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%15.3%
1 years$63,421$62,856$62,305$61,767$61,241$59,907
2 years$31,396$30,812$30,245$29,696$29,163$27,825
3 years$20,723$20,136$19,571$19,026$18,502$17,203
4 years$15,387$14,802$14,242$13,707$13,196$11,945
5 years$12,187$11,605$11,053$10,529$10,031$8,833
6 years$10,054$9,476$8,932$8,420$7,937$6,792
7 years$8,531$7,958$7,423$6,922$6,455$5,363
8 years$7,389$6,822$6,295$5,807$5,355$4,316
9 years$6,502$5,939$5,422$4,946$4,510$3,523
10 years$5,792$5,235$4,727$4,264$3,843$2,908
11 years$5,212$4,661$4,162$3,711$3,305$2,420
12 years$4,729$4,183$3,693$3,255$2,864$2,028
13 years$4,320$3,780$3,300$2,873$2,497$1,709
14 years$3,970$3,436$2,965$2,551$2,189$1,446
15 years$3,667$3,139$2,677$2,275$1,927$1,228
16 years$3,403$2,880$2,427$2,037$1,704$1,047
17 years$3,169$2,652$2,208$1,830$1,510$894
18 years$2,962$2,451$2,016$1,649$1,343$766
19 years$2,777$2,272$1,846$1,490$1,197$657
20 years$2,610$2,111$1,694$1,350$1,069$564
21 years$2,460$1,966$1,558$1,225$957$485
22 years$2,323$1,835$1,436$1,114$858$418
23 years$2,199$1,717$1,326$1,014$770$360
24 years$2,085$1,608$1,226$925$692$311
25 years$1,980$1,509$1,136$845$623$269
26 years$1,884$1,418$1,053$773$561$232
27 years$1,794$1,335$978$707$506$201
28 years$1,712$1,258$909$648$456$173
29 years$1,635$1,187$846$594$412$150
30 years$1,563$1,121$788$545$372$130
31 years$1,496$1,059$735$501$337$112
32 years$1,434$1,002$685$460$304$97
33 years$1,375$949$640$423$276$84
34 years$1,320$900$598$389$249$73
35 years$1,269$853$559$358$226$63
36 years$1,220$810$523$330$205$55
37 years$1,174$769$490$304$186$48
38 years$1,130$731$458$280$168$41
39 years$1,089$695$430$259$153$36
40 years$1,050$661$403$238$138$31
41 years$1,013$630$377$220$126$27
42 years$978$600$354$203$114$23
43 years$944$571$332$187$103$20
44 years$912$545$312$173$94$17
45 years$882$519$293$160$85$15
46 years$853$495$275$148$77$13
47 years$826$473$258$136$70$11
48 years$799$451$243$126$64$10
49 years$774$431$228$116$58$9
50 years$750$412$215$108$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $768,000, adding $4,427 every year, while hoping to spend $44,400 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: 71/12/17 Blend
39$768,000$768,000$768,000$768,000
40$850,902$810,198$798,294$907,624
41$890,453$802,657$777,796$938,370
42$932,550$793,258$755,123$966,265
43$977,406$781,863$730,155$995,669
44$1,025,254$768,327$702,768$1,026,724
45$1,076,349$752,494$672,830$1,059,586
46$1,130,971$734,201$640,204$1,094,430
47$1,189,427$713,273$604,747$1,131,449
48$1,252,052$689,528$566,311$1,170,857
49$1,319,217$662,770$524,738$1,212,891
50$1,391,326$632,794$479,865$1,257,812
51$1,468,822$599,382$431,521$1,305,913
52$1,552,193$562,304$379,529$1,357,513
53$1,641,976$521,315$323,702$1,412,968
54$1,738,757$476,159$263,846$1,472,672
55$1,843,183$426,564$199,757$1,537,061
56$1,955,963$372,241$131,224$1,606,616
57$2,077,877$312,886$58,026$1,681,871
58$2,209,782$248,179$0$1,763,415
59$2,352,620$177,781$0$1,855,545
60$2,507,427$101,332$0$1,966,808
61$2,675,342$18,454$0$2,087,509
62$2,857,617$0$0$2,218,579
63$3,055,630$0$0$2,370,450
64$3,270,896$0$0$2,538,238
65$3,505,082$0$0$2,720,809
66$3,760,023$0$0$2,919,599
67$4,037,737$0$0$3,136,184
68$4,340,444$0$0$3,372,303
69$4,670,590$0$0$3,629,868
70$5,030,864$0$0$3,910,982
71$5,424,229$0$0$4,217,962
72$5,853,943$0$0$4,553,358
73$6,323,596$0$0$4,919,978
74$6,837,139$0$0$5,320,910
75$7,398,922$0$0$5,759,560
76$8,013,736$0$0$6,239,673
77$8,686,854$0$0$6,765,376
78$9,424,086$0$0$7,341,212
79$10,231,827$0$0$7,972,184
80$11,117,123$0$0$8,663,805
81$12,087,730$0$0$9,422,142
82$13,152,194$0$0$10,253,880
83$14,319,926$0$0$11,166,383
84$15,601,292$0$0$12,167,758
85$17,007,710$0$0$13,266,939
86$18,551,759$0$0$14,473,767
87$20,247,292$0$0$15,799,079
88$22,109,573$0$0$17,254,815
89$24,155,413$0$0$18,854,131
90$26,403,334$0$0$20,611,515
91$28,873,742$0$0$22,542,931
92$31,589,116$0$0$24,665,967
93$34,574,220$0$0$26,999,998
94$37,856,340$0$0$29,566,370
95$41,465,536$0$0$32,388,602
96$45,434,928$0$0$35,492,605
97$49,801,004$0$0$38,906,928
98$54,603,969$0$0$42,663,025
99$59,888,120$0$0$46,795,553
100$65,702,262$0$0$51,342,698