Can I retire at age 40 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$65,403$64,820$64,252$63,697$63,155$61,754
2 years$32,378$31,775$31,190$30,624$30,074$28,669
3 years$21,371$20,765$20,182$19,621$19,080$17,716
4 years$15,868$15,264$14,687$14,136$13,608$12,295
5 years$12,568$11,968$11,398$10,858$10,345$9,087
6 years$10,368$9,772$9,211$8,683$8,185$6,984
7 years$8,797$8,207$7,655$7,139$6,657$5,512
8 years$7,620$7,035$6,492$5,988$5,523$4,433
9 years$6,705$6,125$5,591$5,101$4,651$3,617
10 years$5,973$5,399$4,875$4,397$3,963$2,983
11 years$5,375$4,806$4,292$3,827$3,408$2,481
12 years$4,876$4,314$3,809$3,357$2,953$2,077
13 years$4,455$3,899$3,403$2,963$2,575$1,749
14 years$4,094$3,544$3,057$2,630$2,258$1,479
15 years$3,782$3,237$2,760$2,346$1,988$1,256
16 years$3,509$2,970$2,503$2,101$1,757$1,069
17 years$3,268$2,735$2,277$1,887$1,558$913
18 years$3,054$2,528$2,079$1,701$1,385$781
19 years$2,863$2,343$1,903$1,537$1,234$670
20 years$2,692$2,177$1,747$1,392$1,103$575
21 years$2,537$2,028$1,607$1,263$987$494
22 years$2,396$1,893$1,481$1,149$884$425
23 years$2,267$1,770$1,367$1,046$794$366
24 years$2,150$1,659$1,264$954$714$316
25 years$2,042$1,556$1,171$871$642$272
26 years$1,942$1,463$1,086$797$578$235
27 years$1,850$1,377$1,009$729$522$203
28 years$1,765$1,297$938$668$471$176
29 years$1,686$1,224$873$613$425$152
30 years$1,612$1,156$813$562$384$131
31 years$1,543$1,093$758$516$347$113
32 years$1,479$1,034$707$475$314$98
33 years$1,418$979$660$436$284$85
34 years$1,362$928$617$402$257$74
35 years$1,308$880$577$370$233$64
36 years$1,258$835$539$340$211$55
37 years$1,210$793$505$314$191$48
38 years$1,166$754$473$289$173$41
39 years$1,123$717$443$267$157$36
40 years$1,083$682$415$246$143$31
41 years$1,045$649$389$227$129$27
42 years$1,008$618$365$209$117$23
43 years$974$589$343$193$107$20
44 years$941$562$322$178$97$17
45 years$910$536$302$165$88$15
46 years$880$511$284$152$80$13
47 years$851$488$266$141$72$11
48 years$824$465$250$130$66$10
49 years$798$444$235$120$60$9
50 years$773$425$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 $792,000, adding $4,574 every year, while hoping to spend $49,496 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: 60/23/17 Blend
39$792,000$792,000$792,000$792,000
40$877,502$835,526$823,250$926,064
41$914,344$823,803$798,166$947,673
42$953,285$809,848$770,582$965,337
43$994,486$793,497$740,363$983,459
44$1,038,126$774,580$707,367$1,002,090
45$1,084,395$752,915$671,444$1,021,287
46$1,133,506$728,311$632,441$1,041,118
47$1,185,690$700,564$590,193$1,061,655
48$1,241,198$669,459$544,532$1,082,986
49$1,300,306$634,769$495,280$1,105,207
50$1,363,318$596,253$442,253$1,128,427
51$1,430,564$553,656$385,255$1,152,770
52$1,502,407$506,711$324,087$1,178,376
53$1,579,244$455,132$258,536$1,205,402
54$1,661,512$398,618$188,382$1,234,024
55$1,749,688$336,853$113,395$1,264,444
56$1,844,298$269,500$33,335$1,296,884
57$1,945,917$196,206$0$1,331,595
58$2,055,175$116,595$0$1,378,311
59$2,172,768$30,273$0$1,434,962
60$2,299,456$0$0$1,495,898
61$2,436,075$0$0$1,577,556
62$2,583,545$0$0$1,674,018
63$2,742,875$0$0$1,778,289
64$2,915,175$0$0$1,891,102
65$3,101,664$0$0$2,013,262
66$3,303,683$0$0$2,145,653
67$3,522,706$0$0$2,289,251
68$3,760,354$0$0$2,445,125
69$4,018,409$0$0$2,614,452
70$4,298,832$0$0$2,798,529
71$4,603,781$0$0$2,998,779
72$4,935,629$0$0$3,216,772
73$5,296,986$0$0$3,454,231
74$5,690,726$0$0$3,713,056
75$6,120,011$0$0$3,995,335
76$6,588,321$0$0$4,303,369
77$7,099,487$0$0$4,639,688
78$7,657,726$0$0$5,007,078
79$8,267,679$0$0$5,408,609
80$8,934,456$0$0$5,847,655
81$9,663,684$0$0$6,327,937
82$10,461,558$0$0$6,853,548
83$11,334,898$0$0$7,428,996
84$12,291,216$0$0$8,059,246
85$13,338,784$0$0$8,749,765
86$14,486,710$0$0$9,506,574
87$15,745,027$0$0$10,336,303
88$17,124,783$0$0$11,246,258
89$18,638,148$0$0$12,244,480
90$20,298,525$0$0$13,339,831
91$22,120,678$0$0$14,542,070
92$24,120,870$0$0$15,861,947
93$26,317,014$0$0$17,311,303
94$28,728,842$0$0$18,903,185
95$31,378,093$0$0$20,651,961
96$34,288,712$0$0$22,573,463
97$37,487,082$0$0$24,685,131
98$41,002,265$0$0$27,006,178
99$44,866,279$0$0$29,557,771
100$49,114,398$0$0$32,363,232