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%12.8%
1 years$63,668$63,101$62,548$62,008$61,481$60,763
2 years$31,519$30,932$30,363$29,812$29,276$28,554
3 years$20,804$20,214$19,647$19,101$18,574$17,869
4 years$15,447$14,860$14,298$13,761$13,247$12,566
5 years$12,234$11,650$11,096$10,570$10,070$9,414
6 years$10,093$9,513$8,967$8,453$7,968$7,338
7 years$8,564$7,989$7,452$6,949$6,480$5,876
8 years$7,418$6,848$6,320$5,830$5,376$4,798
9 years$6,527$5,963$5,443$4,966$4,527$3,975
10 years$5,815$5,256$4,745$4,280$3,858$3,331
11 years$5,232$4,679$4,178$3,725$3,318$2,816
12 years$4,747$4,200$3,708$3,268$2,875$2,398
13 years$4,337$3,795$3,313$2,885$2,507$2,054
14 years$3,986$3,450$2,976$2,561$2,198$1,768
15 years$3,682$3,151$2,687$2,284$1,935$1,528
16 years$3,416$2,891$2,436$2,045$1,710$1,325
17 years$3,182$2,663$2,217$1,837$1,516$1,152
18 years$2,973$2,461$2,024$1,656$1,348$1,005
19 years$2,788$2,280$1,853$1,496$1,202$878
20 years$2,620$2,119$1,700$1,355$1,073$768
21 years$2,469$1,974$1,564$1,230$961$674
22 years$2,332$1,842$1,441$1,118$861$591
23 years$2,207$1,723$1,331$1,018$773$520
24 years$2,093$1,615$1,231$929$695$457
25 years$1,988$1,515$1,140$848$625$403
26 years$1,891$1,424$1,057$776$563$355
27 years$1,801$1,340$982$710$508$313
28 years$1,718$1,263$913$650$458$276
29 years$1,641$1,191$849$596$414$244
30 years$1,569$1,125$791$547$374$215
31 years$1,502$1,064$738$503$338$190
32 years$1,440$1,006$688$462$306$168
33 years$1,381$953$643$425$277$149
34 years$1,325$903$600$391$250$132
35 years$1,274$857$561$360$227$117
36 years$1,225$813$525$331$206$103
37 years$1,178$772$491$305$186$91
38 years$1,135$734$460$281$169$81
39 years$1,093$698$431$260$153$72
40 years$1,054$664$404$239$139$63
41 years$1,017$632$379$221$126$56
42 years$982$602$355$204$114$50
43 years$948$574$334$188$104$44
44 years$916$547$313$174$94$39
45 years$886$521$294$160$86$35
46 years$857$497$276$148$78$31
47 years$829$475$259$137$71$27
48 years$802$453$244$127$64$24
49 years$777$433$229$117$58$21
50 years$753$413$215$108$53$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $771,000, adding $4,038 every year, while hoping to spend $38,453 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: 69/22/9 Blend
39$771,000$771,000$771,000$771,000
40$853,807$812,944$800,994$910,983
41$899,982$811,865$786,913$948,329
42$949,578$809,444$771,072$984,117
43$1,002,903$805,575$753,371$1,022,237
44$1,060,296$800,145$733,706$1,062,910
45$1,122,128$793,034$711,968$1,106,383
46$1,188,809$784,116$688,042$1,152,924
47$1,260,786$773,256$661,810$1,202,835
48$1,338,552$760,312$633,147$1,256,444
49$1,422,649$745,132$601,922$1,314,117
50$1,513,672$727,557$568,000$1,376,257
51$1,612,276$707,417$531,237$1,443,309
52$1,719,180$684,532$491,486$1,515,766
53$1,835,176$658,713$448,590$1,594,171
54$1,961,133$629,760$402,387$1,679,125
55$2,098,010$597,458$352,707$1,771,290
56$2,246,858$561,585$299,374$1,871,398
57$2,408,836$521,902$242,202$1,980,260
58$2,585,219$478,157$180,998$2,098,768
59$2,777,410$430,085$115,560$2,227,910
60$2,986,952$377,405$45,677$2,368,773
61$3,215,545$319,821$0$2,522,563
62$3,465,057$257,019$0$2,693,381
63$3,737,547$188,668$0$2,884,781
64$4,035,282$114,417$0$3,094,015
65$4,360,755$33,899$0$3,322,893
66$4,716,714$0$0$3,573,414
67$5,106,183$0$0$3,860,681
68$5,532,490$0$0$4,184,145
69$5,999,304$0$0$4,538,387
70$6,510,661$0$0$4,926,477
71$7,071,008$0$0$5,351,795
72$7,685,243$0$0$5,818,064
73$8,358,760$0$0$6,329,385
74$9,097,498$0$0$6,890,273
75$9,908,001$0$0$7,505,704
76$10,797,476$0$0$8,181,157
77$11,773,861$0$0$8,922,666
78$12,845,902$0$0$9,736,881
79$14,023,230$0$0$10,631,126
80$15,316,458$0$0$11,613,467
81$16,737,276$0$0$12,692,793
82$18,298,561$0$0$13,878,895
83$20,014,500$0$0$15,182,559
84$21,900,724$0$0$16,615,670
85$23,974,452$0$0$18,191,320
86$26,254,656$0$0$19,923,932
87$28,762,237$0$0$21,829,400
88$31,520,224$0$0$23,925,232
89$34,553,990$0$0$26,230,720
90$37,891,488$0$0$28,767,119
91$41,563,521$0$0$31,557,848
92$45,604,025$0$0$34,628,710
93$50,050,392$0$0$38,008,137
94$54,943,824$0$0$41,727,455
95$60,329,717$0$0$45,821,182
96$66,258,092$0$0$50,327,352
97$72,784,065$0$0$55,287,871
98$79,968,369$0$0$60,748,919
99$87,877,923$0$0$66,761,376
100$96,586,463$0$0$73,381,310