Can I retire at age 40 with 790,000?

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 $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%
1 years$65,237$64,656$64,089$63,536$62,996$60,955
2 years$32,296$31,694$31,111$30,546$29,998$27,961
3 years$21,317$20,713$20,131$19,571$19,032$17,063
4 years$15,828$15,226$14,650$14,100$13,574$11,687
5 years$12,536$11,937$11,369$10,830$10,319$8,520
6 years$10,342$9,748$9,188$8,661$8,165$6,456
7 years$8,775$8,186$7,635$7,121$6,640$5,020
8 years$7,601$7,017$6,475$5,973$5,509$3,977
9 years$6,688$6,110$5,577$5,088$4,639$3,194
10 years$5,958$5,385$4,862$4,386$3,953$2,591
11 years$5,361$4,794$4,281$3,817$3,399$2,120
12 years$4,864$4,303$3,799$3,348$2,946$1,745
13 years$4,444$3,889$3,394$2,956$2,569$1,444
14 years$4,084$3,535$3,050$2,624$2,252$1,199
15 years$3,772$3,229$2,753$2,340$1,983$1,000
16 years$3,500$2,963$2,496$2,095$1,752$836
17 years$3,260$2,728$2,272$1,883$1,554$700
18 years$3,047$2,521$2,074$1,697$1,382$588
19 years$2,856$2,337$1,898$1,533$1,231$494
20 years$2,685$2,171$1,742$1,388$1,100$416
21 years$2,530$2,022$1,603$1,260$984$350
22 years$2,390$1,888$1,477$1,146$882$295
23 years$2,262$1,766$1,364$1,043$792$249
24 years$2,144$1,654$1,261$952$712$211
25 years$2,037$1,553$1,168$869$641$178
26 years$1,938$1,459$1,083$795$577$150
27 years$1,846$1,373$1,006$727$520$127
28 years$1,761$1,294$935$666$469$108
29 years$1,682$1,221$870$611$424$91
30 years$1,608$1,153$811$561$383$77
31 years$1,539$1,090$756$515$346$65
32 years$1,475$1,031$705$473$313$55
33 years$1,415$977$658$435$283$47
34 years$1,358$926$615$401$257$40
35 years$1,305$878$575$369$232$34
36 years$1,255$833$538$340$211$28
37 years$1,207$791$504$313$191$24
38 years$1,163$752$472$288$173$20
39 years$1,120$715$442$266$157$17
40 years$1,080$680$414$245$142$15
41 years$1,042$648$388$226$129$12
42 years$1,006$617$364$209$117$11
43 years$971$588$342$193$106$9
44 years$939$560$321$178$97$8
45 years$907$534$301$164$88$6
46 years$878$510$283$152$80$5
47 years$849$486$266$140$72$5
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 $6,079 every year, while hoping to spend $56,594 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: 65/13/22 Blend
39$790,000$790,000$790,000$790,000
40$876,850$834,980$822,735$928,518
41$906,074$815,679$790,082$944,715
42$936,381$793,535$754,437$955,452
43$967,823$768,349$715,642$965,875
44$1,000,454$739,911$673,529$975,956
45$1,034,331$707,998$627,923$985,668
46$1,069,517$672,374$578,642$994,980
47$1,106,076$632,789$525,496$1,003,863
48$1,144,080$588,980$468,284$1,012,286
49$1,183,604$540,667$406,799$1,020,217
50$1,224,728$487,557$340,823$1,027,625
51$1,267,539$429,336$270,130$1,034,478
52$1,312,131$365,676$194,482$1,040,745
53$1,358,603$296,229$113,631$1,046,393
54$1,407,063$220,626$27,321$1,051,391
55$1,457,627$138,481$0$1,055,708
56$1,510,421$49,382$0$1,074,522
57$1,565,579$0$0$1,100,429
58$1,623,248$0$0$1,133,789
59$1,683,585$0$0$1,176,097
60$1,746,763$0$0$1,220,411
61$1,812,964$0$0$1,266,861
62$1,882,392$0$0$1,315,591
63$1,955,263$0$0$1,366,757
64$2,031,814$0$0$1,420,526
65$2,112,303$0$0$1,477,082
66$2,197,008$0$0$1,536,623
67$2,286,235$0$0$1,599,368
68$2,380,315$0$0$1,665,552
69$2,479,608$0$0$1,735,433
70$2,584,510$0$0$1,809,291
71$2,695,448$0$0$1,887,434
72$2,812,893$0$0$1,970,195
73$2,937,357$0$0$2,057,941
74$3,069,398$0$0$2,151,070
75$3,209,629$0$0$2,250,021
76$3,358,719$0$0$2,355,269
77$3,517,401$0$0$2,467,339
78$3,686,474$0$0$2,586,803
79$3,866,817$0$0$2,714,288
80$4,059,392$0$0$2,850,480
81$4,265,251$0$0$2,996,133
82$4,485,550$0$0$3,152,073
83$4,721,554$0$0$3,319,203
84$4,974,653$0$0$3,498,518
85$5,246,370$0$0$3,691,107
86$5,538,377$0$0$3,898,166
87$5,852,512$0$0$4,121,008
88$6,190,788$0$0$4,361,074
89$6,555,420$0$0$4,619,948
90$6,948,839$0$0$4,899,370
91$7,373,717$0$0$5,201,250
92$7,832,990$0$0$5,527,690
93$8,329,884$0$0$5,880,999
94$8,867,946$0$0$6,263,713
95$9,451,076$0$0$6,678,624
96$10,083,560$0$0$7,128,800
97$10,770,115$0$0$7,617,617
98$11,515,927$0$0$8,148,786
99$12,326,699$0$0$8,726,390
100$13,208,710$0$0$9,354,923