Can I retire at age 40 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$63,668$63,101$62,548$62,008$61,481$60,587
2 years$31,519$30,932$30,363$29,812$29,276$28,378
3 years$20,804$20,214$19,647$19,101$18,574$17,699
4 years$15,447$14,860$14,298$13,761$13,247$12,402
5 years$12,234$11,650$11,096$10,570$10,070$9,257
6 years$10,093$9,513$8,967$8,453$7,968$7,188
7 years$8,564$7,989$7,452$6,949$6,480$5,734
8 years$7,418$6,848$6,320$5,830$5,376$4,663
9 years$6,527$5,963$5,443$4,966$4,527$3,848
10 years$5,815$5,256$4,745$4,280$3,858$3,210
11 years$5,232$4,679$4,178$3,725$3,318$2,702
12 years$4,747$4,200$3,708$3,268$2,875$2,291
13 years$4,337$3,795$3,313$2,885$2,507$1,953
14 years$3,986$3,450$2,976$2,561$2,198$1,673
15 years$3,682$3,151$2,687$2,284$1,935$1,439
16 years$3,416$2,891$2,436$2,045$1,710$1,242
17 years$3,182$2,663$2,217$1,837$1,516$1,075
18 years$2,973$2,461$2,024$1,656$1,348$933
19 years$2,788$2,280$1,853$1,496$1,202$811
20 years$2,620$2,119$1,700$1,355$1,073$706
21 years$2,469$1,974$1,564$1,230$961$616
22 years$2,332$1,842$1,441$1,118$861$538
23 years$2,207$1,723$1,331$1,018$773$470
24 years$2,093$1,615$1,231$929$695$411
25 years$1,988$1,515$1,140$848$625$360
26 years$1,891$1,424$1,057$776$563$316
27 years$1,801$1,340$982$710$508$277
28 years$1,718$1,263$913$650$458$243
29 years$1,641$1,191$849$596$414$213
30 years$1,569$1,125$791$547$374$187
31 years$1,502$1,064$738$503$338$165
32 years$1,440$1,006$688$462$306$145
33 years$1,381$953$643$425$277$127
34 years$1,325$903$600$391$250$112
35 years$1,274$857$561$360$227$98
36 years$1,225$813$525$331$206$87
37 years$1,178$772$491$305$186$76
38 years$1,135$734$460$281$169$67
39 years$1,093$698$431$260$153$59
40 years$1,054$664$404$239$139$52
41 years$1,017$632$379$221$126$46
42 years$982$602$355$204$114$40
43 years$948$574$334$188$104$35
44 years$916$547$313$174$94$31
45 years$886$521$294$160$86$28
46 years$857$497$276$148$78$24
47 years$829$475$259$137$71$21
48 years$802$453$244$127$64$19
49 years$777$433$229$117$58$17
50 years$753$413$215$108$53$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $771,000, adding $5,091 every year, while hoping to spend $32,281 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: 46/26/28 Blend
39$771,000$771,000$771,000$771,000
40$854,893$814,030$802,080$887,125
41$907,746$819,571$794,603$915,998
42$964,907$824,301$785,793$943,790
43$1,026,783$828,148$775,573$973,324
44$1,093,819$831,031$763,859$1,004,782
45$1,166,505$832,868$750,565$1,038,364
46$1,245,381$833,571$735,601$1,074,294
47$1,331,038$833,044$718,872$1,112,818
48$1,424,130$831,189$700,279$1,154,211
49$1,525,372$827,898$679,720$1,198,779
50$1,635,554$823,060$657,085$1,246,858
51$1,755,545$816,554$632,261$1,298,825
52$1,886,300$808,254$605,131$1,355,094
53$2,028,869$798,025$575,570$1,416,127
54$2,184,411$785,726$543,449$1,482,433
55$2,354,199$771,205$508,633$1,554,578
56$2,539,636$754,302$470,980$1,633,188
57$2,742,264$734,848$430,343$1,718,958
58$2,963,783$712,663$386,567$1,812,655
59$3,206,063$687,559$339,492$1,915,129
60$3,471,166$659,334$288,950$2,027,321
61$3,761,359$627,775$234,764$2,150,273
62$4,079,140$592,658$176,750$2,285,135
63$4,427,259$553,745$114,718$2,433,183
64$4,808,746$510,785$48,468$2,595,826
65$5,226,937$463,512$0$2,774,622
66$5,685,505$411,645$0$2,977,936
67$6,188,499$354,888$0$3,216,916
68$6,740,374$292,926$0$3,479,239
69$7,346,041$225,428$0$3,767,304
70$8,010,908$152,045$0$4,083,755
71$8,740,932$72,406$0$4,431,512
72$9,542,675$0$0$4,813,794
73$10,423,366$0$0$5,238,123
74$11,390,969$0$0$5,727,181
75$12,454,256$0$0$6,264,698
76$13,622,893$0$0$6,855,572
77$14,907,528$0$0$7,505,200
78$16,319,891$0$0$8,219,525
79$17,872,906$0$0$9,005,099
80$19,580,814$0$0$9,869,138
81$21,459,301$0$0$10,819,593
82$23,525,653$0$0$11,865,223
83$25,798,914$0$0$13,015,682
84$28,300,068$0$0$14,281,605
85$31,052,234$0$0$15,674,708
86$34,080,886$0$0$17,207,904
87$37,414,092$0$0$18,895,419
88$41,082,779$0$0$20,752,929
89$45,121,025$0$0$22,797,704
90$49,566,378$0$0$25,048,778
91$54,460,211$0$0$27,527,122
92$59,848,114$0$0$30,255,843
93$65,780,321$0$0$33,260,403
94$72,312,187$0$0$36,568,860
95$79,504,704$0$0$40,212,130
96$87,425,083$0$0$44,224,281
97$96,147,384$0$0$48,642,853
98$105,753,215$0$0$53,509,211
99$116,332,503$0$0$58,868,939
100$127,984,342$0$0$64,772,265