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%17.4%
1 years$63,503$62,938$62,386$61,847$61,321$59,477
2 years$31,437$30,852$30,284$29,734$29,201$27,358
3 years$20,750$20,162$19,596$19,051$18,526$16,743
4 years$15,407$14,821$14,261$13,725$13,213$11,503
5 years$12,203$11,620$11,067$10,542$10,044$8,413
6 years$10,067$9,489$8,944$8,431$7,948$6,395
7 years$8,542$7,969$7,432$6,931$6,464$4,990
8 years$7,399$6,830$6,303$5,815$5,362$3,967
9 years$6,510$5,947$5,429$4,953$4,516$3,198
10 years$5,800$5,242$4,733$4,269$3,848$2,604
11 years$5,219$4,667$4,167$3,716$3,309$2,139
12 years$4,735$4,189$3,698$3,259$2,868$1,768
13 years$4,326$3,785$3,304$2,877$2,501$1,468
14 years$3,975$3,441$2,969$2,554$2,192$1,225
15 years$3,672$3,143$2,680$2,278$1,930$1,025
16 years$3,407$2,884$2,430$2,040$1,706$861
17 years$3,173$2,656$2,211$1,832$1,512$724
18 years$2,966$2,454$2,019$1,651$1,345$611
19 years$2,780$2,274$1,848$1,492$1,199$516
20 years$2,614$2,114$1,696$1,351$1,071$436
21 years$2,463$1,969$1,560$1,227$958$369
22 years$2,326$1,838$1,438$1,115$859$313
23 years$2,202$1,719$1,327$1,016$771$265
24 years$2,087$1,610$1,228$926$693$225
25 years$1,983$1,511$1,137$846$624$191
26 years$1,886$1,420$1,055$774$562$162
27 years$1,797$1,337$979$708$506$138
28 years$1,714$1,260$910$649$457$117
29 years$1,637$1,188$847$595$413$100
30 years$1,565$1,122$789$546$373$85
31 years$1,498$1,061$736$501$337$72
32 years$1,436$1,004$686$461$305$61
33 years$1,377$951$641$424$276$52
34 years$1,322$901$599$390$250$44
35 years$1,270$855$560$359$226$38
36 years$1,221$811$524$331$205$32
37 years$1,175$770$490$305$186$27
38 years$1,132$732$459$281$168$23
39 years$1,090$696$430$259$153$20
40 years$1,051$662$403$239$139$17
41 years$1,014$630$378$220$126$14
42 years$979$600$355$203$114$12
43 years$946$572$333$188$104$10
44 years$914$545$312$173$94$9
45 years$883$520$293$160$85$8
46 years$854$496$275$148$77$6
47 years$827$473$259$137$70$6
48 years$800$452$243$126$64$5
49 years$775$432$229$117$58$4
50 years$751$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 $769,000, adding $2,059 every year, while hoping to spend $24,635 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: 79/9/12 Blend
39$769,000$769,000$769,000$769,000
40$849,562$808,805$796,885$914,612
41$910,006$822,225$797,370$971,082
42$975,789$835,477$797,044$1,029,636
43$1,047,431$848,526$795,857$1,093,166
44$1,125,502$861,337$793,750$1,162,159
45$1,210,629$873,869$790,668$1,237,151
46$1,303,505$886,080$786,547$1,318,732
47$1,404,891$897,926$781,324$1,407,553
48$1,515,623$909,357$774,931$1,504,329
49$1,636,623$920,323$767,299$1,609,850
50$1,768,908$930,768$758,353$1,724,985
51$1,913,594$940,634$748,015$1,850,692
52$2,071,913$949,856$736,205$1,988,028
53$2,245,218$958,370$722,838$2,138,153
54$2,435,003$966,102$707,826$2,302,351
55$2,642,910$972,978$691,075$2,482,032
56$2,870,749$978,916$672,488$2,678,753
57$3,120,513$983,831$651,964$2,894,228
58$3,394,397$987,630$629,396$3,130,346
59$3,694,817$990,216$604,673$3,389,189
60$4,024,438$991,486$577,679$3,673,051
61$4,386,192$991,330$548,293$3,984,460
62$4,783,309$989,631$516,386$4,326,202
63$5,219,349$986,265$481,828$4,701,346
64$5,698,232$981,101$444,477$5,113,277
65$6,224,275$973,998$404,191$5,565,723
66$6,802,237$964,810$360,817$6,062,793
67$7,437,358$953,378$314,197$6,609,015
68$8,135,412$939,537$264,167$7,209,380
69$8,902,760$923,111$210,552$7,869,388
70$9,746,409$903,912$153,174$8,595,099
71$10,674,082$881,742$91,844$9,393,194
72$11,694,284$856,393$26,366$10,271,034
73$12,816,386$827,642$0$11,236,731
74$14,050,716$795,255$0$12,304,799
75$15,408,650$758,983$0$13,483,484
76$16,902,723$718,564$0$14,780,295
77$18,546,747$673,719$0$16,207,230
78$20,355,939$624,156$0$17,777,509
79$22,347,068$569,562$0$19,505,701
80$24,538,609$509,611$0$21,407,858
81$26,950,919$443,954$0$23,501,672
82$29,606,431$372,226$0$25,806,635
83$32,529,860$294,038$0$28,344,229
84$35,748,441$208,981$0$31,138,125
85$39,292,184$116,623$0$34,214,408
86$43,194,157$16,509$0$37,601,823
87$47,490,798$0$0$41,332,046
88$52,222,258$0$0$45,449,081
89$57,432,780$0$0$49,984,798
90$63,171,116$0$0$54,980,005
91$69,490,989$0$0$60,481,471
92$76,451,595$0$0$66,540,732
93$84,118,169$0$0$73,214,578
94$92,562,590$0$0$80,565,586
95$101,864,071$0$0$88,662,716
96$112,109,895$0$0$97,581,956
97$123,396,248$0$0$107,407,040
98$135,829,120$0$0$118,230,243
99$149,525,308$0$0$130,153,244
100$164,613,518$0$0$143,288,093