Can I retire at age 40 with 768,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$63,421$62,856$62,305$61,767$61,241$59,281
2 years$31,396$30,812$30,245$29,696$29,163$27,206
3 years$20,723$20,136$19,571$19,026$18,502$16,610
4 years$15,387$14,802$14,242$13,707$13,196$11,383
5 years$12,187$11,605$11,053$10,529$10,031$8,303
6 years$10,054$9,476$8,932$8,420$7,937$6,294
7 years$8,531$7,958$7,423$6,922$6,455$4,898
8 years$7,389$6,822$6,295$5,807$5,355$3,882
9 years$6,502$5,939$5,422$4,946$4,510$3,119
10 years$5,792$5,235$4,727$4,264$3,843$2,533
11 years$5,212$4,661$4,162$3,711$3,305$2,073
12 years$4,729$4,183$3,693$3,255$2,864$1,708
13 years$4,320$3,780$3,300$2,873$2,497$1,414
14 years$3,970$3,436$2,965$2,551$2,189$1,175
15 years$3,667$3,139$2,677$2,275$1,927$980
16 years$3,403$2,880$2,427$2,037$1,704$820
17 years$3,169$2,652$2,208$1,830$1,510$688
18 years$2,962$2,451$2,016$1,649$1,343$577
19 years$2,777$2,272$1,846$1,490$1,197$486
20 years$2,610$2,111$1,694$1,350$1,069$409
21 years$2,460$1,966$1,558$1,225$957$345
22 years$2,323$1,835$1,436$1,114$858$291
23 years$2,199$1,717$1,326$1,014$770$246
24 years$2,085$1,608$1,226$925$692$208
25 years$1,980$1,509$1,136$845$623$176
26 years$1,884$1,418$1,053$773$561$149
27 years$1,794$1,335$978$707$506$126
28 years$1,712$1,258$909$648$456$107
29 years$1,635$1,187$846$594$412$90
30 years$1,563$1,121$788$545$372$76
31 years$1,496$1,059$735$501$337$65
32 years$1,434$1,002$685$460$304$55
33 years$1,375$949$640$423$276$47
34 years$1,320$900$598$389$249$39
35 years$1,269$853$559$358$226$33
36 years$1,220$810$523$330$205$28
37 years$1,174$769$490$304$186$24
38 years$1,130$731$458$280$168$20
39 years$1,089$695$430$259$153$17
40 years$1,050$661$403$238$138$15
41 years$1,013$630$377$220$126$12
42 years$978$600$354$203$114$11
43 years$944$571$332$187$103$9
44 years$912$545$312$173$94$8
45 years$882$519$293$160$85$6
46 years$853$495$275$148$77$5
47 years$826$473$258$136$70$5
48 years$799$451$243$126$64$4
49 years$774$431$228$116$58$3
50 years$750$412$215$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $768,000, adding $3,035 every year, while hoping to spend $58,680 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: 42/28/30 Blend
39$768,000$768,000$768,000$768,000
40$849,467$808,763$796,859$877,574
41$873,677$785,957$761,118$875,368
42$898,390$760,067$722,214$867,270
43$923,596$730,880$679,978$857,403
44$949,280$698,170$634,234$845,640
45$975,425$661,699$584,799$831,845
46$1,002,010$621,214$531,482$815,876
47$1,029,011$576,449$474,082$797,581
48$1,056,396$527,122$412,391$776,798
49$1,084,132$472,934$346,189$753,355
50$1,112,175$413,570$275,248$727,072
51$1,140,480$348,697$199,332$697,753
52$1,168,989$277,964$118,190$665,193
53$1,197,641$200,999$31,564$629,174
54$1,226,361$117,409$0$589,462
55$1,255,067$26,779$0$565,298
56$1,283,666$0$0$548,979
57$1,312,050$0$0$552,183
58$1,340,098$0$0$563,430
59$1,367,676$0$0$574,404
60$1,394,629$0$0$585,033
61$1,420,786$0$0$595,235
62$1,445,954$0$0$604,920
63$1,469,918$0$0$613,984
64$1,492,434$0$0$622,316
65$1,513,234$0$0$629,787
66$1,532,015$0$0$636,256
67$1,548,441$0$0$641,565
68$1,562,138$0$0$645,538
69$1,572,689$0$0$647,980
70$1,579,628$0$0$648,675
71$1,582,441$0$0$647,380
72$1,580,555$0$0$643,828
73$1,573,332$0$0$637,722
74$1,560,066$0$0$628,732
75$1,539,975$0$0$616,493
76$1,512,188$0$0$600,600
77$1,475,745$0$0$580,604
78$1,429,577$0$0$556,010
79$1,372,505$0$0$526,266
80$1,303,220$0$0$490,765
81$1,220,275$0$0$448,834
82$1,122,071$0$0$399,728
83$1,006,835$0$0$342,625
84$872,610$0$0$276,614
85$717,231$0$0$200,689
86$538,305$0$0$113,740
87$333,189$0$0$14,539
88$98,959$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0