Can I retire at age 40 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$64,247$63,674$63,116$62,571$62,039$61,700
2 years$31,805$31,213$30,639$30,082$29,542$29,200
3 years$20,993$20,398$19,825$19,274$18,743$18,408
4 years$15,588$14,995$14,428$13,886$13,368$13,043
5 years$12,346$11,756$11,197$10,666$10,162$9,848
6 years$10,185$9,600$9,048$8,529$8,041$7,739
7 years$8,642$8,062$7,519$7,012$6,539$6,249
8 years$7,485$6,910$6,377$5,883$5,425$5,146
9 years$6,586$6,017$5,492$5,011$4,569$4,301
10 years$5,867$5,303$4,788$4,319$3,893$3,637
11 years$5,280$4,721$4,216$3,759$3,348$3,103
12 years$4,790$4,238$3,741$3,297$2,901$2,668
13 years$4,376$3,830$3,343$2,911$2,530$2,307
14 years$4,022$3,481$3,003$2,584$2,218$2,006
15 years$3,715$3,180$2,712$2,304$1,953$1,751
16 years$3,447$2,918$2,458$2,063$1,726$1,534
17 years$3,210$2,687$2,237$1,854$1,530$1,348
18 years$3,000$2,483$2,042$1,671$1,361$1,188
19 years$2,813$2,301$1,870$1,510$1,213$1,049
20 years$2,644$2,138$1,716$1,367$1,083$928
21 years$2,492$1,992$1,578$1,241$969$823
22 years$2,353$1,859$1,455$1,128$869$731
23 years$2,227$1,739$1,343$1,028$780$650
24 years$2,112$1,629$1,242$937$701$578
25 years$2,006$1,529$1,150$856$631$515
26 years$1,908$1,437$1,067$783$568$459
27 years$1,818$1,352$991$716$512$410
28 years$1,734$1,274$921$656$462$366
29 years$1,656$1,202$857$602$417$327
30 years$1,584$1,135$798$552$377$293
31 years$1,516$1,073$744$507$341$262
32 years$1,453$1,016$694$466$308$234
33 years$1,393$962$648$429$279$210
34 years$1,338$911$606$394$253$188
35 years$1,285$865$566$363$229$168
36 years$1,236$821$530$334$207$151
37 years$1,189$779$496$308$188$135
38 years$1,145$741$464$284$170$121
39 years$1,103$704$435$262$155$109
40 years$1,064$670$408$242$140$98
41 years$1,026$638$382$223$127$88
42 years$991$607$359$206$115$79
43 years$957$579$337$190$105$71
44 years$924$552$316$175$95$63
45 years$894$526$297$162$86$57
46 years$864$502$279$150$78$51
47 years$836$479$262$138$71$46
48 years$810$457$246$128$65$41
49 years$784$437$231$118$59$37
50 years$760$417$217$109$53$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $778,000, adding $6,447 every year, while hoping to spend $34,597 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: 41/38/21 Blend
39$778,000$778,000$778,000$778,000
40$864,006$822,772$810,713$893,853
41$915,324$826,277$801,061$919,274
42$970,716$828,794$789,926$942,967
43$1,030,563$830,238$777,222$967,906
44$1,095,280$830,520$762,859$994,224
45$1,165,326$829,542$746,742$1,022,070
46$1,241,203$827,204$728,772$1,051,610
47$1,323,466$823,398$708,846$1,083,027
48$1,412,723$818,008$686,856$1,116,529
49$1,509,644$810,913$662,689$1,152,344
50$1,614,965$801,985$636,226$1,190,727
51$1,729,495$791,086$607,343$1,231,965
52$1,854,126$778,072$575,912$1,276,373
53$1,989,839$762,789$541,797$1,324,305
54$2,137,712$745,076$504,856$1,376,152
55$2,298,933$724,758$464,943$1,432,350
56$2,474,808$701,656$421,903$1,493,385
57$2,666,776$675,574$375,574$1,559,793
58$2,876,421$646,311$325,789$1,632,173
59$3,105,484$613,649$272,372$1,711,187
60$3,355,886$577,360$215,138$1,797,573
61$3,629,738$537,202$153,897$1,892,147
62$3,929,367$492,921$88,449$1,995,815
63$4,257,334$444,245$18,584$2,109,581
64$4,616,460$390,891$0$2,234,559
65$5,009,850$332,556$0$2,384,525
66$5,440,925$268,922$0$2,553,562
67$5,913,452$199,652$0$2,739,070
68$6,431,580$124,390$0$2,942,782
69$6,999,878$42,762$0$3,166,610
70$7,623,379$0$0$3,412,673
71$8,307,626$0$0$3,702,386
72$9,058,727$0$0$4,040,137
73$9,883,407$0$0$4,411,081
74$10,789,077$0$0$4,818,566
75$11,783,898$0$0$5,266,277
76$12,876,862$0$0$5,758,276
77$14,077,875$0$0$6,299,035
78$15,397,850$0$0$6,893,485
79$16,848,810$0$0$7,547,055
80$18,443,999$0$0$8,265,728
81$20,198,011$0$0$9,056,095
82$22,126,923$0$0$9,925,419
83$24,248,449$0$0$10,881,699
84$26,582,104$0$0$11,933,753
85$29,149,392$0$0$13,091,293
86$31,974,005$0$0$14,365,022
87$35,082,047$0$0$15,766,731
88$38,502,280$0$0$17,309,413
89$42,266,395$0$0$19,007,385
90$46,409,312$0$0$20,876,421
91$50,969,506$0$0$22,933,903
92$55,989,373$0$0$25,198,982
93$61,515,627$0$0$27,692,763
94$67,599,743$0$0$30,438,499
95$74,298,438$0$0$33,461,814
96$81,674,211$0$0$36,790,943
97$89,795,928$0$0$40,456,998
98$98,739,476$0$0$44,494,262
99$108,588,473$0$0$48,940,513
100$119,435,061$0$0$53,837,377