Can I retire at age 40 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$63,421$62,856$62,305$61,767$61,241$58,951
2 years$31,396$30,812$30,245$29,696$29,163$26,882
3 years$20,723$20,136$19,571$19,026$18,502$16,302
4 years$15,387$14,802$14,242$13,707$13,196$11,093
5 years$12,187$11,605$11,053$10,529$10,031$8,032
6 years$10,054$9,476$8,932$8,420$7,937$6,042
7 years$8,531$7,958$7,423$6,922$6,455$4,664
8 years$7,389$6,822$6,295$5,807$5,355$3,666
9 years$6,502$5,939$5,422$4,946$4,510$2,921
10 years$5,792$5,235$4,727$4,264$3,843$2,351
11 years$5,212$4,661$4,162$3,711$3,305$1,907
12 years$4,729$4,183$3,693$3,255$2,864$1,556
13 years$4,320$3,780$3,300$2,873$2,497$1,276
14 years$3,970$3,436$2,965$2,551$2,189$1,051
15 years$3,667$3,139$2,677$2,275$1,927$868
16 years$3,403$2,880$2,427$2,037$1,704$718
17 years$3,169$2,652$2,208$1,830$1,510$596
18 years$2,962$2,451$2,016$1,649$1,343$495
19 years$2,777$2,272$1,846$1,490$1,197$412
20 years$2,610$2,111$1,694$1,350$1,069$344
21 years$2,460$1,966$1,558$1,225$957$287
22 years$2,323$1,835$1,436$1,114$858$239
23 years$2,199$1,717$1,326$1,014$770$200
24 years$2,085$1,608$1,226$925$692$167
25 years$1,980$1,509$1,136$845$623$140
26 years$1,884$1,418$1,053$773$561$117
27 years$1,794$1,335$978$707$506$98
28 years$1,712$1,258$909$648$456$82
29 years$1,635$1,187$846$594$412$69
30 years$1,563$1,121$788$545$372$57
31 years$1,496$1,059$735$501$337$48
32 years$1,434$1,002$685$460$304$40
33 years$1,375$949$640$423$276$34
34 years$1,320$900$598$389$249$28
35 years$1,269$853$559$358$226$24
36 years$1,220$810$523$330$205$20
37 years$1,174$769$490$304$186$17
38 years$1,130$731$458$280$168$14
39 years$1,089$695$430$259$153$12
40 years$1,050$661$403$238$138$10
41 years$1,013$630$377$220$126$8
42 years$978$600$354$203$114$7
43 years$944$571$332$187$103$6
44 years$912$545$312$173$94$5
45 years$882$519$293$160$85$4
46 years$853$495$275$148$77$3
47 years$826$473$258$136$70$3
48 years$799$451$243$126$64$2
49 years$774$431$228$116$58$2
50 years$750$412$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $768,000, adding $2,494 every year, while hoping to spend $21,495 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: 65/18/17 Blend
39$768,000$768,000$768,000$768,000
40$848,909$808,205$796,301$900,377
41$912,627$824,936$800,106$951,902
42$982,124$841,767$803,319$1,005,483
43$1,057,966$858,680$805,896$1,063,516
44$1,140,778$875,654$807,793$1,126,434
45$1,231,246$892,670$808,963$1,194,719
46$1,330,127$909,704$809,356$1,268,898
47$1,438,252$926,732$808,921$1,349,555
48$1,556,537$943,726$807,604$1,437,330
49$1,685,993$960,657$805,348$1,532,933
50$1,827,730$977,495$802,093$1,637,141
51$1,982,972$994,206$797,777$1,750,815
52$2,153,066$1,010,753$792,333$1,874,901
53$2,339,497$1,027,097$785,694$2,010,442
54$2,543,898$1,043,198$777,787$2,158,590
55$2,768,070$1,059,009$768,537$2,320,612
56$3,013,995$1,074,482$757,866$2,497,905
57$3,283,858$1,089,567$745,689$2,692,009
58$3,580,063$1,104,207$731,921$2,904,622
59$3,905,260$1,118,344$716,472$3,137,614
60$4,262,369$1,131,915$699,246$3,393,049
61$4,654,604$1,144,853$680,144$3,673,199
62$5,085,507$1,157,084$659,062$3,980,569
63$5,558,981$1,168,533$635,893$4,317,921
64$6,079,324$1,179,118$610,522$4,688,298
65$6,651,272$1,188,752$582,831$5,095,057
66$7,280,041$1,197,340$552,696$5,541,895
67$7,971,381$1,204,786$519,987$6,032,887
68$8,731,624$1,210,983$484,569$6,572,527
69$9,567,748$1,215,818$446,300$7,165,766
70$10,487,439$1,219,174$405,032$7,818,062
71$11,499,168$1,220,924$360,610$8,535,432
72$12,612,266$1,220,933$312,874$9,324,507
73$13,837,016$1,219,057$261,654$10,192,595
74$15,184,747$1,215,147$206,775$11,147,751
75$16,667,942$1,209,040$148,053$12,198,856
76$18,300,355$1,200,566$85,296$13,355,694
77$20,097,141$1,189,543$18,303$14,629,052
78$22,074,999$1,175,780$0$16,030,820
79$24,252,329$1,159,073$0$17,583,748
80$26,649,405$1,139,206$0$19,296,800
81$29,288,568$1,115,951$0$21,182,613
82$32,194,435$1,089,066$0$23,258,772
83$35,394,131$1,058,294$0$25,544,660
84$38,917,546$1,023,364$0$28,061,635
85$42,797,615$983,988$0$30,833,235
86$47,070,632$939,863$0$33,885,397
87$51,776,587$890,667$0$37,246,708
88$56,959,550$836,061$0$40,948,669
89$62,668,080$775,683$0$45,025,994
90$68,955,687$709,155$0$49,516,943
91$75,881,338$636,074$0$54,463,675
92$83,510,008$556,016$0$59,912,653
93$91,913,299$468,531$0$65,915,079
94$101,170,112$373,145$0$72,527,380
95$111,367,392$269,358$0$79,811,741
96$122,600,949$156,640$0$87,836,689
97$134,976,363$34,432$0$96,677,747
98$148,609,977$0$0$106,418,138
99$163,630,000$0$0$117,168,963
100$180,177,712$0$0$129,020,854