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%12.8%
1 years$65,485$64,902$64,333$63,777$63,235$62,497
2 years$32,418$31,815$31,230$30,662$30,112$29,369
3 years$21,398$20,791$20,208$19,646$19,104$18,379
4 years$15,888$15,284$14,706$14,154$13,625$12,924
5 years$12,584$11,983$11,412$10,871$10,358$9,682
6 years$10,381$9,785$9,223$8,694$8,196$7,547
7 years$8,809$8,217$7,664$7,148$6,665$6,044
8 years$7,630$7,044$6,500$5,996$5,530$4,935
9 years$6,713$6,133$5,598$5,107$4,657$4,089
10 years$5,981$5,406$4,881$4,403$3,968$3,426
11 years$5,381$4,812$4,297$3,832$3,412$2,896
12 years$4,883$4,319$3,813$3,361$2,957$2,466
13 years$4,461$3,903$3,407$2,967$2,579$2,113
14 years$4,100$3,548$3,061$2,634$2,260$1,818
15 years$3,787$3,241$2,764$2,349$1,990$1,572
16 years$3,513$2,974$2,506$2,103$1,759$1,363
17 years$3,272$2,739$2,280$1,890$1,560$1,185
18 years$3,058$2,531$2,082$1,703$1,387$1,033
19 years$2,867$2,345$1,906$1,539$1,236$903
20 years$2,695$2,180$1,749$1,394$1,104$790
21 years$2,540$2,030$1,609$1,265$988$693
22 years$2,399$1,895$1,483$1,150$886$608
23 years$2,270$1,772$1,369$1,047$795$535
24 years$2,153$1,661$1,266$955$715$470
25 years$2,044$1,558$1,173$872$643$414
26 years$1,945$1,465$1,088$798$579$365
27 years$1,853$1,378$1,010$730$522$322
28 years$1,767$1,299$939$669$471$284
29 years$1,688$1,225$874$613$425$251
30 years$1,614$1,157$814$563$384$222
31 years$1,545$1,094$759$517$348$196
32 years$1,481$1,035$708$475$314$173
33 years$1,420$980$661$437$285$153
34 years$1,363$929$617$402$258$135
35 years$1,310$881$577$370$233$120
36 years$1,259$836$540$341$211$106
37 years$1,212$794$505$314$192$94
38 years$1,167$755$473$289$174$83
39 years$1,124$718$443$267$158$74
40 years$1,084$683$416$246$143$65
41 years$1,046$650$390$227$130$58
42 years$1,010$619$366$210$118$51
43 years$975$590$343$194$107$45
44 years$942$562$322$179$97$40
45 years$911$536$302$165$88$36
46 years$881$512$284$152$80$32
47 years$852$488$267$141$73$28
48 years$825$466$251$130$66$25
49 years$799$445$236$120$60$22
50 years$774$425$222$111$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $793,000, adding $5,951 every year, while hoping to spend $50,600 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: 57/35/8 Blend
39$793,000$793,000$793,000$793,000
40$880,024$837,995$825,704$928,239
41$915,949$825,219$799,527$948,626
42$953,842$810,121$770,777$964,640
43$993,850$792,534$739,315$980,849
44$1,036,136$772,280$704,995$997,277
45$1,080,873$749,173$667,663$1,013,953
46$1,128,253$723,014$627,161$1,030,911
47$1,178,485$693,592$583,322$1,048,191
48$1,231,799$660,686$535,971$1,065,843
49$1,288,443$624,061$484,927$1,083,920
50$1,348,692$583,468$430,000$1,102,489
51$1,412,844$538,643$370,990$1,121,624
52$1,481,227$489,310$307,691$1,141,413
53$1,554,200$435,173$239,887$1,161,954
54$1,632,156$375,924$167,350$1,183,362
55$1,715,525$311,233$89,845$1,205,768
56$1,804,779$240,755$7,126$1,229,321
57$1,900,437$164,122$0$1,254,191
58$2,003,067$80,949$0$1,287,498
59$2,113,292$0$0$1,323,632
60$2,231,796$0$0$1,365,790
61$2,359,330$0$0$1,444,763
62$2,496,719$0$0$1,529,890
63$2,644,869$0$0$1,621,739
64$2,804,775$0$0$1,720,935
65$2,977,530$0$0$1,828,162
66$3,164,337$0$0$1,944,176
67$3,366,516$0$0$2,069,803
68$3,585,518$0$0$2,205,954
69$3,822,940$0$0$2,353,632
70$4,080,539$0$0$2,513,937
71$4,360,243$0$0$2,688,080
72$4,664,177$0$0$2,877,395
73$4,994,677$0$0$3,083,346
74$5,354,313$0$0$3,307,546
75$5,745,913$0$0$3,551,770
76$6,172,587$0$0$3,817,971
77$6,637,761$0$0$4,108,298
78$7,145,203$0$0$4,425,116
79$7,699,061$0$0$4,771,030
80$8,303,902$0$0$5,148,906
81$8,964,752$0$0$5,561,898
82$9,687,145$0$0$6,013,482
83$10,477,174$0$0$6,507,481
84$11,341,546$0$0$7,048,108
85$12,287,650$0$0$7,640,001
86$13,323,618$0$0$8,288,265
87$14,458,407$0$0$8,998,525
88$15,701,882$0$0$9,776,975
89$17,064,906$0$0$10,630,436
90$18,559,444$0$0$11,566,420
91$20,198,672$0$0$12,593,203
92$21,997,107$0$0$13,719,898
93$23,970,734$0$0$14,956,545
94$26,137,163$0$0$16,314,203
95$28,515,793$0$0$17,805,052
96$31,127,991$0$0$19,442,512
97$33,997,296$0$0$21,241,366
98$37,149,640$0$0$23,217,897
99$40,613,588$0$0$25,390,047
100$44,420,611$0$0$27,777,580