Can I retire at age 40 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$63,586$63,019$62,467$61,928$61,401$59,990
2 years$31,478$30,892$30,324$29,773$29,239$27,825
3 years$20,777$20,188$19,621$19,076$18,550$17,178
4 years$15,427$14,840$14,279$13,743$13,230$11,909
5 years$12,219$11,635$11,081$10,556$10,057$8,792
6 years$10,080$9,501$8,955$8,442$7,958$6,750
7 years$8,553$7,979$7,442$6,940$6,472$5,321
8 years$7,408$6,839$6,311$5,822$5,369$4,275
9 years$6,519$5,955$5,436$4,959$4,522$3,483
10 years$5,807$5,249$4,739$4,275$3,853$2,869
11 years$5,225$4,673$4,172$3,720$3,313$2,383
12 years$4,741$4,194$3,703$3,263$2,871$1,993
13 years$4,331$3,790$3,308$2,881$2,504$1,676
14 years$3,981$3,445$2,972$2,557$2,195$1,416
15 years$3,677$3,147$2,684$2,281$1,933$1,200
16 years$3,411$2,888$2,433$2,042$1,708$1,021
17 years$3,177$2,659$2,214$1,835$1,514$870
18 years$2,970$2,457$2,021$1,654$1,347$743
19 years$2,784$2,277$1,850$1,494$1,200$636
20 years$2,617$2,116$1,698$1,353$1,072$545
21 years$2,466$1,971$1,562$1,228$959$468
22 years$2,329$1,840$1,440$1,117$860$402
23 years$2,204$1,721$1,329$1,017$772$346
24 years$2,090$1,612$1,229$928$694$298
25 years$1,985$1,513$1,139$847$624$256
26 years$1,888$1,422$1,056$775$562$221
27 years$1,799$1,338$981$709$507$191
28 years$1,716$1,261$912$650$457$164
29 years$1,639$1,190$848$596$413$142
30 years$1,567$1,124$790$547$373$122
31 years$1,500$1,062$737$502$337$106
32 years$1,438$1,005$687$461$305$91
33 years$1,379$952$642$424$276$79
34 years$1,324$902$600$390$250$68
35 years$1,272$856$561$359$227$59
36 years$1,223$812$524$331$205$51
37 years$1,177$771$491$305$186$44
38 years$1,133$733$460$281$169$38
39 years$1,092$697$431$259$153$33
40 years$1,053$663$404$239$139$28
41 years$1,016$631$378$221$126$25
42 years$980$601$355$204$114$21
43 years$947$573$333$188$104$18
44 years$915$546$313$173$94$16
45 years$884$521$294$160$85$14
46 years$855$497$276$148$78$12
47 years$828$474$259$137$70$10
48 years$801$453$243$126$64$9
49 years$776$432$229$117$58$8
50 years$752$413$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 $770,000, adding $3,161 every year, while hoping to spend $36,566 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: 50/40/10 Blend
39$770,000$770,000$770,000$770,000
40$851,801$810,991$799,056$891,975
41$899,778$811,823$786,918$920,624
42$951,424$811,471$773,148$947,601
43$1,007,074$809,837$757,653$976,070
44$1,067,096$806,820$740,335$1,006,183
45$1,131,895$802,310$721,092$1,038,105
46$1,201,916$796,191$699,816$1,072,023
47$1,277,649$788,341$676,397$1,108,143
48$1,359,629$778,630$650,717$1,146,695
49$1,448,450$766,921$622,654$1,187,934
50$1,544,759$753,068$592,080$1,232,144
51$1,649,271$736,915$558,862$1,279,640
52$1,762,773$718,300$522,860$1,330,771
53$1,886,128$697,049$483,928$1,385,927
54$2,020,287$672,978$441,914$1,445,538
55$2,166,297$645,894$396,658$1,510,083
56$2,325,307$615,591$347,994$1,580,093
57$2,498,585$581,852$295,748$1,656,157
58$2,687,524$544,446$239,740$1,738,927
59$2,893,659$503,132$179,778$1,829,128
60$3,118,678$457,651$115,666$1,927,562
61$3,364,440$407,732$47,197$2,035,118
62$3,632,990$353,088$0$2,152,781
63$3,926,582$293,416$0$2,284,401
64$4,247,695$228,396$0$2,433,981
65$4,599,061$157,689$0$2,597,841
66$4,983,687$80,937$0$2,777,489
67$5,404,883$0$0$2,974,590
68$5,866,297$0$0$3,191,971
69$6,371,943$0$0$3,469,311
70$6,926,245$0$0$3,773,420
71$7,534,073$0$0$4,106,981
72$8,200,792$0$0$4,472,948
73$8,932,311$0$0$4,874,576
74$9,735,139$0$0$5,315,449
75$10,616,444$0$0$5,799,517
76$11,584,125$0$0$6,331,130
77$12,646,881$0$0$6,915,079
78$13,814,294$0$0$7,556,643
79$15,096,923$0$0$8,261,638
80$16,506,398$0$0$9,036,471
81$18,055,531$0$0$9,888,198
82$19,758,438$0$0$10,824,598
83$21,630,672$0$0$11,854,236
84$23,689,364$0$0$12,986,551
85$25,953,392$0$0$14,231,942
86$28,443,554$0$0$15,601,868
87$31,182,765$0$0$17,108,951
88$34,196,271$0$0$18,767,101
89$37,511,890$0$0$20,591,643
90$41,160,271$0$0$22,599,463
91$45,175,186$0$0$24,809,166
92$49,593,844$0$0$27,241,252
93$54,457,245$0$0$29,918,310
94$59,810,564$0$0$32,865,229
95$65,703,581$0$0$36,109,434
96$72,191,144$0$0$39,681,144
97$79,333,692$0$0$43,613,658
98$87,197,819$0$0$47,943,667
99$95,856,908$0$0$52,711,602
100$105,391,819$0$0$57,962,012