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%13.9%
1 years$65,320$64,738$64,171$63,616$63,075$62,056
2 years$32,337$31,734$31,151$30,585$30,036$29,012
3 years$21,344$20,739$20,157$19,596$19,056$18,059
4 years$15,848$15,245$14,669$14,118$13,591$12,628
5 years$12,552$11,952$11,384$10,844$10,332$9,407
6 years$10,355$9,760$9,200$8,672$8,175$7,289
7 years$8,786$8,196$7,645$7,130$6,648$5,801
8 years$7,610$7,026$6,484$5,981$5,516$4,707
9 years$6,696$6,117$5,584$5,094$4,645$3,874
10 years$5,965$5,392$4,868$4,391$3,958$3,225
11 years$5,368$4,800$4,286$3,822$3,404$2,708
12 years$4,870$4,308$3,804$3,352$2,950$2,290
13 years$4,449$3,894$3,398$2,960$2,572$1,947
14 years$4,089$3,539$3,054$2,627$2,255$1,664
15 years$3,777$3,233$2,757$2,343$1,985$1,427
16 years$3,504$2,966$2,500$2,098$1,755$1,228
17 years$3,264$2,732$2,275$1,885$1,556$1,060
18 years$3,051$2,524$2,076$1,699$1,383$917
19 years$2,860$2,340$1,901$1,535$1,233$795
20 years$2,688$2,174$1,744$1,390$1,101$690
21 years$2,533$2,025$1,605$1,262$986$600
22 years$2,393$1,890$1,479$1,147$883$522
23 years$2,265$1,768$1,365$1,045$793$455
24 years$2,147$1,656$1,263$953$713$397
25 years$2,039$1,554$1,170$870$641$347
26 years$1,940$1,461$1,085$796$578$303
27 years$1,848$1,375$1,007$728$521$265
28 years$1,763$1,296$936$667$470$232
29 years$1,684$1,222$871$612$424$203
30 years$1,610$1,154$812$562$383$177
31 years$1,541$1,091$757$516$347$155
32 years$1,477$1,032$706$474$314$136
33 years$1,417$978$659$436$284$119
34 years$1,360$927$616$401$257$105
35 years$1,307$879$576$369$233$92
36 years$1,256$834$539$340$211$80
37 years$1,209$792$504$313$191$70
38 years$1,164$753$472$289$173$62
39 years$1,122$716$442$266$157$54
40 years$1,081$681$415$246$143$48
41 years$1,043$649$389$227$129$42
42 years$1,007$618$365$209$117$37
43 years$973$588$342$193$106$32
44 years$940$561$321$178$97$28
45 years$909$535$302$165$88$25
46 years$879$510$283$152$80$22
47 years$850$487$266$140$72$19
48 years$823$465$250$130$66$17
49 years$797$444$235$120$60$15
50 years$772$424$221$111$54$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $791,000, adding $4,600 every year, while hoping to spend $25,791 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: 47/24/29 Blend
39$791,000$791,000$791,000$791,000
40$876,427$834,504$822,243$910,141
41$938,381$847,953$822,347$947,880
42$1,005,790$861,197$821,590$985,962
43$1,079,183$874,198$819,916$1,026,808
44$1,159,143$886,917$817,266$1,070,694
45$1,246,309$899,310$813,578$1,117,922
46$1,341,388$911,332$808,789$1,168,826
47$1,445,156$922,933$802,829$1,223,776
48$1,558,467$934,062$795,629$1,283,180
49$1,682,262$944,662$787,114$1,347,490
50$1,817,576$954,673$777,205$1,417,202
51$1,965,549$964,033$765,822$1,492,867
52$2,127,436$972,672$752,878$1,575,093
53$2,304,621$980,519$738,286$1,664,550
54$2,498,624$987,496$721,950$1,761,979
55$2,711,121$993,521$703,773$1,868,199
56$2,943,959$998,507$683,653$1,984,113
57$3,199,171$1,002,361$661,483$2,110,718
58$3,478,993$1,004,984$637,150$2,249,115
59$3,785,894$1,006,272$610,538$2,400,521
60$4,122,587$1,006,111$581,523$2,566,276
61$4,492,065$1,004,385$549,978$2,747,863
62$4,897,622$1,000,966$515,769$2,946,915
63$5,342,888$995,722$478,756$3,165,238
64$5,831,862$988,511$438,793$3,404,822
65$6,368,946$979,183$395,727$3,667,866
66$6,958,994$967,578$349,399$3,956,795
67$7,607,349$953,527$299,642$4,274,284
68$8,319,900$936,852$246,282$4,623,286
69$9,103,135$917,363$189,137$5,007,060
70$9,964,200$894,858$128,018$5,429,198
71$10,910,968$869,126$62,727$5,893,668
72$11,952,116$839,942$0$6,404,843
73$13,097,199$807,067$0$6,969,701
74$14,356,749$770,249$0$7,612,265
75$15,742,367$729,221$0$8,319,050
76$17,266,837$683,701$0$9,096,602
77$18,944,244$633,392$0$9,952,143
78$20,790,106$577,978$0$10,893,630
79$22,821,523$517,125$0$11,929,834
80$25,057,336$450,481$0$13,070,426
81$27,518,304$377,674$0$14,326,063
82$30,227,302$298,311$0$15,708,492
83$33,209,535$211,977$0$17,230,665
84$36,492,776$118,232$0$18,906,853
85$40,107,627$16,613$0$20,752,790
86$44,087,809$0$0$22,785,817
87$48,470,480$0$0$25,049,708
88$53,296,584$0$0$27,547,605
89$58,611,236$0$0$30,298,486
90$64,464,153$0$0$33,328,099
91$70,910,116$0$0$36,664,817
92$78,009,492$0$0$40,339,903
93$85,828,801$0$0$44,387,809
94$94,441,343$0$0$48,846,498
95$103,927,891$0$0$53,757,805
96$114,377,453$0$0$59,167,827
97$125,888,111$0$0$65,127,363
98$138,567,948$0$0$71,692,392
99$152,536,064$0$0$78,924,597
100$167,923,705$0$0$86,891,954