Can I retire at age 40 with 771,000?

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 $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%15.8%
1 years$63,668$63,101$62,548$62,008$61,481$60,019
2 years$31,519$30,932$30,363$29,812$29,276$27,812
3 years$20,804$20,214$19,647$19,101$18,574$17,153
4 years$15,447$14,860$14,298$13,761$13,247$11,881
5 years$12,234$11,650$11,096$10,570$10,070$8,762
6 years$10,093$9,513$8,967$8,453$7,968$6,719
7 years$8,564$7,989$7,452$6,949$6,480$5,291
8 years$7,418$6,848$6,320$5,830$5,376$4,246
9 years$6,527$5,963$5,443$4,966$4,527$3,455
10 years$5,815$5,256$4,745$4,280$3,858$2,843
11 years$5,232$4,679$4,178$3,725$3,318$2,358
12 years$4,747$4,200$3,708$3,268$2,875$1,970
13 years$4,337$3,795$3,313$2,885$2,507$1,654
14 years$3,986$3,450$2,976$2,561$2,198$1,395
15 years$3,682$3,151$2,687$2,284$1,935$1,181
16 years$3,416$2,891$2,436$2,045$1,710$1,003
17 years$3,182$2,663$2,217$1,837$1,516$854
18 years$2,973$2,461$2,024$1,656$1,348$728
19 years$2,788$2,280$1,853$1,496$1,202$622
20 years$2,620$2,119$1,700$1,355$1,073$533
21 years$2,469$1,974$1,564$1,230$961$457
22 years$2,332$1,842$1,441$1,118$861$392
23 years$2,207$1,723$1,331$1,018$773$336
24 years$2,093$1,615$1,231$929$695$289
25 years$1,988$1,515$1,140$848$625$249
26 years$1,891$1,424$1,057$776$563$214
27 years$1,801$1,340$982$710$508$184
28 years$1,718$1,263$913$650$458$159
29 years$1,641$1,191$849$596$414$137
30 years$1,569$1,125$791$547$374$118
31 years$1,502$1,064$738$503$338$102
32 years$1,440$1,006$688$462$306$88
33 years$1,381$953$643$425$277$76
34 years$1,325$903$600$391$250$65
35 years$1,274$857$561$360$227$56
36 years$1,225$813$525$331$206$48
37 years$1,178$772$491$305$186$42
38 years$1,135$734$460$281$169$36
39 years$1,093$698$431$260$153$31
40 years$1,054$664$404$239$139$27
41 years$1,017$632$379$221$126$23
42 years$982$602$355$204$114$20
43 years$948$574$334$188$104$17
44 years$916$547$313$174$94$15
45 years$886$521$294$160$86$13
46 years$857$497$276$148$78$11
47 years$829$475$259$137$71$10
48 years$802$453$244$127$64$8
49 years$777$433$229$117$58$7
50 years$753$413$215$108$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $771,000, adding $3,779 every year, while hoping to spend $44,158 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: 33/38/29 Blend
39$771,000$771,000$771,000$771,000
40$853,540$812,677$800,727$874,096
41$893,617$805,514$780,567$882,927
42$936,303$796,521$758,252$888,269
43$981,815$785,560$733,663$893,176
44$1,030,395$772,487$706,676$897,641
45$1,082,306$757,150$677,160$901,659
46$1,137,836$739,385$644,980$905,231
47$1,197,303$719,022$609,994$908,361
48$1,261,052$695,879$572,053$911,057
49$1,329,465$669,762$531,002$913,336
50$1,402,959$640,469$486,680$915,219
51$1,481,992$607,784$438,916$916,738
52$1,567,070$571,480$387,533$917,930
53$1,658,743$531,314$332,348$918,847
54$1,757,620$487,034$273,167$919,549
55$1,864,367$438,369$209,788$920,111
56$1,979,718$385,034$142,001$920,625
57$2,104,478$326,730$69,587$921,196
58$2,239,533$263,137$0$921,952
59$2,385,855$193,921$0$925,422
60$2,544,517$118,727$0$952,532
61$2,716,693$37,181$0$982,006
62$2,903,680$0$0$1,014,155
63$3,106,901$0$0$1,070,705
64$3,327,922$0$0$1,149,218
65$3,568,467$0$0$1,234,773
66$3,830,432$0$0$1,328,057
67$4,115,904$0$0$1,429,826
68$4,427,180$0$0$1,540,916
69$4,766,786$0$0$1,662,241
70$5,137,505$0$0$1,794,812
71$5,542,400$0$0$1,939,741
72$5,984,841$0$0$2,098,252
73$6,468,540$0$0$2,271,690
74$6,997,584$0$0$2,461,542
75$7,576,472$0$0$2,669,439
76$8,210,158$0$0$2,897,182
77$8,904,098$0$0$3,146,752
78$9,664,300$0$0$3,420,331
79$10,497,380$0$0$3,720,322
80$11,410,624$0$0$4,049,372
81$12,412,059$0$0$4,410,397
82$13,510,523$0$0$4,806,608
83$14,715,752$0$0$5,241,542
84$16,038,469$0$0$5,719,097
85$17,490,488$0$0$6,243,565
86$19,084,819$0$0$6,819,673
87$20,835,797$0$0$7,452,631
88$22,759,211$0$0$8,148,177
89$24,872,455$0$0$8,912,634
90$27,194,692$0$0$9,752,966
91$29,747,033$0$0$10,676,845
92$32,552,734$0$0$11,692,726
93$35,637,419$0$0$12,809,922
94$39,029,318$0$0$14,038,696
95$42,759,532$0$0$15,390,352
96$46,862,328$0$0$16,877,349
97$51,375,462$0$0$18,513,410
98$56,340,530$0$0$20,313,658
99$61,803,365$0$0$22,294,756
100$67,814,467$0$0$24,475,062