Can I retire at age 40 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$58,549$58,027$57,518$57,022$56,537$56,157
2 years$28,984$28,445$27,921$27,414$26,922$26,539
3 years$19,131$18,589$18,067$17,565$17,081$16,706
4 years$14,205$13,665$13,148$12,654$12,182$11,819
5 years$11,251$10,713$10,204$9,720$9,261$8,910
6 years$9,281$8,748$8,246$7,773$7,328$6,990
7 years$7,875$7,347$6,852$6,391$5,959$5,635
8 years$6,821$6,298$5,811$5,361$4,944$4,633
9 years$6,002$5,483$5,005$4,566$4,163$3,866
10 years$5,347$4,833$4,364$3,936$3,547$3,262
11 years$4,811$4,303$3,842$3,426$3,051$2,779
12 years$4,365$3,862$3,410$3,005$2,644$2,384
13 years$3,988$3,490$3,046$2,653$2,305$2,058
14 years$3,665$3,172$2,737$2,355$2,021$1,786
15 years$3,386$2,898$2,471$2,100$1,779$1,556
16 years$3,141$2,659$2,240$1,880$1,573$1,360
17 years$2,926$2,449$2,039$1,690$1,394$1,193
18 years$2,734$2,263$1,861$1,523$1,240$1,049
19 years$2,563$2,097$1,704$1,376$1,105$924
20 years$2,410$1,949$1,564$1,246$987$816
21 years$2,271$1,815$1,438$1,131$883$722
22 years$2,145$1,694$1,326$1,028$792$640
23 years$2,030$1,585$1,224$936$711$567
24 years$1,925$1,485$1,132$854$639$504
25 years$1,828$1,393$1,048$780$575$448
26 years$1,739$1,310$972$713$518$398
27 years$1,657$1,232$903$653$467$355
28 years$1,580$1,161$839$598$421$316
29 years$1,509$1,096$781$548$380$282
30 years$1,443$1,035$728$503$344$251
31 years$1,382$978$678$462$311$224
32 years$1,324$925$633$425$281$200
33 years$1,270$876$591$391$254$179
34 years$1,219$831$552$359$230$160
35 years$1,171$788$516$331$209$143
36 years$1,126$748$483$305$189$128
37 years$1,084$710$452$281$171$114
38 years$1,043$675$423$259$155$102
39 years$1,005$642$397$239$141$91
40 years$969$611$372$220$128$82
41 years$935$581$348$203$116$73
42 years$903$554$327$187$105$66
43 years$872$527$307$173$95$59
44 years$842$503$288$160$87$52
45 years$814$479$270$148$79$47
46 years$788$457$254$136$71$42
47 years$762$436$239$126$65$38
48 years$738$417$224$116$59$34
49 years$715$398$211$108$53$30
50 years$692$380$198$99$49$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $709,000, adding $2,003 every year, while hoping to spend $53,264 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: 65/17/18 Blend
39$709,000$709,000$709,000$709,000
40$783,384$745,807$734,818$830,669
41$806,617$725,679$702,762$842,496
42$830,434$702,780$667,846$849,121
43$854,839$676,917$629,920$855,084
44$879,834$647,887$588,824$860,319
45$905,420$615,476$544,392$864,758
46$931,594$579,456$496,450$868,328
47$958,353$539,586$444,818$870,948
48$985,691$495,612$389,306$872,535
49$1,013,600$447,265$329,716$872,998
50$1,042,068$394,261$265,842$872,239
51$1,071,079$336,301$197,468$870,155
52$1,100,615$273,065$124,369$866,633
53$1,130,653$204,221$46,311$861,553
54$1,161,165$129,413$0$854,787
55$1,192,117$48,267$0$853,303
56$1,223,471$0$0$859,800
57$1,255,180$0$0$872,677
58$1,287,191$0$0$894,775
59$1,319,443$0$0$917,019
60$1,351,864$0$0$939,357
61$1,384,375$0$0$961,731
62$1,416,882$0$0$984,074
63$1,449,280$0$0$1,006,310
64$1,481,452$0$0$1,028,353
65$1,513,262$0$0$1,050,105
66$1,544,558$0$0$1,071,456
67$1,575,171$0$0$1,092,284
68$1,604,908$0$0$1,112,450
69$1,633,553$0$0$1,131,799
70$1,660,866$0$0$1,150,157
71$1,686,577$0$0$1,167,328
72$1,710,384$0$0$1,183,097
73$1,731,950$0$0$1,197,220
74$1,750,900$0$0$1,209,428
75$1,766,815$0$0$1,219,418
76$1,779,229$0$0$1,226,856
77$1,787,623$0$0$1,231,370
78$1,791,421$0$0$1,232,544
79$1,789,983$0$0$1,229,918
80$1,782,597$0$0$1,222,981
81$1,768,474$0$0$1,211,167
82$1,746,737$0$0$1,193,846
83$1,716,417$0$0$1,170,322
84$1,676,437$0$0$1,139,820
85$1,625,604$0$0$1,101,487
86$1,562,599$0$0$1,054,374
87$1,485,960$0$0$997,433
88$1,394,068$0$0$929,502
89$1,285,135$0$0$849,297
90$1,157,180$0$0$755,399
91$1,008,014$0$0$646,236
92$835,217$0$0$520,074
93$636,112$0$0$374,992
94$407,743$0$0$208,870
95$146,842$0$0$19,367
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0