Can I retire at age 40 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$63,916$63,347$62,791$62,249$61,720$61,126
2 years$31,642$31,052$30,481$29,928$29,390$28,792
3 years$20,885$20,293$19,723$19,175$18,646$18,063
4 years$15,508$14,918$14,354$13,814$13,299$12,734
5 years$12,282$11,696$11,139$10,611$10,110$9,565
6 years$10,132$9,550$9,002$8,486$7,999$7,475
7 years$8,597$8,020$7,481$6,976$6,506$6,003
8 years$7,447$6,875$6,344$5,852$5,397$4,916
9 years$6,552$5,986$5,464$4,985$4,545$4,085
10 years$5,837$5,276$4,764$4,297$3,873$3,433
11 years$5,253$4,697$4,194$3,740$3,331$2,911
12 years$4,766$4,216$3,722$3,280$2,886$2,487
13 years$4,354$3,810$3,325$2,896$2,517$2,137
14 years$4,001$3,463$2,988$2,571$2,206$1,846
15 years$3,696$3,164$2,698$2,293$1,943$1,600
16 years$3,429$2,903$2,446$2,053$1,717$1,393
17 years$3,194$2,673$2,226$1,844$1,522$1,216
18 years$2,985$2,470$2,032$1,662$1,354$1,064
19 years$2,798$2,289$1,860$1,502$1,206$933
20 years$2,631$2,127$1,707$1,360$1,078$819
21 years$2,479$1,981$1,570$1,235$964$721
22 years$2,341$1,850$1,447$1,122$864$635
23 years$2,216$1,730$1,336$1,022$776$561
24 years$2,101$1,621$1,236$932$697$495
25 years$1,995$1,521$1,144$851$628$438
26 years$1,898$1,430$1,061$779$565$387
27 years$1,808$1,345$986$713$510$343
28 years$1,725$1,268$916$653$460$304
29 years$1,648$1,196$853$599$415$269
30 years$1,576$1,129$794$550$375$239
31 years$1,508$1,068$740$505$339$212
32 years$1,445$1,010$691$464$307$188
33 years$1,386$957$645$427$278$167
34 years$1,331$907$603$392$251$148
35 years$1,278$860$563$361$228$132
36 years$1,229$816$527$333$206$117
37 years$1,183$775$493$307$187$104
38 years$1,139$737$462$283$170$93
39 years$1,098$701$433$261$154$82
40 years$1,058$667$406$240$139$73
41 years$1,021$635$380$222$127$65
42 years$985$604$357$205$115$58
43 years$952$576$335$189$104$52
44 years$920$549$314$174$95$46
45 years$889$523$295$161$86$41
46 years$860$499$277$149$78$36
47 years$832$476$260$137$71$32
48 years$805$455$245$127$64$29
49 years$780$434$230$117$58$26
50 years$756$415$216$108$53$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $774,000, adding $5,043 every year, while hoping to spend $22,147 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: 32/48/20 Blend
39$774,000$774,000$774,000$774,000
40$858,150$817,128$805,131$880,152
41$922,117$833,603$808,539$913,517
42$991,866$850,143$811,318$947,063
43$1,067,965$866,728$813,425$982,733
44$1,151,035$883,335$814,813$1,020,726
45$1,241,764$899,942$815,432$1,061,261
46$1,340,907$916,523$815,233$1,104,583
47$1,449,296$933,049$814,159$1,150,959
48$1,567,846$949,490$812,156$1,200,686
49$1,697,566$965,815$809,163$1,254,089
50$1,839,567$981,989$805,119$1,311,532
51$1,995,070$997,974$799,957$1,373,412
52$2,165,423$1,013,730$793,611$1,440,171
53$2,352,107$1,029,213$786,008$1,512,294
54$2,556,756$1,044,379$777,074$1,590,318
55$2,781,168$1,059,177$766,729$1,674,838
56$3,027,325$1,073,554$754,892$1,766,507
57$3,297,408$1,087,454$741,477$1,866,049
58$3,593,820$1,100,816$726,392$1,974,262
59$3,919,208$1,113,574$709,545$2,092,028
60$4,276,489$1,125,661$690,837$2,220,320
61$4,668,874$1,137,002$670,163$2,360,212
62$5,099,903$1,147,518$647,417$2,512,890
63$5,573,472$1,157,126$622,485$2,679,664
64$6,093,877$1,165,736$595,249$2,861,977
65$6,665,849$1,173,254$565,586$3,061,426
66$7,294,599$1,179,577$533,367$3,279,771
67$7,985,870$1,184,598$498,457$3,518,955
68$8,745,989$1,188,203$460,714$3,781,121
69$9,581,924$1,190,269$419,993$4,068,636
70$10,501,356$1,190,668$376,138$4,384,112
71$11,512,745$1,189,262$328,990$4,730,430
72$12,625,414$1,185,904$278,380$5,110,768
73$13,849,634$1,180,441$224,133$5,528,635
74$15,196,722$1,172,708$166,067$5,987,902
75$16,679,147$1,162,530$103,990$6,492,838
76$18,310,649$1,149,723$37,702$7,048,154
77$20,106,366$1,134,090$0$7,659,048
78$22,082,979$1,115,424$0$8,338,302
79$24,258,868$1,093,506$0$9,094,235
80$26,654,286$1,068,101$0$9,925,816
81$29,291,549$1,038,963$0$10,840,791
82$32,195,246$1,005,831$0$11,847,699
83$35,392,472$968,429$0$12,955,955
84$38,913,085$926,462$0$14,175,941
85$42,789,984$879,623$0$15,519,101
86$47,059,422$827,584$0$16,998,054
87$51,761,344$769,997$0$18,626,713
88$56,939,772$706,497$0$20,420,416
89$62,643,210$636,697$0$22,396,072
90$68,925,110$560,188$0$24,572,324
91$75,844,371$476,537$0$26,969,724
92$83,465,897$385,288$0$29,610,930
93$91,861,209$285,957$0$32,520,918
94$101,109,119$178,035$0$35,727,225
95$111,296,475$60,985$0$39,260,205
96$122,518,979$0$0$43,153,318
97$134,882,092$0$0$47,478,189
98$148,502,027$0$0$52,278,394
99$163,506,847$0$0$57,566,879
100$180,037,674$0$0$63,393,407