
8 years$8,265$7,630$7,041$6,495$5,990$5,636
9 years$7,272$6,643$6,064$5,532$5,044$4,705
10 years$6,478$5,856$5,287$4,769$4,298$3,974
11 years$5,829$5,213$4,655$4,150$3,696$3,386
12 years$5,289$4,679$4,131$3,640$3,203$2,907
13 years$4,832$4,228$3,691$3,214$2,793$2,511
14 years$4,441$3,843$3,316$2,853$2,449$2,180
15 years$4,102$3,511$2,994$2,544$2,156$1,901
16 years$3,806$3,221$2,714$2,278$1,905$1,663
17 years$3,545$2,967$2,470$2,047$1,689$1,460
18 years$3,313$2,741$2,255$1,845$1,502$1,284
19 years$3,106$2,541$2,064$1,667$1,339$1,133
20 years$2,919$2,361$1,894$1,510$1,196$1,001
21 years$2,751$2,199$1,742$1,370$1,070$886
22 years$2,598$2,053$1,606$1,246$959$785
23 years$2,459$1,920$1,483$1,135$861$697
24 years$2,332$1,799$1,371$1,035$774$620
25 years$2,215$1,688$1,270$945$696$551
26 years$2,107$1,587$1,178$864$627$491
27 years$2,007$1,493$1,094$791$566$437
28 years$1,915$1,407$1,017$725$510$390
29 years$1,829$1,327$946$665$461$348
30 years$1,749$1,254$881$610$416$311
31 years$1,674$1,185$822$560$376$277
32 years$1,604$1,121$767$515$341$248
33 years$1,538$1,062$716$473$308$222
34 years$1,477$1,006$669$436$279$198
35 years$1,419$955$625$401$253$177
36 years$1,364$906$585$369$229$159
37 years$1,313$860$548$340$208$142
38 years$1,264$818$513$314$188$127
39 years$1,218$778$480$289$171$114
40 years$1,174$740$450$267$155$102
41 years$1,133$704$422$246$140$91
42 years$1,094$671$396$227$127$82
43 years$1,056$639$372$210$116$73
44 years$1,021$609$349$194$105$66
45 years$987$581$328$179$95$59
46 years$954$554$308$165$87$53
47 years$923$529$289$153$79$47
48 years$894$505$272$141$71$42
49 years$866$482$255$130$65$38
50 years$839$461$240$120$59$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $859,000, adding $6,790 every year, while hoping to spend $54,302 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: 56/38/6 Blend
39$859,000$859,000$859,000$859,000
40$953,622$908,095$894,780$1,005,425
41$993,114$894,815$866,979$1,027,815
42$1,034,815$879,064$836,426$1,045,518
43$1,078,892$860,664$802,972$1,063,456
44$1,125,529$839,426$766,461$1,081,656
45$1,174,924$815,149$726,729$1,100,154
46$1,227,298$787,623$683,606$1,118,989
47$1,282,889$756,623$636,913$1,138,207
48$1,341,958$721,912$586,464$1,157,865
49$1,404,790$683,238$532,063$1,178,027
50$1,471,699$640,337$473,508$1,198,767
51$1,543,027$592,928$410,585$1,220,172
52$1,619,149$540,715$343,072$1,242,341
53$1,700,475$483,382$270,738$1,265,389
54$1,787,455$420,600$193,340$1,289,446
55$1,880,584$352,018$110,625$1,314,662
56$1,980,403$277,266$22,330$1,341,208
57$2,087,505$195,953$0$1,369,277
58$2,202,542$107,666$0$1,403,691
59$2,326,229$11,970$0$1,441,923
60$2,459,352$0$0$1,482,843
61$2,602,773$0$0$1,565,089
62$2,757,438$0$0$1,659,240
63$2,924,389$0$0$1,760,932
64$3,104,767$0$0$1,870,869
65$3,299,831$0$0$1,989,824
66$3,510,959$0$0$2,118,649
67$3,739,671$0$0$2,258,279
68$3,987,635$0$0$2,409,742
69$4,256,687$0$0$2,574,169
70$4,548,845$0$0$2,752,805
71$4,866,330$0$0$2,947,018
72$5,211,583$0$0$3,158,314
73$5,587,291$0$0$3,388,349
74$5,996,413$0$0$3,638,946
75$6,442,199$0$0$3,912,111
76$6,928,232$0$0$4,210,051
77$7,458,452$0$0$4,535,197
78$8,037,195$0$0$4,890,223
79$8,669,237$0$0$5,278,073
80$9,359,833$0$0$5,701,989
81$10,114,769$0$0$6,165,539
82$10,940,416$0$0$6,672,653
83$11,843,788$0$0$7,227,657
84$12,832,608$0$0$7,835,314
85$13,915,382$0$0$8,500,872
86$15,101,475$0$0$9,230,106
87$16,401,202$0$0$10,029,380
88$17,825,921$0$0$10,905,700
89$19,388,143$0$0$11,866,785
90$21,101,646$0$0$12,921,135
91$22,981,609$0$0$14,078,112
92$25,044,747$0$0$15,348,030
93$27,309,474$0$0$16,742,249
94$29,796,073$0$0$18,273,284
95$32,526,887$0$0$19,954,918
96$35,526,531$0$0$21,802,339
97$38,822,118$0$0$23,832,275
98$42,443,520$0$0$26,063,157
99$46,423,642$0$0$28,515,289
100$50,798,741$0$0$31,211,039