Can I retire at age 40 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$65,237$64,656$64,089$63,536$62,996$60,906
2 years$32,296$31,694$31,111$30,546$29,998$27,913
3 years$21,317$20,713$20,131$19,571$19,032$17,017
4 years$15,828$15,226$14,650$14,100$13,574$11,644
5 years$12,536$11,937$11,369$10,830$10,319$8,480
6 years$10,342$9,748$9,188$8,661$8,165$6,418
7 years$8,775$8,186$7,635$7,121$6,640$4,985
8 years$7,601$7,017$6,475$5,973$5,509$3,945
9 years$6,688$6,110$5,577$5,088$4,639$3,164
10 years$5,958$5,385$4,862$4,386$3,953$2,564
11 years$5,361$4,794$4,281$3,817$3,399$2,095
12 years$4,864$4,303$3,799$3,348$2,946$1,722
13 years$4,444$3,889$3,394$2,956$2,569$1,423
14 years$4,084$3,535$3,050$2,624$2,252$1,180
15 years$3,772$3,229$2,753$2,340$1,983$983
16 years$3,500$2,963$2,496$2,095$1,752$820
17 years$3,260$2,728$2,272$1,883$1,554$686
18 years$3,047$2,521$2,074$1,697$1,382$575
19 years$2,856$2,337$1,898$1,533$1,231$483
20 years$2,685$2,171$1,742$1,388$1,100$405
21 years$2,530$2,022$1,603$1,260$984$341
22 years$2,390$1,888$1,477$1,146$882$287
23 years$2,262$1,766$1,364$1,043$792$242
24 years$2,144$1,654$1,261$952$712$204
25 years$2,037$1,553$1,168$869$641$172
26 years$1,938$1,459$1,083$795$577$145
27 years$1,846$1,373$1,006$727$520$123
28 years$1,761$1,294$935$666$469$104
29 years$1,682$1,221$870$611$424$88
30 years$1,608$1,153$811$561$383$74
31 years$1,539$1,090$756$515$346$63
32 years$1,475$1,031$705$473$313$53
33 years$1,415$977$658$435$283$45
34 years$1,358$926$615$401$257$38
35 years$1,305$878$575$369$232$32
36 years$1,255$833$538$340$211$27
37 years$1,207$791$504$313$191$23
38 years$1,163$752$472$288$173$19
39 years$1,120$715$442$266$157$16
40 years$1,080$680$414$245$142$14
41 years$1,042$648$388$226$129$12
42 years$1,006$617$364$209$117$10
43 years$971$588$342$193$106$8
44 years$939$560$321$178$97$7
45 years$907$534$301$164$88$6
46 years$878$510$283$152$80$5
47 years$849$486$266$140$72$4
48 years$822$464$250$130$66$4
49 years$796$443$235$120$60$3
50 years$771$424$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $790,000, adding $4,027 every year, while hoping to spend $20,737 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: 66/23/11 Blend
39$790,000$790,000$790,000$790,000
40$874,734$832,864$820,619$930,107
41$941,893$851,610$826,046$986,250
42$1,015,207$870,580$830,959$1,044,765
43$1,095,282$889,763$835,320$1,108,188
44$1,182,785$909,145$839,088$1,176,997
45$1,278,451$928,715$842,219$1,251,717
46$1,383,088$948,457$844,669$1,332,928
47$1,497,586$968,355$846,388$1,421,268
48$1,622,926$988,391$847,329$1,517,440
49$1,760,188$1,008,545$847,437$1,622,219
50$1,910,559$1,028,795$846,658$1,736,457
51$2,075,349$1,049,119$844,934$1,861,096
52$2,256,000$1,069,492$842,205$1,997,170
53$2,454,100$1,089,885$838,406$2,145,820
54$2,671,397$1,110,268$833,473$2,308,305
55$2,909,819$1,130,611$827,333$2,486,010
56$3,171,487$1,150,877$819,915$2,680,461
57$3,458,738$1,171,030$811,142$2,893,340
58$3,774,148$1,191,028$800,933$3,126,502
59$4,120,551$1,210,829$789,205$3,381,990
60$4,501,074$1,230,386$775,870$3,662,053
61$4,919,156$1,249,648$760,834$3,969,174
62$5,378,591$1,268,561$744,003$4,306,086
63$5,883,555$1,287,069$725,275$4,675,802
64$6,438,650$1,305,107$704,544$5,081,643
65$7,048,947$1,322,612$681,701$5,527,267
66$7,720,030$1,339,511$656,629$6,016,707
67$8,458,056$1,355,729$629,208$6,554,407
68$9,269,803$1,371,186$599,312$7,145,265
69$10,162,742$1,385,793$566,808$7,794,680
70$11,145,105$1,399,461$531,560$8,508,599
71$12,225,961$1,412,089$493,422$9,293,578
72$13,415,302$1,423,574$452,245$10,156,844
73$14,724,138$1,433,804$407,870$11,106,360
74$16,164,600$1,442,661$360,133$12,150,901
75$17,750,054$1,450,017$308,863$13,300,139
76$19,495,231$1,455,738$253,881$14,564,735
77$21,416,357$1,459,683$194,999$15,956,435
78$23,531,316$1,461,697$132,022$17,488,188
79$25,859,811$1,461,621$64,745$19,174,262
80$28,423,554$1,459,283$0$21,030,384
81$31,246,468$1,454,500$0$23,074,712
82$34,354,918$1,447,080$0$25,333,684
83$37,777,950$1,436,817$0$27,820,770
84$41,547,575$1,423,495$0$30,559,199
85$45,699,064$1,406,883$0$33,574,569
86$50,271,284$1,386,736$0$36,895,090
87$55,307,065$1,362,796$0$40,551,850
88$60,853,601$1,334,788$0$44,579,108
89$66,962,898$1,302,422$0$49,014,619
90$73,692,263$1,265,391$0$53,899,990
91$81,104,847$1,223,368$0$59,281,072
92$89,270,237$1,176,009$0$65,208,394
93$98,265,118$1,122,950$0$71,737,643
94$108,173,989$1,063,804$0$78,930,184
95$119,089,969$998,163$0$86,853,644
96$131,115,670$925,597$0$95,582,552
97$144,364,165$845,648$0$105,199,038
98$158,960,060$757,835$0$115,793,614
99$175,040,665$661,648$0$127,466,024
100$192,757,291$556,547$0$140,326,192