Can I retire at age 40 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$65,898$65,311$64,738$64,179$63,634$62,349
2 years$32,623$32,015$31,426$30,856$30,302$29,013
3 years$21,533$20,922$20,335$19,769$19,225$17,972
4 years$15,988$15,380$14,799$14,243$13,711$12,505
5 years$12,663$12,058$11,484$10,940$10,423$9,266
6 years$10,447$9,846$9,281$8,749$8,247$7,141
7 years$8,864$8,269$7,713$7,193$6,707$5,651
8 years$7,678$7,088$6,541$6,034$5,564$4,559
9 years$6,756$6,171$5,634$5,139$4,686$3,730
10 years$6,018$5,440$4,912$4,430$3,993$3,086
11 years$5,415$4,843$4,324$3,856$3,434$2,575
12 years$4,913$4,347$3,838$3,382$2,976$2,163
13 years$4,489$3,928$3,429$2,986$2,595$1,827
14 years$4,125$3,570$3,081$2,650$2,275$1,551
15 years$3,811$3,262$2,781$2,364$2,003$1,321
16 years$3,535$2,993$2,522$2,116$1,770$1,129
17 years$3,293$2,756$2,295$1,902$1,569$967
18 years$3,078$2,547$2,095$1,714$1,395$831
19 years$2,885$2,360$1,918$1,548$1,244$715
20 years$2,712$2,193$1,760$1,402$1,111$616
21 years$2,556$2,043$1,619$1,273$994$531
22 years$2,414$1,907$1,492$1,157$891$459
23 years$2,285$1,784$1,378$1,054$800$397
24 years$2,166$1,671$1,274$961$719$344
25 years$2,057$1,568$1,180$878$647$298
26 years$1,957$1,474$1,094$803$583$258
27 years$1,864$1,387$1,016$735$525$224
28 years$1,779$1,307$945$673$474$194
29 years$1,699$1,233$879$617$428$168
30 years$1,624$1,165$819$567$387$146
31 years$1,555$1,101$763$520$350$127
32 years$1,490$1,042$712$478$316$110
33 years$1,429$986$665$440$286$96
34 years$1,372$935$621$405$259$83
35 years$1,318$887$581$372$235$72
36 years$1,267$842$543$343$213$63
37 years$1,220$799$509$316$193$55
38 years$1,174$760$476$291$175$48
39 years$1,132$722$446$269$159$41
40 years$1,091$687$418$248$144$36
41 years$1,053$654$392$229$130$31
42 years$1,016$623$368$211$118$27
43 years$981$594$345$195$107$24
44 years$948$566$324$180$98$21
45 years$917$540$304$166$89$18
46 years$887$515$286$153$80$16
47 years$858$491$269$142$73$14
48 years$830$469$252$131$66$12
49 years$804$448$237$121$60$10
50 years$779$428$223$112$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $798,000, adding $3,688 every year, while hoping to spend $30,758 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: 59/31/10 Blend
39$798,000$798,000$798,000$798,000
40$883,200$840,906$828,537$933,023
41$940,560$849,384$823,567$975,437
42$1,002,740$857,247$817,399$1,017,865
43$1,070,199$864,432$809,962$1,063,377
44$1,143,442$870,871$801,178$1,112,271
45$1,223,025$876,495$790,969$1,164,877
46$1,309,557$881,228$779,250$1,221,558
47$1,403,713$884,988$765,936$1,282,718
48$1,506,230$887,692$750,933$1,348,799
49$1,617,923$889,246$734,147$1,420,291
50$1,739,688$889,556$715,478$1,497,736
51$1,872,510$888,518$694,820$1,581,729
52$2,017,475$886,024$672,065$1,672,929
53$2,175,775$881,957$647,097$1,772,065
54$2,348,727$876,196$619,798$1,879,937
55$2,537,777$868,609$590,041$1,997,432
56$2,744,518$859,059$557,695$2,125,528
57$2,970,706$847,400$522,625$2,265,304
58$3,218,272$833,476$484,686$2,417,951
59$3,489,342$817,123$443,730$2,584,783
60$3,786,261$798,168$399,601$2,767,250
61$4,111,606$776,425$352,135$2,966,953
62$4,468,220$751,700$301,161$3,185,659
63$4,859,232$723,786$246,503$3,425,317
64$5,288,087$692,465$187,975$3,688,076
65$5,758,582$657,506$125,381$3,976,310
66$6,274,897$618,663$58,521$4,292,637
67$6,841,637$575,679$0$4,639,946
68$7,463,877$528,280$0$5,022,792
69$8,147,203$476,176$0$5,450,075
70$8,897,771$419,063$0$5,919,447
71$9,722,364$356,617$0$6,435,211
72$10,628,451$288,497$0$7,002,115
73$11,624,263$214,343$0$7,625,391
74$12,718,867$133,775$0$8,310,812
75$13,922,251$46,390$0$9,064,741
76$15,245,422$0$0$9,894,196
77$16,700,504$0$0$10,823,368
78$18,300,855$0$0$11,862,784
79$20,061,195$0$0$13,006,185
80$21,997,739$0$0$14,264,116
81$24,128,356$0$0$15,648,191
82$26,472,731$0$0$17,171,210
83$29,052,555$0$0$18,847,274
84$31,891,730$0$0$20,691,922
85$35,016,588$0$0$22,722,274
86$38,456,147$0$0$24,957,195
87$42,242,378$0$0$27,417,471
88$46,410,512$0$0$30,126,006
89$50,999,367$0$0$33,108,038
90$56,051,717$0$0$36,391,377
91$61,614,695$0$0$40,006,666
92$67,740,236$0$0$43,987,670
93$74,485,569$0$0$48,371,597
94$81,913,755$0$0$53,199,446
95$90,094,281$0$0$58,516,394
96$99,103,719$0$0$64,372,226
97$109,026,443$0$0$70,821,797
98$119,955,431$0$0$77,925,559
99$131,993,137$0$0$85,750,122
100$145,252,460$0$0$94,368,889