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%17%
1 years$64,742$64,165$63,603$63,053$62,517$60,735
2 years$32,050$31,454$30,875$30,314$29,770$27,989
3 years$21,155$20,555$19,978$19,423$18,887$17,162
4 years$15,708$15,110$14,539$13,993$13,471$11,815
5 years$12,441$11,847$11,283$10,748$10,240$8,659
6 years$10,263$9,674$9,118$8,595$8,103$6,597
7 years$8,709$8,124$7,577$7,067$6,590$5,159
8 years$7,543$6,964$6,426$5,928$5,467$4,111
9 years$6,637$6,063$5,535$5,049$4,604$3,322
10 years$5,913$5,344$4,825$4,353$3,923$2,712
11 years$5,320$4,758$4,248$3,788$3,374$2,233
12 years$4,827$4,270$3,770$3,323$2,924$1,850
13 years$4,410$3,859$3,368$2,933$2,549$1,541
14 years$4,053$3,508$3,027$2,604$2,235$1,289
15 years$3,744$3,204$2,733$2,322$1,968$1,082
16 years$3,473$2,940$2,477$2,079$1,739$911
17 years$3,235$2,708$2,254$1,868$1,542$769
18 years$3,024$2,502$2,058$1,684$1,371$650
19 years$2,835$2,319$1,884$1,521$1,222$551
20 years$2,665$2,155$1,729$1,378$1,092$467
21 years$2,511$2,007$1,590$1,250$977$397
22 years$2,372$1,874$1,466$1,137$876$337
23 years$2,244$1,752$1,353$1,035$786$287
24 years$2,128$1,642$1,252$944$706$244
25 years$2,021$1,541$1,159$862$636$208
26 years$1,923$1,448$1,075$789$573$177
27 years$1,832$1,363$998$722$516$151
28 years$1,747$1,284$928$661$466$129
29 years$1,669$1,211$864$606$421$110
30 years$1,596$1,144$805$557$380$94
31 years$1,528$1,082$750$511$344$80
32 years$1,464$1,023$700$470$311$68
33 years$1,404$969$653$432$281$58
34 years$1,348$919$610$397$255$50
35 years$1,295$871$571$366$231$43
36 years$1,245$827$534$337$209$36
37 years$1,198$785$500$311$189$31
38 years$1,154$746$468$286$172$27
39 years$1,112$710$438$264$156$23
40 years$1,072$675$411$243$141$19
41 years$1,034$643$385$225$128$17
42 years$998$612$361$207$116$14
43 years$964$583$339$191$106$12
44 years$932$556$318$177$96$10
45 years$901$530$299$163$87$9
46 years$871$506$281$151$79$8
47 years$843$483$264$139$72$6
48 years$816$461$248$129$65$6
49 years$790$440$233$119$59$5
50 years$765$420$219$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $784,000, adding $4,115 every year, while hoping to spend $27,068 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: 66/25/9 Blend
39$784,000$784,000$784,000$784,000
40$868,213$826,661$814,509$923,671
41$927,970$838,367$812,995$972,792
42$992,916$849,739$810,522$1,022,856
43$1,063,550$860,734$807,032$1,076,865
44$1,140,424$871,301$802,459$1,135,203
45$1,224,143$881,391$796,737$1,198,290
46$1,315,374$890,948$789,797$1,266,590
47$1,414,852$899,914$781,565$1,340,615
48$1,523,384$908,226$771,964$1,420,929
49$1,641,859$915,819$760,914$1,508,155
50$1,771,255$922,621$748,332$1,602,977
51$1,912,651$928,557$734,129$1,706,152
52$2,067,232$933,547$718,213$1,818,512
53$2,236,304$937,506$700,487$1,940,976
54$2,421,305$940,342$680,852$2,074,557
55$2,623,819$941,959$659,201$2,220,372
56$2,845,589$942,255$635,424$2,379,651
57$3,088,534$941,121$609,406$2,553,752
58$3,354,770$938,441$581,027$2,744,172
59$3,646,625$934,093$550,160$2,952,559
60$3,966,664$927,947$516,673$3,180,734
61$4,317,711$919,864$480,429$3,430,702
62$4,702,878$909,698$441,284$3,704,674
63$5,125,592$897,294$399,088$4,005,088
64$5,589,629$882,487$353,683$4,334,633
65$6,099,145$865,103$304,906$4,696,271
66$6,658,723$844,958$252,585$5,093,271
67$7,273,407$821,856$196,541$5,529,235
68$7,948,757$795,589$136,588$6,008,133
69$8,690,898$765,940$72,531$6,534,346
70$9,506,574$732,676$4,166$7,112,700
71$10,403,220$695,552$0$7,748,517
72$11,389,023$654,309$0$8,454,271
73$12,473,005$608,672$0$9,230,680
74$13,665,106$558,352$0$10,084,497
75$14,976,277$503,041$0$11,023,606
76$16,418,583$442,416$0$12,056,698
77$18,005,318$376,134$0$13,193,352
78$19,751,130$303,833$0$14,444,126
79$21,672,156$225,132$0$15,820,657
80$23,786,178$139,626$0$17,335,773
81$26,112,790$46,890$0$19,003,613
82$28,673,580$0$0$20,839,759
83$31,492,335$0$0$22,876,115
84$34,595,266$0$0$25,132,028
85$38,011,252$0$0$27,615,605
86$41,772,119$0$0$30,349,990
87$45,912,931$0$0$33,360,686
88$50,472,327$0$0$36,675,796
89$55,492,885$0$0$40,326,285
90$61,021,519$0$0$44,346,276
91$67,109,928$0$0$48,773,366
92$73,815,077$0$0$53,648,989
93$81,199,739$0$0$59,018,798
94$89,333,085$0$0$64,933,103
95$98,291,339$0$0$71,447,340
96$108,158,493$0$0$78,622,598
97$119,027,101$0$0$86,526,192
98$130,999,155$0$0$95,232,302
99$144,187,045$0$0$104,822,668
100$158,714,617$0$0$115,387,367