Can I retire at age 40 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$65,403$64,820$64,252$63,697$63,155$62,160
2 years$32,378$31,775$31,190$30,624$30,074$29,074
3 years$21,371$20,765$20,182$19,621$19,080$18,106
4 years$15,868$15,264$14,687$14,136$13,608$12,668
5 years$12,568$11,968$11,398$10,858$10,345$9,441
6 years$10,368$9,772$9,211$8,683$8,185$7,319
7 years$8,797$8,207$7,655$7,139$6,657$5,829
8 years$7,620$7,035$6,492$5,988$5,523$4,732
9 years$6,705$6,125$5,591$5,101$4,651$3,897
10 years$5,973$5,399$4,875$4,397$3,963$3,246
11 years$5,375$4,806$4,292$3,827$3,408$2,727
12 years$4,876$4,314$3,809$3,357$2,953$2,308
13 years$4,455$3,899$3,403$2,963$2,575$1,964
14 years$4,094$3,544$3,057$2,630$2,258$1,679
15 years$3,782$3,237$2,760$2,346$1,988$1,441
16 years$3,509$2,970$2,503$2,101$1,757$1,241
17 years$3,268$2,735$2,277$1,887$1,558$1,072
18 years$3,054$2,528$2,079$1,701$1,385$928
19 years$2,863$2,343$1,903$1,537$1,234$805
20 years$2,692$2,177$1,747$1,392$1,103$699
21 years$2,537$2,028$1,607$1,263$987$608
22 years$2,396$1,893$1,481$1,149$884$530
23 years$2,267$1,770$1,367$1,046$794$462
24 years$2,150$1,659$1,264$954$714$404
25 years$2,042$1,556$1,171$871$642$353
26 years$1,942$1,463$1,086$797$578$308
27 years$1,850$1,377$1,009$729$522$270
28 years$1,765$1,297$938$668$471$236
29 years$1,686$1,224$873$613$425$207
30 years$1,612$1,156$813$562$384$181
31 years$1,543$1,093$758$516$347$159
32 years$1,479$1,034$707$475$314$139
33 years$1,418$979$660$436$284$122
34 years$1,362$928$617$402$257$107
35 years$1,308$880$577$370$233$94
36 years$1,258$835$539$340$211$82
37 years$1,210$793$505$314$191$72
38 years$1,166$754$473$289$173$64
39 years$1,123$717$443$267$157$56
40 years$1,083$682$415$246$143$49
41 years$1,045$649$389$227$129$43
42 years$1,008$618$365$209$117$38
43 years$974$589$343$193$107$33
44 years$941$562$322$178$97$29
45 years$910$536$302$165$88$26
46 years$880$511$284$152$80$22
47 years$851$488$266$141$72$20
48 years$824$465$250$130$66$17
49 years$798$444$235$120$60$15
50 years$773$425$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 $792,000, adding $2,841 every year, while hoping to spend $54,138 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: 44/27/29 Blend
39$792,000$792,000$792,000$792,000
40$875,714$833,738$821,462$906,762
41$907,435$816,989$791,379$912,488
42$940,576$797,605$758,473$913,328
43$975,227$775,399$722,594$913,213
44$1,011,481$750,174$683,582$912,086
45$1,049,441$721,722$641,271$909,888
46$1,089,220$689,822$595,489$906,558
47$1,130,937$654,240$546,054$902,036
48$1,174,723$614,729$492,778$896,256
49$1,220,721$571,027$435,463$889,157
50$1,269,086$522,858$373,902$880,672
51$1,319,985$469,931$307,880$870,737
52$1,373,602$411,936$237,172$859,284
53$1,430,135$348,546$161,543$846,248
54$1,489,802$279,418$80,748$831,563
55$1,552,840$204,188$0$815,165
56$1,619,506$122,470$0$798,684
57$1,690,083$33,858$0$807,138
58$1,764,879$0$0$815,542
59$1,844,230$0$0$842,375
60$1,928,503$0$0$881,604
61$2,018,102$0$0$923,363
62$2,113,466$0$0$967,865
63$2,215,076$0$0$1,015,341
64$2,323,461$0$0$1,066,046
65$2,439,198$0$0$1,120,257
66$2,562,921$0$0$1,178,281
67$2,695,324$0$0$1,240,450
68$2,837,168$0$0$1,307,134
69$2,989,288$0$0$1,378,735
70$3,152,600$0$0$1,455,694
71$3,328,110$0$0$1,538,498
72$3,516,921$0$0$1,627,679
73$3,720,245$0$0$1,723,822
74$3,939,413$0$0$1,827,571
75$4,175,887$0$0$1,939,631
76$4,431,273$0$0$2,060,779
77$4,707,336$0$0$2,191,869
78$5,006,015$0$0$2,333,838
79$5,329,443$0$0$2,487,718
80$5,679,965$0$0$2,654,641
81$6,060,158$0$0$2,835,856
82$6,472,857$0$0$3,032,734
83$6,921,179$0$0$3,246,783
84$7,408,556$0$0$3,479,664
85$7,938,760$0$0$3,733,202
86$8,515,942$0$0$4,009,408
87$9,144,671$0$0$4,310,492
88$9,829,973$0$0$4,638,889
89$10,577,382$0$0$4,997,277
90$11,392,985$0$0$5,388,605
91$12,283,487$0$0$5,816,119
92$13,256,265$0$0$6,283,393
93$14,319,442$0$0$6,794,361
94$15,481,961$0$0$7,353,354
95$16,753,667$0$0$7,965,143
96$18,145,403$0$0$8,634,979
97$19,669,106$0$0$9,368,646
98$21,337,923$0$0$10,172,514
99$23,166,329$0$0$11,053,596
100$25,170,269$0$0$12,019,619