Can I retire at age 40 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$72,835$72,186$71,553$70,935$70,332$68,884
2 years$36,057$35,385$34,734$34,103$33,491$32,039
3 years$23,799$23,125$22,475$21,850$21,248$19,837
4 years$17,671$16,999$16,356$15,742$15,154$13,795
5 years$13,996$13,327$12,693$12,091$11,520$10,217
6 years$11,546$10,883$10,258$9,670$9,116$7,869
7 years$9,797$9,139$8,524$7,950$7,413$6,224
8 years$8,486$7,834$7,229$6,669$6,150$5,018
9 years$7,467$6,821$6,227$5,680$5,179$4,104
10 years$6,652$6,012$5,429$4,897$4,413$3,393
11 years$5,985$5,353$4,779$4,262$3,795$2,829
12 years$5,431$4,804$4,241$3,738$3,289$2,375
13 years$4,961$4,342$3,789$3,300$2,868$2,005
14 years$4,560$3,946$3,405$2,929$2,514$1,701
15 years$4,212$3,605$3,074$2,613$2,214$1,448
16 years$3,908$3,308$2,787$2,339$1,956$1,236
17 years$3,640$3,046$2,536$2,102$1,735$1,059
18 years$3,402$2,815$2,315$1,894$1,542$908
19 years$3,189$2,609$2,119$1,711$1,375$781
20 years$2,998$2,424$1,945$1,550$1,228$672
21 years$2,825$2,258$1,789$1,407$1,099$580
22 years$2,668$2,108$1,649$1,279$985$500
23 years$2,525$1,971$1,523$1,165$884$432
24 years$2,394$1,847$1,408$1,062$795$374
25 years$2,274$1,733$1,304$970$715$324
26 years$2,163$1,629$1,210$887$644$280
27 years$2,061$1,533$1,123$812$581$243
28 years$1,966$1,445$1,044$744$524$211
29 years$1,878$1,363$972$682$473$183
30 years$1,795$1,287$905$626$428$158
31 years$1,719$1,217$844$575$387$138
32 years$1,647$1,151$787$529$350$119
33 years$1,580$1,090$735$486$316$104
34 years$1,516$1,033$687$447$287$90
35 years$1,457$980$642$412$260$78
36 years$1,401$930$601$379$235$68
37 years$1,348$884$562$349$213$59
38 years$1,298$840$526$322$193$51
39 years$1,251$798$493$297$175$45
40 years$1,206$760$462$274$159$39
41 years$1,163$723$434$253$144$34
42 years$1,123$689$407$233$131$29
43 years$1,085$656$382$215$119$25
44 years$1,048$625$358$199$108$22
45 years$1,013$596$336$184$98$19
46 years$980$569$316$170$89$17
47 years$948$543$297$157$81$15
48 years$918$518$279$145$73$13
49 years$889$495$262$134$67$11
50 years$861$473$246$124$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $882,000, adding $4,064 every year, while hoping to spend $51,084 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: 45/41/14 Blend
39$882,000$882,000$882,000$882,000
40$976,156$929,410$915,739$1,016,008
41$1,021,371$920,598$892,063$1,035,352
42$1,069,486$909,642$865,882$1,050,833
43$1,120,742$896,384$837,058$1,066,503
44$1,175,405$880,654$805,447$1,082,400
45$1,233,764$862,274$770,897$1,098,569
46$1,296,138$841,055$733,252$1,115,065
47$1,362,875$816,797$692,347$1,131,949
48$1,434,356$789,289$648,009$1,149,296
49$1,511,002$758,305$600,058$1,167,191
50$1,593,271$723,608$548,307$1,185,733
51$1,681,667$684,949$492,558$1,205,035
52$1,776,746$642,060$432,608$1,225,230
53$1,879,115$594,661$368,241$1,246,465
54$1,989,441$542,456$299,233$1,268,914
55$2,108,458$485,130$225,351$1,292,771
56$2,236,972$422,353$146,352$1,318,257
57$2,375,868$353,773$61,979$1,345,625
58$2,526,119$279,020$0$1,375,159
59$2,688,795$197,704$0$1,411,374
60$2,865,071$109,411$0$1,460,594
61$3,056,242$13,706$0$1,514,005
62$3,263,728$0$0$1,572,114
63$3,489,095$0$0$1,676,034
64$3,734,061$0$0$1,795,805
65$4,000,519$0$0$1,926,181
66$4,290,553$0$0$2,068,191
67$4,606,452$0$0$2,222,972
68$4,950,738$0$0$2,391,770
69$5,326,186$0$0$2,575,961
70$5,735,849$0$0$2,777,056
71$6,183,090$0$0$2,996,721
72$6,671,607$0$0$3,236,789
73$7,205,476$0$0$3,499,277
74$7,789,180$0$0$3,786,407
75$8,427,658$0$0$4,100,626
76$9,126,345$0$0$4,444,628
77$9,891,230$0$0$4,821,379
78$10,728,903$0$0$5,234,145
79$11,646,625$0$0$5,686,524
80$12,652,391$0$0$6,182,479
81$13,755,007$0$0$6,726,373
82$14,964,169$0$0$7,323,013
83$16,290,560$0$0$7,977,692
84$17,745,944$0$0$8,696,242
85$19,343,280$0$0$9,485,086
86$21,096,843$0$0$10,351,299
87$23,022,357$0$0$11,302,677
88$25,137,143$0$0$12,347,804
89$27,460,281$0$0$13,496,141
90$30,012,793$0$0$14,758,107
91$32,817,836$0$0$16,145,183
92$35,900,920$0$0$17,670,015
93$39,290,153$0$0$19,346,538
94$43,016,499$0$0$21,190,103
95$47,114,072$0$0$23,217,624
96$51,620,459$0$0$25,447,735
97$56,577,072$0$0$27,900,967
98$62,029,536$0$0$30,599,943
99$68,028,121$0$0$33,569,585
100$74,628,217$0$0$36,837,358