Can I retire at age 40 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$65,320$64,738$64,171$63,616$63,075$61,105
2 years$32,337$31,734$31,151$30,585$30,036$28,069
3 years$21,344$20,739$20,157$19,596$19,056$17,153
4 years$15,848$15,245$14,669$14,118$13,591$11,767
5 years$12,552$11,952$11,384$10,844$10,332$8,592
6 years$10,355$9,760$9,200$8,672$8,175$6,521
7 years$8,786$8,196$7,645$7,130$6,648$5,080
8 years$7,610$7,026$6,484$5,981$5,516$4,031
9 years$6,696$6,117$5,584$5,094$4,645$3,243
10 years$5,965$5,392$4,868$4,391$3,958$2,636
11 years$5,368$4,800$4,286$3,822$3,404$2,161
12 years$4,870$4,308$3,804$3,352$2,950$1,782
13 years$4,449$3,894$3,398$2,960$2,572$1,478
14 years$4,089$3,539$3,054$2,627$2,255$1,230
15 years$3,777$3,233$2,757$2,343$1,985$1,028
16 years$3,504$2,966$2,500$2,098$1,755$861
17 years$3,264$2,732$2,275$1,885$1,556$723
18 years$3,051$2,524$2,076$1,699$1,383$608
19 years$2,860$2,340$1,901$1,535$1,233$512
20 years$2,688$2,174$1,744$1,390$1,101$432
21 years$2,533$2,025$1,605$1,262$986$365
22 years$2,393$1,890$1,479$1,147$883$308
23 years$2,265$1,768$1,365$1,045$793$261
24 years$2,147$1,656$1,263$953$713$221
25 years$2,039$1,554$1,170$870$641$187
26 years$1,940$1,461$1,085$796$578$159
27 years$1,848$1,375$1,007$728$521$134
28 years$1,763$1,296$936$667$470$114
29 years$1,684$1,222$871$612$424$97
30 years$1,610$1,154$812$562$383$82
31 years$1,541$1,091$757$516$347$70
32 years$1,477$1,032$706$474$314$59
33 years$1,417$978$659$436$284$50
34 years$1,360$927$616$401$257$43
35 years$1,307$879$576$369$233$36
36 years$1,256$834$539$340$211$31
37 years$1,209$792$504$313$191$26
38 years$1,164$753$472$289$173$22
39 years$1,122$716$442$266$157$19
40 years$1,081$681$415$246$143$16
41 years$1,043$649$389$227$129$14
42 years$1,007$618$365$209$117$12
43 years$973$588$342$193$106$10
44 years$940$561$321$178$97$8
45 years$909$535$302$165$88$7
46 years$879$510$283$152$80$6
47 years$850$487$266$140$72$5
48 years$823$465$250$130$66$4
49 years$797$444$235$120$60$4
50 years$772$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 $791,000, adding $4,382 every year, while hoping to spend $27,620 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: 87/7/6 Blend
39$791,000$791,000$791,000$791,000
40$876,202$834,279$822,019$951,859
41$936,187$845,771$820,169$1,013,291
42$1,001,365$856,901$817,331$1,076,509
43$1,072,236$867,621$813,444$1,145,092
44$1,149,351$877,881$808,441$1,219,561
45$1,233,316$887,629$802,255$1,300,489
46$1,324,798$896,806$794,814$1,388,507
47$1,424,529$905,351$786,042$1,484,309
48$1,533,318$913,200$775,861$1,588,660
49$1,652,054$920,284$764,190$1,702,401
50$1,781,713$926,529$750,941$1,826,460
51$1,923,375$931,855$736,024$1,961,858
52$2,078,224$936,181$719,345$2,109,720
53$2,247,565$939,416$700,805$2,271,284
54$2,432,836$941,466$680,302$2,447,917
55$2,635,619$942,232$657,726$2,641,120
56$2,857,657$941,606$632,964$2,852,550
57$3,100,869$939,476$605,900$3,084,031
58$3,367,368$935,721$576,408$3,337,572
59$3,659,481$930,213$544,359$3,615,389
60$3,979,773$922,818$509,619$3,919,920
61$4,331,065$913,391$472,047$4,253,854
62$4,716,468$901,781$431,495$4,620,150
63$5,139,406$887,827$387,809$5,022,071
64$5,603,653$871,358$340,827$5,463,213
65$6,113,363$852,193$290,383$5,947,535
66$6,673,116$830,139$236,300$6,479,403
67$7,287,953$804,996$178,396$7,063,624
68$7,963,430$776,546$116,478$7,705,498
69$8,705,667$744,565$50,347$8,410,862
70$9,521,407$708,810$0$9,186,152
71$10,418,076$669,027$0$10,039,750
72$11,403,858$624,948$0$10,981,697
73$12,487,769$576,288$0$12,017,391
74$13,679,742$522,746$0$13,156,332
75$14,990,719$464,005$0$14,408,988
76$16,432,759$399,728$0$15,786,895
77$18,019,147$329,560$0$17,302,764
78$19,764,518$253,127$0$18,970,600
79$21,685,001$170,033$0$20,805,836
80$23,798,366$79,858$0$22,825,478
81$26,124,190$0$0$25,048,265
82$28,684,048$0$0$27,496,220
83$31,501,710$0$0$30,197,489
84$34,603,368$0$0$33,171,032
85$38,017,882$0$0$36,444,518
86$41,777,053$0$0$40,048,436
87$45,915,922$0$0$44,016,382
88$50,473,101$0$0$48,385,372
89$55,491,135$0$0$53,196,198
90$61,016,907$0$0$58,493,807
91$67,102,075$0$0$64,327,727
92$73,803,567$0$0$70,752,535
93$81,184,109$0$0$77,828,370
94$89,312,822$0$0$85,621,501
95$98,265,874$0$0$94,204,953
96$108,127,197$0$0$103,659,193
97$118,989,278$0$0$114,072,894
98$130,954,033$0$0$125,543,767
99$144,133,771$0$0$138,179,485
100$158,652,249$0$0$152,098,700