Can I retire at age 40 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$63,916$63,347$62,791$62,249$61,720$59,506
2 years$31,642$31,052$30,481$29,928$29,390$27,184
3 years$20,885$20,293$19,723$19,175$18,646$16,517
4 years$15,508$14,918$14,354$13,814$13,299$11,262
5 years$12,282$11,696$11,139$10,611$10,110$8,171
6 years$10,132$9,550$9,002$8,486$7,999$6,161
7 years$8,597$8,020$7,481$6,976$6,506$4,767
8 years$7,447$6,875$6,344$5,852$5,397$3,756
9 years$6,552$5,986$5,464$4,985$4,545$3,000
10 years$5,837$5,276$4,764$4,297$3,873$2,420
11 years$5,253$4,697$4,194$3,740$3,331$1,968
12 years$4,766$4,216$3,722$3,280$2,886$1,611
13 years$4,354$3,810$3,325$2,896$2,517$1,324
14 years$4,001$3,463$2,988$2,571$2,206$1,093
15 years$3,696$3,164$2,698$2,293$1,943$906
16 years$3,429$2,903$2,446$2,053$1,717$752
17 years$3,194$2,673$2,226$1,844$1,522$626
18 years$2,985$2,470$2,032$1,662$1,354$522
19 years$2,798$2,289$1,860$1,502$1,206$436
20 years$2,631$2,127$1,707$1,360$1,078$364
21 years$2,479$1,981$1,570$1,235$964$305
22 years$2,341$1,850$1,447$1,122$864$255
23 years$2,216$1,730$1,336$1,022$776$214
24 years$2,101$1,621$1,236$932$697$179
25 years$1,995$1,521$1,144$851$628$150
26 years$1,898$1,430$1,061$779$565$126
27 years$1,808$1,345$986$713$510$106
28 years$1,725$1,268$916$653$460$89
29 years$1,648$1,196$853$599$415$75
30 years$1,576$1,129$794$550$375$63
31 years$1,508$1,068$740$505$339$53
32 years$1,445$1,010$691$464$307$44
33 years$1,386$957$645$427$278$37
34 years$1,331$907$603$392$251$31
35 years$1,278$860$563$361$228$26
36 years$1,229$816$527$333$206$22
37 years$1,183$775$493$307$187$19
38 years$1,139$737$462$283$170$16
39 years$1,098$701$433$261$154$13
40 years$1,058$667$406$240$139$11
41 years$1,021$635$380$222$127$9
42 years$985$604$357$205$115$8
43 years$952$576$335$189$104$7
44 years$920$549$314$174$95$6
45 years$889$523$295$161$86$5
46 years$860$499$277$149$78$4
47 years$832$476$260$137$71$3
48 years$805$455$245$127$64$3
49 years$780$434$230$117$58$2
50 years$756$415$216$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $774,000, adding $2,288 every year, while hoping to spend $54,911 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: 71/5/24 Blend
39$774,000$774,000$774,000$774,000
40$855,308$814,286$802,289$910,724
41$884,125$795,761$770,741$929,513
42$914,040$774,488$736,295$943,412
43$945,109$750,275$698,798$957,307
44$977,388$722,916$658,086$971,193
45$1,010,940$692,198$613,990$985,063
46$1,045,831$657,890$566,334$998,915
47$1,082,131$619,753$514,932$1,012,745
48$1,119,918$577,530$459,591$1,026,553
49$1,159,272$530,951$400,110$1,040,337
50$1,200,281$479,731$336,277$1,054,100
51$1,243,041$423,569$267,873$1,067,845
52$1,287,652$362,145$194,668$1,081,578
53$1,334,225$295,123$116,422$1,095,309
54$1,382,879$222,146$32,885$1,109,050
55$1,433,740$142,840$0$1,122,816
56$1,486,949$56,806$0$1,151,036
57$1,542,655$0$0$1,189,250
58$1,601,019$0$0$1,231,132
59$1,662,219$0$0$1,278,337
60$1,726,445$0$0$1,327,889
61$1,793,904$0$0$1,379,949
62$1,864,822$0$0$1,434,692
63$1,939,443$0$0$1,492,309
64$2,018,035$0$0$1,553,009
65$2,100,888$0$0$1,617,017
66$2,188,317$0$0$1,684,581
67$2,280,668$0$0$1,755,969
68$2,378,317$0$0$1,831,474
69$2,481,674$0$0$1,911,418
70$2,591,188$0$0$1,996,149
71$2,707,349$0$0$2,086,051
72$2,830,691$0$0$2,181,541
73$2,961,801$0$0$2,283,077
74$3,101,319$0$0$2,391,158
75$3,249,946$0$0$2,506,333
76$3,408,450$0$0$2,629,201
77$3,577,673$0$0$2,760,418
78$3,758,536$0$0$2,900,706
79$3,952,048$0$0$3,050,853
80$4,159,319$0$0$3,211,724
81$4,381,562$0$0$3,384,269
82$4,620,111$0$0$3,569,530
83$4,876,428$0$0$3,768,650
84$5,152,119$0$0$3,982,883
85$5,448,947$0$0$4,213,607
86$5,768,848$0$0$4,462,336
87$6,113,947$0$0$4,730,733
88$6,486,583$0$0$5,020,622
89$6,889,321$0$0$5,334,012
90$7,324,983$0$0$5,673,109
91$7,796,671$0$0$6,040,336
92$8,307,793$0$0$6,438,361
93$8,862,100$0$0$6,870,115
94$9,463,715$0$0$7,338,821
95$10,117,170$0$0$7,848,025
96$10,827,455$0$0$8,401,629
97$11,600,057$0$0$9,003,924
98$12,441,012$0$0$9,659,630
99$13,356,964$0$0$10,373,943
100$14,355,222$0$0$11,152,581