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%14.7%
1 years$65,403$64,820$64,252$63,697$63,155$61,931
2 years$32,378$31,775$31,190$30,624$30,074$28,845
3 years$21,371$20,765$20,182$19,621$19,080$17,886
4 years$15,868$15,264$14,687$14,136$13,608$12,457
5 years$12,568$11,968$11,398$10,858$10,345$9,240
6 years$10,368$9,772$9,211$8,683$8,185$7,129
7 years$8,797$8,207$7,655$7,139$6,657$5,648
8 years$7,620$7,035$6,492$5,988$5,523$4,562
9 years$6,705$6,125$5,591$5,101$4,651$3,737
10 years$5,973$5,399$4,875$4,397$3,963$3,095
11 years$5,375$4,806$4,292$3,827$3,408$2,586
12 years$4,876$4,314$3,809$3,357$2,953$2,175
13 years$4,455$3,899$3,403$2,963$2,575$1,840
14 years$4,094$3,544$3,057$2,630$2,258$1,564
15 years$3,782$3,237$2,760$2,346$1,988$1,334
16 years$3,509$2,970$2,503$2,101$1,757$1,142
17 years$3,268$2,735$2,277$1,887$1,558$980
18 years$3,054$2,528$2,079$1,701$1,385$842
19 years$2,863$2,343$1,903$1,537$1,234$726
20 years$2,692$2,177$1,747$1,392$1,103$626
21 years$2,537$2,028$1,607$1,263$987$541
22 years$2,396$1,893$1,481$1,149$884$468
23 years$2,267$1,770$1,367$1,046$794$406
24 years$2,150$1,659$1,264$954$714$352
25 years$2,042$1,556$1,171$871$642$305
26 years$1,942$1,463$1,086$797$578$265
27 years$1,850$1,377$1,009$729$522$230
28 years$1,765$1,297$938$668$471$200
29 years$1,686$1,224$873$613$425$174
30 years$1,612$1,156$813$562$384$151
31 years$1,543$1,093$758$516$347$132
32 years$1,479$1,034$707$475$314$114
33 years$1,418$979$660$436$284$100
34 years$1,362$928$617$402$257$87
35 years$1,308$880$577$370$233$76
36 years$1,258$835$539$340$211$66
37 years$1,210$793$505$314$191$57
38 years$1,166$754$473$289$173$50
39 years$1,123$717$443$267$157$43
40 years$1,083$682$415$246$143$38
41 years$1,045$649$389$227$129$33
42 years$1,008$618$365$209$117$29
43 years$974$589$343$193$107$25
44 years$941$562$322$178$97$22
45 years$910$536$302$165$88$19
46 years$880$511$284$152$80$17
47 years$851$488$266$141$72$14
48 years$824$465$250$130$66$13
49 years$798$444$235$120$60$11
50 years$773$425$221$111$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $792,000, adding $3,948 every year, while hoping to spend $57,946 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: 71/13/16 Blend
39$792,000$792,000$792,000$792,000
40$876,856$834,880$822,604$935,606
41$904,642$814,135$788,508$954,409
42$933,319$790,432$751,326$967,629
43$962,918$763,564$710,896$980,607
44$993,470$733,312$667,045$993,309
45$1,025,006$699,447$619,594$1,005,699
46$1,057,561$661,724$568,355$1,017,738
47$1,091,168$619,885$513,131$1,029,386
48$1,125,864$573,656$453,717$1,040,601
49$1,161,686$522,749$389,901$1,051,337
50$1,198,673$466,859$321,457$1,061,546
51$1,236,865$405,662$248,154$1,071,178
52$1,276,305$338,819$169,746$1,080,178
53$1,317,035$265,968$85,980$1,088,490
54$1,359,103$186,730$0$1,096,054
55$1,402,554$100,703$0$1,103,390
56$1,447,440$7,463$0$1,125,551
57$1,493,811$0$0$1,147,822
58$1,541,723$0$0$1,183,547
59$1,591,231$0$0$1,221,567
60$1,642,395$0$0$1,260,860
61$1,695,276$0$0$1,301,474
62$1,749,940$0$0$1,343,459
63$1,806,455$0$0$1,386,866
64$1,864,892$0$0$1,431,753
65$1,925,327$0$0$1,478,175
66$1,987,837$0$0$1,526,195
67$2,052,506$0$0$1,575,876
68$2,119,422$0$0$1,627,286
69$2,188,677$0$0$1,680,496
70$2,260,367$0$0$1,735,581
71$2,334,596$0$0$1,792,620
72$2,411,471$0$0$1,851,698
73$2,491,109$0$0$1,912,903
74$2,573,630$0$0$1,976,329
75$2,659,164$0$0$2,042,076
76$2,747,847$0$0$2,110,251
77$2,839,826$0$0$2,180,966
78$2,935,255$0$0$2,254,341
79$3,034,299$0$0$2,330,504
80$3,137,135$0$0$2,409,591
81$3,243,950$0$0$2,491,749
82$3,354,945$0$0$2,577,133
83$3,470,336$0$0$2,665,910
84$3,590,352$0$0$2,758,258
85$3,715,239$0$0$2,854,369
86$3,845,264$0$0$2,954,449
87$3,980,709$0$0$3,058,718
88$4,121,882$0$0$3,167,415
89$4,269,111$0$0$3,280,794
90$4,422,752$0$0$3,399,134
91$4,583,187$0$0$3,522,730
92$4,750,830$0$0$3,651,905
93$4,926,127$0$0$3,787,006
94$5,109,562$0$0$3,928,409
95$5,301,658$0$0$4,076,523
96$5,502,982$0$0$4,231,787
97$5,714,149$0$0$4,394,681
98$5,935,825$0$0$4,565,725
99$6,168,735$0$0$4,745,484
100$6,413,667$0$0$4,934,570