Can I retire at age 40 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$64,907$64,329$63,765$63,214$62,677$60,622
2 years$32,132$31,534$30,954$30,392$29,846$27,795
3 years$21,209$20,608$20,029$19,472$18,936$16,954
4 years$15,748$15,149$14,576$14,029$13,505$11,607
5 years$12,472$11,877$11,312$10,775$10,266$8,457
6 years$10,289$9,698$9,142$8,617$8,123$6,404
7 years$8,731$8,145$7,597$7,085$6,606$4,978
8 years$7,562$6,981$6,443$5,943$5,481$3,941
9 years$6,654$6,079$5,549$5,062$4,616$3,163
10 years$5,928$5,358$4,838$4,364$3,933$2,565
11 years$5,334$4,770$4,259$3,798$3,382$2,097
12 years$4,839$4,281$3,780$3,331$2,931$1,725
13 years$4,421$3,869$3,377$2,941$2,556$1,426
14 years$4,063$3,517$3,034$2,611$2,240$1,184
15 years$3,753$3,213$2,740$2,328$1,973$986
16 years$3,482$2,948$2,484$2,085$1,743$824
17 years$3,243$2,715$2,260$1,873$1,546$689
18 years$3,031$2,508$2,063$1,688$1,375$578
19 years$2,842$2,325$1,889$1,525$1,225$486
20 years$2,671$2,160$1,733$1,381$1,094$408
21 years$2,517$2,012$1,594$1,254$979$344
22 years$2,378$1,878$1,469$1,140$878$290
23 years$2,250$1,757$1,357$1,038$788$244
24 years$2,134$1,646$1,255$947$708$206
25 years$2,026$1,545$1,162$865$637$174
26 years$1,928$1,452$1,078$791$574$147
27 years$1,836$1,366$1,001$724$518$124
28 years$1,752$1,287$930$663$467$105
29 years$1,673$1,215$866$608$422$89
30 years$1,600$1,147$807$558$381$75
31 years$1,532$1,084$752$512$344$64
32 years$1,468$1,026$702$471$312$54
33 years$1,408$972$655$433$282$45
34 years$1,351$921$612$399$255$38
35 years$1,298$873$572$367$231$33
36 years$1,248$829$535$338$210$28
37 years$1,201$787$501$311$190$23
38 years$1,157$748$469$287$172$20
39 years$1,115$712$440$265$156$17
40 years$1,075$677$412$244$142$14
41 years$1,037$644$386$225$128$12
42 years$1,001$614$362$208$117$10
43 years$966$585$340$192$106$9
44 years$934$557$319$177$96$7
45 years$903$532$300$164$87$6
46 years$873$507$282$151$79$5
47 years$845$484$264$140$72$4
48 years$818$462$249$129$65$4
49 years$792$441$234$119$59$3
50 years$767$421$220$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $786,000, adding $6,633 every year, while hoping to spend $38,174 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: 75/15/10 Blend
39$786,000$786,000$786,000$786,000
40$873,014$831,356$819,173$936,425
41$921,445$831,476$805,998$979,248
42$973,536$830,322$791,103$1,020,692
43$1,029,620$827,791$774,389$1,065,036
44$1,090,064$823,776$755,754$1,112,553
45$1,155,269$818,159$735,090$1,163,549
46$1,225,677$810,819$712,286$1,218,355
47$1,301,772$801,625$687,223$1,277,341
48$1,384,088$790,440$659,780$1,340,913
49$1,473,210$777,117$629,828$1,409,519
50$1,569,783$761,501$597,233$1,483,654
51$1,674,515$743,429$561,854$1,563,862
52$1,788,185$722,726$523,546$1,650,746
53$1,911,650$699,210$482,155$1,744,968
54$2,045,851$672,685$437,521$1,847,262
55$2,191,827$642,945$389,476$1,958,433
56$2,350,717$609,773$337,848$2,079,372
57$2,523,777$572,939$282,452$2,211,062
58$2,712,387$532,198$223,099$2,354,587
59$2,918,068$487,293$159,590$2,511,142
60$3,142,492$437,952$91,718$2,682,045
61$3,387,502$383,886$19,266$2,868,751
62$3,655,123$324,793$0$3,072,865
63$3,947,587$260,349$0$3,302,349
64$4,267,352$190,217$0$3,555,558
65$4,617,121$114,038$0$3,832,614
66$4,999,874$31,432$0$4,135,918
67$5,418,890$0$0$4,468,117
68$5,877,779$0$0$4,841,704
69$6,380,520$0$0$5,256,706
70$6,931,490$0$0$5,711,554
71$7,535,515$0$0$6,210,235
72$8,197,907$0$0$6,757,139
73$8,924,516$0$0$7,357,100
74$9,721,787$0$0$8,015,446
75$10,596,819$0$0$8,738,043
76$11,557,433$0$0$9,531,353
77$12,612,241$0$0$10,402,494
78$13,770,731$0$0$11,359,308
79$15,043,357$0$0$12,410,434
80$16,441,633$0$0$13,565,388
81$17,978,244$0$0$14,834,653
82$19,667,166$0$0$16,229,780
83$21,523,796$0$0$17,763,492
84$23,565,094$0$0$19,449,809
85$25,809,750$0$0$21,304,175
86$28,278,353$0$0$23,343,606
87$30,993,588$0$0$25,586,852
88$33,980,448$0$0$28,054,567
89$37,266,472$0$0$30,769,512
90$40,882,000$0$0$33,756,763
91$44,860,465$0$0$37,043,949
92$49,238,700$0$0$40,661,514
93$54,057,294$0$0$44,643,002
94$59,360,965$0$0$49,025,373
95$65,198,991$0$0$53,849,353
96$71,625,667$0$0$59,159,815
97$78,700,819$0$0$65,006,206
98$86,490,370$0$0$71,443,010
99$95,066,962$0$0$78,530,262
100$104,510,634$0$0$86,334,116