Can I retire at age 40 with 771,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $771,000?

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 years$63,668$63,101$62,548$62,008$61,481$60,215
2 years$31,519$30,932$30,363$29,812$29,276$28,007
3 years$20,804$20,214$19,647$19,101$18,574$17,340
4 years$15,447$14,860$14,298$13,761$13,247$12,059
5 years$12,234$11,650$11,096$10,570$10,070$8,931
6 years$10,093$9,513$8,967$8,453$7,968$6,879
7 years$8,564$7,989$7,452$6,949$6,480$5,441
8 years$7,418$6,848$6,320$5,830$5,376$4,387
9 years$6,527$5,963$5,443$4,966$4,527$3,587
10 years$5,815$5,256$4,745$4,280$3,858$2,966
11 years$5,232$4,679$4,178$3,725$3,318$2,473
12 years$4,747$4,200$3,708$3,268$2,875$2,076
13 years$4,337$3,795$3,313$2,885$2,507$1,753
14 years$3,986$3,450$2,976$2,561$2,198$1,487
15 years$3,682$3,151$2,687$2,284$1,935$1,266
16 years$3,416$2,891$2,436$2,045$1,710$1,081
17 years$3,182$2,663$2,217$1,837$1,516$925
18 years$2,973$2,461$2,024$1,656$1,348$794
19 years$2,788$2,280$1,853$1,496$1,202$683
20 years$2,620$2,119$1,700$1,355$1,073$588
21 years$2,469$1,974$1,564$1,230$961$507
22 years$2,332$1,842$1,441$1,118$861$438
23 years$2,207$1,723$1,331$1,018$773$378
24 years$2,093$1,615$1,231$929$695$327
25 years$1,988$1,515$1,140$848$625$283
26 years$1,891$1,424$1,057$776$563$245
27 years$1,801$1,340$982$710$508$212
28 years$1,718$1,263$913$650$458$184
29 years$1,641$1,191$849$596$414$160
30 years$1,569$1,125$791$547$374$139
31 years$1,502$1,064$738$503$338$120
32 years$1,440$1,006$688$462$306$104
33 years$1,381$953$643$425$277$91
34 years$1,325$903$600$391$250$79
35 years$1,274$857$561$360$227$68
36 years$1,225$813$525$331$206$59
37 years$1,178$772$491$305$186$52
38 years$1,135$734$460$281$169$45
39 years$1,093$698$431$260$153$39
40 years$1,054$664$404$239$139$34
41 years$1,017$632$379$221$126$29
42 years$982$602$355$204$114$26
43 years$948$574$334$188$104$22
44 years$916$547$313$174$94$19
45 years$886$521$294$160$86$17
46 years$857$497$276$148$78$15
47 years$829$475$259$137$71$13
48 years$802$453$244$127$64$11
49 years$777$433$229$117$58$10
50 years$753$413$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 $771,000, adding $6,656 every year, while hoping to spend $36,409 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: 58/21/21 Blend
39$771,000$771,000$771,000$771,000
40$856,508$815,645$803,694$901,028
41$905,133$816,872$791,879$933,302
42$957,497$816,940$778,448$963,964
43$1,013,944$815,752$763,308$996,591
44$1,074,850$813,208$746,362$1,031,381
45$1,140,629$809,199$727,510$1,068,552
46$1,211,736$803,613$706,645$1,108,348
47$1,288,671$796,328$683,655$1,151,036
48$1,371,984$787,217$658,426$1,196,916
49$1,462,278$776,142$630,835$1,246,317
50$1,560,219$762,961$600,757$1,299,604
51$1,666,536$747,522$568,057$1,357,183
52$1,782,034$729,661$532,598$1,419,502
53$1,907,596$709,209$494,235$1,487,056
54$2,044,195$685,985$452,816$1,560,394
55$2,192,901$659,796$408,183$1,640,125
56$2,354,891$630,440$360,171$1,726,919
57$2,531,461$597,702$308,608$1,821,522
58$2,724,036$561,356$253,313$1,924,754
59$2,934,187$521,162$194,098$2,037,526
60$3,163,641$476,866$130,767$2,160,844
61$3,414,299$428,199$63,115$2,295,819
62$3,688,256$374,879$0$2,443,681
63$3,987,815$316,605$0$2,607,825
64$4,315,516$253,062$0$2,802,941
65$4,674,151$183,915$0$3,016,584
66$5,066,799$108,811$0$3,250,642
67$5,496,846$27,377$0$3,507,200
68$5,968,026$0$0$3,788,555
69$6,484,447$0$0$4,111,287
70$7,050,635$0$0$4,472,122
71$7,671,574$0$0$4,867,920
72$8,352,755$0$0$5,302,187
73$9,100,225$0$0$5,778,788
74$9,920,644$0$0$6,301,979
75$10,821,351$0$0$6,876,450
76$11,810,427$0$0$7,507,364
77$12,896,776$0$0$8,200,410
78$14,090,205$0$0$8,961,858
79$15,401,520$0$0$9,798,611
80$16,842,623$0$0$10,718,275
81$18,426,629$0$0$11,729,232
82$20,167,984$0$0$12,840,715
83$22,082,605$0$0$14,062,893
84$24,188,028$0$0$15,406,976
85$26,503,574$0$0$16,885,309
86$29,050,530$0$0$18,511,498
87$31,852,348$0$0$20,300,530
88$34,934,869$0$0$22,268,920
89$38,326,565$0$0$24,434,865
90$42,058,807$0$0$26,818,414
91$46,166,159$0$0$29,441,657
92$50,686,709$0$0$32,328,935
93$55,662,420$0$0$35,507,069
94$61,139,532$0$0$39,005,611
95$67,168,995$0$0$42,857,124
96$73,806,950$0$0$47,097,489
97$81,115,258$0$0$51,766,243
98$89,162,084$0$0$56,906,952
99$98,022,537$0$0$62,567,620
100$107,779,383$0$0$68,801,145