Can I retire at age 40 with 774,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$63,916$63,347$62,791$62,249$61,720$59,985
2 years$31,642$31,052$30,481$29,928$29,390$27,655
3 years$20,885$20,293$19,723$19,175$18,646$16,966
4 years$15,508$14,918$14,354$13,814$13,299$11,686
5 years$12,282$11,696$11,139$10,611$10,110$8,569
6 years$10,132$9,550$9,002$8,486$7,999$6,532
7 years$8,597$8,020$7,481$6,976$6,506$5,111
8 years$7,447$6,875$6,344$5,852$5,397$4,075
9 years$6,552$5,986$5,464$4,985$4,545$3,295
10 years$5,837$5,276$4,764$4,297$3,873$2,692
11 years$5,253$4,697$4,194$3,740$3,331$2,218
12 years$4,766$4,216$3,722$3,280$2,886$1,839
13 years$4,354$3,810$3,325$2,896$2,517$1,533
14 years$4,001$3,463$2,988$2,571$2,206$1,283
15 years$3,696$3,164$2,698$2,293$1,943$1,078
16 years$3,429$2,903$2,446$2,053$1,717$908
17 years$3,194$2,673$2,226$1,844$1,522$767
18 years$2,985$2,470$2,032$1,662$1,354$649
19 years$2,798$2,289$1,860$1,502$1,206$550
20 years$2,631$2,127$1,707$1,360$1,078$467
21 years$2,479$1,981$1,570$1,235$964$397
22 years$2,341$1,850$1,447$1,122$864$337
23 years$2,216$1,730$1,336$1,022$776$287
24 years$2,101$1,621$1,236$932$697$245
25 years$1,995$1,521$1,144$851$628$209
26 years$1,898$1,430$1,061$779$565$178
27 years$1,808$1,345$986$713$510$152
28 years$1,725$1,268$916$653$460$130
29 years$1,648$1,196$853$599$415$111
30 years$1,576$1,129$794$550$375$95
31 years$1,508$1,068$740$505$339$81
32 years$1,445$1,010$691$464$307$69
33 years$1,386$957$645$427$278$59
34 years$1,331$907$603$392$251$50
35 years$1,278$860$563$361$228$43
36 years$1,229$816$527$333$206$37
37 years$1,183$775$493$307$187$31
38 years$1,139$737$462$283$170$27
39 years$1,098$701$433$261$154$23
40 years$1,058$667$406$240$139$20
41 years$1,021$635$380$222$127$17
42 years$985$604$357$205$115$14
43 years$952$576$335$189$104$12
44 years$920$549$314$174$95$11
45 years$889$523$295$161$86$9
46 years$860$499$277$149$78$8
47 years$832$476$260$137$71$7
48 years$805$455$245$127$64$6
49 years$780$434$230$117$58$5
50 years$756$415$216$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $774,000, adding $5,459 every year, while hoping to spend $42,366 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: 63/7/30 Blend
39$774,000$774,000$774,000$774,000
40$858,579$817,557$805,560$905,436
41$901,077$812,540$787,469$932,906
42$946,490$805,858$767,352$957,816
43$995,070$797,383$745,097$984,135
44$1,047,095$786,982$720,585$1,012,007
45$1,102,867$774,514$693,694$1,041,596
46$1,162,722$759,826$664,294$1,073,082
47$1,227,023$742,761$632,252$1,106,664
48$1,296,172$723,150$597,425$1,142,567
49$1,370,611$700,813$559,668$1,181,037
50$1,450,822$675,562$518,826$1,222,349
51$1,537,339$647,197$474,739$1,266,808
52$1,630,743$615,506$427,239$1,314,751
53$1,731,677$580,264$376,150$1,366,553
54$1,840,847$541,235$321,289$1,422,630
55$1,959,027$498,169$262,466$1,483,442
56$2,087,069$450,801$199,480$1,549,500
57$2,225,911$398,851$132,123$1,621,369
58$2,376,582$342,023$60,178$1,699,676
59$2,540,215$280,005$0$1,785,113
60$2,718,058$212,466$0$1,883,763
61$2,911,482$139,058$0$2,012,064
62$3,121,994$59,413$0$2,151,753
63$3,351,255$0$0$2,303,952
64$3,601,091$0$0$2,471,968
65$3,873,513$0$0$2,660,214
66$4,170,733$0$0$2,865,648
67$4,495,187$0$0$3,089,960
68$4,849,554$0$0$3,335,011
69$5,236,786$0$0$3,602,848
70$5,660,132$0$0$3,895,726
71$6,123,169$0$0$4,216,126
72$6,629,836$0$0$4,566,784
73$7,184,468$0$0$4,950,708
74$7,791,843$0$0$5,371,212
75$8,457,218$0$0$5,831,948
76$9,186,386$0$0$6,336,933
77$9,985,724$0$0$6,890,597
78$10,862,258$0$0$7,497,814
79$11,823,726$0$0$8,163,954
80$12,878,649$0$0$8,894,934
81$14,036,415$0$0$9,697,270
82$15,307,363$0$0$10,578,137
83$16,702,883$0$0$11,545,443
84$18,235,524$0$0$12,607,897
85$19,919,105$0$0$13,775,092
86$21,768,854$0$0$15,057,600
87$23,801,544$0$0$16,467,062
88$26,035,655$0$0$18,016,308
89$28,491,545$0$0$19,719,470
90$31,191,644$0$0$21,592,117
91$34,160,663$0$0$23,651,404
92$37,425,828$0$0$25,916,230
93$41,017,133$0$0$28,407,418
94$44,967,629$0$0$31,147,912
95$49,313,728$0$0$34,162,988
96$54,095,550$0$0$37,480,498
97$59,357,300$0$0$41,131,131
98$65,147,685$0$0$45,148,698
99$71,520,371$0$0$49,570,456
100$78,534,491$0$0$54,437,456