Can I retire at age 40 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$64,412$63,838$63,278$62,732$62,198$59,920
2 years$31,887$31,293$30,718$30,160$29,618$27,348
3 years$21,047$20,450$19,876$19,323$18,791$16,601
4 years$15,628$15,033$14,465$13,921$13,402$11,308
5 years$12,377$11,786$11,225$10,693$10,188$8,196
6 years$10,211$9,624$9,072$8,551$8,061$6,173
7 years$8,664$8,082$7,539$7,031$6,556$4,770
8 years$7,505$6,928$6,393$5,898$5,439$3,754
9 years$6,603$6,032$5,507$5,024$4,580$2,995
10 years$5,882$5,317$4,801$4,330$3,903$2,413
11 years$5,293$4,734$4,227$3,769$3,356$1,960
12 years$4,803$4,249$3,751$3,306$2,909$1,602
13 years$4,388$3,839$3,351$2,918$2,536$1,315
14 years$4,032$3,490$3,011$2,591$2,223$1,084
15 years$3,725$3,188$2,719$2,310$1,958$897
16 years$3,456$2,925$2,465$2,069$1,730$744
17 years$3,219$2,694$2,243$1,859$1,534$618
18 years$3,008$2,489$2,047$1,675$1,364$514
19 years$2,820$2,307$1,874$1,514$1,216$429
20 years$2,651$2,144$1,720$1,371$1,086$358
21 years$2,498$1,997$1,582$1,244$972$299
22 years$2,359$1,864$1,458$1,131$871$250
23 years$2,233$1,743$1,346$1,030$782$209
24 years$2,117$1,633$1,245$940$703$175
25 years$2,011$1,533$1,153$858$632$147
26 years$1,913$1,441$1,070$785$570$123
27 years$1,822$1,356$993$718$514$103
28 years$1,738$1,278$923$658$463$86
29 years$1,660$1,205$859$603$418$72
30 years$1,588$1,138$800$554$378$61
31 years$1,520$1,076$746$509$342$51
32 years$1,456$1,018$696$467$309$43
33 years$1,397$964$650$430$280$36
34 years$1,341$914$607$395$253$30
35 years$1,288$867$568$364$229$25
36 years$1,239$823$531$335$208$21
37 years$1,192$781$497$309$188$18
38 years$1,148$743$466$285$171$15
39 years$1,106$706$436$263$155$13
40 years$1,066$672$409$242$141$11
41 years$1,029$639$383$223$127$9
42 years$993$609$360$206$116$7
43 years$959$580$337$190$105$6
44 years$927$553$317$176$95$5
45 years$896$527$297$162$87$4
46 years$867$503$279$150$79$4
47 years$839$480$262$139$71$3
48 years$812$458$247$128$65$3
49 years$786$438$232$118$59$2
50 years$762$418$218$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $780,000, adding $5,880 every year, while hoping to spend $44,515 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: 49/25/26 Blend
39$780,000$780,000$780,000$780,000
40$865,625$824,285$812,195$901,404
41$906,555$817,312$792,040$920,051
42$950,168$808,504$769,718$935,399
43$996,691$797,726$745,109$951,190
44$1,046,372$784,833$718,088$967,487
45$1,099,482$769,671$688,525$984,362
46$1,156,321$752,076$656,282$1,001,895
47$1,217,215$731,877$621,217$1,020,181
48$1,282,523$708,891$583,180$1,039,325
49$1,352,639$682,926$542,015$1,059,446
50$1,427,995$653,776$497,559$1,080,682
51$1,509,065$621,225$449,641$1,103,186
52$1,596,369$585,045$398,084$1,127,131
53$1,690,480$544,993$342,701$1,152,712
54$1,792,025$500,814$283,298$1,180,150
55$1,901,696$452,238$219,672$1,209,692
56$2,020,249$398,978$151,612$1,241,616
57$2,148,520$340,733$78,896$1,276,234
58$2,287,423$277,183$1,293$1,313,894
59$2,437,967$207,991$0$1,354,988
60$2,601,258$132,802$0$1,422,569
61$2,778,516$51,239$0$1,496,363
62$2,971,081$0$0$1,576,630
63$3,180,425$0$0$1,674,259
64$3,408,170$0$0$1,795,879
65$3,656,101$0$0$1,928,356
66$3,926,180$0$0$2,072,749
67$4,220,567$0$0$2,230,222
68$4,541,641$0$0$2,402,058
69$4,892,017$0$0$2,589,668
70$5,274,576$0$0$2,794,607
71$5,692,489$0$0$3,018,584
72$6,149,245$0$0$3,263,484
73$6,648,689$0$0$3,531,378
74$7,195,051$0$0$3,824,551
75$7,792,990$0$0$4,145,516
76$8,447,637$0$0$4,497,042
77$9,164,639$0$0$4,882,177
78$9,950,220$0$0$5,304,279
79$10,811,229$0$0$5,767,044
80$11,755,213$0$0$6,274,546
81$12,790,482$0$0$6,831,271
82$13,926,191$0$0$7,442,157
83$15,172,420$0$0$8,112,649
84$16,540,276$0$0$8,848,739
85$18,041,993$0$0$9,657,031
86$19,691,044$0$0$10,544,799
87$21,502,275$0$0$11,520,057
88$23,492,038$0$0$12,591,631
89$25,678,347$0$0$13,769,245
90$28,081,049$0$0$15,063,615
91$30,722,006$0$0$16,486,542
92$33,625,308$0$0$18,051,031
93$36,817,490$0$0$19,771,408
94$40,327,790$0$0$21,663,457
95$44,188,421$0$0$23,744,569
96$48,434,873$0$0$26,033,905
97$53,106,249$0$0$28,552,576
98$58,245,633$0$0$31,323,842
99$63,900,493$0$0$34,373,334
100$70,123,135$0$0$37,729,288