Can I retire at age 40 with 787,000?

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 $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%15.9%
1 years$64,990$64,411$63,846$63,295$62,756$61,239
2 years$32,173$31,574$30,993$30,430$29,884$28,365
3 years$21,236$20,634$20,055$19,497$18,960$17,486
4 years$15,768$15,168$14,595$14,046$13,522$12,105
5 years$12,488$11,892$11,326$10,789$10,279$8,922
6 years$10,303$9,711$9,153$8,628$8,134$6,839
7 years$8,742$8,155$7,606$7,094$6,615$5,382
8 years$7,572$6,990$6,451$5,951$5,488$4,316
9 years$6,662$6,086$5,556$5,069$4,621$3,511
10 years$5,935$5,365$4,844$4,369$3,938$2,886
11 years$5,341$4,776$4,264$3,803$3,387$2,393
12 years$4,846$4,287$3,785$3,335$2,935$1,997
13 years$4,427$3,874$3,381$2,945$2,559$1,676
14 years$4,068$3,521$3,038$2,614$2,243$1,413
15 years$3,758$3,217$2,743$2,331$1,975$1,195
16 years$3,487$2,951$2,487$2,087$1,746$1,014
17 years$3,248$2,718$2,263$1,875$1,548$863
18 years$3,035$2,512$2,066$1,690$1,376$735
19 years$2,845$2,328$1,891$1,527$1,227$628
20 years$2,675$2,163$1,736$1,383$1,096$537
21 years$2,521$2,015$1,596$1,255$981$460
22 years$2,381$1,881$1,471$1,141$879$394
23 years$2,253$1,759$1,359$1,039$789$338
24 years$2,136$1,648$1,256$948$709$291
25 years$2,029$1,547$1,164$866$638$250
26 years$1,930$1,454$1,079$792$575$215
27 years$1,839$1,368$1,002$725$518$185
28 years$1,754$1,289$932$664$468$159
29 years$1,675$1,216$867$609$422$137
30 years$1,602$1,148$808$559$382$118
31 years$1,534$1,086$753$513$345$101
32 years$1,469$1,027$702$472$312$87
33 years$1,409$973$656$434$282$75
34 years$1,353$922$613$399$256$65
35 years$1,300$875$573$367$232$56
36 years$1,250$830$536$338$210$48
37 years$1,203$788$502$312$190$42
38 years$1,158$749$470$287$172$36
39 years$1,116$712$440$265$156$31
40 years$1,076$678$413$244$142$27
41 years$1,038$645$387$225$129$23
42 years$1,002$614$363$208$117$20
43 years$968$585$340$192$106$17
44 years$935$558$320$177$96$15
45 years$904$532$300$164$87$13
46 years$874$508$282$151$79$11
47 years$846$484$265$140$72$9
48 years$819$463$249$129$65$8
49 years$793$442$234$119$59$7
50 years$768$422$220$110$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $787,000, adding $6,965 every year, while hoping to spend $53,586 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: 63/12/25 Blend
39$787,000$787,000$787,000$787,000
40$874,458$832,747$820,549$923,373
41$906,638$816,537$791,022$941,085
42$940,304$797,736$758,710$953,884
43$975,551$776,162$723,464$966,678
44$1,012,483$751,619$685,125$979,473
45$1,051,211$723,903$643,531$992,279
46$1,091,856$692,795$598,511$1,005,108
47$1,134,549$658,066$549,885$1,017,978
48$1,179,434$619,472$497,467$1,030,908
49$1,226,665$576,755$441,061$1,043,923
50$1,276,412$529,644$380,464$1,057,054
51$1,328,860$477,850$315,463$1,070,338
52$1,384,208$421,069$245,835$1,083,818
53$1,442,675$358,979$171,349$1,097,547
54$1,504,500$291,241$91,761$1,111,584
55$1,569,943$217,497$6,820$1,126,000
56$1,639,290$137,366$0$1,140,877
57$1,712,850$50,449$0$1,178,670
58$1,790,962$0$0$1,220,522
59$1,874,000$0$0$1,270,579
60$1,962,369$0$0$1,330,971
61$2,056,514$0$0$1,395,342
62$2,156,922$0$0$1,464,030
63$2,264,127$0$0$1,537,405
64$2,378,714$0$0$1,615,872
65$2,501,323$0$0$1,699,874
66$2,632,658$0$0$1,789,899
67$2,773,490$0$0$1,886,480
68$2,924,663$0$0$1,990,204
69$3,087,107$0$0$2,101,714
70$3,261,841$0$0$2,221,716
71$3,449,983$0$0$2,350,985
72$3,652,761$0$0$2,490,374
73$3,871,525$0$0$2,640,817
74$4,107,758$0$0$2,803,343
75$4,363,089$0$0$2,979,081
76$4,639,308$0$0$3,169,272
77$4,938,384$0$0$3,375,283
78$5,262,481$0$0$3,598,613
79$5,613,977$0$0$3,840,913
80$5,995,490$0$0$4,103,998
81$6,409,897$0$0$4,389,864
82$6,860,364$0$0$4,700,706
83$7,350,373$0$0$5,038,942
84$7,883,757$0$0$5,407,228
85$8,464,730$0$0$5,808,491
86$9,097,932$0$0$6,245,949
87$9,788,470$0$0$6,723,145
88$10,541,963$0$0$7,243,978
89$11,364,597$0$0$7,812,741
90$12,263,181$0$0$8,434,159
91$13,245,212$0$0$9,113,433
92$14,318,942$0$0$9,856,293
93$15,493,458$0$0$10,669,042
94$16,778,766$0$0$11,558,625
95$18,185,881$0$0$12,532,688
96$19,726,937$0$0$13,599,650
97$21,415,292$0$0$14,768,784
98$23,265,659$0$0$16,050,302
99$25,294,244$0$0$17,455,451
100$27,518,892$0$0$18,996,617