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%16.3%
1 years$63,834$63,265$62,710$62,169$61,640$60,053
2 years$31,601$31,012$30,442$29,889$29,352$27,764
3 years$20,858$20,267$19,698$19,150$18,622$17,082
4 years$15,488$14,898$14,335$13,797$13,282$11,801
5 years$12,266$11,680$11,125$10,597$10,096$8,681
6 years$10,119$9,538$8,990$8,475$7,989$6,639
7 years$8,586$8,010$7,471$6,967$6,497$5,213
8 years$7,437$6,866$6,336$5,845$5,390$4,171
9 years$6,544$5,978$5,457$4,978$4,539$3,384
10 years$5,830$5,269$4,758$4,291$3,868$2,775
11 years$5,246$4,691$4,189$3,735$3,326$2,295
12 years$4,759$4,210$3,717$3,276$2,882$1,911
13 years$4,348$3,805$3,321$2,892$2,514$1,599
14 years$3,996$3,459$2,984$2,567$2,203$1,344
15 years$3,691$3,160$2,694$2,290$1,940$1,134
16 years$3,425$2,899$2,443$2,050$1,715$960
17 years$3,190$2,670$2,223$1,842$1,520$814
18 years$2,981$2,467$2,029$1,660$1,352$692
19 years$2,795$2,286$1,858$1,500$1,205$589
20 years$2,627$2,125$1,705$1,359$1,076$502
21 years$2,476$1,979$1,568$1,233$963$429
22 years$2,338$1,847$1,445$1,121$863$366
23 years$2,213$1,728$1,334$1,021$775$313
24 years$2,098$1,619$1,234$931$697$268
25 years$1,993$1,519$1,143$850$627$230
26 years$1,896$1,428$1,060$778$565$197
27 years$1,806$1,344$984$712$509$169
28 years$1,723$1,266$915$652$459$145
29 years$1,646$1,194$852$598$415$124
30 years$1,573$1,128$793$549$375$107
31 years$1,506$1,066$739$504$339$92
32 years$1,443$1,009$690$463$306$79
33 years$1,384$956$644$426$277$68
34 years$1,329$906$602$392$251$58
35 years$1,277$859$563$361$227$50
36 years$1,228$815$526$332$206$43
37 years$1,181$774$493$306$187$37
38 years$1,138$736$461$282$169$32
39 years$1,096$700$432$260$154$27
40 years$1,057$666$405$240$139$23
41 years$1,020$634$380$221$126$20
42 years$984$604$356$204$115$17
43 years$950$575$334$189$104$15
44 years$918$548$314$174$94$13
45 years$888$523$295$161$86$11
46 years$859$499$277$149$78$9
47 years$831$476$260$137$71$8
48 years$804$454$244$127$64$7
49 years$779$434$230$117$58$6
50 years$755$414$216$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $773,000, adding $3,675 every year, while hoping to spend $59,145 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: 50/35/15 Blend
39$773,000$773,000$773,000$773,000
40$855,637$814,668$802,686$894,720
41$879,982$791,657$766,646$898,981
42$904,828$765,536$727,417$897,144
43$930,164$736,090$684,829$893,841
44$955,974$703,093$638,704$888,951
45$982,242$666,303$588,859$882,349
46$1,008,945$625,466$535,101$873,900
47$1,036,057$580,313$477,226$863,458
48$1,063,547$530,560$415,025$850,870
49$1,091,377$475,907$348,277$835,971
50$1,119,506$416,034$276,753$818,586
51$1,147,884$350,608$200,212$798,527
52$1,176,452$279,272$118,404$775,593
53$1,205,147$201,653$31,067$749,570
54$1,233,893$117,355$0$720,230
55$1,262,604$25,959$0$697,274
56$1,291,183$0$0$676,447
57$1,319,521$0$0$680,646
58$1,347,493$0$0$694,597
59$1,374,960$0$0$708,223
60$1,401,765$0$0$721,437
61$1,427,730$0$0$734,139
62$1,452,657$0$0$746,219
63$1,476,325$0$0$757,553
64$1,498,486$0$0$768,003
65$1,518,861$0$0$777,413
66$1,537,142$0$0$785,612
67$1,552,983$0$0$792,408
68$1,566,000$0$0$797,587
69$1,575,766$0$0$800,912
70$1,581,803$0$0$802,117
71$1,583,583$0$0$800,910
72$1,580,519$0$0$796,965
73$1,571,958$0$0$789,920
74$1,557,175$0$0$779,374
75$1,535,369$0$0$764,881
76$1,505,648$0$0$745,950
77$1,467,026$0$0$722,034
78$1,418,410$0$0$692,529
79$1,358,591$0$0$656,764
80$1,286,228$0$0$614,000
81$1,199,840$0$0$563,417
82$1,097,787$0$0$504,108
83$978,254$0$0$435,071
84$839,236$0$0$355,198
85$678,516$0$0$263,264
86$493,644$0$0$157,916
87$281,912$0$0$37,657
88$40,326$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0