Can I retire at age 40 with 779,000?

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 $779,000?

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$64,329$63,756$63,197$62,651$62,119$59,891
2 years$31,846$31,253$30,678$30,121$29,580$27,360
3 years$21,020$20,424$19,851$19,299$18,767$16,624
4 years$15,608$15,014$14,446$13,904$13,385$11,335
5 years$12,361$11,771$11,211$10,679$10,175$8,224
6 years$10,198$9,612$9,060$8,540$8,051$6,201
7 years$8,653$8,072$7,529$7,021$6,548$4,797
8 years$7,495$6,919$6,385$5,890$5,432$3,780
9 years$6,595$6,025$5,500$5,017$4,574$3,019
10 years$5,875$5,310$4,795$4,325$3,898$2,436
11 years$5,286$4,727$4,221$3,764$3,352$1,981
12 years$4,796$4,243$3,746$3,301$2,905$1,621
13 years$4,382$3,835$3,347$2,915$2,533$1,333
14 years$4,027$3,485$3,007$2,587$2,221$1,100
15 years$3,720$3,184$2,715$2,307$1,955$911
16 years$3,451$2,921$2,462$2,066$1,728$757
17 years$3,215$2,690$2,240$1,856$1,532$630
18 years$3,004$2,486$2,045$1,673$1,362$525
19 years$2,816$2,304$1,872$1,512$1,214$438
20 years$2,648$2,141$1,718$1,369$1,085$366
21 years$2,495$1,994$1,580$1,243$971$307
22 years$2,356$1,862$1,456$1,130$870$257
23 years$2,230$1,741$1,345$1,029$781$215
24 years$2,115$1,631$1,244$938$702$180
25 years$2,008$1,531$1,152$857$632$151
26 years$1,911$1,439$1,068$784$569$127
27 years$1,820$1,354$992$717$513$107
28 years$1,736$1,276$922$657$463$90
29 years$1,658$1,204$858$603$418$75
30 years$1,586$1,137$799$553$378$63
31 years$1,518$1,075$745$508$341$53
32 years$1,455$1,017$695$467$309$45
33 years$1,395$963$649$429$279$38
34 years$1,339$913$607$395$253$32
35 years$1,287$866$567$364$229$27
36 years$1,237$822$531$335$208$22
37 years$1,191$780$497$309$188$19
38 years$1,146$742$465$284$171$16
39 years$1,105$705$436$262$155$13
40 years$1,065$671$408$242$140$11
41 years$1,027$639$383$223$127$9
42 years$992$608$359$206$116$8
43 years$958$580$337$190$105$7
44 years$926$552$316$176$95$6
45 years$895$527$297$162$86$5
46 years$865$503$279$150$78$4
47 years$837$480$262$138$71$3
48 years$811$458$246$128$65$3
49 years$785$437$232$118$59$2
50 years$761$418$218$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $779,000, adding $5,991 every year, while hoping to spend $48,544 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: 58/31/11 Blend
39$779,000$779,000$779,000$779,000
40$864,638$823,351$811,276$912,135
41$901,180$812,044$786,804$933,545
42$939,823$798,557$759,884$950,925
43$980,730$782,731$730,384$968,702
44$1,024,077$764,398$698,166$986,918
45$1,070,061$743,381$663,082$1,005,625
46$1,118,893$719,492$624,981$1,024,881
47$1,170,805$692,533$583,703$1,044,750
48$1,226,054$662,294$539,083$1,065,309
49$1,284,916$628,550$490,947$1,086,644
50$1,347,697$591,069$439,114$1,108,852
51$1,414,730$549,600$383,392$1,132,045
52$1,486,383$503,880$323,586$1,156,349
53$1,563,055$453,632$259,488$1,181,907
54$1,645,188$398,561$190,882$1,208,879
55$1,733,263$338,356$117,542$1,237,447
56$1,827,810$272,690$39,234$1,267,818
57$1,929,411$201,216$0$1,300,221
58$2,038,702$123,567$0$1,340,120
59$2,156,385$39,356$0$1,387,855
60$2,283,227$0$0$1,439,176
61$2,420,075$0$0$1,512,160
62$2,567,856$0$0$1,605,524
63$2,727,590$0$0$1,706,493
64$2,900,398$0$0$1,815,783
65$3,087,512$0$0$1,934,181
66$3,290,287$0$0$2,062,551
67$3,510,212$0$0$2,201,843
68$3,748,925$0$0$2,353,104
69$4,008,228$0$0$2,517,484
70$4,290,103$0$0$2,696,248
71$4,596,730$0$0$2,890,789
72$4,930,507$0$0$3,102,637
73$5,294,075$0$0$3,333,480
74$5,690,336$0$0$3,585,171
75$6,122,489$0$0$3,859,752
76$6,594,052$0$0$4,159,470
77$7,108,896$0$0$4,486,800
78$7,671,285$0$0$4,844,464
79$8,285,913$0$0$5,235,459
80$8,957,945$0$0$5,663,088
81$9,693,071$0$0$6,130,983
82$10,497,555$0$0$6,643,147
83$11,378,293$0$0$7,203,986
84$12,342,881$0$0$7,818,352
85$13,399,684$0$0$8,491,590
86$14,557,911$0$0$9,229,585
87$15,827,709$0$0$10,038,819
88$17,220,251$0$0$10,926,430
89$18,747,842$0$0$11,900,284
90$20,424,038$0$0$12,969,040
91$22,263,769$0$0$14,142,239
92$24,283,482$0$0$15,430,391
93$26,501,293$0$0$16,845,072
94$28,937,159$0$0$18,399,035
95$31,613,065$0$0$20,106,329
96$34,553,229$0$0$21,982,430
97$37,784,332$0$0$24,044,390
98$41,335,768$0$0$26,310,991
99$45,239,919$0$0$28,802,930
100$49,532,463$0$0$31,543,005