Can I retire at age 40 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$65,072$64,493$63,927$63,375$62,836$60,703
2 years$32,214$31,614$31,033$30,469$29,922$27,795
3 years$21,263$20,660$20,080$19,522$18,984$16,929
4 years$15,788$15,187$14,613$14,064$13,539$11,572
5 years$12,504$11,907$11,340$10,803$10,292$8,418
6 years$10,316$9,723$9,165$8,639$8,144$6,365
7 years$8,753$8,165$7,616$7,103$6,623$4,938
8 years$7,582$6,999$6,459$5,958$5,495$3,903
9 years$6,671$6,094$5,563$5,075$4,627$3,126
10 years$5,943$5,372$4,850$4,375$3,943$2,530
11 years$5,348$4,782$4,270$3,807$3,391$2,065
12 years$4,852$4,292$3,789$3,340$2,938$1,695
13 years$4,433$3,879$3,386$2,948$2,562$1,399
14 years$4,074$3,526$3,042$2,617$2,246$1,159
15 years$3,763$3,221$2,746$2,334$1,978$963
16 years$3,491$2,955$2,490$2,090$1,748$803
17 years$3,252$2,721$2,266$1,878$1,550$670
18 years$3,039$2,515$2,068$1,692$1,378$561
19 years$2,849$2,331$1,894$1,529$1,228$470
20 years$2,678$2,166$1,738$1,385$1,097$395
21 years$2,524$2,017$1,598$1,257$982$331
22 years$2,384$1,883$1,473$1,143$880$279
23 years$2,256$1,761$1,360$1,041$790$234
24 years$2,139$1,650$1,258$949$710$197
25 years$2,032$1,549$1,165$867$639$166
26 years$1,933$1,455$1,081$793$576$140
27 years$1,841$1,370$1,003$726$519$118
28 years$1,756$1,291$933$665$468$100
29 years$1,677$1,218$868$610$423$84
30 years$1,604$1,150$809$559$382$71
31 years$1,535$1,087$754$514$345$60
32 years$1,471$1,029$703$472$312$50
33 years$1,411$974$657$434$283$43
34 years$1,355$923$614$400$256$36
35 years$1,302$876$574$368$232$30
36 years$1,252$831$537$339$210$26
37 years$1,204$789$502$312$190$22
38 years$1,160$750$470$288$173$18
39 years$1,117$713$441$265$157$15
40 years$1,077$679$413$245$142$13
41 years$1,039$646$387$226$129$11
42 years$1,003$615$363$208$117$9
43 years$969$586$341$192$106$8
44 years$936$559$320$178$96$7
45 years$905$533$300$164$87$6
46 years$875$508$282$151$79$5
47 years$847$485$265$140$72$4
48 years$820$463$249$129$65$3
49 years$794$442$234$119$59$3
50 years$769$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 $788,000, adding $3,419 every year, while hoping to spend $38,232 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: 22/50/28 Blend
39$788,000$788,000$788,000$788,000
40$871,903$830,139$817,925$883,284
41$920,158$830,137$804,647$893,630
42$972,054$828,854$789,642$901,269
43$1,027,922$826,186$772,814$908,618
44$1,088,125$822,024$754,058$915,680
45$1,153,063$816,252$733,268$922,459
46$1,223,173$808,746$710,330$928,964
47$1,298,939$799,376$685,128$935,209
48$1,380,889$788,004$657,538$941,216
49$1,469,605$774,483$627,432$947,010
50$1,565,729$758,656$594,675$952,626
51$1,669,964$740,360$559,126$958,109
52$1,783,083$719,421$520,640$963,512
53$1,905,938$695,653$479,061$968,900
54$2,039,464$668,861$434,231$974,352
55$2,184,693$638,839$385,982$979,960
56$2,342,758$605,367$334,138$985,834
57$2,514,904$568,216$278,516$992,102
58$2,702,505$527,139$218,927$998,914
59$2,907,070$481,878$155,171$1,006,442
60$3,130,261$432,160$87,039$1,014,886
61$3,373,908$377,696$14,315$1,024,474
62$3,640,024$318,181$0$1,035,471
63$3,930,826$253,292$0$1,067,084
64$4,248,755$182,688$0$1,106,540
65$4,596,498$106,009$0$1,150,020
66$4,977,013$22,876$0$1,198,040
67$5,393,559$0$0$1,251,180
68$5,849,722$0$0$1,347,011
69$6,349,453$0$0$1,465,923
70$6,897,104$0$0$1,596,383
71$7,497,465$0$0$1,739,548
72$8,155,813$0$0$1,896,697
73$8,877,962$0$0$2,069,236
74$9,670,314$0$0$2,258,714
75$10,539,919$0$0$2,466,840
76$11,494,546$0$0$2,695,493
77$12,542,750$0$0$2,946,746
78$13,693,958$0$0$3,222,880
79$14,958,553$0$0$3,526,410
80$16,347,972$0$0$3,860,106
81$17,874,816$0$0$4,227,021
82$19,552,969$0$0$4,630,516
83$21,397,723$0$0$5,074,296
84$23,425,928$0$0$5,562,443
85$25,656,147$0$0$6,099,454
86$28,108,834$0$0$6,690,283
87$30,806,520$0$0$7,340,391
88$33,774,035$0$0$8,055,793
89$37,038,731$0$0$8,843,115
90$40,630,748$0$0$9,709,663
91$44,583,293$0$0$10,663,481
92$48,932,957$0$0$11,713,437
93$53,720,055$0$0$12,869,300
94$58,989,009$0$0$14,141,835
95$64,788,766$0$0$15,542,905
96$71,173,259$0$0$17,085,581
97$78,201,915$0$0$18,784,264
98$85,940,217$0$0$20,654,825
99$94,460,320$0$0$22,714,752
100$103,841,731$0$0$24,983,316