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%17.3%
1 years$63,586$63,019$62,467$61,928$61,401$59,579
2 years$31,478$30,892$30,324$29,773$29,239$27,418
3 years$20,777$20,188$19,621$19,076$18,550$16,788
4 years$15,427$14,840$14,279$13,743$13,230$11,540
5 years$12,219$11,635$11,081$10,556$10,057$8,444
6 years$10,080$9,501$8,955$8,442$7,958$6,422
7 years$8,553$7,979$7,442$6,940$6,472$5,014
8 years$7,408$6,839$6,311$5,822$5,369$3,989
9 years$6,519$5,955$5,436$4,959$4,522$3,217
10 years$5,807$5,249$4,739$4,275$3,853$2,622
11 years$5,225$4,673$4,172$3,720$3,313$2,154
12 years$4,741$4,194$3,703$3,263$2,871$1,782
13 years$4,331$3,790$3,308$2,881$2,504$1,481
14 years$3,981$3,445$2,972$2,557$2,195$1,236
15 years$3,677$3,147$2,684$2,281$1,933$1,036
16 years$3,411$2,888$2,433$2,042$1,708$870
17 years$3,177$2,659$2,214$1,835$1,514$733
18 years$2,970$2,457$2,021$1,654$1,347$618
19 years$2,784$2,277$1,850$1,494$1,200$522
20 years$2,617$2,116$1,698$1,353$1,072$442
21 years$2,466$1,971$1,562$1,228$959$374
22 years$2,329$1,840$1,440$1,117$860$318
23 years$2,204$1,721$1,329$1,017$772$269
24 years$2,090$1,612$1,229$928$694$229
25 years$1,985$1,513$1,139$847$624$194
26 years$1,888$1,422$1,056$775$562$165
27 years$1,799$1,338$981$709$507$141
28 years$1,716$1,261$912$650$457$120
29 years$1,639$1,190$848$596$413$102
30 years$1,567$1,124$790$547$373$87
31 years$1,500$1,062$737$502$337$74
32 years$1,438$1,005$687$461$305$63
33 years$1,379$952$642$424$276$54
34 years$1,324$902$600$390$250$46
35 years$1,272$856$561$359$227$39
36 years$1,223$812$524$331$205$33
37 years$1,177$771$491$305$186$28
38 years$1,133$733$460$281$169$24
39 years$1,092$697$431$259$153$20
40 years$1,053$663$404$239$139$17
41 years$1,016$631$378$221$126$15
42 years$980$601$355$204$114$13
43 years$947$573$333$188$104$11
44 years$915$546$313$173$94$9
45 years$884$521$294$160$85$8
46 years$855$497$276$148$78$7
47 years$828$474$259$137$70$6
48 years$801$453$243$126$64$5
49 years$776$432$229$117$58$4
50 years$752$413$215$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $770,000, adding $6,313 every year, while hoping to spend $42,596 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: 79/10/11 Blend
39$770,000$770,000$770,000$770,000
40$855,052$814,242$802,307$920,435
41$896,945$808,818$783,862$958,862
42$941,684$801,701$763,372$994,862
43$989,514$792,762$740,723$1,033,121
44$1,040,703$781,866$715,796$1,073,844
45$1,095,547$768,870$688,468$1,117,259
46$1,154,369$753,620$658,607$1,163,618
47$1,217,523$735,956$626,079$1,213,197
48$1,285,400$715,707$590,742$1,266,301
49$1,358,426$692,692$552,447$1,323,266
50$1,437,071$666,720$511,040$1,384,464
51$1,521,851$637,588$466,358$1,450,305
52$1,613,332$605,081$418,233$1,521,238
53$1,712,135$568,974$366,487$1,597,763
54$1,818,945$529,026$310,937$1,680,429
55$1,934,513$484,984$251,389$1,769,841
56$2,059,665$436,580$187,642$1,866,668
57$2,195,310$383,531$119,487$1,971,646
58$2,342,445$325,537$46,703$2,085,591
59$2,502,169$262,283$0$2,209,397
60$2,675,690$193,435$0$2,347,690
61$2,864,337$118,640$0$2,504,013
62$3,069,571$37,525$0$2,674,112
63$3,293,001$0$0$2,859,345
64$3,536,396$0$0$3,066,745
65$3,801,703$0$0$3,297,340
66$4,091,067$0$0$3,548,865
67$4,406,847$0$0$3,823,375
68$4,751,638$0$0$4,123,130
69$5,128,299$0$0$4,450,617
70$5,539,978$0$0$4,808,576
71$5,990,139$0$0$5,200,023
72$6,482,596$0$0$5,628,278
73$7,021,551$0$0$6,096,997
74$7,611,626$0$0$6,610,207
75$8,257,917$0$0$7,172,341
76$8,966,031$0$0$7,788,280
77$9,742,146$0$0$8,463,403
78$10,593,065$0$0$9,203,632
79$11,526,279$0$0$10,015,488
80$12,550,043$0$0$10,906,155
81$13,673,444$0$0$11,883,547
82$14,906,497$0$0$12,956,379
83$16,260,229$0$0$14,134,252
84$17,746,790$0$0$15,427,742
85$19,379,562$0$0$16,848,500
86$21,173,289$0$0$18,409,360
87$23,144,213$0$0$20,124,460
88$25,310,225$0$0$22,009,378
89$27,691,037$0$0$24,081,271
90$30,308,365$0$0$26,359,047
91$33,186,136$0$0$28,863,532
92$36,350,709$0$0$31,617,674
93$39,831,124$0$0$34,646,756
94$43,659,381$0$0$37,978,633
95$47,870,732$0$0$41,643,995
96$52,504,021$0$0$45,676,657
97$57,602,046$0$0$50,113,878
98$63,211,961$0$0$54,996,709
99$69,385,725$0$0$60,370,382
100$76,180,586$0$0$66,284,736