Can I retire at age 40 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$65,485$64,902$64,333$63,777$63,235$61,556
2 years$32,418$31,815$31,230$30,662$30,112$28,433
3 years$21,398$20,791$20,208$19,646$19,104$17,477
4 years$15,888$15,284$14,706$14,154$13,625$12,062
5 years$12,584$11,983$11,412$10,871$10,358$8,863
6 years$10,381$9,785$9,223$8,694$8,196$6,771
7 years$8,809$8,217$7,664$7,148$6,665$5,310
8 years$7,630$7,044$6,500$5,996$5,530$4,244
9 years$6,713$6,133$5,598$5,107$4,657$3,439
10 years$5,981$5,406$4,881$4,403$3,968$2,817
11 years$5,381$4,812$4,297$3,832$3,412$2,327
12 years$4,883$4,319$3,813$3,361$2,957$1,934
13 years$4,461$3,903$3,407$2,967$2,579$1,617
14 years$4,100$3,548$3,061$2,634$2,260$1,357
15 years$3,787$3,241$2,764$2,349$1,990$1,143
16 years$3,513$2,974$2,506$2,103$1,759$966
17 years$3,272$2,739$2,280$1,890$1,560$818
18 years$3,058$2,531$2,082$1,703$1,387$694
19 years$2,867$2,345$1,906$1,539$1,236$590
20 years$2,695$2,180$1,749$1,394$1,104$503
21 years$2,540$2,030$1,609$1,265$988$428
22 years$2,399$1,895$1,483$1,150$886$366
23 years$2,270$1,772$1,369$1,047$795$312
24 years$2,153$1,661$1,266$955$715$267
25 years$2,044$1,558$1,173$872$643$228
26 years$1,945$1,465$1,088$798$579$195
27 years$1,853$1,378$1,010$730$522$167
28 years$1,767$1,299$939$669$471$143
29 years$1,688$1,225$874$613$425$123
30 years$1,614$1,157$814$563$384$105
31 years$1,545$1,094$759$517$348$90
32 years$1,481$1,035$708$475$314$77
33 years$1,420$980$661$437$285$66
34 years$1,363$929$617$402$258$57
35 years$1,310$881$577$370$233$49
36 years$1,259$836$540$341$211$42
37 years$1,212$794$505$314$192$36
38 years$1,167$755$473$289$174$31
39 years$1,124$718$443$267$158$26
40 years$1,084$683$416$246$143$23
41 years$1,046$650$390$227$130$19
42 years$1,010$619$366$210$118$17
43 years$975$590$343$194$107$14
44 years$942$562$322$179$97$12
45 years$911$536$302$165$88$11
46 years$881$512$284$152$80$9
47 years$852$488$267$141$73$8
48 years$825$466$251$130$66$7
49 years$799$445$236$120$60$6
50 years$774$425$222$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $793,000, adding $6,618 every year, while hoping to spend $27,821 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: 51/42/7 Blend
39$793,000$793,000$793,000$793,000
40$880,712$838,683$826,392$923,759
41$940,944$850,178$824,475$965,266
42$1,006,386$861,303$821,561$1,006,806
43$1,077,542$872,011$817,588$1,051,300
44$1,154,964$882,252$812,489$1,099,029
45$1,239,259$891,971$806,196$1,150,309
46$1,331,097$901,111$798,637$1,205,482
47$1,431,213$909,610$789,736$1,264,932
48$1,540,418$917,402$779,414$1,329,078
49$1,659,604$924,417$767,587$1,398,385
50$1,789,751$930,582$754,169$1,473,365
51$1,931,941$935,815$739,069$1,554,584
52$2,087,362$940,034$722,191$1,642,667
53$2,257,325$943,148$703,437$1,738,303
54$2,443,272$945,061$682,701$1,842,253
55$2,646,789$945,673$659,875$1,955,357
56$2,869,626$944,875$634,845$2,078,541
57$3,113,708$942,554$607,492$2,212,829
58$3,381,154$938,587$577,691$2,359,350
59$3,674,300$932,846$545,312$2,519,351
60$3,995,717$925,194$510,219$2,694,206
61$4,348,238$915,486$472,269$2,885,433
62$4,734,982$903,569$431,314$3,094,708
63$5,159,386$889,279$387,198$3,323,878
64$5,625,234$872,445$339,760$3,574,983
65$6,136,696$852,883$288,830$3,850,274
66$6,698,363$830,399$234,231$4,152,234
67$7,315,297$804,789$175,778$4,483,602
68$7,993,069$775,835$113,278$4,847,403
69$8,737,820$743,309$46,531$5,246,970
70$9,556,313$706,967$0$5,685,983
71$10,456,001$666,551$0$6,170,346
72$11,445,092$621,792$0$6,706,521
73$12,532,632$572,400$0$7,295,985
74$13,728,585$518,073$0$7,944,206
75$15,043,931$458,488$0$8,657,212
76$16,490,765$393,308$0$9,441,651
77$18,082,416$322,172$0$10,304,857
78$19,833,567$244,704$0$11,254,916
79$21,760,399$160,502$0$12,300,743
80$23,880,736$69,143$0$13,452,173
81$26,214,223$0$0$14,720,047
82$28,782,502$0$0$16,130,103
83$31,609,419$0$0$17,717,431
84$34,721,252$0$0$19,464,841
85$38,146,953$0$0$21,388,604
86$41,918,426$0$0$23,506,648
87$46,070,825$0$0$25,838,730
88$50,642,885$0$0$28,406,619
89$55,677,289$0$0$31,234,300
90$61,221,071$0$0$34,348,207
91$67,326,056$0$0$37,777,464
92$74,049,354$0$0$41,554,166
93$81,453,893$0$0$45,713,679
94$89,609,018$0$0$50,294,974
95$98,591,140$0$0$55,340,993
96$108,484,462$0$0$60,899,058
97$119,381,770$0$0$67,021,314
98$131,385,307$0$0$73,765,223
99$144,607,743$0$0$81,194,104
100$159,173,233$0$0$89,377,733