Can I retire at age 40 with 784,000?

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 $784,000?

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$64,742$64,165$63,603$63,053$62,517$60,275
2 years$32,050$31,454$30,875$30,314$29,770$27,535
3 years$21,155$20,555$19,978$19,423$18,887$16,730
4 years$15,708$15,110$14,539$13,993$13,471$11,408
5 years$12,441$11,847$11,283$10,748$10,240$8,277
6 years$10,263$9,674$9,118$8,595$8,103$6,241
7 years$8,709$8,124$7,577$7,067$6,590$4,828
8 years$7,543$6,964$6,426$5,928$5,467$3,804
9 years$6,637$6,063$5,535$5,049$4,604$3,038
10 years$5,913$5,344$4,825$4,353$3,923$2,451
11 years$5,320$4,758$4,248$3,788$3,374$1,994
12 years$4,827$4,270$3,770$3,323$2,924$1,631
13 years$4,410$3,859$3,368$2,933$2,549$1,341
14 years$4,053$3,508$3,027$2,604$2,235$1,108
15 years$3,744$3,204$2,733$2,322$1,968$917
16 years$3,473$2,940$2,477$2,079$1,739$762
17 years$3,235$2,708$2,254$1,868$1,542$634
18 years$3,024$2,502$2,058$1,684$1,371$528
19 years$2,835$2,319$1,884$1,521$1,222$441
20 years$2,665$2,155$1,729$1,378$1,092$369
21 years$2,511$2,007$1,590$1,250$977$309
22 years$2,372$1,874$1,466$1,137$876$258
23 years$2,244$1,752$1,353$1,035$786$217
24 years$2,128$1,642$1,252$944$706$182
25 years$2,021$1,541$1,159$862$636$152
26 years$1,923$1,448$1,075$789$573$128
27 years$1,832$1,363$998$722$516$107
28 years$1,747$1,284$928$661$466$90
29 years$1,669$1,211$864$606$421$76
30 years$1,596$1,144$805$557$380$64
31 years$1,528$1,082$750$511$344$53
32 years$1,464$1,023$700$470$311$45
33 years$1,404$969$653$432$281$38
34 years$1,348$919$610$397$255$32
35 years$1,295$871$571$366$231$27
36 years$1,245$827$534$337$209$22
37 years$1,198$785$500$311$189$19
38 years$1,154$746$468$286$172$16
39 years$1,112$710$438$264$156$13
40 years$1,072$675$411$243$141$11
41 years$1,034$643$385$225$128$9
42 years$998$612$361$207$116$8
43 years$964$583$339$191$106$7
44 years$932$556$318$177$96$6
45 years$901$530$299$163$87$5
46 years$871$506$281$151$79$4
47 years$843$483$264$139$72$3
48 years$816$461$248$129$65$3
49 years$790$440$233$119$59$2
50 years$765$420$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $784,000, adding $3,355 every year, while hoping to spend $51,182 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: 48/32/20 Blend
39$784,000$784,000$784,000$784,000
40$867,429$825,877$813,725$904,015
41$901,449$811,887$786,527$915,825
42$937,224$795,497$756,703$923,205
43$974,879$776,534$724,111$930,146
44$1,014,550$754,817$688,601$936,631
45$1,056,384$730,154$650,019$942,640
46$1,100,543$702,339$608,203$948,157
47$1,147,203$671,159$562,983$953,167
48$1,196,557$636,384$514,181$957,660
49$1,248,813$597,774$461,614$961,627
50$1,304,200$555,074$405,087$965,064
51$1,362,970$508,014$344,398$967,972
52$1,425,395$456,309$279,338$970,354
53$1,491,775$399,657$209,685$972,224
54$1,562,436$337,741$135,210$973,601
55$1,637,738$270,223$55,672$974,511
56$1,718,072$196,749$0$974,991
57$1,803,869$116,943$0$981,322
58$1,895,599$30,409$0$1,000,415
59$1,993,780$0$0$1,020,509
60$2,098,977$0$0$1,064,034
61$2,211,812$0$0$1,122,262
62$2,332,967$0$0$1,184,846
63$2,463,189$0$0$1,252,178
64$2,603,300$0$0$1,324,693
65$2,754,201$0$0$1,402,865
66$2,916,884$0$0$1,487,216
67$3,092,435$0$0$1,578,321
68$3,282,051$0$0$1,676,811
69$3,487,044$0$0$1,783,377
70$3,708,859$0$0$1,898,783
71$3,949,082$0$0$2,023,865
72$4,209,458$0$0$2,159,545
73$4,491,906$0$0$2,306,835
74$4,798,536$0$0$2,466,850
75$5,131,668$0$0$2,640,815
76$5,493,856$0$0$2,830,079
77$5,887,908$0$0$3,036,124
78$6,316,914$0$0$3,260,583
79$6,784,275$0$0$3,505,253
80$7,293,732$0$0$3,772,109
81$7,849,403$0$0$4,063,329
82$8,455,822$0$0$4,381,306
83$9,117,978$0$0$4,728,678
84$9,841,363$0$0$5,108,348
85$10,632,024$0$0$5,523,509
86$11,496,618$0$0$5,977,682
87$12,442,474$0$0$6,474,740
88$13,477,664$0$0$7,018,949
89$14,611,074$0$0$7,615,006
90$15,852,490$0$0$8,268,085
91$17,212,690$0$0$8,983,883
92$18,703,542$0$0$9,768,675
93$20,338,119$0$0$10,629,371
94$22,130,818$0$0$11,573,583
95$24,097,495$0$0$12,609,696
96$26,255,618$0$0$13,746,943
97$28,624,424$0$0$14,995,499
98$31,225,107$0$0$16,366,567
99$34,081,011$0$0$17,872,493
100$37,217,852$0$0$19,526,874