Can I retire at age 40 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$63,256$62,692$62,142$61,606$61,082$59,678
2 years$31,315$30,731$30,166$29,618$29,087$27,680
3 years$20,669$20,083$19,520$18,977$18,454$17,088
4 years$15,347$14,763$14,205$13,672$13,161$11,848
5 years$12,155$11,575$11,024$10,501$10,005$8,747
6 years$10,028$9,452$8,909$8,398$7,917$6,715
7 years$8,509$7,937$7,403$6,904$6,438$5,294
8 years$7,370$6,804$6,279$5,792$5,341$4,253
9 years$6,485$5,924$5,408$4,933$4,498$3,465
10 years$5,777$5,222$4,715$4,253$3,833$2,854
11 years$5,198$4,649$4,151$3,701$3,296$2,371
12 years$4,716$4,172$3,684$3,246$2,856$1,983
13 years$4,309$3,771$3,291$2,866$2,491$1,667
14 years$3,960$3,427$2,957$2,544$2,183$1,408
15 years$3,658$3,131$2,670$2,269$1,922$1,194
16 years$3,394$2,873$2,421$2,032$1,699$1,015
17 years$3,161$2,646$2,203$1,825$1,507$865
18 years$2,954$2,445$2,011$1,645$1,340$739
19 years$2,769$2,266$1,841$1,486$1,194$633
20 years$2,603$2,105$1,689$1,346$1,066$542
21 years$2,453$1,961$1,554$1,222$954$466
22 years$2,317$1,831$1,432$1,111$855$400
23 years$2,193$1,712$1,322$1,012$768$344
24 years$2,079$1,604$1,223$923$690$296
25 years$1,975$1,505$1,133$843$621$255
26 years$1,879$1,415$1,050$771$559$220
27 years$1,790$1,331$975$705$504$190
28 years$1,707$1,255$907$646$455$164
29 years$1,631$1,184$844$593$411$141
30 years$1,559$1,118$786$544$371$122
31 years$1,493$1,057$733$499$336$105
32 years$1,430$1,000$684$459$304$91
33 years$1,372$947$638$422$275$79
34 years$1,317$897$596$388$249$68
35 years$1,265$851$558$358$225$59
36 years$1,217$808$522$329$204$51
37 years$1,171$767$488$303$185$44
38 years$1,127$729$457$280$168$38
39 years$1,086$693$428$258$152$33
40 years$1,047$660$402$238$138$28
41 years$1,010$628$377$219$125$24
42 years$975$598$353$202$114$21
43 years$942$570$331$187$103$18
44 years$910$543$311$173$94$16
45 years$880$518$292$159$85$14
46 years$851$494$274$147$77$12
47 years$823$472$258$136$70$10
48 years$797$450$242$126$64$9
49 years$772$430$228$116$58$8
50 years$748$411$214$107$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $766,000, adding $2,145 every year, while hoping to spend $40,487 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: 21/50/29 Blend
39$766,000$766,000$766,000$766,000
40$846,345$805,747$793,874$856,288
41$889,594$802,150$777,390$861,990
42$935,898$797,021$758,998$864,578
43$985,525$790,240$738,590$866,468
44$1,038,770$781,684$716,055$867,628
45$1,095,957$771,219$691,275$868,029
46$1,157,441$758,705$664,129$867,644
47$1,223,611$743,993$634,489$866,445
48$1,294,897$726,926$602,222$864,410
49$1,371,768$707,337$567,187$861,519
50$1,454,740$685,048$529,240$857,753
51$1,544,382$659,874$488,228$853,102
52$1,641,317$631,616$443,992$847,558
53$1,746,231$600,064$396,365$841,120
54$1,859,877$564,998$345,173$833,794
55$1,983,084$526,182$290,236$825,596
56$2,116,763$483,370$231,364$816,549
57$2,261,917$436,300$168,359$806,688
58$2,419,648$384,694$101,015$796,063
59$2,591,169$328,260$29,115$784,736
60$2,777,813$266,690$0$772,785
61$2,981,049$199,657$0$775,043
62$3,202,492$126,816$0$787,468
63$3,443,919$47,803$0$801,262
64$3,707,287$0$0$816,674
65$3,994,749$0$0$854,769
66$4,308,677$0$0$925,223
67$4,651,678$0$0$1,002,336
68$5,026,626$0$0$1,086,770
69$5,436,684$0$0$1,179,257
70$5,885,334$0$0$1,280,598
71$6,376,411$0$0$1,391,679
72$6,914,137$0$0$1,513,475
73$7,503,162$0$0$1,647,060
74$8,148,606$0$0$1,793,615
75$8,856,110$0$0$1,954,443
76$9,631,885$0$0$2,130,979
77$10,482,770$0$0$2,324,803
78$11,416,301$0$0$2,537,656
79$12,440,778$0$0$2,771,454
80$13,565,342$0$0$3,028,312
81$14,800,062$0$0$3,310,555
82$16,156,033$0$0$3,620,748
83$17,645,473$0$0$3,961,714
84$19,281,844$0$0$4,336,566
85$21,079,975$0$0$4,748,732
86$23,056,205$0$0$5,201,989
87$25,228,531$0$0$5,700,498
88$27,616,783$0$0$6,248,844
89$30,242,807$0$0$6,852,078
90$33,130,673$0$0$7,515,767
91$36,306,899$0$0$8,246,042
92$39,800,702$0$0$9,049,661
93$43,644,274$0$0$9,934,068
94$47,873,084$0$0$10,907,467
95$52,526,210$0$0$11,978,897
96$57,646,712$0$0$13,158,317
97$63,282,034$0$0$14,456,701
98$69,484,454$0$0$15,886,142
99$76,311,571$0$0$17,459,964
100$83,826,854$0$0$19,192,850