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%14.1%
1 years$64,742$64,165$63,603$63,053$62,517$61,456
2 years$32,050$31,454$30,875$30,314$29,770$28,704
3 years$21,155$20,555$19,978$19,423$18,887$17,850
4 years$15,708$15,110$14,539$13,993$13,471$12,470
5 years$12,441$11,847$11,283$10,748$10,240$9,279
6 years$10,263$9,674$9,118$8,595$8,103$7,182
7 years$8,709$8,124$7,577$7,067$6,590$5,710
8 years$7,543$6,964$6,426$5,928$5,467$4,627
9 years$6,637$6,063$5,535$5,049$4,604$3,804
10 years$5,913$5,344$4,825$4,353$3,923$3,163
11 years$5,320$4,758$4,248$3,788$3,374$2,652
12 years$4,827$4,270$3,770$3,323$2,924$2,240
13 years$4,410$3,859$3,368$2,933$2,549$1,902
14 years$4,053$3,508$3,027$2,604$2,235$1,623
15 years$3,744$3,204$2,733$2,322$1,968$1,390
16 years$3,473$2,940$2,477$2,079$1,739$1,195
17 years$3,235$2,708$2,254$1,868$1,542$1,030
18 years$3,024$2,502$2,058$1,684$1,371$889
19 years$2,835$2,319$1,884$1,521$1,222$770
20 years$2,665$2,155$1,729$1,378$1,092$667
21 years$2,511$2,007$1,590$1,250$977$579
22 years$2,372$1,874$1,466$1,137$876$504
23 years$2,244$1,752$1,353$1,035$786$438
24 years$2,128$1,642$1,252$944$706$382
25 years$2,021$1,541$1,159$862$636$333
26 years$1,923$1,448$1,075$789$573$290
27 years$1,832$1,363$998$722$516$253
28 years$1,747$1,284$928$661$466$221
29 years$1,669$1,211$864$606$421$193
30 years$1,596$1,144$805$557$380$169
31 years$1,528$1,082$750$511$344$148
32 years$1,464$1,023$700$470$311$129
33 years$1,404$969$653$432$281$113
34 years$1,348$919$610$397$255$99
35 years$1,295$871$571$366$231$87
36 years$1,245$827$534$337$209$76
37 years$1,198$785$500$311$189$66
38 years$1,154$746$468$286$172$58
39 years$1,112$710$438$264$156$51
40 years$1,072$675$411$243$141$45
41 years$1,034$643$385$225$128$39
42 years$998$612$361$207$116$34
43 years$964$583$339$191$106$30
44 years$932$556$318$177$96$26
45 years$901$530$299$163$87$23
46 years$871$506$281$151$79$20
47 years$843$483$264$139$72$18
48 years$816$461$248$129$65$15
49 years$790$440$233$119$59$14
50 years$765$420$219$110$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $784,000, adding $5,249 every year, while hoping to spend $57,350 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: 70/5/25 Blend
39$784,000$784,000$784,000$784,000
40$869,382$827,830$815,678$924,367
41$897,039$807,374$781,984$941,385
42$925,595$783,993$745,238$952,851
43$955,081$757,484$705,279$964,045
44$985,530$727,631$661,936$974,936
45$1,016,974$694,206$615,031$985,494
46$1,049,450$656,966$564,379$995,684
47$1,082,994$615,658$509,786$1,005,472
48$1,117,644$570,010$451,048$1,014,821
49$1,153,441$519,737$387,955$1,023,692
50$1,190,425$464,537$320,285$1,032,045
51$1,228,640$404,091$247,807$1,039,836
52$1,268,133$338,063$170,279$1,047,022
53$1,308,950$266,095$87,451$1,053,555
54$1,351,141$187,813$0$1,059,387
55$1,394,760$102,818$0$1,064,718
56$1,439,860$10,691$0$1,094,153
57$1,486,500$0$0$1,124,363
58$1,534,740$0$0$1,160,265
59$1,584,644$0$0$1,198,017
60$1,636,279$0$0$1,237,080
61$1,689,716$0$0$1,277,509
62$1,745,029$0$0$1,319,361
63$1,802,298$0$0$1,362,695
64$1,861,605$0$0$1,407,575
65$1,923,039$0$0$1,454,069
66$1,986,693$0$0$1,502,247
67$2,052,666$0$0$1,552,184
68$2,121,064$0$0$1,603,962
69$2,191,997$0$0$1,657,664
70$2,265,584$0$0$1,713,383
71$2,341,953$0$0$1,771,213
72$2,421,238$0$0$1,831,260
73$2,503,582$0$0$1,893,631
74$2,589,140$0$0$1,958,445
75$2,678,076$0$0$2,025,827
76$2,770,566$0$0$2,095,913
77$2,866,799$0$0$2,168,846
78$2,966,977$0$0$2,244,781
79$3,071,318$0$0$2,323,885
80$3,180,055$0$0$2,406,338
81$3,293,441$0$0$2,492,331
82$3,411,746$0$0$2,582,072
83$3,535,263$0$0$2,675,786
84$3,664,308$0$0$2,773,714
85$3,799,222$0$0$2,876,119
86$3,940,372$0$0$2,983,283
87$4,088,160$0$0$3,095,512
88$4,243,017$0$0$3,213,139
89$4,405,412$0$0$3,336,523
90$4,575,854$0$0$3,466,055
91$4,754,895$0$0$3,602,159
92$4,943,136$0$0$3,745,296
93$5,141,230$0$0$3,895,969
94$5,349,887$0$0$4,054,723
95$5,569,881$0$0$4,222,152
96$5,802,055$0$0$4,398,906
97$6,047,328$0$0$4,585,691
98$6,306,703$0$0$4,783,277
99$6,581,275$0$0$4,992,508
100$6,872,238$0$0$5,214,302