Can I retire at age 40 with 782,000?

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 $782,000?

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$64,577$64,002$63,440$62,893$62,358$61,991
2 years$31,969$31,373$30,796$30,237$29,694$29,324
3 years$21,101$20,503$19,927$19,373$18,839$18,477
4 years$15,668$15,072$14,502$13,957$13,436$13,085
5 years$12,409$11,816$11,254$10,720$10,214$9,875
6 years$10,237$9,649$9,095$8,573$8,082$7,755
7 years$8,686$8,103$7,558$7,049$6,573$6,259
8 years$7,524$6,946$6,410$5,913$5,453$5,152
9 years$6,620$6,048$5,521$5,036$4,592$4,303
10 years$5,898$5,331$4,813$4,341$3,913$3,636
11 years$5,307$4,746$4,237$3,778$3,365$3,101
12 years$4,815$4,259$3,761$3,314$2,916$2,664
13 years$4,399$3,849$3,360$2,926$2,543$2,303
14 years$4,043$3,499$3,019$2,597$2,229$2,000
15 years$3,734$3,196$2,726$2,316$1,963$1,745
16 years$3,465$2,933$2,471$2,074$1,735$1,528
17 years$3,227$2,701$2,249$1,863$1,538$1,342
18 years$3,016$2,496$2,053$1,679$1,368$1,182
19 years$2,827$2,313$1,879$1,517$1,219$1,043
20 years$2,658$2,149$1,725$1,374$1,089$922
21 years$2,505$2,002$1,586$1,247$974$817
22 years$2,366$1,869$1,462$1,134$873$725
23 years$2,239$1,748$1,350$1,033$784$644
24 years$2,123$1,638$1,248$942$705$573
25 years$2,016$1,537$1,156$860$634$510
26 years$1,918$1,444$1,072$787$571$454
27 years$1,827$1,359$996$720$515$405
28 years$1,743$1,281$926$660$465$362
29 years$1,665$1,208$861$605$420$323
30 years$1,592$1,141$802$555$379$288
31 years$1,524$1,079$748$510$343$258
32 years$1,460$1,021$698$469$310$231
33 years$1,400$967$652$431$281$206
34 years$1,344$916$609$396$254$185
35 years$1,292$869$569$365$230$165
36 years$1,242$825$533$336$208$148
37 years$1,195$783$498$310$189$133
38 years$1,151$744$467$285$171$119
39 years$1,109$708$437$263$155$106
40 years$1,069$674$410$243$141$95
41 years$1,031$641$384$224$128$86
42 years$996$611$361$207$116$77
43 years$962$582$338$191$105$69
44 years$929$555$318$176$96$62
45 years$898$529$298$163$87$55
46 years$869$504$280$150$79$50
47 years$841$481$263$139$72$44
48 years$814$460$247$128$65$40
49 years$788$439$232$119$59$36
50 years$764$419$219$110$54$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $782,000, adding $3,434 every year, while hoping to spend $52,548 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: 56/29/15 Blend
39$782,000$782,000$782,000$782,000
40$865,306$823,860$811,739$910,194
41$897,657$808,319$783,022$925,518
42$931,546$790,254$751,581$936,196
43$967,075$769,488$717,271$946,625
44$1,004,354$745,831$679,937$956,789
45$1,043,503$719,081$639,419$966,677
46$1,084,651$689,027$595,551$976,279
47$1,127,940$655,444$548,156$985,587
48$1,173,523$618,093$497,052$994,594
49$1,221,567$576,725$442,048$1,003,298
50$1,272,254$531,072$382,944$1,011,700
51$1,325,783$480,853$319,532$1,019,805
52$1,382,371$425,773$251,594$1,027,621
53$1,442,253$365,516$178,903$1,035,165
54$1,505,688$299,752$101,221$1,042,459
55$1,572,958$228,129$18,302$1,049,530
56$1,644,370$150,278$0$1,056,418
57$1,720,262$65,808$0$1,074,403
58$1,801,002$0$0$1,096,166
59$1,886,994$0$0$1,127,091
60$1,978,679$0$0$1,182,493
61$2,076,542$0$0$1,241,670
62$2,181,111$0$0$1,304,948
63$2,292,968$0$0$1,372,684
64$2,412,751$0$0$1,445,270
65$2,541,157$0$0$1,523,136
66$2,678,953$0$0$1,606,753
67$2,826,980$0$0$1,696,639
68$2,986,161$0$0$1,793,363
69$3,157,510$0$0$1,897,548
70$3,342,140$0$0$2,009,879
71$3,541,272$0$0$2,131,110
72$3,756,250$0$0$2,262,068
73$3,988,550$0$0$2,403,661
74$4,239,793$0$0$2,556,889
75$4,511,762$0$0$2,722,850
76$4,806,416$0$0$2,902,751
77$5,125,910$0$0$3,097,921
78$5,472,613$0$0$3,309,819
79$5,849,132$0$0$3,540,052
80$6,258,332$0$0$3,790,386
81$6,703,368$0$0$4,062,766
82$7,187,708$0$0$4,359,331
83$7,715,169$0$0$4,682,433
84$8,289,953$0$0$5,034,662
85$8,916,681$0$0$5,418,870
86$9,600,441$0$0$5,838,193
87$10,346,835$0$0$6,296,084
88$11,162,025$0$0$6,796,346
89$12,052,799$0$0$7,343,164
90$13,026,628$0$0$7,941,145
91$14,091,738$0$0$8,595,364
92$15,257,185$0$0$9,311,405
93$16,532,942$0$0$10,095,421
94$17,929,992$0$0$10,954,186
95$19,460,428$0$0$11,895,159
96$21,137,567$0$0$12,926,556
97$22,976,079$0$0$14,057,426
98$24,992,117$0$0$15,297,733
99$27,203,473$0$0$16,658,456
100$29,629,746$0$0$18,151,683