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%16.7%
1 years$63,256$62,692$62,142$61,606$61,082$59,413
2 years$31,315$30,731$30,166$29,618$29,087$27,417
3 years$20,669$20,083$19,520$18,977$18,454$16,836
4 years$15,347$14,763$14,205$13,672$13,161$11,608
5 years$12,155$11,575$11,024$10,501$10,005$8,520
6 years$10,028$9,452$8,909$8,398$7,917$6,502
7 years$8,509$7,937$7,403$6,904$6,438$5,094
8 years$7,370$6,804$6,279$5,792$5,341$4,066
9 years$6,485$5,924$5,408$4,933$4,498$3,291
10 years$5,777$5,222$4,715$4,253$3,833$2,693
11 years$5,198$4,649$4,151$3,701$3,296$2,221
12 years$4,716$4,172$3,684$3,246$2,856$1,844
13 years$4,309$3,771$3,291$2,866$2,491$1,539
14 years$3,960$3,427$2,957$2,544$2,183$1,290
15 years$3,658$3,131$2,670$2,269$1,922$1,085
16 years$3,394$2,873$2,421$2,032$1,699$916
17 years$3,161$2,646$2,203$1,825$1,507$775
18 years$2,954$2,445$2,011$1,645$1,340$656
19 years$2,769$2,266$1,841$1,486$1,194$557
20 years$2,603$2,105$1,689$1,346$1,066$474
21 years$2,453$1,961$1,554$1,222$954$403
22 years$2,317$1,831$1,432$1,111$855$343
23 years$2,193$1,712$1,322$1,012$768$293
24 years$2,079$1,604$1,223$923$690$250
25 years$1,975$1,505$1,133$843$621$213
26 years$1,879$1,415$1,050$771$559$182
27 years$1,790$1,331$975$705$504$156
28 years$1,707$1,255$907$646$455$133
29 years$1,631$1,184$844$593$411$114
30 years$1,559$1,118$786$544$371$97
31 years$1,493$1,057$733$499$336$83
32 years$1,430$1,000$684$459$304$71
33 years$1,372$947$638$422$275$61
34 years$1,317$897$596$388$249$52
35 years$1,265$851$558$358$225$45
36 years$1,217$808$522$329$204$38
37 years$1,171$767$488$303$185$33
38 years$1,127$729$457$280$168$28
39 years$1,086$693$428$258$152$24
40 years$1,047$660$402$238$138$21
41 years$1,010$628$377$219$125$18
42 years$975$598$353$202$114$15
43 years$942$570$331$187$103$13
44 years$910$543$311$173$94$11
45 years$880$518$292$159$85$10
46 years$851$494$274$147$77$8
47 years$823$472$258$136$70$7
48 years$797$450$242$126$64$6
49 years$772$430$228$116$58$5
50 years$748$411$214$107$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $766,000, adding $3,844 every year, while hoping to spend $28,641 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: 72/6/22 Blend
39$766,000$766,000$766,000$766,000
40$848,097$807,499$795,626$904,308
41$904,129$816,593$791,806$951,354
42$964,917$825,172$786,898$999,089
43$1,030,914$833,182$780,835$1,050,663
44$1,102,622$840,562$773,547$1,106,452
45$1,180,591$847,251$764,962$1,166,873
46$1,265,426$853,181$755,003$1,232,384
47$1,357,793$858,280$743,589$1,303,491
48$1,458,425$862,473$730,637$1,380,753
49$1,568,129$865,679$716,058$1,464,783
50$1,687,793$867,812$699,760$1,556,261
51$1,818,393$868,780$681,648$1,655,933
52$1,961,005$868,487$661,619$1,764,625
53$2,116,814$866,829$639,570$1,883,245
54$2,287,123$863,697$615,389$2,012,796
55$2,473,366$858,975$588,961$2,154,383
56$2,677,124$852,540$560,167$2,309,225
57$2,900,138$844,261$528,879$2,478,666
58$3,144,321$833,999$494,966$2,664,187
59$3,411,786$821,609$458,291$2,867,421
60$3,704,854$806,934$418,710$3,090,170
61$4,026,084$789,809$376,072$3,334,420
62$4,378,295$770,060$330,221$3,602,360
63$4,764,591$747,502$280,992$3,896,403
64$5,188,389$721,940$228,216$4,219,212
65$5,653,456$693,166$171,712$4,573,721
66$6,163,940$660,962$111,295$4,963,164
67$6,724,408$625,096$46,770$5,391,108
68$7,339,893$585,321$0$5,861,484
69$8,015,941$541,381$0$6,383,813
70$8,758,658$492,999$0$6,969,740
71$9,574,772$439,888$0$7,613,597
72$10,471,696$381,739$0$8,321,243
73$11,457,596$318,231$0$9,099,137
74$12,541,468$249,022$0$9,954,396
75$13,733,223$173,749$0$10,894,862
76$15,043,782$92,033$0$11,929,173
77$16,485,176$3,471$0$13,066,850
78$18,070,660$0$0$14,318,383
79$19,814,840$0$0$15,701,431
80$21,733,806$0$0$17,223,372
81$23,845,290$0$0$18,898,043
82$26,168,825$0$0$20,740,943
83$28,725,938$0$0$22,769,151
84$31,540,345$0$0$25,001,485
85$34,638,179$0$0$27,458,678
86$38,048,234$0$0$30,163,576
87$41,802,240$0$0$33,141,354
88$45,935,156$0$0$36,419,749
89$50,485,506$0$0$40,029,327
90$55,495,737$0$0$44,003,766
91$61,012,625$0$0$48,380,179
92$67,087,710$0$0$53,199,460
93$73,777,785$0$0$58,506,668
94$81,145,432$0$0$64,351,460
95$89,259,612$0$0$70,788,548
96$98,196,314$0$0$77,878,227
97$108,039,276$0$0$85,686,935
98$118,880,768$0$0$94,287,882
99$130,822,468$0$0$103,761,744
100$143,976,422$0$0$114,197,419