Can I retire at age 40 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$65,485$64,902$64,333$63,777$63,235$61,756
2 years$32,418$31,815$31,230$30,662$30,112$28,631
3 years$21,398$20,791$20,208$19,646$19,104$17,667
4 years$15,888$15,284$14,706$14,154$13,625$12,242
5 years$12,584$11,983$11,412$10,871$10,358$9,033
6 years$10,381$9,785$9,223$8,694$8,196$6,931
7 years$8,809$8,217$7,664$7,148$6,665$5,461
8 years$7,630$7,044$6,500$5,996$5,530$4,385
9 years$6,713$6,133$5,598$5,107$4,657$3,571
10 years$5,981$5,406$4,881$4,403$3,968$2,939
11 years$5,381$4,812$4,297$3,832$3,412$2,440
12 years$4,883$4,319$3,813$3,361$2,957$2,039
13 years$4,461$3,903$3,407$2,967$2,579$1,714
14 years$4,100$3,548$3,061$2,634$2,260$1,446
15 years$3,787$3,241$2,764$2,349$1,990$1,225
16 years$3,513$2,974$2,506$2,103$1,759$1,041
17 years$3,272$2,739$2,280$1,890$1,560$887
18 years$3,058$2,531$2,082$1,703$1,387$757
19 years$2,867$2,345$1,906$1,539$1,236$648
20 years$2,695$2,180$1,749$1,394$1,104$555
21 years$2,540$2,030$1,609$1,265$988$476
22 years$2,399$1,895$1,483$1,150$886$408
23 years$2,270$1,772$1,369$1,047$795$351
24 years$2,153$1,661$1,266$955$715$302
25 years$2,044$1,558$1,173$872$643$260
26 years$1,945$1,465$1,088$798$579$224
27 years$1,853$1,378$1,010$730$522$193
28 years$1,767$1,299$939$669$471$166
29 years$1,688$1,225$874$613$425$143
30 years$1,614$1,157$814$563$384$124
31 years$1,545$1,094$759$517$348$107
32 years$1,481$1,035$708$475$314$92
33 years$1,420$980$661$437$285$79
34 years$1,363$929$617$402$258$69
35 years$1,310$881$577$370$233$59
36 years$1,259$836$540$341$211$51
37 years$1,212$794$505$314$192$44
38 years$1,167$755$473$289$174$38
39 years$1,124$718$443$267$158$33
40 years$1,084$683$416$246$143$28
41 years$1,046$650$390$227$130$25
42 years$1,010$619$366$210$118$21
43 years$975$590$343$194$107$18
44 years$942$562$322$179$97$16
45 years$911$536$302$165$88$14
46 years$881$512$284$152$80$12
47 years$852$488$267$141$73$10
48 years$825$466$251$130$66$9
49 years$799$445$236$120$60$8
50 years$774$425$222$111$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $793,000, adding $5,978 every year, while hoping to spend $50,975 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: 61/26/13 Blend
39$793,000$793,000$793,000$793,000
40$880,052$838,023$825,732$930,603
41$915,581$824,849$799,157$952,114
42$953,024$809,322$769,983$969,265
43$992,525$791,271$738,070$986,747
44$1,034,237$770,517$703,270$1,004,595
45$1,078,329$746,872$665,429$1,022,850
46$1,124,984$720,134$624,386$1,041,559
47$1,174,402$690,091$579,973$1,060,776
48$1,226,803$656,518$532,014$1,080,564
49$1,282,427$619,177$480,326$1,100,995
50$1,341,535$577,816$424,717$1,122,150
51$1,404,413$532,171$364,987$1,144,122
52$1,471,375$481,959$300,926$1,167,019
53$1,542,764$426,884$232,316$1,190,959
54$1,618,955$366,631$158,928$1,216,080
55$1,700,362$300,869$80,525$1,242,536
56$1,787,435$229,247$0$1,270,502
57$1,880,668$151,396$0$1,300,611
58$1,980,605$66,923$0$1,344,598
59$2,087,842$0$0$1,391,567
60$2,203,030$0$0$1,448,874
61$2,326,888$0$0$1,531,124
62$2,460,203$0$0$1,619,700
63$2,603,839$0$0$1,715,180
64$2,758,746$0$0$1,818,204
65$2,925,967$0$0$1,929,470
66$3,106,647$0$0$2,049,749
67$3,302,048$0$0$2,179,885
68$3,513,553$0$0$2,320,808
69$3,742,684$0$0$2,473,541
70$3,991,116$0$0$2,639,207
71$4,260,687$0$0$2,819,042
72$4,553,423$0$0$3,014,405
73$4,871,550$0$0$3,226,792
74$5,217,516$0$0$3,457,846
75$5,594,017$0$0$3,709,379
76$6,004,016$0$0$3,983,382
77$6,450,777$0$0$4,282,045
78$6,937,890$0$0$4,607,782
79$7,469,306$0$0$4,963,246
80$8,049,374$0$0$5,351,360
81$8,682,883$0$0$5,775,340
82$9,375,102$0$0$6,238,727
83$10,131,835$0$0$6,745,421
84$10,959,469$0$0$7,299,713
85$11,865,039$0$0$7,906,330
86$12,856,290$0$0$8,570,477
87$13,941,750$0$0$9,297,884
88$15,130,812$0$0$10,094,863
89$16,433,819$0$0$10,968,364
90$17,862,161$0$0$11,926,043
91$19,428,386$0$0$12,976,331
92$21,146,311$0$0$14,128,514
93$23,031,155$0$0$15,392,821
94$25,099,683$0$0$16,780,517
95$27,370,360$0$0$18,304,014
96$29,863,528$0$0$19,976,982
97$32,601,592$0$0$21,814,481
98$35,609,236$0$0$23,833,099
99$38,913,652$0$0$26,051,113
100$42,544,795$0$0$28,488,656