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%14.1%
1 years$63,668$63,101$62,548$62,008$61,481$60,437
2 years$31,519$30,932$30,363$29,812$29,276$28,229
3 years$20,804$20,214$19,647$19,101$18,574$17,554
4 years$15,447$14,860$14,298$13,761$13,247$12,263
5 years$12,234$11,650$11,096$10,570$10,070$9,125
6 years$10,093$9,513$8,967$8,453$7,968$7,063
7 years$8,564$7,989$7,452$6,949$6,480$5,615
8 years$7,418$6,848$6,320$5,830$5,376$4,551
9 years$6,527$5,963$5,443$4,966$4,527$3,741
10 years$5,815$5,256$4,745$4,280$3,858$3,110
11 years$5,232$4,679$4,178$3,725$3,318$2,608
12 years$4,747$4,200$3,708$3,268$2,875$2,203
13 years$4,337$3,795$3,313$2,885$2,507$1,871
14 years$3,986$3,450$2,976$2,561$2,198$1,596
15 years$3,682$3,151$2,687$2,284$1,935$1,367
16 years$3,416$2,891$2,436$2,045$1,710$1,175
17 years$3,182$2,663$2,217$1,837$1,516$1,013
18 years$2,973$2,461$2,024$1,656$1,348$875
19 years$2,788$2,280$1,853$1,496$1,202$757
20 years$2,620$2,119$1,700$1,355$1,073$656
21 years$2,469$1,974$1,564$1,230$961$570
22 years$2,332$1,842$1,441$1,118$861$495
23 years$2,207$1,723$1,331$1,018$773$431
24 years$2,093$1,615$1,231$929$695$375
25 years$1,988$1,515$1,140$848$625$327
26 years$1,891$1,424$1,057$776$563$285
27 years$1,801$1,340$982$710$508$249
28 years$1,718$1,263$913$650$458$218
29 years$1,641$1,191$849$596$414$190
30 years$1,569$1,125$791$547$374$166
31 years$1,502$1,064$738$503$338$145
32 years$1,440$1,006$688$462$306$127
33 years$1,381$953$643$425$277$111
34 years$1,325$903$600$391$250$97
35 years$1,274$857$561$360$227$85
36 years$1,225$813$525$331$206$74
37 years$1,178$772$491$305$186$65
38 years$1,135$734$460$281$169$57
39 years$1,093$698$431$260$153$50
40 years$1,054$664$404$239$139$44
41 years$1,017$632$379$221$126$38
42 years$982$602$355$204$114$34
43 years$948$574$334$188$104$29
44 years$916$547$313$174$94$26
45 years$886$521$294$160$86$23
46 years$857$497$276$148$78$20
47 years$829$475$259$137$71$17
48 years$802$453$244$127$64$15
49 years$777$433$229$117$58$13
50 years$753$413$215$108$53$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $771,000, adding $4,800 every year, while hoping to spend $55,053 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: 72/12/16 Blend
39$771,000$771,000$771,000$771,000
40$854,593$813,730$801,780$912,664
41$883,186$795,027$770,063$933,131
42$912,850$773,562$735,439$948,396
43$943,636$749,142$697,752$963,678
44$975,599$721,563$656,839$978,969
45$1,008,798$690,607$612,531$994,257
46$1,043,293$656,045$564,649$1,009,536
47$1,079,153$617,635$513,009$1,024,797
48$1,116,448$575,120$457,416$1,040,032
49$1,155,255$528,230$397,668$1,055,234
50$1,195,655$476,678$333,554$1,070,398
51$1,237,736$420,160$264,853$1,085,519
52$1,281,594$358,356$191,334$1,100,594
53$1,327,330$290,929$112,757$1,115,621
54$1,375,054$217,521$28,871$1,130,602
55$1,424,885$137,754$0$1,145,540
56$1,476,950$51,231$0$1,170,795
57$1,531,387$0$0$1,201,955
58$1,588,346$0$0$1,239,758
59$1,647,989$0$0$1,286,435
60$1,710,491$0$0$1,335,361
61$1,776,042$0$0$1,386,685
62$1,844,849$0$0$1,440,570
63$1,917,134$0$0$1,497,193
64$1,993,142$0$0$1,556,747
65$2,073,137$0$0$1,619,440
66$2,157,408$0$0$1,685,502
67$2,246,268$0$0$1,755,179
68$2,340,059$0$0$1,828,743
69$2,439,154$0$0$1,906,488
70$2,543,960$0$0$1,988,737
71$2,654,919$0$0$2,075,840
72$2,772,519$0$0$2,168,182
73$2,897,287$0$0$2,266,181
74$3,029,805$0$0$2,370,298
75$3,170,704$0$0$2,481,032
76$3,320,678$0$0$2,598,934
77$3,480,487$0$0$2,724,604
78$3,650,960$0$0$2,858,700
79$3,833,010$0$0$3,001,945
80$4,027,632$0$0$3,155,127
81$4,235,920$0$0$3,319,114
82$4,459,075$0$0$3,494,856
83$4,698,410$0$0$3,683,395
84$4,955,370$0$0$3,885,875
85$5,231,538$0$0$4,103,552
86$5,528,653$0$0$4,337,803
87$5,848,624$0$0$4,590,142
88$6,193,547$0$0$4,862,230
89$6,565,726$0$0$5,155,895
90$6,967,691$0$0$5,473,141
91$7,402,223$0$0$5,816,173
92$7,872,377$0$0$6,187,416
93$8,381,514$0$0$6,589,532
94$8,933,326$0$0$7,025,450
95$9,531,876$0$0$7,498,391
96$10,181,629$0$0$8,011,897
97$10,887,498$0$0$8,569,863
98$11,654,888$0$0$9,176,576
99$12,489,742$0$0$9,836,750
100$13,398,602$0$0$10,555,573