Can I retire at age 40 with 783,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$64,659$64,083$63,522$62,973$62,438$60,512
2 years$32,010$31,413$30,836$30,276$29,732$27,809
3 years$21,128$20,529$19,953$19,398$18,863$17,003
4 years$15,688$15,091$14,520$13,975$13,453$11,670
5 years$12,425$11,832$11,268$10,734$10,227$8,525
6 years$10,250$9,661$9,107$8,584$8,092$6,474
7 years$8,697$8,114$7,568$7,058$6,581$5,046
8 years$7,533$6,955$6,418$5,920$5,460$4,007
9 years$6,629$6,055$5,528$5,043$4,598$3,225
10 years$5,905$5,338$4,819$4,347$3,918$2,624
11 years$5,314$4,752$4,243$3,783$3,369$2,152
12 years$4,821$4,265$3,765$3,318$2,920$1,776
13 years$4,404$3,854$3,364$2,930$2,546$1,473
14 years$4,048$3,503$3,023$2,601$2,232$1,228
15 years$3,739$3,200$2,729$2,319$1,965$1,026
16 years$3,469$2,936$2,474$2,077$1,737$860
17 years$3,231$2,704$2,252$1,866$1,540$723
18 years$3,020$2,499$2,055$1,682$1,369$608
19 years$2,831$2,316$1,882$1,519$1,220$513
20 years$2,661$2,152$1,727$1,376$1,090$433
21 years$2,508$2,005$1,588$1,249$976$366
22 years$2,369$1,871$1,464$1,136$874$310
23 years$2,242$1,750$1,352$1,034$785$262
24 years$2,125$1,640$1,250$943$706$222
25 years$2,019$1,539$1,158$861$635$188
26 years$1,920$1,446$1,074$788$572$160
27 years$1,829$1,361$997$721$516$135
28 years$1,745$1,283$927$661$465$115
29 years$1,667$1,210$863$606$420$98
30 years$1,594$1,143$803$556$380$83
31 years$1,526$1,080$749$511$343$70
32 years$1,462$1,022$699$469$310$60
33 years$1,402$968$653$431$281$51
34 years$1,346$917$610$397$254$43
35 years$1,293$870$570$365$230$37
36 years$1,244$826$533$337$209$31
37 years$1,197$784$499$310$189$27
38 years$1,152$745$467$286$172$23
39 years$1,110$709$438$264$156$19
40 years$1,070$674$410$243$141$16
41 years$1,033$642$385$224$128$14
42 years$997$611$361$207$116$12
43 years$963$583$339$191$105$10
44 years$930$555$318$176$96$9
45 years$899$529$299$163$87$7
46 years$870$505$280$150$79$6
47 years$842$482$263$139$72$5
48 years$815$460$248$128$65$4
49 years$789$439$233$119$59$4
50 years$764$420$219$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $783,000, adding $6,027 every year, while hoping to spend $21,166 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: 56/39/5 Blend
39$783,000$783,000$783,000$783,000
40$869,083$827,584$815,447$916,555
41$935,209$845,615$820,244$967,226
42$1,007,370$863,820$824,493$1,019,481
43$1,086,160$882,186$828,152$1,075,864
44$1,172,232$900,697$831,178$1,136,769
45$1,266,305$919,336$833,528$1,202,630
46$1,369,170$938,085$835,153$1,273,928
47$1,481,699$956,925$836,004$1,351,188
48$1,604,852$975,833$836,029$1,434,991
49$1,739,684$994,787$835,174$1,525,977
50$1,887,361$1,013,760$833,381$1,624,852
51$2,049,162$1,032,725$830,590$1,732,390
52$2,226,500$1,051,652$826,738$1,849,448
53$2,420,928$1,070,508$821,759$1,976,969
54$2,634,159$1,089,260$815,585$2,115,991
55$2,868,078$1,107,868$808,141$2,267,658
56$3,124,762$1,126,293$799,354$2,433,231
57$3,406,498$1,144,491$789,142$2,614,101
58$3,715,805$1,162,416$777,423$2,811,800
59$4,055,460$1,180,017$764,109$3,028,014
60$4,428,520$1,197,241$749,110$3,264,605
61$4,838,354$1,214,031$732,330$3,523,622
62$5,288,671$1,230,323$713,668$3,807,326
63$5,783,560$1,246,054$693,021$4,118,206
64$6,327,524$1,261,151$670,278$4,459,008
65$6,925,525$1,275,541$645,326$4,832,757
66$7,583,029$1,289,143$618,044$5,242,787
67$8,306,057$1,301,871$588,308$5,692,773
68$9,101,246$1,313,633$555,987$6,186,765
69$9,975,905$1,324,333$520,945$6,729,229
70$10,938,089$1,333,867$483,038$7,325,085
71$11,996,671$1,342,124$442,117$7,979,757
72$13,161,431$1,348,987$398,027$8,699,223
73$14,443,140$1,354,331$350,605$9,490,072
74$15,853,670$1,358,023$299,680$10,359,566
75$17,406,100$1,359,921$245,074$11,315,710
76$19,114,842$1,359,877$186,604$12,367,328
77$20,995,774$1,357,730$124,074$13,524,143
78$23,066,396$1,353,310$57,282$14,796,874
79$25,345,985$1,346,440$0$16,197,335
80$27,855,788$1,336,928$0$17,739,294
81$30,619,212$1,324,571$0$19,439,666
82$33,662,054$1,309,157$0$21,311,222
83$37,012,734$1,290,457$0$23,371,411
84$40,702,575$1,268,231$0$25,639,461
85$44,766,088$1,242,224$0$28,136,566
86$49,241,301$1,212,166$0$30,886,086
87$54,170,123$1,177,771$0$33,913,764
88$59,598,730$1,138,736$0$37,247,974
89$65,578,007$1,094,741$0$40,919,987
90$72,164,028$1,045,447$0$44,964,268
91$79,418,579$990,495$0$49,418,800
92$87,409,751$929,506$0$54,325,448
93$96,212,572$862,078$0$59,730,350
94$105,909,722$787,787$0$65,684,356
95$116,592,310$706,185$0$72,243,507
96$128,360,736$616,799$0$79,469,568
97$141,325,636$519,127$0$87,430,611
98$155,608,927$412,640$0$96,201,657
99$171,344,958$296,780$0$105,865,386
100$188,681,778$170,956$0$116,512,920