Can I retire at age 40 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$64,081$63,511$62,954$62,410$61,879$60,383
2 years$31,723$31,133$30,560$30,005$29,466$27,968
3 years$20,939$20,346$19,774$19,224$18,695$17,241
4 years$15,548$14,956$14,391$13,850$13,333$11,936
5 years$12,314$11,726$11,168$10,638$10,136$8,798
6 years$10,159$9,575$9,025$8,507$8,020$6,743
7 years$8,620$8,041$7,500$6,994$6,522$5,307
8 years$7,466$6,893$6,361$5,867$5,411$4,256
9 years$6,569$6,001$5,478$4,998$4,557$3,462
10 years$5,852$5,290$4,776$4,308$3,883$2,846
11 years$5,266$4,709$4,205$3,749$3,339$2,360
12 years$4,778$4,227$3,732$3,289$2,894$1,969
13 years$4,365$3,820$3,334$2,903$2,523$1,653
14 years$4,012$3,472$2,996$2,577$2,212$1,393
15 years$3,706$3,172$2,705$2,299$1,948$1,179
16 years$3,438$2,910$2,452$2,058$1,721$1,000
17 years$3,202$2,680$2,231$1,849$1,526$851
18 years$2,993$2,476$2,037$1,666$1,357$725
19 years$2,806$2,295$1,865$1,506$1,210$619
20 years$2,637$2,133$1,711$1,364$1,080$530
21 years$2,485$1,987$1,574$1,238$967$454
22 years$2,347$1,854$1,451$1,125$867$389
23 years$2,222$1,734$1,340$1,025$778$334
24 years$2,106$1,625$1,239$935$699$286
25 years$2,001$1,525$1,147$854$629$246
26 years$1,903$1,433$1,064$781$567$212
27 years$1,813$1,349$988$714$511$182
28 years$1,730$1,271$919$655$461$157
29 years$1,652$1,199$855$600$416$135
30 years$1,580$1,132$796$551$376$116
31 years$1,512$1,070$742$506$340$100
32 years$1,449$1,013$693$465$308$86
33 years$1,390$959$647$428$278$74
34 years$1,334$909$604$393$252$64
35 years$1,282$862$565$362$228$55
36 years$1,232$818$528$334$207$48
37 years$1,186$777$495$307$187$41
38 years$1,142$739$463$283$170$35
39 years$1,100$702$434$261$154$31
40 years$1,061$668$407$241$140$26
41 years$1,023$636$381$222$127$23
42 years$988$606$358$205$115$20
43 years$954$577$336$189$104$17
44 years$922$550$315$175$95$15
45 years$891$525$296$161$86$13
46 years$862$501$278$149$78$11
47 years$834$478$261$138$71$9
48 years$808$456$245$127$64$8
49 years$782$435$231$118$59$7
50 years$758$416$217$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $776,000, adding $6,130 every year, while hoping to spend $57,527 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: 76/12/12 Blend
39$776,000$776,000$776,000$776,000
40$861,475$820,347$808,319$924,463
41$888,137$799,336$774,190$945,819
42$915,591$775,367$736,989$961,350
43$943,856$748,235$696,552$976,766
44$972,953$717,722$652,710$992,036
45$1,002,901$683,597$605,284$1,007,126
46$1,033,722$645,618$554,085$1,021,999
47$1,065,435$603,527$498,920$1,036,616
48$1,098,060$557,050$439,585$1,050,934
49$1,131,617$505,901$375,866$1,064,907
50$1,166,126$449,774$307,542$1,078,487
51$1,201,607$388,349$234,380$1,091,619
52$1,238,077$321,284$156,138$1,104,248
53$1,275,555$248,221$72,563$1,116,311
54$1,314,058$168,781$0$1,127,744
55$1,353,604$82,563$0$1,140,605
56$1,394,206$0$0$1,162,742
57$1,435,880$0$0$1,186,243
58$1,478,638$0$0$1,221,539
59$1,522,490$0$0$1,257,736
60$1,567,446$0$0$1,294,840
61$1,613,512$0$0$1,332,856
62$1,660,691$0$0$1,371,787
63$1,708,985$0$0$1,411,633
64$1,758,390$0$0$1,452,391
65$1,808,899$0$0$1,494,054
66$1,860,502$0$0$1,536,613
67$1,913,182$0$0$1,580,053
68$1,966,916$0$0$1,624,356
69$2,021,678$0$0$1,669,495
70$2,077,430$0$0$1,715,442
71$2,134,129$0$0$1,762,159
72$2,191,723$0$0$1,809,601
73$2,250,149$0$0$1,857,715
74$2,309,333$0$0$1,906,437
75$2,369,188$0$0$1,955,695
76$2,429,614$0$0$2,005,404
77$2,490,494$0$0$2,055,465
78$2,551,696$0$0$2,105,766
79$2,613,066$0$0$2,156,178
80$2,674,431$0$0$2,206,554
81$2,735,592$0$0$2,256,727
82$2,796,325$0$0$2,306,509
83$2,856,376$0$0$2,355,686
84$2,915,459$0$0$2,404,017
85$2,973,253$0$0$2,451,231
86$3,029,395$0$0$2,497,025
87$3,083,478$0$0$2,541,056
88$3,135,048$0$0$2,582,943
89$3,183,596$0$0$2,622,256
90$3,228,552$0$0$2,658,520
91$3,269,281$0$0$2,691,199
92$3,305,073$0$0$2,719,699
93$3,335,140$0$0$2,743,357
94$3,358,601$0$0$2,761,434
95$3,374,479$0$0$2,773,111
96$3,381,685$0$0$2,777,474
97$3,379,011$0$0$2,773,510
98$3,365,114$0$0$2,760,092
99$3,338,506$0$0$2,735,972
100$3,297,533$0$0$2,699,764