Can I retire at age 40 with 791,000?

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 $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%17.4%
1 years$65,320$64,738$64,171$63,616$63,075$61,179
2 years$32,337$31,734$31,151$30,585$30,036$28,141
3 years$21,344$20,739$20,157$19,596$19,056$17,222
4 years$15,848$15,245$14,669$14,118$13,591$11,833
5 years$12,552$11,952$11,384$10,844$10,332$8,653
6 years$10,355$9,760$9,200$8,672$8,175$6,578
7 years$8,786$8,196$7,645$7,130$6,648$5,133
8 years$7,610$7,026$6,484$5,981$5,516$4,081
9 years$6,696$6,117$5,584$5,094$4,645$3,289
10 years$5,965$5,392$4,868$4,391$3,958$2,679
11 years$5,368$4,800$4,286$3,822$3,404$2,200
12 years$4,870$4,308$3,804$3,352$2,950$1,818
13 years$4,449$3,894$3,398$2,960$2,572$1,510
14 years$4,089$3,539$3,054$2,627$2,255$1,260
15 years$3,777$3,233$2,757$2,343$1,985$1,055
16 years$3,504$2,966$2,500$2,098$1,755$885
17 years$3,264$2,732$2,275$1,885$1,556$745
18 years$3,051$2,524$2,076$1,699$1,383$628
19 years$2,860$2,340$1,901$1,535$1,233$530
20 years$2,688$2,174$1,744$1,390$1,101$448
21 years$2,533$2,025$1,605$1,262$986$380
22 years$2,393$1,890$1,479$1,147$883$322
23 years$2,265$1,768$1,365$1,045$793$273
24 years$2,147$1,656$1,263$953$713$231
25 years$2,039$1,554$1,170$870$641$197
26 years$1,940$1,461$1,085$796$578$167
27 years$1,848$1,375$1,007$728$521$142
28 years$1,763$1,296$936$667$470$121
29 years$1,684$1,222$871$612$424$103
30 years$1,610$1,154$812$562$383$87
31 years$1,541$1,091$757$516$347$74
32 years$1,477$1,032$706$474$314$63
33 years$1,417$978$659$436$284$54
34 years$1,360$927$616$401$257$46
35 years$1,307$879$576$369$233$39
36 years$1,256$834$539$340$211$33
37 years$1,209$792$504$313$191$28
38 years$1,164$753$472$289$173$24
39 years$1,122$716$442$266$157$20
40 years$1,081$681$415$246$143$17
41 years$1,043$649$389$227$129$15
42 years$1,007$618$365$209$117$13
43 years$973$588$342$193$106$11
44 years$940$561$321$178$97$9
45 years$909$535$302$165$88$8
46 years$879$510$283$152$80$7
47 years$850$487$266$140$72$6
48 years$823$465$250$130$66$5
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 $3,130 every year, while hoping to spend $20,558 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: 56/15/29 Blend
39$791,000$791,000$791,000$791,000
40$874,911$832,988$820,727$916,740
41$942,278$851,930$826,348$964,841
42$1,015,828$871,112$831,468$1,014,834
43$1,096,169$890,524$836,049$1,068,895
44$1,183,972$910,153$840,050$1,127,422
45$1,279,974$929,988$843,429$1,190,857
46$1,384,989$950,015$846,141$1,259,685
47$1,499,911$970,218$848,140$1,334,443
48$1,625,724$990,582$849,376$1,415,722
49$1,763,515$1,011,087$849,796$1,504,171
50$1,914,477$1,031,714$849,348$1,600,510
51$2,079,927$1,052,441$847,974$1,705,529
52$2,261,313$1,073,244$845,615$1,820,102
53$2,460,231$1,094,097$842,207$1,945,190
54$2,678,439$1,114,972$837,685$2,081,854
55$2,917,873$1,135,839$831,981$2,231,264
56$3,180,665$1,156,665$825,022$2,394,709
57$3,469,166$1,177,414$816,733$2,573,610
58$3,785,961$1,198,048$807,034$2,769,535
59$4,133,903$1,218,525$795,843$2,984,211
60$4,516,130$1,238,803$783,073$3,219,544
61$4,936,103$1,258,831$768,633$3,477,633
62$5,397,631$1,278,560$752,429$3,760,794
63$5,904,914$1,297,934$734,360$4,071,579
64$6,462,576$1,316,894$714,322$4,412,803
65$7,075,714$1,335,377$692,207$4,787,567
66$7,749,942$1,353,315$667,900$5,199,291
67$8,491,445$1,370,636$641,284$5,651,747
68$9,307,037$1,387,263$612,232$6,149,089
69$10,204,229$1,403,112$580,616$6,695,900
70$11,191,292$1,418,096$546,298$7,297,230
71$12,277,341$1,432,121$509,137$7,958,648
72$13,472,421$1,445,085$468,984$8,686,290
73$14,787,597$1,456,883$425,683$9,486,924
74$16,235,062$1,467,401$379,074$10,368,006
75$17,828,250$1,476,516$328,985$11,337,759
76$19,581,967$1,484,100$275,241$12,405,245
77$21,512,522$1,490,015$217,656$13,580,452
78$23,637,889$1,494,116$156,038$14,874,392
79$25,977,874$1,496,247$90,184$16,299,203
80$28,554,297$1,496,244$19,886$17,868,261
81$31,391,206$1,493,931$0$19,596,315
82$34,515,098$1,489,122$0$21,516,677
83$37,955,169$1,481,620$0$23,637,879
84$41,743,593$1,471,216$0$25,973,582
85$45,915,822$1,457,688$0$28,545,630
86$50,510,920$1,440,799$0$31,378,091
87$55,571,937$1,420,302$0$34,497,493
88$61,146,308$1,395,930$0$37,933,067
89$67,286,305$1,367,404$0$41,717,026
90$74,049,529$1,334,427$0$45,884,869
91$81,499,452$1,296,685$0$50,475,716
92$89,706,018$1,253,845$0$55,532,679
93$98,746,304$1,205,555$0$61,103,266
94$108,705,242$1,151,442$0$67,239,832
95$119,676,426$1,091,113$0$74,000,072
96$131,762,994$1,024,149$0$81,447,568
97$145,078,598$950,111$0$89,652,388
98$159,748,480$868,532$0$98,691,747
99$175,910,655$778,920$0$108,650,738
100$193,717,207$680,753$0$119,623,132