Can I retire at age 40 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$65,981$65,393$64,820$64,260$63,713$62,839
2 years$32,664$32,055$31,466$30,894$30,340$29,460
3 years$21,559$20,949$20,360$19,794$19,249$18,392
4 years$16,008$15,399$14,817$14,261$13,728$12,900
5 years$12,679$12,073$11,499$10,954$10,436$9,639
6 years$10,460$9,859$9,293$8,760$8,258$7,493
7 years$8,875$8,279$7,722$7,202$6,716$5,984
8 years$7,687$7,097$6,549$6,041$5,571$4,872
9 years$6,764$6,179$5,641$5,146$4,692$4,025
10 years$6,026$5,447$4,918$4,436$3,998$3,362
11 years$5,422$4,849$4,329$3,860$3,438$2,834
12 years$4,919$4,352$3,842$3,386$2,979$2,405
13 years$4,494$3,933$3,433$2,989$2,598$2,054
14 years$4,131$3,575$3,084$2,654$2,278$1,762
15 years$3,815$3,266$2,785$2,367$2,005$1,517
16 years$3,540$2,996$2,525$2,119$1,772$1,311
17 years$3,297$2,759$2,298$1,904$1,571$1,136
18 years$3,081$2,550$2,097$1,716$1,397$987
19 years$2,889$2,363$1,920$1,550$1,245$859
20 years$2,716$2,196$1,762$1,404$1,112$750
21 years$2,559$2,045$1,621$1,274$995$655
22 years$2,417$1,909$1,494$1,159$892$573
23 years$2,287$1,786$1,379$1,055$801$501
24 years$2,169$1,673$1,276$962$720$439
25 years$2,060$1,570$1,181$879$648$385
26 years$1,960$1,476$1,096$804$584$338
27 years$1,867$1,389$1,017$736$526$297
28 years$1,781$1,309$946$674$475$261
29 years$1,701$1,235$880$618$429$230
30 years$1,626$1,166$820$567$387$202
31 years$1,557$1,102$764$521$350$178
32 years$1,492$1,043$713$479$317$157
33 years$1,431$988$666$440$287$138
34 years$1,374$936$622$405$260$121
35 years$1,320$888$582$373$235$107
36 years$1,269$843$544$343$213$94
37 years$1,221$800$509$316$193$83
38 years$1,176$761$477$292$175$73
39 years$1,133$723$447$269$159$65
40 years$1,092$688$419$248$144$57
41 years$1,054$655$393$229$131$50
42 years$1,017$624$368$211$119$44
43 years$982$594$346$195$108$39
44 years$949$567$324$180$98$34
45 years$918$540$305$166$89$30
46 years$888$515$286$154$80$27
47 years$859$492$269$142$73$24
48 years$831$470$253$131$66$21
49 years$805$448$237$121$60$18
50 years$780$428$223$112$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $799,000, adding $2,455 every year, while hoping to spend $30,676 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: 74/7/19 Blend
39$799,000$799,000$799,000$799,000
40$883,030$840,683$828,299$944,258
41$940,460$849,238$823,408$993,758
42$1,002,720$857,183$817,325$1,044,006
43$1,070,270$864,458$809,978$1,098,274
44$1,143,616$870,994$801,290$1,156,953
45$1,223,315$876,723$791,183$1,220,478
46$1,309,979$881,569$779,574$1,289,327
47$1,404,282$885,451$766,375$1,364,025
48$1,506,966$888,285$751,496$1,445,153
49$1,618,847$889,981$734,841$1,533,352
50$1,740,821$890,442$716,310$1,629,328
51$1,873,878$889,567$695,799$1,733,857
52$2,019,104$887,246$673,200$1,847,797
53$2,177,697$883,366$648,397$1,972,095
54$2,350,976$877,804$621,271$2,107,792
55$2,540,389$870,431$591,698$2,256,038
56$2,747,536$861,109$559,547$2,418,100
57$2,974,175$849,694$524,682$2,595,374
58$3,222,243$836,030$486,960$2,789,402
59$3,493,871$819,955$446,233$3,001,880
60$3,791,408$801,296$402,344$3,234,680
61$4,117,441$779,869$355,132$3,489,868
62$4,474,818$755,480$304,427$3,769,717
63$4,866,675$727,924$250,051$4,076,735
64$5,296,467$696,984$191,819$4,413,689
65$5,768,000$662,429$129,538$4,783,627
66$6,285,465$624,017$63,007$5,189,909
67$6,853,480$581,491$0$5,636,240
68$7,477,128$534,578$0$6,128,326
69$8,162,014$482,991$0$6,682,784
70$8,914,308$426,426$0$7,291,839
71$9,740,809$364,562$0$7,961,011
72$10,649,005$297,059$0$8,696,381
73$11,647,149$223,561$0$9,504,651
74$12,744,330$143,687$0$10,393,207
75$13,950,562$57,038$0$11,370,185
76$15,276,879$0$0$12,444,550
77$16,735,435$0$0$13,629,019
78$18,339,625$0$0$14,936,624
79$20,104,202$0$0$16,375,004
80$22,045,426$0$0$17,957,417
81$24,181,208$0$0$19,698,468
82$26,531,285$0$0$21,614,253
83$29,117,404$0$0$23,722,504
84$31,963,524$0$0$26,042,760
85$35,096,046$0$0$28,596,550
86$38,544,062$0$0$31,407,596
87$42,339,624$0$0$34,502,035
88$46,518,052$0$0$37,908,669
89$51,118,263$0$0$41,659,234
90$56,183,139$0$0$45,788,698
91$61,759,933$0$0$50,335,595
92$67,900,713$0$0$55,342,384
93$74,662,853$0$0$60,855,851
94$82,109,573$0$0$66,927,550
95$90,310,538$0$0$73,614,292
96$99,342,514$0$0$80,978,675
97$109,290,091$0$0$89,089,681
98$120,246,483$0$0$98,023,322
99$132,314,403$0$0$107,863,358
100$145,607,039$0$0$118,702,091