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%19.6%
1 years$65,237$64,656$64,089$63,536$62,996$60,568
2 years$32,296$31,694$31,111$30,546$29,998$27,581
3 years$21,317$20,713$20,131$19,571$19,032$16,702
4 years$15,828$15,226$14,650$14,100$13,574$11,348
5 years$12,536$11,937$11,369$10,830$10,319$8,203
6 years$10,342$9,748$9,188$8,661$8,165$6,161
7 years$8,775$8,186$7,635$7,121$6,640$4,748
8 years$7,601$7,017$6,475$5,973$5,509$3,726
9 years$6,688$6,110$5,577$5,088$4,639$2,963
10 years$5,958$5,385$4,862$4,386$3,953$2,380
11 years$5,361$4,794$4,281$3,817$3,399$1,926
12 years$4,864$4,303$3,799$3,348$2,946$1,569
13 years$4,444$3,889$3,394$2,956$2,569$1,284
14 years$4,084$3,535$3,050$2,624$2,252$1,055
15 years$3,772$3,229$2,753$2,340$1,983$869
16 years$3,500$2,963$2,496$2,095$1,752$718
17 years$3,260$2,728$2,272$1,883$1,554$595
18 years$3,047$2,521$2,074$1,697$1,382$493
19 years$2,856$2,337$1,898$1,533$1,231$410
20 years$2,685$2,171$1,742$1,388$1,100$341
21 years$2,530$2,022$1,603$1,260$984$283
22 years$2,390$1,888$1,477$1,146$882$236
23 years$2,262$1,766$1,364$1,043$792$197
24 years$2,144$1,654$1,261$952$712$164
25 years$2,037$1,553$1,168$869$641$137
26 years$1,938$1,459$1,083$795$577$114
27 years$1,846$1,373$1,006$727$520$95
28 years$1,761$1,294$935$666$469$80
29 years$1,682$1,221$870$611$424$66
30 years$1,608$1,153$811$561$383$56
31 years$1,539$1,090$756$515$346$46
32 years$1,475$1,031$705$473$313$39
33 years$1,415$977$658$435$283$32
34 years$1,358$926$615$401$257$27
35 years$1,305$878$575$369$232$23
36 years$1,255$833$538$340$211$19
37 years$1,207$791$504$313$191$16
38 years$1,163$752$472$288$173$13
39 years$1,120$715$442$266$157$11
40 years$1,080$680$414$245$142$9
41 years$1,042$648$388$226$129$8
42 years$1,006$617$364$209$117$6
43 years$971$588$342$193$106$5
44 years$939$560$321$178$97$5
45 years$907$534$301$164$88$4
46 years$878$510$283$152$80$3
47 years$849$486$266$140$72$3
48 years$822$464$250$130$66$2
49 years$796$443$235$120$60$2
50 years$771$424$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $790,000, adding $6,164 every year, while hoping to spend $27,546 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: 31/47/22 Blend
39$790,000$790,000$790,000$790,000
40$876,938$835,068$822,823$897,984
41$937,077$846,678$821,079$926,068
42$1,002,427$857,933$818,353$953,380
43$1,073,490$868,787$814,584$982,210
44$1,150,820$879,192$809,706$1,012,709
45$1,235,024$889,092$803,651$1,045,042
46$1,326,771$898,433$796,348$1,079,394
47$1,426,799$907,153$787,723$1,115,971
48$1,535,917$915,188$777,697$1,154,998
49$1,655,018$922,470$766,187$1,196,730
50$1,785,085$928,926$753,109$1,241,446
51$1,927,198$934,477$738,372$1,289,457
52$2,082,547$939,042$721,883$1,341,107
53$2,252,443$942,532$703,543$1,396,778
54$2,438,330$944,853$683,249$1,456,894
55$2,641,795$945,906$660,893$1,521,923
56$2,864,588$945,586$636,363$1,592,387
57$3,108,636$943,779$609,541$1,668,861
58$3,376,061$940,368$580,305$1,751,983
59$3,669,199$935,226$548,525$1,842,461
60$3,990,623$928,218$514,066$1,941,076
61$4,343,168$919,203$476,789$2,048,695
62$4,729,957$908,029$436,547$2,166,277
63$5,154,427$894,537$393,186$2,294,884
64$5,620,366$878,557$346,545$2,435,688
65$6,131,947$859,910$296,458$2,589,989
66$6,693,766$838,406$242,750$2,759,225
67$7,310,886$813,843$185,238$2,944,983
68$7,988,884$786,010$123,731$3,149,021
69$8,733,905$754,679$58,031$3,373,282
70$9,552,718$719,613$0$3,619,914
71$10,452,781$680,560$0$3,894,128
72$11,442,309$637,252$0$4,210,431
73$12,530,355$589,407$0$4,558,141
74$13,726,890$536,727$0$4,940,517
75$15,042,903$478,897$0$5,361,156
76$16,490,499$415,582$0$5,824,030
77$18,083,016$346,432$0$6,333,520
78$19,835,151$271,074$0$6,894,464
79$21,763,094$189,115$0$7,512,199
80$23,884,688$100,139$0$8,192,614
81$26,219,589$3,710$0$8,942,209
82$28,789,459$0$0$9,768,154
83$31,618,162$0$0$10,730,409
84$34,731,997$0$0$11,791,921
85$38,159,939$0$0$12,960,668
86$41,933,918$0$0$14,247,556
87$46,089,116$0$0$15,664,600
88$50,664,298$0$0$17,225,043
89$55,702,183$0$0$18,943,474
90$61,249,842$0$0$20,835,971
91$67,359,141$0$0$22,920,252
92$74,087,236$0$0$25,215,838
93$81,497,108$0$0$27,744,242
94$89,658,154$0$0$30,529,170
95$98,646,850$0$0$33,596,743
96$108,547,466$0$0$36,975,747
97$119,452,861$0$0$40,697,902
98$131,465,364$0$0$44,798,161
99$144,697,733$0$0$49,315,042
100$159,274,226$0$0$54,290,991