Can I retire at age 40 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$64,247$63,674$63,116$62,571$62,039$61,674
2 years$31,805$31,213$30,639$30,082$29,542$29,174
3 years$20,993$20,398$19,825$19,274$18,743$18,383
4 years$15,588$14,995$14,428$13,886$13,368$13,018
5 years$12,346$11,756$11,197$10,666$10,162$9,825
6 years$10,185$9,600$9,048$8,529$8,041$7,716
7 years$8,642$8,062$7,519$7,012$6,539$6,227
8 years$7,485$6,910$6,377$5,883$5,425$5,125
9 years$6,586$6,017$5,492$5,011$4,569$4,281
10 years$5,867$5,303$4,788$4,319$3,893$3,618
11 years$5,280$4,721$4,216$3,759$3,348$3,085
12 years$4,790$4,238$3,741$3,297$2,901$2,650
13 years$4,376$3,830$3,343$2,911$2,530$2,291
14 years$4,022$3,481$3,003$2,584$2,218$1,990
15 years$3,715$3,180$2,712$2,304$1,953$1,736
16 years$3,447$2,918$2,458$2,063$1,726$1,520
17 years$3,210$2,687$2,237$1,854$1,530$1,335
18 years$3,000$2,483$2,042$1,671$1,361$1,175
19 years$2,813$2,301$1,870$1,510$1,213$1,037
20 years$2,644$2,138$1,716$1,367$1,083$917
21 years$2,492$1,992$1,578$1,241$969$813
22 years$2,353$1,859$1,455$1,128$869$721
23 years$2,227$1,739$1,343$1,028$780$640
24 years$2,112$1,629$1,242$937$701$570
25 years$2,006$1,529$1,150$856$631$507
26 years$1,908$1,437$1,067$783$568$452
27 years$1,818$1,352$991$716$512$403
28 years$1,734$1,274$921$656$462$360
29 years$1,656$1,202$857$602$417$321
30 years$1,584$1,135$798$552$377$287
31 years$1,516$1,073$744$507$341$257
32 years$1,453$1,016$694$466$308$229
33 years$1,393$962$648$429$279$205
34 years$1,338$911$606$394$253$184
35 years$1,285$865$566$363$229$164
36 years$1,236$821$530$334$207$147
37 years$1,189$779$496$308$188$132
38 years$1,145$741$464$284$170$118
39 years$1,103$704$435$262$155$106
40 years$1,064$670$408$242$140$95
41 years$1,026$638$382$223$127$85
42 years$991$607$359$206$115$76
43 years$957$579$337$190$105$68
44 years$924$552$316$175$95$61
45 years$894$526$297$162$86$55
46 years$864$502$279$150$78$49
47 years$836$479$262$138$71$44
48 years$810$457$246$128$65$40
49 years$784$437$231$118$59$36
50 years$760$417$217$109$53$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $778,000, adding $5,914 every year, while hoping to spend $20,498 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: 62/25/13 Blend
39$778,000$778,000$778,000$778,000
40$863,456$822,222$810,163$913,938
41$929,719$840,701$815,494$967,002
42$1,002,054$859,399$820,316$1,022,030
43$1,081,058$878,304$824,592$1,081,598
44$1,167,389$897,405$828,279$1,146,146
45$1,261,773$916,687$831,336$1,216,161
46$1,365,006$936,137$833,718$1,292,176
47$1,477,966$955,737$835,377$1,374,782
48$1,601,621$975,471$836,264$1,464,628
49$1,737,034$995,317$836,328$1,562,430
50$1,885,380$1,015,256$835,513$1,668,975
51$2,047,949$1,035,263$833,762$1,785,133
52$2,226,163$1,055,314$831,017$1,911,860
53$2,421,588$1,075,382$827,212$2,050,211
54$2,635,950$1,095,435$822,284$2,201,348
55$2,871,149$1,115,444$816,162$2,366,552
56$3,129,277$1,135,372$808,775$2,547,234
57$3,412,641$1,155,182$800,046$2,744,950
58$3,723,779$1,174,835$789,897$2,961,412
59$4,065,489$1,194,287$778,244$3,198,511
60$4,440,854$1,213,491$764,999$3,458,328
61$4,853,267$1,232,398$750,072$3,743,156
62$5,306,468$1,250,954$733,368$4,055,526
63$5,804,579$1,269,102$714,787$4,398,223
64$6,352,138$1,286,779$694,224$4,774,319
65$6,954,145$1,303,921$671,570$5,187,198
66$7,616,111$1,320,457$646,711$5,640,592
67$8,344,106$1,336,311$619,527$6,138,612
68$9,144,818$1,351,403$589,894$6,685,789
69$10,025,615$1,365,647$557,682$7,287,120
70$10,994,616$1,378,953$522,752$7,948,107
71$12,060,767$1,391,221$484,964$8,674,819
72$13,233,923$1,402,349$444,169$9,473,942
73$14,524,944$1,412,225$400,209$10,352,847
74$15,945,796$1,420,731$352,924$11,319,656
75$17,509,663$1,427,743$302,142$12,383,321
76$19,231,073$1,433,126$247,688$13,553,709
77$21,126,032$1,436,739$189,375$14,841,696
78$23,212,178$1,438,430$127,010$16,259,267
79$25,508,947$1,438,040$60,392$17,819,632
80$28,037,754$1,435,399$0$19,537,349
81$30,822,197$1,430,325$0$21,429,950
82$33,888,277$1,422,627$0$23,522,671
83$37,264,648$1,412,102$0$25,826,648
84$40,982,881$1,398,534$0$28,363,398
85$45,077,766$1,381,694$0$31,156,629
86$49,587,641$1,361,340$0$34,232,471
87$54,554,749$1,337,214$0$37,619,720
88$60,025,642$1,309,045$0$41,350,109
89$66,051,613$1,276,545$0$45,458,610
90$72,689,190$1,239,408$0$49,983,763
91$80,000,659$1,197,311$0$54,968,040
92$88,054,660$1,149,912$0$60,458,248
93$96,926,827$1,096,849$0$66,505,970
94$106,700,508$1,037,740$0$73,168,051
95$117,467,551$972,180$0$80,507,138
96$129,329,164$899,740$0$88,592,270
97$142,396,880$819,969$0$97,499,530
98$156,793,602$732,387$0$107,312,765
99$172,654,764$636,489$0$118,124,377
100$190,129,614$531,741$0$130,036,197