Can I retire at age 40 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$65,320$64,738$64,171$63,616$63,075$61,651
2 years$32,337$31,734$31,151$30,585$30,036$28,608
3 years$21,344$20,739$20,157$19,596$19,056$17,670
4 years$15,848$15,245$14,669$14,118$13,591$12,257
5 years$12,552$11,952$11,384$10,844$10,332$9,054
6 years$10,355$9,760$9,200$8,672$8,175$6,954
7 years$8,786$8,196$7,645$7,130$6,648$5,485
8 years$7,610$7,026$6,484$5,981$5,516$4,410
9 years$6,696$6,117$5,584$5,094$4,645$3,595
10 years$5,965$5,392$4,868$4,391$3,958$2,963
11 years$5,368$4,800$4,286$3,822$3,404$2,463
12 years$4,870$4,308$3,804$3,352$2,950$2,061
13 years$4,449$3,894$3,398$2,960$2,572$1,734
14 years$4,089$3,539$3,054$2,627$2,255$1,466
15 years$3,777$3,233$2,757$2,343$1,985$1,244
16 years$3,504$2,966$2,500$2,098$1,755$1,058
17 years$3,264$2,732$2,275$1,885$1,556$903
18 years$3,051$2,524$2,076$1,699$1,383$772
19 years$2,860$2,340$1,901$1,535$1,233$661
20 years$2,688$2,174$1,744$1,390$1,101$567
21 years$2,533$2,025$1,605$1,262$986$487
22 years$2,393$1,890$1,479$1,147$883$419
23 years$2,265$1,768$1,365$1,045$793$361
24 years$2,147$1,656$1,263$953$713$311
25 years$2,039$1,554$1,170$870$641$268
26 years$1,940$1,461$1,085$796$578$231
27 years$1,848$1,375$1,007$728$521$199
28 years$1,763$1,296$936$667$470$172
29 years$1,684$1,222$871$612$424$149
30 years$1,610$1,154$812$562$383$128
31 years$1,541$1,091$757$516$347$111
32 years$1,477$1,032$706$474$314$96
33 years$1,417$978$659$436$284$83
34 years$1,360$927$616$401$257$72
35 years$1,307$879$576$369$233$62
36 years$1,256$834$539$340$211$54
37 years$1,209$792$504$313$191$46
38 years$1,164$753$472$289$173$40
39 years$1,122$716$442$266$157$35
40 years$1,081$681$415$246$143$30
41 years$1,043$649$389$227$129$26
42 years$1,007$618$365$209$117$23
43 years$973$588$342$193$106$20
44 years$940$561$321$178$97$17
45 years$909$535$302$165$88$15
46 years$879$510$283$152$80$13
47 years$850$487$266$140$72$11
48 years$823$465$250$130$66$9
49 years$797$444$235$120$60$8
50 years$772$424$221$111$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $791,000, adding $3,598 every year, while hoping to spend $33,544 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: 45/46/9 Blend
39$791,000$791,000$791,000$791,000
40$875,393$833,470$821,210$912,410
41$928,993$838,620$813,030$943,529
42$986,935$842,897$803,452$973,517
43$1,049,628$846,225$792,393$1,005,266
44$1,117,520$848,519$779,767$1,038,951
45$1,191,102$849,692$765,485$1,074,767
46$1,270,917$849,650$749,451$1,112,926
47$1,357,561$848,292$731,568$1,153,668
48$1,451,688$845,514$711,731$1,197,257
49$1,554,019$841,204$689,833$1,243,985
50$1,665,347$835,241$665,760$1,294,179
51$1,786,544$827,499$639,395$1,348,199
52$1,918,570$817,845$610,613$1,406,445
53$2,062,481$806,137$579,286$1,469,360
54$2,219,441$792,224$545,279$1,537,436
55$2,390,727$775,947$508,449$1,611,217
56$2,577,750$757,136$468,650$1,691,307
57$2,782,058$735,614$425,728$1,778,373
58$3,005,359$711,190$379,521$1,873,157
59$3,249,532$683,665$329,862$1,976,478
60$3,516,647$652,826$276,574$2,089,243
61$3,808,980$618,450$219,474$2,212,456
62$4,129,040$580,299$158,371$2,347,231
63$4,479,591$538,122$93,065$2,494,796
64$4,863,673$491,654$23,347$2,656,514
65$5,284,637$440,615$0$2,833,890
66$5,746,174$384,708$0$3,033,494
67$6,252,345$323,621$0$3,254,974
68$6,807,628$257,022$0$3,498,149
69$7,416,953$184,563$0$3,765,292
70$8,085,750$105,874$0$4,058,920
71$8,820,000$20,565$0$4,381,810
72$9,626,293$0$0$4,737,032
73$10,511,888$0$0$5,164,307
74$11,484,780$0$0$5,645,235
75$12,553,779$0$0$6,173,774
76$13,728,588$0$0$6,754,736
77$15,019,899$0$0$7,393,419
78$16,439,491$0$0$8,095,663
79$18,000,338$0$0$8,867,902
80$19,716,739$0$0$9,717,224
81$21,604,444$0$0$10,651,437
82$23,680,808$0$0$11,679,146
83$25,964,952$0$0$12,809,832
84$28,477,942$0$0$14,053,939
85$31,242,991$0$0$15,422,976
86$34,285,675$0$0$16,929,625
87$37,634,173$0$0$18,587,857
88$41,319,536$0$0$20,413,068
89$45,375,976$0$0$22,422,222
90$49,841,191$0$0$24,634,010
91$54,756,719$0$0$27,069,030
92$60,168,331$0$0$29,749,977
93$66,126,459$0$0$32,701,856
94$72,686,677$0$0$35,952,225
95$79,910,219$0$0$39,531,447
96$87,864,562$0$0$43,472,981
97$96,624,058$0$0$47,813,695
98$106,270,638$0$0$52,594,216
99$116,894,584$0$0$57,859,310
100$128,595,379$0$0$63,658,310