Can I retire at age 40 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$65,568$64,984$64,414$63,858$63,315$61,166
2 years$32,459$31,855$31,269$30,701$30,150$28,006
3 years$21,425$20,817$20,233$19,670$19,128$17,057
4 years$15,908$15,303$14,724$14,171$13,642$11,660
5 years$12,599$11,998$11,427$10,885$10,371$8,482
6 years$10,394$9,797$9,235$8,705$8,206$6,413
7 years$8,820$8,228$7,674$7,157$6,674$4,976
8 years$7,639$7,053$6,508$6,004$5,536$3,932
9 years$6,722$6,141$5,605$5,114$4,663$3,150
10 years$5,988$5,413$4,887$4,408$3,973$2,550
11 years$5,388$4,818$4,302$3,836$3,417$2,080
12 years$4,889$4,325$3,818$3,365$2,961$1,708
13 years$4,466$3,908$3,411$2,971$2,582$1,409
14 years$4,105$3,553$3,065$2,637$2,263$1,168
15 years$3,791$3,245$2,767$2,352$1,993$970
16 years$3,518$2,978$2,509$2,106$1,761$809
17 years$3,276$2,742$2,283$1,892$1,562$676
18 years$3,062$2,534$2,084$1,705$1,389$565
19 years$2,871$2,348$1,908$1,541$1,238$474
20 years$2,699$2,182$1,751$1,395$1,105$398
21 years$2,543$2,033$1,611$1,266$989$334
22 years$2,402$1,897$1,484$1,151$887$281
23 years$2,273$1,775$1,371$1,049$796$236
24 years$2,155$1,663$1,268$956$715$199
25 years$2,047$1,560$1,174$873$644$167
26 years$1,947$1,467$1,089$799$580$141
27 years$1,855$1,380$1,011$731$523$119
28 years$1,770$1,301$940$670$472$100
29 years$1,690$1,227$875$614$426$85
30 years$1,616$1,159$815$564$385$71
31 years$1,547$1,095$760$518$348$60
32 years$1,483$1,036$709$476$315$51
33 years$1,422$981$662$438$285$43
34 years$1,365$930$618$403$258$36
35 years$1,312$882$578$371$234$31
36 years$1,261$837$541$341$212$26
37 years$1,213$795$506$314$192$22
38 years$1,168$756$474$290$174$18
39 years$1,126$719$444$267$158$16
40 years$1,086$684$416$247$143$13
41 years$1,047$651$390$227$130$11
42 years$1,011$620$366$210$118$9
43 years$976$591$344$194$107$8
44 years$943$563$322$179$97$7
45 years$912$537$303$165$88$6
46 years$882$512$284$153$80$5
47 years$854$489$267$141$73$4
48 years$826$467$251$130$66$3
49 years$800$446$236$120$60$3
50 years$775$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $794,000, adding $2,906 every year, while hoping to spend $21,318 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: 68/13/19 Blend
39$794,000$794,000$794,000$794,000
40$877,986$835,904$823,597$933,399
41$944,858$854,181$828,505$989,075
42$1,017,837$872,639$832,863$1,047,194
43$1,097,522$891,264$836,630$1,110,247
44$1,184,576$910,043$839,764$1,178,720
45$1,279,724$928,957$842,218$1,253,146
46$1,383,769$947,989$843,945$1,334,114
47$1,497,593$967,119$844,896$1,422,273
48$1,622,165$986,326$845,018$1,518,337
49$1,758,557$1,005,586$844,257$1,623,093
50$1,907,944$1,024,875$842,554$1,737,409
51$2,071,625$1,044,164$839,850$1,862,241
52$2,251,026$1,063,423$836,081$1,998,644
53$2,447,722$1,082,622$831,180$2,147,778
54$2,663,444$1,101,725$825,079$2,310,924
55$2,900,100$1,120,694$817,704$2,489,491
56$3,159,792$1,139,490$808,979$2,685,034
57$3,444,835$1,158,070$798,824$2,899,267
58$3,757,779$1,176,386$787,156$3,134,078
59$4,101,433$1,194,389$773,886$3,391,547
60$4,478,891$1,212,026$758,922$3,673,968
61$4,893,561$1,229,239$742,170$3,983,869
62$5,349,199$1,245,966$723,528$4,324,036
63$5,849,942$1,262,143$702,890$4,697,538
64$6,400,348$1,277,699$680,148$5,107,762
65$7,005,436$1,292,560$655,186$5,558,435
66$7,670,739$1,306,644$627,884$6,053,670
67$8,402,352$1,319,867$598,116$6,597,997
68$9,206,989$1,332,138$565,750$7,196,409
69$10,092,049$1,343,359$530,649$7,854,410
70$11,065,682$1,353,428$492,669$8,578,067
71$12,136,869$1,362,233$451,661$9,374,064
72$13,315,505$1,369,658$407,468$10,249,770
73$14,612,494$1,375,579$359,925$11,213,307
74$16,039,848$1,379,862$308,862$12,273,624
75$17,610,804$1,382,366$254,101$13,440,587
76$19,339,947$1,382,943$195,453$14,725,068
77$21,243,346$1,381,432$132,726$16,139,049
78$23,338,710$1,377,665$65,715$17,695,738
79$25,645,550$1,371,462$0$19,409,690
80$28,185,366$1,362,634$0$21,298,120
81$30,981,849$1,350,978$0$23,391,829
82$34,061,102$1,336,280$0$25,697,012
83$37,451,891$1,318,315$0$28,235,192
84$41,185,912$1,296,840$0$31,030,089
85$45,298,091$1,271,602$0$34,107,841
86$49,826,917$1,242,331$0$37,497,250
87$54,814,798$1,208,740$0$41,230,058
88$60,308,467$1,170,528$0$45,341,243
89$66,359,420$1,127,374$0$49,869,350
90$73,024,405$1,078,940$0$54,856,856
91$80,365,953$1,024,866$0$60,350,572
92$88,452,970$964,774$0$66,402,079
93$97,361,388$898,263$0$73,068,224
94$107,174,881$824,909$0$80,411,650
95$117,985,652$744,263$0$88,501,389
96$129,895,309$655,852$0$97,413,517
97$143,015,817$559,175$0$107,231,867
98$157,470,559$453,703$0$118,048,826
99$173,395,499$338,878$0$129,966,202
100$190,940,466$214,109$0$143,096,191