Can I retire at age 40 with 798,000?

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 $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%12.7%
1 years$65,898$65,311$64,738$64,179$63,634$62,917
2 years$32,623$32,015$31,426$30,856$30,302$29,580
3 years$21,533$20,922$20,335$19,769$19,225$18,521
4 years$15,988$15,380$14,799$14,243$13,711$13,030
5 years$12,663$12,058$11,484$10,940$10,423$9,767
6 years$10,447$9,846$9,281$8,749$8,247$7,617
7 years$8,864$8,269$7,713$7,193$6,707$6,103
8 years$7,678$7,088$6,541$6,034$5,564$4,986
9 years$6,756$6,171$5,634$5,139$4,686$4,134
10 years$6,018$5,440$4,912$4,430$3,993$3,466
11 years$5,415$4,843$4,324$3,856$3,434$2,932
12 years$4,913$4,347$3,838$3,382$2,976$2,498
13 years$4,489$3,928$3,429$2,986$2,595$2,141
14 years$4,125$3,570$3,081$2,650$2,275$1,844
15 years$3,811$3,262$2,781$2,364$2,003$1,595
16 years$3,535$2,993$2,522$2,116$1,770$1,384
17 years$3,293$2,756$2,295$1,902$1,569$1,205
18 years$3,078$2,547$2,095$1,714$1,395$1,051
19 years$2,885$2,360$1,918$1,548$1,244$919
20 years$2,712$2,193$1,760$1,402$1,111$805
21 years$2,556$2,043$1,619$1,273$994$706
22 years$2,414$1,907$1,492$1,157$891$620
23 years$2,285$1,784$1,378$1,054$800$546
24 years$2,166$1,671$1,274$961$719$481
25 years$2,057$1,568$1,180$878$647$424
26 years$1,957$1,474$1,094$803$583$374
27 years$1,864$1,387$1,016$735$525$330
28 years$1,779$1,307$945$673$474$291
29 years$1,699$1,233$879$617$428$257
30 years$1,624$1,165$819$567$387$228
31 years$1,555$1,101$763$520$350$201
32 years$1,490$1,042$712$478$316$178
33 years$1,429$986$665$440$286$158
34 years$1,372$935$621$405$259$140
35 years$1,318$887$581$372$235$124
36 years$1,267$842$543$343$213$109
37 years$1,220$799$509$316$193$97
38 years$1,174$760$476$291$175$86
39 years$1,132$722$446$269$159$76
40 years$1,091$687$418$248$144$67
41 years$1,053$654$392$229$130$60
42 years$1,016$623$368$211$118$53
43 years$981$594$345$195$107$47
44 years$948$566$324$180$98$42
45 years$917$540$304$166$89$37
46 years$887$515$286$153$80$33
47 years$858$491$269$142$73$29
48 years$830$469$252$131$66$26
49 years$804$448$237$121$60$23
50 years$779$428$223$112$55$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $798,000, adding $4,010 every year, while hoping to spend $33,210 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: 51/41/8 Blend
39$798,000$798,000$798,000$798,000
40$883,532$841,238$828,869$926,593
41$938,317$847,124$821,301$962,241
42$997,578$852,185$812,367$997,067
43$1,061,734$856,345$801,985$1,034,141
44$1,131,250$859,526$790,070$1,073,682
45$1,206,636$861,640$776,535$1,115,932
46$1,288,450$862,598$761,287$1,161,159
47$1,377,310$862,303$744,228$1,209,660
48$1,473,893$860,654$725,257$1,261,763
49$1,578,944$857,540$704,267$1,317,833
50$1,693,284$852,847$681,148$1,378,272
51$1,817,816$846,453$655,783$1,443,524
52$1,953,531$838,228$628,050$1,514,081
53$2,101,525$828,034$597,823$1,590,490
54$2,262,998$815,726$564,968$1,673,352
55$2,439,276$801,148$529,347$1,763,334
56$2,631,817$784,139$490,814$1,861,172
57$2,842,223$764,523$449,218$1,967,682
58$3,072,264$742,118$404,400$2,083,764
59$3,323,882$716,730$356,195$2,210,415
60$3,599,221$688,152$304,430$2,348,735
61$3,900,637$656,167$248,925$2,499,942
62$4,230,728$620,546$189,490$2,665,380
63$4,592,354$581,044$125,929$2,846,536
64$4,988,664$537,404$58,037$3,045,053
65$5,423,125$489,355$0$3,262,744
66$5,899,559$436,608$0$3,502,845
67$6,422,172$378,860$0$3,771,708
68$6,995,598$315,789$0$4,066,840
69$7,624,943$247,056$0$4,390,962
70$8,315,828$172,303$0$4,747,082
71$9,074,447$91,150$0$5,138,517
72$9,907,623$3,200$0$5,568,929
73$10,822,872$0$0$6,042,362
74$11,828,474$0$0$6,604,772
75$12,933,549$0$0$7,224,490
76$14,148,148$0$0$7,905,719
77$15,483,339$0$0$8,654,680
78$16,951,321$0$0$9,478,226
79$18,565,530$0$0$10,383,908
80$20,340,772$0$0$11,380,045
81$22,293,357$0$0$12,475,803
82$24,441,258$0$0$13,681,281
83$26,804,274$0$0$15,007,605
84$29,404,224$0$0$16,467,035
85$32,265,145$0$0$18,073,080
86$35,413,523$0$0$19,840,623
87$38,878,542$0$0$21,786,064
88$42,692,357$0$0$23,927,474
89$46,890,399$0$0$26,284,764
90$51,511,710$0$0$28,879,873
91$56,599,306$0$0$31,736,976
92$62,200,590$0$0$34,882,711
93$68,367,792$0$0$38,346,430
94$75,158,464$0$0$42,160,479
95$82,636,025$0$0$46,360,495
96$90,870,357$0$0$50,985,752
97$99,938,463$0$0$56,079,525
98$109,925,194$0$0$61,689,499
99$120,924,052$0$0$67,868,221
100$133,038,067$0$0$74,673,595