Can I retire at age 40 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$63,090$62,528$61,980$61,445$60,922$59,913
2 years$31,233$30,651$30,087$29,541$29,011$27,997
3 years$20,615$20,031$19,469$18,927$18,406$17,419
4 years$15,307$14,725$14,168$13,636$13,127$12,175
5 years$12,123$11,544$10,995$10,474$9,979$9,064
6 years$10,001$9,427$8,886$8,376$7,896$7,019
7 years$8,486$7,917$7,384$6,886$6,422$5,583
8 years$7,351$6,786$6,262$5,777$5,327$4,528
9 years$6,468$5,908$5,394$4,920$4,486$3,725
10 years$5,762$5,208$4,702$4,242$3,823$3,098
11 years$5,185$4,636$4,140$3,691$3,288$2,600
12 years$4,704$4,161$3,674$3,238$2,849$2,197
13 years$4,298$3,761$3,282$2,859$2,484$1,867
14 years$3,950$3,418$2,949$2,537$2,178$1,594
15 years$3,648$3,123$2,663$2,263$1,917$1,367
16 years$3,385$2,865$2,414$2,026$1,695$1,175
17 years$3,153$2,639$2,197$1,821$1,503$1,013
18 years$2,946$2,438$2,005$1,641$1,336$876
19 years$2,762$2,260$1,836$1,483$1,191$759
20 years$2,597$2,100$1,685$1,343$1,064$658
21 years$2,447$1,956$1,550$1,219$952$572
22 years$2,311$1,826$1,428$1,108$853$497
23 years$2,187$1,708$1,319$1,009$766$433
24 years$2,074$1,600$1,220$920$688$378
25 years$1,970$1,501$1,130$840$619$329
26 years$1,874$1,411$1,048$769$558$288
27 years$1,785$1,328$973$703$503$251
28 years$1,703$1,251$904$644$454$220
29 years$1,626$1,181$842$591$410$192
30 years$1,555$1,115$784$542$370$168
31 years$1,489$1,054$731$498$335$147
32 years$1,427$997$682$458$303$129
33 years$1,368$944$637$421$274$113
34 years$1,313$895$595$387$248$99
35 years$1,262$849$556$357$225$86
36 years$1,213$806$520$328$204$76
37 years$1,168$765$487$303$185$66
38 years$1,124$727$456$279$167$58
39 years$1,083$692$427$257$152$51
40 years$1,045$658$400$237$138$45
41 years$1,008$626$376$219$125$39
42 years$973$597$352$202$113$34
43 years$939$568$331$186$103$30
44 years$908$542$310$172$93$26
45 years$878$517$291$159$85$23
46 years$849$493$274$147$77$20
47 years$821$470$257$136$70$18
48 years$795$449$242$125$63$16
49 years$770$429$227$116$58$14
50 years$746$410$213$107$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $764,000, adding $3,879 every year, while hoping to spend $41,934 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: 61/28/11 Blend
39$764,000$764,000$764,000$764,000
40$845,929$805,437$793,595$895,125
41$887,597$800,286$775,563$923,443
42$932,108$793,477$755,522$949,198
43$979,711$784,885$733,359$976,270
44$1,030,673$774,376$708,959$1,004,786
45$1,085,292$761,810$682,198$1,034,891
46$1,143,890$747,037$652,950$1,066,745
47$1,206,824$729,900$621,081$1,100,524
48$1,274,484$710,229$586,452$1,136,427
49$1,347,300$687,848$548,916$1,174,673
50$1,425,741$662,570$508,322$1,215,507
51$1,510,325$634,194$464,509$1,259,199
52$1,601,621$602,512$417,313$1,306,051
53$1,700,252$567,301$366,558$1,356,398
54$1,806,904$528,325$312,064$1,410,611
55$1,922,331$485,336$253,641$1,469,102
56$2,047,362$438,071$191,092$1,532,330
57$2,182,909$386,252$124,209$1,600,801
58$2,329,973$329,585$52,777$1,675,079
59$2,489,656$267,761$0$1,755,788
60$2,663,170$200,451$0$1,846,373
61$2,851,849$127,309$0$1,951,638
62$3,057,161$47,970$0$2,066,259
63$3,280,718$0$0$2,191,210
64$3,524,298$0$0$2,339,258
65$3,789,854$0$0$2,516,830
66$4,079,539$0$0$2,710,592
67$4,395,720$0$0$2,922,135
68$4,741,004$0$0$3,153,210
69$5,118,259$0$0$3,405,744
70$5,530,645$0$0$3,681,861
71$5,981,640$0$0$3,983,896
72$6,475,073$0$0$4,314,423
73$7,015,160$0$0$4,676,276
74$7,606,544$0$0$5,072,573
75$8,254,338$0$0$5,506,751
76$8,964,173$0$0$5,982,594
77$9,742,249$0$0$6,504,268
78$10,595,397$0$0$7,076,365
79$11,531,138$0$0$7,703,937
80$12,557,758$0$0$8,392,555
81$13,684,382$0$0$9,148,350
82$14,921,062$0$0$9,978,078
83$16,278,872$0$0$10,889,181
84$17,770,007$0$0$11,889,858
85$19,407,905$0$0$12,989,137
86$21,207,367$0$0$14,196,968
87$23,184,699$0$0$15,524,311
88$25,357,867$0$0$16,983,239
89$27,746,659$0$0$18,587,054
90$30,372,881$0$0$20,350,411
91$33,260,553$0$0$22,289,457
92$36,436,142$0$0$24,421,979
93$39,928,805$0$0$26,767,577
94$43,770,670$0$0$29,347,844
95$47,997,132$0$0$32,186,573
96$52,647,192$0$0$35,309,977
97$57,763,820$0$0$38,746,941
98$63,394,363$0$0$42,529,288
99$69,590,988$0$0$46,692,084
100$76,411,176$0$0$51,273,967