Can I retire at age 40 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$63,338$62,774$62,224$61,686$61,162$58,805
2 years$31,356$30,772$30,206$29,657$29,125$26,778
3 years$20,696$20,110$19,545$19,001$18,478$16,216
4 years$15,367$14,783$14,224$13,689$13,179$11,018
5 years$12,171$11,590$11,038$10,515$10,018$7,965
6 years$10,041$9,464$8,921$8,409$7,927$5,982
7 years$8,520$7,948$7,413$6,913$6,447$4,610
8 years$7,380$6,813$6,287$5,799$5,348$3,617
9 years$6,493$5,932$5,415$4,940$4,504$2,876
10 years$5,784$5,229$4,721$4,258$3,838$2,310
11 years$5,205$4,655$4,156$3,706$3,300$1,870
12 years$4,722$4,178$3,688$3,251$2,860$1,523
13 years$4,314$3,775$3,295$2,870$2,494$1,247
14 years$3,965$3,432$2,961$2,547$2,186$1,024
15 years$3,663$3,135$2,673$2,272$1,925$844
16 years$3,398$2,876$2,424$2,034$1,701$697
17 years$3,165$2,649$2,206$1,828$1,508$577
18 years$2,958$2,448$2,013$1,647$1,341$479
19 years$2,773$2,269$1,843$1,488$1,196$398
20 years$2,607$2,108$1,692$1,348$1,068$331
21 years$2,457$1,964$1,556$1,223$956$275
22 years$2,320$1,833$1,434$1,112$857$229
23 years$2,196$1,714$1,324$1,013$769$191
24 years$2,082$1,606$1,224$924$691$159
25 years$1,977$1,507$1,134$844$622$133
26 years$1,881$1,417$1,052$772$560$111
27 years$1,792$1,333$977$706$505$93
28 years$1,709$1,256$908$647$456$77
29 years$1,633$1,185$845$593$412$65
30 years$1,561$1,119$787$545$372$54
31 years$1,495$1,058$734$500$336$45
32 years$1,432$1,001$685$460$304$38
33 years$1,374$948$639$423$275$31
34 years$1,319$899$597$389$249$26
35 years$1,267$852$558$358$226$22
36 years$1,218$809$522$330$204$18
37 years$1,172$768$489$304$185$15
38 years$1,129$730$458$280$168$13
39 years$1,088$694$429$258$152$11
40 years$1,049$661$402$238$138$9
41 years$1,012$629$377$220$125$7
42 years$977$599$354$203$114$6
43 years$943$571$332$187$103$5
44 years$911$544$311$173$94$4
45 years$881$519$292$160$85$4
46 years$852$495$275$147$77$3
47 years$825$472$258$136$70$3
48 years$798$451$243$126$64$2
49 years$773$430$228$116$58$2
50 years$749$411$214$108$53$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $767,000, adding $4,747 every year, while hoping to spend $37,202 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: 33/48/19 Blend
39$767,000$767,000$767,000$767,000
40$850,131$809,480$797,591$873,055
41$897,261$809,561$784,728$890,537
42$947,952$808,400$770,187$905,610
43$1,002,528$805,896$753,872$921,075
44$1,061,343$801,943$735,685$936,986
45$1,124,790$796,428$715,519$953,409
46$1,193,296$789,230$693,267$970,418
47$1,267,334$780,224$668,813$988,099
48$1,347,422$769,275$642,038$1,006,548
49$1,434,130$756,240$612,817$1,025,877
50$1,528,084$740,969$581,020$1,046,213
51$1,629,973$723,301$546,508$1,067,697
52$1,740,554$703,067$509,140$1,090,494
53$1,860,661$680,088$468,767$1,114,785
54$1,991,210$654,173$425,232$1,140,778
55$2,133,209$625,123$378,373$1,168,707
56$2,287,767$592,725$328,019$1,198,835
57$2,456,104$556,753$273,993$1,231,457
58$2,639,564$516,972$216,109$1,266,907
59$2,839,624$473,128$154,173$1,305,557
60$3,057,912$424,957$87,984$1,347,826
61$3,296,217$372,178$17,329$1,394,181
62$3,556,510$314,494$0$1,445,148
63$3,840,963$251,592$0$1,513,085
64$4,151,962$183,142$0$1,591,389
65$4,492,139$108,792$0$1,677,323
66$4,864,389$28,175$0$1,771,755
67$5,271,901$0$0$1,875,647
68$5,718,187$0$0$2,021,284
69$6,207,114$0$0$2,197,254
70$6,742,940$0$0$2,390,222
71$7,330,355$0$0$2,601,891
72$7,974,524$0$0$2,834,138
73$8,681,138$0$0$3,089,030
74$9,456,463$0$0$3,368,844
75$10,307,402$0$0$3,676,088
76$11,241,556$0$0$4,013,525
77$12,267,303$0$0$4,384,199
78$13,393,868$0$0$4,791,463
79$14,631,415$0$0$5,239,009
80$15,991,139$0$0$5,730,908
81$17,485,376$0$0$6,271,643
82$19,127,714$0$0$6,866,152
83$20,933,124$0$0$7,519,878
84$22,918,099$0$0$8,238,815
85$25,100,809$0$0$9,029,569
86$27,501,276$0$0$9,899,417
87$30,141,556$0$0$10,856,377
88$33,045,952$0$0$11,909,286
89$36,241,239$0$0$13,067,875
90$39,756,921$0$0$14,342,873
91$43,625,504$0$0$15,746,095
92$47,882,803$0$0$17,290,563
93$52,568,283$0$0$18,990,626
94$57,725,427$0$0$20,862,093
95$63,402,148$0$0$22,922,384
96$69,651,239$0$0$25,190,694
97$76,530,873$0$0$27,688,173
98$84,105,149$0$0$30,438,128
99$92,444,697$0$0$33,466,240
100$101,627,344$0$0$36,800,808