Can I retire at age 40 with 708,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$58,466$57,945$57,437$56,941$56,457$54,519
2 years$28,944$28,405$27,882$27,376$26,884$24,951
3 years$19,104$18,563$18,042$17,540$17,056$15,190
4 years$14,185$13,646$13,130$12,636$12,165$10,378
5 years$11,235$10,698$10,189$9,706$9,248$7,546
6 years$9,268$8,736$8,234$7,762$7,317$5,702
7 years$7,864$7,336$6,843$6,382$5,951$4,421
8 years$6,812$6,289$5,803$5,353$4,937$3,492
9 years$5,994$5,475$4,998$4,560$4,158$2,796
10 years$5,339$4,826$4,358$3,931$3,542$2,261
11 years$4,805$4,297$3,836$3,421$3,047$1,844
12 years$4,359$3,856$3,405$3,001$2,640$1,513
13 years$3,983$3,485$3,042$2,649$2,302$1,247
14 years$3,660$3,168$2,733$2,351$2,018$1,033
15 years$3,381$2,894$2,468$2,097$1,777$858
16 years$3,137$2,655$2,237$1,878$1,570$714
17 years$2,922$2,445$2,036$1,687$1,392$596
18 years$2,730$2,259$1,858$1,520$1,238$499
19 years$2,560$2,094$1,701$1,374$1,104$418
20 years$2,406$1,946$1,561$1,244$986$350
21 years$2,268$1,813$1,436$1,129$882$294
22 years$2,142$1,692$1,324$1,027$791$247
23 years$2,027$1,582$1,222$935$710$208
24 years$1,922$1,483$1,130$853$638$175
25 years$1,825$1,391$1,047$779$574$147
26 years$1,736$1,308$971$712$517$124
27 years$1,654$1,231$902$652$466$104
28 years$1,578$1,160$838$597$421$88
29 years$1,507$1,094$780$548$380$74
30 years$1,441$1,033$727$503$343$62
31 years$1,380$977$677$462$310$53
32 years$1,322$924$632$424$281$44
33 years$1,268$875$590$390$254$37
34 years$1,217$829$551$359$230$32
35 years$1,169$787$515$330$208$27
36 years$1,124$747$482$304$189$22
37 years$1,082$709$451$280$171$19
38 years$1,042$674$423$258$155$16
39 years$1,004$641$396$238$141$13
40 years$968$610$371$220$128$11
41 years$934$580$348$203$116$10
42 years$901$553$326$187$105$8
43 years$871$527$306$173$95$7
44 years$841$502$288$160$87$6
45 years$813$479$270$147$79$5
46 years$787$457$254$136$71$4
47 years$761$436$238$126$65$3
48 years$737$416$224$116$59$3
49 years$714$397$210$107$53$2
50 years$691$380$198$99$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $708,000, adding $5,116 every year, while hoping to spend $35,899 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: 40/49/11 Blend
39$708,000$708,000$708,000$708,000
40$785,493$747,969$736,995$814,133
41$827,417$746,423$723,488$833,261
42$872,414$743,599$708,326$850,002
43$920,760$739,395$691,414$867,314
44$972,757$733,704$672,656$885,265
45$1,028,737$726,414$651,948$903,930
46$1,089,065$717,405$629,185$923,397
47$1,154,141$706,550$604,255$943,765
48$1,224,406$693,713$577,040$965,145
49$1,300,343$678,753$547,418$987,663
50$1,382,483$661,517$515,262$1,011,461
51$1,471,412$641,847$480,438$1,036,700
52$1,567,770$619,571$442,807$1,063,559
53$1,672,264$594,512$402,223$1,092,242
54$1,785,671$566,480$358,534$1,122,975
55$1,908,845$535,273$311,581$1,156,015
56$2,042,726$500,679$261,197$1,191,648
57$2,188,346$462,475$207,209$1,230,193
58$2,346,844$420,422$149,437$1,272,011
59$2,519,469$374,270$87,690$1,317,502
60$2,707,600$323,755$21,773$1,367,115
61$2,912,751$268,594$0$1,421,349
62$3,136,590$208,494$0$1,486,466
63$3,380,953$143,141$0$1,560,485
64$3,647,861$72,206$0$1,641,569
65$3,939,538$0$0$1,730,519
66$4,258,434$0$0$1,830,739
67$4,607,244$0$0$1,983,033
68$4,988,937$0$0$2,149,777
69$5,406,784$0$0$2,332,410
70$5,864,384$0$0$2,532,516
71$6,365,702$0$0$2,751,843
72$6,915,103$0$0$2,992,313
73$7,517,397$0$0$3,256,044
74$8,177,878$0$0$3,545,369
75$8,902,380$0$0$3,862,858
76$9,697,327$0$0$4,211,339
77$10,569,797$0$0$4,593,932
78$11,527,584$0$0$5,014,069
79$12,579,275$0$0$5,475,535
80$13,734,328$0$0$5,982,496
81$15,003,164$0$0$6,539,544
82$16,397,261$0$0$7,151,735
83$17,929,265$0$0$7,824,643
84$19,613,107$0$0$8,564,405
85$21,464,135$0$0$9,377,785
86$23,499,258$0$0$10,272,234
87$25,737,106$0$0$11,255,961
88$28,198,203$0$0$12,338,010
89$30,905,164$0$0$13,528,348
90$33,882,903$0$0$14,837,954
91$37,158,872$0$0$16,278,926
92$40,763,318$0$0$17,864,594
93$44,729,565$0$0$19,609,643
94$49,094,334$0$0$21,530,258
95$53,898,083$0$0$23,644,269
96$59,185,392$0$0$25,971,324
97$65,005,383$0$0$28,533,072
98$71,412,180$0$0$31,353,367
99$78,465,422$0$0$34,458,495
100$86,230,825$0$0$37,877,419