Can I retire at age 40 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$64,742$64,165$63,603$63,053$62,517$62,202
2 years$32,050$31,454$30,875$30,314$29,770$29,451
3 years$21,155$20,555$19,978$19,423$18,887$18,576
4 years$15,708$15,110$14,539$13,993$13,471$13,168
5 years$12,441$11,847$11,283$10,748$10,240$9,948
6 years$10,263$9,674$9,118$8,595$8,103$7,821
7 years$8,709$8,124$7,577$7,067$6,590$6,319
8 years$7,543$6,964$6,426$5,928$5,467$5,207
9 years$6,637$6,063$5,535$5,049$4,604$4,355
10 years$5,913$5,344$4,825$4,353$3,923$3,684
11 years$5,320$4,758$4,248$3,788$3,374$3,145
12 years$4,827$4,270$3,770$3,323$2,924$2,706
13 years$4,410$3,859$3,368$2,933$2,549$2,342
14 years$4,053$3,508$3,027$2,604$2,235$2,037
15 years$3,744$3,204$2,733$2,322$1,968$1,779
16 years$3,473$2,940$2,477$2,079$1,739$1,560
17 years$3,235$2,708$2,254$1,868$1,542$1,372
18 years$3,024$2,502$2,058$1,684$1,371$1,210
19 years$2,835$2,319$1,884$1,521$1,222$1,069
20 years$2,665$2,155$1,729$1,378$1,092$947
21 years$2,511$2,007$1,590$1,250$977$840
22 years$2,372$1,874$1,466$1,137$876$746
23 years$2,244$1,752$1,353$1,035$786$664
24 years$2,128$1,642$1,252$944$706$591
25 years$2,021$1,541$1,159$862$636$527
26 years$1,923$1,448$1,075$789$573$471
27 years$1,832$1,363$998$722$516$420
28 years$1,747$1,284$928$661$466$376
29 years$1,669$1,211$864$606$421$336
30 years$1,596$1,144$805$557$380$301
31 years$1,528$1,082$750$511$344$269
32 years$1,464$1,023$700$470$311$241
33 years$1,404$969$653$432$281$216
34 years$1,348$919$610$397$255$194
35 years$1,295$871$571$366$231$174
36 years$1,245$827$534$337$209$156
37 years$1,198$785$500$311$189$140
38 years$1,154$746$468$286$172$126
39 years$1,112$710$438$264$156$113
40 years$1,072$675$411$243$141$101
41 years$1,034$643$385$225$128$91
42 years$998$612$361$207$116$82
43 years$964$583$339$191$106$73
44 years$932$556$318$177$96$66
45 years$901$530$299$163$87$59
46 years$871$506$281$151$79$53
47 years$843$483$264$139$72$48
48 years$816$461$248$129$65$43
49 years$790$440$233$119$59$39
50 years$765$420$219$110$54$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $784,000, adding $6,698 every year, while hoping to spend $46,812 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: 55/15/30 Blend
39$784,000$784,000$784,000$784,000
40$870,877$829,325$817,173$911,190
41$909,899$820,154$794,741$930,611
42$951,332$808,965$769,988$946,404
43$995,373$795,610$742,788$962,681
44$1,042,237$779,930$713,007$979,507
45$1,092,159$761,761$680,506$996,956
46$1,145,397$740,925$645,141$1,015,110
47$1,202,233$717,236$606,759$1,034,065
48$1,262,976$690,496$565,201$1,053,928
49$1,327,966$660,497$520,301$1,074,821
50$1,397,574$627,016$471,887$1,096,879
51$1,472,208$589,822$419,777$1,120,258
52$1,552,315$548,665$363,782$1,145,131
53$1,638,387$503,285$303,703$1,171,693
54$1,730,961$453,405$239,336$1,200,164
55$1,830,630$398,733$170,465$1,230,790
56$1,938,043$338,959$96,865$1,263,846
57$2,053,914$273,759$18,300$1,299,640
58$2,179,027$202,787$0$1,338,519
59$2,314,243$125,679$0$1,401,848
60$2,460,510$42,050$0$1,476,693
61$2,618,867$0$0$1,557,755
62$2,790,459$0$0$1,653,667
63$2,976,545$0$0$1,765,268
64$3,178,507$0$0$1,886,455
65$3,397,867$0$0$2,018,148
66$3,636,299$0$0$2,161,361
67$3,895,645$0$0$2,317,208
68$4,177,930$0$0$2,486,917
69$4,485,384$0$0$2,671,837
70$4,820,458$0$0$2,873,453
71$5,185,854$0$0$3,093,400
72$5,584,542$0$0$3,333,478
73$6,019,793$0$0$3,595,667
74$6,495,206$0$0$3,882,148
75$7,014,746$0$0$4,195,321
76$7,582,774$0$0$4,537,829
77$8,204,097$0$0$4,912,583
78$8,884,002$0$0$5,322,786
79$9,628,315$0$0$5,771,967
80$10,443,450$0$0$6,264,012
81$11,336,469$0$0$6,803,200
82$12,315,152$0$0$7,394,242
83$13,388,064$0$0$8,042,330
84$14,564,642$0$0$8,753,181
85$15,855,277$0$0$9,533,090
86$17,271,416$0$0$10,388,992
87$18,825,666$0$0$11,328,528
88$20,531,916$0$0$12,360,112
89$22,405,463$0$0$13,493,014
90$24,463,160$0$0$14,737,446
91$26,723,570$0$0$16,104,655
92$29,207,145$0$0$17,607,036
93$31,936,414$0$0$19,258,241
94$34,936,199$0$0$21,073,310
95$38,233,842$0$0$23,068,814
96$41,859,472$0$0$25,263,009
97$45,846,277$0$0$27,676,010
98$50,230,826$0$0$30,329,975
99$55,053,409$0$0$33,249,322
100$60,358,415$0$0$36,460,952