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%19.5%
1 years$65,320$64,738$64,171$63,616$63,075$60,669
2 years$32,337$31,734$31,151$30,585$30,036$27,640
3 years$21,344$20,739$20,157$19,596$19,056$16,745
4 years$15,848$15,245$14,669$14,118$13,591$11,384
5 years$12,552$11,952$11,384$10,844$10,332$8,233
6 years$10,355$9,760$9,200$8,672$8,175$6,187
7 years$8,786$8,196$7,645$7,130$6,648$4,770
8 years$7,610$7,026$6,484$5,981$5,516$3,746
9 years$6,696$6,117$5,584$5,094$4,645$2,980
10 years$5,965$5,392$4,868$4,391$3,958$2,396
11 years$5,368$4,800$4,286$3,822$3,404$1,941
12 years$4,870$4,308$3,804$3,352$2,950$1,582
13 years$4,449$3,894$3,398$2,960$2,572$1,295
14 years$4,089$3,539$3,054$2,627$2,255$1,065
15 years$3,777$3,233$2,757$2,343$1,985$878
16 years$3,504$2,966$2,500$2,098$1,755$726
17 years$3,264$2,732$2,275$1,885$1,556$602
18 years$3,051$2,524$2,076$1,699$1,383$499
19 years$2,860$2,340$1,901$1,535$1,233$415
20 years$2,688$2,174$1,744$1,390$1,101$345
21 years$2,533$2,025$1,605$1,262$986$288
22 years$2,393$1,890$1,479$1,147$883$240
23 years$2,265$1,768$1,365$1,045$793$200
24 years$2,147$1,656$1,263$953$713$167
25 years$2,039$1,554$1,170$870$641$139
26 years$1,940$1,461$1,085$796$578$116
27 years$1,848$1,375$1,007$728$521$97
28 years$1,763$1,296$936$667$470$81
29 years$1,684$1,222$871$612$424$68
30 years$1,610$1,154$812$562$383$57
31 years$1,541$1,091$757$516$347$47
32 years$1,477$1,032$706$474$314$40
33 years$1,417$978$659$436$284$33
34 years$1,360$927$616$401$257$28
35 years$1,307$879$576$369$233$23
36 years$1,256$834$539$340$211$19
37 years$1,209$792$504$313$191$16
38 years$1,164$753$472$289$173$14
39 years$1,122$716$442$266$157$11
40 years$1,081$681$415$246$143$10
41 years$1,043$649$389$227$129$8
42 years$1,007$618$365$209$117$7
43 years$973$588$342$193$106$6
44 years$940$561$321$178$97$5
45 years$909$535$302$165$88$4
46 years$879$510$283$152$80$3
47 years$850$487$266$140$72$3
48 years$823$465$250$130$66$2
49 years$797$444$235$120$60$2
50 years$772$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 $791,000, adding $5,534 every year, while hoping to spend $39,106 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: 56/25/19 Blend
39$791,000$791,000$791,000$791,000
40$877,390$835,467$823,207$921,773
41$925,276$834,797$809,176$951,977
42$976,735$832,783$793,364$980,199
43$1,032,090$829,318$775,671$1,010,080
44$1,091,698$824,289$755,990$1,041,787
45$1,155,947$817,575$734,211$1,075,508
46$1,225,266$809,048$710,220$1,111,451
47$1,300,125$798,573$683,894$1,149,847
48$1,381,040$786,006$655,107$1,190,953
49$1,468,581$771,195$623,727$1,235,053
50$1,563,370$753,978$589,617$1,282,464
51$1,666,096$734,185$552,631$1,333,536
52$1,777,513$711,635$512,619$1,388,658
53$1,898,450$686,136$469,423$1,448,261
54$2,029,822$657,486$422,878$1,512,824
55$2,172,632$625,471$372,813$1,582,876
56$2,327,985$589,864$319,047$1,659,005
57$2,497,097$550,425$261,392$1,741,862
58$2,681,306$506,901$199,654$1,832,166
59$2,882,083$459,023$133,627$1,930,717
60$3,101,050$406,509$63,097$2,038,397
61$3,339,988$349,059$0$2,156,186
62$3,600,860$286,357$0$2,287,633
63$3,885,828$218,068$0$2,445,281
64$4,197,270$143,841$0$2,617,698
65$4,537,804$63,301$0$2,806,404
66$4,910,313$0$0$3,013,074
67$5,317,972$0$0$3,246,145
68$5,764,277$0$0$3,520,445
69$6,253,077$0$0$3,820,934
70$6,788,611$0$0$4,150,227
71$7,375,548$0$0$4,511,204
72$8,019,029$0$0$4,907,036
73$8,724,717$0$0$5,341,218
74$9,498,849$0$0$5,817,596
75$10,348,295$0$0$6,340,410
76$11,280,623$0$0$6,914,328
77$12,304,168$0$0$7,544,492
78$13,428,111$0$0$8,236,567
79$14,662,567$0$0$8,996,794
80$16,018,678$0$0$9,832,046
81$17,508,720$0$0$10,749,899
82$19,146,214$0$0$11,758,694
83$20,946,058$0$0$12,867,624
84$22,924,664$0$0$14,086,815
85$25,100,115$0$0$15,427,425
86$27,492,331$0$0$16,901,745
87$30,123,261$0$0$18,523,319
88$33,017,088$0$0$20,307,067
89$36,200,455$0$0$22,269,431
90$39,702,717$0$0$24,428,523
91$43,556,220$0$0$26,804,303
92$47,796,600$0$0$29,418,760
93$52,463,124$0$0$32,296,125
94$57,599,059$0$0$35,463,096
95$63,252,078$0$0$38,949,090
96$69,474,708$0$0$42,786,521
97$76,324,831$0$0$47,011,106
98$83,866,223$0$0$51,662,200
99$92,169,160$0$0$56,783,169
100$101,311,076$0$0$62,421,796