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%12%
1 years$63,503$62,938$62,386$61,847$61,321$60,807
2 years$31,437$30,852$30,284$29,734$29,201$28,683
3 years$20,750$20,162$19,596$19,051$18,526$18,020
4 years$15,407$14,821$14,261$13,725$13,213$12,723
5 years$12,203$11,620$11,067$10,542$10,044$9,572
6 years$10,067$9,489$8,944$8,431$7,948$7,493
7 years$8,542$7,969$7,432$6,931$6,464$6,027
8 years$7,399$6,830$6,303$5,815$5,362$4,944
9 years$6,510$5,947$5,429$4,953$4,516$4,115
10 years$5,800$5,242$4,733$4,269$3,848$3,465
11 years$5,219$4,667$4,167$3,716$3,309$2,944
12 years$4,735$4,189$3,698$3,259$2,868$2,520
13 years$4,326$3,785$3,304$2,877$2,501$2,169
14 years$3,975$3,441$2,969$2,554$2,192$1,877
15 years$3,672$3,143$2,680$2,278$1,930$1,631
16 years$3,407$2,884$2,430$2,040$1,706$1,422
17 years$3,173$2,656$2,211$1,832$1,512$1,244
18 years$2,966$2,454$2,019$1,651$1,345$1,091
19 years$2,780$2,274$1,848$1,492$1,199$959
20 years$2,614$2,114$1,696$1,351$1,071$844
21 years$2,463$1,969$1,560$1,227$958$744
22 years$2,326$1,838$1,438$1,115$859$657
23 years$2,202$1,719$1,327$1,016$771$581
24 years$2,087$1,610$1,228$926$693$515
25 years$1,983$1,511$1,137$846$624$456
26 years$1,886$1,420$1,055$774$562$404
27 years$1,797$1,337$979$708$506$359
28 years$1,714$1,260$910$649$457$319
29 years$1,637$1,188$847$595$413$283
30 years$1,565$1,122$789$546$373$252
31 years$1,498$1,061$736$501$337$224
32 years$1,436$1,004$686$461$305$199
33 years$1,377$951$641$424$276$178
34 years$1,322$901$599$390$250$158
35 years$1,270$855$560$359$226$141
36 years$1,221$811$524$331$205$126
37 years$1,175$770$490$305$186$112
38 years$1,132$732$459$281$168$100
39 years$1,090$696$430$259$153$89
40 years$1,051$662$403$239$139$79
41 years$1,014$630$378$220$126$71
42 years$979$600$355$203$114$63
43 years$946$572$333$188$104$56
44 years$914$545$312$173$94$50
45 years$883$520$293$160$85$45
46 years$854$496$275$148$77$40
47 years$827$473$259$137$70$36
48 years$800$452$243$126$64$32
49 years$775$432$229$117$58$28
50 years$751$412$215$108$53$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $769,000, adding $3,520 every year, while hoping to spend $50,465 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: 74/12/14 Blend
39$769,000$769,000$769,000$769,000
40$851,069$810,312$798,392$911,239
41$884,184$796,323$771,444$937,516
42$918,985$779,957$741,902$959,706
43$955,591$761,044$709,625$982,657
44$994,131$739,406$674,468$1,006,430
45$1,034,746$714,850$636,276$1,031,093
46$1,077,589$687,177$594,890$1,056,724
47$1,122,827$656,172$550,143$1,083,407
48$1,170,642$621,611$501,859$1,111,238
49$1,221,232$583,255$449,856$1,140,322
50$1,274,815$540,852$393,944$1,170,777
51$1,331,628$494,135$333,923$1,202,733
52$1,391,929$442,823$269,584$1,236,338
53$1,456,002$386,617$200,711$1,271,752
54$1,524,156$325,204$127,077$1,309,157
55$1,596,731$258,250$48,445$1,348,753
56$1,674,097$185,404$0$1,390,762
57$1,756,661$106,295$0$1,440,731
58$1,844,869$20,532$0$1,501,704
59$1,939,209$0$0$1,566,782
60$2,040,215$0$0$1,645,894
61$2,148,475$0$0$1,733,616
62$2,264,632$0$0$1,827,759
63$2,389,394$0$0$1,928,901
64$2,523,535$0$0$2,037,673
65$2,667,906$0$0$2,154,768
66$2,823,443$0$0$2,280,948
67$2,991,172$0$0$2,417,050
68$3,172,221$0$0$2,563,993
69$3,367,830$0$0$2,722,787
70$3,579,360$0$0$2,894,542
71$3,808,308$0$0$3,080,477
72$4,056,321$0$0$3,281,935
73$4,325,207$0$0$3,500,390
74$4,616,956$0$0$3,737,464
75$4,933,758$0$0$3,994,941
76$5,278,017$0$0$4,274,782
77$5,652,384$0$0$4,579,146
78$6,059,770$0$0$4,910,408
79$6,503,381$0$0$5,271,181
80$6,986,744$0$0$5,664,340
81$7,513,740$0$0$6,093,049
82$8,088,642$0$0$6,560,791
83$8,716,152$0$0$7,071,399
84$9,401,446$0$0$7,629,095
85$10,150,222$0$0$8,238,522
86$10,968,752$0$0$8,904,795
87$11,863,943$0$0$9,633,546
88$12,843,400$0$0$10,430,973
89$13,915,495$0$0$11,303,905
90$15,089,449$0$0$12,259,858
91$16,375,416$0$0$13,307,111
92$17,784,576$0$0$14,454,782
93$19,329,246$0$0$15,712,912
94$21,022,987$0$0$17,092,558
95$22,880,737$0$0$18,605,901
96$24,918,951$0$0$20,266,358
97$27,155,750$0$0$22,088,704
98$29,611,097$0$0$24,089,218
99$32,306,981$0$0$26,285,830
100$35,267,626$0$0$28,698,291