Can I retire at age 40 with 709,000?

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 $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%15.7%
1 years$58,549$58,027$57,518$57,022$56,537$55,215
2 years$28,984$28,445$27,921$27,414$26,922$25,598
3 years$19,131$18,589$18,067$17,565$17,081$15,795
4 years$14,205$13,665$13,148$12,654$12,182$10,946
5 years$11,251$10,713$10,204$9,720$9,261$8,077
6 years$9,281$8,748$8,246$7,773$7,328$6,197
7 years$7,875$7,347$6,852$6,391$5,959$4,883
8 years$6,821$6,298$5,811$5,361$4,944$3,920
9 years$6,002$5,483$5,005$4,566$4,163$3,192
10 years$5,347$4,833$4,364$3,936$3,547$2,628
11 years$4,811$4,303$3,842$3,426$3,051$2,182
12 years$4,365$3,862$3,410$3,005$2,644$1,823
13 years$3,988$3,490$3,046$2,653$2,305$1,532
14 years$3,665$3,172$2,737$2,355$2,021$1,293
15 years$3,386$2,898$2,471$2,100$1,779$1,096
16 years$3,141$2,659$2,240$1,880$1,573$931
17 years$2,926$2,449$2,039$1,690$1,394$793
18 years$2,734$2,263$1,861$1,523$1,240$677
19 years$2,563$2,097$1,704$1,376$1,105$579
20 years$2,410$1,949$1,564$1,246$987$496
21 years$2,271$1,815$1,438$1,131$883$425
22 years$2,145$1,694$1,326$1,028$792$365
23 years$2,030$1,585$1,224$936$711$314
24 years$1,925$1,485$1,132$854$639$270
25 years$1,828$1,393$1,048$780$575$232
26 years$1,739$1,310$972$713$518$200
27 years$1,657$1,232$903$653$467$172
28 years$1,580$1,161$839$598$421$149
29 years$1,509$1,096$781$548$380$128
30 years$1,443$1,035$728$503$344$111
31 years$1,382$978$678$462$311$95
32 years$1,324$925$633$425$281$82
33 years$1,270$876$591$391$254$71
34 years$1,219$831$552$359$230$61
35 years$1,171$788$516$331$209$53
36 years$1,126$748$483$305$189$46
37 years$1,084$710$452$281$171$39
38 years$1,043$675$423$259$155$34
39 years$1,005$642$397$239$141$29
40 years$969$611$372$220$128$25
41 years$935$581$348$203$116$22
42 years$903$554$327$187$105$19
43 years$872$527$307$173$95$16
44 years$842$503$288$160$87$14
45 years$814$479$270$148$79$12
46 years$788$457$254$136$71$11
47 years$762$436$239$126$65$9
48 years$738$417$224$116$59$8
49 years$715$398$211$108$53$7
50 years$692$380$198$99$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $709,000, adding $4,081 every year, while hoping to spend $34,789 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: 29/47/24 Blend
39$709,000$709,000$709,000$709,000
40$785,528$747,951$736,961$802,341
41$828,636$747,585$724,634$815,381
42$874,976$746,035$710,728$826,047
43$924,839$743,207$695,154$836,798
44$978,549$739,000$677,817$847,663
45$1,036,456$733,307$658,619$858,678
46$1,098,951$726,014$637,459$869,886
47$1,166,458$717,003$614,228$881,338
48$1,239,446$706,146$588,815$893,093
49$1,318,431$693,309$561,101$905,219
50$1,403,978$678,348$530,965$917,797
51$1,496,709$661,112$498,277$930,920
52$1,597,309$641,442$462,905$944,695
53$1,706,530$619,168$424,708$959,243
54$1,825,200$594,111$383,539$974,705
55$1,954,229$566,081$339,247$991,240
56$2,094,619$534,878$291,670$1,009,030
57$2,247,472$500,289$240,643$1,028,281
58$2,414,001$462,091$185,992$1,049,228
59$2,595,541$420,045$127,534$1,072,135
60$2,793,560$373,901$65,081$1,097,300
61$3,009,675$323,394$0$1,125,061
62$3,245,666$268,244$0$1,156,198
63$3,503,492$208,156$0$1,208,550
64$3,785,309$142,816$0$1,265,966
65$4,093,491$71,895$0$1,329,043
66$4,430,654$0$0$1,398,444
67$4,799,676$0$0$1,477,470
68$5,203,727$0$0$1,604,820
69$5,646,297$0$0$1,744,423
70$6,131,230$0$0$1,897,508
71$6,662,760$0$0$2,065,424
72$7,245,550$0$0$2,249,661
73$7,884,736$0$0$2,451,856
74$8,585,972$0$0$2,673,817
75$9,355,490$0$0$2,917,532
76$10,200,152$0$0$3,185,192
77$11,127,517$0$0$3,479,210
78$12,145,912$0$0$3,802,246
79$13,264,510$0$0$4,157,228
80$14,493,416$0$0$4,547,383
81$15,843,762$0$0$4,976,268
82$17,327,812$0$0$5,447,797
83$18,959,077$0$0$5,966,287
84$20,752,441$0$0$6,536,492
85$22,724,304$0$0$7,163,650
86$24,892,733$0$0$7,853,531
87$27,277,634$0$0$8,612,494
88$29,900,939$0$0$9,447,546
89$32,786,812$0$0$10,366,405
90$35,961,878$0$0$11,377,577
91$39,455,471$0$0$12,490,433
92$43,299,913$0$0$13,715,300
93$47,530,817$0$0$15,063,554
94$52,187,425$0$0$16,547,732
95$57,312,973$0$0$18,181,650
96$62,955,104$0$0$19,980,528
97$69,166,312$0$0$21,961,138
98$76,004,442$0$0$24,141,962
99$83,533,232$0$0$26,543,365
100$91,822,912$0$0$29,187,787