Can I retire at age 40 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$63,503$62,938$62,386$61,847$61,321$60,034
2 years$31,437$30,852$30,284$29,734$29,201$27,910
3 years$20,750$20,162$19,596$19,051$18,526$17,272
4 years$15,407$14,821$14,261$13,725$13,213$12,005
5 years$12,203$11,620$11,067$10,542$10,044$8,886
6 years$10,067$9,489$8,944$8,431$7,948$6,841
7 years$8,542$7,969$7,432$6,931$6,464$5,408
8 years$7,399$6,830$6,303$5,815$5,362$4,357
9 years$6,510$5,947$5,429$4,953$4,516$3,561
10 years$5,800$5,242$4,733$4,269$3,848$2,942
11 years$5,219$4,667$4,167$3,716$3,309$2,452
12 years$4,735$4,189$3,698$3,259$2,868$2,057
13 years$4,326$3,785$3,304$2,877$2,501$1,736
14 years$3,975$3,441$2,969$2,554$2,192$1,471
15 years$3,672$3,143$2,680$2,278$1,930$1,251
16 years$3,407$2,884$2,430$2,040$1,706$1,068
17 years$3,173$2,656$2,211$1,832$1,512$914
18 years$2,966$2,454$2,019$1,651$1,345$783
19 years$2,780$2,274$1,848$1,492$1,199$673
20 years$2,614$2,114$1,696$1,351$1,071$579
21 years$2,463$1,969$1,560$1,227$958$499
22 years$2,326$1,838$1,438$1,115$859$430
23 years$2,202$1,719$1,327$1,016$771$372
24 years$2,087$1,610$1,228$926$693$321
25 years$1,983$1,511$1,137$846$624$278
26 years$1,886$1,420$1,055$774$562$240
27 years$1,797$1,337$979$708$506$208
28 years$1,714$1,260$910$649$457$180
29 years$1,637$1,188$847$595$413$156
30 years$1,565$1,122$789$546$373$135
31 years$1,498$1,061$736$501$337$117
32 years$1,436$1,004$686$461$305$102
33 years$1,377$951$641$424$276$88
34 years$1,322$901$599$390$250$77
35 years$1,270$855$560$359$226$67
36 years$1,221$811$524$331$205$58
37 years$1,175$770$490$305$186$50
38 years$1,132$732$459$281$168$44
39 years$1,090$696$430$259$153$38
40 years$1,051$662$403$239$139$33
41 years$1,014$630$378$220$126$28
42 years$979$600$355$203$114$25
43 years$946$572$333$188$104$21
44 years$914$545$312$173$94$19
45 years$883$520$293$160$85$16
46 years$854$496$275$148$77$14
47 years$827$473$259$137$70$12
48 years$800$452$243$126$64$11
49 years$775$432$229$117$58$9
50 years$751$412$215$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $769,000, adding $5,422 every year, while hoping to spend $29,008 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: 38/43/19 Blend
39$769,000$769,000$769,000$769,000
40$853,031$812,274$800,354$880,399
41$909,176$821,211$796,302$909,559
42$970,075$829,614$791,141$937,902
43$1,036,183$837,425$784,805$967,932
44$1,108,000$844,586$777,223$999,815
45$1,186,075$851,029$768,319$1,033,739
46$1,271,014$856,688$758,016$1,069,910
47$1,363,480$861,489$746,233$1,108,558
48$1,464,207$865,354$732,884$1,149,938
49$1,574,001$868,201$717,879$1,194,333
50$1,693,747$869,941$701,127$1,242,055
51$1,824,422$870,481$682,527$1,293,453
52$1,967,101$869,722$661,979$1,348,912
53$2,122,964$867,558$639,375$1,408,857
54$2,293,316$863,877$614,603$1,473,762
55$2,479,588$858,562$587,547$1,544,151
56$2,683,360$851,484$558,083$1,620,604
57$2,906,367$842,512$526,084$1,703,762
58$3,150,525$831,503$491,416$1,794,338
59$3,417,940$818,308$453,939$1,893,119
60$3,710,932$802,767$413,508$2,000,975
61$4,032,056$784,712$369,970$2,118,872
62$4,384,127$763,965$323,165$2,247,876
63$4,770,245$740,336$272,928$2,389,167
64$5,193,823$713,626$219,085$2,544,051
65$5,658,623$683,623$161,453$2,713,971
66$6,168,785$650,103$99,845$2,900,524
67$6,728,872$612,829$34,061$3,105,476
68$7,343,911$571,552$0$3,330,777
69$8,019,438$526,006$0$3,585,911
70$8,761,552$475,912$0$3,873,781
71$9,576,972$420,972$0$4,190,154
72$10,473,099$360,876$0$4,537,987
73$11,458,088$295,292$0$4,920,548
74$12,540,923$223,872$0$5,341,439
75$13,731,502$146,246$0$5,804,639
76$15,040,730$62,027$0$6,314,539
77$16,480,620$0$0$6,875,983
78$18,064,409$0$0$7,508,136
79$19,806,682$0$0$8,235,950
80$21,723,507$0$0$9,036,803
81$23,832,590$0$0$9,918,108
82$26,153,438$0$0$10,888,033
83$28,707,544$0$0$11,955,575
84$31,518,593$0$0$13,130,651
85$34,612,680$0$0$14,424,186
86$38,018,558$0$0$15,848,220
87$41,767,910$0$0$17,416,017
88$45,895,647$0$0$19,142,195
89$50,440,236$0$0$21,042,859
90$55,444,066$0$0$23,135,759
91$60,953,842$0$0$25,440,450
92$67,021,032$0$0$27,978,482
93$73,702,347$0$0$30,773,601
94$81,060,279$0$0$33,851,974
95$89,163,689$0$0$37,242,434
96$98,088,457$0$0$40,976,754
97$107,918,200$0$0$45,089,945
98$118,745,054$0$0$49,620,590
99$130,670,553$0$0$54,611,201
100$143,806,578$0$0$60,108,628