Can I retire at age 40 with 795,000?

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 $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%17.3%
1 years$65,650$65,066$64,495$63,938$63,394$61,513
2 years$32,500$31,895$31,308$30,740$30,188$28,308
3 years$21,452$20,844$20,259$19,695$19,152$17,333
4 years$15,928$15,322$14,743$14,189$13,660$11,914
5 years$12,615$12,013$11,441$10,899$10,384$8,718
6 years$10,407$9,809$9,246$8,716$8,216$6,631
7 years$8,831$8,238$7,684$7,166$6,682$5,177
8 years$7,649$7,061$6,516$6,011$5,543$4,118
9 years$6,730$6,148$5,613$5,120$4,668$3,321
10 years$5,996$5,419$4,893$4,414$3,978$2,707
11 years$5,395$4,825$4,308$3,841$3,421$2,224
12 years$4,895$4,330$3,823$3,369$2,965$1,839
13 years$4,472$3,913$3,416$2,975$2,585$1,529
14 years$4,110$3,557$3,069$2,640$2,266$1,277
15 years$3,796$3,249$2,771$2,355$1,995$1,069
16 years$3,522$2,981$2,512$2,108$1,763$898
17 years$3,281$2,746$2,286$1,894$1,564$756
18 years$3,066$2,537$2,087$1,707$1,390$638
19 years$2,874$2,351$1,910$1,543$1,239$539
20 years$2,702$2,185$1,753$1,397$1,107$456
21 years$2,546$2,035$1,613$1,268$990$387
22 years$2,405$1,900$1,486$1,153$888$328
23 years$2,276$1,777$1,372$1,050$797$278
24 years$2,158$1,665$1,269$958$716$236
25 years$2,050$1,562$1,176$875$645$201
26 years$1,950$1,468$1,090$800$581$171
27 years$1,857$1,382$1,012$732$523$145
28 years$1,772$1,302$941$671$472$124
29 years$1,692$1,228$876$615$427$105
30 years$1,618$1,160$816$564$385$89
31 years$1,549$1,097$761$518$348$76
32 years$1,484$1,038$710$476$315$65
33 years$1,424$983$663$438$285$55
34 years$1,367$931$619$403$258$47
35 years$1,313$883$579$371$234$40
36 years$1,263$838$541$342$212$34
37 years$1,215$796$507$315$192$29
38 years$1,170$757$475$290$174$25
39 years$1,127$720$445$268$158$21
40 years$1,087$685$417$247$143$18
41 years$1,049$652$391$228$130$15
42 years$1,012$621$367$210$118$13
43 years$978$591$344$194$107$11
44 years$945$564$323$179$97$10
45 years$913$538$303$165$88$8
46 years$883$513$285$153$80$7
47 years$855$489$268$141$73$6
48 years$827$467$251$130$66$5
49 years$801$446$236$121$60$4
50 years$776$426$222$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $795,000, adding $4,741 every year, while hoping to spend $21,276 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: 67/15/18 Blend
39$795,000$795,000$795,000$795,000
40$880,980$838,845$826,523$935,814
41$948,203$857,311$831,574$991,542
42$1,021,569$875,969$836,081$1,049,543
43$1,101,683$894,805$840,004$1,112,448
44$1,189,210$913,806$843,299$1,180,738
45$1,284,882$932,955$845,922$1,254,941
46$1,389,505$952,235$847,826$1,335,642
47$1,503,967$971,627$848,960$1,423,485
48$1,629,245$991,111$849,274$1,519,177
49$1,766,416$1,010,663$848,713$1,623,500
50$1,916,664$1,030,259$847,218$1,737,315
51$2,081,295$1,049,873$844,731$1,861,569
52$2,261,746$1,069,475$841,188$1,997,308
53$2,459,600$1,089,035$836,524$2,145,683
54$2,676,600$1,108,519$830,669$2,307,964
55$2,914,667$1,127,891$823,550$2,485,550
56$3,175,916$1,147,110$815,092$2,679,981
57$3,462,678$1,166,137$805,216$2,892,958
58$3,777,517$1,184,924$793,837$3,126,351
59$4,123,262$1,203,423$780,869$3,382,226
60$4,503,027$1,221,583$766,220$3,662,856
61$4,920,243$1,239,347$749,795$3,970,747
62$5,378,688$1,256,656$731,494$4,308,663
63$5,882,527$1,273,445$711,212$4,679,649
64$6,436,347$1,289,647$688,840$5,087,059
65$7,045,202$1,305,186$664,263$5,534,592
66$7,714,658$1,319,986$637,362$6,026,326
67$8,450,851$1,333,963$608,011$6,566,752
68$9,260,538$1,347,028$576,080$7,160,823
69$10,151,166$1,359,085$541,431$7,813,995
70$11,130,939$1,370,034$503,923$8,532,285
71$12,208,896$1,379,767$463,405$9,322,320
72$13,394,996$1,388,168$419,722$10,191,409
73$14,700,213$1,395,116$372,711$11,147,603
74$16,136,639$1,400,481$322,200$12,199,779
75$17,717,596$1,404,124$268,014$13,357,717
76$19,457,763$1,405,899$209,965$14,632,200
77$21,373,316$1,405,649$147,860$16,035,110
78$23,482,078$1,403,209$81,497$17,579,541
79$25,803,687$1,398,404$10,664$19,279,929
80$28,359,783$1,391,045$0$21,152,178
81$31,174,210$1,380,936$0$23,226,292
82$34,273,244$1,367,866$0$25,512,119
83$37,685,836$1,351,612$0$28,028,949
84$41,443,889$1,331,939$0$30,800,301
85$45,582,557$1,308,595$0$33,852,090
86$50,140,578$1,281,317$0$37,212,876
87$55,160,638$1,249,823$0$40,914,131
88$60,689,775$1,213,816$0$44,990,539
89$66,779,821$1,172,981$0$49,480,318
90$73,487,891$1,126,986$0$54,425,587
91$80,876,925$1,075,477$0$59,872,762
92$89,016,278$1,018,083$0$65,872,990
93$97,982,378$954,408$0$72,482,639
94$107,859,442$884,036$0$79,763,825
95$118,740,277$806,526$0$87,785,000
96$130,727,152$721,412$0$96,621,599
97$143,932,761$628,201$0$106,356,752
98$158,481,294$526,374$0$117,082,071
99$174,509,599$415,379$0$128,898,509
100$192,168,482$294,637$0$141,917,321