Can I retire at age 40 with 783,000?

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 $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%17.4%
1 years$64,659$64,083$63,522$62,973$62,438$60,560
2 years$32,010$31,413$30,836$30,276$29,732$27,857
3 years$21,128$20,529$19,953$19,398$18,863$17,048
4 years$15,688$15,091$14,520$13,975$13,453$11,713
5 years$12,425$11,832$11,268$10,734$10,227$8,566
6 years$10,250$9,661$9,107$8,584$8,092$6,512
7 years$8,697$8,114$7,568$7,058$6,581$5,081
8 years$7,533$6,955$6,418$5,920$5,460$4,039
9 years$6,629$6,055$5,528$5,043$4,598$3,256
10 years$5,905$5,338$4,819$4,347$3,918$2,652
11 years$5,314$4,752$4,243$3,783$3,369$2,178
12 years$4,821$4,265$3,765$3,318$2,920$1,800
13 years$4,404$3,854$3,364$2,930$2,546$1,495
14 years$4,048$3,503$3,023$2,601$2,232$1,247
15 years$3,739$3,200$2,729$2,319$1,965$1,044
16 years$3,469$2,936$2,474$2,077$1,737$876
17 years$3,231$2,704$2,252$1,866$1,540$737
18 years$3,020$2,499$2,055$1,682$1,369$622
19 years$2,831$2,316$1,882$1,519$1,220$525
20 years$2,661$2,152$1,727$1,376$1,090$444
21 years$2,508$2,005$1,588$1,249$976$376
22 years$2,369$1,871$1,464$1,136$874$318
23 years$2,242$1,750$1,352$1,034$785$270
24 years$2,125$1,640$1,250$943$706$229
25 years$2,019$1,539$1,158$861$635$195
26 years$1,920$1,446$1,074$788$572$165
27 years$1,829$1,361$997$721$516$140
28 years$1,745$1,283$927$661$465$119
29 years$1,667$1,210$863$606$420$102
30 years$1,594$1,143$803$556$380$86
31 years$1,526$1,080$749$511$343$73
32 years$1,462$1,022$699$469$310$63
33 years$1,402$968$653$431$281$53
34 years$1,346$917$610$397$254$45
35 years$1,293$870$570$365$230$39
36 years$1,244$826$533$337$209$33
37 years$1,197$784$499$310$189$28
38 years$1,152$745$467$286$172$24
39 years$1,110$709$438$264$156$20
40 years$1,070$674$410$243$141$17
41 years$1,033$642$385$224$128$15
42 years$997$611$361$207$116$13
43 years$963$583$339$191$105$11
44 years$930$555$318$176$96$9
45 years$899$529$299$163$87$8
46 years$870$505$280$150$79$7
47 years$842$482$263$139$72$6
48 years$815$460$248$128$65$5
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 $5,586 every year, while hoping to spend $36,708 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: 71/9/20 Blend
39$783,000$783,000$783,000$783,000
40$868,628$827,129$814,992$925,699
41$918,171$828,601$803,238$965,915
42$971,537$828,915$789,859$1,005,037
43$1,029,078$827,976$774,763$1,046,955
44$1,091,178$825,681$757,852$1,091,941
45$1,158,263$821,924$739,024$1,140,295
46$1,230,797$816,590$718,173$1,192,350
47$1,309,293$809,558$695,187$1,248,472
48$1,394,314$800,699$669,948$1,309,065
49$1,486,478$789,877$642,336$1,374,575
50$1,586,467$776,949$612,222$1,445,494
51$1,695,027$761,761$579,473$1,522,367
52$1,812,984$744,151$543,948$1,605,793
53$1,941,241$723,947$505,504$1,696,435
54$2,080,796$700,968$463,986$1,795,023
55$2,232,744$675,023$419,236$1,902,365
56$2,398,291$645,906$371,088$2,019,350
57$2,578,765$613,404$319,368$2,146,961
58$2,775,627$577,289$263,895$2,286,282
59$2,990,484$537,319$204,479$2,438,510
60$3,225,107$493,241$140,922$2,604,965
61$3,481,443$444,785$73,018$2,787,102
62$3,761,638$391,667$552$2,986,530
63$4,068,053$333,587$0$3,205,020
64$4,403,288$270,227$0$3,460,916
65$4,770,207$201,251$0$3,741,179
66$5,171,961$126,306$0$4,048,125
67$5,612,023$45,017$0$4,384,435
68$6,094,216$0$0$4,753,062
69$6,622,750$0$0$5,161,521
70$7,202,263$0$0$5,614,305
71$7,837,861$0$0$6,110,952
72$8,535,171$0$0$6,655,863
73$9,300,390$0$0$7,253,884
74$10,140,341$0$0$7,910,357
75$11,062,543$0$0$8,631,162
76$12,075,279$0$0$9,422,778
77$13,187,671$0$0$10,292,343
78$14,409,769$0$0$11,247,720
79$15,752,645$0$0$12,297,570
80$17,228,497$0$0$13,451,436
81$18,850,762$0$0$14,719,831
82$20,634,244$0$0$16,114,337
83$22,595,254$0$0$17,647,716
84$24,751,760$0$0$19,334,025
85$27,123,561$0$0$21,188,754
86$29,732,471$0$0$23,228,969
87$32,602,522$0$0$25,473,473
88$35,760,194$0$0$27,942,984
89$39,234,663$0$0$30,660,329
90$43,058,077$0$0$33,650,658
91$47,265,855$0$0$36,941,684
92$51,897,027$0$0$40,563,943
93$56,994,594$0$0$44,551,080
94$62,605,942$0$0$48,940,168
95$68,783,281$0$0$53,772,056
96$75,584,141$0$0$59,091,757
97$83,071,916$0$0$64,948,868
98$91,316,457$0$0$71,398,042
99$100,394,735$0$0$78,499,499
100$110,391,562$0$0$86,319,599