Can I retire at age 40 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$63,834$63,265$62,710$62,169$61,640$60,644
2 years$31,601$31,012$30,442$29,889$29,352$28,352
3 years$20,858$20,267$19,698$19,150$18,622$17,648
4 years$15,488$14,898$14,335$13,797$13,282$12,341
5 years$12,266$11,680$11,125$10,597$10,096$9,193
6 years$10,119$9,538$8,990$8,475$7,989$7,123
7 years$8,586$8,010$7,471$6,967$6,497$5,669
8 years$7,437$6,866$6,336$5,845$5,390$4,600
9 years$6,544$5,978$5,457$4,978$4,539$3,786
10 years$5,830$5,269$4,758$4,291$3,868$3,151
11 years$5,246$4,691$4,189$3,735$3,326$2,646
12 years$4,759$4,210$3,717$3,276$2,882$2,237
13 years$4,348$3,805$3,321$2,892$2,514$1,903
14 years$3,996$3,459$2,984$2,567$2,203$1,626
15 years$3,691$3,160$2,694$2,290$1,940$1,395
16 years$3,425$2,899$2,443$2,050$1,715$1,200
17 years$3,190$2,670$2,223$1,842$1,520$1,036
18 years$2,981$2,467$2,029$1,660$1,352$896
19 years$2,795$2,286$1,858$1,500$1,205$776
20 years$2,627$2,125$1,705$1,359$1,076$674
21 years$2,476$1,979$1,568$1,233$963$586
22 years$2,338$1,847$1,445$1,121$863$510
23 years$2,213$1,728$1,334$1,021$775$445
24 years$2,098$1,619$1,234$931$697$388
25 years$1,993$1,519$1,143$850$627$339
26 years$1,896$1,428$1,060$778$565$296
27 years$1,806$1,344$984$712$509$259
28 years$1,723$1,266$915$652$459$226
29 years$1,646$1,194$852$598$415$198
30 years$1,573$1,128$793$549$375$173
31 years$1,506$1,066$739$504$339$152
32 years$1,443$1,009$690$463$306$133
33 years$1,384$956$644$426$277$117
34 years$1,329$906$602$392$251$102
35 years$1,277$859$563$361$227$90
36 years$1,228$815$526$332$206$79
37 years$1,181$774$493$306$187$69
38 years$1,138$736$461$282$169$60
39 years$1,096$700$432$260$154$53
40 years$1,057$666$405$240$139$46
41 years$1,020$634$380$221$126$41
42 years$984$604$356$204$115$36
43 years$950$575$334$189$104$31
44 years$918$548$314$174$94$28
45 years$888$523$295$161$86$24
46 years$859$499$277$149$78$21
47 years$831$476$260$137$71$19
48 years$804$454$244$127$64$16
49 years$779$434$230$117$58$14
50 years$755$414$216$108$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $773,000, adding $4,497 every year, while hoping to spend $56,725 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: 48/33/19 Blend
39$773,000$773,000$773,000$773,000
40$856,485$815,516$803,534$892,808
41$883,491$795,121$770,098$898,114
42$911,351$771,826$733,640$897,763
43$940,092$745,428$693,999$896,184
44$969,741$715,714$651,008$893,284
45$1,000,328$682,457$604,491$888,966
46$1,031,882$645,419$554,262$883,126
47$1,064,436$604,345$500,131$875,656
48$1,098,019$558,969$441,896$866,441
49$1,132,666$509,008$379,349$855,359
50$1,168,410$454,161$312,269$842,282
51$1,205,287$394,114$240,429$827,075
52$1,243,332$328,532$163,590$809,594
53$1,282,585$257,063$81,502$789,688
54$1,323,082$179,333$0$767,199
55$1,364,865$94,949$0$743,193
56$1,407,975$3,495$0$733,972
57$1,452,455$0$0$722,864
58$1,498,349$0$0$744,400
59$1,545,704$0$0$767,931
60$1,594,566$0$0$792,212
61$1,644,984$0$0$817,267
62$1,697,010$0$0$843,122
63$1,750,697$0$0$869,802
64$1,806,098$0$0$897,335
65$1,863,270$0$0$925,750
66$1,922,271$0$0$955,074
67$1,983,163$0$0$985,339
68$2,046,007$0$0$1,016,575
69$2,110,869$0$0$1,048,815
70$2,177,816$0$0$1,082,094
71$2,246,919$0$0$1,116,445
72$2,318,249$0$0$1,151,905
73$2,391,883$0$0$1,188,512
74$2,467,898$0$0$1,226,305
75$2,546,377$0$0$1,265,325
76$2,627,402$0$0$1,305,614
77$2,711,063$0$0$1,347,215
78$2,797,451$0$0$1,390,176
79$2,886,661$0$0$1,434,543
80$2,978,793$0$0$1,480,367
81$3,073,949$0$0$1,527,699
82$3,172,238$0$0$1,576,594
83$3,273,771$0$0$1,627,107
84$3,378,667$0$0$1,679,298
85$3,487,048$0$0$1,733,229
86$3,599,042$0$0$1,788,964
87$3,714,784$0$0$1,846,571
88$3,834,413$0$0$1,906,121
89$3,958,077$0$0$1,967,687
90$4,085,931$0$0$2,031,348
91$4,218,135$0$0$2,097,185
92$4,354,861$0$0$2,165,286
93$4,496,286$0$0$2,235,739
94$4,642,600$0$0$2,308,640
95$4,794,000$0$0$2,384,091
96$4,950,696$0$0$2,462,197
97$5,112,907$0$0$2,543,070
98$5,280,866$0$0$2,626,828
99$5,454,821$0$0$2,713,597
100$5,635,031$0$0$2,803,509