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%18.9%
1 years$64,247$63,674$63,116$62,571$62,039$59,814
2 years$31,805$31,213$30,639$30,082$29,542$27,325
3 years$20,993$20,398$19,825$19,274$18,743$16,602
4 years$15,588$14,995$14,428$13,886$13,368$11,321
5 years$12,346$11,756$11,197$10,666$10,162$8,214
6 years$10,185$9,600$9,048$8,529$8,041$6,193
7 years$8,642$8,062$7,519$7,012$6,539$4,791
8 years$7,485$6,910$6,377$5,883$5,425$3,775
9 years$6,586$6,017$5,492$5,011$4,569$3,015
10 years$5,867$5,303$4,788$4,319$3,893$2,433
11 years$5,280$4,721$4,216$3,759$3,348$1,978
12 years$4,790$4,238$3,741$3,297$2,901$1,619
13 years$4,376$3,830$3,343$2,911$2,530$1,331
14 years$4,022$3,481$3,003$2,584$2,218$1,099
15 years$3,715$3,180$2,712$2,304$1,953$910
16 years$3,447$2,918$2,458$2,063$1,726$756
17 years$3,210$2,687$2,237$1,854$1,530$629
18 years$3,000$2,483$2,042$1,671$1,361$524
19 years$2,813$2,301$1,870$1,510$1,213$438
20 years$2,644$2,138$1,716$1,367$1,083$366
21 years$2,492$1,992$1,578$1,241$969$306
22 years$2,353$1,859$1,455$1,128$869$256
23 years$2,227$1,739$1,343$1,028$780$215
24 years$2,112$1,629$1,242$937$701$180
25 years$2,006$1,529$1,150$856$631$151
26 years$1,908$1,437$1,067$783$568$127
27 years$1,818$1,352$991$716$512$107
28 years$1,734$1,274$921$656$462$89
29 years$1,656$1,202$857$602$417$75
30 years$1,584$1,135$798$552$377$63
31 years$1,516$1,073$744$507$341$53
32 years$1,453$1,016$694$466$308$45
33 years$1,393$962$648$429$279$37
34 years$1,338$911$606$394$253$31
35 years$1,285$865$566$363$229$26
36 years$1,236$821$530$334$207$22
37 years$1,189$779$496$308$188$19
38 years$1,145$741$464$284$170$16
39 years$1,103$704$435$262$155$13
40 years$1,064$670$408$242$140$11
41 years$1,026$638$382$223$127$9
42 years$991$607$359$206$115$8
43 years$957$579$337$190$105$7
44 years$924$552$316$175$95$6
45 years$894$526$297$162$86$5
46 years$864$502$279$150$78$4
47 years$836$479$262$138$71$3
48 years$810$457$246$128$65$3
49 years$784$437$231$118$59$2
50 years$760$417$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $778,000, adding $2,478 every year, while hoping to spend $27,174 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: 70/7/23 Blend
39$778,000$778,000$778,000$778,000
40$859,912$818,678$806,619$914,978
41$918,710$829,880$804,728$963,305
42$982,595$840,721$801,863$1,012,776
43$1,052,056$851,153$797,962$1,066,275
44$1,127,634$861,127$792,961$1,124,199
45$1,209,921$870,591$786,794$1,186,987
46$1,299,570$879,487$779,389$1,255,120
47$1,397,300$887,756$770,672$1,329,132
48$1,503,901$895,332$760,566$1,409,609
49$1,620,244$902,149$748,990$1,497,198
50$1,747,287$908,132$735,859$1,592,613
51$1,886,084$913,204$721,084$1,696,641
52$2,037,797$917,283$704,573$1,810,149
53$2,203,703$920,281$686,227$1,934,094
54$2,385,210$922,104$665,945$2,069,531
55$2,583,868$922,654$643,620$2,217,622
56$2,801,383$921,824$619,142$2,379,649
57$3,039,634$919,504$592,394$2,557,028
58$3,300,691$915,574$563,253$2,751,315
59$3,586,833$909,908$531,593$2,964,230
60$3,900,570$902,373$497,281$3,197,669
61$4,244,666$892,827$460,178$3,453,719
62$4,622,166$881,120$420,138$3,734,685
63$5,036,424$867,093$377,011$4,043,107
64$5,491,135$850,576$330,636$4,381,783
65$5,990,368$831,391$280,849$4,753,801
66$6,538,605$809,349$227,478$5,162,565
67$7,140,785$784,249$170,340$5,611,825
68$7,802,348$755,880$109,249$6,105,717
69$8,529,285$724,016$44,007$6,648,803
70$9,328,200$688,421$0$7,246,107
71$10,206,366$648,842$0$7,909,459
72$11,171,795$605,015$0$8,650,615
73$12,233,315$556,659$0$9,465,551
74$13,400,654$503,476$0$10,361,750
75$14,684,527$445,152$0$11,347,454
76$16,096,741$381,356$0$12,431,745
77$17,650,303$311,738$0$13,624,633
78$19,359,548$235,927$0$14,937,145
79$21,240,266$153,531$0$16,381,436
80$23,309,858$64,139$0$17,970,896
81$25,587,496$0$0$19,720,282
82$28,094,303$0$0$21,648,373
83$30,853,557$0$0$23,776,118
84$33,890,904$0$0$26,118,362
85$37,234,604$0$0$28,696,902
86$40,915,797$0$0$31,535,760
87$44,968,794$0$0$34,661,401
88$49,431,404$0$0$38,102,992
89$54,345,288$0$0$41,892,667
90$59,756,352$0$0$46,065,839
91$65,715,182$0$0$50,661,529
92$72,277,518$0$0$55,722,734
93$79,504,784$0$0$61,296,834
94$87,464,661$0$0$67,436,039
95$96,231,734$0$0$74,197,881
96$105,888,187$0$0$81,645,758
97$116,524,583$0$0$89,849,528
98$128,240,720$0$0$98,886,173
99$141,146,568$0$0$108,840,525
100$155,363,308$0$0$119,806,060