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%14.3%
1 years$64,081$63,511$62,954$62,410$61,879$60,779
2 years$31,723$31,133$30,560$30,005$29,466$28,362
3 years$20,939$20,346$19,774$19,224$18,695$17,620
4 years$15,548$14,956$14,391$13,850$13,333$12,297
5 years$12,314$11,726$11,168$10,638$10,136$9,140
6 years$10,159$9,575$9,025$8,507$8,020$7,067
7 years$8,620$8,041$7,500$6,994$6,522$5,612
8 years$7,466$6,893$6,361$5,867$5,411$4,543
9 years$6,569$6,001$5,478$4,998$4,557$3,731
10 years$5,852$5,290$4,776$4,308$3,883$3,098
11 years$5,266$4,709$4,205$3,749$3,339$2,594
12 years$4,778$4,227$3,732$3,289$2,894$2,188
13 years$4,365$3,820$3,334$2,903$2,523$1,856
14 years$4,012$3,472$2,996$2,577$2,212$1,581
15 years$3,706$3,172$2,705$2,299$1,948$1,353
16 years$3,438$2,910$2,452$2,058$1,721$1,161
17 years$3,202$2,680$2,231$1,849$1,526$999
18 years$2,993$2,476$2,037$1,666$1,357$862
19 years$2,806$2,295$1,865$1,506$1,210$745
20 years$2,637$2,133$1,711$1,364$1,080$645
21 years$2,485$1,987$1,574$1,238$967$559
22 years$2,347$1,854$1,451$1,125$867$485
23 years$2,222$1,734$1,340$1,025$778$421
24 years$2,106$1,625$1,239$935$699$366
25 years$2,001$1,525$1,147$854$629$319
26 years$1,903$1,433$1,064$781$567$278
27 years$1,813$1,349$988$714$511$242
28 years$1,730$1,271$919$655$461$211
29 years$1,652$1,199$855$600$416$184
30 years$1,580$1,132$796$551$376$161
31 years$1,512$1,070$742$506$340$140
32 years$1,449$1,013$693$465$308$122
33 years$1,390$959$647$428$278$107
34 years$1,334$909$604$393$252$93
35 years$1,282$862$565$362$228$82
36 years$1,232$818$528$334$207$71
37 years$1,186$777$495$307$187$62
38 years$1,142$739$463$283$170$54
39 years$1,100$702$434$261$154$48
40 years$1,061$668$407$241$140$42
41 years$1,023$636$381$222$127$36
42 years$988$606$358$205$115$32
43 years$954$577$336$189$104$28
44 years$922$550$315$175$95$24
45 years$891$525$296$161$86$21
46 years$862$501$278$149$78$19
47 years$834$478$261$138$71$16
48 years$808$456$245$127$64$14
49 years$782$435$231$118$59$12
50 years$758$416$217$109$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $776,000, adding $2,969 every year, while hoping to spend $30,340 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: 47/38/15 Blend
39$776,000$776,000$776,000$776,000
40$858,215$817,087$805,059$894,796
41$913,471$824,842$799,746$928,213
42$973,347$831,961$793,240$961,127
43$1,038,281$838,380$785,466$996,188
44$1,108,756$844,031$776,350$1,033,607
45$1,185,304$848,844$765,812$1,073,618
46$1,268,508$852,740$753,770$1,116,482
47$1,359,012$855,641$740,138$1,162,486
48$1,457,523$857,459$724,824$1,211,947
49$1,564,818$858,102$707,733$1,265,216
50$1,681,754$857,474$688,767$1,322,685
51$1,809,274$855,470$667,821$1,384,783
52$1,948,413$851,982$644,787$1,451,987
53$2,100,315$846,893$619,551$1,524,824
54$2,266,235$840,078$591,994$1,603,878
55$2,447,557$831,408$561,992$1,689,794
56$2,645,805$820,744$529,415$1,783,285
57$2,862,654$807,938$494,128$1,885,141
58$3,099,952$792,834$455,988$1,996,233
59$3,359,731$775,267$414,848$2,117,526
60$3,644,231$755,062$370,552$2,250,086
61$3,955,917$732,034$322,940$2,395,092
62$4,297,503$705,987$271,842$2,553,844
63$4,671,982$676,714$217,081$2,727,783
64$5,082,645$643,994$158,475$2,918,497
65$5,533,120$607,595$95,830$3,127,744
66$6,027,404$567,273$28,945$3,357,465
67$6,569,897$522,767$0$3,609,802
68$7,165,446$473,802$0$3,893,915
69$7,819,392$420,089$0$4,211,013
70$8,537,617$361,320$0$4,559,382
71$9,326,602$297,173$0$4,942,249
72$10,193,485$227,304$0$5,363,176
73$11,146,130$151,351$0$5,826,091
74$12,193,201$68,934$0$6,335,329
75$13,344,245$0$0$6,895,674
76$14,609,775$0$0$7,520,911
77$16,001,379$0$0$8,240,227
78$17,531,821$0$0$9,031,407
79$19,215,165$0$0$9,901,733
80$21,066,905$0$0$10,859,231
81$23,104,114$0$0$11,912,740
82$25,345,603$0$0$13,072,001
83$27,812,096$0$0$14,347,749
84$30,526,432$0$0$15,751,808
85$33,513,770$0$0$17,297,210
86$36,801,837$0$0$18,998,313
87$40,421,182$0$0$20,870,937
88$44,405,464$0$0$22,932,515
89$48,791,775$0$0$25,202,255
90$53,620,983$0$0$27,701,323
91$58,938,123$0$0$30,453,042
92$64,792,817$0$0$33,483,111
93$71,239,745$0$0$36,819,848
94$78,339,157$0$0$40,494,459
95$86,157,448$0$0$44,541,329
96$94,767,778$0$0$48,998,346
97$104,250,762$0$0$53,907,264
98$114,695,236$0$0$59,314,091
99$126,199,090$0$0$65,269,526
100$138,870,192$0$0$71,829,434