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%17.3%
1 years$65,237$64,656$64,089$63,536$62,996$61,126
2 years$32,296$31,694$31,111$30,546$29,998$28,130
3 years$21,317$20,713$20,131$19,571$19,032$17,224
4 years$15,828$15,226$14,650$14,100$13,574$11,840
5 years$12,536$11,937$11,369$10,830$10,319$8,663
6 years$10,342$9,748$9,188$8,661$8,165$6,589
7 years$8,775$8,186$7,635$7,121$6,640$5,145
8 years$7,601$7,017$6,475$5,973$5,509$4,092
9 years$6,688$6,110$5,577$5,088$4,639$3,300
10 years$5,958$5,385$4,862$4,386$3,953$2,690
11 years$5,361$4,794$4,281$3,817$3,399$2,210
12 years$4,864$4,303$3,799$3,348$2,946$1,828
13 years$4,444$3,889$3,394$2,956$2,569$1,520
14 years$4,084$3,535$3,050$2,624$2,252$1,269
15 years$3,772$3,229$2,753$2,340$1,983$1,063
16 years$3,500$2,963$2,496$2,095$1,752$893
17 years$3,260$2,728$2,272$1,883$1,554$752
18 years$3,047$2,521$2,074$1,697$1,382$634
19 years$2,856$2,337$1,898$1,533$1,231$536
20 years$2,685$2,171$1,742$1,388$1,100$453
21 years$2,530$2,022$1,603$1,260$984$384
22 years$2,390$1,888$1,477$1,146$882$326
23 years$2,262$1,766$1,364$1,043$792$276
24 years$2,144$1,654$1,261$952$712$235
25 years$2,037$1,553$1,168$869$641$199
26 years$1,938$1,459$1,083$795$577$170
27 years$1,846$1,373$1,006$727$520$144
28 years$1,761$1,294$935$666$469$123
29 years$1,682$1,221$870$611$424$104
30 years$1,608$1,153$811$561$383$89
31 years$1,539$1,090$756$515$346$76
32 years$1,475$1,031$705$473$313$64
33 years$1,415$977$658$435$283$55
34 years$1,358$926$615$401$257$47
35 years$1,305$878$575$369$232$40
36 years$1,255$833$538$340$211$34
37 years$1,207$791$504$313$191$29
38 years$1,163$752$472$288$173$25
39 years$1,120$715$442$266$157$21
40 years$1,080$680$414$245$142$18
41 years$1,042$648$388$226$129$15
42 years$1,006$617$364$209$117$13
43 years$971$588$342$193$106$11
44 years$939$560$321$178$97$9
45 years$907$534$301$164$88$8
46 years$878$510$283$152$80$7
47 years$849$486$266$140$72$6
48 years$822$464$250$130$66$5
49 years$796$443$235$120$60$4
50 years$771$424$221$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $790,000, adding $4,964 every year, while hoping to spend $27,531 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: 70/12/18 Blend
39$790,000$790,000$790,000$790,000
40$875,700$833,830$821,585$932,891
41$935,729$845,395$819,816$983,190
42$1,000,958$856,604$817,064$1,034,484
43$1,071,888$867,410$813,268$1,089,933
44$1,149,072$877,765$808,364$1,149,945
45$1,233,115$887,613$802,282$1,214,969
46$1,324,687$896,900$794,952$1,285,500
47$1,424,521$905,564$786,299$1,362,083
48$1,533,427$913,542$776,245$1,445,319
49$1,652,295$920,763$764,708$1,535,872
50$1,782,105$927,157$751,601$1,634,472
51$1,923,935$932,643$736,836$1,741,926
52$2,078,974$937,140$720,317$1,859,121
53$2,248,529$940,560$701,948$1,987,037
54$2,434,040$942,808$681,624$2,126,754
55$2,637,093$943,786$659,238$2,279,462
56$2,859,432$943,387$634,679$2,446,474
57$3,102,980$941,500$607,827$2,629,237
58$3,369,855$938,004$578,560$2,829,346
59$3,662,387$932,773$546,749$3,048,560
60$3,983,146$925,674$512,260$3,288,818
61$4,334,958$916,564$474,952$3,552,257
62$4,720,940$905,291$434,679$3,841,235
63$5,144,522$891,696$391,287$4,158,350
64$5,609,483$875,610$344,615$4,506,466
65$6,119,988$856,852$294,497$4,888,742
66$6,680,622$835,233$240,758$5,308,658
67$7,296,437$810,551$183,214$5,770,053
68$7,972,998$782,593$121,677$6,277,157
69$8,716,437$751,133$55,946$6,834,635
70$9,533,507$715,932$0$7,447,629
71$10,431,651$676,739$0$8,124,534
72$11,419,066$633,285$0$8,880,515
73$12,504,783$585,289$0$9,711,748
74$13,698,755$532,452$0$10,625,871
75$15,011,944$474,458$0$11,631,301
76$16,456,429$410,974$0$12,737,313
77$18,045,520$341,646$0$13,954,131
78$19,793,880$266,104$0$15,293,017
79$21,717,665$183,953$0$16,766,385
80$23,834,679$94,778$0$18,387,916
81$26,164,535$0$0$20,172,684
82$28,728,845$0$0$22,137,549
83$31,551,425$0$0$24,314,135
84$34,658,513$0$0$26,710,167
85$38,079,023$0$0$29,347,947
86$41,844,813$0$0$32,252,052
87$45,990,988$0$0$35,449,560
88$50,556,230$0$0$38,970,309
89$55,583,163$0$0$42,847,179
90$61,118,754$0$0$47,116,399
91$67,214,758$0$0$51,817,893
92$73,928,204$0$0$56,995,650
93$81,321,934$0$0$62,698,148
94$89,465,195$0$0$68,978,801
95$98,434,295$0$0$75,896,473
96$108,313,317$0$0$83,516,025
97$119,194,920$0$0$91,908,932
98$131,181,206$0$0$101,153,956
99$144,384,688$0$0$111,337,886
100$158,929,350$0$0$122,556,363