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%17.5%
1 years$65,898$65,311$64,738$64,179$63,634$61,696
2 years$32,623$32,015$31,426$30,856$30,302$28,366
3 years$21,533$20,922$20,335$19,769$19,225$17,352
4 years$15,988$15,380$14,799$14,243$13,711$11,915
5 years$12,663$12,058$11,484$10,940$10,423$8,709
6 years$10,447$9,846$9,281$8,749$8,247$6,617
7 years$8,864$8,269$7,713$7,193$6,707$5,161
8 years$7,678$7,088$6,541$6,034$5,564$4,100
9 years$6,756$6,171$5,634$5,139$4,686$3,303
10 years$6,018$5,440$4,912$4,430$3,993$2,688
11 years$5,415$4,843$4,324$3,856$3,434$2,206
12 years$4,913$4,347$3,838$3,382$2,976$1,822
13 years$4,489$3,928$3,429$2,986$2,595$1,513
14 years$4,125$3,570$3,081$2,650$2,275$1,261
15 years$3,811$3,262$2,781$2,364$2,003$1,055
16 years$3,535$2,993$2,522$2,116$1,770$885
17 years$3,293$2,756$2,295$1,902$1,569$744
18 years$3,078$2,547$2,095$1,714$1,395$627
19 years$2,885$2,360$1,918$1,548$1,244$529
20 years$2,712$2,193$1,760$1,402$1,111$447
21 years$2,556$2,043$1,619$1,273$994$378
22 years$2,414$1,907$1,492$1,157$891$320
23 years$2,285$1,784$1,378$1,054$800$271
24 years$2,166$1,671$1,274$961$719$230
25 years$2,057$1,568$1,180$878$647$195
26 years$1,957$1,474$1,094$803$583$166
27 years$1,864$1,387$1,016$735$525$141
28 years$1,779$1,307$945$673$474$119
29 years$1,699$1,233$879$617$428$101
30 years$1,624$1,165$819$567$387$86
31 years$1,555$1,101$763$520$350$73
32 years$1,490$1,042$712$478$316$62
33 years$1,429$986$665$440$286$53
34 years$1,372$935$621$405$259$45
35 years$1,318$887$581$372$235$38
36 years$1,267$842$543$343$213$33
37 years$1,220$799$509$316$193$28
38 years$1,174$760$476$291$175$24
39 years$1,132$722$446$269$159$20
40 years$1,091$687$418$248$144$17
41 years$1,053$654$392$229$130$15
42 years$1,016$623$368$211$118$12
43 years$981$594$345$195$107$11
44 years$948$566$324$180$98$9
45 years$917$540$304$166$89$8
46 years$887$515$286$153$80$6
47 years$858$491$269$142$73$6
48 years$830$469$252$131$66$5
49 years$804$448$237$121$60$4
50 years$779$428$223$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $798,000, adding $3,206 every year, while hoping to spend $24,021 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: 57/28/15 Blend
39$798,000$798,000$798,000$798,000
40$882,703$840,409$828,040$929,419
41$947,181$856,031$830,221$977,065
42$1,017,430$871,613$831,670$1,026,055
43$1,094,014$887,129$832,338$1,078,885
44$1,177,553$902,548$832,171$1,135,928
45$1,268,730$917,838$831,114$1,197,595
46$1,368,295$932,967$829,112$1,264,339
47$1,477,075$947,897$826,101$1,336,660
48$1,595,982$962,589$822,021$1,415,107
49$1,726,017$977,001$816,803$1,500,288
50$1,868,283$991,086$810,379$1,592,872
51$2,023,996$1,004,798$802,675$1,693,597
52$2,194,495$1,018,084$793,615$1,803,276
53$2,381,251$1,030,888$783,119$1,922,806
54$2,585,889$1,043,152$771,104$2,053,176
55$2,810,195$1,054,812$757,481$2,195,477
56$3,056,137$1,065,800$742,159$2,350,911
57$3,325,884$1,076,044$725,042$2,520,804
58$3,621,822$1,085,469$706,029$2,706,617
59$3,946,582$1,093,991$685,015$2,909,962
60$4,303,061$1,101,524$661,890$3,132,616
61$4,694,449$1,107,974$636,540$3,376,539
62$5,124,262$1,113,244$608,843$3,643,890
63$5,596,371$1,117,227$578,674$3,937,053
64$6,115,043$1,119,813$545,901$4,258,653
65$6,684,976$1,120,883$510,388$4,611,586
66$7,311,348$1,120,311$471,990$4,999,044
67$7,999,861$1,117,962$430,557$5,424,549
68$8,756,800$1,113,695$385,934$5,891,980
69$9,589,086$1,107,359$337,956$6,405,616
70$10,504,347$1,098,794$286,451$6,970,176
71$11,510,986$1,087,830$231,243$7,590,859
72$12,618,261$1,074,287$172,143$8,273,400
73$13,836,371$1,057,976$108,959$9,024,120
74$15,176,558$1,038,693$41,485$9,849,987
75$16,651,203$1,016,225$0$10,758,686
76$18,273,950$990,345$0$11,763,570
77$20,059,834$960,813$0$12,876,495
78$22,025,420$927,375$0$14,101,144
79$24,188,959$889,762$0$15,448,904
80$26,570,562$847,691$0$16,932,322
81$29,192,391$800,859$0$18,565,231
82$32,078,862$748,948$0$20,362,875
83$35,256,882$691,623$0$22,342,055
84$38,756,099$628,527$0$24,521,289
85$42,609,181$559,285$0$26,920,987
86$46,852,125$483,498$0$29,563,644
87$51,524,600$400,747$0$32,474,052
88$56,670,314$310,588$0$35,679,537
89$62,337,432$212,553$0$39,210,216
90$68,579,029$106,147$0$43,099,280
91$75,453,588$0$0$47,383,313
92$83,025,557$0$0$52,105,453
93$91,365,952$0$0$57,342,932
94$100,553,028$0$0$63,112,200
95$110,673,020$0$0$69,467,423
96$121,820,954$0$0$76,468,288
97$134,101,545$0$0$84,180,570
98$147,630,184$0$0$92,676,749
99$162,534,028$0$0$102,036,696
100$178,953,200$0$0$112,348,426