Can I retire at age 40 with 787,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$64,990$64,411$63,846$63,295$62,756$60,602
2 years$32,173$31,574$30,993$30,430$29,884$27,736
3 years$21,236$20,634$20,055$19,497$18,960$16,884
4 years$15,768$15,168$14,595$14,046$13,522$11,536
5 years$12,488$11,892$11,326$10,789$10,279$8,388
6 years$10,303$9,711$9,153$8,628$8,134$6,338
7 years$8,742$8,155$7,606$7,094$6,615$4,915
8 years$7,572$6,990$6,451$5,951$5,488$3,882
9 years$6,662$6,086$5,556$5,069$4,621$3,108
10 years$5,935$5,365$4,844$4,369$3,938$2,514
11 years$5,341$4,776$4,264$3,803$3,387$2,050
12 years$4,846$4,287$3,785$3,335$2,935$1,682
13 years$4,427$3,874$3,381$2,945$2,559$1,387
14 years$4,068$3,521$3,038$2,614$2,243$1,148
15 years$3,758$3,217$2,743$2,331$1,975$954
16 years$3,487$2,951$2,487$2,087$1,746$794
17 years$3,248$2,718$2,263$1,875$1,548$663
18 years$3,035$2,512$2,066$1,690$1,376$554
19 years$2,845$2,328$1,891$1,527$1,227$464
20 years$2,675$2,163$1,736$1,383$1,096$389
21 years$2,521$2,015$1,596$1,255$981$327
22 years$2,381$1,881$1,471$1,141$879$274
23 years$2,253$1,759$1,359$1,039$789$231
24 years$2,136$1,648$1,256$948$709$194
25 years$2,029$1,547$1,164$866$638$163
26 years$1,930$1,454$1,079$792$575$137
27 years$1,839$1,368$1,002$725$518$116
28 years$1,754$1,289$932$664$468$98
29 years$1,675$1,216$867$609$422$82
30 years$1,602$1,148$808$559$382$69
31 years$1,534$1,086$753$513$345$58
32 years$1,469$1,027$702$472$312$49
33 years$1,409$973$656$434$282$42
34 years$1,353$922$613$399$256$35
35 years$1,300$875$573$367$232$30
36 years$1,250$830$536$338$210$25
37 years$1,203$788$502$312$190$21
38 years$1,158$749$470$287$172$18
39 years$1,116$712$440$265$156$15
40 years$1,076$678$413$244$142$13
41 years$1,038$645$387$225$129$11
42 years$1,002$614$363$208$117$9
43 years$968$585$340$192$106$8
44 years$935$558$320$177$96$6
45 years$904$532$300$164$87$5
46 years$874$508$282$151$79$5
47 years$846$484$265$140$72$4
48 years$819$463$249$129$65$3
49 years$793$442$234$119$59$3
50 years$768$422$220$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $787,000, adding $6,253 every year, while hoping to spend $34,280 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: 39/42/19 Blend
39$787,000$787,000$787,000$787,000
40$873,724$832,013$819,814$902,630
41$926,370$836,308$810,805$928,243
42$983,237$839,664$800,344$952,185
43$1,044,720$842,000$788,348$977,362
44$1,111,251$843,228$774,727$1,003,903
45$1,183,308$843,255$759,390$1,031,956
46$1,261,413$841,983$742,237$1,061,683
47$1,346,144$839,307$723,169$1,093,264
48$1,438,134$835,116$702,078$1,126,904
49$1,538,078$829,292$678,853$1,162,827
50$1,646,745$821,710$653,377$1,201,285
51$1,764,977$812,237$625,529$1,242,558
52$1,893,702$800,734$595,182$1,286,959
53$2,033,941$787,051$562,201$1,334,834
54$2,186,817$771,031$526,449$1,386,569
55$2,353,567$752,506$487,780$1,442,595
56$2,535,552$731,300$446,042$1,503,388
57$2,734,270$707,226$401,076$1,569,479
58$2,951,370$680,084$352,717$1,641,456
59$3,188,668$649,667$300,791$1,719,974
60$3,448,162$615,750$245,117$1,805,758
61$3,732,054$578,101$185,508$1,899,615
62$4,042,766$536,471$121,765$2,002,437
63$4,382,967$490,597$53,683$2,115,215
64$4,755,596$440,202$0$2,239,049
65$5,163,888$384,993$0$2,379,003
66$5,611,407$324,661$0$2,544,443
67$6,102,079$258,877$0$2,726,017
68$6,640,226$187,297$0$2,925,431
69$7,230,609$109,555$0$3,144,571
70$7,878,474$25,265$0$3,385,519
71$8,589,596$0$0$3,650,579
72$9,370,340$0$0$3,972,789
73$10,227,715$0$0$4,339,558
74$11,169,442$0$0$4,742,526
75$12,204,028$0$0$5,185,347
76$13,340,845$0$0$5,672,047
77$14,590,214$0$0$6,207,062
78$15,963,510$0$0$6,795,276
79$17,473,264$0$0$7,442,074
80$19,133,278$0$0$8,153,386
81$20,958,762$0$0$8,935,747
82$22,966,474$0$0$9,796,356
83$25,174,875$0$0$10,743,146
84$27,604,305$0$0$11,784,856
85$30,277,178$0$0$12,931,118
86$33,218,187$0$0$14,192,540
87$36,454,540$0$0$15,580,815
88$40,016,216$0$0$17,108,823
89$43,936,247$0$0$18,790,760
90$48,251,031$0$0$20,642,264
91$53,000,670$0$0$22,680,570
92$58,229,357$0$0$24,924,666
93$63,985,781$0$0$27,395,476
94$70,323,598$0$0$30,116,056
95$77,301,926$0$0$33,111,812
96$84,985,912$0$0$36,410,739
97$93,447,338$0$0$40,043,684
98$102,765,306$0$0$44,044,639
99$113,026,976$0$0$48,451,062
100$124,328,393$0$0$53,304,227