Can I retire at age 40 with 795,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$65,650$65,066$64,495$63,938$63,394$62,811
2 years$32,500$31,895$31,308$30,740$30,188$29,600
3 years$21,452$20,844$20,259$19,695$19,152$18,578
4 years$15,928$15,322$14,743$14,189$13,660$13,104
5 years$12,615$12,013$11,441$10,899$10,384$9,848
6 years$10,407$9,809$9,246$8,716$8,216$7,701
7 years$8,831$8,238$7,684$7,166$6,682$6,187
8 years$7,649$7,061$6,516$6,011$5,543$5,070
9 years$6,730$6,148$5,613$5,120$4,668$4,215
10 years$5,996$5,419$4,893$4,414$3,978$3,545
11 years$5,395$4,825$4,308$3,841$3,421$3,008
12 years$4,895$4,330$3,823$3,369$2,965$2,571
13 years$4,472$3,913$3,416$2,975$2,585$2,211
14 years$4,110$3,557$3,069$2,640$2,266$1,911
15 years$3,796$3,249$2,771$2,355$1,995$1,658
16 years$3,522$2,981$2,512$2,108$1,763$1,444
17 years$3,281$2,746$2,286$1,894$1,564$1,261
18 years$3,066$2,537$2,087$1,707$1,390$1,104
19 years$2,874$2,351$1,910$1,543$1,239$969
20 years$2,702$2,185$1,753$1,397$1,107$852
21 years$2,546$2,035$1,613$1,268$990$750
22 years$2,405$1,900$1,486$1,153$888$661
23 years$2,276$1,777$1,372$1,050$797$584
24 years$2,158$1,665$1,269$958$716$516
25 years$2,050$1,562$1,176$875$645$457
26 years$1,950$1,468$1,090$800$581$405
27 years$1,857$1,382$1,012$732$523$358
28 years$1,772$1,302$941$671$472$318
29 years$1,692$1,228$876$615$427$282
30 years$1,618$1,160$816$564$385$250
31 years$1,549$1,097$761$518$348$222
32 years$1,484$1,038$710$476$315$198
33 years$1,424$983$663$438$285$176
34 years$1,367$931$619$403$258$156
35 years$1,313$883$579$371$234$139
36 years$1,263$838$541$342$212$123
37 years$1,215$796$507$315$192$110
38 years$1,170$757$475$290$174$98
39 years$1,127$720$445$268$158$87
40 years$1,087$685$417$247$143$77
41 years$1,049$652$391$228$130$69
42 years$1,012$621$367$210$118$61
43 years$978$591$344$194$107$55
44 years$945$564$323$179$97$49
45 years$913$538$303$165$88$43
46 years$883$513$285$153$80$39
47 years$855$489$268$141$73$34
48 years$827$467$251$130$66$31
49 years$801$446$236$121$60$27
50 years$776$426$222$111$54$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $795,000, adding $5,223 every year, while hoping to spend $38,452 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: 36/49/15 Blend
39$795,000$795,000$795,000$795,000
40$881,478$839,343$827,020$908,985
41$930,476$839,558$813,813$929,531
42$983,183$838,495$798,874$947,663
43$1,039,937$836,050$782,105$966,410
44$1,101,108$832,115$763,404$985,846
45$1,167,105$826,572$742,662$1,006,057
46$1,238,374$819,299$719,766$1,027,139
47$1,315,408$810,164$694,598$1,049,202
48$1,398,747$799,030$667,034$1,072,370
49$1,488,986$785,748$636,946$1,096,783
50$1,586,777$770,164$604,198$1,122,601
51$1,692,839$752,113$568,650$1,150,000
52$1,807,962$731,420$530,153$1,179,183
53$1,933,015$707,901$488,554$1,210,375
54$2,068,953$681,359$443,691$1,243,830
55$2,216,829$651,588$395,397$1,279,832
56$2,377,798$618,368$343,496$1,318,702
57$2,553,134$581,469$287,803$1,360,796
58$2,744,238$540,645$228,129$1,406,514
59$2,952,651$495,637$164,271$1,456,305
60$3,180,069$446,171$96,023$1,510,669
61$3,428,361$391,958$23,164$1,570,163
62$3,699,583$332,693$0$1,635,412
63$3,995,997$268,052$0$1,715,847
64$4,320,096$197,693$0$1,808,031
65$4,674,622$121,257$0$1,909,156
66$5,062,598$38,363$0$2,020,223
67$5,487,349$0$0$2,142,345
68$5,952,538$0$0$2,304,468
69$6,462,199$0$0$2,504,865
70$7,020,774$0$0$2,724,610
71$7,633,155$0$0$2,965,643
72$8,304,732$0$0$3,230,100
73$9,041,440$0$0$3,520,333
74$9,849,814$0$0$3,838,933
75$10,737,056$0$0$4,188,757
76$11,711,098$0$0$4,572,947
77$12,780,676$0$0$4,994,968
78$13,955,415$0$0$5,458,636
79$15,245,918$0$0$5,968,154
80$16,663,863$0$0$6,528,155
81$18,222,120$0$0$7,143,741
82$19,934,862$0$0$7,820,532
83$21,817,708$0$0$8,564,722
84$23,887,863$0$0$9,383,133
85$26,164,284$0$0$10,283,285
86$28,667,855$0$0$11,273,458
87$31,421,587$0$0$12,362,780
88$34,450,832$0$0$13,561,304
89$37,783,525$0$0$14,880,110
90$41,450,441$0$0$16,331,403
91$45,485,491$0$0$17,928,635
92$49,926,041$0$0$19,686,624
93$54,813,260$0$0$21,621,700
94$60,192,509$0$0$23,751,856
95$66,113,774$0$0$26,096,917
96$72,632,128$0$0$28,678,729
97$79,808,260$0$0$31,521,363
98$87,709,038$0$0$34,651,345
99$96,408,146$0$0$38,097,900
100$105,986,776$0$0$41,893,237